Posted on by Chad F.

Along with a prospering economy and large population, Nigeria has the 20th largest economy in the world. With that in mind, a significant portion of the overall wealth accumulated in Nigeria comes from Nigerians who are working abroad. For many years, it has been a common practice for Nigerians to work abroad in countries such as the United States. In addition, they tend to transfer money back home to their loved ones.

If you are working abroad and would like to send money remittances, you will be glad to know that doing that is extremely easy when you use our online platform. At Sharemoney, you will be able to send money remittance online to Jaiz Bank in Nigeria. You can count on us to make that process extremely convenient and easy. Here are some important pointers to keep in mind:

About Jaiz Bank

In 2003/2004, Jaiz International Plc was established as a Special Purpose Vehicle to form Nigeria’s first full-Fledged Non-Interest Bank. Jaiz Bank Plc. was created out of the former. Since the bank’s inception, it has successfully obtained the National Operating License, which is approved by the Central Bank of Nigeria (CBN). With this license, it has the ability to operate in all parts of the Federation. From its humble beginnings of operating three branches in Abuja FCT, Kaduna and Kano, today’s Jaiz Bank is a public listed company with over 20,000 shareholders and has plans to increase its current Share Capital Base to USD $125 million.

Bank Swift Code: JAIZNGLA

How Sharemoney Can Help with Money Transfers to Nigeria

Although bank deposits are the current delivery method we have in Nigeria, you can rest assured that Sharemoney has built an extensive network of Nigerian banks, including Jaiz Bank. As there is no shortage of banks to choose from, it is extremely convenient for you and your recipients to send and retrieve money. With that in mind, most bank deposit transactions can be completed within 15 minutes on average.

Initiating Money Remittance Transactions is Easy – Here’s How

One of the first steps of initiating a money transfer typically involves a quick and simple account registration with Sharemoney. Your account is designed to help you send money online to any banks Sharemoney has partnered with in Nigeria. With that in mind, you have to make sure that you complete the registration form with accurate information as we will be using them to verify your identity, as well as facilitate and identify both future and present transactions.

Available Funding Methods to Use

Sharemoney offers multiple funding options for your online money transfers. The most convenient option involves paying through your debit card. It is straightforward, convenient, and cheaper (you can send up to $2,999 to Nigeria for just $3.99!). Yes, we accept credit cards as well. However, you should keep in mind that the credit card fees include additional charges. This option requires you to go through the usual verification process.

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