Nigerian Banks Promote Same Day Money Transfers To Safely Send Money To Nigeria

Sending Money via international money transfer can be an easy and convenient way to send and receive money anywhere in the world. 


Direct Bank Deposit Same Day Money Transfer

One advantage of sending funds this way is that the funds can be used to buy goods and services electronically without ever needing to convert the sent money into actual cash. The funds are deposited directly into the receivers Nigerian Bank account.  So they can just use their ATM card-even if bank is closed.

 On the other hand, if the recipient does wish to turn these electronic funds into cash, they can go to the bank

With a population of over 150 million, Nigeria is an exciting environment for finance, with cutting edge technology bringing the Nigerian financial scene into the future.  An increasing number of customers are finding that the need to visit a bank branch or ATM location is not what it used to be, thanks to stellar technological advances.

Banks are moving toward granting users to complete banking transactions using mobile phones and other handheld technologies. Banks in Nigeria  use technology such as text messages to advertise promotions for customers, and alert customers of electronic transactions. The utilization of technology in banking reduces transaction costs and lessens the need for quick branch expansion. Currently, all banks in Nigeria facilitate money transfer transactions.  

This idea of handheld bank technology is called Mobile Banking, and it is assumed that mobile banking will change the bank industry in Nigeria and soon all over the world. Already, 85-90% of mobile bankers do not use ATM or credit cards; they simply use their mobile phone to complete transactions. The technology utilized to make this style of banking possible is the same technology that runs ATM machines, although it is much cheaper to maintain. Nigeria is really on the forefront of this rapidly growing area of finance.

An increasing number of Nigerians are also utilizing the web for bank purposes, although the majority of banking customers utilizing the World-Wide-Web limit their activites to checking statements and assuring whether or not transactions have been completed. The Internet also allows bank customers to interact with bank employees to ask questions and inquire about bank goods and services, although this is not tremendously used so far by Nigerian bank customers.

The banking presence is expanding in Nigeria, as more global banks and financial companies rush to compete for the changing banking needs in the country. Demographically speaking, half of Nigeria's 150 million populace are below the age of 45, so throughout the next many years, a big generation of people will be entering their earning years and will have many banking needs. The banks which find a way to give the services Nigerian banking customers enjoy a influx of new customers and profit in the years to come.

Some Nigerian banks even promote the use of international money transfer services.


   Intercontinental Bank for instance is rewarding their money transfer customers in Nigeria.
  
The Bank explained that "any money transfer customer who uses the Bank’s platforms on or before the end of the promo in July, 2011, stands a good chance of winning from the various household gift items already set aside for the promo." It added that the winning mechanism is determined partly by accumulation of points by customers and the introduction of relations, friends and well wishers.

In a statement, the Group Head, Transaction Banking, Mrs. Busayo Oluyemi, said: "every volume of $10,000, $25,000 and $50,000, qualifies customers to win various household utility items in the Easter Money Transfer Promo".

In the same vein, every volume of $75,000, $100,000, $120,000 and $150,000 qualifies customers to win electonic and other entertainment modules, the release indicated. Mrs. Oluyemi emphasized that the uniqueness of the money transfer promo lies in customers’ ability to choose their preferred gift by accumulating points towards it.

She said the promo mechanics allowed customers to win gift-items anytime before the conclusion of the promo and restart another round of winning streaks. 
The Bank noted that the floating of the Money Transfer Easter Promo is coming on the heels of its on-going I-Save, I-Win Promo, meant to also reward its savings accounts holders/customers in a practical way by allowing for an instant win on lodgment of a minimum of N5,000.00 only.

Why You Should Use A Money Transfer Company To Buy International Real Estate

When it comes to buying property abroad, things can become tricky, for many different reasons. Whatever your needs are for the property, you will, doubtlessly, want the transaction to go smoothly. Because you are dealing with foreign laws and are paying in a foreign currency, a lot of complexities can be added to the situation – and this is why many people choose to use a specialised money transfer service when buying property abroad.

When you use such a service, you will get best possible rates. This is especially important since, when dealing with large sums of money, different exchange rates make a very noticeable difference to how much you are paying. This is important regardless of how many properties you are buying. Another reason you’ll save money is that banks generally charge a lot more than a specialised company will. Many people use banks simply because they are unaware that they have other options available for carrying out the transaction.

Another great reason to use a money transfer company is for security. The last thing you want is for the money you’re sending for the purchase to go missing. Money transfer companies have effective security procedures in place to ensure you will not lose what you send.

At mcjamehmoneytransfer.com, we offer these services for private and business clients, whatever their needs may be. If you are interested in buying foreign property, the whole process with be more secure and a whole lot easier with us.