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Author: Anoop Yersong

Money transfer to Nigeria from Illinois

Nigeria is famous for so many things. Along with tourism and oil reserves, Nigeria is also known for its history. On the other side, Illinois is also one of the…

Nigeria is famous for so many things. Along with tourism and oil reserves, Nigeria is also known for its history. On the other side, Illinois is also one of the largest cities in the United States of America. And if someone is looking forward to investing in Nigeria, then they need to arrange the money initially. These days money transfer to Nigeria from Illinois has become quite simple and convenient.

Illinois, Midwestern state in the United States, and Chicago, one of the largest cities in the U.S, is in the northeast on the shores of Lake Michigan. It’s famous for its skyscrapers, like Willis Tower and the neo-Gothic Tribune Tower. In today’s world, nothing is possible without money. People should pay for each and every single travel to a foreign country people should pay a particular amount as an upfront fee or exchange rate that is necessary to visit abroad countries and spend that particular amount of money over there. There are two ways of transferring money to Nigeria. Even though both the methods are commonly used people nowadays prefer online transfer of money.

Using bank transfer for money transfer to Nigeria

Anyone can send money to Nigeria from any corner of the globe through the nearest bank. This method is simple, safe and secure. Most people prefer this banking method due to its simplicity. This method is one of the most common methods that has been available for the past 3-4 decades.

Standard bank transfers to Nigeria usually take several days or even weeks. You can make your money transfer to an account at all branches of 236 banks in Nigeria.

Online transfer

Using online transaction, from Illinois, people can send money Nigeria while saving both time and transaction charges. Through real-time exchange rates and fair calculations, people can send money for a cheaper price.  People can easily transfer money from USA to Nigeria by using many options including a direct payout on accounts through online services. This method allows people to send money from one place to another at a faster rate.  The maximum amount of time taken by them ranges from 60 seconds to a single day. These type of fast transaction from any place and time, along with their availability for 24 hrs makes it a suitable method for most of the people in Michigan.

That means it takes no time to send money from Illinois to Nigeria. People opt for online services for transferring money to Nigeria due to less time consumption and convenience. Online services like FAZRemit offers the best type of international transaction service to send money Nigeria within a time span of 60 seconds. We also offer the cheapest price on the market. So stop thinking and choose the best transaction method available in the market for easy service.

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This World Refugee Day 2019, Help the Ones You Should

Displacement of thousands of families and disruptions of societies is widespread in today’s world of violence. From Afghanistan to Ukraine the wide-ranging impact it has on the world is free…

Displacement of thousands of families and disruptions of societies is widespread in today’s world of violence. From Afghanistan to Ukraine the wide-ranging impact it has on the world is free to see. This makes it important to understand who refugees are and what they require most.

June 20, 2001, was the founding date of the World Refugee Day. An initiative of the United Nations Refugee Agency, it tries to send a message of peace and togetherness. Messages for unity among governments to ease the hardships of refugees are prevalent worldwide. This year, it also marks an important time for migrant diasporas to show support to their displaced families in home countries.

World Refugee Day

Refugees are people who flee their country because of persecution, violence, and war. A refugee crisis refers to a large scale displacement of people from their home countries for these same reasons. They lose their homes, livelihood and their way of life. It is a scary situation to be in a new country with no belongings or knowledge of the future.

The main objectives of governments and organizations are to allow the refugees to return to normal lives. This includes providing them with healthcare, food, water, and livelihood. Various countries, organizations, and individuals are donating for this cause. Using online money transfer services like FAZRemit, you too can help the ones you should. Send money to Nigeria online to do your bit for the humanitarian cause.

The Refugee crisis in Nigeria

With over 15 countries in Africa reeling under conflicts refugees in the continent are the ones most affected. Sub-Saharan African countries have 6.2 million refugees in total. Nigeria is the largest country in Africa in terms of population with 200 million citizens.  Several conflicts affect the country because of the diversity it holds as a country.

