Cheapest way to send money to Nigeria · quotes checked 2026-10-30
Paying by bank transfer from the US. The cheapest provider changes with the amount, so both $200 and $1,000 are shown. Ranked by what the recipient gets, which is what matters: the fee and the exchange-rate markup together.
| Provider | Recipient gets | Effective rate |
|---|---|---|
| Western Union | 270,137.83 NGN | 1357.4083 NGN/USD |
| Xoom | 268,208.25 NGN (−0.71%) | 1341.0412 NGN/USD |
| Instarem | 267,473.48 NGN (−0.99%) | 1337.3674 NGN/USD |
| Wise | 262,683.72 NGN (−2.76%) | 1369 NGN/USD |
Collected and published by Wise, which is also a provider in the list. Source, 2026-10-30.
| Provider | Recipient gets | Effective rate |
|---|---|---|
| Western Union | 1,357,408.3 NGN | 1357.4083 NGN/USD |
| Wise | 1,352,325.58 NGN (−0.37%) | 1369 NGN/USD |
| Instarem | 1,337,367.4 NGN (−1.48%) | 1337.3674 NGN/USD |
Collected and published by Wise, which is also a provider in the list. Source, 2026-10-30.
Because most of the cost hides in the exchange rate. A provider with a $0 fee and a 3% worse rate costs more than one with a $5 fee at the mid-market rate. "Recipient gets" captures both.
Fixed fees matter on $200 and vanish on $1,000, while rate markups scale with the amount. That is why Western Union wins at $200 and Western Union at $1,000 here.
No. They are quotes read on 2026-10-30 from the source linked above. Rates move daily; use them to pick a provider, then check the live quote before sending.
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Fees at an amount: PayPal $50 $100 $200 $250 $500 $1,000 $2,000 $5,000 · Stripe $50 $100 $200 $250 $500 $1,000 $2,000 $5,000 · Square $50 $100 $200 $250 $500 $1,000 $2,000 $5,000 · Venmo $50 $100 $200 $250 $500 $1,000 $2,000 $5,000