Send Money To Nigeria

Updated on September 13, 2020
Personal
Business
From
United States Flag
United States
USD
To
Nigeria Flag
Nigeria
NGN
1 USD equals
381 NGN
09/13/2020 5:19 PM UTC
 
How much to transfer?
$1-1k
$1k-10k
$10k +
Provider
Features
Fees
Score
Speed
Transfer Now
XE Money Transfer Logo
  • Check Icon
    Fee-free transfers
  • Check Icon
    Competitive exchanges rates
  • Check Icon
    Limit orders
  • Check Icon
    Multilingual website and customer service
$
$
$

low

Fees
74
Speed Icon

medium

2-3 days

Less Information
-

Transfer Options

  • Bank Transfer
  • BPAY (Australia)

Features

  • Check Icon
    Fee-free transfers
  • Check Icon
    Competitive exchanges rates
  • Check Icon
    Limit orders
  • Check Icon
    Multilingual website and customer service

Support

  • Phone
Support
Phone Icon
Phone
$
$
$

low

Fees
Speed Icon

medium

2-3 days

Best For

  • Circle Check Icon
    No fees for personal transfers
  • Circle Check Icon
    Accepts payments in several currencies
  • Circle Check Icon
    Target specific rates using limit orders
  • Circle Check Icon
    No debit or credit card payments
  • Circle Check Icon
    No scheduled transfers
WorldRemit Logo
  • Check Icon
    Bank account transfers and cash transfers
  • Check Icon
    Mobile airtime and mobile wallets top up
  • Check Icon
    Home delivery of transferred funds
  • Check Icon
    Multicurrency WorldRemit Wallet
  • Check Icon
    Multilingual website
$
$
$

medium

Fees
63
Speed Icon

fast

1-2 days

Less Information
-

Transfer Options

  • Bank Transfer
  • Debit / Credit card
  • Google / Apply Pay
  • POLi (Australia)

Features

  • Check Icon
    Bank account transfers and cash transfers
  • Check Icon
    Mobile airtime and mobile wallets top up
  • Check Icon
    Home delivery of transferred funds
  • Check Icon
    Multicurrency WorldRemit Wallet
  • Check Icon
    Multilingual website

Support

  • Phone
Support
Phone Icon
Phone
$
$
$

medium

Fees
Speed Icon

fast

1-2 days

Best For

  • Circle Check Icon
    Transfers to cash pickup locations
  • Circle Check Icon
    Transparent rates and fees
  • Circle Check Icon
    Low minimum transfer amount
  • Circle Check Icon
    No hedging tools
  • Circle Check Icon
    No scheduled transfers
Payoneer Logo
    $
    $
    $

    high

    Fees
    71
    Speed Icon

    medium

    2-3 days

    Less Information
    -

    Transfer Options

    • Bank transfer
    • Debit card
    • Credit card
    • Bank debit

    Features

      Support

      • Phone
      Support
      Phone Icon
      Phone
      $
      $
      $

      high

      Fees
      Speed Icon

      medium

      2-3 days

      Best For

      TransferWise Logo
      • Check Icon
        Transparent fee structure
      • Check Icon
        Send money to email addresses
      • Check Icon
        Multicurrency account with debit card
      • Check Icon
        Multilingual website & app
      $
      $
      $

      low

      Fees
      75
      Speed Icon

      fast

      1-2 days

      Less Information
      -

      Transfer Options

      • Bank Transfer
      • Credit Card
      • Debit Card
      • Country specific alternatives

      Features

      • Check Icon
        Transparent fee structure
      • Check Icon
        Send money to email addresses
      • Check Icon
        Multicurrency account with debit card
      • Check Icon
        Multilingual website & app

      Support

      • Phone
      Support
      Phone Icon
      Phone
      $
      $
      $

      low

      Fees
      Speed Icon

      fast

      1-2 days

      Best For

      • Circle Check Icon
        User friendly mobile app
      • Circle Check Icon
        Multi-currency account
      • Circle Check Icon
        Travel debit card
      • Circle Check Icon
        No scheduled transfers
      • Circle Check Icon
        No dedicated account manager

      How to send money to Nigeria

      How To Step Icon
      Step 1
      Compare, make a selection, register
      Compare, make a selection, register
      Review and compare the best money transfer companies that send money to Nigeria. 
      Choose one according to your specific requirements. 
      Sign up as a personal or business customer by providing details from a valid identity document.
      How To Step Icon
      Step 2
      Check exchange rate and prepare for transfer
      Check exchange rate and prepare for transfer
      Go through historial NGN exchange rates and determine if now is a good time to send money to Nigeria.
      Enter the transfer amount.
      Provide the bank account details of the recipient.
      Lock the rate offered by your service provider.
      How To Step Icon
      Step 3
      Carry out the transfer
      Carry out the transfer
      Send your payment to the selected service provider.
      Upon receiving your payment, the service provider will initiate the cross-border transfer.
      Keep track of the transfer through regular updates or notifications.