The latest of these conflicts have been going on since 2009. The Boko Haram Insurgency in northern Nigeria has been one of hardships and losses. The world refers to them as the Nigerian Taliban for the similarities with their ideologies and acts of violence. Their main motive is to Cleanse the Muslim population in Northern Nigeria.

The insurgents plunder the homes, take food, water, and other resources and kill people in their homes. As a result, thousands of Nigerians have left their homes and belongings for safety. It is sad to note that 2.4 million people are in displacement due to the conflict. They spread out inside the country and cross borders into neighboring countries for safety.

Read: Boko Haram Insurgency displaces 2.4 million people in Nigeria

What does the future hold for refugees?

The United Nations and other organizations try to provide adequate economic support and basic amenities to the refugees. They have made an appeal for $135 million to help the Nigerian refugees. Online money transfer services have made a huge difference for these funding efforts.

Various efforts are ongoing to ensure the refugees returning home have proper rights and livelihoods. Ensuring socio-psychological support provides them with mental healthcare. They distribute shelters and basic household items regularly to the refugees who are returning home.

The country can benefit a lot from the normalization of social life. The government’s main aims include providing healthcare, food, water and finding resources with which to construct a temporary shelter.

With an unstable economy and unemployment, a refugee crisis threatens to derail the country from its future. 6% of Nigeria’s GDP is made up remittance inflows. And it is of vital importance that more money reaches the country at this time of need. We ensure that the migrants who send money online to Nigeria, get the best value for their transactions.

FAZRemit and The Difference It can Make

FAZRemit ensures a fast, safe and affordable corridor for remittances to Nigeria. A migrant from the US can send money online to his friend or family in turmoil in Nigeria using FAZRemit. This inflow can help the government do more in terms of humanitarian aid to the refugees.

FAZRemit offers the lowest transaction fees for its services. This means a greater amount of money reaches the ones who need it the most. The service offers instant transactions keeping in mind the importance of timely remittances. Registering to FAZRemit online allows the user to send up to $2499 instantly. KYC checks ensure the safety of the user and their money. Transactions are highly secure and in the user’s control. Every transaction that goes through helps make a difference in the country’s stand for aid.

This World Refugee Day, join Up with FAZRemit to send your loved ones the support they need. Let us commemorate the strength, perseverance, and courage of those involved in the crisis.

 

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Money Transfer to Nigeria from Georgia

Georgia is the 24th largest in the United States in terms of land area with a population estimated to be  10,519,475. African Americans make up 31.32% of the total population…

Georgia is the 24th largest in the United States in terms of land area with a population estimated to be  10,519,475. African Americans make up 31.32% of the total population of the state. It plays a major role in the remittance inflows that the African nations receive. Nigeria, the largest nation in Africa received $34 billion in 2018 as remittance and $7.2 was from the US alone. The Nigerian diaspora in the US is one of the best-educated groups in the US.  They have a higher median household income than an average American household. Money transfers to Nigeria from the is on the rise and services have taken note. Banks and IMTOs face another major player in online automated platform services like FAZRemit. Which will be better for the Nigerian American in Georgia looking to send money to Nigeria?

Prevalent services and their shortcomings

Prevalent services include banks and International Money Transfer Operators who have not provided the customers with value.

Banks

Banks offer their customers’ money transfers across borders with safety and security. The service takes 2-3 weeks to remit money to Nigerian bank accounts. This time-frame is outdated in today’s fast-moving and poses a drawback for time-locked needs. Banks charge international transfers in terms of the foreign exchange rates. These rates are always fluctuating and are a cause of concern for the customers. All-in-all, using bank transfers to remit money to Nigeria from the US is slow and expensive.

IMTOs

This branch to branch modeled transfer platform takes lesser time than banks to transfer money to Nigeria. They still take 2-3 days and charges a premium to do so. The 8-10% processing fee is a loss for the customers remitting money to their families in Nigeria. Take into account the branch model and the benefactors need to move the remittance into their bank accounts themselves. IMTOs again trumps in having more drawbacks than advantages.

