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How long will it take to Wire money to Nigeria?

The world knows Nigeria for its strong migrant population who send record remittances back to Nigeria. The unstable condition of the oil-driven economy of Nigeria has increased diaspora migrations. The…

The world knows Nigeria for its strong migrant population who send record remittances back to Nigeria. The unstable condition of the oil-driven economy of Nigeria has increased diaspora migrations. The 200 million-strong population lives in poverty and harsh social conditions. Child labor, unemployment, and social unrest are common themes the country is trying to outlive. Migrants wire money to Nigeria to help their families and friends to lead a better life.

Nigerian diaspora sends close to $25.08 billion in the year 2018. These remittances formed 83% of the federal government’s budget for the year. The remittances play an even more important role in the household economy. Remittances from the US stood at $7.2 billion in 2018. There are various corridors to transfer money to Nigeria from the US. Yet none of these services offer as much as online transfer services like FAZRemit. Why is it or why is it not?

How will you Wire Money To Nigeria today?

Bank wires were the most famous method of sending money to Nigeria. Banks are the oldest financial institutions that help people with international bank transfers. Using banks to wire money to Nigeria from the US remits it in the benefactor’s bank account. We can only do these transactions during banking hours which are normal working times for all. The banks also charge mark up foreign exchange rates causing it to become expensive.

International Money Transfer Operators (IMTOs) also help migrants transfer money to Nigeria from the US. IMTOs offers its customers services faster than bank wires. Yet their services are not instant like online services. They also charge a processing fee which can go up to 8-10% of the total amount. IMTOs wire money to their branches which made having bank accounts not a necessity. Yet the lack of accountability makes it a corridor for illicit transactions.

The Time-queue

The advancement in technology has still not made wire transfers faster. Bank wires take a minimum of 5 working days to remit to the receiver’s account. Occasionally, a mistake in the process request can lead to longer remittance times. Holidays also make these transactions delay further.

IMTOs use bank accounts of their own in certain cases, which gives a closer remittance time to bank wires. Certain IMTOs work with cash to provide a 2 or 3-day service. The receiver gets the remittance in cash from a pickup point or their subsequent branch. But the lack of accounting through banks make these unsafe and not recommended.

Read: Why should International cash transfers be avoided?

We know that it takes time to wire money to Nigeria. But online money service platforms like FAZRemit has offered remitters a new instant corridor.

Wire money to Nigeria instantly with FAZremit

FAZRemit offers its users the most affordable, safest and fastest service to transfer money to Nigeria from the US. Registering onto the platform online takes less time than opening a bank account. The registration also covers the KYC checks that ensure the customers and their money stay safe during transactions. FAZRemit also ensures instant transactions to users using online technology. The service is also the cheapest with FAZRemit charging a 1.7% processing fee. This is the lowest processing fee in the corridor.

The fast, safe and affordable transactions make using FAZRemit a joy for the customer. 24/7 customer service helps the customer with prompt replies to their queries. With higher online penetration in Nigeria, online money transfer platforms like FAZRemit are the future.

Join FAZRemit today to wire money to Nigeria instantly at affordable rates.

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Online Money Transfer to Nigeria from Tennessee

Nigeria is a sub-Saharan country in Africa with a 200 million-strong population. The country is in economic instability with social life in stages of growth. Remittances to the country from…

Nigeria is a sub-Saharan country in Africa with a 200 million-strong population. The country is in economic instability with social life in stages of growth. Remittances to the country from its diaspora stood at $24.5 billion in 2018. This is very important for supporting the families in Nigeria undergoing a shift and growth. Money transfer to Nigeria from the United States stands at $7.2 billion in the same year.

The US has the largest Nigerian Diaspora in the world with the most qualifications. Nigerian Familie households have a higher median income than the average American household. Tennessee, a state in the US has 16.8% African Americans in the population. The state is home to around 6.7 billion people which makes it the 16th most populated in the country. Nigerian Americans who send money Nigeria do not get value for their remittances. Online money transfer services like FAZRemit can help change that.

