How To Receive Money From WorldRemit In Nigeria

Early in 2016, Worldremit, a global leader in money transfers and remittances, started business in Nigeria.

This means that Nigerians who live in the US, UK, Canada, France, Germany, and other 50 countries can send money online to their family and friends in Nigeria. Worldremit started offering bank transfers to Nigeria that could be picked up in person, and that could be sent the same day.

In this article, you will learn what WorldRemit is and how to receive money from WorldRemit in Nigeria with easy.

The World Bank says that Nigerians abroad sent home a total of $20.8 billion in 2015. This made Nigeria the top country in Africa to receive remittances and the sixth in the world. Even though there are many ways to send money to Nigeria, Worldremit seems to be one of the best.

Table of Contents

What is WorldRemit?

WorldRemit is an international digital payment service that lets you send money to people in other countries. It’s a service that lets you send money online quickly and safely from your phone, computer, or any other device.

This platform is set up so you don’t have to go to an agent’s location to send money. You can do it at home, at the office, from the comfort of your desktop and mobile device.

How To Receive Money From WorldRemit In Nigeria

It is assumed that you either got the transaction details right to your phone or from the sender, or both. It doesn’t matter which comes first once the information is received.

It’s time to go to the bank to pick up your cash.

Requirements for WorldRemit cash pick-up

Transfer the 8-digit reference number
Sender complete details (name)
Amount being sent
Valid ID card: Voter’s card, National ID card, Driver’s license, International Passport, or BVN. Any of these can be used.
A mobile phone number tied to the transaction

In Nigeria, the only authorized agents are banks, so you should go to any participating banks, mostly Polaris bank, First bank, Access bank, Fidelity bank, and GTBank.

Note: The receipt method is completely determined by the sender’s choice when the money is sent. It could be done by bank account or cash pick-up.

How To Receive Money From WorldRemit In Nigeria

How to Send Money to Nigeria/Africa with WorldRemit

Note: Sending money to Nigeria or any other country follows the same steps and could be considered a “one size fits all” situation.

Traditionally you can either send money in two ways;

WorldRemit app
From an agent location.

Most people prefer the mobile app because it makes things easier, and they don’t have to go to an agent’s office.

Why Open a US Dollar Bank Account?

A US dollar bank account gives you more benefits than just the ability to receive transfers from other countries:

You can get a MasterCard or Visa card in US dollars that you can use to buy things or pay for trips abroad.
Using your mobile app or internet banking, you can transfer US dollars from one account to another.
A US dollar bank account can be used from anywhere in the world if you have a MasterCard, QR code, or use internet banking.
You can send money overseas and buy things online. For example, you could pay for a loved one’s education overseas.

Requirements to Use WorldRemit

To use the WorldRemit and how to receive money from WorldRemit in Nigeria, you need to have the following ready:

Valid ID card approved by the relevant country
A WorldRemit app/agent location
Your full name and phone number
A credit or debit card linked to your WorldRemit app

With the above information and strict adherence to the conditions, you are one step closer to receiving/sending money to Nigeria or any other country where this service is available.

Who Can Use the Worldremit Service

To use WorldRemit, you must be at least 18 years old, able to use financial services in your country of residency thanks to a valid work permit, and not subject to any restrictions or obligations as determined by your country’s Bureau of Finance.

How to convert US dollars into Naira

If you want to get the most out of the money you get from abroad, you may want to change it from US dollars to Naira. So, you can pay your bills, buy food, and pay for school. You only have to ask your bank to change the money for you.

FAQs

How to track/correct WorldRemit receiver details

You should always track your transfer to see if it is ready to be paid out or has already been paid out. You can also track and correct WorldRemit receiver details if there is an error in the receiver’s name, which could delay a payout in Nigeria.

Given this, the sender will expect the receiver to tell him or her the right order of names as they appear on his or her valid ID card.

How long does WorldRemit take to Nigeria?

Transfers to Nigeria and other countries usually happen immediately and don’t take long. If the money is needed quickly for medical bills, travel, etc., the recipient can cash it out the same day.

WorldRemit transfer daily/limit to Nigeria?

You can send as much as $5,000 per transaction to Nigeria, which is more than other platforms allow. There are no weekly, monthly, or quarterly limits. But if you want to send more than the “KYC” limit, you will have to give WorldRemit more information through the app.