Are you looking for the Best ways to send money to Nigeria from the US? The fastest and cheapest way to transfer money online is given here on our list, choose what is best for you.
However, researching the best money transfer companies and contrasting their foreign exchange rate is time-consuming, and that is the burden we’ve taken off from you before coming up with this list.Â
This article will show you which of the foreign transfer service provider has transparent fees, mobile apps, and the best delivery options to make your international money transfers easier.
Best Ways to Send Money to Nigeria from the US (Latest Update)
There are many ways to send money to Nigeria from the US. The listed below are the fastest and most reliable ways in which you can make your international transfers;
- Remitly: Sending money to family and friends
- Western Union: Paying in Person
- WorldRemit: Sending cash to be picked up
- Xoom (powered by PayPal)
- Wise (Previously known as TransferWise): Best Exchange Rates
1. Remitly
On our list here, Remitly is the cheapest and it is easy to transfer money on the Remitly website or mobile app. Also, you can send as low an amount as you want, there are no limits on the amount you send.
With the Remitly Express option, your money can be sent in a minute, and credit and debit cards are acceptable.
Why Should I Choose Remitly?
- The recipient has a few options for how to get their money: bank deposit, cash pickup, mobile money, or home delivery.
- If your money is late, you will receive a money-back guarantee.
- Requests for same-day cancellations are possible.
- The registration is simple and quick money transfers on mobile devices or laptops
- The “Express” option is faster but card payment is required, and there are greater fees compared to the “Economy” option when you pay by bank transfer.
- There is a status update for you and your recipient, and you can send money within minutes from your phone
- You can send US dollars for as little as $3.49
- Remitly carries delivery promises on every transfer and they deliver your transfer on time or your money back.
What is the cost of sending money to Nigeria using REMITLY?
The Remitly exchange rate received varies depending on the country you are sending to and the amount being transferred.
Below are some exchange rates of Remitly from the US to Nigeria.
| Send Amount (USD) | Express Fee | Economy Fee |
| $0 – $199.99 | $3.49 | $2.49 |
| $200 – $599.99 | $3.49 | $2.99 |
| $600 – $999.99 | $4.99 | $3.99 |
| $1000 – $1499.99 | $11.99 | $7.99 |
| $1500 – $1999.99 | $13.99 | $9.99 |
| $2000 – $2999.99 | $18.99 | $12.99 |
| $3000 – $4999.99 | $28.99 | $17.99 |
| $5000 – $6999.99 | $38.99 | $22.99 |
| $7000 – $8999.99 | $48.99 | $27.99 |
| $9000 or more | $58.99 | $32.99 |
How to Get Started With Remitly
- Visit the Remitly official website: https://www.remitly.com/us/en/nigeria
- Create an account (If you never had one) if not, just log into your account
- Choose your delivery provider
- Provide your recipient name, address, and bank details
- Input your payment information
- A text updates or email will be sent to you and your recipient tracking your transfers
Contact Remitly for help with the following number: US-1-888-736-4859
Note:
You can make the transfer online to the following bank in Nigeria: Firstbank, Access bank, Polaris bank, DTbank, Fidelity bank, Ecobank, FCMB, Union bank, and UBA.
2. Western Union: Paying in Person
One of the oldest and biggest money transfer companies in the world is Western Union. Additionally, there are a variety of ways to send money to Nigeria. You can send money through their website, app, or physical facilities all throughout the country. They provide a cash collection service in addition to money transfers into bank accounts.
What are the Charges for Sending Money to Nigeria?
Without using their web calculator, it can be challenging to determine the cost because there are so many payment choices accessible.
Your expenses and the exchange rate you receive will fluctuate based on:
how much you’re sending
There are different costs depending on how you make the transfer: through an app, online, or in person.
The cost of using a credit card, debit card, bank transfer, or in-person payment to pay for Western Union varies.
If the recipient in Nigeria is receiving money in cash or in a bank account.
Is Western Union Transfer Safe?
There are so many factors that made Western Union transfer reliable, and some of these reasons are stated below;
- With Western Union, you may send money in minutes to more than 200 countries and territories for payout in 130 different currencies. You own the entire globe.Â
- The status of your transfer, whether you sent money or paid a bill, is merely a few clicks away.
- When using Western Union’s money transfer services, you are always aware of the exchange rates and costs upfront.Â
- Transfers between bank accounts are frequently more affordable than transferring money for cash pickup, in addition to being one of the finest ways to send money worldwide.
- Western Union transfer is so reliable in the sense that, they have been operating for over 145 years moving money without any problem.
- Utilize your tracking number to monitor your transfer (MTCN). You’ll be informed quickly as to whether the funds are currently available for pickup or are only on their way.
