Compare money transfers from the Philippines to Nigeria

Best Service to transfer money from the Philippines to Nigeria

Transferring funds to Nigeria from the Philippines has never been easier than it is now, with different services that make it possible to wire money from the Philippines to Nigeria. As you decide on the best way to transfer money, you must consider some crucial factors, which include the rates (official exchange rate), transaction fees, and when the receiver in Nigeria will get the money. Find out how to send money to Nigeria below:

How to send money

Gone are the days when the only way to send funds from the Philippines to Nigeria was through wiring transfer or an agent. These days, e-transfer of money has made things easier, and with a simple authorization using your credit card, the receiving party can get the funds within minutes. Check out the steps of sending money.

• Go to the website and register.
• Input the amount you are sending and the details of the recipient.
• Confirm all details and authorize the transaction with your card.
• Receive a confirmation email or text message.
• The recipient can either get the deposit directly in their bank or go for a cash pickup. This depends on the method you choose when sending the funds.
• For the receiver in Nigeria to get their cash if they are picking it up physically, they must have an official means of identification issued by the government, information of the sender, amount the sender sent, and the reference number.

Which Service to use?

• WorldRemit: This online service offers cheap transaction fees, fast transaction speed, and reliable service. Although it is not available in every country, it works in the Philippines and is one of the cheapest ways to transfer money from the Philippines to Nigeria.
• TransferWise: This is another online service that you can use to send money. It is also reliable and cheap.
• Wire transfer: You can wire money from the Philippines to Nigeria bank account directly. This is a common method, but transaction processing takes time. It might take 1 to 2 business days before the receiver gets the money.

How much does it cost?

WorldRemit and Transferwise are quite cheap as they usually cost a certain percentage or a low fixed price to transfer money. Wire transfer, on the other hand, is more expensive. For wire transfers, you have to pay the transaction fees, receive unfair exchange rates, and even the receiver may still incur some charges on the funds they are receiving.

Our Advantages

We have scoured the web and aggregated the best and cheapest ways to transfer money from the Philippines to Nigeria, and the advantages of using our recommendations include

1. Fast speed for your transactions.
2. Flexibility in the amount of money you can send.
3. Security
4. Fair transaction fees and exchange rate.
5. Alternative payment options, such as bank account and credit cards.
6. Variety of currencies.