The best money transfer to Nigeria 2022

Are you looking for the best money transfer to Nigeria?

Look no further as I’ve list of ways which you can send or receive money from UK, USA, Canada, Australia, Germany or any part of the world in 2021.

Best money transfer to Nigeria

I write this post based on the number of money transfer to Nigeria services that i’ve used, and not promoting any company or whatsoever like some others do.

Also, if you have used any money transfer services to send or receive money from Nigeria, please don’t hesitate to tell us about them and also how good their services is.

Days are gone when we do send money through post mail or the post office, technology have really helped us in making money transfer faster and safer.

Best money transfer to Nigeria

You can transfer or receive money to your Nigerian local account from abroad, through the means of money transfer.

Yes, money transfer is one of the best thing that happened to mankind, as you can send money directly from your house(in Nigeria) to another country without stepping outside or going to the bank.

You can also receive money from UK, USA, Canada, Italy, Australia etc directly to your account without having to go to the bank.

Best money transfer to Nigeria.

The Question is,

How is that possible?

And the answer is;

Yes it is pretty much possible thanks to the money transfer services we have in this modern era.

Best money transfer to Nigeria.

We gave some good, average and poor money transfer services or the best online money transfer to Nigeria, they include the;

  • MoneyGram
  • Western Union
  • Ria Money
  • Xoom
  • WorldRemit
  • Transfast
  • Transferwise

The above are the money transfer services that i’ve looked into, this includes their rates, time duration and their customer service.

The best Money transfer to Nigeria 2021

So i’m starting with MoneyGram, being one of the best and oldest means of money transfer.

Best money transfer to Nigeria.

1. MoneyGram

Best money transfer to Nigeria


Faster money transfer | Good customer service | online & offline mode | Easy mobile app | Available in 200+ countries | Expensive fee rate | Direct bank deposit 

One of oldest money transfer channel we have, a global provider of money transfer and payment services.

They provide a reliable financial connection for life essentials and daily needs.

They are available in more than two hundred countries which includes Nigeria, and also supports the Nigeria Naira.

There are some countries that MoneyGram can’t send or receive money, and it also includes some African countries like Zimbabwe, Tanzania, Kenya, Rwanda etc.

Best money transfer to Nigeria.

How To Send Money Using MoneyGram

You can send money from Nigeria to abroad through MoneyGram, but please note that not all banks are partnering with them.

The the likes oof access bank, Union bank, Eco bank, UBA and First bank allows one to send money from Nigerian to abroad.

Requirements Needed

  • User I.D
  • Recipient full name matching their I.D and location
  • The amount you wish to send, and the transfer fee

You can send money directly from the website or app(Online) or by going to the bank or any moneygram centers.

Best money transfer to Nigeria.

Sending Money Through Online

  •  First you will have to create an account with them.
  • Go to their website through this url
  • Select account deposit option and you will indicate whom you want to send the money to, and how much you want to send.
  • Next is you have to select a payment method. You can use your credit card, debit card,  or directly fromm your bank account.
  • Next is to verify your identity and this is where the iD is needed, if the ID didn’t match with your account information including your credit or debit card, your bank account, they will cancel it immediately.
  • If it goes accordingly, you can finalise the process by clicking on submit button.

Best money transfer to Nigeria.

Sending Money Through Offline(directly to bank account)

  • Look for a moneygram centre around you
  • You are required to bring your iD, recipient full name matching their ID, bank name and account number. The recipient location(address) and the amount you wish to send.
  • You’ll be given a form to fill, in the form is; senderss first and last name, a valid means of identification, sender’s home address, amount to be sent, receivers address, source of funds, purpose of transfer, receivers name as it appears on the ID.
  • Next is to save the receipt number and also give the recipient the 8 digit reference number.

Best money transfer to Nigeria.

How To Receive Money Through MoneyGram

There are two ways or methods that one can receive money through moneygram, and they are;

  • Through bank account
  • In Person

To receive funds or money through your bank account is mostly common in Nigeria.

This only requires you as a recipient to send your bank account details which also includes your credit or debit card to the sender.

And you will receive the money on the stipulated time.

