Zenith bank Forex: How to receive Foreign Currency Inward Transfers from abroad

Last Updated on November 26, 2022 by admin

Do you want to transfer money from abroad to your Zenith bank account in Nigeria and you don’t know how to do it? This content will show you Forex Funds Transfer Instruction.

Before you can transfer home from abroad , you need to know zenith bank SWIFT code and procedures on how it work. What is SWIFT? this stand for the Society for Worldwide Interbank Financial Telecommunications. Every financial institutions use this to securely transmit information and instructions through a standardized system of codes either between themselves or between them and their corporate customers who are registered on SWIFT.

FileAct Service are use to exchange bulk payment files securely and reliably. This consist of two files: the PayLoad file (Pain001- Customer Credit Transfer Initiation) and the Response File (Pain002 – Customer Payment Status Report). Zenith bank supports the ISO 20022 XML message format for these files.

Read: MoneyGram: How to send and receive money,cancel and track transfer

How to transfer forex to Zenith bank Nigeria From Abroad

USD Dollar:

INTERMEDIARY BANK DETAILS:

CITIBANK N.A. LONDON

. Address: CANADA SQUARE CANARY WHARF LONDON E14 5LBN
. Swift Code:—— CITIGB2L
. IBAN NO: —– GB80CITI18500810407941

CITIBANK N.A. NEW YORK

Address: 111 WALL STREET, NEW YORK, NEW YORK 10043
SWIFT CODE:—— CITIUS33
BANK ACCOUNT NO:—–36141884 (USD)

BENEFICIARY’S BANK DETAILS

ZENITH BANK PLC——–

SWIFTCODE:——- ZEIBNGLA

AMOUNT:———

ORDERING PARTY ——-

BENEFICIARY’S NAME ———

BENEFICIARY ACCOUNT NO:——–

PURPOSE:———–

Also Read: Western Union:Steps on how to receive and transfer money

EUR

. CITIBANK N.A. LONDON

. SWIFT CODE:—- CITIGB2L
. IBAN NO: —– GB87CITI18500808663076

BENEFICIARY’S BANK DETAILS

ZENITH BANK PLC——–

SWIFTCODE:——- ZEIBNGLA

AMOUNT:———

ORDERING PARTY ——-

BENEFICIARY’S NAME ———

BENEFICIARY ACCOUNT NO:——–

PURPOSE:———–

GBP

INTERMEDIARY BANK DETAILS:

CITIBANK N.A. LONDON

SWIFT CODE:——- CITIGB2L
IBAN NO:—– GB22CITI18500805527945

BENEFICIARY’S BANK DETAILS

ZENITH BANK PLC——–

SWIFTCODE:——- ZEIBNGLA

AMOUNT:———

ORDERING PARTY ——-

BENEFICIARY’S NAME ———

BENEFICIARY ACCOUNT NO:——–

PURPOSE:———–

Read: WorldRemit: How to transfer money and receive

How to buy Personal Travel Allowance (PTA) and Business Travel Allowance (BTA)

With recent Central bank of Nigeria ban of sales of Forex to bureau de change { BDC }, customer can now buy their Dollars, pounds, Euro and other foreign currency from commercial bank in Nigeria. However they have to meet some criteria to enable them buy. Below is the require details

1. A valid Nigerian passport with a valid Visa, and valid international return ticket with a travel date not more than 14 days from the date of PTA/BTA purchase.

2. Customers should be 18 years and above, and have a valid Bank Verification Number “BVN” .

3. PTA request is limited to a maximum of $4,000 per quarter per applicant

4. A return ticket originating from Nigeria, with a minimum travel time of 5 hours to your destination.

5. Travelling abroad? You can get a maximum of $4000 Personal Travel Allowance, $5,000 Business Travel Allowance or its equivalent per quarter.

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Meet Ogbeide Frank, popularly known as perere, a blogger who loves writing about finance and Tech. He studied Business administration at the Ambrose Alli University Ekpoma and Mobile Communication at Orange College Malaysia .Frank have worked as a banker and consultant in variety of Nigeria agencies

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