In this article, we are going to learn how to receive money from Australia in Nigeria and mobile applications or money transfer platforms that can be utilized for this purpose. Receiving money from Australia in Nigeria can not be done easily via bank to bank transfer since we are dealing with international bank accounts between two different countries using different currencies. Also, this bank to bank transfer method can cost you a lot in terms of transaction fees.
So what you need instead is an online money transfer platform that allows you to receive money directly to your bank account or to the account or wallet of the platform, which you can then go on to withdraw to your own account. And if the platform provides its own direct withdrawal process such as a debit or master card, you can withdraw the transferred money directly from the wallet using the card at any atm center.
Reason to Use Online Money Transfer Platforms to Receive Money from Australia In Nigeria
You can safely receive money from Australia in Nigeria without hassles or extra fee charges using online money transfer platforms. Bank to bank involving the transfer or the receiving of money from Australia in Nigeria can face setbacks and be costly as well if it pulls through. The conversion charges placed by banks in handling currencies exchange across two countries like Australia and Nigeria are set too high. And by the time you receive the money a significant part of it may have been deducted from your balance by the bank. But using a reliable online money transfer platform to receive money saves you from these extra charges.
In order to receive money from Australia in Nigeria from a sender successfully, you would have to provide certain key information to your sender that the online transfer platform would require. Such information includes your swift code, your full name, your bank name, your bank account number, and your address. Providing all the necessary information will increase your chances of successfully receiving money from Australia in Nigeria.
How to Receive Money from Australia in Nigeria | Platforms to Use
Here are the various ways and platforms that you could use to receive money from Australia in Nigeria.
- PayPal Account. PayPal is arguably the easiest and best way to send and receive money involving two different countries. With PayPal, you can decide to withdraw the money directly from your PayPal account by using your PayPal card at any atm in any country. If the sender has a PayPal account, then receiving money via this method is the recommended route to follow through.
- Transferwise. Transferwise is an online money transfer platform for sending and receiving money between different countries at a cheap transaction fee rate. It supports Australian Dollars and the Nigerian Naira currencies and therefore suitable for receiving money from Australia in Nigeria. The money sent via transfers gets deposited directly into your bank account.
- Worldremit. Worldremit is another great alternative. It’s delivery time in receiving money is short hence a fast way to receive money from Australia in Nigeria. Supports both currencies and the money sent gets deposited into your bank account directly as well.
These three platforms and methods highlighted above can allow you to receive money from Australia in Nigeria quickly, easily and safely.