Money Transfer to Nigeria without Value

The diaspora in the country who remit money to Nigeria has trouble from the start. The country is in a high-risk economy because of fluctuating oil prices globally. Because of this, banks and International Money Transfer Operators take advantage of the users. There is a better method for these users to remit money to their loved ones in Nigeria.

Banks take anywhere from 203 weeks to remit money to accounts in Nigeria. They charge money transfer to Nigeria at foreign exchange rates which are never favorable to the migrants. The users lose most of the money they remit to their family and friends in processing fees.

International Money Transfer Operators (IMTOs) assure customers faster and cheaper service to Nigeria. They charge the customers 8-10% of the total remittance amount as processing fees. The service takes 1-2 days which is not quick enough for customers in time-locks. The service offers no value for the customers, unlike online platforms.

Online money transfer services like FAZRemit ensures the customers, value for their money transfers to Nigeria. The increase in online penetration in Nigeria has created a unique opportunity for citizens. Nigerian diaspora can send money to Nigeria using FAZRemit directly to the benefactor’s account.

Read: Is the Oil-driven Nigerian economy banking on remittances from Migrants?

FAZRemit and Its Services

FAZRemit offers its customers fast, safe and affordable money transfer to Nigeria. The platform offers the lowest processing fee in the corridor.

Migrants in Tennessee can register on the platform online. The registration process is simple and quick. The platform does automated KYC checks at the time of registration. This ensures safety for the customer and their money during online transactions.

The user can send up to $2499 instantly online to their benefactors in Nigeria. We offer our partnership with 25 banks in Nigeria to make transactions hassle-free. 1.7% of the remittance amount is the processing fee charged for the service by FAZRemit. This offers the diaspora value for the remittances they make. These transactions help many families and individuals in Nigeria to lead a better life.

Join FAZRemit today. Send remittances to Nigeria from the US to help the ones you care about.

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Money Transfer to Nigeria from Texas

The state of Texas ranks second in terms of population and total area in the US. The total population of the state is 28.7 million according to 2018 statistics. African…

The state of Texas ranks second in terms of population and total area in the US. The total population of the state is 28.7 million according to 2018 statistics. African Americans make up 11.8% of the population in Texas. Texas also has the largest Nigerian diaspora with around 60 thousand living in the state.

Nigeria is the largest country in sub-Saharan Africa with a 200 million-strong population. It has the largest number of migrants in the US, the UK, and many European countries. With economic instability ruining the country, remittances from its diaspora are helping the society to have stability. Money transfer to Nigeria from the US reached $7.2 billion in 2018. With such high remittance rates, customers who send money to Nigeria are not getting value for their remittances.

What are the prevalent sources for remittance services? Do online services like FAZRemit provide the user with a better platform?

Money Transfer to Nigeria with Banks and IMTOs

Banks hold the highest rates of remittances to benefactors across borders. The financial institution provides safe and secure transactions to benefactors at fluctuating prices. Banks in Texas take anywhere from 2 to 3 weeks to remit money to bank accounts in Nigeria. They also charge processing fees according to the foreign exchange rates. Because of Nigeria being a high-risk country, bank charges are never in favor of the customers.

International Money Transfer Operators try to ease the problems faced by money remitters in the corridor. The platform offers its services at a premium of 8-10% of the total remittance amount. This in no way helps the remitters get value for their transactions. These services take 2-3 days to remit and do not help people in time-locks. IMTOs, because of no competition in this field, make a profit out of the people in need of money in Nigeria.

Remittances to Nigeria form 6.2% of the country’s GDP. The families and friends of Diaspora require money transfers to Nigeria to live a stable life. Online money transfer platforms like FAZRemit tries to create a better service for the Nigerian Diaspora. The increase in internet use in Nigeria has made money transfers to Nigeria from Texas easier. Lower transaction rates, faster transactions and safe money transfers to Nigeria from the US are the main objectives of FAZRemit.

Read: Why are Migrant remittances important for the Families in Nigeria?

FAZRemit And Its Services

FAZRemit offers its customers fast, safe and affordable transactions online. The services give value to customers who send money to Nigeria. Families and friends can instantly receive money transactions online from the US.

