Guys, I urgently need your help. The recent CBN ban on ATM transactions abroad has seriously affected my forex trading business so much so that I cannot fund my account with my debit card anymore.
Few days to christmas, I withdrew an amount of money from my account to enable me celebrate the yuletide season leaving behind a little amount that I intend to refund after the holiday. But, this latest CBN Policy has made it impossible for me to fund my account.
Pls, I earnestly seek your advice on how to go about this. Better still, is there anybody that can assist in funding my account while I pay the person in naira. Thank you

I thought there was no ban but the amount to spend is restricted

intbizoil:
I thought there
was no ban but the amount to spend is restricted

I called my bank yesterday to find out why my online debit card transaction was denied but I was told they were given directive to suspend all foreign debit transactions which include debit card transactions which is the reason why I created this topic.
Pls anybody with useful suggestion on this matter is welcomed

Which is ur bank? I use access visa card. Daily limit of 100$ though

Hello house, please has anyone being able to use their card for online transaction? Thanks

Yes use UBA prepaid visa card. But remember you must open a savings account with them first. Then apply for a " visa prepaid card."

eezor:
Which is ur bank? I use access visa card. Daily limit of 100$ though

Did you use your card recently and how did you fund your account?
I've used access visa card until they recently restricted customers from making dollar deposits unless it is by transfer. So, I abandon the card and got a UBA Visa Classic Debit Card domiciled in naira which I had been using until this problem started. Right now, I'm disabled from using the card for paying in dollars abroad via online

this is getting serious

Transfer via Paypal is available at good rate for your international payments.

Tested, Trusted, Reliable and GUARANTEED

Philip2biz@gmail.com

Seconded! Using paypal is nice Or use bitcoin if your forex platform accept bitcoin.

Dont think so because i transferred money to someone in the US using paypal and the charges was so disturbing 150 dollars was 31,685 + Fees 12,186= 43,871 in Naira equivalent

philip7:
Transfer via Paypal is available at good rate for your international payments.

Tested, Trusted, Reliable and GUARANTEED

Philip2biz@gmail.com

Dear Nairaland Members,

How do one transfer money to someone in the US with less charges, just did pay pal and the amount was so disturbing 150 dollars was 31,685 + Fees 12,186= 43,871 in Naira equivalent

samtobi:
Seconded! Using paypal is nice Or use bitcoin if your forex platform accept bitcoin.

Pls anyone with useful suggestion should come forth and help a brother out. CBN is trying to mess up my only source of livelihood

tojos:
Pls anyone with useful suggestion should come forth and help a brother out. CBN is trying to mess up my only source of livelihood

E-currency is the best option for you. We have reputable agents around. I want to believe your broker use ecurrency like pm, bitcoin, STP, okpay.

There are other payment methods. Check if ur broker accepts neteller. Neteller is very reliable.

kaykad:
Dear Nairaland Members,

How do one transfer money to someone in the US with less charges, just did pay pal and the amount was so disturbing 150 dollars was 31,685 + Fees 12,186= 43,871 in Naira equivalent

one of the major reasons for the high rate is due to the continues disparity btw naira to dollar and it restriction. The best optn rite nw is tru exchanges houses-we have reputable ones here on nairaland. All you jst nid is to open a perfectmoney acount, and d person u'r sendy to, shud also do dsame, and the d exchanger sends d money into ur pm act, whch u later snd to ur d other party. Or the exchangers can send d money directly to ur frnd acct after givn dm his dtails. This also applies to using bitcoin.

kaykad:
Dear Nairaland Members,

How do one transfer money to someone in the US with less charges, just did pay pal and the amount was so disturbing 150 dollars was 31,685 + Fees 12,186= 43,871 in Naira equivalent

Bros please explain better.
How come paypal charged you so much fee.
I know paypal fee to be between 3.5%-4.4% of the amount your sending, dependent on the country.

Anyway, if you need paypal fund or send money to your supplier, you can check my signature, I will do that at a good rate

Ganjafama:
There are other payment methods. Check if ur broker accepts neteller. Neteller is very reliable.

neteller is now shiit

godoluwa:
neteller is now shiit

Pls throw more light on this.

Ganjafama:
Pls throw more light on this.

lots of irregularities about their service. Go to facebook & search NETELLER to see loads of bad comment about their services.

Have already explained it Bro, for more explanation, i opened a paypal account with my uba debit card, got the receiver email address, money sent and i got a debit alert of the amount stated. how real are you cos i no dey trust person like dat. i need to see you face to face if we need to do business.

capspeter:

Bros please explain better.
How come paypal charged you so much fee.
I know paypal fee to be between 3.5%-4.4% of the amount your sending, dependent on the country.

Anyway, if you need paypal fund or send money to your supplier, you can check my signature, I will do that at a good rate

kaykad:
Have already explained it Bro, for more explanation, i opened a paypal account with my uba debit card, got the receiver email address, money sent and i got a debit alert of the amount stated. how real are you cos i no dey trust person like dat. i need to see you face to face if we need to do business.

I understand bro. This is naija.
If your in Lagos we can always meet up.
My contact is @my signature.
You can also check out my thread on the paypal payment.
https://www.nairaland.com/2848314/700usd-paypal-fund-n235-sold

I Am A Forex Trader Too, Here Is A Way Out. Open Forex Naira Account Then Deposit To Your Naira Account And Transfer It To Your Dollar Account That Is Simple.

mohlanforex:
I Am A Forex Trader Too, Here Is A Way Out. Open Forex Naira Account Then Deposit To Your Naira Account And Transfer It To Your Dollar Account That Is Simple.

That's nice, but at what exchange rate will they credit your forex account?
Maybe it's time to revive my forex account back

mohlanforex:
I Am A Forex Trader Too, Here Is A Way Out. Open Forex Naira Account Then Deposit To Your Naira Account And Transfer It To Your Dollar Account That Is Simple.

which one is forex naira account? do you open that with your bank or broker?

Who is your broker? Well, for brokers like InstaForex, you don't have any problem. Register with them: www.instaforex.com?x=FTDL
You can fund with Bitcoin or via the local partners at the cheapest rates. Checkout this their local partner: www.instafxng.com.
Happy Trading!

mohlanforex:
I Am A Forex Trader Too, Here Is A Way Out. Open Forex Naira Account Then Deposit To Your Naira Account And Transfer It To Your Dollar Account That Is Simple.

Where can one open this Forex Naira account in Nigeria? Never heard of it before. Anyway, if its possible I won't mind to open one no matter the exchange rate.

kaykad:
Dear Nairaland Members,

How do one transfer money to someone in the US with less charges, just did pay pal and the amount was so disturbing 150 dollars was 31,685 + Fees 12,186= 43,871 in Naira equivalent

I can help you send through moneygram if the person is a legal resident

kaykad:
Dear Nairaland Members,

How do one transfer money to someone in the US with less charges, just did pay pal and the amount was so disturbing 150 dollars was 31,685 + Fees 12,186= 43,871 in Naira equivalent

I can help you send through moneygram if the person is a legal resident.

i did it at exness forex broker www.exness.com open naira and dollar account, make deposit to your naira account and transfer it to your dollar account and start trading.