Best Multi Currency Accounts Nigeria 2022

A Nigeria multi-currency account can help you manage the volatility of world currency exchange and accept and send payments from different countries. Nigeria multi-currency accounts can also help you manage your risk. You might want to accept Nigeria multiple currencies to protect your profit margins or simply to accept payments from muli national sources. Nigeria multi-currency accounts are convenient and allow you or your business to accept payments and receive payments in several different currencies. Nigeria multi-currency accounts also provide a single account for all currencies. They are particularly useful if you need to make payments or save in different currency denominations. In addition to being convenient, Nigeria multi-currency accounts also allow for fast transfers. However, you should be aware that Nigeria multi-currency accounts require careful consideration before you sign up.

Multi Currency Accounts Nigeria (Updated 2022) Table of Contents

  1. Visit Neteller alternative Neteller Visit Neteller

    Used By: 500000
    Currencies Available: 28
    Transfer Fees: none
    Payment Methods: online banking account, debit, and credit card
    iOS App : yes, Android App : yes

    LiveChat: yes
    Min Transfer: none
    Max Transfer: up to 50000 USD/transaction
    Year Founded: 1996

  2. Visit Neteller alternative Scotiabank Visit Scotiabank

    Used By: 25,000,000
    Currencies Available: 23
    Transfer Fees: none
    Payment Methods: Bank transfer, debit card, credit card, apple pay, google pay, Scotiabank Saddletone gift cards
    iOS App : yes, Android App : yes

    LiveChat: yes
    Min Transfer: none
    Max Transfer: 10000 USD
    Year Founded: 1832

  3. Visit Neteller alternative Skrill Visit Skrill

    Used By: 120,000
    Currencies Available: 33
    Transfer Fees: none
    Payment Methods: Cash, bank transfer, debit card, credit card, e-wallet, cryptocurrency (depending on country)
    iOS App : yes, Android App : yes

    LiveChat: yes
    Min Transfer: US$1.00 (varies based on certain currencies)
    Max Transfer: US$2,500.00 / day (weekly and monthly limites also apply)
    Year Founded: 2001

  4. Visit Neteller alternative Xoom Visit Xoom

    Used By: 250000000
    Currencies Available: 4
    Transfer Fees: 0$-40$
    Payment Methods: Bank transfer, debit/credit card, PayPal balance
    iOS App : yes, Android App : yes

    LiveChat: yes
    Min Transfer: US$10.00
    Max Transfer: 2999 USD/day, 6000 USD/month, 9999 USD/3 months
    Year Founded: 2001

  5. Visit Neteller alternative MoneyGram US Visit MoneyGram US

    Used By: 150000000
    Currencies Available: 46
    Transfer Fees: 0-1.99$
    Payment Methods: pay by card or directly from your bank account
    iOS App : yes, Android App : yes

    LiveChat:
    Min Transfer: none
    Max Transfer: 3000 USD
    Year Founded: 1940

  6. Visit Neteller alternative Moneycorp Visit Moneycorp

    Used By: 15000000
    Currencies Available: 161
    Transfer Fees: none
    Payment Methods: debit card via our online platform or a wire transfer, cash
    iOS App : yes, Android App : yes

    LiveChat:
    Min Transfer: 50 USD/GBP/EUR
    Max Transfer: none
    Year Founded: 1962

  7. Visit Neteller alternative Currencies Direct Visit Currencies Direct

    Used By: 325,000
    Currencies Available: 22
    Transfer Fees: none
    Payment Methods: Bank transfer, debit card
    iOS App : yes, Android App : yes

    LiveChat: yes
    Min Transfer: none
    Max Transfer: 25000 GBP
    Year Founded: 1995

  8. Visit Neteller alternative OFX Visit OFX

    Used By: 1000000
    Currencies Available: 54
    Transfer Fees: 15 AUD below 10k AUD
    Payment Methods: ETF, BPAY (Australia), Direct debits
    iOS App : yes, Android App : yes

    LiveChat: yes
    Min Transfer: 1000 USD
    Max Transfer: none
    Year Founded: 1998