Registering on the platform is easy and allows users to send money instantly. Having an account allows the user to send $2499 instantly to Nigerian users. The platform safeguards the users and their money with KYC checks during registration. This ensures that no illicit activities take place on the platform’s services.

The services which are fast and secure are also affordable. We provide the lowest processing fees of 1.7% for remittances to Nigeria from the US. It is the lowest in the market and provides users with a value for their transaction.

Join FAZRemit to send money to Nigeria from the US at affordable rates. This allows money to reach the ones in need when they need it.

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Money Transfer to Nigeria from Virginia

Virginia is the 35th largest state in the southeast part of America. Virginia has the honor of being the first new world English colony set up by the London company…

Virginia is the 35th largest state in the southeast part of America. Virginia has the honor of being the first new world English colony set up by the London company in 1607. Virginia has the 12th largest population in the country. The population in Virginia stands at 8.5 million as of 2018. The population in Virginia is diverse with 19.7% being African American heritage.

Nigeria, the largest sub-Saharan country in terms of population has the largest successful diaspora in the US. reports show that 61.4% of the Nigerian Americans have at least a bachelor’s degree. The diaspora continues to send money to Nigeria to help their failing economy, their families and friends. Money transfer to Nigeria from the United States stood at $7.2 billion as of 2018. But online services like FAZRemit will help it grow more. What are the needs of the diaspora in Virginia?

The Predominant Corridors for Money Transfer to Nigeria

The predominant corridors include the Banks and the IMTOs. Let us look at how they are not providing value to their customers.

Banks

Banks are the oldest financial institution that helps its customers with international money transfer. Banks are also the slowest in terms of the time these transfers take. Services offered by banks take 2-3 weeks to remit money to the benefactors account in Nigeria from the US. They charge their customers based on the fluctuating foreign exchange rates which creates a problem for the diaspora. The shortcomings of the banks created a space for the IMTOs.

IMTOs

International Money Transfer Operators filled the shortcomings of banks with promises. They promised faster transactions at better rates but never gives value to these services. They ensure money transfers to Nigeria from the US in 1-2 days and charge a premium for them. They charge 8-10% of the total remittance amount which is very expensive. These IMTOs, because of no competition in this corridor, give the customers no value for their service.

Money Transfer to Nigeria Made Easy Online

The remittances from the diaspora in the US are to help the families and individuals in Nigeria. And the prevalent corridors of money transfer do not provide the users with value. The increase in internet and mobile penetration in Nigeria has provided the platform for online money transfer services. FAZRemit provides its customers with a fair value for their transfers.

Read: What are the advantages of using Online Money Transfer Services?

FAZRemit and their services

FAZRemit offers fast, affordable and safe money transfer to Nigeria from US. The platform allows its users to send money to Nigeria instantly using the platform.

Registering on FAZRemit is easy to do online. Having an account on the platform allows the user to send up to $2499 instantly to benefactors in Nigeria.

The service is safe because of the use of KYC checks during registration. This allows the platform to safeguard the user and their money during transactions. We help the customer remit money to Nigeria at the lowest processing fee in the market. The service charges the customer 1.7% of the total remittance which offers the customer value.

FAZRemit allows users to remit money to their loved ones at fast affordable rates. We understand the importance of remittances to help families and friends.

Join FAZRemit and send money to Nigeria instantly from Virginia at affordable rates.

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Money Transfer to Nigeria from South Carolina

The state of South Carolina was the first state to opt out of the confederation. It is the 40th largest state in terms of land area but 23rd in terms…

The state of South Carolina was the first state to opt out of the confederation. It is the 40th largest state in terms of land area but 23rd in terms of population. The state houses 5,084,127 as of 2018. The ethnic demographics of the region paints it as having 27.3% African Americans. Migrants flock to this state because of the low taxation and high-income rates. The Nigerian diaspora in South Carolina needs a better remittance system. Is FAZRemit that system? Is FAZRemit better than Banks and IMTOs for the money transfer to Nigeria and the families of migrants?

