In this article, we’d see 10 different working but easy methods of receiving money from Ghana to Nigeria.
As the world gets more interconnected and the internet gets more popular, transferring money across borders is now getting close to becoming a routine task. Whether you’re transferring to your business partner(s), or you have family and friends in Ghana, it’s important you know the most convenient and reliable ways of receiving money from Ghana to Nigeria.
From traditional bank transfers to modern online payment platforms and specialized money transfer services, kindly check out some methods of sending money from Ghana to Nigeria below:
- Bank Transfer: With the prevalence of international banking services, receiving money through a bank transfer is a popular and secure option. By sharing your Nigerian bank account details, such as the bank name, account number, and account holder’s name, the sender can initiate a transfer from their Ghanaian bank account to yours.
- Mobile Money Transfer: Mobile money services have gained significant traction in recent years, providing a convenient way to send and receive funds. Services like MTN Mobile Money and AirtelTigo Money allow for international transfers, enabling you to receive money directly into your Nigerian mobile money account.
- Online Payment Platforms: Leveraging the capabilities of platforms like PayPal, Payoneer, or Skrill opens up a world of international financial transactions. By creating an account and linking it to your Nigerian bank account, you can receive money from Ghana via these online payment platforms. The sender can transfer funds from their Ghanaian account to yours, facilitating seamless transactions.
NOTE: SO far, Nigerians can’t receive money on Nigerian PayPal accounts, but if you have a relative in any of the PayPal-accepted countries, you can reach out to them to help you create an account.
- Money Transfer Companies: Renowned money transfer companies such as Western Union and MoneyGram offer reliable options for receiving money from Ghana. The sender can visit a local branch in Ghana, provide your details, and initiate the transfer. You can then collect the funds by visiting a corresponding branch in Nigeria and completing the necessary documentation.
NOTE: The method of transfer you’d opt for should depend on your needs and preferences. If you need to send the money quickly, it’d be preferable if you go for a money transfer service while if you’re sending a huge amount of money, a bank transfer would be the best option.
Some tips for receiving money from Ghana to Nigeria
Below are some tips you need to keep in mind when sending/receiving money from Ghana to Nigeria:
- Compare fees: Prior to selecting a money transfer service, it’s essential to compare the fees charged by different providers. These fees can vary significantly, so it’s important to choose a service that offers competitive rates, ensuring you get the best value for your money.
- Consider the exchange rate: The exchange rate determines the value of one currency in relation to another. When sending money from one country to another, the amount you receive is influenced by the exchange rate. Always check the current exchange rate before initiating a transfer to ensure you maximize your money’s worth.
- Be aware of recipient’s fees: Apart from the fees charged by the money transfer service, the recipient may also incur additional fees imposed by their bank or financial institution. It’s crucial to communicate with the recipient and inquire about any potential charges they might encounter.
- Use a reputable money transfer service: While numerous money transfer services exist, not all are equally trustworthy. Conduct thorough research to ensure the service you choose is reputable and recognized for its excellent customer service.
- Read the terms and conditions carefully: Prior to making any transfer, carefully read and understand the terms and conditions provided by the money transfer service. This will help you comprehend the applicable fees and charges associated with the transaction.
- Keep track of your transactions: Maintaining a record of all your money transfer transactions is vital for organizational purposes and to prevent overspending. Stay vigilant and ensure you have accurate documentation of each transfer you make.
- Be aware of scams: When engaging in international money transfers, it’s crucial to be mindful of potential scams targeting unsuspecting individuals. Educate yourself about common scams and take necessary precautions to protect yourself and your finances.
10 digital banking apps that you can use to send money from Nigeria to Ghana
Below are some digital banking apps that will let you send and/or receive money from Ghana to Nigeria:
- Flutterwave: Flutterwave is a versatile payment platform that allows you to send money from Nigeria to Ghana seamlessly. It provides a user-friendly interface and supports transactions across multiple African countries including Ghana, Nigeria, Kenya, South Africa, Uganda and Tanzania. Flutterwave is also available in the United Kingdom, America, and Europe.
- Chipper Cash: Chipper Cash is a popular digital banking app that enables users to send and receive money across various African countries, including Nigeria and Ghana. It offers a convenient and secure platform for mobile payments and transfers.
In addition to money transfers, you can also perform different services on Chipper, including payment of bills and buying of airtimes. Chipper also offers virtual cards for making online transactions.
- Carbon: Formerly known as Paylater, Carbon offers a mobile app that enables you to send money internationally, including from Nigeria to Ghana. It provides competitive exchange rates and convenient features for money transfers.
- Afriex: Afriex is another platform that you can use for sending money from Nigeria to Ghana and vice versa. With the Afriex App, you can send money to and from Nigeria, Ghana, Uganda, Kenya, Cameroon, Haiti, Ethiopia, Canada, the United Kingdom and the United States.
- Paga: Paga is a popular mobile payment app in Nigeria that also supports international transfers. You can use Paga to send money from Nigeria to Ghana quickly and easily, making it a reliable option.
- Eversend: Eversend is also another convenient option to consider when trying to send money from Nigeria to Ghana quickly. All you need to do is sign up for an account and you can begin transferring funds to other countries easily. Like most other apps, the recipient will also need to have an account with Eversend to receive the funds you send. Once they have received the funds, they can then transfer them to their local mobile money service.
- Yellow Pay: To send money through Yellow Card, simply login to your account and select ‘Pay‘ followed by ‘Send‘ on the homepage. Enter the recipient’s phone number with the country code, check its validity, and proceed.
If the recipient isn’t a Yellow Card user, you can still send them money using their phone number. Specify the amount, review the transaction details, and confirm. The recipient will receive an immediate text message notifying them that the amount has been reflected in their account in Naira.
- Bitnob: Bitnob is another app that lets you send and receive money from Ghana to Nigeria. To use it, you will need to first download the app, create an account, get verified, and fund the account.
According to the Bitnob website, the transfer rate when using Bitnob to transmit money across Africa is only 1%, which is actually cheap if I’m to say.
- Bitsika: Bitsika is also another app that lets you send money seamlessly across various African countries. They currently serve users in Nigeria, Ghana, Benin Republic, Cameroon, Ivory Coast Togo, Kenya, Senegal, Uganda and Burkina Faso, enabling them to deposit money from one of these countries and instantly send it to any other.
- Access Africa: Access Africa is also another great option for people looking to transfer money from Ghana to Nigeria. it is available to all Access Bank customers on the Access More app. To use it, simply open your app and click on ‘More‘, then proceed to ‘Access Africa‘. Select the country from the drop-down menu and proceed with the on-screen instructions.
- Ecobank Mobile App
- Zenith Bank Mobile App
- UBA Mobile Banking App
- Western Union
Before choosing any app, it’s advisable to review its features, transaction fees, exchange rates, and user reviews to ensure they meet your specific requirements. Additionally, consider the availability of services in both Nigeria and Ghana and any specific requirements for international transfers.
Which of the above apps have you used? What’s your review? Kindly drop us a comment and don’t forget to share.