Online Services

The increase in penetration of mobile and internet services has brought life to services offering money transfer to Nigeria online. These online platforms like FAZRemit offer fast, secure transactions at affordable rates. The users have complete access to information and services like FAZRemit are customer oriented and easy to use.

Read: Online platform is the most convenient for transfers to Nigeria.

Money transfer to Nigeria with FAZRemit

Money transfer to Nigeria with FAZRemit offers the customers unprecedented value and choice. FAZRemit assures its users fast, affordable and secure transfers at their fingertips.

Registering with FAZRemit is easy and timesaving to do from Georgia using online means. Registering ensures validity and profile management in the platform. The user can keep track of their transactions and other details through its interface.

FAZRemit does KYC document verification to safeguard the user and their money against fraud and illicit activities. The safety of the user is of utmost importance to FAZRemit and other back-end services it provides. This ensures the customer peace of mind and hassle-free transfers to their loved ones.

FAZRemit enables its users to send money to Nigeria at affordable rates. FAZRemit charges 1.7% as a processing fee to remit money to Nigeria from Georgia and the US. This is the lowest rate provided by any service platform for this corridor.

FAZRemit also offers its users mobile wallet services which are creating a cashless economy in Nigeria. The usage of mobile wallets in Nigeria has increased in recent years and projections show more growth in the coming years.

Read: The Nigerian economy is reaping the Mobile Money service rewards.

Join FAZRemit today to send money to Nigeria from the US with a hassle-free, affordable service platform.

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Money Transfer to Nigeria from Florida, USA

The state of Florida or the “Sunshine State” is famous for its sprawling beach line in the United States. It also has the 5th highest number of illegal immigrants in…

The state of Florida or the “Sunshine State” is famous for its sprawling beach line in the United States. It also has the 5th highest number of illegal immigrants in the country. The state is home to 21,312,211 inhabitants of which 22% are African Americans. The United States is the prominent destination for migrating Nigerian diaspora. Nigerian Americans make up 380,785 of the country’s population. The largest nation in Sub-Saharan Africa received $34 billion as remittances in the year 2018. Nigerian Americans in the state of Florida send money to Nigeria using 2 main platforms.

The recent trend has been to use Online platforms like FAZRemit instead of the traditional ones. It is very important because money transfer to Nigeria from US reached an all-time high of $7.2 billion in 2018.

Corridors for Money Transfer to Nigeria

Banks and International Money Transfer Operators ruled the corridors to send money in the pre-online platform era. There is a huge shift in this because of the increase in internet penetration in Nigeria. What made online services like FAZRemit a much better option than banks and IMTOs?

Banks

Banks provide their customers with a secure corridor to send money to Nigeria from Florida and many other states in the US. They can provide international account transfers and charge processing fees according to the exchange rates. An unfavorable exchange rate with Nigeria proves detrimental for the diaspora’s needs at the time of transfer. Affordable remittance is not possible with banks because of the workings of the world economy. Banks often take 2-3 weeks to send money to Nigerian bank accounts.

IMTOs

IMTOs assures its customers faster fulfillment of money transfers to Nigeria. They follow the protocol of branch-to-branch transfers to fulfill this promise. IMTOs charge the diaspora a premium processing fee for their service which can go up to 8-10% of the total amount. This is a loss for users who remit money to Nigeria because of the high cost and inaccessible transfers. The premium price the service charges its customers do not reflect the service it gives them.

Online Transfers

Automated online transfer services like FAZRemit provides value to the customer. The user has complete access to the transfers and has full control over the details. The service provides instant transfers, with the users having complete accessibility to track the remittance to their loved ones. There are various platforms which fulfill this service, but FAZRemit is the market leader for affordable transfers.

Read: Advantages that Online services provide its customers.

Save on Money Transfers to Nigeria with FAZRemit

FAZRemit assures its customers the most affordable services with security and speed. The customer-centric platform also has mobile wallet services for further usability.

Registering on FAZRemit is timesaving, and it is easy to sign up even from Florida. Joining the service allows its users to send up to $2499 in an instant to their families in Nigeria. Increased internet and smartphone penetration in Nigeria boosted online money transfers to Nigeria from Florida with FAZRemit.

