Send Money from Canada to Nigeria at Best Exchange Rates

Highest remittance rate for converting Canada Dollar to Nigeria Naira is 1 CAD = 260.26 NGN

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Best Way to Transfer Money from United States to Nigeria

You need to stop wasting your hard-earned money in the unnecessary transfer fees and poor exchange rates when you are sending Canadian Dollar to Nigerian Naira. There are very limited companies which offer their services on this corridor, but among them too, there are few which offer lower fees and higher rates. So, here first compare the companies depending on your emergency on delivering of the fund, the mode you want to choose, etc. and then select the company. On this page, we have compared “Top money transfer companies from Canada to Nigeria”.

Please find the list of companies below in a sorted order which are providing the best money transfer services with the highest exchange rates and low fee.

Country Guide - Nigeria

Mid Market Rate

272.1

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Mid Market Rate

272.1

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BEST VALUE FASTEST
Pay-In
Pay-Out
You Pay (Includes Fee $ 9.99) $ 509.99
Receiving Amount
₦ 132730
Realized Exchange Rate
260.26
remitly CAD to NGN Exchange Rate
265.46
Best Value

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Transfer Time : 3-5 Days
Remitly is a one of the safest & leading money transfer service provider for sending money from Canada to Nigeria for sending amount 500. Today’s Remitly exchange rate for sending money from CAD to NGN is 265.46 with a $ 9.99 fee. Based on the Exchange Rate IQ calculations it offers the Best Value for your money transfer. The realized exchange rate after considering the fees is 260.26. The pay in options available are Creditcard, Debitcard, also you can receive money using Bank, at multiple Remitly partner locations. The transfer time usually range between 3-5 Days. For more detailed review of Remitly click here
Pay-In
Pay-Out
You Pay (Includes Fee $ 11.03) $ 500
Receiving Amount
₦ 131012.177
Realized Exchange Rate
256.37
transferwise CAD to NGN Exchange Rate
267.935
1.49% vs Best Value

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Transfer Time : 3-5 Days
Transferwise is a one of the safest & leading money transfer service provider for sending money from Canada to Nigeria for sending amount 500. Today’s Transferwise exchange rate for sending money from CAD to NGN is 267.935 with a $ 11.03 fee. Based on the Exchange Rate IQ calculations it offers 1.49% less than the best value for your money transfer. The realized exchange rate after considering the fees is 256.37. The pay in options available are Bank, Creditcard, Debitcard, also you can receive money using Bank, at multiple Transferwise partner locations. The transfer time usually range between 3-5 Days. For more detailed review of Transferwise click here

More Available Options

You can check rates of some more providers that may support your country
WorldRemit is an online money transfer service that provides international remittance services to expatriates and migrant workers
Western Union is an American financial services company which offer money remittance to more than 200 countries across the globe.
With Xendpay you get the best deal and make a big difference with every transfer
Travelex is a money remittance company which is specially known for providing effective services to travelers across the world. People can transfer money online, use its money card and get currency exchanged at its stores. 
Money2anywhere is a product of UAE Exchange LLC Ltd which has its presence in more than 30 countries with over 150 correspondent banking relationships.
There are more than 200 countries you can send to using MoneyGram. Fees vary depending on where you are sending, how much, and how you are paying

Exchange Rate IQ Summary for Money Transfer From Canada to Nigeria

  • Which is the best option available to send money from Canada to Nigeria after comparison?
  • With our real-time comparison on sending money from Canada to Nigeria ,
      we have found Remitly remittance services who are providing competitive exchange rates.
  • Top 1 companies are - ( Remitly, 260.26 ) .
  • To remit money in the bank account of Nigeria, best companies is ( Remitly, 260.26 ).
  • Current money transfer offeres/promotions are available with money transfer services.
  • For quick money transfer from Canada to Nigeria with agent service is Remitly with exchange rate 260.26.
  • Available pay in when sending money from Canada to Nigeria Creditcard, Debitcard, Bank.
  • Available pay out when sending money from Canada to Nigeria Bank.
  • Other options to transfer money from Canada to Nigeria are Worldremit, Westernunion, Xendpay, Travelex, Money2anywhere, Moneygram .
  • The comparison result was last updated on Sep 17, 2019.
  • For the latest comparison result of Canada to Nigeria, Please visit ExchangeRate IQ regularly.

Which is best: Bank or Money Transfer Companies?

Although bank transfers are the safest mode to send money to your family abroad, at the same time it is the costliest mode as well. It is because banks offer much more than just money transfer services and they have to provide those services in a much better way. Hence, when compared to money transfer companies, banks charge more on their money transfer services to keep their business profitable.

On the other hand, money transfer companies are specialized in their business and look after the “cheapest way to send money to Nigeria”. This helps them to stay competitive in the sea of international money transfer companies. They tried to offer the most competitive exchange rates with the lowest fees to their users. This shows money transfer companies are the most efficient way to “send money to Nigeria” compared to banks.

How to find the best money transfer service to Nigeria from Canada?

Canada to Nigeria money transfer is not a very competitive transfer corridor and only a few companies and banks are offering their services in this corridor. So, you will need to find the companies with the best rates as well as discount offers. But the major question arises that after seeing competitive exchange rates is which company you should pick to transfer funds from Canada to Nigeria.

