Compare money transfers to Nigeria

The Best Services to Transfer Money to Nigeria

Would you like to send money to Nigeria?

There are various channels and options for transfer which you can use. A brief overview of the procedure is provided here.

How to easily process a money transfer to Nigeria?

1. Confirm the rate at which your currency is converting to Nigerian Naira (NGN) at the moment. Perhaps you should do this check regularly to discover the best time to make the transfer to save more.
2. Search for remittance services. Compare their NGN exchange price offering. Factor in their fees & other charges to know the exact amount of naira that your recipient will receive. Check their options for deposit and delivery, transfer speed, and other factors important to you.
3. Select the provider that’s best serves your purpose and open an account with them. You can begin the transfer once your account is approved.
4. Fill out the transfer form you’re given with necessary information for the transaction like recipient’s information, the amount, and method of delivery.
5. Go through the data you’ve supplied again to be sure that they are accurate to forestall any hiccups in the process. Then, proceed to deposit the transfer sum and you’re done. Be sure to select a company that has an efficient customer support service just in case of any issues.

What are the channels for money transfer to Nigeria?

• Inter-bank Transfers. Many banks allow you to move money directly from your account to the receiver’s. While this method is quite safe and secure, it is relatively slow, costly, with an unfavourable rate of exchange and probably some extra fees. That's because the transfer process may require intermediary financial institutions who will each charge fees or add a margin to the parallel market exchange rate. Also, your beneficiaries may require a bank account to receive the funds.
• Checks and Money Orders. Though these are not that popular, some remittance agencies still allow the use of money orders and checks as methods of sending money to Nigeria.
• Cash Transfer/Pick-up Services. Some remittance companies have thousands of agent locations for cash collection across Nigeria where your beneficiary can go and collect cash. They also offer convenience and speed. But this service may also attract much higher charges.
• Digital Online Transfers. These e-transfer platforms online are very popular because they are often really fast, convenient, cost-effective, and provide flexible alternatives for both payment and delivery. They allow debit cards as well as credit cards, bank transfers, PayPal, or cash deposits. You can wire the funds from their website, use their mobile applications, or simply deposit actual cash at any of their vendors near you. Sendbot and Facebook Messenger are some other alternatives. And your recipients will receive the final sum in their bank accounts, phone e-wallet or collect cash within a couple of minutes.

How much does it cost to send money to Nigeria?

The total cost of money transfer to Nigeria depends on money lost or gained during currency conversions, what you pay as fees or charges, and your deposit and delivery preferences. You may pay a little extra for emergency transfers.

Why our comparison tool?

Still don’t know which transfer service platform to pick?

We've provided a list of popular and approved providers that specifically run money transfers as well as traditional banks so that you can quickly compare their offering to pick a suitable service.

• Find top fully regulated, trusted, and reliable money transfer services that support transfers from your country to Nigeria.
• Discover cheaper wire transfer providers by comparing the live rates & charges on our site to be sure of exactly what you'll spend and avoid the traps of hidden charges.