Question 1

What's the best way to send money to Nigeria from Estonia?

Accepted Answer

There are many good choices when it comes to sending money from Estonia to Nigeria. The RemitFinder remittance comparison engine compares many different remittance service providers to give you several options. You can easily compare these providers to get the best remit rates on your Euro to NGN money transfers.

We compare different remittance companies to bring you the best options to send money to Nigeria from Estonia. All these companies are vetted by our team that has expertise in evaluating foreign exchange providers. Our trusted partners work hard to bring our customers the best rates so you benefit the most.

Additionally, we bring you access to exclusive deals and promotions from our partners. These offers will help you maximize the yield on your Euro to Nigerian Naira money transfers. You can take advantage of these deals and make the most of your hard earned money.

Question 2

How to get the best rate to transfer money to Nigeria from Estonia?

Accepted Answer

One of the key factors in getting the best rate for your next money transfer is awareness of what your choices are. With so many remittance service providers out there, you would want to choose the one that suits your needs best for sending money to Nigeria.

The RemitFinder comparison platform compares several forex service providers so you can get the maximum return on your Estonia to Nigeria transfer. Simply search for your countries and inspect various options in one place. This will allow you to decide which company is the most appropriate one for you.

You may also want to sign up for our free exchange rate alert for your EUR to Nigerian Naira money transfers. This way, you can get notified of the best rates on a daily basis, and send money when rates are higher.

Question 3

What's the cheapest way to send money from Estonia to Nigeria?

Accepted Answer

The final amount your recipient gets when you send EUR to NGN is the most important number that matters. In other words, you should try to minimize the impact of fees and other hidden charges (bad exchange rate is one of them) to achieve the most cost effective cross border remittance.

Before the dawn of the modern internet era, traditional methods to send money from Estonia to Nigeria used to be banks, and small, local remittance players located in retail outlets and convenience stores. Unfortunately, all these options entail high fees and often provide low exchange rates - this results in an expensive money transfer whereby a big chunk of your hard earned money does not reach your recipient.

A great way to find the cheapest options to send Nigerian Naira is by comparing numerous foreign exchange operators and service providers on RemitFinder. By eliminating the process of manually searching and comparing various companies, you can easily compare all your options in one place, thereby saving time and money. This way, you can get the best Euro to Nigeria exchange rate. Further savings can be realized by utilizing many exclusive offers and promotions from our partners. These deals can help lower the cost of a money transfer even more, thereby giving you a higher return.

Question 4

Should I use my bank to send money from Estonia to Nigeria?

Accepted Answer

One of the first thoughts that may come to your mind when sending money overseas could be to rely on your bank to execute your Estonia to Nigeria money transfer transaction. While there is convenience involved in using your bank (after all, you have an account with your bank already, and could even initiate the transfer from the comfort of your home using mobile banking), it is advisable to compare some other options as well.

With the increased penetration of the internet into our lives, a lot of financial transactions have also moved online. For example, we pay our bills, buy all types of commodities, book our vacation, and enjoy all types of entertainment over the internet. It is, therefore, no surprise that the global remittance ecosystem also has a significant digital footprint. Especially for a popular market like EUR to NGN transfers.

Given this, there are umpteen additional options to send money to Nigeria instead of just your Estonia bank. It is very likely that many money transfer companies are offering better exchange rates compared to your bank, as well as potentially lower fees. If that is the case, you could maximize the value of your Euro even more so that your recipient in Nigeria gets the maximum amount.

Question 5

What is the fastest way to do a money transfer to Nigeria from Estonia?

Accepted Answer

It could be a stressful experience if you need to rush money quickly from Estonia to Nigeria. How do you decide which option to pick to ensure your funds arrive at the destination in the fastest possible way?

First, you should ensure that you are picking the right payment method to convert EUR to NGN. Most remittance companies will allow you to pay by cash, with credit or debit cards, via a direct bank transfer, through a wire transfer, and so on. Digital payment methods like wire transfers and bank transfers will certainly delay your transaction as compared to cash payments.

