Question 1

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

Accepted Answer

There are many good choices when it comes to sending money from Puerto Rico 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 United States Dollar to NGN money transfers.

We compare different remittance companies to bring you the best options to send money to Nigeria from Puerto Rico. 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 United States Dollar 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 Puerto Rico?

Accepted Answer

With ever changing remittance exchange rates, and umpteen new companies and startups to send money abroad coming up, it may seem hard at first to decide when to send money and which company to choose from for your Puerto Rico to Nigeria transfers.

RemitFinder provides a single place to compare many options so you can quickly and easily decide who to go with. Compare various banks, foreign exchange specialists, Fintech startups, remittance service providers, multi currency bank accounts and others in a single view to maximize the return on your USD to Nigerian Naira international money transfers.

To help save your precious time and hard earned money, we also created the RemitFinder exchange rate alert. This is a totally free notification that will keep you updated daily on the latest United States Dollar to Nigerian Naira exchange rates and ongoing deals and promotions. You can sign up for our rate alert and start saving now.

Question 3

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

Accepted Answer

Finding the cheapest way to send money from Puerto Rico 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 USD 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 Puerto Rico 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 from Puerto Rico to Nigeria through a bank?

Accepted Answer

Bank transfers have been a traditionally popular way to send money overseas from Puerto Rico to Nigeria. 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 USD to NGN 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 Puerto Rico bank for your Nigeria 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

How to send money to Nigeria from Puerto Rico fast?

Accepted Answer

If you need to convert USD to NGN as fast as possible, there are definite steps you can take that will help you do so. You could pay for your transfer with cash, as well as have your recipient do a cash pickup for payout - both of these methods will speed up your money transfer.

That said, handling cash could be a safety issue given that both the sender and receiver have to physically carry cash (most agent locations are located in physical stores, malls, and retail outlets which may or may not be in a physically safer area). Additionally, due to the extra costs involved to set up and maintain physical locations, cash transactions tend to get a worse foresign exchange rate (contrasted with online/digital transfers). So, another option to move money quickly from Puerto Rico to Nigeria could be sending it to a mobile wallet. This would entail some slowness compared to cash transfers, but would be more safe.

Apart from the above, there are many other factors that can have an impact on your United States Dollar to Nigerian Naira funds transfer speed. To arm you with all the knowledge you need to distinguish faster from slower remittance providers, we crafted a complete guide to remittances; this article touches upon everything you need to know to make the fastest money transfers to Nigeria.

With so many choices available, make sure to compare various forex operators that enable you to remit money from Puerto Rico to Nigeria. Once you understand their services and the factors that affect how fast your money can be transferred overseas, you will be able to minimize the time your money is in transit.

Question 6

Which are the best money transfer companies to transfer money to Nigeria from Puerto Rico?

Accepted Answer

Comparing money transfer companies for sending money to Nigeria from Puerto Rico 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 United States Dollar 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 United States Dollar that you send.

Question 7

Step by step guide to transfer money to Nigeria from Puerto Rico

Accepted Answer

With so many possible ways to transfer United States Dollar 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 Puerto Rico 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 Puerto Rico 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 USD 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 USD	1,383.21 NGN
5 USD	6,916.05 NGN
10 USD	13,832.10 NGN
25 USD	34,580.25 NGN
50 USD	69,160.50 NGN
100 USD	138,321.00 NGN
150 USD	207,481.50 NGN
200 USD	276,642.00 NGN
250 USD	345,802.50 NGN
300 USD	414,963.00 NGN
400 USD	553,284.00 NGN
500 USD	691,605.00 NGN
600 USD	829,926.00 NGN
700 USD	968,247.00 NGN
800 USD	1,106,568.00 NGN
1000 USD	1,383,210.00 NGN
1500 USD	2,074,815.00 NGN
2000 USD	2,766,420.00 NGN
2500 USD	3,458,025.00 NGN
3000 USD	4,149,630.00 NGN
4000 USD	5,532,840.00 NGN
5000 USD	6,916,050.00 NGN
10000 USD	13,832,100.00 NGN
15000 USD	20,748,150.00 NGN
20000 USD	27,664,200.00 NGN
30000 USD	41,496,300.00 NGN
40000 USD	55,328,400.00 NGN
50000 USD	69,160,500.00 NGN
100000 USD	138,321,000.00 NGN

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