My first International funds transfer.

    Hello, guys!

  I apologise, its been a while guys, a lot has been happening and I lost track of time. I promise to be constant henceforth. There has been so much happening around me and I just didn't have the time to blog or even focus on myself. I won't promise to post daily but I will post as often as I can.  Forgive me and Thank you. I hope you all have been well?


            Today's post is actually about a personal experience,  my experience with the frustrating Nigerian Banking system. The most frustrating experience I've had this month, not entirely their fault but a lot could be done to ease the process. I'll just share a LITTLE bit of the story.


    I needed to transfer funds to Ghana URGENTLY and I had no idea how (It was my first time), so I approached my bank and informed the customer care about my intentions, I had no Dom account (Domiciliary Account)  to do a direct transfer so they suggested using a "FORM A".

   
    A "Form A" is basically used to send money, it's a forex thing (that's how best I can explain it fam) I was using this for the purpose of paying school fees. The "FORM A" would be provided and you would have to fill in your particulars, the beneficiaries particulars, phone number, the purpose of sending the funds, the amount being sent and other little details.

 
     I had to produce an ID card, in this case, I brought my international passport, a copy of the schools' bank letter, a copy of the admission letter, wrote a letter to the branch manager permitting them to debit the Naira equivalent of the stated sum I was told the next day I would be debited but failed to ask when the recipient would receive, because I felt as soon as I got the debit alert it would have gotten to them, I WISH!!.

 
     I had to go there a week later because they hadn't received it yet to get a TELX, which is like a receipt and can also be used to track the funds. I sent it to them and the next day I an email saying they got the money but it was $35 short....AYE!

     
     So not only did I miss the deadline my transfer was cut short and I wasn't even informed at the bank or I would have increased the amount I sent to make up for the charges.

LESSON: ALWAYS ASK,  ASKKK DAMN QUESTIONS!! DOSNT MATTER WHAT.

    It's important to know what you are getting yourself into and yes I had to fill "Form A" again and might be doing so till I get a DOM account.



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