TOPIC

Filling A Remittance Form (Estacodes)

PURPOSE

This form is used by an Individual or Company that requires foreign exchange to pay for Services outside Nigeria.

PROCESS

  • Applicants login into the applicant portal and click on the Transaction category. See figure below

FIG 1: Select the Transaction purpose

 

a. Select Travel and Tourism

 

  • Click on Transaction Purpose

a. Select Estacodes

 

                  3.  Applicants must fill all the required fields properly before moving to the next stage.

                                Valid for FOREX as YES

b. Fill out Bank Details 

c. Attach Documents

 

 

            4.Applicants must fill all the required fields properly before moving to the next stage. 

 

         5. After Applicant fills all the fields, he/she submits a Form.

USE CASE SCENARIO

  • An individual/Company wants to pay for Travel/Vocation services in Spain.
  • The individual logs into the TRMS portal and clicks on Form A to start an application.
  • Individual clicks on the Transaction category.
  • Select Travel and Tourism
  • Clicks on Transaction Purpose and selects Estacodes
  • The individual input all the required information. See figure below

FIG 2; inputting the required information.

  • Once submitted the individual receives an email notifying him/her that their form has been submitted.
  • The bank processes the application or rejects it.