The procedures are given below;
- Log in to the Western Union Official website –https://www.westernunion.com/ng/en/home.html or the mobile app
- Register and verify your profile if it’s online you are using
- Choose the amount and the destination you are transferring to
- Provide your recipient’s details
- Pay for your online money transfer securely
- Confirmand sed
- Track your transfer
3. WorldRemit: Sending cash to be picked up
Remittances and smaller transfers are WorldRemit’s areas of expertise. They are ideal for sending up to $5,000 in private transfers from the US to Nigeria. They typically have more affordable prices than your neighborhood bank and more flexible delivery options than businesses like PayPal, Western Union, or MoneyGram.
Ways of Sending Money from the US to Nigeria Using WorldRemit
It depends on the recipient’s intention to do with the funds, and how soon they need the money. You can use any of the following services for your transfers.Â
Using Cash Pickup service: To send money from the USA to Nigeria. Your recipient can pick up the funds in cash from any of the more than 5,000 Access Bank, FCMB, Fidelity Bank, First Bank, Polaris Bank, and Zenith Bank offices located all over Nigeria. Within minutes of the transfer being finished, the money will be available for collection.
Bank Transfer:Â
Transfer money instantaneously from the US to a Nigerian bank account with US residency through a bank transfer. More than 90% of the bank transfers WorldRemit sends to Nigeria arrive in under one hour.
Airtime Top-Up:
WorldRemit allows you to send more than just money from the US to Nigeria. In order to always stay in touch with your friends and family, you can use the WorldRemit airtime top-up service to add credit to prepaid Nigerian mobile phone lines.
Why WordRemit is Recommended
- They offer services like cash pick-up, mobile money banks deposits, and airtime top-ups in some countries
- They have a transparent cost and accurate calculator tool
- The easy and flexible online platform and phone app
- 24/7 customer support services
Steps to Get Started:
- Go to the world remit official portal and either create a new account if you haven’t done that before by clicking on the signup/create account tab displayed on the screen, OR login to your online account, if you have already signup into world remit.
- Click on How Much and how you want to make the transfer (cash pickup, bank deposit, Mobile or Airtime top-up)
- Enter where you want to send the money to
- Provide the details of your recipients
- Using your credit or debit card, make a local US payment to WorldRemit
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4. Xoom (powered by PayPal)
Xoom is one of the oldest convenient and secure online ways to transfer money from the US to Nigeria but it is costly compared to other means listed in this article. Making a transfer by the bank is free but otherwise is not, their exchange rate and charges depend on the amount you are transferring.
It takes 1-2 banking days for the transaction to be done and they are safe and reliable.
Some of their features are.
- They are a safe, trustworthy, and fully licensed authorized company
- Regularly update transfer status or phone reload through email or text messages.
-  Pays recipient’s bill or phone reloads through the app
Xoom Money Transfer Procedures
- Visit the Xoom official websiteÂ
- Either create a new account if you haven’t done that before by clicking on the signup/create account tab displayed on the screen OR login to your online account, if you have already signup to Xoom.
- Fill in the amount of money you want to send and select the funds beneficiary location
- Input your recipient’s details
- Provide the way you would like to pay
- Your recipient will receive the money in a bank account or any pick-up location
Contacts: (877) 815-1531 (Toll-free) or +1 (415) 395-4225 from Nigeria
Wise (Previously known as TransferWise): Best Exchange Rates
Wise is one of the simplest methods to transfer money if you like to do so online. Using their app, creating an account, and sending money are both quite easy. They also offer the finest exchange rates because they don’t tack on any hidden markups and provide the same market rate as XE or Google.
Their transfer fee is 1.33 USD plus 0.61% of the amount you are transferring, Wise gives the best exchange rate. Additional fees may include Bank debit (ACH), bank wire transfer, and credit and debit cards which are quite the cheapest among others.
The money transferred will get to your recipient’s Nigerian Naira Wise’s local account on the same day of the transfers.
Features of Wise are as follows.
- Very quick online set-up
- Offers the best exchange rates online and their transfer fees are transparent
- Has very fast transfer to a bank account
- It is a simple cell phone app
How to Make a Transfer With Wise
- Visit the Wise official websiteÂ
- Either create a new account if you haven’t done that before by clicking on the signup/create account tab displayed on the screen OR login to your online account if you have already signup to Xoom.
- Fill in the amount of money you want to send and select the funds beneficiary location
- Input your recipient’s details
- Using a bank transfer, SWIFT, debit, or credit card, make a local US payment to Wise.
Conclusion
The above-mentioned ways to send money to Nigeria from the US are safe and reliable, choose the one best for you and commence with your transaction. Additionally, there are some cases you may be asked to provide your recipient’s BVN number during the transaction but be sure of the platform before you provide anyone’s BVN to avoid being scammed.
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