Transporting money from one place to another is one of the easiest thing to do in the world today. However, when it the transaction involves two countries, it becomes complicated. In this sense, we can become frustrated if we can’t reach out to them in time. This can lead to desperation thereby inviting an illegal transfer from a “scam” to set in. That is why we are advised to be careful in everything we do so that we do not fall a victim of this money tragedy.
With that said, do you have a problem sending money from the USA to your love ones in Nigeria? Worry no more, we’ve got you covered. This article highlights some of the easiest and legal way one can send money from the USA to Nigeria without stress or fear of the Unknown.
- Remitly
It accepts credit and debit cards which means money can be sent within minutes. Using Remitly means you can send any amount to family, friends, and loveones abroad at a cheaper rate. Here, you can also make payments on via the Remitly website or mobile app.
Transfer Fee: The fee for “Economy” is $2.49. Their “Express” fee ranges between $3.99 and $19.99.
How it works
Log into the Remitly website.
When you’re ready for payment, just type your name as required, card number, expiry date and other card verification details. The option for Bank transfers or SWIFT payments are also available to send money from the US.
- Wise (formerly known as TransferWise)
With Wise you will have the best exchange rates because they offer the same market rate you see on XE on Google and they do not add any hidden exchange rate markups and charges.
How much does it cost?
Transfer Fee: 1.33 USD + 0.61% of your amount.
Exchange Rate: They have the best possible rate (google rate) available. Again, they do not use a margin.
Additional Fees: Bank debit (ACH) is the cheapest; then bank wire transfer; followed by debit card and credit card.
- Ping Express
With Ping Express, the process is much easier than you might have imagined. You can use Ping Express with smiles if you follow these steps:
- Three Easy Steps to use Ping Express
Select the type of service and amount you want to transfer. When that is done, Choose a money transfer option up. Enter the amount you want to send. From there you will be able to see the exchange rate and fees before you complete your transaction.
Select location: Here you’re expected to select the country and the details of the person and the bank account you’re sending the money to.
Chose payment options- debit card or by ACH-your transaction. Your beneficiary should have access to the money in their bank account within minutes.
As mentioned you can encounter fraudsters or scammers, hence the need to know the CBN licensed International Money Transfer Operators. Here is the list:
- AFTAB CURRENCY EXCHANGE LIMITED
- AZIMO LIMITED –
- BELYFTED LIMITED –
- CAPEREMIT UK LIMITED
- CASHPOT LIMITED –
- CENTREXCARD LIMITED –
- CHIME INC. –
- COLONY CAPITAL LIMITED
- CP EXPRESS LIMITED –
- DT&T CORPORATION LIMITED
- eTRANZACT LIMITED
- FIEM GROUP LLC DBA PING EXPRESS
- FIRST APPLE INC
- FLUTTERWAVE TECHNOLOGY SOLUTIONS LIMITED
- FORTIFIED FRONTS LIMITED
- PAY LIMITED
- FUNDS & ELECTRONIC TRANSFER SOLUTION
- FUNTECH GLOBAL COMMUNICATIONS LIMITED
- GLOBAL CURRENCY TRAVEL & TOURS LIMITED
- HOMESEND S.C.R.L
- IDT PAYMENT SERVICES INC.
- IMMUEUBLE WARI LIMITED
- INTERSWITCH LIMITED
- MAKEBA INC.
- MONEYGRAM
- NAIRA GRAM LLC operating in Nigeria as NGN GRAM LIMITED
- NIGERIAN POSTAL SERVICE (NIPOST)
- NOUVEAU MOBILE LIMITED PAGATECH LIMITED
- PAYCOM NIGERIA LIMITED
- PAYPAL INC
- REMIT HUB CAFÉ LIMITED
- REMITLY INC
- RIA FINANCIAL
- SHIFT FINANCIAL SERVICES LIMITED
- SIMPLIFY INTERNATIONAL SYNERGY LIMITED
- SMALL WORLD FINANCIAL SERVICES GROUP LIMITED
- TCF LIMITED
- TRANS-FAST REMITTANCE LLC
- TRANSFERTO MOBILE FINANCIAL SERVICES LIMITED (THUNES)
- VENTURE GARDEN NIGERIA
- VOLOPA FINANCIAL SERVICES (SCOTLAND) LIMITED
- VTNETWORK LIMITED
- WEBLINK INTERNATIONAL LIMITED
- WESTERN UNION
- WORLDREMIT LIMITED
- XPRESS MONEY SERVICES LIMITED
- XPRESS PAYMENT SOLUTIONS LIMITED
With these operators you are sure to that your money will arrive at its destination without any issue or excuse. This is also applicable to those sending money to their loved ones in Nigeria from USA.
With that said, we are sure sending money from the United States of America to your family and friends, including your enemies in Nigeria shouldn’t be an issue, at least not anymore.