How to send money to Nigeria instantly with Wise (Transferwise)

If you are looking for ways to send money to Nigeria, then you can do that instantly with Wise, formerly known as Transferwise. In the past, sending money to Nigeria was a very stressful venture to embark on. As you will have to send through a third party traveling to Nigeria or send through Western Union or Moneygram and the receiver will have to go to the bank with documents to claim the money. With Transferwise, you can send money to Nigeria and the receiver will get the money fast and directly into his or her bank account. No need to go anywhere!

What is Wise?

Wise, formerly known as Transferwise is an online money service launched in the UK in 2011. It is available worldwide. And through it, you can send money from almost every country to Nigeria without stress.

Perhaps, the most outstanding thing about Transferwise is that it is many times cheaper than a bank. Yes, sending money through transfers has been proven to be many times cheaper than a regular bank. They achieve this by using two local transfers instead of one international transaction.

The company first gained public attention when American billionaire and founder of Virgin Group, Richard Brandson was publicly interested in investing in the company. It has grown to become the fastest, cheapest, and most reliable way to send money.

Advantages of sending money with Wise (Transferwise)

There are many advantages to consider when you chose to send money to Nigeria with Transferwise.

Transferwise uses a real-time exchange rate. The same rate you see in Google and other sources is what transfers is using. No shortchanging.

They deliver your transfer directly into the bank account of the recipient in Nigeria within 24 hours. 25% of transfers are credited within minutes.

The truth is, they are generally cheaper than sending through banks or any other transfer service out there.

Transferwise is used by more than 3 million people around the world.

Tansferwise is 100% safe and they are regulated by the Financial Conduct Authority, just like a UK bank.

How to send money to Nigeria using Wise (Transferwise)

Follow these steps to send money to Nigeria with Wise:

1. Create a free account

The first step to sending money through Transferwise is to create a free account. Click here to sign up with Wise

Creating an account is free. The person that you are sending money to does not need to have an account. Only you the sender need an account.

Sometimes, you may be required to do the verification. That is not always the case but it should be easy if you are asked to and will take a maximum of 2 days.

You can register as an individual, if you wish, you can add your business.

2. Enter your recipient details

After you have set up and are ready to send. You simply enter the details of the recipient. You can send money to your family, friends, business partner, you can even send money to yourself (maybe you want to transfer some money to your Nigerian bank account).

Enter the account number and all details. That is all. Your recipient does not need to open a Transferwise account to receive money.

3. Pay for your transfer

You can now pay for your transfer. Payment is very easy. There are many options. You can pay with your credit or debit card,  you can also pay via local bank transfer. Other options are depending on where you are sending from.

It is advisable to pay with a credit or debit card if you want to send the money fast. Bank transfer might actually take some time before the fund gets to Transferwise to send money.

4. Relax and wait

That is all. Your payment is ready to go through. If you provide the email address of your recipient, they will immediately be informed of the transfer.

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