  9. Visit Neteller alternative CurrencyFair Visit CurrencyFair

    Used By: 150,000
    Currencies Available: 17
    Transfer Fees: 0.45%
    Payment Methods: Bank transfer, debit card
    iOS App : yes, Android App : yes

    LiveChat: yes
    Min Transfer: £5.00 (or equivalent)
    Max Transfer: £10,000,000.00 (or equivalent)
    Year Founded: 2009

  10. Visit Neteller alternative TransferGo Visit TransferGo

    Used By: 2,500,000
    Currencies Available: 39
    Transfer Fees: 0.5%-1.5%
    Payment Methods: Bank transfer, debit card, credit card
    iOS App : yes, Android App : yes

    LiveChat: yes
    Min Transfer: 1.5 GBP
    Max Transfer: 1000000 GBP
    Year Founded: 2012

  11. Visit Neteller alternative Western Union Visit Western Union

    Used By: 15000000
    Currencies Available: 38
    Transfer Fees: up to 3%
    Payment Methods: Cash, bank transfer, debit card, credit card (varies from country)
    iOS App : yes, Android App : yes

    LiveChat:
    Min Transfer: $1.00
    Max Transfer: $10,000.00 (varies)
    Year Founded: 1851

  12. Visit Neteller alternative Credit Suisse Visit Credit Suisse

    Used By: 1000000
    Currencies Available: 1
    Transfer Fees: none
    Payment Methods: eBill, QR-bill, standing orders, payment orders, online & mobile banking, direct debit, multi-payment orders, bank transfer, debit card, credit card
    iOS App : yes, Android App : yes

    LiveChat: yes
    Min Transfer: none
    Max Transfer: none
    Year Founded: 1856

  13. Visit Neteller alternative Remitly Visit Remitly

    Used By: 3000000
    Currencies Available: 63
    Transfer Fees: 0-3.99$
    Payment Methods: Bank transfer, credit/debit card
    iOS App : yes, Android App : yes

    LiveChat:
    Min Transfer: US$1.00
    Max Transfer: US$20,000.00
    Year Founded: 2011

  14. Visit Neteller alternative JN Money Transfer Visit JN Money Transfer

    Used By: 500000
    Currencies Available: 1
    Transfer Fees: none
    Payment Methods: bank transfer, wire transfer, swift
    iOS App : , Android App :

    LiveChat:
    Min Transfer: none
    Max Transfer: 1000 USD
    Year Founded: 2005

  15. Visit Neteller alternative State Bank of India Visit State Bank of India

    Used By: 450,000,000
    Currencies Available: 8
    Transfer Fees: 0-Rs25
    Payment Methods: online SBI, neft, paynet, debit card
    iOS App : yes, Android App : yes

    LiveChat: yes
    Min Transfer: none
    Max Transfer: up to 10000 Rs
    Year Founded: 1955

  16. Visit Neteller alternative KlickEx Visit KlickEx

    Used By: 100,000
    Currencies Available: 6
    Transfer Fees: none
    Payment Methods: debit card, bank transfer
    iOS App : , Android App :

    LiveChat:
    Min Transfer: none
    Max Transfer: 1000 NZD/sender
    Year Founded: 2009

  17. Visit Neteller alternative UAE Exchange Visit UAE Exchange

    Used By: 15,000,000
    Currencies Available: 32
    Transfer Fees: 0.05%-1.5%
    Payment Methods: debit card, bank transfer
    iOS App : yes, Android App : yes

    LiveChat: yes
    Min Transfer: none
    Max Transfer: 200000 AED/day or 500000 AED/month
    Year Founded: 1980

What Is A Multi Currency Bank Account In Nigeria?

Nigeria multi-currency accounts can be a great way for international travelers to make payments and deposits in Nigeria multiple currencies. These accounts are similar to normal bank accounts, except multi currency accounts in Nigeria are specifically designed to handle different currencies for Nigerian account holders. Because they allow users to make payments in different currencies, Nigerian multi currency accounts can eliminate the need for several international bank accounts. In addition to being useful for international travelers, Nigeria multi-currency bank accounts are also ideal for businesses that deal with a variety of foreign currencies in Nigeria.

