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  4. SendWave Money Transfer

SendWave money transfer service allows senders in the diaspora to safely and instantly send money from North America and Europe to numerous countries across Africa and Asia, to family and friends in Nigeria. SendWave has become one of the world’s leading money senders to Africa.

Guaranty Trust Bank Ltd has partnered with SendWave to offer a value-added payment service (Business to Business - B2B, Business to Person - B2P and Person to Person - P2P) to beneficiaries in Nigeria.

Remittances are processed in GTBank via the options below:

  • Naira cash pick up service in any GTBank branch
  • Account deposit service into any GTBank Naira account
  • Account deposit service into any 3rd party bank Naira account

Service Requirements and Benefits

  • Funds must be sent in customer’s account first name and surname
  • Available to all GTBank account holders and non-GTBank account holders
  • Funds are deposited in Naira into an account (GTBank/3rd party banks) or cash pickup
  • Customer must have an active Naira account. (10-digit numeric NUBAN Naira account number)
  • Per CBN’s mandate, the Naira equivalent of proceeds over $200 shall be paid into an account
  • Non-GTBank customers can also pick-up cash over the counter with the required regulatory IDs
  • For cash pick-up transfers, customer must present a valid ID card (BVN, International Passport, etc).
  • The exact amount of funds is received, beneficiary is not charged for fees.