How To Send Money to Nigeria

Today there are many ways to send money to Nigeria. Most people do not know about all of these methods. That is why people have to pay a hefty amount as a transaction fee and exchange rate. There are banks that most people use to transfer money but to resolve the issue of high exchange rates, and many money transfer companies stepped in Supersonicz. Money Transfer allows sending money to your loved ones swiftly and at lower prices. Here are some of the ways through which you can send money to Nigeria:

Domiciliary Bank Account: -

These are the bank accounts through which you can send money in foreign money, like in the form of dollars and euros. The other person can also withdraw money in that currency. Banks are always considered the safest way to send money. Domiciliary bank accounts can be used to send and receive money. There are two disadvantages of sending money through this.

· As mentioned above, the transfer fee and the exchange rate of banks are high.

· In Nigeria, domiciliary bank accounts can only be used for one type of currency. For example, if you are going to send money in euro, you can only send money in euro. You cannot send money in any other currency.

Western Union: -

Western Union is one of the oldest ways to send money to Nigeria. It is a wire transfer service that allows the customer to send money quickly and safely. Western takes extreme measures to ensure the security of your money. Through western union can send money in two ways:

· You can use their app to send the money. in this way you do not have to leave your house.

· The other way is to directly visit a nearby western union branch to send your money physically.

Cryptocurrency: -

You can also use bitcoins to send money to Nigeria. It is the digital currency through which you can even buy things electronically. You have to convert your money into Bitcoin. To send money, you have to create a wallet. Like a normal money transfer, you can convert the bitcoin into cash easily. There is a private key for each wallet.

· The positive side of using cryptocurrency is that it is highly secure and no transaction fee.

MoneyGram: -

MoneyGram is another way to send money to Nigeria. Through this, you can send money to all around the world. The perks of using MoneyGram to send your money:

· It has many branches at different locations. So, the receiver does not have to go far to receive the money.

· They send money fastly, safely, and with a low transaction fee.

Supersonicz Money Transfer: -

Supersonics is another emerging company that can send your money without any inconvenience. Through Supersonicz, you can send money through debit and credit cards. You can also directly submit cash, and the receiver can receive the cash from any branch.

Conclusion: -

No doubt, all the methods mentioned above are highly reliable. But it is good to confirm after sending the money. You must ask the receiver whether he received the money or not.