Similarly, on the receiving side, your recipient also has multiple options to collect their monies in Nigerian Naira. The payout choices generally include cash pickup, direct bank transfer, loading up a mobile wallet, and mobile airtime top up. If transaction speed is important, you could choose cash pickup if the receiver can access a close by pickup location. Just be aware that the exchange rate on cash transactions may not be the best, and there is risk in handling cash, especially for larger amounts. Otherwise, a mobile airtime top up or a bank deposit may be the next fastest possible ways unless there are bank holidays going on.

Foreign exchange transaction speed also depends on some additional factors like transfer amount, compliance and regulatory processes and vary from provider to provider. Check out our remittance guide to answer any questions you may have on how remittances work in general, and what factors affect the speed of your Estonia to Nigeria money transfers.

Question 6

Which are the best money transfer companies to transfer money to Nigeria from Estonia?

Accepted Answer

The first step in selecting the best money transfer operators for Estonia to Nigeria remittances is to have a list of potential companies that you could use. You can rely on RemitFinder for giving you several good options to start with. Simply give us your sending and receiving countries, and we will present numerous providers for you to easily compare.

The next part in deciding which provider to go with would depend on what you are looking for. There are many parameters on which these companies can be compared against each other, and it all depends on your preferences. For example, are you looking for low or 0 fees, the highest rate, quick transfer speed, etc.

Another factor that may help you decide which provider to go with would be any coupons and deals available for Euro to Nigerian Naira money transfers. Availing promotions is a sure shot way to help reduce your cost, and should be part of the criteria to decide which are your top candidates for sending money to Nigeria.

Question 7

Step by step guide to send money to Nigeria from Estonia

Accepted Answer

Follow the below easy steps to send money to Nigeria from Estonia.

If you are sending money for the first time with a provider, register an account with them. You will likely get a validation email, and optionally a validation text on your mobile as well. This ensures that it is indeed you who is creating your account.
You will also need to provide your national ID with a photo, and proof of address. Providing this information ensures the security of your account and helps in fraud prevention.
Add your payment method - this is how you pay for your transfer. Generally, you would want to use your Estonia bank account to fund your transaction.
Add your recipient - provide details about who will receive the funds (can also be your own account in Nigeria).
Specify delivery method - specify how the recipient will get the proceeds. Choosing a bank account is usually the best, if one is available.
Add the transfer amount and start the transaction.

The provider will then work on your EUR to NGN remittance, and you should not have any additional action to take. Keep an eye on your email inbox as you should get notified about the progress of your transaction.

Whilst it's fairly straightforward to make an actual foreign exchange transaction online, the harder part may be choosing the right company for your overseas bank transfer. This is where you can rely on RemitFinder's expertise in the money transfer space to help you select the best remittance provider.

1 EUR	1,563.36 NGN
5 EUR	7,816.78 NGN
10 EUR	15,633.55 NGN
25 EUR	39,083.88 NGN
50 EUR	78,167.76 NGN
100 EUR	156,335.52 NGN
150 EUR	234,503.28 NGN
200 EUR	312,671.04 NGN
250 EUR	390,838.80 NGN
300 EUR	469,006.56 NGN
400 EUR	625,342.08 NGN
500 EUR	781,677.60 NGN
600 EUR	938,013.12 NGN
700 EUR	1,094,348.64 NGN
800 EUR	1,250,684.16 NGN
1000 EUR	1,563,355.20 NGN
1500 EUR	2,345,032.80 NGN
2000 EUR	3,126,710.40 NGN
2500 EUR	3,908,388.00 NGN
3000 EUR	4,690,065.60 NGN
4000 EUR	6,253,420.80 NGN
5000 EUR	7,816,776.00 NGN
10000 EUR	15,633,552.00 NGN
15000 EUR	23,450,328.00 NGN
20000 EUR	31,267,104.00 NGN
30000 EUR	46,900,656.00 NGN
40000 EUR	62,534,208.00 NGN
50000 EUR	78,167,760.00 NGN
100000 EUR	156,335,520.00 NGN

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