Common Money Transfer Scams and How to Avoid Them
Imagine you just moved to the UK from Nigeria for work. One day you receive a strange phone call from some UK-based company regarding some prize money you won but you need to provide some banking details for the money to get credited into your account. What will you do?
These are nothing but money transfer scams. In today's day, fraudsters are lurking at every corner to scam immigrants. In the UK, Nigerians yearn to securely transfer money to Nigeria, yet scams loom, targeting their trust.
Sending money from the UK to Nigeria is a very common necessity for many Nigerians living in the UK. With various money transfer services available, it is very crucial to understand all the best practices to ensure safe and secure transactions and avoid all scams.
Understanding Common Money Transfer Scams
1.Online Purchase Scams:
In this digital age, fraudsters create fake online website stores or listings with attractive deals on non-existent products. To avoid falling prey to such scams, Nigerians in the UK should prioritise using reputed websites and apps for the best money transfer to Nigeria from the UK.
2. Lottery or Prize Scams:
Scammers often target individuals with promises of lottery or prize winnings. It is very crucial to recognise that legitimate lotteries do not require individuals to make payments in advance.
3. Phishing Emails and Messages:
Phishing emails and messages mimic communications from trusted entities, such as banks or government agencies, to lure recipients to share their sensitive information. Customers must verify the legitimacy of senders with unexpected messages, and restrict themselves from clicking on suspicious links.
4. Job and Work-from-Home Scams:
Fraud job offers or work-from-home opportunities often require some upfront fees or personal information. Individuals seeking employment should conduct thorough research on potential employers.
5. Family Emergency Scams:
Family emergency scams involve impostors, posing as family members in urgent need of financial assistance. To prevent falling victim to these emotional scams, individuals should verify the caller's identity by contacting other family members.
Tips to Send Money to Nigeria from UK Securely
Nigerians in the UK often need efficient methods to send money back home. Whether it's for supporting family members, covering expenses, or making investments, the choice of a money transfer service plays a vital role in the overall experience.
When sending money from the UK to Nigeria, several factors come into play. Some of these factors include:
a. Use Reputable and Secure Apps:
Choose money transfer apps with a proven track record and positive user reviews. Those apps should also be downloaded from trustable mobile applications. Use the best app for money transfers to Nigeria to ensure hassle-free and secure transactions.
b. Verify Exchange Rates:
Before initiating any kind of money transfer, verify the current exchange rates to ensure that you receive the best value for your money.
c. Transparent Fees:
Select services with transparent fee structures. Avoid platforms with hidden charges, as transparency is key to understanding the cost of your transaction. The best money transfer app will be transparent when it comes to processing fees and additional costs.
d. Monitor Transactions:
Regularly monitoring your money transfer transactions is very important. This helps in detecting any unauthorised or suspicious activities.
Takeaway
In conclusion, sending money from the UK to Nigeria requires careful consideration of various factors to ensure a secure and super-efficient money transfer. Always ignore scam emails, unwanted WhatsApp messages, and fake URLs. Never share your bank details and OTP with anyone. Keeping in mind the factors mentioned above, individuals can now ensure the best money transfer from the UK to Nigeria while minimising the risk of falling into any type of scam.
Unique B is a trustworthy money transfer service to Nigeria from the UK. Send your money through us with competitive rates with no hidden charges. We know, It's your hard-earned money. Send your money at a better rate and pay low fees, we make sure to give you the best rates and keep fees to a minimum.
Download Our Mobile App Now!