When the sender wants to send the money, he/she will indicate on how the recipient will receive the cash, if it is bank deposit then the money will be deposited right into your account and without you going to the bank or center for cash pick up.

To receive money in person, you will have to look for a moneygram center, complete a simple receive form by entering the reference number given to you by the sender.

This is compulsory as the is what you will use to claim the money.

You will also need to go with your ID for identification, the reference number will be keyed in a security pin pad.

The receivers first and last name will be asked, plus the expected amount.

They will also ask of sender’s address, first and last name and the last which is purpose of the transaction.

Finally you will receive your money by handing the completed form and photo ID to the moneygram agent.

But you can save the recipient the stress with an instant deposit. 

Yes this is possible as i’ve recieved cash straight into my zenith account through moneygram without going to their center to collect the money.

But the instant cash deposit isn’t supported by all banks, i’m only sure of zenith and first bank

Best money transfer to Nigeria.

MoneyGram have a good customer service which is always available to help in terms of any issues or inquiry. You can contact the on the following ways;

  • Call: 1-800-955-7777
  • Email:

Having used moneygram to receive money from abroad(US and Canada) i will say that their services is good.

The only issue that got me pisssed off is that i received the directly into my Naira savings account, and their exchange rate is way too poor even compared to the bank rate.

MoneyGram Rate 

US $1 = N400

CAD $1 =N283

Official Bank Rate 

US $1 = 395

CAD $1 = 280

If you want to enjoy the best money transfer to Nigeria, create a savings domiciliary account, have the money transferred to it, collect you foreign currency and head to aboki to change it.

Best money transfer to Nigeria.

Do i recommend moneygram to people?

My answer is YES!!! 

Because they are faster in money transfer and well secured in as much they are bit expensive for me.

Visit moneygram here

2. Western Union Transfer


Very reliable & trusted  | Faster money transfer | Good customer service | 200+ Countries | Cheap transfer fee | Fair exchange rate | Bank deposit 

Best money transfer to Nigeria.

Western union is the most popular and common means that Nigerians receive money from UK, USA, Canada, Australia etc to their bank account.

If you’re looking for the best money transfer to Nigeria, western union should be on the top list.

How Send Money Through Western Union

Like it’s counterparts moneygram, there are two ways which one can perform money transfer in Nigeria, and they are as follows;

Through Western Union Online Transfer:

This method makes it convenient for people to send money to their loved ones, family, friends or business associates.

You can send money right from your house or office to someone in the UK or US.

24/7 available makes it the option for money transfer in 2020.

To send money through this method;

  • First you need to register and login to your account.
  • Click on the send money option, select the country of the recipient, the amount you want to send, and the delivery method.
  • Choose how you like to make payment, you can select credit or debit card, or bank account or cash at their agents centers.
  • Next is to enter the recipient location and address. Note that the address and name must match with the information on the recipient ID.
  • Then you will have to make payment. Since it is online, pay with your credit or debit card.
  • After the payment, you will get a reference or tracking number (MTCN). Send that number to the recipient also cause is what the recipient will use in claiming the cash transferred to him or her.

Best money transfer to Nigeria.

Through Western Union Offline Money Transfer

Another best money transfer to Nigeria in 2020 is the offline western union fund transfer.

This only requires you to walk into any western union center or partners, it can be a bank or a non bank institution.

But i recommend going to the bank.

  • When you walk into the bank,  speak with the customer service representative and request that you want to send money using western union.
  • You will be issued a form to fill and the form is about your personal details, and also the recipient personal details. Please you’ve to be very careful when filling the form, let all details be correct.
  • Next is to select the way to receive the money, it can be cash pick up, money in minutes or bank account.
  • Make payment with the form submitted to the bank or an agent.
  • After successful payment, you will receive the MTCN number.
  • Save the number and also send it to the recipient for cash collection and tracking.

Best money transfer to Nigeria.

Receiving Money To Nigeria Through Western Union

This is an easy process, all you as a recipient have to do is to give the sender your details like it is on your ID.

The sender will notify you of the payment, and will give you the MTCN number.

With the number, walk into any bank that supports or acts as a center or an agent to western union,  collect the form for it, fill the form with the correct details.

