Hello people,
Can anyone suggest any other methods I could use to receive funds (forex) in nigeria from overseas .I have been dealing with relatives in the UK who send money to nigeria and now they insist that WU and MG are too expensive .

Can anyone suggest alternatives.

where are these relatives?

Uk, ireland,

you can open an acct which accept international transfer it is less expensive , and it is done in any bank, the acct is called domiciliary

You can tell them to open an account called Nigerians Living in Diaspora
with GT Bank. Their fees is way lower than WU/MG.
Cheers

JAZES:

You can tell them to open an account called Nigerians Living in Diaspora
with GT Bank. Their fees is way lower than WU/MG.
Cheers

good one; i need to check this out.

Use a company called DT & T. Their operation is similar to WU & MG but they are much less expensive and their exchange rate is very competitive indeed. Please see link to their website below

http://dttcl.com/

just checked it out, very good.

^ They are very good. I've been using them for over 5 yrs; you just need to transfer money into their account and your recipient will collect within 10 mins.

is it run by nigerians?

i need to start this money transfer biz btw. i wonder how profitable it is and how it is operated. any advice?

@naijababe Indeed I just checked out DT&t ,,,quite frankly their charges are indeed very reasonable, Snag is I wonder which nigerian banks are tied in to DT&T services, been checking nigerian banks and am yet to see any ,


@wealthbee1.   .thanks 4 ur concern, indeed I know about domicilliary accounts, and the last time I did things with one, the charges where not very encouraging


@ jazes, am guessing I would need to open a similiar account with GTB, or would a domicilliary account suffice?


@all, a big thanks for the contributions while I explore all raised suggestions for the one that bests suits my purpose

snowdrops:

is it run by nigerians?

i need to start this money transfer biz btw. i wonder how profitable it is and how it is operated. any advice?

ah Bros! I don't know anything about the money transfer business  but I know DT & T is run by Nigerians and like I said, I've had no complaints since I've been using them

unclecycs:

@naijababe Indeed I just checked out DT&t ,,,quite frankly their charges are indeed very reasonable,  Snag is I wonder which nigerian banks are tied in to DT&T services, been checking nigerian banks and am yet to see any ,

They are currently tied to First Inland Bank (FinBank)

i heard a rumor that google adsence acepts nigeria for western union quick cash payments. Is it true?

Money systems is much cheaper.

RIA MONEY TRANSFER...chech out their website. I am a registered Agent and can tell you with all confidence that they are second to none worldwide. I used to do moneygram and western Union but stopped. RIA is much better. cheaper and better rates for Africans.. try it.

Western Union and MoneyGram indeed can be quite expensive. Cheaper options are Azimo or Paysera services (if you are able to receive USD transfers). Also to use these options you need to have a bank account. If you have conditions, then sending money will be substantially cheaper for your relatives.

naijababe:
Use a company called DT & T. Their operation is similar to WU & MG but they are much less expensive and their exchange rate is very competitive indeed. Please see link to their website below

http://dttcl.com/

Hello, is this organization ( Dt & T) the same as UK.D transfer or betterstill do u know any organization by the name UK.D Transfer
N.B
Whenever i type UK.D on google, it re-direct to dt & t page...