If you want to do a money transfer to Nigeria in Peckham, you have a few options. You can put the funds in the post, but that’s time consuming and risky. Instead, you should do a digital transfer. Here’s a look at the three main options and the pros and cons of each of them.
Online Wire Transfer
You can do a wire transfer from your current account to your relative’s account. To get started, go on your bank’s website and look for the option to transfer funds. This is usually referred to as a SWIFT transfer.
At that point, you may be prompted to sign into your current account, but in some cases, you need to sign in before you start the transfer. Finally, you need to put in details from your relative’s bank account in Nigeria. Typically, you need the name of the bank, the name of your friend or relative, the bank account number, and the international SWIFT code for that bank.
These transfers take anywhere from one to five business days and sometimes even longer. You also pay a fee for each bank that processes the transfer. If there’s not a direct connection between your bank and your relative’s bank, the money may have to go through several banks, and each one may charge you. That can add up.
In-Person Wire Transfer
Another way to do a money transfer to Nigeria in Peckham is to do it in person. This process is basically the same as above but you have to go to your bank branch.
Make sure that you bring all the details about your account as well as some identification. Also, bring the details about the account where you want to send the funds. This process also takes one to five business days, and besides that, the main downside is that you have to leave your home and stand in a queue.
Online Money Transfer to Nigeria in Peckham
In the past, the banks were the only option for money transfers. Now, there are actually services focused completely on international money transfers. With Ping Express, you can do the whole transfer from your phone or computer.
You simply choose your country. For example, if you live in Peckham, you choose the UK. Then, you choose the destination—that’s Nigeria in this case. Finally, you enter how much you want to send and you pay. You don’t have to use a bank account. If you like, you can pay with a credit card or a prepaid debit card.
There are a lot of benefits to using a company like Ping Express to do a money transfer to Nigeria in Peckham. In most cases, it’s cheaper. It’s also faster. Your friends or relatives in Nigeria can get the money in as little as 30 minutes. As an added bonus, you don’t just have to send money. Missing talking to your loved ones? You can send minutes to their mobiles as well.
What are you waiting for? If you need to do a money transfer to Nigeria in Peckham, it’s time to use Ping Express. Start sending money online, or download the app. That way, you can save your details, and it will be even faster the next time.