The Prevalent Corridors

Banks

Banks have been the go-to for migrants who need to send money across international borders. It was because of the years of service of banks and the security they provided. Yet the services they provided do not value the customer as they value the service. It may take 1-2 weeks to send money to Nigeria which is an inconvenience for the migrants. They charge handling fees dependent on the foreign exchange rates in the global economy. And as we know, Nigerian migrants face a huge hurdle in this aspect because of Nigeria’s economic instability.  But given a choice will preference for banks stay the same?

IMTOs

International Money Transfer Operators offer cross-border transactions at standard processing rates and faster speeds than banks. They provide their services to Nigerian migrants at a premium which may reach double figures. An 8-10% handling fee on remittance transactions creates a loss of value for the migrants.

The money they send to Nigeria for helping their families get handicapped by these high processing fees. IMTOs also take anywhere from 2 to 3 days to remit money to the ones in dire need in Nigeria. IMTOs are a step up from banks, but are they the best on offer in the United States?

Read: International Cash transfers should be avoided to Nigeria

The Importance of Online Remittance

Remittances make up almost 6 percent of Nigeria’s total GDP and are of great importance to the unstable economy. The total remittance amount to Nigeria in 2018 adds up to $34 billion. Online money transfer services like FAZRemit ensure a safe, fast, and affordable medium. It is important that the migrants get value for their remittances, which FAZRemit gives.

The New Routine for Money Transfers to Nigeria – FAZRemit?

FAZRemit is the best platform for money transfer to Nigeria from the US. We provide fast, safe and affordable transactions to families of migrants in Nigeria.

Registering on FAZRemit allows the user to send money to Nigeria instantly. Money reaches the benefactor at the click of a button from South Carolina. The online platform makes KYC checks to safeguard the user and their money.

We offer affordable transactions to users at the lowest processing fees in the market. These allow the migrants to send more money to the families in need.

Do you still think FAZRemit is not the better option for money transfer to Nigeria from the US? Join FAZRemit to send money to your families in Nigeria at safe, fast and affordable rates.

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MONEY TRANSFER TO NIGERIA FROM RHODE ISLAND

Rhode Island is a state in the New England region of the United States. It is the smallest state in area, the seventh least populous, the second most densely populated,…

Rhode Island is a state in the New England region of the United States. It is the smallest state in area, the seventh least populous, the second most densely populated, and it has the longest official name of any state. The community of Nigerians in Rhode Island try to increase the economic condition of their country by sending a part of their earnings every year. Along with this, the businessmen in Nigeria also invest in Nigeria due to their good oil production and low labor costs.  Nigerians living in the state can transfer money from Rhode Island to Nigeria through various methods. People who need to make money transfer to Nigeria can read below to find out in detail.

Money transfer to Nigeria through mobile

This online mode of the transaction can be done from your mobile, and it is not that complicated. The transfer of money is a common activity. This money transfer is one of the major income sources in the Nigerian economy. And most of them are done nowadays through online money transfer method that can be accessed now through mobile phones. The rates for transferring money is also not very high. These types of mobile transfer allow people to transfer money at a low price and flexibility to access the website at any time.

Through FAZRemit

It is a digital platform which is licensed as a money transmitter by the New York State Department of financial services. There are many benefits of using this platform. It charges less fee when compared to other options. It also takes less amount of time to complete the transaction. Nigeria has recently crossed the $25 billion mark in remittance inflows as stated in the report – Nigeria Economic Outlook, which means a large amount of money is transferred every year to Nigeria from the US. Using FAZRemit, people can perform money transfer to Nigeria anytime they want. The steps to be followed are quite simple for sending money to Nigeria through FAZRemit. You have to sign up for using this service.  FAZRemit gives extra protection to your money. This can be the best option for people from Rhode Island to send money Nigeria.

Precautions to be taken to send money to Nigeria

Even though sending money through online portals has become a common process there are still certain risk factors involved in this process. One of the most important risk factors is to send money Nigeria through online websites may sometimes result in online fraud activities.  These websites attract people with exciting offers and steal their money in the end without making the transfer. Nowadays the online transaction websites are also made legal by the government so before choosing a website it is essential to check their authenticity and popularity. Do not let one fraudulent website restrict you from money transfer. With a proper source and website, people can transfer money securely.

