How to transfer money to Nigeria from Egypt There are several ways to send money to family or friends in Nigeria if you have any. Some of these techniques are quick, while others are less expensive.
Each approach also has particular conditions and costs. Ask yourself what matters most to you before selecting a method: the exchange rate, costs, quickness, or convenience.
Which service you select will depend on these criteria. Based on your needs, this guide will explore the most efficient way to send money from Egypt to Nigeria.
Key Takeaway
- what are the 5 best ways to send money from Egypt to Nigeria
- How To Send Money from Egypt to USA
- Factor to consider before choosing a method to send money from Europe to USA
- Does Egypt use WorldRemit?
5 Best Ways To Send Money From Egypt to Nigeria
What is the best and cheapest way to transfer money from Egypt to Nigeria?
Below are A few names worth considering, and they include the following:
1. WorldRemit:
International money transfers have never been simpler. It only takes a few minutes to send money to friends, family, and customers around the world with WorldRemit.
WorldRemit is a digital cross-border remittance company that offers international money transfer and remittance services in over 130 countries and 70 currencies. Ismail Ahmed, Catherine Wines, and Richard Igoe founded it in 2010.
2. Skrill:
Skrill is a payment system based in the United Kingdom, with headquarters in London. It was founded in 2001. The Paysafe Group acquired Skrill in 2015. The Financial Conduct Authority oversees this payment company’s operations.
Money transfer is Skrill’s top priority. Customers can, however, make payments online.Both a prepaid card and an e-wallet are available from Skrill. The prepaid card is available in GBP, EUR, USD, and PLN, four distinct currencies. Users also have the option to link a bank account when making payments online.
3. Azimo:
Azimo has your back whether you want to transfer money using your bank account, credit card, or even debit card. Azimo is a simple and convenient online money transfer service.
It is powered by a sleek website and intuitively designed mobile applications, allowing its customers to send to over 200 countries worldwide. Its transfers are fast and inexpensive, particularly when sending money to South Africa, Nigeria, and other African countries.
4. TransferWise:
It is a faster and less expensive method of transferring funds. It has the trust of 7 million people, proving that it is extremely reliable.TransferWise is the new way to send your money around the world as easily and cheaply as possible.
With TransferWise, you should notice that your fees are always reasonable and that you get the true exchange rate. The same ones that big corporations and banks get. However, TransferWise provides those rates as well.
5. Payoneer:
Payoneer’s main selling points are its ease of use, competitive exchange rates, and excellent customer service. Payoneer is a payment platform that lets merchants send and receive payments without the need for a merchant account. Payoneer does not allow merchants to bill customers directly. Instead, businesses submit payment requests via the platform and wait for customers to send funds.
How To Send Money from Egypt to USA
Each transfer service provides detailed instructions on how to send money abroad. However, they generally follow the same procedure.
Register or Sign In
Create an account with the best international money transfer service for your needs. Provide your driver’s license, passport, or other government-issued identification to prove your identity
Provide the details of the recipient
Enter the name and banking information of the person receiving the funds. Choose a place if your receiver needs to pick up the money. Please supply the recipient’s name precisely as it appears on their government identification.
Choose How Much to Send
Choose how much money you want to send and which currency your receiver will receive.
Pay for Your Transfer
You can pay for the transfer with a credit card, a debit card, or a direct bank transfer. Paying for the transfer with your bank account will be the least expensive choice, whereas paying with a credit card would almost certainly result in costs.
Track Your Funds
Most services will show an estimated delivery date and time when you make the transaction. They frequently allow you to monitor the progress of your international money transfer.
Factor to consider before choosing a method to send money from Europe to USA
Several factors must be considered when selecting a way to transfer money to another country.
There are a variety of choices available to consumers who want to send money to family or friends abroad, but the cost and processing time should be taken into account before choosing a method:
- Fees.
- Limits on amounts.
- Timing.
- Money destinations.
- Countries.
1. Fees:
To send money outside of the United States, a bank or business-like like Western Union or PayPal will charge you fees. Usually, a percentage of the total is charged as the fee. Another thing to keep in mind is that the business will probably add a markup to the currency exchange rate.
2. Limits on amounts:
Limits on amounts are another thing to think about. There may be minimal and maximum sums you can send abroad, depending on the bank or firm you choose, in order to adhere to various international banking requirements.
The restrictions might be cumulative over a predetermined amount of time or apply to every transaction.
3. Timing:
The time it takes for the money to arrive in another country is a significant determining factor. It can take a few days or longer for the money to appear in your bank account. I
f the money transfer needs to be done almost instantly, there are additional methods. Be prepared to pay an additional fee for convenience if your receiver requires the money right now.
4. Money destinations:
Some providers may transfer money into a bank account, while others would require the recipient to have an account with the service. Before the money transfer, decide which option is the most convenient. Other organizations, such as Western Union, allow consumers to pick up actual cash at various physical locations.
5. Countries:
Shop around and compare different services because many are limited to specific countries and are not available everywhere.
Read Also:
How To Transfer Money From PayPal To Bank Account Or Debit Card
How To Accept Credit Card Payments In 7 Simple Ways
How To Get Instant Approval Virtual Credit Card With Instant Use
Does Egypt use WorldRemit?
90% of transfers to Egypt are made in a matter of minutes to WorldRemit’s local partners there. Afterward, this money will either be put into the recipient’s bank account or mobile money account, or it will be available for cash pickup by the receiver (Cash Pickup).
Can Egypt send money through Western Union?
You can send money directly to their bank account or schedule a quick cash pickup at a Western Union Agent location. Send money directly to an Egyptian bank account. Yes, you can Send money to any one of Egypt’s 200+ Western Union agent locations.
Conclusion
Haven walked you through the best ways to send money from Egypt to Nigeria; kindly share your view with us in the comment section, and if you have any further questions, we will be glad to assist you.
https://financialquest.com.ng/how-to-send-money-to-someone-from-other-countries-to-nigeria/
https://fromto.money/transfer/from-egypt/to-nigeria
https://nigerianfinder.com/how-to-send-money-from-egypt-to-nigeria/
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