Question 1

What's the best way to transfer money from Japan to Nigeria?

Accepted Answer

It can be very confusing when sending money from Japan to Nigeria given so many choices. Additionally, Japanese Yen to NGN exchange rates fluctuate all the time. Remitfinder gives you the option to compare money transfers companies to choose the best exchange rate among this volatility while making the best deals and promotions available to you.

Choose Japan to Nigeria as your country combination and click search. We then compare many money transfer companies to bring you the best exchange rates to send money to Nigeria from Japan. In one single place, you can easily compare many providers to see which one is the best option for your next transfer.

To further help you maximize the return on your money, our partners add various promotions and discounts on our site. You can take advantage of various deals we have for Japanese Yen to Nigerian Naira remittances.

Question 2

How to get the best remit rate for transferring money from Japan 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 Japan 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 JPY 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 Japan to Nigeria?

Accepted Answer

When you want to send money to Nigeria from Japan, you obviously want the cheapest possible option to maximize the money your recipient gets in Nigerian Naira. Transaction speed, security and privacy concerns notwithstanding, your biggest lever to make the most of your hard earned money is relying on the cheapest ways to do your JPY to NGN money transfers.

Some of the traditional ways to send money may not be the cheapest options available. For example, a particular company may seem like a convenient way to do international funds transfers from Japan to Nigeria. But it is entirely possible that you may end up paying high fees as well as get sub optimal exchange rate on your foreign currency transaction.

That is why it is very useful to rely on the RemitFinder remittance comparison platform to see what are the cheapest money transfer options for getting the best Japan to Nigeria exchange rate. You also get access to many promotions and discounts from our partners; these offers help to reduce your cost and may be a major differentiator in helping you choose the most cost effective way to send Nigerian Naira overseas.

Question 4

Should I use my bank to transfer money from Japan 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 Japan 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 JPY to NGN transfers.

Given this, there are umpteen additional options to send money to Nigeria instead of just your Japan 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 Japanese Yen even more so that your recipient in Nigeria gets the maximum amount.

Question 5

What is the fastest way to transfer money from Japan to Nigeria?

Accepted Answer

The first thing to do when you need to convert JPY to NGN quickly is to compare various banks, foreign exchange companies and remittance service providers to see which ones can meet your transaction timing requirements. Once you identify the right provider, it's easy to do the actual transaction.

The harder part might be how to identify which providers can execute fast funds transfers between Japanese Yen and Nigerian Naira. While every company may have variations in how fast they will finish your money transfer, there are some general guidelines that may help you identify the fastest provider. For example, how you fund your transfer will have a direct impact on transaction speed. Similarly, if your recipient has to pick up cash from a far away location, or there are bank holidays going on, it may take longer for your funds to arrive.

To help demystify the unknowns in the end to end Japan to Nigeria remittance process, you can study this detailed guide to money transfers. Awareness of all the intricacies of overseas funds transfers will help you make the right decisions to realize the fastest possible choices to send money to Nigeria.

Question 6

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

Accepted Answer

Since the Japanese Yen to Nigerian Naira money transfer ecosystem has so many players in it, selecting the right company might not be that simple. You have so many to choose from - established organizations like Western Union and MoneyGram to multi currency bank accounts to up and coming Fintech companies. Then, there is always your local bank in Japan that may also be able to send money to Nigeria. With all these possibilities staring at you, it can be difficult to pick the company to give your business to.

The RemitFinder remittance engine will certainly help you to chart a path forward. Once you have selected your source and destination countries, we compare numerous companies to present you with an easy to digest comparison table. Here, you can easily see which companies meet your unique needs.

To further decrease the cost of your JPY to NGN money transfers, we also source exclusive coupons and promotions from various remittance providers. This will increase the final amount your recipient in Nigeria gets, so make sure to factor in deals as a part of your decision making process to select the best provider for your next Japan to Nigeria transaction.

Question 7

Step by step guide to transfer money to Nigeria from Japan

Accepted Answer

With so many possible ways to transfer Japanese Yen to Nigerian Naira, and exchange rates that are changing by the second, it can be difficult to make the best choice to save time and money. RemitFinder's online remittance comparison platform helps you find the best companies to move your funds abroad.

Once you have picked the right company for your Japan to Nigeria remittance transaction, you can follow the below step by step procedure.

Create an account at your chosen operator.
You may be asked for photo IDs and address proofs; please provide these as they help the operator ensure legal and regulatory compliance.
Add bank accounts for both the sender in Japan and the receiver in Nigeria. Using bank deposits can be the cheapest option to send money.
Decide when you want to send money and the transfer amount. When ready, choose the amount and start your transaction.
At this point, you are pretty much done, and the operator will take it on from here.
Watch out for updates from the operator on the progress of your transaction.

We also recommend that you have more than one remittance company in your portfolio so you can maximize the return on your JPY to Nigerian Naira money transfers. This way, you can pick whoever is the best at the time you are ready to initiate your transaction.

1 JPY	8.54 NGN
5 JPY	42.71 NGN
10 JPY	85.41 NGN
25 JPY	213.54 NGN
50 JPY	427.07 NGN
100 JPY	854.14 NGN
150 JPY	1,281.21 NGN
200 JPY	1,708.28 NGN
250 JPY	2,135.35 NGN
300 JPY	2,562.42 NGN
400 JPY	3,416.56 NGN
500 JPY	4,270.70 NGN
600 JPY	5,124.84 NGN
700 JPY	5,978.98 NGN
800 JPY	6,833.12 NGN
1000 JPY	8,541.40 NGN
1500 JPY	12,812.10 NGN
2000 JPY	17,082.80 NGN
2500 JPY	21,353.50 NGN
3000 JPY	25,624.20 NGN
4000 JPY	34,165.60 NGN
5000 JPY	42,707.00 NGN
10000 JPY	85,414.00 NGN
15000 JPY	128,121.00 NGN
20000 JPY	170,828.00 NGN
30000 JPY	256,242.00 NGN
40000 JPY	341,656.00 NGN
50000 JPY	427,070.00 NGN
100000 JPY	854,140.00 NGN

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