You've been living in the UK for a while, earning an income, and now you want to send money to your family in Nigeria. But the problem is, it's tough to find an easy and affordable way, and to even think of the paperwork process you need to go through if you want to open a physical bank account in the UK, considering some documents may not even be available to you at the moment.
And come to think of the outrageous exchange rates and maintenance fees out there, it’s frustrating and overwhelming. You say to yourself “I only just want to send money pleaseeee. Why does life have to be this tough?”
Hey! We know you want to put a smile on the faces of your family members and you can do this in a more affordable, easiest, and fastest way. How? In this article, you’ll learn how you can send money to your folks in Nigeria, from the United Kingdom. Keep reading.
Decide. How easy do you want sending money to be?
When money is involved, it’s best to weigh your options and choose an option that eases your stress. You’d agree that living in this world, chasing goals, and getting up every day to make a living is already stressful and time-consuming. So the headache of sending money back to Nigeria should never be a norm. When sending money from the UK to Nigeria, you'll typically have two primary options: traditional banks and online payment services provided by FinTechs.
Traditional banks allow you to make international wire transfers, but they come with hefty fees and less competitive exchange rates. Plus, they might take a few days to process your transfer. You’d agree that transfer delays are not ideal especially if you need to urgently send money to Nigeria.
Online payment service providers offer a more cost-effective, faster, and generally user-friendly process for you to send money. This is where Leatherback comes into play! With a few clicks, while resting on your couch, your money is on the way from your local Pound account to the Naira account of your recipient.
Sending money to Nigeria from the UK - How Leatherback helps
You've worked hard to earn your money, and the last thing you want are delays, transfer issues, and endless stories about your money. We get it, and that's why we’ve built a single access point for you to send money for FREE using SendR by Leatherback - an in-app remittance solution.
You can easily send money in Pounds, while your folks in Nigeria immediately receive the money in Naira. So, what makes Leatherback a great choice for sending money to Nigeria from the UK? Let's break it down:
Best exchange rates: When you think about saving money when exchanging Pounds for Naira, Pounds for Canadian Dollars, and other currencies, the Leatherback mobile app is your best bet.
Zero transaction fees: With SendR by Leatherback, every transaction you make is free of charge. In a recent poll we conducted on X [Twitter], we asked Leatherback Nomads to share their favourite feature on our app - 43% picked the SendR feature as their favourite. This shows how much benefit SendR gives you.
100% Guaranteed Security: Your financial security is key and that’s why we implement multiple layers of security protocols to guarantee that your money is sent and received safely, protecting your funds and personal information. Additionally, we are regulated by the FCA in the UK and FINTRAC in Canada, providing you with peace of mind that your transactions are legitimate and secure.
Currency accounts: When you need to hold cash, you have access to different currency accounts.
When you need support from our team, our Customer Success team shows up to respond via the support portal, email at help@leatherback.co, or via the support platform on your Leatherback mobile app.
How to Send Money to Nigeria from the UK with Leatherback
Start by downloading the Leatherback Mobile App from either the Google Play store or the Apple Store if you haven't already. Once the app is installed, register, select a personal account, and finish setting up your account. Click here to watch a tutorial video on how to create your Leatherback account.
Once you’ve finished setting up your Leatherback account and it is approved;
sign in to your account
tap the SendR “S” button
select GBP if you'd like to send money in Pounds
select NGN, since the receiver wants to receive money in Naira
enter the desired amount you’d like to send
tap "Send Funds"
choose from your list of beneficiaries or provide their details.
Continue to the next step by tapping "Next." Now, you have the option to choose your preferred payment method.
Here, there are two methods available. You can use:
your existing Pounds Leatherback account
access by Leatherback option, which allows you to pay with any bank card or through transfer.
Once you’ve passed the payment method stage, review your transaction details to be sure every piece of information is accurate. When you are done, input your transaction pin to confirm the transaction. Voila! Your transaction is complete.
By following the steps above:
You can conveniently send money to Nigeria, and support your loved ones in Nigeria with SendR by Leatherback. Make your loved ones smile today! Use the app TODAY.
For more information about anything you need to know about how to send and receive money on the Leatherback Mobile App, contact us at help@leatherback.co. Stay in touch and keep abreast of financial tips and resources via LinkedIn, Instagram, Facebook, and Twitter.
