Best answer: How much does WorldRemit charge to send money to Nigeria?

How much does WorldRemit charge to send money?

The transfer fee can range from $3.99 to $24.99 depending on various factors such as the currency, country, amount, and delivery option. WorldRemit offers exchange rates that are much better than what banks offer.

How much does it cost to send money to Nigeria?

To send money in USD to Nigeria, you pay a small, flat fee of 6.51 USD + 0.59% of the amount that’s converted (you’ll always see the total cost upfront).

How much can I send through WorldRemit to Nigeria?

How much can I send for cash pickups to Nigeria? You can send a maximum of USD 5,000 per transfer. There may be lower limits depending on the country from where you are sending the money, along with the payment method used for the transfer.

Can I send money from USA to Nigeria using WorldRemit?

With WorldRemit, you can send money to Nigeria from the USA; money that your loved ones will be able to access within minutes.

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Is WorldRemit cheaper than Western Union?

*WorldRemit is on average 22% cheaper against Ria, Western Union and Moneygram (when sending USD200). Comparison based on the average global aggregate cost to send using data sourced from the World Bank for Q1 2020.

How can I send money internationally without fees?

To transfer money overseas without paying hefty fees:

  1. Create an account with OFX to get a live quote on the exchange rate.
  2. Enter your bank details and those of your recipient.
  3. Lock in your single transfer, or set up recurring transfers.
  4. Send OFX your funds and track your money every step of the way.

Is it illegal to send money to Nigeria?

Yes. Following November 2020 decision by the central bank, money transfer operators sending money into Nigeria were heavily restricted and only permitted to issue remittances to the country in US dollars. Since then, only a small number of operators are authorised to handle transfers to Nigeria.

What is the best way to send money to Nigeria?

If you want to send money to a bank account in Nigeria, we recommend using a specialist currency provider. If you’re transferring under $300 or equivalent, your best options include WorldRemit, TransferWise, Xoom or MoneyGram.

Where can I send money to Nigeria?

Western Union makes it easy to transfer money to a bank account in Nigeria. While we don’t “wire” your transaction, the money can be sent directly from your bank account to your loved one’s account in Nigeria.

How do I send money to WorldRemit from Nigeria?

Add your recipients’ details or choose from a list of people you’ve previously sent to. Choose how much you want to send to Nigeria. You’ll see our low fees and exchange rate upfront. Add your recipients’ details or choose from a list of people you’ve previously sent to.

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Can I receive money with WorldRemit in Nigeria?

Both you and your sender will receive a WorldRemit reference number and PIN after your sender completes the transaction on the WorldRemit app or website. To pick up your cash, go to any of our partner banks: Access, Fidelity, FCMB, FirstBank, GTBank, Polaris, UBA, Union Bank or Zenith Bank.

What’s the limit on WorldRemit?

You can send a maximum of $9,000 in 24 hours and $5,000 per transaction for debit, credit, or prepaid cards. You can submit a maximum of $9,000 in Apple Pay payments within 24 hours and send a maximum of $300 per transaction. WorldRemit lists all fees and exchange rates before you execute each transaction.

How do I transfer money to a Nigerian bank account?

You can send money to a Nigerian bank account in three simple steps.

  1. Select the type of service you want. You can choose a money transfer to the recipient’s bank account, or an airtime top up. …
  2. Tell us where you want the money to go. …
  3. Tell us whether you want to pay with your debit card or ACH, and provide the details.

Does Zelle work in Nigeria?

No, Zelle is available only in the US. The company allows sending money from one US bank account to another. Both the sender and the recipient must have US bank accounts. But you can always use Monito to find the cheapest option to send money abroad from the US.

How do I collect money from WorldRemit?

To withdraw funds:

  1. In the Wallet tab of the WorldRemit app, select one of the currency account tiles you’d like to withdraw money from.
  2. Select Transfer.
  3. Select Withdraw along with your preferred pay out option (ie how you want to receive that money). …
  4. Select the amount you want to withdraw.
  5. Select Withdraw now.
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