When you are planning to send money to Nigeria, there are some aspects of your must-have information. It is essential because it will save you from instant troubles you face.
The priority that everyone does to send money online. That is finding a trusted money transfer service.
Here are some tips for selecting a money transfer service:
Do not use a money transfer service that is just mentioned by any other. Or he or she tells you that they have heard about it. Do you proper research while selecting a money transfer service. After all, it is a matter of your finance-related things. When you find a reputable money transfer service, check that it is secure to money transfer to Nigeria. The most important thing, you should check their rating, reviews and comments about their service because it is a feedback process about their service.
Fee and exchange rate
Yes, it is one of the primary concerns of any sender to send money globally. The price must be checked in advance to avoid any unhappy surprise. The more critical thing checks for their fee structure transparency.
Another thing is the exchange rate. Exchange rate ensures at which price your money is exchanging to other currency. Make sure the exchange rate must be closer to the mid-market rate. If it is closer to the mid-market rate, it means you are getting a higher exchange rate.
One thing to consider never falls on the low fee. May these services be providing inversely proportional relation between cost and exchange rate. It seems most of the money transfer company if providing higher exchange rate their fee is also high. If their service charge low fee than they give you a lower exchange rate. Must fund a service that gives you a higher exchange rate in return of lower-cost charged.
Transaction turnaround time:
As a sender to send money online, you must look for the transaction completion time. If you visit their website and cannot find it, ask their customer service. Usually, you can see on the money transfer service that their completion time is the same day, one day or two days.
Service coverage area:
One of the most important things and it must be your priority to check if your recipient is living in not very population or poverty area. If you do not look for it and set up all other things then, in the end, you will find out that they are providing service to send money from online money transfer app to direct in recipient’s bank account
Transaction conveying methods:
It may be not a very important thing when you are sending money in typical situations. But what about when the case is severe or urgent. Then there is a need that you must know it. Usually, the money transfer service helps you to send money in Nigeria in two ways. These are cash pick up and directly into the bank account transfer.