Polaris Bank has commenced payment of US dollars to all beneficiaries of money transfer across all its branches in Nigeria.
According to a notice from Polaris Bank sent to its customers on Sunday, December 6, beneficiaries of money transfer can now receive their remittance in US dollars in cash or directly into a domiciliary account in the Bank. The service is also open to both account and non-account holders alike.
This amendment to the payout policy is in line with the Central Bank of Nigeria’s recent directive which allows recipients of money transfer from anywhere in the World to receive their funds in US dollars from any branch of the Bank in the country.
Polaris Bank’s Group Head, Product and Market Development, Adebimpe Ihekuna, further disclosed that all beneficiaries are able to receive their funds conveniently in dollars within minutes with a valid identification, including BVN.
