When you’re living abroad, you need to find the best way to send money to Nigeria from USA. Surprisingly, there isn’t really a one-size-fits-all solution. The right method for you depends largely on what you are looking for and what you need to do. Our suggestions can help you break things down to find the best money transfer service for your needs.
The Amount of the Payment
How much are you planning to send to Nigeria? Some services have limits on the amount of money you can send at once. For instance, Ping Express limits transactions to $1,800. This isn’t a problem for most people, but if you are trying to send more, you’ll need to look elsewhere.
Additionally, some services base their fees on a flat rate, while some charge a percentage of the amount that you’re sending. If you’re sending a lot, then a flat rate service is probably more advantageous, but if you’re only sending a few hundred dollars, then using a company that charges a percentage is the way to go.
Method of Sending and Receiving
How do you want to send your money? With an online- or mobile-based service like Ping Express, both you and your recipient need to have bank accounts. If your family in Nigeria doesn’t use a bank, you’ll need a cash-to-cash transfer service. However, sending money with an online service is much more convenient for both parties if you’re able to do so.
Timing for Exchange Rates
When the exchange rates are favorable, you get a bit more bang for your buck. Some people prefer to save their money until they can get good exchange rates, then send all their money at once. If that’s what you want to do, you’ll probably want to look for a service that allows you to send large amounts of money and offers good exchange rates.
On the other hand, if you simply want to send a set amount of money back home each month, then you need a money transfer service that offers consistently good exchange rates. Rates fluctuate daily, so you never know exactly what rates you’ll be able to get. At Ping Express, we’re so confident about our great rates that we publish other companies’ rates right on our website.
Ultimately, the right choice depends a lot on personal preferences. If you need a service that is convenient and will send the money as quickly as possible, then mobile services are probably the better choice. When you use Ping Express, you don’t even have to leave the comfort of your home, and your recipient can receive the money in as little as a few hours.
On the other hand, if you value the secure feeling that comes from sending cash or you want the type of customer service that a face-to-face transaction can provide, you may want to send money through a traditional bank.
No matter what your needs are, it’s important to thoroughly research all of your options. Ping Express is one of only 11 money transfer services allowed to operate in Nigeria. Check out how easy it could be to send money to Nigeria from USA.