How To Send Money To Nigeria?
How to send money to Nigeria is a fairly straightforward process whatever provider you use. Follow these steps to get started:
Step 1: Compare providers to find the best service for you
The cost of your international transfer to Nigeria can vary greatly depending on which provider you use, so comparing all the options available to you should be your first step. Our comparison form provides an unbiased, transparent look into the best money transfer providers for you, comparing rates, fees, transfer times, and more.
Step 2: Register with your chosen provider
Most providers will be completely free to sign up, simply requiring your name, address and contact information. You may also need to upload a picture of a valid photo ID to verify your identity. It’s important to make sure that the provider you are using does actually support transfers to Nigeria from the country you are located in.
Step 3: Start your transfer
Set up your transfer by providing your recipient’s information (name, contact details, and bank account information if you are selecting this payout method), the sum you are sending, the currency you are converting to, and your payment details. You should be given an estimate of how long your transfer will take to reach your recipient.
Ways To Send And Receive Money In Nigeria
There are multiple ways to easily send and receive money in Nigeria but these will largely depend on the provider you decide to use. Below you will find everything you need to know about the best way to send money to Nigeria.
Ways to Send Money to Nigeria
If you want to send money to your family, relatives, and friends in Nigeria, there are several options available. You can use bank transfers, online money transfers, checks, and money orders.
Online Money Transfer
An online money transfer is often the fastest, simplest, and cheapest option to use when transferring money to Nigeria compared to using a bank or money order.
Senders have the option of transferring money from the website, mobile apps, or deposit cash from physical stores, with some providers even utilizing platforms such as Facebook messenger for an even more seamless user experience.
To send money to Nigeria through online money transfer services, you’ll have to first sign up for a free account. Through your account, you can choose to send money via a bank transfer, or by paying via credit/debit card or cash.
Once your account is set up, you can use any of the options below to move your money across to the recipient (although not all providers will offer all of these options):
Transfer to bank accounts – Bank transfers require the recipient to have a bank account you can transfer to, and you’ll need to have details such as their bank account number or sort code to hand.
Cash pickup – If the provider has an agent location accessible to your recipient, you can opt for this service. For instance, Western Union has 5,000 locations across Nigeria. This can be an excellent way of easily getting your money to your recipient if they do not have access to a bank account.
Transfer to a mobile wallet –Providers like Xendpay and TalkRemit offer transfer services to the mobile wallets of your beneficiaries in Nigeria. Mobile money is particularly popular in Nigeria because of the expense and difficulty accessing bank accounts, so is definitely an option to consider as the fastest way to send money to Nigeria.
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