As Nigeria experiences the ongoing “Japa” wave, an increasing number of Nigerians are relocating abroad—particularly to countries like the U.S., U.K., Canada, and Australia—in search of better opportunities. Whether for work, education, or a higher quality of life, this migration trend has significantly amplified the demand for reliable, cost-effective international money transfer services like Switch.
Here’s a look at this need through the experience of Onyeka, a product designer with a passion for sustainable farming.
Onyeka’s Story
Onyeka was living the Lagos life as a product designer while running a farm in Ogun State as a side hustle. But just as his farm started gaining momentum, he received a job offer in Houston with visa sponsorship. Determined to pursue both opportunities, he began preparing for his relocation and establishing a solid structure for his farm.
Fast forward nine months, and Onyeka has settled into his new life abroad, with his farm thriving back home thanks to his supportive brother managing operations. However, as the farm began to make sales, operational costs mounted, and Onyeka needed to send money back home to cover expenses. He and his brother had been using a platform that charged 4.5% for transfers—a hefty cut for a significant amount. Frustrated, Onyeka’s brother joked that he should either build a digital product for cheap cross-border transfers or find a better solution online.
After some jokes about creating his own cross-border transfer app, Onyeka went online to search for a cheaper solution—and discovered Switch: a digital product offering affordable international transfers and an array of useful services for his personal life and business.
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Why Switch?
Switch provides budget-friendly international transfers, making it a standout solution for Onyeka and others needing reliable cross-border transactions. You can send money home to Nigeria with ease, from anywhere in the world. Here’s what makes it even better:
Low-Cost International Transfer and Service Fees
- First 6 Months: Free international transfers to Nigerian bank accounts after signing up
- After 6 Months: Low-cost future transactions
- Service Fees:
- Transfer to other Nigerian bank accounts: ₦25.00 or less
- Funding your account: Free
- Transfer to another Switch account: Free
- Account maintenance fee: Free
- Payment request (deposit): Free
Additional Financial Services
Switch doesn’t stop at affordable transfers—it offers a full suite of services for personal and business use. Here’s a look:
- Multi-Currency Savings: Save in GBP, USD, NGN, and other currencies.
- Bill Payments: Quickly pay utility bills, airtime, and cable subscriptions from anywhere in the world.
- Card Services: Get a virtual card accepted globally for easy payments.
- Wallets & Accounts: Create multiple wallets in different currencies at no extra cost.
- Lending Products: Access loans (based on your credit rating).
- Investment Products: Invest in options like Treasury Bills, Stocks, Bonds, Prime Real Estate, and Agriculture to build your wealth.
- Insurance Products: Purchase insurance directly through the Switch app or website.
Onyeka was amazed by the range of services available, especially since Switch not only enabled affordable international transfers but also allowed him to create separate accounts for personal and business use. Access to loans, insurance, and investment products could further accelerate his farm’s growth.
Plus, he has peace of mind knowing that Switch is powered by Sterling Bank, regulated by the Central Bank of Nigeria, and insured by the Nigeria Deposit Insurance Corporation (NDIC). Sublime!
Get Started with Switch in 3 Easy Steps:
- Sign Up: Download the Switch mobile app from the Play Store or App Store and sign up with your details and a selfie. Or, get started on switch-ng.com.
- Fund Your Account: Deposit funds in your preferred currency using any card worldwide.
- Transact and Enjoy: Start transacting internationally with ease and at a low cost, while enjoying Switch’s many features.
Be like Onyeka—start switching money across borders today.