People can choose some websites like FAZRemit to perform money transfer from the United States to Nigeria, Ghana, and Kenya. So stop worrying about losing money and transfer immediately to your loved ones through this technique.

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MONEY TRANSFER TO NIGERIA FROM PENNSYLVANIA

Pennsylvania is a northeastern state in the United States. The state is well known for its business activities and they involve investments in many countries including Nigeria. The state also…

Pennsylvania is a northeastern state in the United States. The state is well known for its business activities and they involve investments in many countries including Nigeria. The state also houses Nigerians who work and send their money to their country for economic development and personal requirements by their families. The survey taken in 2016 estimates to 380,785 Nigerians living in the USA. They are widespread across the country including Pennsylvania. The country of Nigeria depends upon the money these people send for their economic development and other basic requirements. This is the main source of income for the country. There are various ways for money transfer to Nigeria. Some are following.

THROUGH ONLINE TRANSFER

If you are living in Pennsylvania and you have to send money to Nigeria, then an online transfer is one of the fastest ways to transfer money to Nigeria. You just need to go through some simple steps, and your money will be sent there. Fill the account details in which you have to transfer money, then fill the account holder name, then fill the amount to be transferred in the receiver account. Just this effort and your money will be transferred successfully. This is one the best way to save your time in sending money anywhere. So using this method from people from anywhere in the United States, send money to Nigeria. Many of us are using this option because of the advantages of instant delivery, low cost, and safety.

Through banking

If you are away from technology, then this might be the best option for you to money transfer to Nigeria. It is one of the oldest methods, to send money anywhere. Almost all banks nowadays perform these transactions. It takes 1 to 5 days on average to transfer your money anywhere. It may take more days but it the most trustable way for money-related topics. You have to go through some simple steps to send your money. Just fill the account details in which money is to be transferred, fill the account holder details in an appropriate place, fill the amount to be sent. These simple steps and your money will be transferred at no charges.

Money transfer to Nigeria through MTO’s

There is one more final option available to send your money. This is a more time-consuming method It might take 6 to 7 working days or even more to complete the process. You can send the money anywhere and without any transaction. You just need to contact the courier official for the procedure. They will tell you what to do to complete the process. Using this option, from Pennsylvania, united states, send money Nigeria.

These are the various ways through which we can transfer money to Nigeria. The options are wide. The option chosen for money transfer depends on the availability of a resource. Money transfer is now not a big deal. So, analyze the option and choose the best method that suits your needs.

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Money Transfer to Nigeria From Ohio, USA

Ohio is the 7th largest state in the United States in terms of population. The state is home to 11.5 million people with almost 16.4% being of African origins. Though…

Ohio is the 7th largest state in the United States in terms of population. The state is home to 11.5 million people with almost 16.4% being of African origins. Though it is a predominantly white state, there are African Americans spread out in all parts of the state. Ohio’s African immigrants are growing in size, diversity, and impact.

With a remittance outflow of $7.2 billion in the last year, Nigerian Americans are a vital catalyst to Nigeria’s growth. The diaspora in America helps in the economic and social growth of their home country with remittances. This corridor of international money transfer is of vital importance but has seen little help from Financial Institutions. Banks and IMTOs which dominate this corridor do not offer value to the diaspora who use their services.

The internet revolution in Nigeria has brought on a new competitor in this space. Platforms like FAZRemit value their customers and offer them a bang for their buck.

Money transfers to Nigeria Undermined and taken Advantage of

Banks

Banks are the oldest financial firms to offer international money transfers to Nigerian Americans. They provided services which took 2-3 weeks to remit to the benefactor’s accounts.

They charge a processing fee tied to the fluctuating foreign exchange rates. These foreign exchange rates are never a value-adder to send money to Nigeria from the United States. De-Risking laws in Nigeria leave African Americans with no other choice for money transfer to Nigeria from Ohio.

IMTOs

International Money Transfer Operators (IMTOs) act like banks but are not banks. They provide branch-to-branch money transfer services to its customers. These faster services often took advantage of the lack of competition in the US-Nigeria corridor. The prime example being the 7-10% processing fee they charge for a 2-day remittance. They are faster than banks, but not the fastest. And they are not in any way the most affordable. In fact, many users claim they are as expensive or more than the banks themselves. All this while the customers themselves have no access to the workings of the service.

