HOW TO SEND MONEY TO NIGERIA FROM SINGAPORE

Ways To Send Money To Nigeria From Singapore

Are you a Nigerian living in Singapore looking for ways to send money to Nigeria from Singapore? If yes, this post has answers to all you need to know about how to send money to Nigeria from Singapore.

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Singapore is one country in Asia that has a high population of Nigerians. As such, questions on how to send money to Nigeria from Singapore are bound to arise.

Sending money to Singapore and other countries in Europe and America can be somewhat complicated or a little difficult. But it’s still not too hard as you think, and in fact, there are a lot of channels you can make use of to send the money to your friends, family, and loved ones in Nigeria.

How do I send money to Nigeria from Singapore?

There are a number of ways to send money to Nigeria from Singapore; hence, we will be discussing the two surest and fastest ways to send money from Singapore to Nigeria.

1.Money transfer providers

International money transfer providers are the fastest and most common way to send money to Nigeria from Singapore. This is due to the ease and swiftness that it comes with. All you have to do is choose any of your preferred transfer providers, sign up, and make payments instantly. Some of the popular money transfer providers that can be used to send money from Singapore to a Nigerian bank account include:

  • Instarem
  • Transfergo
  • Worldremit
  • Moneygram
  • Remitly

What to consider when choosing a money transfer platform

  • Exchange rate
  • Transfer fee
  • Payment methods, etc.
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How to send money to Singapore with money transfer providers

Below are the step-by-step procedures involved in sending money to Nigeria from Singapore using a money transfer provider:

The first thing is to create an account with your preferred platform by downloading the app from the Play Store or App Store and signing up.

On the app, click on the money transfer option.

Look for a Nigerian currency bank account.

Select your recipient’s bank

Input the amount you are sending and check how much your recipient will receive after charges.

Choose a payment option (bank transfer, credit or debit card, or digital wallet like Apple Pay or PayPal).

Proceed with the option you selected, follow the process, and input the requested details.

Finish sending and check if the transaction was successful( you should get a debit alert by email or SMS from your bank).

NB: Not all Nigerian banks can accept payments from Singapore, but many do. So check the app to see if your recipient’s bank is listed.

2. Crypto transaction

Crypto is undoubtedly the fastest way to send funds from not only Singapore but anywhere in the world to Nigeria. Once you have a crypto wallet and your recipient in Nigeria has one too, you are good to go. All that is needed is for you to purchase cryptocurrency, for example, bitcoin, etherium, or USDT, from any of the crypto exchange platforms and receive it in your crypto wallet (trust wallet, Binance, or MetaMusk).

How to send money to Nigeria from Singapore using crypto

The first thing to do is to purchase crypto worth the amount you want to send to your recipient in Nigeria and receive it in your crypto wallet.

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Request your recipient’s wallet address

Open your wallet and send it to the wallet address

Your recipient will receive the crypto in their wallet instantly.

Hence, your recipient can convert the funds into money by using a crypto exchange platform where one can sell crypto. An example is Binance.

NB: This method is not for those with no knowledge of cryptocurrency. You can use the first method provided in this post instead.

How do I send money to Nigeria from Singapore?

1 You can easily do that using money transfer providers like Instarem, Remitly, and Wise and pay with your debit or credit card, bank transfer, or digital wallet.

How much does it cost to send money to Nigeria from Singapore?

Sending money using money transfer platforms comes with a transaction charge, and the amount depends on your preferred transfer provider. It is usually less than 20 SGD for most platforms.

What’s the fastest way to send money to Nigeria from Singapore?

The swiftness mainly depends on the transfer provider. Instarem and Wise are currently the best-rated and preferred choices to send money to Nigeria from Singapore.

On both platforms, it takes just a few minutes or little more for your recipient to receive it. If not for the restrictions on Nigeria by some platforms, digital wallet transactions like PayPal and Apple Pay are the fastest and only take a few minutes.

What is needed to send money to Nigeria from Singapore?

Requirements needed include you having an account with an international money transfer provider, your recipient’s bank code, and his or her account number.

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Which is the safest platform to send money to Nigeria from Singapore?

Most platforms are actually safe, especially those listed in this post. Though many have some gray areas, they are all regulated by various financial institutions.

Bottom Line

Sending money from Nigeria to Singapore is straightforward and easy, just as we have explained in this article. I hope you find this article helpful.

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