How to send money to Nigeria from the UK

Winner Ajibola

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If you need to send money to Nigeria from the United Kingdom, there are several options available to you. Whether you need to send money to friends or family, pay certain bills, or make a business transaction, choosing a safe and reliable method that offers competitive rates and fast transfer times is important.

In this blog post, we’ll explore the most reliable way to send Pounds to Naira from the UK. With this information, you’ll be able to make an informed decision and send money to Nigeria with a lot more confidence.

The Best Way to Send Money to Nigeria from the United Kingdom

The best way to send money to Nigeria from the United Kingdom is through a money transfer service. A money transfer service is a company that allows you to send money from one location to another. They typically charge a fee and may also offer different exchange rates depending on the currency being sent.

Money transfer services are often better than other transfer options because they typically offer faster transfer times, competitive exchange rates, and lower fees. They usually have better customer service and provide more security for your money during the transfer process.

There are many reputable money transfer service providers like Western Union. However, the western union can be quite slow and tedious. This is why we recommend using Grey. Asides from being a reputable and reliable money transfer app, you can track your transaction in real-time and be sure it’ll deliver quickly to your recipient in Nigeria.

Why Should I Use Grey to Send Money to Nigeria?

If you’re still uncertain about whether Grey is an ideal option for your cross-border money transfers, here are a few reasons why you should choose Grey;

  1. 100% digital transfers: Rather than queuing up at the bank, you can transfer pounds from your UK bank account, swap to Naira and send it to your recipient - all on your mobile device.
  2. The best exchange rates and transfer fees: You get transparent exchange rates that are highly competitive with the current market rates. We also don’t charge any hidden fees. What you see upfront is what you pay for.
  3. Speedy transactions: For starters, converting currencies on Grey is instant. So you immediately get the equivalent in your Naira balance. Our transfers are also fast and prompt. This means when you transfer your Naira balance to your Nigerian recipient, they’ll get it in a few minutes.
  4. Free P2P transfers: Skip the currency conversions if your recipient has a Grey account. You can send them pounds directly, and they’ll receive it instantly. There are also zero transfer charges when you send money using Grey’s P2P.
  5. Instant transfer notifications: Get notified for every single transaction you make on Grey. This way, you can account for your expenses, cash outflow, and other financial statements.

How Long Does Money Transfer to Nigeria from the UK Take?

If you’re sending payments into your Grey virtual GBP account, it can take up to three business days, depending on the payment scheme the sending bank uses. Our GBP accounts are addressable in Faster Payments (FPS), Bacs, and CHAPS.

Once you have the funds in your Grey account, conversions are instant, and transfers to Nigerian accounts only take a few minutes. As we’ve mentioned, P2P transfers from your Grey GBP accounts are also instant.

How to Send Money to Nigeria with Grey

Ready to start sending money from the United Kingdom to Nigeria? Here’s how to do this with Grey;

On Web

  • Login to your Grey account.
  • Request for a GBP account if you don’t have one yet on Grey
  • Once you have a GBP account, copy the account details and send GBP to it
  • You’ll receive a notification when the funds reflect on your Grey account
  • If you’re sending via p2p, simply tap on ‘Send GBP’ and then ‘Send via GreyTag’
send-via-grey-p2p
  • Enter the GreyTag, and your recipient will receive it instantly
  • For direct Naira transfers, tap on ‘Swap GBP,’ enter the details of your swap, and it’ll reflect on your Naira balance
swap-gbp
  • Tap on your Naira balance, tap on ‘Send NGN’, and choose ‘Send to New Recipient’
  • Enter the recipient’s details and then complete the transaction

On Mobile

  • Log in to your Grey mobile app
  • Once you have a GBP account, copy the account details and send GBP to it
  • You’ll receive a notification when the funds reflect on your Grey account
  • Tap on your GBP balance, and directly under it tap on ‘Send Money’
  • If you’re sending via P2P, select ‘Send Using GreyTag’ from the options and complete the transaction with your recipient’s GreyTag.
  • For direct Naira transfers, tap on the three horizontal lines underneath your GBP balance and then ‘Swap GBP,’
  • Enter the details of your swap, and it’ll reflect on your Naira balance
  • Under your Naira balance, tap on ‘Send NGN’, and choose ‘Send to New Recipient’
  • Enter the recipient’s details and then complete the transaction

And that’s how to transfer money from the UK to Nigeria.

Grey is simplifying sending and receiving foreign payments for freelancers, remote workers, and businesses. On Grey, you can open a foreign bank account and receive payments from over 80 countries. Get started for free here.

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