Are you a Nigerian living in Hong Kong and searching for how to send money to Nigeria? If yes, then you’ve come to the right place.
Hong Kong is a country with a vast population of Nigerians residing in it. And as such, Google search queries about sending money to Nigeria from Hong Kong are certain.
Hong Kong is a very long distance from Nigeria, but thanks to the introduction of different international transfer providers, your money can reach Nigeria in a matter of minutes, hours, or a few days in rare cases.
Here, we will be discussing some of the ways through which you can send money to friends and family from Hong Kong to Nigeria.
What are the requirements for sending money to Nigeria from Hong Kong?
Some of the things you need to be able to send money to Nigeria from Hong Kong include:
- An account with an international money transfer provider
- Your recipient’s bank details
- Your credit or debit card, digital wallet, or any other means provided to pay with.
Which app can I use to send money from Hong Kong to Nigeria?
There are a lot of money transfer apps you can use to send money to Nigeria. However, there are a few things to consider when choosing. Some of these include exchange rates, service fees, reviews from their existing customers, and the swiftness of their service.
Of course, it is not possible for you to know anything about all these if this is your first time. The best way to find out is by using online tools like monito, fromto.money, and remitfinder. With these tools, you can compare their exchange rates, reviews, and ratings. Some of the trusted international money transfer platforms you can use to send money to Nigeria from Hong Kong include:
How do I transfer money to Nigeria from Hong Kong?
There are a number of online transfer platforms you can make use of. Just make your choice and follow the below process:
- Download the app from the Play Store or App Store and sign up, or sign up online.
- Finish the registration process.
- Now, on the app, initiate a transfer transaction.
- Select NGN as the currency representing that your transaction is to Nigeria.
- Choose the bank code of your recipient’s
- Input the other details asked for.
- Input the amount you are sending.
- Check the amount your recipient will receive, including the transaction fee.
- Pay with a bank transfer, credit or debit card, digital wallet, or any other means provided.
- Check if your transaction was successful by tracking it from the app.
- Wait as your money travels to Nigeria.
What is the best way to send money to Nigeria from Hong Kong?
Based on a monito review, Instarem is currently rated as the best option to send money from Hong Kong to Nigeria. It is arguably and currently the best in terms of swiftness, exchange rate, and service fee.
What is the fastest way to send money from Hong Kong to Nigeria?
Instarem is considered the fastest way to send money to Nigeria from Hong Kong. The recipient will receive the money instantly, or in a few minutes to a few hours at most. It is also considered the cheapest for HKD-to-NGN money transfers.
What is the cheapest way to send money from Hong Kong to Nigeria?
If you want your recipient to receive the money in naira, then Instarem is the cheapest in terms of exchange rates. But if your recipient is receiving with a USD domiciliary account, wise and XE money are the cheapest when compared to others.
What is the exchange rate to send money from Hong Kong to Nigeria?
There are actually no fixed exchange rates. If you did a Google search, you did get the current HKD to NGN to dollar exchange rate. However, exchange rates differ across various transfer platforms and are often a little higher than the official exchange rate. Transaction charges also apply. For most transfer platform transactions, it ranges from 0.1 to 0.8% of the money you are sending.
How can I send money to Nigeria from Hong Kong for free?
Sending money from Hong Kong to Nigeria often comes with service charges and, in some cases, hidden charges. Xe Money Transfer offers free money transfers for most users, especially first-time users. Some of the other platforms also offer discounts and bonuses.
Sending money to Hong Kong using online international transfer providers is the best way to send money to Nigeria. Alternatively, you can also use local bank wire services; the only downside is that they often come with high exchange rates and charges. We hope you find this article helpful.