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As an expatriate working in a foreign country, or even as a citizen of a country, you may need to send money to someone or people in another part of the globe. International money transfer service providers offer a fast and secure way of doing this. In this article, the various ways you can use to send money to Nigeria from Malaysia will be explained.
These are ways to send money from Malaysia to Nigeria:
- Western Union
You can use Western Union to send money easily to Nigeria from Malaysia. You can make cross-border transfers online with the Western Union mobile app or on the webpage. You will have to create an account with Western Union. Before you can be able to make use of the account, you will need to perform a verification where you will need to upload a photo of your government-issued ID and a selfie image of yourself. Your account will be verified after the confirmation of the submitted requirements.
You can make transfers online directly from your bank account with FPX banking or pay cash at Western Union agent locations in Malaysia. To pay with FPX banking, you will need to log in to your account. Then select Malaysia from the drop-down as the ‘sending country’ and Nigeria as the ‘receiving country’. Then, you will have to provide the amount you want to send – up to 50,000 MYR permitted per transfer. Then click on ‘continue’ to proceed to the next step of the process. You will be required to choose the mode of payment, select the ‘bank account’ option. The Malaysian banks permitted on Western Union include Affin Bank, Alliance Bank, AmBank, Bank Islam, Bank Rakyat, BSN, CIMB Click, Hong Leong Bank, HSBC Bank, KFH, Maybamk2U, Maybank2E, OCBC Bank, RHB Bank, Standard Chartered, Public Bank, UOB Bank and AGR001. Your name used during registration on Western Union must match the name on your bank. You will then be redirected to FPX where you will be connected to your online banking account. To complete the transaction, choose the delivery option suitable for your recipient – direct bank deposit or cash pickup at a designated agent location. However, for the first you want to use the FPX online banking option to make a money transfer, you should choose to ‘pay in store’. You will have to visit an approved Western Union agent location with a government-issued ID for confirmation.
You could also set up the transfer online and proceed to pay in cash at any Western Union agent location. To do this, acter you have provided the amount you intend to send, and the fee and exchange rate is displayed. Then proceed to choose to pay in-store from the payment options provided. Thereafter, within 24 hours from the set-up stage, you will have to visit any Western Union agent location to pay. You will not need to fill out any paper form at the agent store. At the point of paying for the transfer, you will be required to provide a valid means of identification and your mobile number. The process is quick.
MoneyGram offers you the opportunity to send money across national borders conveniently and reliably. First, you need to find the closest MoneyGram approved agent location. You can use the MoneyGram Agent Location tool – an online tool – to find one of proximity. You will need some things such as a valid government-issued document as a means of identification, the recipient’s full name and details, and the amount you wish to send.
At the MoneyGram agent location, you will be given a Send form to complete. Provide the full name of your recipient, and bank account if you want the recipient to get a direct bank account deposit, whereas, if it is the Cash pickup option, provide the address and mobile number of the recipient, instead. After you have completed the form, add the applicable funds (the amount you want to send plus fees) and submit it to the agent clerk. The agent clerk will give you a receipt. You will need to notify your recipient and share the 8-digit reference number with your recipient for Cash pickup.
Before you can be able to use Wise to send money internationally, you will need to create a free account. Using the Wise mobile app or on the website, click on Sign Up to begin the registration. You will need an email address or a Google or Facebook account. The registration is fast – happens in less than 2 minutes. You could create a Personal or Business account. After confirmation of your account, you can now make international transfers – like from Egypt to Nigeria – with ease.
The next step is to set up your transfer either with the mobile app or on the Wise website. With the use of the Wise Calculator, input the amount you to send, and select Nigeria as where you want to send. Thereafter, you will be required to provide some basic details about yourself – full name, birthday, phone number and residential address. The next phase of the transfer process is to select who you want to send money to. Select ‘Someone else’ from the options. Proceed to provide the details of your recipient, including their bank details.
The concluding stages of the transfer process will be to review the details provided earlier and check if all is correct. After the review of the summary of transfer, click on ‘Confirm’ to proceed to pay for your transfer. There are various payment options on Wise such as bank payment, SWIFT or debit or credit card payment. However, only bank payment is available to residents of Malaysia. So, you will have to make a local transfer to Wise from your bank using the Wise mobile app or website. The steps to carry out the bank transfer is straightforward to adhere to. With that, your transfer is on its way to your recipient’s bank account in Nigeria. Using this cross-border payment service on Wise will cost you a flat fee of 26.68 MYR plus 0.73% of the converted amount.