You can always modify these settings and read more about them by clicking on our Cookies Policy. ... FAQs: Everything you need to know about sending money to Nigeria 15 Jan 2021. There are plenty of options for sending money back to Nigeria. Great rates and low fees Constantly checked against competitors and better than the banks, 15 million customers A worldwide community can’t be wrong, register in 2 minutes, Local support Real time payment tracking, Completely safe We’re a regulated financial services company with a secure system that handles over 1million transactions per month, Fast Rapid transfer service our 15 million customers love, Send cash for collection at our locations accross Nigeria, Transfer directly to a bank account in Nairas, Read what our customers think about sending money to Nigeria with Small World. Your beneficiary in Nigeria can receive the money via bank deposit, cash-pick up, or anywhere pick-up. We’re making a big world smaller by bringing friends, families and businesses closer together. Our dedicated Nigerian customer support team in Lagos can be reached by landline: 014 536 799. These cookies will help us remember preferences, if deleted you will have to update your language, version of website, or country. Send Money to Nigeria with Comfort and Proficiency. We advise you always check with your beneficiary for correct details to their USD account to avoid any problems. - ask your beneficiary for their new account details. As always, we’re here to help you and have created FAQs (Frequently Asked Questions), to explain everything you need to know. Therefore, in this article, we spoke about Small World Money Transfer, a platform for sending and receiving money globally including Ghana and Nigeria. Your beneficiary is permitted to collect the funds in Nigeria in USD and convert them to NGN in any way they please - this might be in the bank in which funds are received, or with another currency exchange provider. The maximum amount for pick up is 1,000 USD per transaction. If you use a NGN account instead of a USD account your transaction will be returned by the beneficiary’s bank. It’s easy to be confused by these changes. Send money to Nigeria with Small World today! They also let us know what pages and screens are most useful for our users. … Yes, you can still send money to Nigeria to support your loved ones with Small World. These cookies will help us remember preferences, if deleted you will have to update your language, version of website, or country. Small World will get in touch with you, collect correct details for the USD account or refund your money. 1. - Choose to use bank transfer or debit/credit card. Whichever you choose, your money transfer to Nigeria is quick and convenient for you … London, 10 December 2020 – Leading international money transfer provider Small World Financial Services (“Small World”) has announced that, with immediate effect, customers in Nigeria … All done – use the App to monitor progress of your money transfer, Customers have voted our awesome App as 5* in the App store - download here, Join the thousands of customers giving us 5* reviews, Copyright © 2020 SmallWorld Financial Services. How to send money online. Money transfer providers not only have lower rates and more … Send money to the top cash pickup locations and banks throughout Nigeria such as First Bank, Ecobank and Skye Bank. Is it still possible to transfer Naira to Nigeria with Small World, some other companies are still offering the service? Pay the transaction to Small World. Who can my beneficiary contact to get more information? You can send money … Is there any change in the services available for sending money to Nigeria? If the person you’re sending money to has an existing Naira account with any of our banking partners, our partners will help you and your beneficiary to set up the US $ account. … ACE Money Transfer assists you with international remittances. The best way to send money to Nigeria will almost always be by using a money transfer operator that supports transfers from your country. Your options are many, you can start the transfer by visiting a branch, agent, contacting our call centre or online via website and mobile app. 3. How much does it cost to transfer money to Nigeria? Bank Deposit - send money directly to a bank account. Pick up and Pick up anywhere in USD will be rounded to 1 USD. We spoke about how to send money to Ghana … You can send money to any major bank in Nigeria. There have been some recent changes announced by the Central Bank of Nigeria regarding money transfers to Nigeria. UNITED KINGDOM FCA Reference number: 504482, Here you can manage your cookies. Money Earn an extra 1% when you send money via mobile wallet to Bangladesh 21 Dec 2020. The charity committee visits as many of the charities as possible to ensure their sincerity and needs. Small World customers can send money to Nigeria for cash pick-up and bank deposit in US Dollars from a Small World branch, an agent, over the phone or digitally via the Small World website … If small notes are not available, the banks are authorised to pay any balance in NGN. Here on Monito we cover all the popular specialist money transfer providers and banks for converting your money into nairas and sending it home. All the 61 firms listed on this post can be used as a medium to transfer money back to Nigeria. Read more reviews at TrustPilot.com, 1. This depends on your situation and preference. What if I send for cash pickup and the bank does not have the correct notes in USD? Copyright © 2020 SmallWorld Financial Services. You can change your preferences at any time - and find out more about them - by following, to support your loved ones with Small World. This depends on your situation and preference. Small World is a UK-based payment and money transfer services provider helping people to make inexpensive transfers to their families, friends, and businesses around the world.Small World’s global team of over 800 people help facilitate money