You will also be issued with an anti money laundering form as well.

Complete the two forms and don’t forget to type in the MTCN number in the required field.

The last step is to key in the last four digits of the MTCN number on a device given to you by the bank.

After everything is successful, you will receive the payment into your account or get the cash handed over to you.

Western union exchange rate is no different with the moneygram rate, though slightly better.

That’s why it is advisable to open a domiciliary account.

Their customer service is a top notch, they reply to your queries within 2-5 minutes by email address.

  • Phone Number – 1-800-325-6000
  • Email Address

Western union is one of the trusted, reliable and best money transfer to Nigeria, and i always recommend it to people as i haven’t fault them since four years i’ve been using it.

Visit western union here

3. RIA Money Transfer 


Faster Money transfer | Cheap transfer fee | Very reliable | Good customer service | Available in 144 countries | Poor exchange rate

Best money transfer to Nigeria.

I will say that ria comes third when looking for the best online money transfer to Nigeria 2020, though i must commend their service as it is good.

RIA Money is the third largest money transfer service in the world. This company is working in 144 countries with 314,000 locations.

RIA Money Transfer provides not only easy-to-use money transfers, but also bill payments, mobile recharge, debit card services, money orders and tracking.

How to send money using Ria money transfer 

Just like the western union and moneygram, ria money transfer is of two methods.

  • The online money transfer
  • The offline money transfer

The online method requires you go to the website, register and confirm your account.

Afterward click on the send money link, enters how much you want to send followed by the recipient details.

Confirm all the details you typed in and click on the submit button.

Send the recipient the pin number given to you for cash collection.

Best money transfer to Nigeria.

How to receive Funds through Ria Money 

There are some banks that works with ria money, i’m sure with the likes of first bank and access bank.

I’ve  received money from ria through first bank and it was easy.

The recipient can collect funds at any FirstBank outlets by providing the following:

  1. PIN
  2. Expected Amount
  3. Acceptable means of identification (see Required Documents)
  4. Sender’s name and address
  5. Receiver’s name, address, and phone number.

Even though Ria Money customer service is okay, please don’t ever try to receive fund from them directly to your naira savings account.

Their exchange rate is very poor and i was completely pissed off.

Without Using Ria Money 

US $1 = 390

GBP £1 = 482

Using Ria Money 

US $1 = 383

GBP £1 = 460

The above rate have shown you the amount you will loose if you recieve funds directly to your naira account.

Visit ria here

Best money transfer to Nigeria.

XOOM Money Transfer 


Trusted & Reliable | Good exchange rates | Good customer service | Easy money transfer | Cheap transfer fee | Good Mobile app | Direct bank deposit 

One of my best money transfer to Nigeria, especially with it’s good exchange rate.

I’ve used Xoom to recieve money countless times to my local bank as their rate bettered western union, moneygram and ria money.

How to transfer money to Nigeria through Xoom

To send money to Nigeria through Xoom money transfer, follow the below procedure;

  • Sign up on or download the Xoom app and have access at all times from your mobile phone.
  • Select how much you want to send, choose where you want your recipient to receive it, and choose how you want to pay.
  • Your recipient receives the amount you sent. They will receive the money how you selected, either directly to a bank account or in cash available for pick up.
  • You will be given Xoom transaction number for cash collection by the recipient.

Best money transfer to Nigeria.

How to recieve money in Nigeria using Xoom

The likes of First Bank, Ecobank, Skye Bank, accepts instant cash pickup.

The recipient will needs a valid ID and the Xoom transaction number sent to you.

This is why the details you gave should be the same with the details on the recipient ID

But you can save the recipient that stress with instant bank deposit. 

Not all banks accepts this but i’m sure of Zenith bank, Gtbank and First bank accepts the instant bank deposit.

For cash pick up and bank deposit, Xoom transfer fee is from $0 – $4.99 but this depend on the currency and amount that you are sending.

This is quite cheap as moneygram charges as high as $11 though that worth every penny.

Normal Exchange Rate 

GBP £1 = N472 

US $1 = N390

Xoom Transfer Rate

GBP £1 = N460

US $1 = N380

The exchange rate is quite okay and better than the three above but still i recommend that you have a domiciliary account, as not to loose your one naira to the bank.

