Question 1

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

Accepted Answer

There are many good choices when it comes to sending money from Turkey 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 Turkish Lira to NGN money transfers.

We compare different remittance companies to bring you the best options to send money to Nigeria from Turkey. 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 Turkish Lira 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 remit rate for transferring money from Turkey to Nigeria?

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 Turkey 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 TRY 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 Turkish Lira 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 for transferring money to Nigeria from Turkey?

Accepted Answer

When you want to send money to Nigeria from Turkey, 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 TRY 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 Turkey 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 Turkey 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 send money from Turkey to Nigeria?

Accepted Answer

Bank transfers have been a traditionally popular way to send money overseas from Turkey 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 TRY 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 Turkey 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

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

Accepted Answer

If you need to convert TRY 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 Turkey 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 Turkish Lira 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 Turkey 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 from Turkey to Nigeria?

Accepted Answer

Comparing money transfer companies for sending money to Nigeria from Turkey 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 Turkish Lira 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 Turkish Lira that you send.

Question 7

Step by step guide to send money to Nigeria from Turkey

Accepted Answer

With so many possible ways to transfer Turkish Lira 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 Turkey 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 Turkey 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 TRY 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 TRY	30.95 NGN
5 TRY	154.77 NGN
10 TRY	309.54 NGN
25 TRY	773.85 NGN
50 TRY	1,547.70 NGN
100 TRY	3,095.39 NGN
150 TRY	4,643.09 NGN
200 TRY	6,190.78 NGN
250 TRY	7,738.48 NGN
300 TRY	9,286.17 NGN
400 TRY	12,381.56 NGN
500 TRY	15,476.95 NGN
600 TRY	18,572.34 NGN
700 TRY	21,667.73 NGN
800 TRY	24,763.12 NGN
1000 TRY	30,953.90 NGN
1500 TRY	46,430.85 NGN
2000 TRY	61,907.80 NGN
2500 TRY	77,384.75 NGN
3000 TRY	92,861.70 NGN
4000 TRY	123,815.60 NGN
5000 TRY	154,769.50 NGN
10000 TRY	309,539.00 NGN
15000 TRY	464,308.50 NGN
20000 TRY	619,078.00 NGN
30000 TRY	928,617.00 NGN
40000 TRY	1,238,156.00 NGN
50000 TRY	1,547,695.00 NGN
100000 TRY	3,095,390.00 NGN

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