Find the best way to send money to Nigeria

Compare 13+ companies that can send money to Nigeria from the UK.

Looking for the best way to send money from the United Kingdom to family, friends or businesses in Nigeria (or even to your own overseas bank account)?

Don't head straight to your British bank – compare specialist money transfer services instead. They nearly always offer better NGN exchange rates and lower fees, so for the same amount of pounds you send, your recipient will receive more nairas.

Of the companies we've compared, Revolut is among the cheapest, with competitive exchange rates and fees starting from £0. Need a really fast transfer? PassTo can get money to your recipient in Nigeria within minutes.

Best ways to send money to Nigeria from the UK

The best way to send money to Nigeria depends on your payment method, how you want your money to be received and how fast you need it to arrive.
  • Bank transfer. Typically the cheapest option, bank transfers are an easy way to send money to Nigeria but are often slower than other methods.
  • Cash pickup. If you need your money to arrive fast, cash pickup gives your recipient instant access to the money you've sent when they collect it from their agent location in Nigeria.
  • Peer-to-peer (P2P) transfer. With this type of transfer, the transfer service matches people buying Pounds in one country with people who are selling it in another, potentially securing a more competitive exchange rate.
  • Mobile wallet. Essentially an electronic wallet service, mobile wallets allow users to store, send and receive eligible currencies using their phone, often with fees attached.
  • Prepaid phone credit. Specifically used to top up a recipient's prepaid mobile phone plan, prepaid phone credit is usually added instantly or within a few minutes.
  • Home delivery. If your recipient may struggle to get to a cash pickup location, you may be able to opt for door-to-door cash delivery.

Compare the best money transfer companies to send money to Nigeria

Use our table to compare the best money transfer companies to send money to Nigeria. You can compare deposit and receiving options, fees and transfer speeds, then click the "Go to site" button when you've found the best one to get your money to Nigeria.
1 - 14 of 14
Name Product Filter values Ratings Pay by Receiving options Fastest transfer Fee (pay by bank transfer) Key benefits
OFFER
TorFX
Finder rating
★★★★★
Debit card, Bank transfer
Bank account
24 hours
£0
Rate improver guarantee: TorFX will match and beat any rate you're offered by a competitor. T&Cs apply. Get a £50 Amazon voucher for each friend you refer who transfers £5,000 or more. T&Cs apply.
OFFER
Wise (TransferWise)
Finder rating
★★★★★
Credit card, Debit card, Bank transfer
Bank account
4 hours
From £3.75
Refer 3 friends to receive up to £50 referral bonus
DISCOUNT
PassTo
Finder rating
★★★★★
Credit card, Debit card, Bank transfer
Cash pickup location, Bank account, Mobile wallet
Within minutes
From £0.99
No fees on your first transfer. Refer 3 friends to PassTo and earn £50 once they each make a transfer of at least £200. They'll earn £5 too. T&Cs apply.
Remitly
Finder rating
★★★★★
Credit card, Debit card, Bank transfer
Cash pickup location, Bank account, Mobile wallet, Home delivery
Within minutes
From £1.49
OFFER
WorldRemit
Finder rating
★★★★★
Credit card, Debit card, Bank transfer
Cash pickup location, Bank account, Mobile wallet, Prepaid phone credit
Within minutes
From £1.99
Use promo code 4FREEFINDER to send your first 4 transfers with no fee. T&Cs apply.
OFFER
Airwallex multi-currency business account
Not rated yet
Bank transfer
Bank account
Within minutes
£0
Connect your Airwallex account to Xero at no additional cost. Plus, generate Airwallex payment links to share with your customers anywhere in the world so they can pay in the currency and payment method of their choice. T&Cs apply.
CurrencyTransfer
Not rated yet
Bank transfer
Bank account
24 hours
£0
OFFER
Revolut
Not rated yet
Bank transfer
Bank account
Within minutes
From £0
Sign up and get 3 months of Revolut Premium for free. T&Cs apply.
OFFER
Currencies Direct
Finder rating
★★★★★
Bank transfer
Bank account, Mobile wallet
24 hours
£0
Get a £50 Amazon voucher for each friend you refer who transfers £5,000 or more. T&Cs apply.
OFFER
TorFX Business
Finder rating
★★★★★
Bank transfer
Bank account
24 hours
£0
Rate improver guarantee: TorFX will match and beat any rate you're offered by a competitor. T&Cs apply.
OFX
Finder rating
★★★★★
Credit card, Debit card, Bank transfer
Bank account, Mobile wallet
24 hours
£0
CurrencyTransfer Business
Not rated yet
Bank transfer
Bank account
24 hours
£0
OFX Business
Not rated yet
Credit card, Debit card, Bank transfer
Bank account, Mobile wallet
24 hours
£0
Currencies Direct Business
Finder rating
★★★★★
Debit card, Bank transfer
Bank account, Mobile wallet
24 hours
£0
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Compare up to 4 providers

Please note: You should always refer to quotes you receive from transfer services themselves directly for exact amounts as they may vary from our estimates.

Cheapest way to send money to Nigeria

Bank transfers are typically the cheapest way to get your money to Nigeria. Revolut and PassTo have some of the lowest bank transfer fees of the brands we've compared.

When you're hunting down the cheapest ways to send money to Nigeria, it's more important to look at the overall cost of your transfer. This has a couple of elements:
  • Transfer fees. While still cheaper than your British bank, some money transfer services charge either a fixed or percentage-based fee for making your transfer.
  • Exchange rates. Another way money transfer providers make money is to add a margin to the mid-market GBP/NGN exchange rate.

Some providers may charge the mid-market rate but add fees on top. Others may have very low fees but apply a markup on the exchange rate. This means it is important to compare exactly how many nairas your recipient will end up with.