Online Platforms

Online platforms for money transfer to Nigeria from the US, like FAZRemit,  changed the demographic for the better. FAZRemit assures its customers fast, affordable and safe remittances to Nigeria. The customer-oriented services give the users access to all the details concerning the transactions. The transfers themselves take place in an instant through online mediums. This is an emerging market where the new player is standing up to the Big-guns. They are in fact providing more value to the customer.

FAZRemit Helps to Improve Money Transfers to Nigeria

FAZRemit is the industry frontrunner in the online money transfer services from the United States to Nigeria. They ensure a fast, safe and affordable medium for thousands of Nigerian Americans to send money to their loved ones.

Registering with FAZRemit is simple and easy to do from Ohio online. The user interface enables the user to have access to their account details and transaction details. It is completely customer centric and easy to use.

FAZRemit checks KYC documents of the starting and termination points. This is to safeguard the customers and their money. This level of security weeds out illicit activities from ever entering the platform. 24/7 customer service and prompt response help the customer at every step.

FAZRemit’s services have no match in the online transfer market in terms of value. They charge the lowest processing fee among all other service providers. The fee amounts to 1.7% of the total remittance amount is the lowest in this corridor. This is helping thousands of Nigerian Americans to send money to Nigeria without second thoughts.

Read: Choice of a faster safer and affordable Money Transfer Service

The importance of remittance for the Nigerian economy can never be overstated. With remittances forming almost 6% of the nation’s GDP, FAZRemit is giving the nation a new lifeline.

Become a user of FAZRemit today to send money to Nigeria from Ohio, United States. A future of prosperity awaits for your loved ones and the Nigerian Economy.

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Money Transfer to Nigeria From North Carolina

Nigerian diasporas play a major role in the growth of their home country through remittance money. They remitted $34.5 billion in 2018 into their home country and their loved ones…

Nigerian diasporas play a major role in the growth of their home country through remittance money. They remitted $34.5 billion in 2018 into their home country and their loved ones making up 6.1% of the GDP. With a $7.2 billion inflow from the United States alone, the diaspora is a major component of the remittance machine.

North Carolina, like most states in the US, has seen an increase in the African American population since the 1990s. Today, African Americans make up 11.2% of the total 10 million population in the state. Of that percentage, Nigerian Americans make up most of the ethnic population in the state.

Money transfer to Nigeria has been a major talking point in recent times. The predominant platforms of banks and IMTOs do not offer the diaspora any value for their remittances anymore. The importance of an easily accessible remittance corridor to send money to Nigeria from the US is on the rise. And this has led to the entry of online automated service platforms like FAZRemit. What made online platforms spring up in the first place?

Do You Want ‘A’ or ‘A+’?

Banks

The oldest of the money transfer firms, all governments recognize them as financial institutions of trust and security. They offer services to their customers with a lot of drawbacks because of no competition in the space. Money Transfer to Nigeria through banks is slow. They take anywhere from 2 to 3 weeks to remit money to a Nigerian bank account. The processing fee involving the foreign exchange rates is high for Nigeria, which is an African country. The fluctuating fee also gives the diaspora a headache while sending money to Nigeria each time.

IMTOs or Banks 2.0

International Money Transfer Operators tried to attract customers with faster transactions and a standard processing fee. A win-win situation until we look at the fact of the matter. Their faster services take 2-3 days and charge their customers a premium for the service. The processing fee involved may be as high a 10% which offers no value for the customers. Many users feel it may even be more expensive than banks at certain times. Thus they are not a lot better than banks.

The A+

With no real differentiators and de-risking laws creating a further muddle, these services reigned supreme. But there’s a new player in town and it offers fast, affordable transactions completely controlled by the user. We are talking about Online Automated Services like FAZRemit.  They ensure their customers a very different experience from the aforementioned platforms. You could say FAZRemit provides its customers with an A+ service compared to banks and IMTOs.

Read: Online services are easier to wire money to beneficiaries in Nigeria

Why Not FAZRemit Use for Money Transfers to Nigeria?