      What you need to send money to Nigeria

      You will need to verify your identity by providing details from a government-issued ID document. Depending on how you choose to pay, you will need your bank account, credit card, or debit card details. You will also need the beneficiary's Nigerian bank account details.
       

      Ways to receive money in Nigeria

      There are three ways for a resident in Nigeria to receive money from overseas.

      • Foreign bank account
      • At a cash pick-up center
      • Via a mobile top-up or in a mobile wallet

       

      Bank Account

      Bank account transfers are typically the most cost-effective. Processing time depends on your service provider, the payment method, as well as the receiving bank. Some of the country's leading banks include Zenith Bank, Guaranty Trust Bank (GTBank), First Bank of Nigeria, Ecobank Nigeria and Access Bank.

      What you need to transfer money to a bank account in Nigeria

      Your service provider will need the recipient's complete name, a NUBAN, the name and location of the receiving bank, and its SWIFT code.

      • The Nigeria Uniform Bank Account Number (NUBAN) has 10 digits.
      • You need to provide a SWIFT code as this helps identify the right branch. Example - The SWIFT code for Access Bank on Danmole Street in Lagos is ABNGNGLA.

       

      Cash pick-up

      Cash transfers are typically more expensive in comparison to bank account transfers. Some of your alternatives when carrying out a cash transfer to Nigeria include WordRemit, Remitly, Ria and Western Union. The corresponding tables have addresses of cash pick-up locations in two of Nigeria's major cities.

      WorldRemit cash pick-up locations in Nigeria 

      Lagos:

      Zenith Bank

      Ozumba Mbadiwe Avenue, Victoria Island, Lagos

      Union Bank

      Adeniji Adele Road, Lagos Island, Lagos

      Kano:

      First Bank

      Lagos Street, Kano

      Union Bank

      Bank Road, Fagge, Kano

      Remitly cash pick-up locations in Nigeria 

      Lagos:

      Access Bank

      Articles Market, Opposite Trade Fair, Lagos

      Skye Bank

      Ile Ile Street, Lagos

      Kano:

      Access Bank

      Along Kano-Duara Road, Kano

      Skye Bank

      Mohammed Way, Opposite Kano Club, Kano

      What is required to pick up cash in Nigeria

      You need to provide the recipient's full name along with a chosen cash pick-up center. The receiver needs to present a valid form of ID document and a transaction or reference number to collect the transferred funds.

      Safety tips for picking up cash in Nigeria

      The U.S. and the UK governments warn their citizens of high levels of street crime in Nigeria. These include instances of assaults, armed robberies, muggings, home invasions, car jackings, and kidnappings. If you plan to collect money from a cash pick-up center, do so during daylight hours and have someone accompany you.

      Do not venture into quiet areas after dark, even if you have company. Do not wear expensive watches or jewelry because perceived wealth can make you the target of crime. If you are involved in an armed robbery, do not resist.

      Some parts of the country are prone to frequent curfews that result in businesses closing. This may be particularly problematic if you need to collect money from a cash pick-up location.
       

      Mobile airtime and mobile wallet top-up options

      You may send money to Nigeria in the form of mobile airtime top-ups. Some of the service providers whose airtime you may top up include Airtel, Glo Mobile, Etisalat, and MTN. WorldRemit provides this service, as does Azimo. Xendpay lets you send money to Nigerian mobile wallets.

      FAQs

      Best way to send money to Nigeria

      The best way to send money to Nigeria is directly into the receiver's bank account because this is usually the most affordable option. Paying for your transfer using your bank account tends to attract lower fees when compared to credit/debit card payments.

      Best way to send money to Nigeria for business

      The best way to send money to Nigeria for business is TransferWise or Payoneer. For small businesses, TransferWise has smaller fees per transaction. For larger businesses, Payoneer should be investigated for preferred partnerships and a more mature set of business services depending on the business needs.

      Best app to send money to Nigeria

      Several international money transfer companies provide apps for devices that run on Android and Apple. Apps that rate well are TransferWise and WorldRemit for their user-friendliness, ease-of-use and security.