Nigeria multi-currency accounts allow you to manage your wealth in Nigeria multiple currencies, which can protect it from local disturbances and currency exchange rate fluctuations. Moreover, they can reduce foreign currency transactions and reduce the need for customer service centers in different countries. Nigeria multi-currency accounts also save time. Moreover, they are easy to use, which makes them a great choice for people who need to make frequent transfers.

Which Banks Offer Multi Currency Accounts In Nigeria?

There are many options available for those who are looking to open an account and hold a variety of currencies in Nigeria. You should understand that each bank has its own requirements vary depending on the specific account. Some banks in Nigeria require that you maintain a certain minimum balance, while others may require that you make a significant deposit. One thing to consider before opening a Nigeria multi-currency account is the fees. Most traditional banks charge an account opening fee and may charge you fees for each transaction. Some banks even charge you an annual maintenance fee.

If you are a Nigerian online seller or run a small business that sells internationally, it is important to find a bank or online money service that offers Nigeria multi-currency accounts. These accounts reduce barriers to international trade for Nigerian users and provide access to local collection accounts in many different countries around the world. And once you have established a global presence, you'll have no problem sending payments and receiving them in your preferred currency, using a mulit currency account in Nigeria.

When Should I Have A Nigeria Multi Currency Account?

While Nigeria multi-currency accounts are becoming increasingly popular, they are not for everyone. Considering your needs and goals, you should decide whether or not you need to open one. If you are primarily interested in international travel, Nigeria multi-currency accounts are a good option. This type of account lets you deposit and withdraw funds in different currencies. Most banks offer these types of accounts. The best option is a bank with a local branch that serves your home country. However, you should check if the bank you choose offers Nigeria multi-currency debit cards.

If you plan to travel a lot or are a business traveler, you should open a Nigeria multi-currency account. You can send and receive money in Nigeria multiple currencies, which will minimize your exposure to fluctuations in exchange rates. It can also simplify the process of opening bank accounts abroad. It can also help you protect your wealth against local disturbances and fluctuations. You can use Nigeria multi currency accounts to receive payments in a variety of currencies, which reduces the need to deal with foreign customer support centers and fees.

Live And Work Outside Nigeria

Some Nigeria banks offer the opportunity to switch currencies from one country to another, enabling you to leverage the power of reasonable exchange rates and save money on large business transactions when transacting in multiple currencies in Nigeria. While Nigerian residents should avoid transferring money abroad frequently, some banks in Nigeria waive the monthly maintenance fee. Another benefit of a Nigeria multi-currency account is that many offer tiers of interest, meaning that the higher your interest rate, the higher it will be. These tiers are often worth the fee, so shop around to find the best deal.

If you are working internationally, a Nigeria multi-currency account will help you manage your international transactions more effectively. A foreign currency account in Nigeria is especially beneficial for expatriates who frequently travel, as they can use their foreign currency card to pay for expenses in their new location. The Nigeria transactional charges are much lower than those you would incur if you used your domestic account. You can also open a Nigeria multi currency account in your home country for easy and convenient transactions.

Make Frequent Transactions From Nigeria To Abroad

One of the most convenient ways to make frequent payments abroad is by using a Nigerian credit card. This option is convenient because credit cards from big issuers have low markup exchange rates, and they often come with a number of rewards points. However, when you are making large transactions, you'll need to consider the cost of sending large amounts of money. Nigeria bank-to-bank transfers can be expensive, but prepaid debit cards offer a lower cost solution in Nigeria. Additionally, recipients can usually use these cards to withdraw funds after paying an activation fee.

Advantages Of Multi Currency Account In Nigeria

A Nigeria multi-currency account is a great way to protect your wealth from exchange rate fluctuations and local disturbances. A Nigeria multi-currency account is more convenient than a wire transfer service. Bank wires can come with steep fees and exchange rate markups. So, a Nigeria multi-currency account is a smart choice if you plan to spend a lot of time traveling abroad. For businesses, a Nigeria multi-currency account can help you protect your profit margin. Some of the most common advantages of a Nigeria multi-currency account include the ability to manage Nigeria multiple currencies, overdraft limits, and other features. Some banks and online money services in Nigeria even offer services that enable you to use local bank details in different countries.