transfers to more than 190 countries every day.. Every month, Small World … They also let us know what pages and screens are most useful for our users. Join 15m customers - Register now! The Central Bank of Nigeria has put new rules in place which means that international money transfers are to be paid in US Dollars in Nigeria. Are you a Nigerian, residence in Nigeria, will probably want to receive a Small world transfer here in Nigeria, it’s no big deal. Your beneficiary in Nigeria can receive the money via bank deposit, cash-pick up, or anywhere pick-up. Your options for sending money to Nigeria are: What is the best way to send money to Nigeria? The Central Bank of Nigeria (CBN) has announced new licences for 11 International Money Transfer Operators (IMTOs), including World Remit. To send money in USD to Nigeria, you pay a small, flat fee of 6.49 USD + 0.59% of the amount that's converted (you'll always see the total cost upfront). Small World follows financial regulations to make sure that your money is being transferred as safely and securely as possible. Small World customers can send money to Nigeria for cash pick-up and bank deposit in US Dollars from a Small World branch, an agent, over the phone or digitally via the Small World website or app. Thank you for your support. Besides the shift to US Dollars, everything is staying the same at Small World. The central bank of To send money to Nigeria for payout in USD, you will need to: What do I need to send money to Nigeria if I am a new customer? Nigerians who receive foreign transfers … These cookies will help us offer you a better user experience, allow us to count visits and determine where users are coming from. We use cookies to give you the best browsing experience possible and understand how you use our site. The fastest way to send money to Nigeria is to make a transfer to a Nigerian bank account with Azimo. To send money to Nigeria, you only need to: How does my beneficiary in Nigeria open a new US Dollar account for bank deposit? For example, if you send 1205 USD, 999.99 US $ will be paid out in cash and the remaining 205.1 US $ will be paid into the bank account. Our dedicated Nigerian customer support team in Lagos can be reached by landline: changes announced by the Central Bank of Nigeria, Send money to Dominican Republic from Germany, Send money to Antigua and Barbuda from Germany. (we recommend Anywhere Pickup service to give your recipient the most choices for convenient collection), then the recipient of the transfer has the choice to collect USD $ in cash. Send money abroad with Small World to 90 countries. We are here to support you and answer any questions your beneficiary may have. We are working with our Nigerian bank partners to enable a service whereby USD accounts can easily be opened for beneficiaries without existing USD domiciliary accounts. To send money to Nigeria, you only need to: Register with Small World - If you don’t already have an account Create a beneficiary - Add their US Dollar bank account details for bank deposit Set up the transfe r … LONDON, Dec. 11, 2020 /PRNewswire/ -- Leading international money transfer provider Small World Financial Services ("Small World") has announced that, with immediate effect, customers … Earlier, the CBN had alerted Nigerians to cease transacting money transfer businesses with unregistered money transfer … Track the status of your money transfer to Nigeria by downloading our App, 1. Register on our webpage or app with a valid e-mail address and fill in all the information required. By clicking on "Accept" you are acepting these cookies. Sending money to Nigeria to support your loved ones is easy with us. We are working with our Nigerian bank partners to enable a service whereby USD accounts can easily be opened for beneficiaries without existing USD domiciliary accounts. The power of PayPal at the speed of Xoom Xoom is a PayPal service. can be done at any of the branches of the following banks: We are here to support you and answer any questions your beneficiary may have. The only restriction is that you can’t send more than US$5000 … The proposing/nominating groups are requested to monitor the disbursement of the allocation, and the charities are requested to give proper accounts of the money … The first transfer is fee FREE online, no hidden charges, Transfer money to Nigeria for payout in US Dollars now $$$, Send money for collection at over 820 locations across Nigeria. Small World Financial Services is a UK money transfer service that you can use for fast and low-cost transfers to individuals and businesses in over 40… Find out more Send Money to Africa With Zero … If the order is sent for cash collection (we recommend Anywhere Pickup service to give your recipient the most choices for convenient collection), then the recipient of the transfer has the choice to collect USD $ in cash. Choose the country, the delivery method and provide the beneficiary details and amount. These cookies will use this information with an anonymous hashed id which links the user's browser to information which contains the behaviour the user has displayed, and can be used to build a profile based on the user's interests and serve more relevant advertising content. Decide how you want to send money to Nigeria, 4. . Your first two transfers are fee free! - Add their US Dollar bank account details for bank deposit. UNITED KINGDOM FCA Reference number: 504482, Here you can manage your cookies. Besides the shift to US Dollars, everything is staying the same at Small World. And you can receive up to 10,000 USD into your USD bank account. The max amount for bank deposit is 9,999.99 USD per transaction. We’re here to help you with every step of the way. In other words, the max amount for pick up in US $ is 999.99 per transaction. We’re here to help you with every step of the way. About Small World Financial Services . Choose how the recipient should receive his money in Nigeria: as a bank transfer to an account at one of over 0 banks in Nigeria, to