The world is literally becoming a global village because the number of people moving to foreign countries in search of work and educational opportunities is increasing every year. This transition has also given rise to international remittance. The case in Nigeria is no different as the number of people who send money to Nigeria seems to be increasing by an exponential factor.
People generally assume that the process to send money online is very complex. But this is not the case. If you do proper research, look for the right channels of money transfer and be vigilant throughout the process, you will realize that the process will become a lot simpler. Here is a step by step guide that will help you in this regard:
- Select The Channel Of Money Transfer:
There are a lot of different ways through which you can send money to Nigeria. Each of these online money transfer mediums have their own pros and cons. The choice of the channel depends on your situation and priorities. This is an important decision and it is highly recommended that you take some time and do proper research before finalizing this aspect.
- Sign Up Or Login:
Irrespective of the channel you choose for carrying out the transaction, one thing is constant i.e. a user account. This is especially certain if you choose to send money via service providers like ACE Money Transfer. If you are sending the money for the first time, then you will have to sign up for a new account. You will be asked to provide basic information and set a password. Make sure that the password is strong so your account can be as secure as possible. If you already have an account, you’ll be asked to login.
- Link Your Bank Account:
International money transfer is carried out via banks and the dealings do not involve real cash. The amount is deducted from the sender’s account and is sent to the recipient’s account. Therefore, you will be asked to link your bank account with your money transfer user account.
- Provide The Recipient’s Details:
Now that all your information has been entered and the bank account has been linked, you will be asked to share the details of the recipient. It is extremely important that you remain vigilant throughout this step. Cross check the spellings of the names and enter the correct bank account details otherwise you will be held responsible for any loss.
- Initiate The Money Transfer:
Now you have successfully completed all the crucial steps involved in the process to send money globally. All that is left to do now is to initiate the money transfer. You will be asked to enter the amount of money you wish to send and then you will be redirected to enter your transaction passwords etc. That is all. You will receive a confirmation message and will also be notified once the transfer is complete and the money has reached Nigeria.