Designed To Support International Lifestyle Outside Nigeria

If you have an international lifestyle, you will need a bank account that supports Nigeria multiple currencies. Increasing Nigeria multi currency support is a great way to make life easier for international shoppers. While Nigeria multi currency support for your online store makes life easier for your customers, it also carries a disadvantage. While Nigeria multi currency support saves your customers money by avoiding foreign exchange charges, the burden of paying for them is placed on you. If you are using the same currency as your customers, you can set up several bank accounts to accommodate them.

Easy Access Via Online Banking Outside Nigeria

While a Nigeria multi-currency bank account allows you to receive and send money in a variety of currencies, it is more convenient to have an account in one. A Nigeria multi-currency account will allow you to use that currency for electronic transfers and checks in Nigeria, and you will be able to earn interest. Nigeria multi-currency bank accounts will also provide you with easy access to the international market. Many of today's top mobile banks offer Nigeria multi-currency accounts. These accounts allow you to access your funds wherever you go, without incurring foreign exchange or Nigerian ATM fees. Some even offer online convenience and customer support.

With a Nigeria multi-currency account, you can hold up different currencies and accept payments in them. Although these accounts are not the same as international bank accounts, they can be an excellent option if you travel frequently or conduct business internationally. You can set up a Nigeria multi-currency account in less time and with fewer hassles than a traditional international bank account.

Live Exchange Rates In Nigeria

Using a live exchange rate with a multi currency money service in Nigeria is also helpful for employees who deal with different currencies. The live exchange rates are often updated in live data by staff working with Nigeria multiple currencies. Live exchange rates on Nigerian multi currency money services are the latest market prices for various currencies. They are updated in real-time to allow you to know exactly how much your money is worth. Using live exchange rates in Nigeria is a great way to track currency values and to forecast trends. Live exchange rates are interbank rates and should be viewed as a sign of market volatility by Nigerian residents exchanging currencies in Nigeria. However, it is important to understand that the live exchange rates in are meant only for informational purposes. While they are not guaranteed to reflect current market conditions in Nigeria, the fluctuations are important because they illustrate how critical it is to use currency risk mitigation strategies to protect your Nigeria investments. This is especially true if you are trading in foreign currency.

Disadvantages Of A Multi Currency Account In Nigeria

If you want to hold several currencies in your multi currency account in Nigeria, you have probably heard of Nigeria multi-currency accounts. While Nigeria multi-currency accounts allow you to save on exchange conversion fees, you will also experience the unfavorable fluctuations of foreign exchange rates. Nigeria multi-currency accounts also give you the ability to make free or low-cost currency transfers and book forward currency exchanges.

Nigeria Multi Currency Account Is Not Suitable For Occasional Trips Abroad

A Nigeria multi-currency account may cost you a lot of money, and it can be more time-consuming than your current bank account. You may be surprised to learn that most Nigerian multi currency exchanges charge fees and give a lower rate than what you'd get from a bank in Nigeria. Another disadvantage is that your Nigeria debit card may require you to decline currency conversions at international ATMs. Furthermore, there are international ATM fees, which Nigerian travelers should be aware of before traveling.

What Currencies Can I Exchange With A Nigerian Multi Currency Account In Nigeria

Check which currencies your Nigeria multi currency account supports. Multi currency accounts in Nigeria will support a range of currencies including the (USD) United States dollar, the (EUR) Euro, the (JPY) Japanese Yen, the (GBP) British pound sterling, the (AUD) Australian dollar, the (CAD) Canadian dollar, the (CHF) Swiss franc, the (CNY) Renminbi, the (HKD) Hong Kong dollar, the (NZD) New Zealand dollar, the (SEK) Swedish krona, the (KRW) South Korean won, the (SGD) Singapore dollar, the (NOK (RON) Norwegian krone.

Getting a Nigeria multi currency account for your business will make international payments easier and cheaper. You can use a single login and account number for Nigeria multiple currencies. Having a Nigeria multi-currency account is a good choice if you have a business with different branches and need to receive and send money in different currencies. You can even get one that accepts Nigeria multiple currencies if you need to. If you are a business owner, it will save you time and effort.

