How to send and receive Ria money transfer in Nigeria
Ria money transfer – If you wish to send money home as a Nigerian/African or any other national for whatever reason, Ria money may just be the platform you need.
While this guide may be dealing and citing the Nigeria’s scenario in using this service, it as well serves the purpose for Ria money users who wish to send and receive in other countries too.
About Ria money
Ria money is one of the largest international Money Transfer companies in the world, with over 470,000 locations in 165 countries, with Ria you will be able to send money to where it matters.
To send money via Ria
There’s no complexity in accessing and sending money with Ria platform, you can either send money by visiting a Ria money store/agent location or you accomplish this task online by using the Ria app.
Requirements to send Ria money
Whichever means you wish to access this service, you are required to arm your wallet/bag with a few documents, these include,
- A valid government issued ID card
- The receiver’s valid name as used in banking with a Nigerian bank, since there’s only a bank pick-up option in Nigeria at this time, this does not in any way suggest that the money will be sent to the receiver’s bank account.
- The amount you intend to send to a receiver in Nigeria or any other country.
Depending on how you wish the recipient access the fund, you may also be required to provide additional information to this regard.
Recall that you can either use the
- Ria app or
- The online transfer method
How to send money on Ria app
The Ria app eventually can only be accessed by users in the under-listed countries,
- United states
- Spain and
You will have to download the Ria app available on both Android and iOS operating system, having done this go ahead and create an account, finally, you will need to verify your identity (KYC).
Read also: Remitly Transfer to Nigeria: How To send and receive Remitly in Nigeria
In this verification process, you are required to use a government-issued photo ID spot on.
How to send Ria money transfer online
You can send money online on Ria website, this service is available for users in the United States, Canada, the UK, and Australia.
Kindly register and complete your registration, before you can send money.
Payment will deducted from your credit/debit card.
How to receive Ria money transfer in Nigeria
It’s assumed you have succeeded in sending the money, at this point you will have to forward the 11-digit Ria order number to the receiver in Nigeria or any other country as it applies to your case.
Further details to be sent include,
- The sender name
- Amount sent
This is to ensure the receiver presents the right information at the point of collection or pick-up, any order than as seen on the transaction will prevent the receiver from accessing the fund.
So ensure due diligence in data handling and presentation to the third party.
On the receipt of the above information the receiver will have to visit a commercial bank that renders Money Transfer services, usually Polaris bank, First bank, UBA, Union, etc.
On arrival, the receiver is expected to,
- Complete a Ria money transfer form, kindly pay attention to details, and avoid alterations
- You will be required to present a valid and verifiable ID card in any of these category; national ID card, voter’s card, driver’s license, international passport, and BVN.
- The transaction details which you are required to fill in the form as seen above.
On successful verification of your ID, and completion of the Ria money transfer form the officer will take a step further to process and pay you the exact value indicated and payment is strictly made in USD at this time.
Ria money transfer location in Lagos Nigeria
Ria has an office located at 15 Olorunnisola Street, Mushin, Lagos.
However, Ria transfers can be received at
- Polaris bank
- First bank
- Fidelity bank
- Access bank
- Union bank, etc.
Just walk strait into any of these banks and cash your money.
Ria exchange rate to Nigeria
Ria transfer to Nigeria is strictly on USD at this time, this is in line with the CBN policy to dollarize the economy in a bid to ease pressure on the naira.
This has encouraged remittances into the country in the last few months, as well has been complemented with Naira4dollar policy which ensures every receiver gets a N5/$1 incentive.
Given this, the receiver has a better advantage to head into the parallel market and negotiate a suitable rate.
Ria money limit to Nigeria
You can receive up to $5000 per quarter, this can however be reviewed.
Other helpful resource
- Find a Ria location
- Track a transfer
- Local information
- Covid-19 resources