Move Money Across Borders
We at Wema bank understand the need to connect Nigerians in Diaspora with their loved ones here at home and vice-versa, that is why our customers can enjoy the Send and Receive options via Western Union Money Transfer from all our branches nationwide. This service enables people send & receive money from over 250 countries through Agent locations worldwide using its web-based application.
Western Union and Wema Bank also have an exciting new service called Account Based Money Transfer (ABMT) which allows you receive funds directly into your Wema Bank account via the Bank’s Internet banking platform and digital platform, ALAT.
- Charge free to receiver, senders pays all charges
- Send and Receive options available at all Wema branches
- Beneficiary can receive immediately Sender processes from send location
- Money can be received directly into customer’s account in Local Currency
- Funds can be received as cash or transferred directly into account (ABMT)
Duly completed Receive Form with the following detail:
- The Money Transfer Control Number (MTCN)
- Expected Amount in local currency(Naira)
- Acceptable means of identification
- The receiver’s name, address and phone number
- Sender’s name and country (city to be included for transfers coming from the US and Mexico)
- Test Question and Answer where applicable.
Acceptable Beneficiary IDs:
- Nigerian International Passport/Foreign Passport
- Driver’s License
- Permanent Voters card
- National Identity Card
- Verified BVN
Duly completed Send Form with the following details:
- Sender’s name, Phone number, address
- The receiver’s name and country
- Amount in Naira
- Acceptable means of identification
- Test Question and Answer where applicable
- A maximum send limit of 1,000USD Naira equivalent per customer per quarter, as stipulated by the Central Bank of Nigeria.