Question 1

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

Accepted Answer

With the global remittance market booming, there are so many choices for Euro to NGN money transfers. To make it even more complicated, new Fintech companies keep entering the space, making it harder for remitters to decide which company to choose to send money overseas.

Our money transfer comparison engine does all the hard work for you by searching and comparing numerous companies that specialize in foreign exchange transactions, and picking the best ones for sending money to Nigeria from Germany. This way, you do not have to manually search and compare these companies which is very time consuming. All remittance companies on our platform are established, secure providers that our expert team has selected.

We also provide you with attractive deals and promotions from our partners; these offers help you further maximize the final NGN amount that your recipient gets. We, along with our partners, work hard to provide you with the best discounts and offers that you can use when you send money internationally.

Question 2

How to get the best exchange rate for your money transfers from Germany to Nigeria?

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 Germany 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 Germany to Nigeria?

Accepted Answer

Finding the cheapest way to send money from Germany to Nigeria might not be that easy given the umpteen choices available. You have to look at various parameters like exchange rates and fees to determine if the cost of one money transfer operator is less than that of another or not.

It may also be tempting to use some of the traditional funds transfer services like foreign currency exchanges or operators located in shopping malls, grocery stores and other local outlets. While you can certainly transfer EUR to NGN via these channels, they may not be the most economical way to send money internationally. Typically, brick and mortar services charge higher fees and may also provide lower rates. All this contributes to making your foreign exchange transfer more expensive.

Online money transfers tend to be more cost effective, and RemitFinder provides you quite a number of good choices to ensure you are able to get optimum Germany to Nigeria exchange rate. Many of our partners also provide promotions and offers that are exclusive to our customers; availing these will definitely reduce the cost of your foreign exchange transaction further.

Question 4

How to send money to Nigeria from Germany through a bank?

Accepted Answer

We do not recommend using your local bank in Germany for your next EUR to NGN overseas funds transfer. The reason for this is that banks are known to give you worse exchange rates and yet charge high foreign exchange fees. That is a double whammy that will make the transaction much more expensive for you.

That said, there may be circumstances you may want to consider your bank for your international funds transfer. For example, if you need to move a very large sum of money from Germany to Nigeria (for property purchase, or any such high value transaction), and do not want smaller transactions. In such cases, be sure to carefully inspect all details of the remittance transaction that your bank offers you. You can use the RemitFinder remittance search engine to compare your bank's quote with many other money transfer companies to try to negotiate a better deal with your bank.

Notwithstanding any unique circumstances as above, you will generally save more by relying on online foreign exchange companies for sending NGN to Nigeria. These companies will let you use your local bank account in Germany to pay for your Nigeria money transfer, but will likely save you a lot of money by affording better rates and citing lower foreign exchange transaction fees.

Question 5

How to send money from Germany to Nigeria fast?

Accepted Answer

The speed of your Euro to Nigerian Naira funds transfer will depend on various factors like which provider you use, how you pay for your transaction, how you choose for your recipient to get the funds, etc. You will, therefore, want to compare various options to see which one suits your needs best.

We created a comprehensive guide on remittances to help you understand all the factors that come into play when you convert EUR to NGN. Establishing a solid understanding of all the criteria that affect your transaction speed will help you compare various money transfer companies to see which one can provide you with the fastest transaction.

One possible approach that will help you send money fast to Nigeria from Germany is to rely on cash as payment as well as delivery method. This would mean paying for your transfer with cash, most likely by walking into your provider's office or agent location. Similarly, your recipient could also pick up cash in Nigeria if they have a pickup location nearby. Dealing with cash on both sides will eliminate bank transfers in the middle which generally take longer as money has to move between banks.

One drawback of cash transfers is the need to go to physical drop off and pickup locations, and the inherent risk involved in carrying cash, especially for larger amounts. Another one is that cash transfers generally involve lower exchange rates as compared to online transfers. If you do not want to handle cash for the aforementioned reasons, the next fastest transfers would be to payout NGN into a mobile wallet, or even do a mobile airtime popup. These methods would be faster than Germany bank to Nigeria bank transfer.

