Question 1

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

Accepted Answer

Sending money internationally to Bulgaria from Nigeria can be a challenging task given so many companies willing to move your money overseas. You can rely on RemitFinder to choose the best provider who can offer the most value while ensuring safety and security at the same time.

Our money transfer comparison engine does a real time comparison of exchange rates from various foreign exchange providers to bring you the best choices for your Nigerian Naira to EUR remittances.

Every company listed on our platform has been fully vetted by our team to ensure you get access to safe, secure and reliable providers to help you send money to Bulgaria. Our partners also provide exclusive offers and discounts to our customers so they can save even more on their next money transfer. You can take advantage of these promotions so your loved ones back home get the maximum amount in Euro.

Question 2

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

Accepted Answer

Foreign exchange rates are highly volatile, and it may seem difficult to decide the best timing for your next transfer to Bulgaria from Nigeria. Another added complexity is the multitude of choices at your disposal - ranging from your bank, to established operators like WesterUnion and Moneygram, to so many remittance startups and companies, to multi currency bank accounts. It would be ideal if there was an automated way to stay updated with the ever changing remittance landscape.

One way you could eliminate the manual work to search and compare providers for your NGN to Euro money transfers is by signing up for the RemitFinder daily rate alert. It is completely free; we do the hard work of comparing various remittance companies, and send you all the info you need.

We are also constantly adding new partners for the Nigeria to Bulgaria corridor to give you more good choices for your next EUR money transfer. This way you do not miss out on additional options to potentially save more.

Question 3

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

Accepted Answer

One of the most important things to watch out for is hidden fees when sending money to Bulgaria from Nigeria. Most of the time, you will get ripped off if you have no choice, or very few choices. For instance, if you send money to Bulgaria using your bank, you are most likely paying high fees. You may also not be getting the best exchange rate on your Euro foreign exchange transaction.

RemitFinder partners with many money transfer companies that provide you with cheap options to ensure you get the best NGN to Bulgaria exchange rate. The more choices you have, the better yield you get. This is because you can get creative with exchange rates and fees to determine the cheapest option for you. For instance, one company may be giving a very high rate but charging a steep fee as well, while another provider may have a slightly lower rate, but 0 fee. All of this also depends on how much amount you send. It is very much possible that as the transaction amount varies, one money transfer operator gives a better return than the other, and vice versa.

Our partners also provide our customers with many offers and promotions. These could be seasonal (around key holidays and festivals) or ongoing. Making use of these deals will further reduce your cost, and help ensure you use the cheapest way to send money to Bulgaria from Nigeria.

Question 4

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

Accepted Answer

Bank transfers have been a traditionally popular way to send money overseas from Nigeria to Bulgaria. But, with the explosion of so many Fintech startups specializing in remittances, it is worth asking yourself if you should still be using your bank for sending funds internationally.

In general, banks tend to charge much higher fees compared to newer remittance companies that specialize in online operations. It is also possible that the NGN to EUR exchange rate you get from your bank may not be the best. In fact, high fees and below par exchange rates are two of the most popular ways banks make money on remittances.

We, therefore, recommend that before you use your Nigeria bank for your Bulgaria money transfers, you explore various other options to carefully review your total cost (represented by transaction fees) as well as the exchange rate you will get. Combined, these two factors will have a direct impact on how much money your recipient gets from your transaction.

Question 5

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

Accepted Answer

It could be a stressful experience if you need to rush money quickly from Nigeria to Bulgaria. 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 NGN to EUR. 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 Euro. 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 Nigeria to Bulgaria money transfers.

Question 6

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

Accepted Answer

Nigeria to Bulgaria money transfer space is highly competitive, and there are numerous remittance service providers competing for your business. Given that, how do you ensure you are choosing the best company when you send money overseas?

To be able to make an informed decision, the first thing you would want to do is to be aware of your selection criteria. For example, do you need the money to reach Bulgaria as fast as possible? Are you sending a small or large amount? Do you prefer fixed exchange rates or are comfortable with indicative rates? And so on. Honing your preferences will help you decide which remittance company to go with.

Once you have defined your parameters, selecting the best Nigerian Naira to Euro money transfers is easy. Simply punch in your country combination on RemitFinder, and compare numerous companies quickly to be able to select the ones that match your preferences.

Question 7

Step by step guide to send money to Bulgaria from Nigeria

Accepted Answer

With so many possible ways to transfer Nigerian Naira to Euro, 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 Nigeria to Bulgaria 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 Nigeria and the receiver in Bulgaria. 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 NGN to Euro money transfers. This way, you can pick whoever is the best at the time you are ready to initiate your transaction.

1 NGN	0.00 EUR
5 NGN	0.00 EUR
10 NGN	0.01 EUR
25 NGN	0.02 EUR
50 NGN	0.03 EUR
100 NGN	0.07 EUR
150 NGN	0.11 EUR
200 NGN	0.14 EUR
250 NGN	0.18 EUR
300 NGN	0.21 EUR
400 NGN	0.28 EUR
500 NGN	0.35 EUR
600 NGN	0.42 EUR
700 NGN	0.49 EUR
800 NGN	0.56 EUR
1000 NGN	0.70 EUR
1500 NGN	1.05 EUR
2000 NGN	1.40 EUR
2500 NGN	1.75 EUR
3000 NGN	2.10 EUR
4000 NGN	2.80 EUR
5000 NGN	3.50 EUR
10000 NGN	7.00 EUR
15000 NGN	10.50 EUR
20000 NGN	14.00 EUR
30000 NGN	21.00 EUR
40000 NGN	28.00 EUR
50000 NGN	35.00 EUR
100000 NGN	70.00 EUR

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