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How to Save on Remittances to Nigeria from Italy

How Nigerians Can Save on Remittances from Italy?

29 Jan 2025


Sending money home shouldn’t feel like watching your hard-earned euros shrink with every transfer. Yet, hidden fees, poor exchange rates, and high service charges can eat into your remittances, leaving your loved ones in Nigeria with less than they deserve. Many Italy-based Nigerians need to send money from Italy to Nigeria almost every month or during emergencies. Nigerian immigrants who financially support their families and communities back home need a reliable money transfer channel that doesn’t consume most of their hard-earned money during the transaction. Unfortunately, this happens often when money transfers involve high transaction fees, less competitive exchange rates, and hidden fees. The remittance recipients end up receiving much less money than intended. 

Ways to Save on Remittances from Italy to Nigeria

To reduce these transfer costs as much as possible, here are specific ways to ensure that more value of your hard-earned euros reaches your loved ones’ pockets.

Shop for a Reliable Remittance Service

There’s only one rule: Always Compare fees and exchange rates! This is an effort-taking task but very effective in reducing your transaction costs. Based on your priorities, you can decide how much you’ll pay as upfront fees and what exchange rates suit you best. Other than this, transaction speed, convenience, and service provider reliability are essential to consider. The goal is to ensure your money transfer is quick, easy, safe, and less costly. 

Use Digital Remittance Services

Speaking of convenience, several digital money transfer services operate. For example, you can easily send money to Nigeria online from Italy with a few clicks using the Ace Money Transfer website or mobile app. 

Lower Fees and Better Exchange Rates

Services like ACE Money Transfer are mindful of their customers’ hard-earned money. We prioritize keeping the transfer fees as low as possible and the exchange rates as competitive as possible. Our goal is to transfer finances to the customer’s recipient without funds getting eaten up by excessive fees. 

Quick and Reliable

Digital money transfer services have become popular as more people use them for remittance transfers. They are reliable, safe, and less time-consuming because you can use their services wherever and whenever you wish. ACE has its own fully functioning mobile app that is used frequently by immigrants all over the world for remittance transfers. 

Convenient and Simple

You no longer need to take time off from work and pay taxi dues for a trip to the bank. Using digital money transfer services, you can simply use your phone or computer to transfer funds wherever you wish. You can conveniently send money from Italy to Nigeria following a few simple steps. 

Frequent Promotions and Discounts

Almost all digital transfer service providers offer various promotions and discounts to their customers. These must be taken advantage of if you regularly need to send money online to Nigeria from Italy. If you choose ACE Money transfer, you can get a Welcome Bonus immediately to enjoy zero transfer fees on your first transaction. Besides this, ACE frequently offers referral bonuses and special occasion discounts. 

The Truth Regarding Remittance Fees

When making a money transfer to Nigeria from Italy, you must know beforehand that the remittance fees are not just the flat fee you see upfront. Hidden charges exist as well, and the most prominent one is the currency conversion rate. This is important to note since every other service provider has its way of calculating its fees. 

You must note that some money transfer services might have lower upfront fees, which is tempting, but their exchange rates are quite poor. This means that you might not pay so much upfront but end up paying a sizeable amount due to the exchange rate, even if it is slightly higher.

Save Big on Transfers: The Best Way to Remit Money to Nigeria from Italy!

Thorough research and choosing the best money transfer channel will save you significant money. Look for services with competitive exchange rates to maximize the value of your transfers. Always prioritize platforms that ensure secure and hassle-free transactions for your peace of mind. Setting up regular transfers can also help you benefit from loyalty programs and exclusive offers. You can support loved ones back home with exemplary service without overspending fees.

Pro Tip: An online money transfer to Nigeria from Italy via ACE’s money transfer app offers better value for your hard-earned money with low transfer fees and competitive exchange rates for Euros to NGN.

FAQs

What are the typical fees involved in sending remittances from Italy to Nigeria?

Remittance fees typically include transaction charges and currency conversion rates, which vary depending on your service.

How can I save money on remittance transfers to Nigeria?

You can save by comparing services, using online platforms like ACE Money Transfer, and taking advantage of promotional offers and fee waivers for first-time users.

Are there any discount programs available for regular remittance senders?

Many services, including ACE Money Transfer, offer referral programs and special promotions that can reduce your fees or provide bonuses.

When is the best time to send money to Nigeria to get favorable exchange rates?

The best time to send money is when the euro exchange rate to naira is strong. Monitoring rate fluctuations can help you maximize the amount received.

What payment methods should I use to avoid high fees?

Using debit cards or bank transfers typically incurs lower fees than credit card payments, often with higher transaction costs.


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