FAZRemit does KYC document verification and checks for the safety of its customers and to safeguard their money. Various back-end security measures ensure a safe corridor to send money to Nigeria online for users.

FAZRemit charges its customers a meager processing fee of 1.7% to use their services. This is the lowest fee charged by a platform for remittances from the US to Nigeria.

The easy-to-use user interface and the 24/7 customer service increase its user-friendliness while up keeping security.

FAZRemit offers value to its customers and money transfers to Nigeria have never been easier, faster and more affordable. Join FAZRemit today to avail a hassle-free service to send money to Nigeria from the US!

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Money Transfer to Nigeria from District of Columbia

District of Columbia, formally known as Washington DC is the capital of the United States. The federal district is home to about 702,455 citizens as of July 2018. The most…

District of Columbia, formally known as Washington DC is the capital of the United States. The federal district is home to about 702,455 citizens as of July 2018. The most remarkable thing is that black ethnicity groups make up 50% of the total population, including Nigerian Americans. The district has proven to be a large contributor to remittance send to Nigeria in 2018 from the US. Nigeria, the largest populous country in Africa received $34 billion of remittance money in the last year alone. Projections show a definite increase in the remittance outflow even from the 50th most populous city in the country.

There are various platforms which help the diaspora send money to Nigeria. Money transfer to Nigeria using newer platforms like FAZRemit proves to be the best choice.

Money Transfer Platforms and their Services

Platforms like Banks and International Money Transfer Operators were the go-to service providers for the Nigerian diaspora in the former years. Lets us look at what changed the service environment for each of these platforms.

Banks

Banks provide safe and secure transactions for customers to send money internationally. They enabled the diaspora to help their families with remittance money which helped them to grow and stabilize. Banks usually charge a fluctuating processing fee for this service dependent on the foreign exchange rates. The fluctuating processing fees along with the 2-3 week delays in remittance made the customers look for better options.

International Money Transfer Operators (IMTOs)

This better option proved to be IMTOs. They provided faster services at a constant processing fee structure. These faster services take 2-3 days to remit money to their branches in Nigeria from the United States. The faster branch to branch transfers means more work for the benefactors who want it in their banks. They charge the customers a premium of 8-10% of the total amount to send money to Nigeria from the US. This is a huge loss for the diaspora who need more affordable and safe transactions at faster speeds.

Online Services

Online Automated service platforms became the go-to services for these customers who were embracing technology. The growth in Internet penetration in Nigeria meant that these online services were more useful for the Nigerian Diaspora. Services such as FAZRemit assures its users fast, affordable transactions at the safety of their own homes. They could use their mobiles or computers to send money to Nigeria from the US.

Read: Why use online platforms to wire money to Nigeria?

Money Transfer to Nigeria using FAZRemit

The District of Columbia’s financial authority licensed FAZRemit to carry out money transfers to Nigeria from the federal district. The service has changed the lives of its users for the better. FAZRemit offers more than just money transfers. FAZRemit provides safe, affordable transactions to its users at the click of a button.

Registering to FAZRemit assures the customers a medium to send $2499 to their families instantly. The platform also secures them and their money with KYC document checks and partnership with over 25 Nigerian banks.

FAZRemit provides its services at more affordable prices than its competitors. The platform charges just 1.7% processing fee to send money to Nigeria from the United States. This enables the user to get value out of the service they chose.

Since the platform does transactions online, they show up instantly in the benefactor’s account once the user requests the transaction.

Just about anyone can use FAZRemit because of the easy-to-use interface and the customer-centric ethos of the platform. 24/7 customer support also enables the user to feel safeguarded at any point of doubt.

Sign up with FAZRemit to send up to $2499 to your families in Nigeria instantly. Money transfer to Nigeria has never been this accessible, fast or affordable!

