Comparisons · 4 min read · SaveRateAfrica
What's the Cheapest Way to Send Money to Nigeria?
The cheapest way to send money to Nigeria is to skip your bank and use a digital transfer platform.
FROM THE USA 🇺🇸
Sendwave - Zero fees, fast everyday transfers
LemFi - Zero fees, naira or domiciliary accounts
Wise - Low fees, mid-market rate, best for large amounts
Remitly - Low fees plus new user promos
Afriex - Zero fees, competitive NGN rate
FROM THE UK 🇬🇧
LemFi - Zero fees, built for African diaspora
Wise - Low fees, best for large or regular transfers
Remitly - Low fees plus new user promos
WorldRemit - Low fees, wide Nigerian bank coverage
FROM CANADA 🇨🇦
LemFi - Zero fees, direct bank deposit
Wise - Cheapest for large amounts
Remitly - Speed plus new user deals
Pesa - Zero fees, strong CAD-NGN rates
KEY TIPS
- Pay by bank transfer not credit card
- Avoid weekends
- Send mid-week Tuesday to Thursday
- Never use your regular bank
- Always compare the exchange rate not just the fee