The Best 7 Apps to Send Money to a Nigerian Bank Account in 2024

If you are using traditional bank wires to send money to Nigeria, you have probably found them to be expensive and slow. Remittances are also complicated because the Central Bank of Nigeria (CBN) allows international money transfers in both US dollars ($) or naira (NGN) into Nigeria.

Luckily for you, the international money transfer services that we list in this article are great solutions because they operate entirely online and the can send either US dollars or naira to Nigeria. For international transfers to Nigeria, WorldRemit, TransferGo, and Remitly have consistently ranked as the best choices on Monito's comparison engine for the past 12 months.

In this article, we cover how these services and three other top providers offer low fees, competitive exchange rates, and fast transfer times, allowing you to send money to Nigeria with ease and confidence.

1 — WorldRemit

WorldRemit's international money transfer service provides extensive coverage, boasting a vast network of cash pickup locations. With a variety of options available for sending and receiving money, such as bank transfers, cash pickups, mobile money, and airtime top-ups, WorldRemit offers flexibility and convenience.

According to Monito's data in the past 12 months, WorldRemit was the #1 best overall app to send money to Nigeria. It was the cheapest app for 49.85% of all searches done for transfers to Nigeria with Monito's comparison engine in 2024. We recommend their service for cheap cash pick ups and transfers to M-Pesa.

More info: read our in-depth WorldRemit review.

WorldRemit ranks number one to send money to Nigeria from the USA and from South Africa. It is competitive for transfers from:

• the USA (or US dollar transfers);
• South Africa;
• the UK;
• Germany;
• Canada.

2 — TransferGo

TransferGo is known for consistently offering cheap exchange rates on international money transfers, especially to and from European countries. Additionally, the platform offers a wide range of pay-in and pay-out options, making it easy to use.

According to Monito's data in the past 12 months, TransferGo was the 2nd best overall app to send money to Nigeria, being the cheapest app for 17.22% of all searches done on our comparison engine for transfers to Nigeria.

More info: read our in-depth TransferGo review.

TransferGo is ideal for transfers sent from Europe:

• the UK;
• Germany;
• Poland;
• Italy;
• Sweden.

3 — Remitly

Remitly is a consistent leader in the industry, offering some of the lowest exchange rates for international money transfers worldwide. With an excellent Monito score, Remitly is one of the most reliable and trusted options for customers seeking a secure, fast, and satisfying money transfer experience.

Based on Monito's data from the past 12 months, Remitly was the third-best overall app for sending money to Nigerian banks, as it was the cheapest option for 14.33% of all searches for transfers to Nigeria with our comparison engine.

More info: read our in-depth Remitly review.

Remitly ranks well for transfers sent from:

• the US;
• Germany;
• the UAE.

4 — Skrill

Skrill has an extensive network of cash pickup locations, making it a good option for users who want to send cash to Nigeria. It also has a solid smartphone app that provides you with a mobile wallet.

According to Monito's data in the past 12 months, Skrill was the 4th best overall app to send money to the country. However, it was only the cheapest app for 6.81% of all searches done for transfers to Nigeria, which is why we recommend using our comparison engine before choosing their services. Despite this, it is still a good choice to consider if your recipient prefers to receive cash pickups.

More info: read our in-depth Skrill review.

Skrill is an ideal choice for those sending transfers from:

• Kuwait;
• Tunisia;
• Morocco;
• Thailand.

5 — Instarem

Instarem was a competitive choice for sending money to Nigeria in the past, but has been overtaken by other providers recently. Instarem offers speedy transfers, with funds reaching the recipient within a day.

According to Monito's data from the past 12 months, Instarem was the most cost-effective option for only 6.33% of all searches conducted using Monito's comparison engine.

More info: read our in-depth Instarem review.

Instarem is an ideal choice for those sending transfers from:

• the USA;
• the UK;
• Canada.

6 — Paysend

Paysend is a dependable option for instant money transfers if you are in a hurry. They offer immediate transfers because they support transfers to debit and credit cards (just keep in mind that card transfers typically cost more than bank transfers).

According to Monito's data in the past 12 months, Paysend was the 6th best app overall to send money to Nigeria, with the cheapest rate for only 3.76% of searches done for transfers to Nigeria. In general, we recommend running a search on our comparison engine before choosing Paysend.

More info: read our in-depth Paysend review.

Paysend can be a viable option for transfers from:

• Brazil;
• Colombia.

7 — Sendwave

We know that Sendwave is one of the most popular and well known internationally money transfer services in Nigeria. However, it is rarely the cheapest option. If you want to send money to M-pesa, consider WorldRemit or run a search on our comparison engine.

According to Monito's data in the past 12 months, Sendwave was the 7th best app overall to send money to Nigeria. It offered the cheapest rate for only 1.25% of searches done for transfers to Nigeria.

Sendwave may offer good rates from:

• the US.

Money Transfer Services in Nigeria: Our Top App Picks for 2024

Unlike banks, the money transfer apps we covered in this guide charge low fixed fees and competitive exchange rate margins, ensuring that you get more value for your money. Additionally, we've reviewed these providers for transparency, service quality, fees, and customer satisfaction, so you can be confident in your choice.

Converting currency into US dollars and sending it to Nigeria bank accounts has never been easier thanks to these top-ranked money transfer apps:

1. WorldRemit;
2. TransferGo;
3. Remitly;
4. Skrill;
5. Instarem;
6. Paysend;
7. Sendwave.

If you are a Nigerian business that also operates abroad, it may be worth looking into B2B solution Kyshi. Their fees and exchange rates are only available for customers, so we recommend comparing their fees before sending money with them.

Kyshi is a UK-incorporated Company with extensive experience working with businesses across Africa to exchange currencies, collect payments internationally, manage payroll abroad, and more. Kyshi has offices in the US, Kenya, the UK, Canada, Kenya, South Africa, Ghana, Germany, and Cote d'Ivoire — making them quite specialized across major financial centers in North America, Europe, and Africa.

Best App to Nigeria By Country

Below are the best apps to use in 2024 to send money to Nigeria, based on the country or currency that is sending the transfer. We've gathered data from February 2023 to February 2024 to give you the most accurate results we can:

• From the United States: WorldRemit
• From the United Kingdom: TransferGo
• From the Eurozone: TransferGo
• From South Africa: WorldRemit
• From Canada: WorldRemit
• From Australia: WorldRemit
• From Ireland: TransferGo
• From Sweden: TransferGo
• From Poland: TransferGo