FAZRemit offers its customers a fast, safe and affordable means of money transfer to Nigeria from the US. The platform has given the diaspora a better choice. Since its inception, FAZRemit has already helped thousands of Nigerians remit money to their families in Nigeria.

Registering to FAZRemit allows the user to send money to Nigeria at the click of a button. It is possible to send $2499 instantly and can have no upper limits if need be. The platform offers its services even in North Carolina with online registrations.

KYC documents submitted during registration undergoes verification to safeguard the customers and their money. A customer also has all the details of transactions available to him/her. They can view it through the easy to access platform interface.

FAZRemit provides all these services at the lowest processing fee in the market. The 1.7% fee charged by FAZRemit is a far cry from those charged by major banks and IMTOs. It is easy to see why the next time you send money to Nigeria, FAZRemit offers better value.

Join FAZRemit today to avail its online services for yourself from North Carolina. Money transfer to your loved ones in Nigeria has never been so fast, safe and affordable!

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Money Transfer to Nigeria From New York, USA

The city that never sleeps is a major component of the United States in creating jobs and providing futures to its citizens. It is also a beehive of African Americans…

The city that never sleeps is a major component of the United States in creating jobs and providing futures to its citizens. It is also a beehive of African Americans with 25% making up the 8 million-strong population. African Americans have thronged to the city since the 19th century in the famous Bronx and Brooklyn area. Nigerian Americans have taken a liking to the city for the same main reasons, growth, and prosperity.

New York is home to a 223,000 strong Nigerian diaspora whose remittance is helping their families back home. Money transfer to Nigeria from the US accounted for $7.2 billion in 2018. The Nigerian diaspora has predominantly gone to banks and IMTOs for these international transfers. But is that because it is their choice or is it because they don’t have another?

FAZRemit offers the diaspora in the United States a better choice for money transfers to Nigeria with quicker, affordable transactions.

Inconsistent Platforms

Banks

Banks have been at the helm of services chosen for international transfers by the Nigerian Diaspora. They offer safe and secure transactions but at fluctuating foreign exchange rates. The corridor to Nigeria is an expensive one due to the country being in a high-risk zone. These fluctuations undermine the value of the remittance to the diaspora and their families. Bank transactions also take 2-3 weeks to remit to Nigerian bank accounts, which according to today’s standards is utterly slow.

IMTOs

International Money Transfer Operators took advantage of the slow bank transactions to create a web of their own. Their services cut down the time for remittances from 2 to 3 weeks to 2-3 days, which is still slow. They charge their customers a premium for these ‘fast transactions’ which may go as high as 8-10%. This robs the senders and receivers of their remittance money which is a huge drawback of IMTOs. They also give the customers zero control over the transactions.

Online Platforms

Online platforms try to ease the pain that the Nigerian diaspora face to get money to their loved ones in Nigeria. They help the diaspora in money transfer to Nigeria with a lot more freedom and accessibility. FAZRemit assures its customers fast, safe and affordable services to send money to Nigeria from New York and the USA.

FAZRemit’s Accessible Services for Money Transfers to Nigeria

Ever since its establishment, FAZRemit has been trying to enable the Nigerian diaspora with easy transfers to Nigeria. They assure their users more accessible and faster services than banks and IMTOs by using online transfers. With more access to transactions and even more value, it is one of the best choices available right now.

Read: Choice for a safe and affordable transaction to Nigeria from the US.

Registering on FAZRemit allows the user to send up to $2499 instantly to a benefactor’s account. The service does automated KYC documentation check at the time of registration for safety and security. The platform also provides prompt replies to any queries of the customer with a 24/7 customer service. The user has maximum accessibility to transactions and can track it to the benefactors account unlike at the IMTOs or banks.

FAZRemit offers its services at the lowest processing rates in the market. This provides the customer value for their transactions with a charge of just 1.7% for the remittance. The increase in internet and mobile penetration in Nigeria has made online money transfers to Nigeria with FAZRemit an option. With such low prices and so much value, is there really a need to choose?

For fast, safe and affordable transactions to your loved ones in Nigeria use FAZRemit. Join today to send money to Nigeria from New York!

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