You are a Nigerian in China or doing business in China, there is actually a way you can send money to Nigeria or from Nigeria to China without being scared of losing your money or something. It’s a known fact that Nigeria is a risky place to send money but that doesn’t mean you won’t send money to Nigeria. In this post, we’ll be looking at how to send money from China to Nigeria or from Nigeria to China.
There are steps or procedures you should take or follow to successfully send money to Nigeria. Let’s take a look at these steps.
How to Send Money from China to Nigeria or from Nigeria to China
1. Open a Local Bank Account
The primary step is to open a local bank account in China. You have to choose a bank that has adequate services for foreign customers.
2. Verify your Identity
After opening an account, you have to verify your identity for your account to be functional.
3. Money Transfer
You can transfer money from your foreign account to a bank account in China. You’ll have to follow the procedures of the bank and let the staff guide you.
4. Utilize Mobile Banking
With mobile banking, you can manage your finances, transfer, and all that. You can also utilize it in doing transfers locally or internationally.
5. Use Money Exchange Tools
You can also use money exchange tools such as ATMs or currency exchange machines at banks to exchange your money into Yuan or use it as transfer modes as well.
6. Work Strongly with the Commercial Banks in China
While in China, you should desist from working with people you don’t know or all these untrusted small-scale finance sector businesses. It is better to work with the staff members of strong commercial banks in the country. It is through their guidance you’ll know how to send money to Nigeria or send money from your account in Nigeria to the one in China.
Furthermore, you should always stick to the general and financial laws of the country. You’d have to ensure you don’t go contrary to their laws to avoid sanctions.
This is it on how to send money from China to Nigeria or from Nigeria to China. This is a great guide for you that’s assured to lead you right. It’s a great guide.