Sending Money Safely From Austria To Nigeria

There are several ways to send money from Austria to Nigeria. The most popular methods include using online providers such as Remitly, TransferGo, Dahabshiil, and Western Union. These providers offer competitive exchange rates and low fees, with Remitly being the cheapest and fastest option for cash pickups in Nigeria. Another option is to use a bank transfer, either through a traditional bank or a specialised money transfer service like ATL Money Transfer, which offers next-day transfers to any bank account in Nigeria. It is important to consider security, speed, and affordability when choosing a money transfer service and to be aware of potential scams.

Using a mobile app

There are several mobile apps that you can use to send money from Austria to Nigeria. Here is a step-by-step guide on how to use some of them:

Remitly

Remitly is a well-liked payment app that allows transactions from 21 to at least 100 countries. It offers a variety of payment methods, simple in-app and internet payments, fixed transfer charges, and no minimum transfer amount.

To send money from Austria to Nigeria using Remitly:

• Create an account using your email address through their website or mobile app.
• Select the currency (EUR), the amount you want to send, and the delivery speed.
• Choose how your money will be delivered (cash pickup or bank deposit).
• Enter the name and information of the recipient.
• Enter your payment information and confirm the transfer.

Western Union

Western Union is another popular option for sending money internationally and is available for personal, online, and app services.

To send money using the Western Union app:

• Download the Western Union app and register for a free profile.
• Start your money transfer on the app and select your payment method (cash, credit card, or debit card).
• Track your money transfer and get notified when it arrives.
• Save your recipient's details for quick repeat transfers.

WorldRemit

WorldRemit is a multi-currency money transfer app that works in over 130 countries and offers no additional fees. With WorldRemit, you can send money to Nigeria in minutes, and the funds can reach their destination within a day.

To send money using WorldRemit:

• Sign up with your email address and choose a strong password. You can use the app or the website to register.
• Select Nigeria as the receive country, enter the amount you want to send, and choose the receive method (bank deposit or cash pickup).
• Enter the recipient's details, such as their full name, mobile number, and email address.
• Pay for your transfer using a bank transfer, debit card, or credit card.

Grey

Grey is a leading multicurrency account in Nigeria with over 400,000 registered users. You can hold, send, and receive Euros once you have a Grey account.

To use Grey to send money from Austria to Nigeria:

• Download the app and register for an account.
• Verify your account.
• Add money to your NGN account via bank transfer.
• Convert your NGN to EUR.
• Enter the amount you want to exchange.
• Confirm your transaction.
• Select your EUR account.
• Generate a foreign account number and confirm your account details.
• Send the account number to the recipient.

Eversend

Eversend is a popular multicurrency wallet application in Africa that allows you to hold, send, and swap between multiple currencies.

To use Eversend to send money from Austria to Nigeria:

• Download the app and register for an account.
• Verify your account.
• Fund your NGN account via bank transfer.
• Exchange your NGN for EUR.
• Enter the amount you want to exchange.
• Confirm your transaction.
• Swipe to your EUR wallet and enter the amount of EUR.
• Follow the on-screen instructions to send your payment information to the recipient.

These apps provide convenient and secure ways to send money from Austria to Nigeria, each offering its own unique features and benefits. Be sure to compare their fees, exchange rates, and transfer speeds to choose the one that best suits your needs.

Using a website

There are several online money transfer services that you can use to send money from Austria to Nigeria. Here are some options:

Remitly

Remitly is a popular option for sending money from Austria to Nigeria. You can use their website or mobile app to create an account, select the amount and currency you want to send, choose the delivery speed and method, enter the recipient's information, and confirm the transfer. Remitly offers a special exchange rate for your first transfer, and there are no fees on all transfers. You can also track your transfer every step of the way.

Western Union

Western Union is another well-known money transfer service that allows you to send money online, through their app, or in person at one of their agent locations. To send money online, you need to register for a free profile and verify your ID. Then, enter the recipient's country and amount, select the bank account option, add the recipient's bank account details, and pay using a credit or debit card. Western Union encrypts your transfers to ensure security.

WorldRemit

WorldRemit is an authorised and regulated money transfer service that offers fast, low-cost, and secure online money transfers to Nigeria. You can use their website or mobile app to register, select the receive country and amount, choose the receive method, enter the recipient's details, and pay for the transfer using a bank transfer or debit/credit card. WorldRemit provides regular updates and tracking for your money transfers.