Getting a Nigeria multi-currency account is a good idea for international travelers. You can minimize currency exchange charges and avoid conversion fees. That adds value to your bottom line. A Nigeria multi-currency account is the best option for small businesses because of its convenience and low cost. You can open several different accounts with these accounts and choose a service that suits your needs.

What Are The Nonbank Options For Multi Currency Account In Nigeria?

Nigerian banks may be convenient for local payments, but dealing in multiple foreign currencies in Nigeria can be difficult. They may require high minimum balances, long transfer times, or impose exorbitant fees for Nigerian users. Nonbank financial institutions in Nigeria and online, however, are better suited to international payment needs and often offer no-fee services. While non-bank Nigeria multi-currency accounts have a similar primary purpose, there are a few key differences between them. For instance, while some digital Nigeria multi-currency accounts may offer greater foreign currency exchange options and higher cash withdrawal limits, others may charge dormant fees. Consider your spending habits when traveling and the frequency of your trips to choose the best Nigeria multi-currency account for you.

How Can I Open A Multi Currency Account In Nigeria?

Before opening a Nigeria multi-currency account, make sure to look into all of the fees that are associated with it. Traditional banks often charge an annual maintenance fee and/or an account opening fee. These costs can add up over time. Fortunately, you can negotiate with the Nigeria bank agent to minimize them, or opt for another bank that offers this type of account. When opening a foreign currency account, you must be aware that major banks rarely offer them. If they do, you will need to apply with an in-person visit. Most Nigeria banks will require personal and financial information, such as your address, social security number, and income.

Before you can open a Nigeria multi currency account, it is important to meet the qualifications. Some banks require documents proving you meet their minimum income or savings requirements. Other Nigeria banks require a significant amount of deposit. If you have a foreign currency account in Nigeria, you will want to check that the bank's fees are reasonable. You will also want to know how much interest it offers on the account.

Details Required To Open A Multi Currency Account In Nigeria

Before you open a Nigeria multi-currency bank account, you need to know the details required to open one. Depending on your circumstances, you might have to provide certain documents to show your eligibility in Nigeria. These documents might include proof of income or savings, or they might require you to make a significant deposit. In any case, opening such an account can be a great benefit for frequent Nigerian travelers. It is also beneficial to know which currencies you need for your business transactions in Nigeria.

A Nigeria multi-currency account allows you to hold several different currencies and accept payments in any of them. It is not the same as an international bank account, but it can replace several international bank accounts. Nigeria multi-currency accounts can be set up much faster than international bank accounts. A Nigeria multi-currency account requires minimal details and can be easily set up. There are some additional fees involved, but these are usually minimal. You can negotiate with the bank agent on the fees involved.

Fees To Have Multi Currency Account In Nigeria

Using a Nigeria multi-currency account can help you save on currency conversion fees and protect your bottom-line margin. Some banks charge a monthly account-keeping fee, while others charge foreign currency conversion fees for each currency that enters or leaves your account in Nigeria. If you frequently receive receipts in different currencies in Nigeria, these fees can add up quickly.

If you are looking for a way to hold several different currencies and accept payments in any of them, a Nigeria multi-currency account may be the best option for you. It is easier and cheaper to transfer money abroad from a Nigeria multi-currency account than to switch currencies every few months. In addition to that, Nigerian users may be able to receive better exchange rates when using online money transfer services in Nigeria.

Can I Have A Multi Currency Account Without A Nigeria Bank Account?

A Nigeria multi-currency account can be a valuable financial tool for many individuals. Some Nigeria multi-currency accounts require proof of income or savings, and others may require a substantial deposit. To find out if you qualify for a Nigeria multi-currency account, check the Nigerian bank's eligibility criteria. If you make a large amount of money overseas, a Nigeria multi-currency account can be a great way to handle payments in different currencies. These accounts are often more competitive than traditional Nigerian savings accounts because you can avoid foreign currency transaction fees in Nigeria. In addition, interest rates on these accounts will likely be higher than what you will earn on a traditional savings account.

