MoneyGram International Money Transfers
Send funds to more than 200 countries and territories around the world with a MoneyGram international money transfer.
- Pick up cash within minutes.
- Send a transfer from one of the 350,000 MoneyGram locations around the globe.
- Bank deposit available directly into your or the receiver’s account.
- Mobile wallet deposit available.
Compare international money transfers to Nigeria
Use our interactive table to compare transfer fees, exchange rates and other details for sending funds to Nigeria with our money transfer partners.
Steps to send money to Nigeria
- Create a free account with a money transfer service and provide your name, contact information, proof of identity and bank account information if you are not sending cash.
- Provide contact information for your transfer recipient.
- Select a payment option and enter the full details of your transfer,.
- Keep track of the reference number or receipt you receive to monitor the progress of your transfer.
How do international money transfers work?
An international money transfer allows you to send money to friends, family and businesses overseas. Generally, it involves you sending cash or money from your bank account to an intermediary transfer service or bank, which then exchanges and sends the money to your recipient in another country — in this case, Nigeria.
Depending on the provider, you can initiate a money transfer in person, online or by phone. Your cash or bank account transfer is then either deposited into your recipient’s bank account or made available as cash for pickup at a location in their country.
Back to topBanks vs. money transfer companies
Many major US banks offer the option to send funds to Nigeria. But they typically charge high transfer fees and offer exchange rates that are significantly lower than the mid-market rate — or the rate banks and transfer providers use when trading among themselves.
A reputable money transfer specialist can often offer better exchange rates and charge lower fees, saving you money and putting more Nigerian naira into your recipient’s pocket.
Jonathan sends $1,000 to Nigeria
Jonathan wants to send $1,000 from the US to Nigeria to help his wife cover some of the costs associated with raising their children. His bank doesn’t send funds to Nigeria, so he is comparing the services of two money transfer companies — one that offers transfers that take place within minutes.
| Money Transfer Company A | Money Transfer Company B | |
|---|---|---|
| Exchange rate | 1 USD = 193.575 NGN | 1 USD = 193.787 NGN |
| Transfer fee | $6 | $81 for money in minutes; $12 for bank account transfers |
| Transfer speed | 2 business days | 1 hour for money in minutes; 4 business days for bank account transfers |
| Transfer options | Bank account deposit | Cash pickup, bank account deposit |
| Total NGN received | 193,575 NGN | 193,787 NGN |
Jonathan’s comparison shows that even a small difference in exchange rates can make a noticeable difference in the amount you transfer. Transfer fees vary greatly depending on the transfer method you choose.
How to compare transfer companies when sending money to Nigeria
By comparing a few elements of your transfer, you can ensure that you get the cheapest deal for your needs.
- Exchange rates. Nearly all providers skew exchange rates for a profit. Compare the rate you’re offered to the mid-market rate — the rate banks and transfer services use when they trade among themselves — and look for the smallest margin between them.
- Transfer fees. Find out whether the provider charges a flat fee or a percentage of your transfer. If you’re sending a large amount, ask whether you qualify for a fee-free transfer.
- Payment and delivery options. Some transfer companies allow you to pay with a credit card online, by phone or through an app. Others offer agent locations for cash payments and pickups. Also ask how your recipient can receive your funds: bank account, cash pickup, mobile wallet and more.
- Transfer speed. If it needs to be there fast, companies like Western Union and MoneyGram allow for quick cash pickups, often in minutes. If you have more time, you’ll get better rates and fees with an independent provider.
- Transfer limits. Your best option might depend on how much you want to send. For large transfers, weigh the best exchange rate — especially since providers encourage large transfers by offering low fees. For smaller amounts, consider the fees you’ll pay on top of the exchange rate.
- “Hedging” options. Ask whether you can schedule payments ahead of time or protect your transfer against market fluctuations with a limit order or forward contract.
- Customer support. Most companies offer customer service by Internet chat, phone, in person or by email. Make sure help will be available if you need it.
Foreign exchange rates explained
The exchange rate determines how much one country’s currency is worth in another currency. When a country’s currency is strong, it yields more money when exchanging it in a country with a weak currency. For example, in January 2018 one US dollar was worth 360.50 Nigerian naira.
Nigeria’s exchange rate is flexible, which means it can change from moment to moment. Factors that influence the exchange rate include interest rates, economic stability and inflation.
Currency exchange rate for Nigeria
Options for sending money to Nigeria from America
- Bank transfers. Many major US banks will allow you to wire money to banks in Nigeria.
- Online money transfer services. It’s simple and convenient to send an online money transfer to Nigeria from the comfort of your home.
- Providers with cash pickup. Companies like Western Union and MoneyGram offer the option of cash pickups from thousands of agent locations across Nigeria.
- Checks and money orders. Although not a quick option, you could send an international check overseas, obtained from your bank or US Postal Service.
Emergency cash transfers in Nigeria
You might need to send an emergency cash transfer to Nigeria — for example, if a friend traveling through the country loses their wallet. But when you need to transfer funds urgently, your fastest possible transfer will often be your most expensive option.
Carefully review the exchange rate and transfer fee against your needs so that you understand exactly how much it will cost you.
Cash pickup locations
Western Union, MoneyGram and Ria provide the three largest money transfer networks in the world, with thousands of agent locations around the globe. You’ll need to pass your transaction reference number on to your recipient to allow them to pick up your funds. They’ll also need to bring along a photo ID.
Tips for picking up cash in Nigeria
Whether picking up funds in Nigeria or anywhere else around the world, take a few simple safety precautions to prevent yourself becoming a target for thieves.
- Call ahead. Learn the company’s business hours and choose a safe time to pick up your cash. Daylight hours are best.
- Bring a friend. Carrying money when alone can be dangerous. Ask a friend to come along.