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International Day of Family Remittances 2019

The world commemorates the 16th of June as International Day of Family Remittances since 2015. The International Fund for Agricultural Development (IDAF) proclaimed it in February 2015. The United Nations…

The world commemorates the 16th of June as International Day of Family Remittances since 2015. The International Fund for Agricultural Development (IDAF) proclaimed it in February 2015. The United Nations adopted it as recently as June 2018. The day aims to shine a light on the massive contribution of the migrant workers to their families and their country of origin.

Remittance refers to the money sent home by migrant workers to an individual or their family in their home country. It is not for gaining goods or services per se. The recipient households spend the economic gains of family remittances for the most basic human needs. This includes education, health upkeep, and household expenses. It would also serve the purpose of upliftment of the society and enables formal economic stability.

What is at stake?

The commemoration tries to celebrate the impact of remittances on the developing world. Remittances make up a huge part of the GDP of all developing countries. India was the benefactor of the largest remittance inflow in the world in 2018. The low – medium developing countries in the African continent also saw high remittance inflows. Nigeria, the sub-Saharan country with the highest population saw a remittance inflow of $24.08 billion in 2018. That made up 83% of Nigeria’s federal capital budget for the year according to the PwC report. Online Money Transfer Services like FAZRemit opens up corridors for greater remittance inflows.

The celebration also aims at encouraging such remittances and providing migrants with a value for their transactions. The wide-ranging impact of these funds is present everywhere, from infrastructure to education to a stable economy.  Remittances have increased ever since 2000 and still only make up 1% of the global GDP. But the value it holds for the household dependent on them is not quantifiable. Services like FAZRemit helps to send money online to Nigeria at the most affordable rates. We offer the Nigerian Diaspora the best value for their remittances.

What is the Global Remittance Scenario?

Migrants go through banks or IMTOs to transfer money to their families back home. Along with strict ID checks they also have to pay high processing fees and wait for days before the transaction goes through.

Banks sending money to Nigeria and other African countries do not provide the customers with value. They often give unfair currency exchange rates for these high-risk countries and transfers take weeks. The IMTOs follow suit with these banks and charge a percentage as processing fees. It leaves the migrants having to pay a premium with the charges often reaching double figures.

The average cost to send $200 globally is 7.1% while for Sub-Saharan countries, it is 9.4%. This, in fact, provides the migrants with no value for their hard earned money. And the recipient households bear losses for the inefficient transfer methods.  

While remittances grow, it is the job of the institutions handling them to reduce the transfer costs. FAZRemit does their bit in reducing the cost of remittances. It offers the lowest transaction fees for remittances to Nigeria, Ghana, and Kenya from the US. The platform offers services for migrants to send money online to Nigeria at just 1.7% handling fees.

Read: Remittances to Nigeria hit $35 billion in 2016

Why does Nigeria Need More Family Remittances?

The developing nation of Nigeria was oil dependent, but the economy has shifted since the oil crisis. The government has diversified the economy for future economic stability. It is in this transition phase that remittances play an even more important role for the Nigerian society. The families of migrants and the Nigerian citizens are facing a lot of hardships right now.

Unemployment rates are the highest, with 16 million people unemployed. Child Labor is increasing and adversely affecting the holistic growth of the younger generation. It plunges the future of the country into doing manual labor when they should be in schools. About 20 million child laborers are present in Nigeria as of 2018. Food safety and food security are invisible and are a humanitarian crisis in many parts of the country.

The economic instability and social turmoil the country finds itself in is heart-breaking. And it is the Diasporas who are helping the country the most.

Where does FAZRemit fit in?

FAZRemit offers the Nigerian Diaspora in the United States with online money transfer services to Nigeria. We ensure safe, fast and affordable transactions into Nigeria. Affordability is key for the platform.

Registering to FAZRemit is easy. Automated KYC document checks allow for far greater security of transactions and the user’s money. Instant online money transfers to Nigeria provide your loved ones with an easy solution to any economic hardship they face. FAZRemit also prides itself in ensuring the lowest processing fees for remittances to your families. The fee of 1.7% is the lowest in the market and provides an insane value for the customer.

