Contemporarily, online money transfers have gained popularity around the world. Safe information handling has further paved the path for success. It is a matter of once-click to send money to your loved ones in another country through digitalization.
When talking about how to send money to Nigeria, you need to have the most convenient way of transferring. The cheapest means can help you save your money through fees and reasonable exchange rates.
Moreover, you can have more money left in the end. Isn’t it great?
Mobile banking apps are a simple and secure way to transfer money to Nigeria. Furthermore, they keep track of remitted money.
Therefore, the transactions are done in the blink of an eye, improving the business environment.
Now, let’s focus on the method to how to send money to Nigeria from the USA.
Points to Consider Before Sending Money to Nigeria
The information below helps you to transfer the money to Nigeria in the best possible way of saving your:
- Extra fees
- Money through reasonable exchange rates
How can I Send Money to Nigeria?
The following points need to be considered for sending money to Nigeria.
1) Conversion Rate
So, how to send money to the USA from Nigeria? First, you need to check whether the naira( Nigerian currency) conversion rate is in your favor. Moreover, this will help you maximize the nairas you are sending.
It is no secret that the currency market is unpredictable, but setting up a smart alert can help you stay updated. Also, the know-how of rates will help minimize your loss.
2) Choose Banking Companies to Send Money to Nigeria
This means that you need to go over the options of online banking to select the best option. The best way to send money is by saving on fees and the exchange rate.
So, the method which provides these perks will be the safest and reasonable way to send money. Some of the companies which highly support the mechanism of transfer are as follows:
- World remit
- Talk remit
3) Choose the Best Option
After reviewing your options and analyzing the pros and cons, you need to make a decision. Consequently, the determinant of the decision must be valid.
You can choose an option that provides the fastest solution, has positive customer reviews and works with the lowest fees.
Also, the option should be easily accessible to you, too, for your specific needs.
4) Sign Up for the Service
Every online banking app lets you become a member by signing up. So, for that purpose, they ask you to provide personal details. The registration on the online portal makes the transfer of money to Nigeria convenient and fast.
Remember, the details you provide should be authentic. The false information will lead to disruption in sending or receiving money from Nigeria.
What is the Best App to Send Money to Nigeria?
Reviewing the available options, talk remit is considered the best app to send money. Furthermore, it is safe, fast, and low cost.
This app allows you a hassle-free method of transferring without queuing up at banks. In addition, cutting-edge technology ensures the security of your money.
How to Send Money From the USA to Nigeria- Steps
Following are the steps used for sending money using this app:
- Firstly, select your payout method
- Then, enter the amount in the provided space
- Select your recipient. You can even save the information of the recipient for future use.
- Confirm the details and send the money
Talk remit can also send your money directly to the bank accounts in Nigeria. It uses a credit card, debit card, or mobile wallet. Some of the banks are listed below.
You can transfer money using Talk remit:
- Access Bank
- CITI Bank
- Diamond Bank
- Ecobank Nigeria
- Union Bank of Nigeria
Talk remit has the most competitive exchange rates. Also, a money-back guarantee gives added benefits. So, whether you are sending money for business purposes or to a loved one, Talk Remit guarantees the benefit with minimized losses.
Can Cash App send Money to Nigeria?
Unfortunately, the cash app does not work internationally.
Cash can only be used in the United States or the United Kingdom. The payment service can be used to pay vendors, merchants, friends, and family but only in the areas mentioned above. So, this app offers no benefits while sending money to Nigeria.
With more apps emerging, it has become easy to send money. In addition, many people make several transactions using the online banking system. This has made a dynamic banking world.
After covering the steps of sending money from the USA. Now, you will be informed of the popular ways to send money to the USA.
How to Send Money from Nigeria to the USA?
You can choose to send money to the USA from Nigeria by the following methods:
- Sending it directly to their bank account in the USA
- Send it to any cash pickup agent locations in the USA
The Best Way to Send Money to a Nigerian Bank Account?
Saving money on fees and exchange rates is the best way to send money. So, the technique that offers these benefits will be the safest and most cost-effective option to send money to Nigeria. Companies that strongly promote the transfer mechanism include World remit, Skrill, Azimo, TransferWise, TransferGo, and Talk remit.
What is the Cheapest Way to Send Money to Nigeria?
At the time of sending money to Nigeria compared to utilizing a money order or bank, the Online money transferring option is usually considered the cheapest, simplest, and fastest way to send money.
Can you Send Money to Someone in Nigeria?
You may want to send money to your family or friends that are working, traveling, or living in Nigeria. Therefore, with the help of WorldRemit, you may send money from the USA to Nigeria. This money can be accessible to your special ones within minutes.
How can a US Citizen Send Money to Nigeria?
The best ways to send money to Nigeria are:
- Best Exchange Rates: Wise (formerly known as TransferWise)
- Paying in Person: Western Union.
- Best Big Brand: Xoom, powered by PayPal. Remitly.
- Remitly: Sending Money to Family and Friends
- WorldRemit: Sending Cash to be Picked Up
Conclusively, sending money has become a piece of cake. Although online banking needs a stable internet connection, today, it is accessible for millions of people.
Moreover, the major perks of online transactions are security and low cost. The customers are always in search of sustainability. So, online banking businesses try to provide benefits that attract a broader customer base.
I hope this article was informative and solved your problems by finding different ways of sending money to Nigeria. So now, what are you waiting for? Follow the steps and expand your businesses to Nigeria, considering simple ways of transactions.
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