Union Bank Ria Money Transfer -Easy Way To Quickly Send and Receive Money From Abroad

Union Bank Ria money transfer
Nigerian Currency

If you have been searching for information regarding Union Bank Ria Money Transfer service, count yourself lucky to be on this page today. This post does not only talk about Ria alone but all other remittance products available in Union Bank.

Sending and receiving the money to and fro any country in the world has existed for a long time but has become faster, safer and easier. In fact, International money transfer is now as swift as possible and all thanks to the likes of Ria, Western Union, MoneyGram, World Remit, Wari and Small World.

What is Ria?

Ria is an international money transfer industry, which has been in business for over 30 years and is accessible in over 402,000 locations worldwide in, therefore, it’s one of the largest money transfer service provider in the world.

Union Bank Ria Money Transfer

Union Bank Ria Money Transfer

In order to provide a secure and economical service, Union Bank and Ria are in partnership on remittance to offer money transfer pay-out services across the country.

This Partnership, enables Union Bank customers to obtain remittances in local currency at Union Bank payout locations, which include its branches nationwide.

Obviously, it is not just for the interest of Union Bank customers alone, but also to non-customers, as customers could have funds transferred directly to their bank accounts, while non-bank customers could collect remittances in cash through any payout location and that’s the only difference.

You May Be Interested in:-

Why should I Send and Receive money Via Union Bank Ria Money Transfer and its other remittance products?

With the available Remittance products, the Union Bank customers and non alike stands to enjoy a lot of benefits such as;

  • Easy international funds transfer without a dollar account.
  • Easy access to funds from any country around the world.
  • No need to source for dollar
  • Simple, secure, and fast
  • You can use it whether you are an account holder or not.

How can I Receive Mony from Abroad?

Union Bank has a lot of means with which you can receive your funds from abroad via any of the Union bank branches or straight into your account through  Direct-to-Account (D2A) service. You can consider any of their Remittance products below.

  • Ria
  • MoneyGram
  • Western Union
  • SmallWorld
  • Wari

How Can I Send Money Abroad?

You don’t only receive funds from other countries, you can as well send money abroad through Western Union or MoneyGram. All you need to do is to visit any of the Union bank branch nearest to you in order to use this service.

How to use Union Bank Ria Money Transfer

Before you can be able to use the Union Bank Ria money transfer, there are certain things you must know, such as the maximum amount one can receive or send either as a walk-in customer or as an account holder, the requirements, etc.

What is the maximum amount I can send or receive?

whether you are a Union Bank account hold or a walk in customer, there’s a maximum amount which you can send or receive.

Union Bank Account Holders

As a Union Bank customer, you are entitled to receive a maximum of $10,000 (Naira equivalent) per transaction and the maximum amount you can send to another country is $1,000 (Naira equivalent) per quarter.

Non-account Holders or Walk-in Customers

The good thing about the Union Bank ria money transfer is that it is accessible to both customers and non-account holders alike. But as normal, there’s a big difference. For instance, walk-in customers are entitled to receive just a maximum of $1,000 (Naira equivalent) per transaction, unlike the account holders, and can send $1,000 (Naira equivalent) per quarter.

What Are The Requirements for Union Bank Ria Money Transfer?

Below are the items needed for a successful Union Bank ria money transfer as well as other Union Bank Remittance products like MoneyGram, Western Union, Smallworld and Wari.

The Requirements for Ria Money Transfer

  1. Your Bank Verification Number (BVN)
  2. Details of the sender and that of the receiver
  3. Transaction amount
  4. Any of the under listed ID types: –
  • a. National Identification Number Commission (NIMC) / National ID card
  • b. Drivers License
  •  c. International Passport
  • d. Permanent Voters Card

Union Bank Ria Money Transfer Fees

Inarguably, I don’t think any Nigerian bank as a ria agent will do such transactions without charging a kobo. Consequently, Union Bank may charge ria users directly or indirectly in the form of transfer processing fees or cash advance fees when using a credit card. The beneficiary bank may also charge the recipient other fees such as inward SWIFT charges, intermediary fees and other costs.

How Long Does it Take to Send or Receive fund with Union Bank Ria money Transfer?

Sending or receiving Money through Union Bank Ria shouldn’t be more than 24 hours. Yes it’s that fast!

Union Bank Ria Money Locations in Nigeria

The Ria money transfer service is accessible at any Union Banks Branch in Nigeria. So just visit any of the branches nearest to your location.

The Requirements for MoneyGram

  1. BVN
  2. Details of the sender and that of the receiver
  3. Transaction amount

The Requirements for Western Union

  1. Your Bank Verification Number (BVN)
  2. Details of the sender and that of the receiver
  3. Transaction amount
  4. Any of the under listed ID types: –
  • a. National Identification Number Commission (NIMC) / National ID card
  • b. Drivers License
  •  c. International Passport
  • d. Permanent Voters Card

The Requirements for Smallworld

  1. Your Bank Verification Number (BVN)
  2. Details of the sender and that of the receiver
  3. Transaction amount
  4. Any of the under listed ID types: –
  • a. National Identification Number Commission (NIMC) / National ID card
  • b. Drivers License
  •  c. International Passport
  • d. Permanent Voters Card

The Requirements for Wari

  1. Your Bank Verification Number (BVN)
  2. Details of the sender and that of the receiver
  3. Transaction amount
  4. Any of the under listed ID types: –
  • a. National Identification Number Commission (NIMC) / National ID card
  • b. Drivers License
  •  c. International Passport
  • d. Permanent Voters Card

Conclusion

I believe you now have full insight as regard Union Bank Ria Money Transfer and other Union Bank international money transfer service remittance products. If you find this information helpful, let’s us know, if you have a question about this subject or suggestions, use the comments box. Good luck!

Add a Comment

Your email address will not be published. Required fields are marked *