Do you work or live in Germany? Do you have loved ones or business partners in Nigeria? Then you might need to send money from Germany to Nigeria often. There are a ton of available options you can use. However, if you’re looking for a secure, reliable, and cheap way to send money home, you’re in the right place. 

This article will provide a step-by-step guide on how to make transfers to Nigeria from Germany. It’ll also answer any questions you have about costs and timelines. Keep reading to find out more.

The Best Way to Transfer Money from Germany to Nigeria

If you’re looking for the cheapest and fastest way to make a money transfer from Germany, we strongly recommend using Grey.

With Grey, you don’t necessarily have to bear the cost of transfer fees or exchange rates, especially if they have a Grey account. Since P2P transfers on Grey are free and instant, it’ll cost you absolutely nothing to make an international transfer. 

Simply send using the GreyTag option; your recipient will get it in their Grey Euro balance. GreyTag transfers are free and instant.

If, however, your recipient only has a Naira bank account, you can still swap Euros to Naira and send directly to them all on the Grey app for a small transaction fee.

In addition to being secure and reliable, Grey has one of the best exchange rates available in the market. So, even if you choose to send as Naira, you’ll be getting a great deal.

How Long Does it Take to Send Money from Germany to Nigeria?

Once you’ve successfully topped up your EUR virtual account, making EUR transfers within Grey is instant. However, if you’re sending it to a Nigerian bank account, it might take a few minutes to reflect in your recipient’s account.

What You Need to Send Euros to Nigeria

To seamlessly send money home to Nigeria with Grey, all you need is;

• A Grey virtual EUR account. If you don’t have one yet, open yours for free here.
• Be sure to top up your EUR account on Grey by making a transfer
• The recipient’s GreyTag or Naira bank account details if they don’t have a Grey account
• The amount you’d like to send

‍How to Make a Money Transfer from Germany to Nigeria

Ready to send money home? Here’s a step-by-step guide to help you get started

Web

• Log in to your Grey web app once you’ve credited your EUR virtual account,
• Tap on ‘Balances’ located at the left side of your screen
• Select ‘Send EUR’

• On the dropdown, you’ll see a number of send options
• If they have a Grey account, tap on ‘Send Using GreyTag’

• Enter their GreyTag, amount and complete the payment.

• If they don’t have a GreyTag,  Swap the EUR to NGN and then visit your NGN Balance.

• Tap on ‘Send NGN’ and select ‘Send to a New Recipient’
• Enter the amount and their Nigerian bank account details

• Complete the payment.

‍Mobile

• Once you’ve credited your EUR virtual account, log in to your Grey mobile app.
• On your dashboard, make sure you’re on your EUR balance
• Tap on ‘Send Money’
• On the dropdown, you’ll see a number of send options
• If they have a Grey account, tap on ‘Send Using GreyTag’
• Enter their GreyTag, amount and complete the payment.
• If they don’t have a GreyTag,  Swap the EUR and then visit your NGN Balance.
• Tap on ‘Send NGN’ and select ‘Send to a New Recipient’
• Enter the amount and their Nigerian account details 
• Complete the payment.

At this time, there are limits on the amount you can send with Grey. Be sure to check your transaction limits by visiting your profile on the web app or the more section on your Grey mobile app. 

Please note that you can send money to any registered bank account in Nigeria. You also get a payment receipt you can share with your loved ones. Start sending money from Germany with Grey today.