FIRSTBANK of Nigeria Limited is now partnering with MoneyGram to ensure Nigerians transfer money economically by sending money abroad through   ‘”Naija Send.” The bank now charges as low as N1,500 per transaction.

The bank has assured customers that it was committed to ensuring they transact business conveniently and at affordable  rates.

It stated that the reduced fee would be helpful in bringing loved ones closer as they do not need to worry about high cost of sending money to family and friends living abroad.

“Outbound money transfer through First Bank is the way to go in sending money to loved ones abroad as the money sent can be picked up within minutes either as cash in the currencies of the destination countries or as a direct transfer to beneficiary’s bank account over there.

“Also, there are no hidden charges as the beneficiaries get the exact transfer equivalent in the destination country. For instance, when N355,000 is sent abroad, the beneficiary gets exactly $1,000. The money is received in the currency of the destination country.

In addition, there is no risk of buying fake currencies,” Abiodun Famuyiwa, group head, products and marketing support, First Bank, said in a statement.

MoneyGram services are available at over 750 First Bank branches nationwide. First Bank also stated that it has dedicated money transfer branches that open every day of the year including Saturdays, Sundays and public holidays.

–  Jan. 26, 2018 @ 10:25 GMT