- Deposit your money immediately. The likelihood of losing your money to theft or simple carelessness grows the longer you have it with you. Go straight to a bank and deposit your cash as soon as possible.
- Keep your cash hidden. Place your money in your purse or wallet before leaving the office. Carrying cash out in the open could make you a target.
Is there any services that can make a deposit to a Nigeria bank account same day sending from Orlando, FL?
Hi Joey,
Thanks for leaving a question on finder.
Many major US banks will allow you to wire money to banks in Nigeria. The only limitation is that you can not receive it same day since it has to go to a process between the sending bank, the intermediary bank and finally your receiving bank.
Western Union, MoneyGram and Ria provide the three largest money transfer networks in the world, with thousands of agent locations around the globe. You’ll need to pass your transaction reference number on to your recipient to allow them to pick up your funds. They’ll also need to bring along a photo ID.
If it needs to be there fast, companies like Western Union and MoneyGram allow for quick cash pickups, often in minutes. If you have more time, you’ll get better rates and fees with an independent provider.
Cheers,
Joel
Hi, so my employer says they can only pay me through epayments, or a card transfer. Which of the options is best to receive funds as a Nigerian and how can i go about it? Thanks
Hi William!
Thanks for getting in touch!
As a product comparison website, we are only able to give you general advice on money transfers to Nigeria.
In your decision process, choose the method that gives you the best exchange rate at low fees and fastest transfer speeds that will direct your funds to your account. The information above that says “How to compare transfer companies when sending money to Nigeria” would be able to help you decide which money transfer service to choose.
Hope this helps!
Nikki
Is it possible and legal to send money up to 1m USD to Nigeria and what is the best option?
Hi Jonason,
Thanks for your message.
It is possible to send larger amounts in the US. The amount will be upon the approval of the provider you choose.
Your best option might depend on how much you want to send. For large transfers, weigh the best exchange rate — especially since providers encourage large transfers by offering low fees.
Hope this helps!
Cheers,
Nikki
Please I want to know if money can be transferred from Walmart to a bank account In Nigeria
Hi Kelvin,
Thanks for leaving a question on finder.
Walmart money transfers does not allow you to deposit funds directly into your receiver’s bank account in Nigeria. However, the recipient can pick up the money at any MoneyGram agent locations. You can compare from this page above for other options in sending money to Nigeria.
Hope it helps,
Joel
Is there posdible to get RIA picked at my bank in nigeria. Would the money using directive of where to get it picked?
Hi Jordan,
Thanks for leaving a question on finder.
Ria transfer methods are Online, Phone, Bank Account to Bank Account and Cash Transfer. When receiving money, a cash pickup or home delivery will be that fastest method – although both options are dependent upon the payout agent or courier’s business hours. On average, cash pickups and home deliveries are available within the same day.
Their global network includes 350,000 agent locations in 149 countries worldwide. Yyou can send money to many, many different places in Nigeria. They process millions of money transfers each month both online and through their agent locations. For an extensive list of send and payout locations, please visit the full countries list HERE.
Please note that, if a money transfer is flagged for review for security reasons, the processing time will take longer. Other things that may slow down processing times include:
– A security review. Since security is our number one priority, we want to ensure all money transfers are legitimate.
– Financial institutions processing times. Timing may vary slightly depending on your bank.
Cheers,
Joel
pls how do I receive money from Missouri USA tomoro, she said Western union doesn’t permit them sending money to Nigeria Nd I need d money… can I get a link atleast that’ll take hours?
Hi Elisha,
Thanks for leaving a question on finder.
You can receive your funds in Nigeria same day via Western Union or Moneygram. Please note that there is a transfer limit amounting to 1,000USD Naira equivalent per customer per quarter, as stipulated by the Central Bank of Nigeria.
Cheers,
Joel
If I send money to Nigeria through Western Union, do you need a Nigerian ID to pick it up from Western Union?
Hello Tony,
Good day! Appreciate you contacting finder regarding your inquiry today.
Upon checking Western Union page, to receive money at the agent location, the receiver must present the completed “to receive money form” as well as a government-issued ID (where applicable). A Nigerian ID can be used so long as it is issued by the government.
Hope this helps!
All the best,
Ron
a friend from Texas wants to send me money through western union, all they can tell him is that. they are not allowed to send money to Nigeria I wonder why. can him transfer directly to my bank account in Nigeria through money gram?
Hi Starm,
Thanks for reaching out.
Yes, MoneyGram is one of the options your friend can use when sending money to you in Nigeria. He can send the money direct to your bank account. If you can refer your friend from Texas to check the options above, that would be great. Please let him know to click on the ‘Go to site’ button so he will be redirected to MoneyGram’s page and process the transfer from there.
Hope this helps.
Cheers,
May
how to transfer from my icici bank acccount in india to my frens union bank account in lagos ,nigeria
Hi Rj,
Thanks for your inquiry
If the funds are still in your bank account, it would be best to speak with your bank directly if they are able to send direct bank transfers to Lagos, Nigeria. If not, you may check this page to know more about your options for sending money to Nigeria.
Hope this information helps
Cheers,
Arnold
I was sent money from France to Nigeria and its the 5th day nothing as reflected here in Nigeria……. does that mean the money is lost, what do I do? I need a response pls
Hi Lekan,
Thank you for your inquiry.
You may want to reach out to the money transfer service used for the transaction so they can check on its status as we’re unable to do so. You can look up their website online and reach out to them through their contact page. Please make sure to have the complete transaction details ready.
Here are some tips on Money Transfer Tracking. Also, this page on International Money Transfer Duration discusses the different factors that affect transfer times. Please note that there may be information on these pages that are inapplicable to people living outside the US.
I hope this helps.
Best,
Maria