      Easiest way to send money to Nigeria

      The easiest way to send money to Nigeria is online. Several companies let you make your payment using your bank account, and they then transfer the money to the recipient's bank account. You may also pay for your transfer by using a debit card, a credit card, or other region-specific methods such as Google Pay, Apple Pay, CHAPS, BACS, POLi and ACH.

      Can I use PayPal in Nigeria?

      Yes, you may use PayPal in Nigeria. However, personal PayPal users from Nigeria cannot use their accounts to receive money. They may use their accounts to send money and to shop online - by securely adding their cards.

      Can I withdraw money from PayPal in Nigeria?

      No. Unfortunately PayPal does not let its Nigerian users make withdrawals.

      Can I use PayPal to send money to Nigeria?

      No, you cannot. PayPal does not let its Nigerian customers receive money.

      Does WorldRemit work in Nigeria?

      Yes. WorldRemit supports sending money to Nigeria. You can send an individual money through a cash pick-up location or you can send mobile airtime top up, and/or transfer money directly to a person’s local bank account.

      Can I send money to Nigeria through Western Union?

      Yes. You may send money to Nigeria through Western Union. Depending on where you live, you may pay for your transfer via credit or debit card, using your bank account, via Apple Pay, or by visiting an agent location.

      How do I send money to someone in Nigeria?

      You may send money to a Nigerian bank account by transferring to a cash pick-up location, topping up mobile airtime or through mobile wallets. Payment methods may vary depending on the company you select, although most accept payments via bank account transfers.

      How can I send money from the USA to Nigeria?

      You can send money from USA to Nigeria using specialist money transfer companies. Service providers such as TransferWise, XE, WorldRemit, Remitly and XOOM support sending money to Nigeria. WorldRemit and Remitly support sending money for cash pick-up, as mobile airtime top-ups, and to local bank accounts. Simply sign up with one of the remittance providers that supports Nigeria as a destination country. Enter the recipient's banking details and upload money to the remittance company.

      Can Remitly send money to Nigeria?

      Yes. Remitly can send money to Nigeria. Depending on where you live, you may send money to a local Nigerian bank account, to a cash pick-up location. and as a mobile credit top-up.

      Does MoneyGram send money to Nigeria?

      Yes. MoneyGram sends money to Nigeria. You may use the services of the company to carry out a cash transfer to send money to a Nigerian bank account. Nigerians may use Moneygram to send money overseas by visiting any of the company's agent locations.

      Does TransferWise work in Nigeria?

      Yes. You can send money to Nigeria through TransferWise. You may send it to individuals and businesses. There is a transaction limit of 4 million NGN per transfer. However, you cannot use TransferWise to make outbound transfers from Nigeria.

      Does Zelle work in Nigeria?

      No. Zelle does not work in Nigeria. Zelle only allows U.S. residents to create Zelle accounts currently.

      Can I use Zelle in Nigeria?

      No. You cannot use Zelle in Nigeria. Only U.S. residents with U.S. bank accounts can open Zelle accounts.

      How can I send money from UK to Nigeria?

      You can send money from the UK to Nigeria in different ways. Global Reach Group, WorldRemit, XE and TransferWise support sending money to Nigeria. WorldRemit supports sending money to Nigeria for cash pick-up, directly to a local bank account, and as a mobile airtime top-up.

      Can Cash App send money to Nigeria?

      No. Cash App can not send money to Nigeria. Cash App only supports international payments between the USA and the UK.

      Can I open Cash App in Nigeria?

      No. Cash App does not work in Nigeria. Cash App is only available for US and UK residents.

      How much money can I send to Nigeria?

      There are no currency restrictions for when you enter or exit Nigeria. However, the most you may transfer out of Nigeria is USD 2,000 or its equivalent in another currency. This limit is subject to periodic review by the Central Bank of Nigeria (CBN).

      Can OFX send money to Nigeria?

      OFX can not send money to Nigeria. Nigeria is not an OFX money transfer supported destination country.

      Can I send money through Ria to Nigeria?

      Yes, you can send money through Ria to Nigeria. You may send money to a Nigerian bank account. Ria does not offer a cash pick-up service in Nigeria as of now.

      Convert USD to NGN

      Check out the historical exchange rates for the last thirty days. Learn how much you can save by using a global money transfer company instead of the big banks.
      USD
      NGN
      Sending money online through specialist money transfer companies.

      Expect to receive between N37719 and N37947.6 when sending money from USD to NGN at today's exchange rate.

      Compare that to sending money overseas through retail banks. Expect to receive approximately N36195, not including additional banking fees. That is an average saving of N1638.3.
      Currency exchange rate in the last 30 days

      Need more information?

      Read useful guides on international remittance and more detailed reviews on the best money transfer services.

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