Visit Xoom here

Best money transfer to Nigeria.

5. Worldremit Money Transfer 


Trusted | Reliable | Average customer service | Very cheap transfer fee | Good mobile app | Good exchange rate | Bank deposit | Pickup delivery 

Please the truth here is i haven’t used worldremit to send or recieve money from abroad to Nigeria, this is only based on the review some that used their channel for money transfer to Nigeria, gave to me.

From their review and to what i’ve seen, worldremit is a nice Chanel for money transfer to Nigeria.

They are trusted and reliable and not only that, banks are now partnering with them.

The likes of Access bank, first bank, zenith bank, gtbank, Polaris bank and UBA partners with worldremit for money transfer.

Just like Xoom, worldremit accepts direct deposit to bank account, but the recipient must have an account with the listed banks above.

Best money transfer to Nigeria.

According to them, these are the requirement need to send money using their channel.

  • Full name. Please enter your recipient’s full name. To avoid any delays, the recipient’s name should match the name on their bank statement exactly.
  • Address. We need your recipient’s city.
  • Account details. We need your recipient’s (1) bank name, (2) account number. Account numbers are 10-digits long.
  • Bank Verification Number (BVN). All recipients are required to have a BVN on file at the bank in order to receive international transfers. Please ensure that this step has been completed before sending, to ensure there are no delays with your transaction.
  • Mobile number. We use this to send an SMS notification to your recipient informing them that their funds have been credited.
  • Email (optional). We use this to send an email to your recipient with details of the transaction. This is particularly useful in case they have issues receiving the SMS notifications.
  • Sending reason: Please indicative whether you are sending to (1) family or friend support, (2) purchases of services, (3) property payment or (4) sending to self.

How to send money to Nigeria Using WorldRemit

Best money transfer to Nigeria.

There are two available option to send money through worldremit,

  • Bank Transfer 
  • Cash Pickup 

Using the bank transfer option is way better as the recipient will recieve the money into his or her account without going to the bank.

But must have a bank account with First Bank, Zenith bank, Gtbank, Polaris bank, Access bank and UBA

While the cash pickup option requires the recipient to go to FCMB, Zenith and Fidelity Bank.

Worldremit Bank Transfer 

To transfer money to Nigeria using this option, all you have to do is to create an account with them, login and use the send money link.

  • Select country you want to send to
  • Select how you want to send
  • Enter the amount you want to send – our low fees and exchange rate will be clearly shown
  • Enter your recipient’s details – choose from a list of people you’ve already sent to, or add a new person by entering their bank details and full name, phone number, address, and email (optional)
  • Pay. Choose how you want to pay – bank account, debit/credit card, SOFORT, INTERAC, POLI or iDEAL (web) – then confirm the amount.

Your recipient will be alerted by SMS and email when the money is available.

The Bank transfer attracts a fee of £0.99 per money transferred, but as a first timer you will get free money transfer for the first three transfers you made using worldremit.

Worldremit Exchange rate for the bank transfer is 

£1 = N463

Official Bank and black market rate 

£1 = N445 – N476

Worldremit Cash Pickup 

To use the cash pickup option, you will select the option when sending money to Nigeria. But first you will have to;

  • Create an account if you don’t have one (you will be asked for your address, email, phone number)
  • Select country you want to send to
  • Select how you want to send
  • Enter the amount you want to send – our low fees and exchange rate will be clearly shown
  • Enter your recipient’s details  – choose from a list of people you’ve already sent to, or add a new person by entering their details: full name (exactly as it appears on their ID), phone number, address and email (optional)
  • Pay. Choose how you want to pay – bank account, debit/credit card, SOFORT, INTERAC, POLI or iDEAL (web) – then confirm the amount.

Best money transfer to Nigeria.

What recipients need to show when collecting funds

  • Identification. This must be a government issued ID, such as a passport or driving licence.
  • Transaction reference number. When collecting funds your recipient should give their name and this number, which they will have received by SMS (and in some cases email as well).

The cash pickup exchanges for £1 – N440.97 with a transfer fee of £1.99.

