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How to send money from Canada to Nigeria

How to send money from Canada to Nigeria

Canada has been a top travel destination for Nigerians for some time now.

The North American country has become an attractive destination to Nigerians seeking greener pasture, better jobs, and education.

This is so because Canada has a highly subsidized health and educational system, as well as diverse job opportunities for immigrants. 

According to reports, there are over 100 thousand Nigerians currently living, working, and, or schooling in Canada.

Thanks to financial technology companies around, sending money from country to country has become quicker and less expensive.

People abroad no longer have to wait for weeks or pay high transaction fees to get money to their family and friends in other countries. 

In this article, we will show you how you can send money from Canada to your friends, family and business partners in Nigeria in a simple and straightforward way. 

Want to see how it works yourself? Download the app and create an account for free here.

What you need to know before choosing a platform

  • Select the right platform:

It is important to be very careful when looking for the right platform to send money to Nigeria from Canada. Choosing the right platform will save you a lot of stress.

The right platforms are always user-friendly, offer the best rates, offer low transaction fees, are available in a host of countries and regions, and are top notch when it comes to security. 

  • Be aware of exchange rates:

Before you send money from Canada to Nigeria, be sure to compare the fees and the current exchange rates in  Nigeria.

This is because the exchange rate in Nigeria fluctuates a lot, and you do not want to be caught unawares. Also, pay attention to how the exchange rate is determined on the platform that you want to use. 

  • The accurate account details of your recipient:

To send money to Nigeria, you will need to provide the correct details of your recipient; full name, bank details- account number, etc. Be sure to provide all the requested information correctly before sending money to Nigeria.

How to send money to Nigeria from Canada.

OhentPay

OhentPay is a global Fintech solution that helps immigrants, individuals and businesses to send and receive international transfers around the globe.

They charge a very competitive processing and markup fee. Also, transferring money with OhentPay takes less than twenty minutes, as long as you enter the correct information.

OhentPay is registered as a money service business with the Financial Transactions and Reports Analysis Centre of Canada (FINTRAC).

To transfer money from Canada to Nigeria with OhentPay is pretty simple:

  • First, create a free account on the OhentPay app. The app is available to Android and to IOS users.
  • Once your account gets verified, you can begin to make international transfers
  • To transfer money internationally, go to your dashboard and click on 'Send
v
Send money to Canada using OhentPay
  • Select the currency you want to send money and also the country you want to send money to in Nigeria. 
  • Input the recipient's information, including their name, contact details, and bank account information. Always double-check the information that you have provided to avoid any errors.
  • Enter the amount you want to send and add your debit card, so your OhentPay account will be funded. 
  • Confirm the recipient’s details and enter your PIN to confirm the transaction. 

While Ohentpay is considered the best for sending money to Nigeria, there are other platforms that you can choose from.

However, you should be aware that these platforms do not guarantee a user-friendly experience, do not offer the best rates in the market, do not offer low transaction fees, aren’t available in a host of countries and regions. 

Want to see how it works yourself? Download the app and create an account for free here.
Want to see how it works yourself? Download the app and create an account for free here.

Start your journey to connect beyond borders with OhentPay

OhentPay UK Limited is registered and regulated by the Financial Conduct Authority (FCA) under the Payment Services Regulations 2017 under firm reference number 800178. OhentPay UK Limited is an agent of PayrNet Limited, a company registered in England and Wales with company number 09883437. PayrNet Limited is authorised by the Financial Conduct Authority under the Electronic Money Regulations 2011 (FCA reference 900594) for the issuing of electronic money and payment services. The Financial Services Compensation Scheme does not cover electronic money products. No other compensation scheme exists to cover losses from your electronic money account. Your funds will be held in one or more segregated bank accounts with a regulated third party credit institution, in accordance with the provisions of the Electronic Money Regulations 2011 OhentPay is registered as a money service business with the Financial Transactions and Reports Analysis Centre of Canada (FINTRAC) under registration number M20343943. OhentPay is registered as a money service business with the United States Financial Crimes Enforcement Network (FinCEN) under registration number 31000246878602.

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