Sending Money: Azerbaijan To Nigeria

There are several ways to send money from Azerbaijan to Nigeria, each with its own unique features. Some of the most popular methods include using money transfer services like Wise, WorldRemit, or Western Union. These services offer various benefits, such as fast transfers, low fees, and secure transactions. Additionally, bank transfers and debit/credit card payments are also viable options for sending money between these two countries. It is important to compare exchange rates, transfer fees, and transfer limits when choosing the best method for your specific needs.

Using a credit card to transfer money

TransferGo is a money transfer service that allows you to send money from Azerbaijan to Nigeria using a credit card. The TransferGo app is available for download on iOS and Android devices.

• Download the TransferGo app on your mobile device.
• Choose how much money you want to send and when you want to send it.
• Select AZN, EUR, USD, or GBP as the currency you are sending from.
• Add the recipient's details, including their full name and card details.
• Choose a payment method. TransferGo accepts Visa and Mastercard for credit card transfers.
• Pay for your transfer using your credit card details.

It is important to note that TransferGo does not currently support cash pickup services or transfers to the recipient's bank account using their bank account number. Transfers to Nigeria are delivered directly to the recipient's card.

Additionally, TransferGo offers favourable exchange rates and does not charge any fees for transfers to Nigeria. The delivery time for instant transfers is usually within 2-3 minutes, while standard transfers may take up to one working day.

Another option for sending money from Azerbaijan to Nigeria using a credit card is Xoom. However, the information provided does not specify the steps involved in using Xoom for credit card transfers.

It is always recommended to compare multiple service providers, considering factors such as fees, exchange rates, delivery times, security, and customer support, before choosing a money transfer service.

Best currency brokers

When it comes to transferring money from Azerbaijan to Nigeria, there are a few things to consider to ensure you're getting the best deal. The best currency brokers will offer a combination of fast transfers, low fees, great exchange rates, and helpful service. Here are some of the top options to consider:

Wise

Wise, formerly known as TransferWise, is a popular choice for sending money to Azerbaijan. They offer competitive rates, fast transactions, and an easy-to-use platform. Wise is recommended for its transparency regarding fees and transfer times. While they don't currently support sending Azerbaijani Manat (AZN) to Nigeria, you can send United States Dollars (USD) through an international wire transfer.

Western Union

Western Union is another well-known money transfer service. They offer a fast option for sending money, with cash pickups available in a matter of minutes. However, this convenience comes at a cost, as Western Union tends to be more expensive than other providers. They are a good option if speed is your top priority.

WorldRemit

WorldRemit is an authorised and regulated money transfer service that offers fast, low-cost, and secure online money transfers to Nigeria. They provide regular updates and tracking for your money transfers. WorldRemit also offers fee-free transfers for your first three transactions.

Torfx

If you're transferring larger amounts, TorFx is recommended for sending money overseas. They offer free transfers with no fees for amounts over £5000.

TransferGo

TransferGo is another reputable provider that often offers competitive rates for money transfers. They have been known to provide the fastest transfer times, sometimes delivering funds on the same day.

When choosing a currency broker, it's important to compare multiple options and consider the specific details of your transfer, such as the amount, timing, and payment method. By reviewing the features and fees of each service, you can make an informed decision to ensure your money reaches its destination in Nigeria quickly and securely.

Using a debit card to transfer money

TransferGo, Western Union, Sendwave, and WorldRemit are some of the platforms that allow you to send money from Azerbaijan to Nigeria using a debit card. Here is a step-by-step guide on how to use these services:

TransferGo:

• Download the TransferGo app or access their website.
• Choose how much money you want to send and when you want to send it.
• Add the recipient's details, including their full name and card details.
• Choose your payment method. You can pay using your debit card details.
• Make the transfer.

Western Union:

• Log in to your Western Union profile or register and verify your account for free.
• Start your money transfer by clicking on the "Send Now" button.
• Type in "Nigeria" as the destination and specify the amount you wish to send.
• Choose "Bank Account" as the receive method.
• Enter the recipient's bank account details, including their name and address.
• Pay for your transfer using your debit card.

Sendwave:

• Download the Sendwave app.
• Link your debit card and verify your identity.
• Follow the prompts in the app to enter the recipient's details and complete the transfer.

