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If your recipient wants to receive US dollars in a bank account in Nigeria, then Paysend is currently the cheapest provider with no transfer fees and a very competitive EUR-USD conversion rate (their current exchange rate is 1 EUR = 1.1147 USD).
If the beneficiary of your transfer wants to get US dollars in cash at an agent location in Nigeria, then the cheapest provider currently is Remitly, with no transfer fees and a very competitive EUR-USD conversion rate (their current rate is 1 EUR = 1.13 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 0.79 EUR, but you would pay a total cost of 10.05 EUR if you were to use Small World to make the same transfer.
This recommendation was updated a few minutes ago.
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The fees you pay for your transfer from Germany to Nigeria depend on the amount, type of transfer you choose to complete, its speed, and pick-up options. Finding secure, reliable, and affordable methods to send money to Nigeria can cost you a lot of time.
Don’t waste your time anymore - use Monito comparison tool and find the best option for your transfer from Germany to Nigeria in just as few clicks.
Banks offer convenient transfer solutions from Germany to Nigeria, but this convenience will cost you a lot of money. The fees can be quite low (sometimes even zero), but they often apply a markup on the EUR-NGN exchange rates and add a high hidden fee.
With Monito, you can find money transfer operator which offer cheaper transfers from Germany to Nigeria.
Yes, the transfer from Germany can be collected in Nigeria in various pick-up locations. Sending money to a pick up-location in Nigeria is an excellent option when ex. a beneficiary does not have a bank account.
With WorldRemit you can pick up the money from almost 3,000 cash-pick up locations in Nigeria, including:
Your bank in Germany might not offer you the best rate to send money to Nigeria. So if you want to maximize the money you send, you need to find better options.
With Monito, you can compare the transfer fees and exchange rates of international transfer companies that send money from Germany to Nigeria.
Here’s are just 5 easy steps to follow when you want to send money from Germany to Nigeria bank account at the best rate:
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.