We firmly believe that the money saved in these processing fees can help those in real need. It would also help to grow the country of Nigeria into one of the developed democracies in the world. With food safety, future employment options and the abolishment of Child labor, the country can move forward.

Join FAZRemit today to invest in this noble idea by saving money to send more money. Use this platform this International Day for Family Remittances to send money to Nigeria online from US. Help your families and your country to prosper.

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Money Transfer to Nigeria from Delaware, USA

Delaware is one of the 50 states in the United States. The small state in the eastern coast of the US has less than a Million residents. This ranks them…

Delaware is one of the 50 states in the United States. The small state in the eastern coast of the US has less than a Million residents. This ranks them 46th in terms of population. But the state has a median household income of $62,000 which is higher than in most other states. African Americans form a large part of the black ethnic population in the state which is close to 200,000. Remittances to the African countries from the US has increased in recent times. The total remittance to Nigeria from the US alone grew from $6.2 billion in 2017 to $7.2 billion in 2018.  Online platforms like FAZRemit aids the diaspora in money transfer to Nigeria from Delaware.

Limited options for Money Transfer to Nigeria

International transfers in the United States were predominantly carried out by banks. They proved to be safe and secure yet are on the decline. Banks provide International money transfers with variable processing fees. The processing fee is directly related to foreign exchange rates. This did not help the Nigerian diaspora who often have to pay exorbitant amounts to send money to Nigeria. The transactions also take 2-3 weeks which is a huge disadvantage for customers with time locks.

International Money Transfer Operators (IMTOs) carried over the bulk of remittance transactions for the latter part of the century. They provide “faster” transactions with remittances reaching the benefactors within 2-3 days. IMTOs charge their customers 8-10% of the remittance money as fees for these services. Their transactions are reliable for most customers but could be a hassle for the other. Moreover, the customers have no access to any info and the services are not user-friendly.

A New Player in the Field

The rise in technology usage has led to an increase in the usage of online services like FAZRemit. They provide fast, safe and affordable corridors to send money to Nigeria from the United States. The transactions can be done instantly through online platforms like FAZRemit. Their security is upheld through consistent checks and no illicit behavior is tolerated. FAZRemit and such services have created an easy corridor for the diaspora to remit money to their loved ones.

Read: What to expect from FAZRemit when used to transfer money to Nigeria from US.

FAZRemit and Services it Offers

FAZRemit is a market leader in providing fast, secure and affordable transactions to Nigeria for its customers. They charge a processing fee of 1.7 % which is the lowest in the segment. The online platform has a user-friendly interface and is heavily customer oriented.

Registering on FAZRemit is easy. Further, documents submitted during the registration helps the platform to carry out KYC checks. This ensures safe and secure money transfers to Nigeria from the US. The importance of security in online transactions is understated. The service safeguards the customer’s hard earned money all their trust.

Transactions go through instantly and the customer has complete access to all the transaction details. 24/7 customer service enables prompt responses to the customer’s query. This helps the customer to clarify doubts and questions and remit money at the earliest. They also offer mobile wallet services with their money sending platform.

FAZRemit assures fast and safe platform to send money to Nigeria from the US.

Register at FAZRemit and send up to $2499 instantly to your loved ones in Nigeria.

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Money Transfer to Nigeria from Connecticut

The State of Connecticut in the United States boasts the highest median income for households in the country. It is only the 29th most populated state with around 3 million…

The State of Connecticut in the United States boasts the highest median income for households in the country. It is only the 29th most populated state with around 3 million inhabitants according to 2018 records. The state has 10% black ethnicity groups in its population. The high median income and the low population is a driving factor for many African Americans to settle here. Nigerian Americans living here contribute a large share to the $ 7.2 billion sent as remittances to Nigeria in 2018. The diaspora uses banks and IMTOs as their primary platform for transactions but has increased their use of online services. FAZRemit is licensed to operate from the jurisdiction of Connecticut, creating an easier platform for money transfer to Nigeria.