WorldRemit:

• Sign up with your email address and create a strong password. You can use their app or website.
• Select Nigeria as the receive country and enter the amount you wish to send.
• Choose the receive method. This could be a bank transfer or a mobile money transfer.
• Enter the recipient's details, such as their full name, mobile number, and account details, depending on the receive method.
• Pay for your transfer using your debit card.

Please note that each platform may have specific requirements and instructions, so it is recommended to review their terms and conditions before initiating a transfer. Additionally, some platforms may have transfer limits and fee structures, so be sure to familiarize yourself with these details as well.

International wire transfers

To send money from Azerbaijan to Nigeria, you can use an international wire transfer. This is an electronic transfer of funds from one bank account to another.

How to Make an International Wire Transfer:

Online:

• Log into your online banking profile.
• Find the wire transfer section.
• Enter the recipient's banking details, including their name, address, account type, account number or IBAN, and their bank's SWIFT/BIC code.
• Specify the currency and amount of the transfer.
• Pay your bank's processing fee, which is typically between $40 and $50.
• Check how long the transfer will take; most banks estimate 1-2 days.

In-Person:

• Call your bank to confirm they offer in-person wire transfers.
• Bring the recipient's banking information, including their name, address, account type, account number or IBAN, and their bank's SWIFT/BIC code.
• Ask the bank teller to walk you through the wire transfer process and provide any additional information they require.
• Pay the international wire transfer fee, which is typically between $40 and $50.
• Check how long the transfer will take; most banks estimate 1-2 days.

Alternative Services:

If you are concerned about your bank's fees, you can use an alternative transfer service such as Western Union, PayPal, Wise, Remitly, OFX, WorldRemit, or TransferWise. These services typically offer lower fees and faster transfers, but the trade-off is that the transfer can take slightly longer.

Using a money transfer company

There are several money transfer companies that can help you send money from Azerbaijan to Nigeria. These include Western Union, MoneyGram, Wise, Ria, OFX, and XE. Each company has its own unique features, transfer fees, exchange rates, transfer times, and safety protocols.

Western Union

• Western Union has been in the business of transferring money for over 160 years and is a well-known and trusted company.
• They offer convenient ways to send and receive money, with over 61,000 agent locations in the US and 4,500 agent locations across Nigeria.
• You can transfer money directly to bank accounts in Nigeria, including First Bank of Nigeria, GTBank, and Access Bank.
• Western Union also offers a fast transfer option, which ensures that your money reaches its destination in a matter of minutes, although this option is more expensive than most competitors.
• They provide encryption for your transfers and resources to help you spot scams and fight fraud.
• Western Union makes money off currency exchange, and there may be additional fees involved in the transfer process.

MoneyGram

• MoneyGram is another established company that may be able to help with transferring money from Azerbaijan to Nigeria.
• They offer online money transfers and have a global network of agent locations where you can pay in cash or speak to an advisor.

Wise

• Wise, formerly known as TransferWise, is recommended by some sources as the best overall way to send money to Azerbaijan due to its good rates, fees, and transfer times.
• Wise is a peer-to-peer money transfer system that is easy to use. Once you set up your account, you simply input the amount and destination, pay for the transaction, and wait for your money to reach its destination, usually within a day or two.
• Wise charges a small upfront fee and no hidden currency conversion costs, making it a cost-effective option.

Ria

• Ria offers transfers to over 165 countries and has a network of 4,000+ locations in Nigeria.
• You can choose between cash pickup or bank deposit for receiving money.
• They have a mobile app that allows you to track your transfers, check rates, and find nearby Ria locations.
• Ria also provides exclusive rates and a $0 fee on your first transfer with a promo code.

OFX

• OFX is a currency specialist offering quick international transfers and currency risk management solutions for individuals and businesses.
• They provide a broad range of supported countries and currencies, a 24/7 phone service, and online and in-app access.
• OFX has no transfer fee from Canada, but there may be third-party fees.
• The fastest provider in some tables to wire money to Azerbaijan is OFX, with a transfer time of 1-3 days.

XE

• XE offers transfers to over 104 countries and is the cheapest option in some tables, with a low fee of $60 CAD and a competitive exchange rate.
• You can send money online and through their app, and they provide trusted and safe money transfers.
• Transfer times vary based on the payment method and destination country.

When choosing a money transfer company, it is important to compare the fees, exchange rates, transfer times, safety measures, and convenience of each option. Additionally, keep in mind that transfer costs can include transfer fees, exchange rates, and third-party charges.

Frequently asked questions