A few banks, MTOs and startups are offering these services to customers with multiple offers and benefits. Due to this competition, consumers now have a large number of choices and negotiating power. But again the question arises is which is the “best money transfer company” according to your needs and requirement of the recipient. So, here are a few base points which you should consider before transferring Canadian Dollar to Nigerian Naira:

  1. Speed: How soon you want your money to reach the recipient? If you want to transfer money faster, you can use cash pickup services of WorldRemit and Western Union. While, if you have no emergency, then you can use services of XE Money Transfer, WorldRemit and MoneyGram, which will deliver money in 2-3 working days.
  2. Exchange Rate: The companies offer different exchange rates depending on the fees they are charging and their margin of profit. For example, Transfast is not charging any fee and offer a bit lower exchange rate while WorldRemit offers the best exchange rate and have transfer fees. Besides this, other companies offer a bit lower rates comparing to live market rates and lock-in so that the same amount will be received by the recipient.
  3. Fees and Other Taxes: There are taxes levied on every transfer depending upon the policies of both the countries which will be deducted from the amount paid. The fee is charged by companies on different types of transfers. Before transferring, first, watch out that you will not end up paying more than you should.
  4. Transfer Convenience: If one can transfer in an easy way without any support of customer assistance, then the company is considered as highly convenient. You can make transfers online without physically visiting its office. In the era of digitalization, mobile apps are also necessary which can ease the transfers anytime anywhere. Xendpay, WorldRemit, Money2anywhere, MoneyGram etc. are also offering their mobile apps.

Top Key factors to consider before transferring funds to Nigeria

There are multiple companies providing remittance services from Canada to Nigeria, but it is not necessary that it will provide you with the best available services. It is most essential for the sender to take charge and be aware of hidden and transfer fee along with the exchange rates provided by them as well as competitors. So, you should invest your time and explore the best keeping the following factors in mind:

Reliability: You must know that the remittance company whose services you are looking for is reliable and trustworthy. There are many fraud companies come up with their plans which are not licensed and offer minimum fee with the best exchange rates, but your money will not safe with them. The most reliable path of sending funds is through a bank, which imposes higher fees and lower exchange rates.

Plan the Transaction: If you are planning to transfer funds, you should not wait for making the last minute decision or wait for any emergency. When you feel the prices are at their best, you can transfer the funds with minimum transfer fees. This will cost you less and you can make the most from your money.

Customer Service: Having a helping hand at the time of transferring funds is beneficial if in case you face any difficulty. The reputable companies offer best customer support in the event of mishap like delay or non-arrival of funds.

FAQ's

How to send money from Canada to Nigeria through Western Union?

You can send money from Canada to Nigeria through Western Union using its website. Enter all the bank details of your as well as recipient, enter amount and submit the transaction. Company is also providing its mobile app, so if you want to send money from mobile app, use it by downloading and submitting all details and complete transfer. Besides, Western Union also offer cash pickup services in Nigeria, so submit amount in the online form and select cash pick up for recipient so that the recipient will receive money instantly or within an hour in Nigeria.

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How to send money from Canada to Nigeria bank account?

You can send money to any of the Nigerian bank accounts from Canada using the services of TransferWise, WorldRemit, XE Money Transfer, Western Union, MoneyGram, etc. Simply add the details of your bank account and the recipient’s bank account and make the transfer. The amount will be received by the recipient within 3-5 working days.

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What are the ways to send money from Canada to Nigeria?

There are multiple ways to send money from Canada to Nigeria, all you need to know is which suits your requirements. These are:

Online money transfer: You just need to add the details of the bank account of both receiver and sender and submit it by entering all the details.

Mobile top-up: If you have to make a recharge than WorldRemit also provide these services to its customers so that they can help their family in Nigeria.

Bank account transfer: Many banks in Canada offer wire transfer and SWIFT transfer, which allow transfer from a bank account to bank account directly.

Cash pickup: You can send money from your bank account, debit or credit card which will be received by the recipient in cash from any agent location nearby.

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Historical Mid Market Exchange Rate From Canada Dollar (CAD) to Nigeria Naira (NGN) (Weekly)

Current Exchange Rate(Mid Market) :- 272.1 NGN/CAD

Mid-market Rate is a currency exchange rate. Usually traders in currency exchange market have two exchange rates -
  • Selling exchange rate - at which sellers are willing to sell a particular currency and
  • Buying exchange rate - at which buyers are willing to buy a particular currency.
Mid-market rate is the mid-point of these two rates. This is the most transparent and the most accurate exchange rate. It is also known as “Interbank Rate” or “Spot Rate” or “Real Exchange Rate”. This is the rate which independent sources like Reuter, Google etc show.

Compare Currency Conversion CAD To NGN

Send Canada Dollar To NIGERIA Receive Nigeria Naira
1 CAD TO NGN 272.1
50 CAD TO NGN 13605
100 CAD TO NGN 27210
250 CAD TO NGN 68025
500 CAD TO NGN 136050
1000 CAD TO NGN 272100
5000 CAD TO NGN 1360500
10000 CAD TO NGN 2721000
Send Nigeria Naira Receive Canada Dollar From NIGERIA
1 NGN FROM CAD --
50 NGN FROM CAD --
100 NGN FROM CAD --
250 NGN FROM CAD --
500 NGN FROM CAD --
1000 NGN FROM CAD --
5000 NGN FROM CAD --
10000 NGN FROM CAD --

Click To Compare Money Transfer Services For The Following

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