Money Transfers to Nigeria Sees Changes

Banks and IMTOs were predominantly used to send money to Nigeria and other African countries by diasporas. But this has seen a fall in recent times with online services like FAZRemit becoming easier and more accessible.

Banks

They were the only platform to transfer money across borders for a long time. But they are currently in decline due to the rising popularity of online platforms. Banks provide safe and secure transactions with varying processing fees. The variability in the processing fee is related to the foreign exchange rates that they adhere to, for international transfers. They take 2-3 weeks to remit money to a Nigerian bank account which is not the 20th-century standard.

International Money Transfer Operators

IMTOs have had varied luck since the advent of the internet. IMTOs provide faster services to its customers than banks with 2-3 day money transfers to Nigeria. They charge 8-10% of the total remittance money as fees which is a huge loss for the diaspora. IMTOs also do not safeguard the customer’s money with the branch to branch transactions being their norm. The customer has no accessibility to the transactions and yet pay a premium for these services.

Online Platforms

The increase in usage of internet and smartphones in Nigeria has led to the rise of online platforms like FAZREmit. They help the customers to send money to Nigeria even from remote places in Connecticut at the click of a button. They assure fast, safe and affordable international money transfers to their customers. They also provide customers with complete access and have proven to be a reliable source for money transfers to Nigeria.

Read: Importance of Fast, Easy and Cheap platform to wire money to Nigeria.

Choose FAZRemit and Send Money to Nigeria Instantly

The registration process for FAZRemit is as easy as using the platform. The platform offers affordable remittance corridors for its customers. The diaspora can rely on FAZRemit to provide fast and secure transactions at an instant.

FAZRemit’s processing fees are the lowest in the market at 1.7%, which provide value to the customer. Remittances have never been more easy or secure for the diaspora in Connecticut and the United States.

KYC Document verification during the registration assures safe remittances along with ease of mind. The transactions are done instantly and show up in the benefactor’s account at the click of a button. Prompt customer service makes FAZRemit one of the most trusted online money transfer services today. Online presence of Nigerians has grown in recent years fuelling the growth of online platforms like FAZRemit

FAZRemit assures fast and safe platform to send money to Nigeria from the US.

Register today at FAZRemit and start sending up to $2499 to your loved ones in Nigeria.

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Money Transfer to Nigeria from California

California is the most populous state in the country of United States. With 39.6 million residents in the state, more than 10% of them are from Africa. The Nigerian diaspora…

California is the most populous state in the country of United States. With 39.6 million residents in the state, more than 10% of them are from Africa. The Nigerian diaspora in the state of California is spread across Los Angeles and San Francisco. Nigeria is the country with the largest population in Sub-Saharan Africa and has the highest remittance inflows in the continent. The advent of the internet revolution in Nigeria has increased the remittances flowing into the country. It is easier than ever before to send money to Nigeria through online services like FAZRemit.

Remittances to Nigeria from the US alone reached $7.2 billion in 2018. The total remittance figures of the country reached $25 billion.

Banks, IMTOs and Automated Online Transfers

Money transfer to Nigeria used to take weeks in case of banks and days in case of International Money Transfer Operators. Banks take anywhere from 2-3 weeks to remit money in the benefactor’s bank account in Nigeria. The IMTOs, claiming to be faster, take anywhere from 2-3 days to remit money to their branches in Nigeria. This is a lot slower than the instant transfers that online automated services like FAZRemit assure to its customers.

Even though Banks offer safe and reliable transfers, they also charged processing fees according to the foreign exchange rates. Customers are often troubled by the fluctuating processing fees due to the changes in foreign exchange rates.  IMTOs prove to be less of a hassle due to their standard processing fees. But these services are charged at 8-10% of the total amount. It is a loss for the diaspora to pay a premium for a 2-day remittance to their loved ones. The IMTOs also do not do enough to provide safe and reliable transfers for their customers.

Money Transfer to Nigeria becomes easier

Automated online transfer services like FAZRemit paint a completely different picture for money transfers to Nigeria from states like California. They offer fast, reliable transfers at very affordable rates. They offer value to customers which they are missing out on with banks and IMTOs.

