Send Money to Nigeria
Compare the best money transfer services to send money to Nigeria. Find the lowest fees, best exchange rates, and fastest delivery times.
How to Send Money to Nigeria
Sending money to Nigeria has never been easier. With dozens of money transfer services competing for your business, you can find great exchange rates and low fees. Whether you're supporting family, paying for services, or making investments, RemitAnalyst helps you compare the best options.
Best Ways to Send Money to Nigeria
- Online Money Transfer Services: Services like Wise, Remitly, and WorldRemit offer competitive rates and fast delivery. Most transfers can be completed from your phone or computer in minutes.
- Bank Transfers: Traditional banks offer international wire transfers, but often charge higher fees and offer less competitive exchange rates than specialized services.
- Cash Pickup Services: Western Union and MoneyGram allow recipients to collect cash at local agent locations, ideal when the recipient doesn't have a bank account.
- Mobile Wallet Transfers: Many services now offer direct transfers to mobile wallets, which can be convenient in regions with high mobile money adoption.
What to Consider When Sending Money to Nigeria
Exchange Rate
Compare rates to the mid-market rate. Even small differences can mean big savings on larger transfers.
Transfer Fees
Check both flat fees and percentage fees. Some services have no fees but compensate with worse rates.
Transfer Speed
Instant transfers are available but may cost more. Bank transfers typically take 1-3 days.
Security
Only use licensed and regulated services. All providers on RemitAnalyst are verified.
Top Money Transfer Services to Nigeria
Compare fees, exchange rates, and transfer speeds from trusted providers
| Provider | Rating | Speed | Fees | Highlight | Action |
|---|---|---|---|---|---|
#1Wise | 1-2 days | Low fees | Best exchange rates | Compare | |
#2Remitly | Minutes | From $0 | Fast delivery | Compare | |
#3WorldRemit | Minutes to days | Low fees | Many payout options | Compare | |
#4Western Union | Minutes | Varies | Global network | Compare | |
#5Xoom | Minutes to days | From $0 | PayPal backed | Compare | |
#6XE | 1-4 days | No fees | No transfer fees | Compare |
Frequently Asked Questions About Sending Money to Nigeria
Everything you need to know about international money transfers
The best way depends on your priorities. For the best exchange rates, consider Wise or Remitly. For speed, Western Union or MoneyGram offer instant transfers. Compare all options on RemitAnalyst to find the best deal for your specific transfer amount.
Transfer times vary by provider: Bank transfers typically take 1-3 business days. Services like Remitly and WorldRemit can deliver within minutes to hours for cash pickup. Wise usually takes 1-2 business days for bank deposits.
Fees vary significantly between providers. Some charge a flat fee (e.g., $3-$10), while others take a percentage of your transfer (0.5%-3%). Many providers also include a margin in their exchange rate. Always compare the total cost including fees AND exchange rate on RemitAnalyst.
For larger amounts, Wise often offers the best rates with transparent fees. For smaller amounts, Remitly or Xoom may be cheaper. The cheapest option depends on your transfer amount, so always compare on RemitAnalyst before sending.
Yes, most money transfer services accept bank transfers (ACH in the US) as a funding method. This is often the cheapest option. You can also use debit cards, credit cards (higher fees), or cash at agent locations.
You'll typically need: recipient's full name (as on their ID), bank account number and IFSC/SWIFT code (for bank deposits), or their phone number and address (for cash pickup). Some services require recipient's ID number.
Yes, when using licensed and regulated services like those compared on RemitAnalyst. All major providers use bank-level encryption and are regulated by financial authorities. Always use official websites or apps.
Exchange rates fluctuate constantly. RemitAnalyst shows live rates from multiple providers so you can compare and find the best rate for your transfer. The mid-market rate is the fairest benchmark to compare against.
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