Are you looking for ways to send money to Nigeria? You don’t need to look any further; you can send your money through Transferwise. Sending money to Nigeria is very difficult and stressful in the past because you have to send it through someone that is traveling to Nigeria or send it through Moneygram or Western union. The recipient will have to get to the bank with documents in order to claim the money. Transferwise has made life easy for those who want to send money to their loved ones in Nigeria. With Transferwise, the recipient does not have to claim the money in the bank, the money will be deposited directly into the receiver’s bank account.
What is Transferwise?
Launched in United Kingdom in the year 2011, Transferwise is online money service through which you can send money from nearly every country to Nigeria.
The advantage of using Transferwise is that it is far cheaper than the bank. Of course, it has been proved that it is cheaper to send money through Transferwise. This is achieved through the use of two local transfers rather than one international transfer.
The company first gained public recognition when Richard Brandson expressed his interest to invest in the company publicly. Richard Brandson is a well known American Billionaire and founder of virgin group. Transferwise has grown to become the easiest, fastest , and the cheapest way to send money.
What is the Advantages of Sending money with Transferwise?
There are lots of benefits you stand to gain when you decide to send money via Transferwise. Some of the advantages are stated below:
- They make use of real time exchange rate. Transferwise uses the same transfer rate you see in Google as well as other sources.
- Transferwise deliver the transferred fund directly into the recipient bank account. This is done within 24hours
- Transferwise is cheaper than sending your money through local banks.
- More than three million people use Transferwise
- Transferwise is regulated by Financial Conduct Authority, so they are 100% safe
How to send Money to Nigeria Using Transferwise
To send money to Nigeria via Transferwise, follow the steps given below:
- Create a Free Account
This is the first step required when sending money to Nigeria using Transferwise. Account creation on Transferwise is free and the advantage here is that the person that you are sending fund to does not need to have a Transferwise account.
You can register on Transferwise as an individual and you can also decide to add your business.
- Supply the Detail of your Recipient
The next step after account creation is to enter the details of the recipient. You can sand money to anyone using Transferwise, all you need to do is enter their account number and other required details.
- Pay for your Transfer
At this stage, you can now pay for your transfer. This is very easy to do. There are numerous option available, you can pay via your credit or debit card, you can also pay through bank transfer.
- Relax and Wait
The last stage is to relax and wait for your receipt to receive the money. If you supply the email address of the recipient, they will be notified via email once the transfer is completed