The customer’s money is safeguarded through the transaction and is completely in the customer’s control. Document verification during the registration assures safety and secured transactions. Online transactions reach the end benefactor in an instant, into their registered accounts.

Read: 5 Indicators of a Convenient Money Transfer to Nigeria.

FAZRemit’s Advantages

FAZRemit is the industry leader in promoting money transfers to Nigeria from the US for a variety of reasons. FAZRemit offers instant account remittances to its customers at affordable rates and secure corridors. Customers need only register with FAZRemit in order to start sending money to Nigeria. They can send up to $999 by paying the lowest processing fees of 1.7%.

The Nigerian diaspora in California can use the easily accessible online banking platform to send money to their loved ones. FAZRemit does KYC verification during the registration in order to assure the safety and security of its customers and their money.

24/7 customer care and prompt reactions create a user-friendly and customer centric environment. Both of these factors play an important role in FAZRemit’s ease of use and customer-centric ethos.

FAZRemit assures fast and safe platform to send money Nigeria from the US.

Money transfers to Nigeria from the United States is just a click away. Join FAZREmit today.

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How to send money to Nigeria from Boston?

Boston, Cambridge, and Quincy make up the important trio of cities in Massachusetts, USA. Boston is the largest city in the state and with the state being the third most…

Boston, Cambridge, and Quincy make up the important trio of cities in Massachusetts, USA. Boston is the largest city in the state and with the state being the third most populous in the USA.

African Americans settled in these cities due to their historic value and the educational institutions in Cambridge. The State of Massachusetts is home to the 9th largest Nigerian diaspora in the US. The charm of education and peaceful society to live to attract many Nigerian Americans to settle here. This has also increased the number of remittances sent from these cities. Nigerian Americans send money to Nigeria banks from Boston, Cambridge, and Quincy through the mainstream platforms. But is it time for them to make use of another platform like FAZRemit?

Contemporary Platforms and Services

Banks

Banks are the first and foremost platform to help African Americans send money to their respective countries. They assure safe and reliable transactions from account to account. But this requires the benefactor having a bank account in Nigeria. With less than half the population in Nigeria having bank accounts, this has become a stumbling block in recent times. The processing fees charged by banks are directly related to that day’s foreign exchange. This leads to fluctuating processing fees for the same transaction at different times. But the 2-3 week window required by banks to remit money is the main hindrance.

IMTOs

The International Money Transfer Operators(IMTOs) make use of branch-to-branch transactions to make faster remittances into Nigerian banks. This too, however, has a catch as in, they charge a premium for such transactions. A processing fee of 8-10% is normal in these instances, which is a huge loss for the diaspora. They also take 2-3 days in order to remit the money which is still slow at this age and time. The remittances also take place into the branches in Nigeria rather than the bank accounts of the benefactors.

The new online money transfer platforms like FAZRemit manages to circumvent all these disadvantages with the use of technology. FAZRemit helps the customer to send money to Nigeria from the US with ease. There is an increase in internet usage in Nigeria with 56% currently having access to it. It is only going to grow in the coming years with cheaper smartphones and even cheaper telecommunications. Thus, FAZRemit is able to provide its customers safe, fast online transactions to Nigeria from the US at affordable rates.

FAZRemit And its Services

Registering with FAZRemit permits the customer to send money to Nigeria from Boston at the click of a button. FAZRemit is one of the leading platforms for online money transfer in the US. They provide instant money transfers into the benefactors account from the customer’s account. Documentation is verified at the registration phase which assures no illicit transfers take place. The customers’ safety and their money is safeguarded at the highest level. The processing fees charged by FAZRemit is as low as 1.7%. This provides the customer value for these services. Remittances are also instant and can be tracked at every stage of the process.

The online presence of FAZRemit and the partnerships with Nigerian banks make it easy to send money from Boston, Cambridge or even Quincy.

Join FAZRemit today to avail these services for yourself and your loved ones.

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