Fastest way to send money to Nigeria

Many online providers can offer transfers to Nigeria within minutes, although you're likely to pay a premium for the convenience.

Here are some of the fastest average transfer speeds to Nigeria:
  • PassTo — within minutes
  • Remitly — within minutes
  • WorldRemit — within minutes

Actual transfer times from the United Kingdom to Nigeria can depend on several different factors including transfer amount, payment method and currency.

Safest way to send money to Nigeria

The safest way to get your money to Nigeria is to use a provider registered with the United Kingdom's industry regulator, the Financial Conduct Authority (FCA). All of the companies we've compared in our table are overseen by a local regulator and comply with the relevant laws and regulations in both the United Kingdom and Nigeria.

A great way to dive deeper is by reading our extended reviews of each transfer service and researching first-hand customer feedback on Trustpilot and similar platforms.

Large money transfers to Nigeria

If you need to make a sizable money transfer to Nigeria, consider using a provider such as TorFX or Wise (TransferWise) to benefit from its expertise in handling larger transfer amounts.

Using a large transfer specialist can have the following advantages:
  • Tax guidance. Large transfers to Nigeria may have tax implications for you or your recipient. A transfer specialist can help get you up to speed on HMRC's latest advice.
  • Foreign exchange (forex) tools. Advanced tools such as forward contracts, limit orders and stop-loss orders can help you lock in the NGN exchange rate you want.
  • Account manager. Some money transfer providers assign a personal account manager who can help and advise you on your transfer needs.
  • Phone service. If you want to talk your transfer through with someone, providers such as PassTo and Remitly can give you support over the phone.

How to send money to Nigeria from the UK

To send money to Nigeria, you'll need the necessary documentation, your recipient's details and a way to pay.

  1. Compare your options.
    Use our table to find a money transfer provider that sends funds to Nigeria. One may be better for cash pickups while another may suit a bank transfer. Once you've found the best one for your requirements, click "Go to site".
  2. Create an account.
    You'll need to give your name, address, contact details, proof of ID and method of payment.
  3. Provide your recipient's details.
    Enter your recipient's name and contact information. If you're sending straight to their Nigerian bank account, you'll need the account number, SWIFT or IBAN plus their bank branch's address.
  4. Enter your transfer amount.
    Check you're happy with the fees, exchange rates and transfer speed, then enter the amount you wish to send. Double-check the total nairas your recipient gets.
  5. Complete your transfer.
    Send your money transfer to Nigeria. Keep your transaction reference number safe so you can track your transfer. Your recipient may need it too.

Example: Muhammad sends money to Nigeria

Muhammad is working in the United Kingdom as a financial analyst and he stays in regular contact with his elderly parents back home in Nigeria. His parents need some funds to help pay off a mortgage, so Muhammad plans to send them £2,000 from the United Kingdom.

He decides to compare a bank and a money transfer specialist to see which one can save the most money on his transaction.

Bank Money transfer company
Exchange rate 1 GBP = 559.60 NGN 1 GBP = 567.01 NGN
Transfer fee £10 £2.50
Transfer method Bank account deposit Bank account deposit
Processing time 2 - 5 working days Next day
Amount received 1,113,601.59 NGN 1,132,596.32 NGN

The money transfer company enables Muhammad to send an extra ₦18,994.73, which is transferred straight to his parents' Zenith Bank account.

How to choose the best money transfer companies to send money to Nigeria

When choosing a money transfer provider to send money from the United Kingdom to Nigeria, it's important to consider the cost, how you want your recipient to receive the funds and the turnaround time. Here are other features to review:

  • Exchange rates. Banks and transfer services use the mid-market rate to trade with one another. It is the best rate you can get. However, not all money transfer providers offer you this mid-market rate so compare the NGN you're offered to the mid-market rate and look for the smallest difference.
  • Transfer fees. Are you being charged a flat fee or a percentage of your transfer amount? For example, a provider offering to transfer your money to Nigeria for a flat or low fee might work out better if you plan to send a large amount.
  • Transfer type. Does your recipient have a Nigerian bank account or is cash or cell phone top-up a better option? Each transfer type will have different fees. For example, instant cash pickups tend to be more expensive than bank transfers.
  • Transfer speed. If you need your transfer to arrive quickly, you can pay for an express delivery. Companies such as PassTo and Remitly offer instant cash pickups but may charge more. If you're not in a rush, online money transfer services offer the best value and get your money to Nigeria faster and cheaper than banks.
  • Transfer purpose. Whether your transfer is for personal or business reasons influences which provider you want to use. If it is a one-off personal transfer, then fast and cheap may be the way to go. But if you make recurring transfers or send large amounts, a business transfer specialist like Airwallex multi-currency business account may be more economical.
  • Forex tools. Are you able to set rate targets, lock in a good NGN rate for the future or create a stop-loss order? Advanced forex tools can help make your transfer cheaper, which is useful if you make multiple transfers a year.
  • Transfer limits. Find out how much you can send with each service. For example, PassTo has a transfer limit of £3,000 while WorldRemit allows transfers up to £50,000.
  • Customer support. If you're sending larger amounts or looking for some guidance, it's important to choose a provider you can contact by phone like PassTo.
  • Discounts. Some providers may offer you a free transfer simply for signing up. Others may offer a discount if you transfer more than a specific amount of nairas.

Frequently asked questions

We show offers we can track - that's not every product on the market...yet. Unless we've said otherwise, products are in no particular order. The terms "best", "top", "cheap" (and variations of these) aren't ratings, though we always explain what's great about a product when we highlight it. This is subject to our terms of use. When you make major financial decisions, consider getting independent financial advice. Always consider your own circumstances when you compare products so you get what's right for you.

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