It’s that time of the year again where we show kindness and love to those we care about. It’s the season to be merry and celebrate seeing the end of another year despite the ups and downs.

For many, 2021 went by in a blur. It seems like we only just got out of 2020 and, here we are, getting ready to welcome 2022. Without any doubt, the spread of COVID changed things for many of us. One of these effects is that it forced us to re-imagine how we relate to our loved ones.

Perhaps, one of the most important lessons we learned in 2021 is to cherish the ones we care about and always let them know. Regardless of distance and time spent apart, we can always reach out to our loved ones and relatives and connect with them.

The Gift of Money

One of the meaningful things about this period is what Christmas and the holiday season signify: love, kindness, and bearing gifts. Even though many would love to travel from far, just like the wise men, to give gifts to those they cherish, the current state of things may not permit it.

At Grey, we have made it possible for you and many others to connect in meaningful ways with family. For those who wish they could find a secure and easy way to send money from abroad to their loved ones in Nigeria, I’ll show you out to do that in straightforward steps on Grey.

How to Send Money to Nigeria From Abroad

Since the introduction of virtual foreign accounts on Grey, Nigerian talents with remote international jobs are not the only ones who have found it easy to receive Pounds and Euros from abroad. Another set of people who have made Grey their first choice is those in the diaspora.

You no longer need to worry about how your family will conveniently receive the money you want to send and convert to Naira instantly.

Read also: Different Types of Banking: Pros and Cons

Here’s how it works:

Grey is a platform that allows Africans to create foreign bank accounts (USD, EUR, and GBP), receive money into these accounts from anyway in the world, and convert to their local currency instantly so they can withdraw it.

To send money to someone in Nigeria using Grey is even simpler. The recipient only needs to:

1. Create a Grey account: This takes less than 3 minutes. All they need to provide are their basic details.

2. Verify identity: KYC (Know Your Customer) verification is a requirement that verifies the identity of a user and protects their account.
3. Request for a virtual account: Grey offers virtual US Dollar (USD), Euro (EUR), and British Pounds (GBP) accounts. You can request any of these accounts.

It takes about 3-5 days for your virtual account to be created after you request one. Once the account has been created, you can now send money into their new virtual account as they’ll be able to provide you with all the information you need, including sort code and IBAN as the case may be.

(We’ve outlined the simple process of receiving money into Grey virtual accounts in this article.)

What Currencies Can You Send To a Grey Virtual Account?

You can create USD, GBP, and EUR virtual accounts on Grey. So it depends on where the money is being sent from. This means you can send Pounds from the United Kingdom, Dollars from the United States or Euros from any European country, and your relatives or friends in Nigeria will be able to receive it and convert it instantly to Naira.

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