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Top Providers For transfers from the USA to Nigeria
Based on 8,977 comparisons made by Monito users in the past 3 months.
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Today's cheapest money transfer service might not be the cheapest tomorrow. Find the one that's best-suited to your needs and preference by comparing the best performers on Monito's comparison engine over the past 30 days for transfers from the USA to Nigeria:
Best Ways to Send Money from the USA to Nigeria
- The best rated: Instarem (8.1/10)
- The cheapest: WorldRemit
- The fastest: Instarem
About Money Transfers from the USA to Nigeria
Monito compares 2 providers offering international money transfer services from the USA to Nigeria. The total cost of the cheapest available option at any given point in the past month was -30.3% of the transferred amount. In comparison, the total cost of the most expensive provider was on average 4.4%.
| đź’¸ Number of providers | 2 |
|---|---|
| 🏆 Most often cheapest provider | |
| đź’° Average Lowest Total Cost | -30.3% |
| đź’° Highest Total Cost | 4.4% |
| đź‘Ť Recommended Providers | Instarem, WorldRemit |
| ⚡ ️Fastest Transfer Time | time.in_minutes |
| đź’ł Pay-in Options | Bank transfer, Credit card, Direct bank payment, Debit card |
| đź’µ Pay-out Options | Bank account |
| đź’¸ Most transferred amount | 100 USD |
How Fast Can I Send Money to Nigeria From the US?
- With WorldRemit, you can send money to a Nigerian bank account within two to three working days.
- With Remitly, you can send money to a Nigerian bank account within two to three working days.
- With Paysend, you can send money to a Nigerian bank account within twenty-four hours.
Can I Send Money to Nigeria From the US?
Yes. Following November 2020 decision by the central bank, money transfer operators sending money into Nigeria were heavily restricted and only permitted to issue remittances to the country in US dollars. Since then, only a small number of operators are authorised to handle transfers to Nigeria. From the US, these include Paysend, Remitly, and WorldRemit.
How To Send Money to Nigeria From the US Online?
- Compare money transfer services on Monito’s real-time comparison engine
- Open an account online
- Set up your transfer using your beneficiary's bank details in Nigeria
- Fund your transfer by transfer, debit or credit card
- Click 'Send' and — voilà ! Your money is on its way 💸
FAQ About Money Transfers From the United States to Nigeria
What's the best way to transfer money from the United States to Nigeria? đź’¸
The best way to send money from the US to Nigeria depends on the delivery method, the amount and the speed of a transfer. It’s hard to compare all the options at once. But we have good news - you don’t have to do it on your own.
With Monito you can compare all of the most popular options side-by-side and make an informed choice with just a few clicks.
Is it possible to send money online from the US to a cash pick-up location in Nigeria?
Yes, you can send money online from the US to a cash-pick up location in Nigeria. It's an excellent option as there are over 40 million people without access to bank accounts in Nigeria.
WorldRemit cash pick-up transfers are available to collect in 3 minutes from any branch of:
- FCMB: there are 200+ location in major cities (Abuja, Ibadan, Ikeja, Kaduna, Lagos, Portharcourt and many more)
- Fidelity Bank: all of 230 offices operates Mon - Friday: 8:00 am - 5:00 pm
- Zenith Bank: transfer pick-up in all of Zenith Bank branches - the largest financial service provider in Nigeria
- Polaris you can pick up the transfer in almost 300 locations (Mon - Friday 8:00 am - 4:00 pm)
- Access: over 300 branches are located all over the country in all majors cities, including Abuja, Lagos, Kaduna, and Port Harcourt
- Union Bank: all 300 offices are open Mon - Friday 8:00 am - 5:00 pm
- First Bank: the beneficiary can pick up the money in almost 600 branches (Mon - Friday: 8:00 am - 4:00 pm)
What's the cheapest way to send money from the United States to Nigeria?
Using a bank is the first option that springs to mind when it comes to money transfers from the US to Nigeria. Unfortunately, it’s the most expensive way of sending money abroad. There are numerous better solutions available.
All of them you can compare on Monito and find the cheapest way to send money from the United States to Nigeria with just a few clicks.
How to send money from the United States to Nigerian bank account at the best rate? 🏦
When it comes to money transfers from the US to Nigeria, there will be a significant difference in the charges that you’ll pay if you use an online money transfer operator over your bank.
If you plan to transfer the money from the US to Nigeria, the best option is to do it online. Many online money transfer operators offer low fees and excellent exchange rates. All the options you can quickly compare on Monito to find an easy and inexpensive way to send money to Nigeria.
Here's how to send money from the United States to Nigeria with a money transfer specialist:
- Compare & find the cheapest money transfer provider on Monito
- Open an account online or log in (if you already have an account)
- Set-up your transfer and provide the beneficiary's bank detailsin Nigeria
- Fund your transfer by wire transfer, debit or credit card
- Click “send” - your money is on its way from the US to Nigeria 💸
Best Rated Providers to Send Money from the USA to Nigeria
8.1
Monito Score 2023
8.0
Monito Score 2023
See Monito's In-Depth Money Transfer Guides
Everyone wins, except expensive solutions
With our model, the only losers are the expensive banks or providers you’ll stop using!
To ensure our independence, we always use transparent, objective and verifiable criteria in our comparison. No provider can buy their way to the top of our results.
We include as many providers as possible in our comparison and have partnerships with almostall major and innovative providers.
We make sure you never pay more than if you went directly to the provider of your choice. We even negotiate special offers for you with many of our partners.
You save money on your transfer by selecting the cheapest provider.
The best providers earn new customers without expensive marketing, helping keep their costs (and prices) low.
Monito receives a referral fee from the provider you selected. This enables us to offer our service to you for free.
Questions you may have
How can I use Monito to find the best option to send money to Nigeria?
Before each international money transfer, you should come and compare the costs of the different options on Monito, as they may have changed. The cheapest option is at the top, of our results but you may want to consider other criteria such as the speed of transaction or the pay-in or pay-out methods.
I simply use my bank to send money to Nigeria, do I really need to compare other options?
Of course! Banks are usually not the best way to make international money transfers. The fees can be quite low (and sometimes even zero), but beware of the poor exchange rates which banks often apply. We list as many banks as possible in our results, so do compare to find out if you’d be better off switching to another bank or a specialized money transfer company.
Can I trust a company I found on Monito but never heard about before?
Yes. We only list money transfer operators or banks that are fully authorized and monitored by the regulation authorities of the countries where they operate.
Is it possible to send money with Monito, or are you just a service to compare money transfer services?
Monito is not a money transfer company. We’re here to help you find the best way to send money to Nigeria.
Why Trust Monito?
You’re probably all too familiar with the often outrageous cost of sending money abroad. After facing this frustration themselves back in 2013, co-founders François, Laurent, and Pascal launched a real-time comparison engine to compare the best money transfer services across the globe.
Today, Monito’s award-winning comparisons, reviews, and guides are trusted by around 8 million people each year and our recommendations are backed by millions of pricing data points and dozens of expert tests — all allowing you to make the savviest decisions with confidence.
Monito is Trusted by 15+ Millions Users across the globe.
Monito's experts spend hours researching and testing services
Affiliate commissions we may receive never impact our independence
Mid-market exchange rate
To calculate the total cost of your transfer, we compare the exchange rate every provider applies to your transactions with the latest mid-market exchange rate data that we source fromXE.
