If you are living away from your family living in Nigeria and want to send money back for financial support, then you can take help from this article. Here are some steps you can follow if you want to send money to Nigeria:
Step 1: Check what is NGN mid-market exchange rate against your sending currency?
It is a fact that currency market is unforeseeable. It would be better to keep an eye on fluctuations in exchange rates so that that you can maximize the Naira your beneficiary receives after transfer. Have a check on mid-market exchange rate and then decide what favorable time to validate the transfer is.
Step 2: Compare all other money transfer options available
A lot of money transfer services providing companies work in Nigeria. Select those that work on both in Nigeria and your country. Compare them and choose that best company for you that offer good exchange rate and charge low transfer fees.
Step 3: What are your personal needs to transfer the money
In addition to transfer fees and exchange rate there all also some other factors that affect your transfer. You should be clear when you want to transfer the money. You need to know if quick money transfer is necessary or it would be fine if money reaches in two or three days at the destination.
Step 4: Get started with your transfer to Nigeria
Visit service provider website and sign up over there. Here they will ask for your ID or address proof. Then you can enter the details about amount you want to send and you can initiate the transfer.
Which money transfer service provider is best for you?
There are so many options for you if you want to send money to Nigeria online. If you want to choose the best provider for you first of all you need to decide what your priorities are and need. Do you want to send it immediately or if it is fine if beneficiary receives it after 3 or four days. Some money transfer service providers cost little high if you want to make an instant transfer. And in which form do you have money, do you have it in your account or in form of cash. After considering needs compare transfer fee and exchange rates offered by different providers, doing this you will be able to know what is best for you. Banks are not good option as they charge hidden fee and offer high exchange rates than traded in
Money transfer service has become a need of most of the people. So if you want to transfer money to Nigeria it would be better to consider online money transfer services. It is suggested to prefer ACE Money Transfer services provider. They have convenient website and mobile application. By having their services you can easily transfer your money to your family friends and loved ones. You can also make business investments. Give them a try and you would not regret it.