Wise (formerly TransferWise)

Wise offers low-cost, secure online money transfers from Austria to the UK. To use their service, you need to sign up for a free account, choose the amount you want to send, add the recipient's bank details, verify your identity, and pay using a bank transfer or debit/credit card. Wise uses the real exchange rate and does not charge any hidden fees. They also offer dedicated support for large transfers.

When choosing an online money transfer service, it is important to compare fees, exchange rates, transfer speeds, security measures, and customer reviews to find the best option for your needs.

Choosing a cash pickup location

When choosing a cash pickup location in Nigeria for money sent from Austria, there are several options available.

Remitly, a popular money transfer service, offers cash pickup at the following locations in Nigeria: 9 Payment Service Bank, Accion Microfinance Bank, Adeyemi College Staff MFB, Advans La Fayette Mfb, and Akwa Savings & Loans Ltd.

Another option is to use a service like Xoom, which allows you to send money for cash pickup at locations throughout Nigeria, including Ria.

When selecting a cash pickup location, it is important to consider the convenience and accessibility of the location for the recipient. It is also essential to ensure that the chosen location is secure and reputable to protect the safety of the transaction.

In addition to cash pickup locations, there are also several banks in Nigeria that you can transfer money to directly. Some of the available banks include Oceanic Bank International PLC, Keystone Bank Limited, Nigeria International Bank (Citigroup), and Afribank Nigeria PLC.

It is always recommended to research and compare multiple money transfer services to find the one that best suits your needs in terms of cost, speed, security, and convenience.

Bank transfers

Western Union

Western Union is a well-known company that has been in the business of transferring money for over 150 years. They offer a secure and reliable service, with encryption technology to protect your transfers.

To send money from Austria to Nigeria using Western Union, you will first need to create a free profile on their website or app. After logging in, you will need to enter your recipient's details, including their full name, address, and bank details. For bank transfers to Nigeria, you will specifically need the recipient's bank account number, the name of the bank, and the bank's address.

Western Union offers various payment options for sending money. You can use your credit or debit card, or transfer funds directly from your bank account. They also offer the option to start the transfer in the app and then pay in cash at one of their agent locations.

Once you have entered the transfer amount and destination, Western Union will provide you with a tracking number (MTCN) that you can share with your recipient so they can track the funds.

Remitly

Remitly is another popular option for sending money from Austria to Nigeria. They offer a secure platform with multi-level security to protect your data and funds.

To use Remitly, you will need to create an account using your email address through their website or mobile app. After selecting the currency and amount you want to send, you will need to choose the delivery method. For bank transfers, you will need to provide the recipient's bank account information.

Remitly allows you to track your transfers and guarantees delivery on time. They also offer a special exchange rate for your first transfer and no fees on all transfers.

Monito

Monito is a comparison engine that helps you find the best way to send money internationally. They provide independent and in-depth evaluations of various money transfer services, including their fees, exchange rates, and customer satisfaction ratings.

According to Monito, some of the best providers for transferring money from Austria to Nigeria are Remitly, Dahabshiil, and Western Union. These providers often offer the cheapest, fastest, and most reliable services.

When using any of these platforms, it is important to double-check your recipient's information, be aware of the exchange rates, and use a secure internet connection to protect your information.

Using a credit or debit card

Step 1: Choose a Reputable Money Transfer Service

Look for a well-established and trusted money transfer service that offers transfers from Austria to Nigeria. Examples include Western Union, Remitly, TransferGo, and WorldRemit. Compare their fees, exchange rates, transfer speeds, and security features to select the best option for your needs.

Step 2: Create an Account

Sign up for an account with your chosen money transfer service. You will typically need to provide your name, email address, and create a password. Some services may also require additional information, such as your address and phone number.

Step 3: Enter Recipient Details

After creating your account, you will need to provide the details of the recipient in Nigeria. This includes their full name, bank account information (such as the account number and SWIFT or IBAN code), and sometimes their address. Double-check that all the information is accurate to avoid delays.

Step 4: Choose the Transfer Amount and Speed

Select the amount you wish to send and the delivery speed. Different services offer varying transfer speeds, from instant transfers to next-day or standard transfers. Keep in mind that faster transfers may incur higher fees.

Step 5: Pay with Your Credit or Debit Card

Proceed to the payment page, where you will enter your credit or debit card details to complete the transfer. Review the total cost, including any fees and the applicable exchange rate. Then, confirm the transfer.

Step 6: Track Your Transfer

Most money transfer services provide a tracking feature that allows you to follow the progress of your transaction. You may also receive notifications or alerts when the recipient receives the funds.

Frequently asked questions