Find the Best Rated Providers to Send Money to Nigeria
Our real-time comparison engine finds the cheapest providers for your transfer to Nigeria. You save on fees and exchange rates, and more money arrives.
How to send money to Nigeria
Learn how to transfer money to Nigeria with the best rate in a few easy steps
1. See if the Nigerian naira conversion rate is interesting
Converting your money on a day where the exchange rate is favorable is a good way to optimize your transfer. We recommend our users to set-up exchange rate email alerts to check the evolution of the mid-market.
2.Compare 13 money transfer providers available to send money to Nigeria in order to find the best one.
Monito's comparison engine lists quite a few providers to make money transfers to Nigeria, such as TransferWise, Western Union, MoneyGram, Xendpay, WorldRemit. Picking the best company from the more than 13 available options is the best way to save on fees and exchange rate.
3.Select the best option for your specific needs
What is the most important for you? The total cost, speed of the transaction, customer ratings? Examine the different criteria before making your choice.
4. Sign up and start your transfer to Nigeria with the service of your choice
Now, simply register on the money transfer provider's website - be prepared to provide an ID document and/or a proof of adress - and get started with your transaction.
I Want to Transfer Money to Nigeria, but Which Provider Should I Use?
There are plenty of options for sending money back to Nigeria. Here on Monito we cover all the popular specialist money transfer providers and banks for converting your money into nairas and sending it home. You can send money online and pay in a variety of ways including credit card.
We know there are lots of ways to transfer currency to Nigeria, which is why we compare all of the most popular options side-by-side so you can make an informed choice. The best online money transfer provider for you will depend on several areas like the exchange rate they offer, how much you are sending, where you are sending from, the currency you are exchanging into nairas and some other factors.
We take all of those details into account when recommending the best way to send money to Nigeria. We’ll help you find the fastest and cheapest ways to send money home. For example, we can tell you the best providers for sending money to Nigeria from the US, the UK, Italy and other countries.
For most money transfer providers, you can either sign up through their websites or download their apps which will give you fast and easy access from any smart device. We provide a useful “Smart Alerts” service that tells you how currency exchange rates are changing so you can choose the best time to send nairas back to Nigeria. Learn more and sign up here.
How to Send Money to Nigeria
Thousands of people like you send money back to Nigeria every week. With over 15 million Nigerians living outside Nigeria, everyone needs an easy and inexpensive way to send nairas back home to benefit family, friends and others.
Banks in neither your adopted country nor Nigeria have the best fees or exchange rates for converting money into nairas. That’s why it’s vital to compare all of your options for sending money back to Nigeria so your nairas can go further. Whether you want to make a one-off currency transfer or you need to send money online regularly, we can help you find the best options.
People from Nigeria send around $20 billion back home each year, that’s an average of $1,300 each. Our research shows that most people overspend by up to five percent on their transfers, so using a lower-cost provider could save Nigerians up to $1 billion collectively or up to $65 individually, every year.
You won’t get the best exchange rates from your bank or PayPal, and we want to stop you from overpaying. We make it easy to compare the best-value options for money transfer or you can select one of the recommended currency providers on this page. You can easily send money online and pay by wire transfer, bank deposit, credit card, cash or in some other way.
Where are your sending money to Nigeria from?
Save over 23,000 nairas a year when sending money to family, friends or businesses in Nigeria.
The Cheapest and Best Ways to Send Nairas to Nigeria
There are several good options for online currency exchange, depending on how the person you’re sending money to wants to get access to their nairas.
Sending Less Than $300 in Nairas to a Bank Account in Nigeria
If you want to send money to a bank account in Nigeria, we recommend using a specialist currency provider. If you’re transferring under $300 or equivalent, your best options include WorldRemit, TransferWise, Xoom or MoneyGram. You can find links to them elsewhere on this page.
Sending More Than $300 in Nairas to a Bank Account in Nigeria
If you’re sending more than $300, we recommend WorldRemit, TransferWise, Xoom or MoneyGram. You can find links to them elsewhere on this page.
Banks that You Can Transfer Nairas to in Nigeria
You can normally arrange to send nairas to any of the following banks: Access Bank, Diamond Bank, Ecobank, Keystone Bank, Union Bank and many more.
Cash Pick-Up Locations in Nigeria
Some of these banks are also popular locations for picking up nairas that you have transferred. If the beneficiary wants to collect nairas as cash in Nigeria without going through a bank, then providers like Xoom or MoneyGram are good options. You can find links to them elsewhere on this page.
Xoom has hundreds of local bank, cash agent and partner locations where you can pickup cash in Nigeria.
If you have any questions about sending nairas to Nigeria, we’re happy to help, get in touch with us now.