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If the recipient of the transfer wants to receive US dollars in his bank account in Nigeria, then Paysend is the provider giving you the most US dollars for your money with zero transfer fees and a good EUR-USD exchange rate (current rate: 1 EUR = 1.1183 USD).
You need the money in cash? No problem, we compare 2 money transfer providers able to send US dollars for cash pick-up in Nigeria: the cheapest option is currently Remitly, with zero transfer fees and a good EUR-USD conversion rate (their current rate is 1 EUR = 1.14 USD).
When taking the exchange rate and the fees into account, the total cost of your transfer to a cash pick-up location in Nigeria with Remitly is -1.16 EUR, but the total cost of your transfer would be 7.64 EUR if you chose to use Small World to make the same transfer to a cash pick-up location.
This recommendation was updated a few minutes ago.
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Before each international money transfer, you should come and compare the costs of the different options on Monito, as they may have changed. The cheapest option is at the top, of our results but you may want to consider other criteria such as the speed of transaction or the pay-in or pay-out methods.
Of course! Banks are usually not the best way to make international money transfers. The fees can be quite low (and sometimes even zero), but beware of the poor exchange rates which banks often apply. We list as many banks as possible in our results, so do compare to find out if you’d be better off switching to another bank or a specialized money transfer company.
Yes. We only list money transfer operators or banks that are fully authorized and monitored by the regulation authorities of the countries where they operate.
Monito is not a money transfer company. We’re here to help you find the best way to send money to Nigeria.
To calculate the total cost of your transfer, we compare the exchange rate every provider applies to your transactions with the latest mid-market exchange rate data that we source from XE.