Visit worldremit here

5. Transfast Money Transfer 


Fast money transfer | Reliable | Cheap transfer fee | Bank deposit | Cash pickup | Good exchange rate | Good customer service 

Another best money transfer to Nigeria in 2019 for you guys is the Transfast. Recently, people are using them to send money to their family as it is faster and cheaper.

Just like others, it has the bank deposit and cash pickup option.

Transfast Bank deposit 

Best money transfer to Nigeria.

For a recipient to recieve money from Transfast to his or her bank account, he/she must have an account with these banks listed below.

  1. Access Bank
  2. Ecobank
  3. Fidelity Bank
  4. First Bank Nigeria
  5. First City Monument Bank (FCMB)
  6. Guaranty Trust Bank
  7. Heritage Bank
  8. Keystone Bank
  9. Polaris Bank
  10. Stanbic Ibtc Bank
  11. Sterling Bank
  12. Union Bank
  13. Unity Bank
  14. United Bank For Africa (UBA)
  15. Wema Bank
  16. Zenith Bank

When sending money to Nigeria, you can select the value+ pack which has a duration of 3-5 working days, with free transfer rate.

If you’re a new user, you will get an exchange rate as high as $1 per N355 which is almost close to the bank and black market rate which are $1 – N359 and $1 – N350. But old users will exchange for $1 per N350 on this package.

Another pack is the fastrack which send money within 24hrs, but with a cheap transfer fee of $4.99.

The exchange rate is the same, though old users will exchange for $1 per N340.

To transfer money to Nigeria, select the country and amount, enter the recipient details and how you want the recipient to recieve the money and finally enter your bank, debit or credit card payment info. Review and send your transaction.

Visit Transfast here

Best money transfer to Nigeria.

6. Transferwise Money Transfer 


Good exchange rate | Fast transfer | Online transfer | Cheap transfer fee | Direct bank deposit | Good customer service 

New on the list of best money transfer to Nigeria in 2021 is the transferwise.

Many may seemed not to know about them, but i have once received money from them to my local account.

Their services is top notch and this includes their customer service representative who is always ready to help.

Transferwise is an online platform which people can send money to their love ones, family, friends or business associates directly to their bank account.

As it is an online money transfer channel, before you can use their platform to transfer money, you will first create and confirm your account.

Best money transfer to Nigeria.

How to transfer money using Transferwise

To transfer money using transferwise is as easy as ABC, and you will also save the recipient the stress of going to the bank or any center for cash pick up.

  • Create an account and login
  • Select how much you want to transfer
  • You will see the exchange rate per Naira
  • Select the currency based on the currency you want to transfer
  • You will indicate who you are sending the money to and will also give details about yourself too
  • Next is to type in the recipient details and bank account details
  • And finally make payment using your credit or debit card. Bank transfer is also acceptable in Transferwise
  • The recipient will get the money to the specified bank account.

Transferwise doesn’t take long in transferring the money to the recipient bank, a duration of 2-3 it usually take.

One good feat i like about them is the good exchange rate and customer service.

If the recipient don’t have a domiciliary account, then the person can receive the money directly to it’s savings account.

Best money transfer to Nigeria.

The exchange rate is almost equal to what bank gives and also the black market rate.

Official Exchange Rate 

$1 Per N380 – N395

£1 Per N460 – N480

Transferwise Rate

$1 Per N383

£1 Per N466

When you look at the two exchange rates, you will see that there isn’t that much difference especially in 2021 that all banks in Nigeria increased their exchange rate.

Transferwise charges as low as £5.77 when you transfer from your bank account, £8.70 when you send money through your credit or debit card,and this option can send money under 15-30 minutes.

Then £5.70 if you are living outside the UK.

But generally, their transfer fee fluctuates and it takes 1hr – 4hrs for the the recipient to receive the money to his/her account.

This is undoubtedly the fastest money transfer i’ve seen, it bettered the likes of western union, moneygram, worldwremit.

Visit Transferwise here

Best money transfer to Nigeria.

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Guys this is where i will stop it, but i promise you that i will continue to update this post with new and best money transfer to Nigeria, your question and inquiry is welcomed and don’t forget to share this post thanks.

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