The process of sending money to Nigeria from the UK has been made a smooth one as technology advances and we have multiple service providers that are specially designed for this purpose. Be it to support family, pay for services or do business, selecting the right method ensures your funds get sent to the rightful recipient securely and quickly. In this insightful piece, we have put up a detailed guide on how best to send money from the UK to Nigeria and also important factors, top providers and online money transfer companies and how to do a hassle free transfer process.
Why Even Send Money to Nigeria from UK?
Here are few reason which may forced individuals and business to remit money to Nigeria from UK;
Family Support a lot of Nigerians who live in the UK have family back home and that rely on them for financial support for their everyday needs like feeding, education, and healthcare.
Business Transactions: Nigeria is a leading business hub in Africa, and thousands of businesses operating from the United Kingdom send payments to vendors and other service providers.
Investment: many Nigerians in diaspora are usually land lords, business owners, and investors in different sectors within Nigeria
The Odd Stuff: – Charity and Donations Many people donate to charity in the UK and support development projects in Nigeria.
What to look for when sending money to Nigeria
Here are the reasons why you should be careful the next time you choose a money transfer service to make sure your money gets to Nigeria on time.
Currency Conversion – Different providers will give you different exchange rates. Choose a provider that offers some of the most competitive rates to ensure you get as much as possible upon getting to Nigeria.
Domain Transfer Fees: It depends on the provider, but fees can vary greatly. While the more modern services tend to charge a flat fee, older businesses may take a percentage of the transfer itself (often around 2-4%). When comparing fees, select the one that suits your pocket.
Transfer Speeds: You may also prefer one provider over another based on how quickly they can get your funds from one place to another. Still, quicker transfers could mean paying more in fees.
If you have a specific payment method in mind (e.g. bank transfer, credit card, cash), ensure that the provider accepts this form of payment.
When it comes to how the money gets to the recipient – think bank deposit, mobile wallet and cash pick up.
Money Transfer Services to Nigeria from the UK
Best and Reliable Ways To Transfer Money From UK to Nigeria
1. Supersonicz.co.uk
Supersonicz is a top money transfer service that focuses on Africa. Supersonicz proposes competitive exchange rates, low fees and user-friendly platform to send money to Nigeria from the UK. It supports multiple payment types through bank transfers, as well as debit/credit card payments, giving users flexibility and making the crypto exchange an accessible one.
2. Western Union
Western Union – Global Money Transfer Service They provide a whole range of payment and delivery solutions such as bank transfers, or cash pickups. If You Want To Play It Safe – Use Western Union Western Union is probably the most popular household name.
3. MoneyGram
Another popular and well-known service in Nigeria, MoneyGram. They offer competitive rates and a plethora of transfer options. In addition, MoneyGram offers the ability to send money online as well as in a walk-in facility for cash pick-up.
4. WorldRemit
WorldRemit WorldRemit is an online money transfer service which makes sending money to Nigeria a lot easier. They have many payout methods including bank deposits, cash pickups and mobile money. WorldRemit: Great fee transparency and speedy transfer times.
5. TransferWise (Wise)
Wise, previously known as TransferWise is famous for its international transfers at lower costs. They do not hide any fees and provide real exchange rates without charges. Transfers can be made to Nigerian bank accounts which is ideal for people looking for affordable and dependable transfers in Wise.
Send Money to Nigeria: A Step-by-Step Guide
If you are looking to send money to Nigeria from the UK, we have prepared a detailed step by step guide for the same.
Source Step 1 : Select a Money Transfer Service
Choose a money transfer service that best fits your needs Factors to keep in mind include the conversion rate, fees, speed of transfer and user feedback.
Step 2: Create an Account
Account Required: Most money transfer services also require an account to be created. You must have basic details such as your name, address, and ID.
Step 3: Enter Recipient Information
Fill in the recipient’s name, address and account or mobile-wallet information Make sure the content is correct to prevent any delay or trouble.
Step 4: Select Payment Method
Payment method of your choice. This may be a bank transfer, a direct debit card or money. Some may also an alternative payment method like PayPal.
Step 5: Verify Transfer Details
Check the transfer details (The amount, fees, and recipient’s information) And lastly, make sure everything is in order before you decide to move forward.
Step 6: Make the Payment
Proceed to make the payment with your selected method. The money transfer service will then facilitate the transaction and deliver your funds to the recipient.
Step 7: Track the Transfer
The good news is that all services will give you a tracking number or reference code so that you can follow the progress of your transfer. If you need to, share that information with the receiver.
How to Make Money Transfer Easy?
Verify Recipient Data – Recheck and Confirm all Details are Entered Correctly to Avoid Errors,
Delays or Transfer Failings :You can check it faster than a person so you do often for different providers (to get around rates and fees.getWritableDatabase()).
Check your exchange rate: Exchange rates change over time, so by observing the exchange rate consistently, you can transfer money at its highest.
Use Promo and Offer Coupons: Many offering special promos or discounts for New Users/Ist Time transfer_old customer’s.
Educate Yourself: Be aware of changes to laws or alteration to transfer rules regarding your transaction.
Conclusion
Transferring money to Nigeria from the UK does not necessarily have to be complicated. Selecting an appropriate money transfer service using the detailed steps as listed in this guide will enable you to send your money securely and conveniently. Whether you are funding loved ones, doing business or investing, Secure money transfers by Supersonicz. co.uk can offer you Search for: The security and convenience that you will need. Compare options, read up on available information and use promotions to benefit from the exchanges.Transfer wisely when looking at better deals.