a Mobile Wallet or to one of over 800 cash payout locations in Nigeria. Join 15 million other customers by registering online, 3. We use cookies to give you the best browsing experience possible and understand how you use our site. What do I need to do if I have sent Naira to Nigeria with Small World before? We offer the lowest … Money Since 2002, the Central Bank of Nigeria has liberalised its forex policies, which means that all the money transfer operators and bureaux de change are licensed in Nigeria and can provide their service to any region of the country. We are following the regulations set by Nigeria’s Central Bank; unless they change their decision, the only currency transfers allowed are in US Dollars. You can always modify these settings and read more about them by clicking on our Cookies Policy. You can also send money to Nigeria … $220, or $250) to avoid the risk of smaller denomination notes not being available. - We will let you know when it’s received, usually within minutes. If you pay by debit/credit card, your money transfer will be delivered in 30 minutes, even at weekends. , then the recipient must have a USD domiciliary account in Nigeria to receive the funds. We always work hard to give you as many options to transfer your money securely and will notify you as soon as anything changes. These cookies help us make the correct choices of how we improve the performance of our Website when we make changes and updates. Below are our current active partners, with many more banks coming very soon: What happens if I send money to a NGN account, instead of the USD account, by mistake? Send money from the U.S. to Nigeria using your mobile device, including tablets, smartphones, or laptops, or with any other device that has an internet connection. By clicking on "Accept" you are acepting these cookies. Your transfers to Nigeria can now only be paid out in US Dollars in Nigeria, and your beneficiary is then free to change the money into NGN after they have received the USD. No, this is due to the decision the Central Bank of Nigeria has taken. Is there a maximum amount I can send to Nigeria? If this regulation changes, then we will update our money transfer service(s) accordingly. - Choose bank transfer or debit/credit card if sending online, or cash if sending in one of our branches or agents. The Nigerian banks are well prepared for this change and there are few reports of any issues of this kind - however it is advisable to send an amount that gives a payout amount in USD that is a round number (e.g. Great rates + a fast, secure international money transfer network. Every year, the CBN reviews the license of all money transfer operators to ensure that they operate within the ambit of Nigeria’s financial transfer policy. If the order is sent for bank deposit, then the recipient must have a USD domiciliary account in Nigeria to receive the funds. You can change your preferences at any time - and find out more about them - by following, Send money to United Kingdom from Portugal, Send money to Guinea-Bissau from Portugal. Our money transfer services make sure your money travel as securely and safely … The Central Bank of Nigeria has put new rules in place which means that international money transfers are to be. I hope this helps, if you have any other ideas, please share them with the digital team. We collaborate with many partners to make sure you have a great variety of choices. These cookies help us make the correct choices of how we improve the performance of our Website when we make changes and updates. Search ‘Small World’ on the App store and download, 4. Your options are many, you can start the transfer by visiting a branch, agent, contacting our call centre or online. What if I want to receive NGN in Nigeria? Thinking about making a money transfer to Nigeria? It however pays to understand that in Nigeria there are no agents … “This new directive means when Nigerians living in diaspora transfer money to loved ones in the country, they can in turn withdraw the money in dollar cash. Through Omnex Group, Sharemoney has over 25 years of experience in the money transfer business, offering secure money transfer transactions to Nigeria. Small World … We would not be involved in the exchange of personal details as this is the responsibility between the bank and the beneficiary. Enter the details of the person receiving the transfer, 5. Cash Pickup - send money for collection from any branch of the selected banks in Nigeria. Why has Small World removed NGN from the website? Provide opportunities for rendering services to existing Nigerian charities and institutions by organising the annual fundraising event “SMALL WORLD”. - We will let you know when it’s on its way, usually within minutes. These cookies will use this information with an anonymous hashed id which links the user's browser to information which contains the behaviour the user has displayed, and can be used to build a profile based on the user's interests and serve more relevant advertising content. Anywhere Pickup - send money for collection in USD in any branch of any of our bank partners across Nigeria (currently almost 1000 branches). Small World Review. 2. How can I send money to Nigeria with Small World? Amounts that exceed this, will be paid out into the beneficiary bank account in US $. Pickup & Anywhere pickup can be done at any of the branches of the following banks: For a map-view of locations, please see our separate page for Sending Money to Nigeria. Send money to Nigeria via instant bank transfer to all major banks, cash pickup across Nigeria or an airtime top up. These cookies will help us offer you a better user experience, allow us to count visits and determine where users are coming from. Which cash pickup banks are available in Nigeria? Due to the decision the Central bank of Nigeria regarding money transfers to Nigeria support. If the order is sent for bank deposit - send money to Nigeria Small. 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