Question 6

Which are the best money transfer companies to send money from Germany to Nigeria?

Accepted Answer

Comparing money transfer companies for sending money to Nigeria from Germany can be challenging, especially given the number of options out there. But, if you are armed with the right knowledge, it will help you make a more informed decision and, therefore, make the most of your hard earned money.

There are various areas you would want to inspect when evaluating these providers to gauge the best fit for sending money overseas to Nigeria. How much do you want to send? Some companies deal with only small amounts, while others specialize in larger ones. Are you OK paying a fee for your Euro to Nigerian Naira transfer or you will only go with 0 fees? How about exchange rates? Can you send money using non-fixed or indicative rates?

Once you start applying these conditions to the list of choices you see, you can start to eliminate companies that do not match any of your preferences. This will help fine tune the list to a small number. Finally, keep an eye on promotions and discounts as they will help maximize the Nigerian Naira yield on every Euro that you send.

Question 7

Step by step guide to send money to Nigeria from Germany

Accepted Answer

Sending money internationally is very common these days, especially given the large communities of expats living abroad. If you are one of them, and need to send money from Germany to Nigeria, then please continue to read.

One of the hardest things in the foreign currency transaction world is to find the best company to move your money abroad. There are so many choices to remit funds from Germany to Nigeria that you may feel a bit lost. This is where RemitFinder comes in. You can relax as we do all the hard work to search and compare numerous money transfer companies for you.

Once you identify your provider of choice, follow the below step by step guide to send money.

Provide your name, address, photo ID and other related information as part of the signup process. Forex companies are regulated to ensure that your money is safe, so providing this information ensures compliance laws are adhered to.
Provide information about the receiver - name, address and a bank account in Nigeria where they can receive monies in Nigerian Naira.
Then, provide details of your Germany bank account so you can transfer the funds to the provider to allow them to do the transaction on your behalf.
Finally, select the amount you want to transfer, and click Send.
The provider will start your transaction, and keep you updated on the progress of your transfer.

Also, keep an eye on any discount or promotional coupon codes as they may help lower the cost of your remittance. The process is quite easy and you can see your EUR travel to another part of the globe.

1 EUR	1,672.26 NGN
5 EUR	8,361.31 NGN
10 EUR	16,722.61 NGN
25 EUR	41,806.54 NGN
50 EUR	83,613.07 NGN
100 EUR	167,226.14 NGN
150 EUR	250,839.21 NGN
200 EUR	334,452.28 NGN
250 EUR	418,065.35 NGN
300 EUR	501,678.42 NGN
400 EUR	668,904.56 NGN
500 EUR	836,130.70 NGN
600 EUR	1,003,356.84 NGN
700 EUR	1,170,582.98 NGN
800 EUR	1,337,809.12 NGN
1,000 EUR	1,672,261.40 NGN
1,500 EUR	2,508,392.10 NGN
2,000 EUR	3,344,522.80 NGN
2,500 EUR	4,180,653.50 NGN
3,000 EUR	5,016,784.20 NGN
4,000 EUR	6,689,045.60 NGN
5,000 EUR	8,361,307.00 NGN
10,000 EUR	16,722,614.00 NGN
15,000 EUR	25,083,921.00 NGN
20,000 EUR	33,445,228.00 NGN
30,000 EUR	50,167,842.00 NGN
40,000 EUR	66,890,456.00 NGN
50,000 EUR	83,613,070.00 NGN
100,000 EUR	167,226,140.00 NGN

Compare today's EUR to NGN (Euro to Nigerian Naira) exchange rates

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All you need to know about Euro to Nigerian Naira money transfers

Latest EUR to NGN Conversion Rates

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

How to get the best exchange rate for your money transfers from Germany to Nigeria?

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

How to send money to Nigeria from Germany through a bank?

How to send money from Germany to Nigeria fast?

Which are the best money transfer companies to send money from Germany to Nigeria?

Step by step guide to send money to Nigeria from Germany

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