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FirstBank Slashes Moneygram Service Charges

FirstBank has revised downward all charges on money transfers abroad through the MoneyGram service, reducing its service charge on the ‘Naija Send’ service to as low as N1,500.

According to the bank, the gesture is a demonstration of its commitment to ensuring ease, convenience and affordability for its customers.

Specifically, the bank sees the reduced charges for all MoneyGram services by it as handy and apposite in bringing the customers and their loved ones closer as they do not need to worry about high cost of sending money to family and friends living abroad.

Commenting on the reduced service charges by the bank, the Group Head, Products & Marketing Support, Mr. Abiodun Famuyiwa, pointed out that “outbound money transfer through FirstBank is the way to go in sending money to loved ones abroad as the money sent can be picked up within minutes either as cash in the currencies of the destination countries or as a direct transfer to beneficiary’s bank account over there.”

He explained further that there were no hidden charges as the beneficiaries get the exact transfer equivalent in the destination country.  For instance, when N355,000 is sent abroad, the beneficiary gets exactly $1,000. The money is received in the currency of the destination country. In addition, there is no risk of buying fake currencies.

MoneyGram services are available at over 750 of the bank’s branches nationwide. The bank also has dedicated money transfer branches that open every day of the year including Saturdays, Sundays and public holidays.

FirstBank is the leading agent bank for MoneyGram in Nigeria and has been recognised for its increased transaction volume among other agent locations.

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