Follow these two main steps to complete your transaction;
Step 1: Initiate the Transfer
- Log in to your Africhange app and select your funded wallet (NGN or CAD).
- Click on the Send icon on the home page.
- Click on the recipient currency icon and select Send to USD everywhere (USD via SWIFT)
- Input the amount you want to send and the equivalent in USD will reflect under the recipient
- Ensure your NGN wallet is funded enough for your transaction. Swift charges about 36,000NGN or $25 as processing fee and this will be added to the amount you intend to send.
Step 2: Add the recipient and complete the transfer
- Click on ADD RECIPIENT and select the country you want your USD to be sent to and click on continue (for the sake of this article/illustration, Nigeria will be used, however, you can send to any country of your choice)
- Select the account type (Business account or Individual)
- Populate the required fields with the account details
- Select the purpose of payment or click on others from the list available to write your customer purpose of payment.
- Check/review the transaction summary page for accuracy and click on CONFIRM
- Input your transaction pin
And with that, you have successfully sent funds from your wallet to USD in other countries!
Note;
- This type of USD transfer can only be processed via SWIFT
- These charges are non-refundable if wrong details are used and the transaction is processed or refunded
- Please note that transactions to USD accounts are completed within 1-3 business days
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