A Nigeria multi-currency account may come with some fees, and these fees can add up over time. Many traditional banks charge an account opening fee, as well as fees per transaction and annual maintenance fees. Moreover, you might have to pay a minimum balance for opening a multi currency account in Nigeria. Having a Nigeria multi-currency account means that you can receive and send money abroad in different currencies without having a bank account in each of those currencies. A Nigeria multi-currency account can also be helpful for Nigerian international businesses, enabling you to conduct business around the world.

The Age Limit To Open A Multi Currency Account In Nigeria

While the age limit for opening a Nigeria multi currency account is 18 years. You do not have to be a senior citizen to open one. However, if you are still young and want to invest in the foreign currency market from Nigeria, you may be able to find a better option. Most Nigeria multi currency accounts come with age restrictions, so check with your bank before applying. Some of these multi currency accounts in Nigeria may require you to have proof of income or savings, or you might have to make a significant deposit.

Which Bank Has Multilingual Customer Support In Nigeria?

One of the most important factors when choosing a multi currency account in Nigeria, is the customer service and the availability of Nigeria multilingual support. Nigeria multilingual services are essential for banks to provide excellent service to their clients, particularly if the bank is overseas. Banks can be intimidating to Nigerian customers, so good services will make them feel taken care of. Nigeria multilingual call centers are a great way to help improve customer service.

A Nigeria multilingual customer support service provider will expand the capabilities of your company by providing expert customer service to diverse customer bases. Monolingual customer support providers will not be able to interact effectively with diverse international multi national customers when transfering money, a Nigeria multilingual multi currency service provider will be able to provide assistance in the customer's mother tongue when moving money from one country to another. Customers in Nigeria love to deal with companies in their mother tongue, so offering support in their own language is critical for building a strong relationship and to help resolve issues quickly when sending and recieving currencies.

Which Nigeria Regulated Multi Currency Service Has The Best Online Banking App?

The Nigeria banking mobile application lets you track your spending, transfer money to friends, locate in-network ATMs, and lock your debit cards. In fact, mobile banking is redefining the role of the bank by giving consumers access to their accounts any time. With mobile banking, consumers in Nigeria can conduct all of their transactions on the go and eliminate the need for a physical bank. In addition to the desktop version, some Nigeria banks also offer a mobile app. The app allows users to check account activity from anywhere with a computer or smartphone.

How Many Types Of Currencies Can I Keep On One Multi Currency Account In Nigeria?

A Nigeria multi-currency account lets you keep and send and receive in Nigeria multiple currencies. It is particularly convenient if you need to receive and send money in Nigeria multiple currencies. In addition, it will make it easier to transfer money to and from different countries. And unlike international bank accounts, Nigeria multi-currency accounts can be set up much quicker.

While a foreign currency account can help you expand your business operations overseas, it comes with inherent risks. Currency exchange risks can increase your costs in Nigeria, so it is important to make sure you can handle them safely. To avoid these risks, you should open Nigeria multiple accounts in different currencies and avoid making exchanges. You should also inquire about the availability of foreign currency specialists to help you make unusual transactions and international money transfers.

Is It Worth To Open A Multi Currency Account In Nigeria?

A Nigeria multi-currency account is a good idea if you are a Nigerian business owner who travels a lot. Many businesses are now looking for ways to protect their profits and reduce conversion fees when sending, moving and converting money in Nigeria. A Nigeria multi-currency account is a great way to manage risk while maintaining a competitive edge in the international market. If you are planning a trip abroad, Nigeria multi-currency accounts will be a great option. There are many advantages to using a Nigeria multi-currency account, and many banks are offering them to their Nigerian clients. You can maintain this account with a bank in your home country, or another. Multi currency accounts in Nigeria have many advantages. For instance, it can help you maintain a variety of foreign currencies. It can be useful to keep a small amount of cash in multiple currencies in a multi currency account in Nigeria, as long as you can easily exchange the money when necessary.

Best Nigeria Sending Money Reviews

We list reviews for the best money transfer services for sending money to Nigeria you can check out some of the best Nigeria money services below.

Best Multi Currency Accounts Nigeria Alternatives Guides

If you would like to see Neteller compared against some of the best Neteller alternative Nigeria money tranfer services available right now you can do so by clicking on the links below.