UBA (United Bank for Africa) is one of the leading financial institutions in Nigeria and across Africa, with a presence in 20 African countries, as well as offices in New York, Paris, and London. UBA provides a range of banking services to individuals, small businesses, and corporations, including mobile and online banking, loans, savings, and investments. In this article, we will focus on UBA bank transfer charges, which are an essential consideration for anyone using UBA’s banking services.Information Guide Nigeria
UBA offers several options for transferring money, including online banking, mobile banking, and physical bank branches. Each method has its own associated fees, and we will break down each option and its charges below.
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UBA Bank Transfer Charges
Online Banking:
UBA offers a robust online banking platform, which enables customers to transfer money online from their UBA accounts to other bank accounts within Nigeria and abroad. Here are the fees for online banking transfers:
For transfers to other banks within Nigeria, UBA charges a flat fee of N52.50. This fee applies to all transfer amounts, whether you’re sending N1,000 or N1,000,000.UBA Bank Transfer Charges
For international transfers, UBA charges a flat fee of $10. This fee applies to all transfers, regardless of the amount being sent. Additionally, UBA charges a correspondent bank fee of $25 for transfers to countries outside of Africa and $10 for transfers within Africa. These correspondent bank fees are charged by UBA’s partner banks to process the transaction.14 Best Hisense Refrigerators in Nigeria and their Prices
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Mobile Banking:
UBA also offers a mobile banking app, which is available for download on iOS and Android devices. The mobile app enables customers to transfer money from their UBA accounts to other bank accounts within Nigeria and abroad. Here are the fees for mobile banking transfers:13 Best Black Henna and their Prices in Nigeria
For transfers to other banks within Nigeria, UBA charges a flat fee of N52.50. This fee applies to all transfer amounts, whether you’re sending N1,000 or N1,000,000.NYSC Portal
For international transfers, UBA charges a flat fee of $10. This fee applies to all transfers, regardless of the amount being sent. Additionally, UBA charges a correspondent bank fee of $25 for transfers to countries outside of Africa and $10 for transfers within Africa. These correspondent bank fees are charged by UBA’s partner banks to process the transaction.105 Good Morning My Love Messages
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Physical Bank Branch:
Customers can also transfer money from their UBA accounts by visiting a UBA bank branch. Here are the fees for branch transfers:
For transfers to other banks within Nigeria, UBA charges a flat fee of N105. This fee applies to all transfer amounts, whether you’re sending N1,000 or N1,000,000.200 Romantic Love Message For Her
For international transfers, UBA charges a flat fee of $25. This fee applies to all transfers, regardless of the amount being sent. Additionally, UBA charges a correspondent bank fee of $25 for transfers to countries outside of Africa and $10 for transfers within Africa. These correspondent bank fees are charged by UBA’s partner banks to process the transaction.
It is important to note that these fees are subject to change, and customers are advised to confirm the current fees with UBA before making any transfers.JAMB Portal
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Conclusion:
In summary, UBA bank transfer charges are relatively competitive when compared to other Nigerian banks. The fees for online and mobile banking transfers are the same, while transfers made at a UBA bank branch attract a slightly higher fee. Additionally, UBA charges correspondent bank fees for international transfers, which vary depending on the destination country. As a UBA customer, it is important to be aware of these fees and to factor them into your transfer amounts.
Overall, UBA’s transfer fees are transparent, and there are no hidden charges or surprises. UBA’s online and mobile banking platforms offer a convenient way for customers to transfer money quickly and easily, while physical bank branches provide an alternative for those who prefer to make transfers in person.
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