Send Money from United States to Nigeria at Best Rates

Highest remittance rate for converting 1 USD to NGN = 1464.32

Best Way to Send Money from United States to Nigeria

There are more than 2 million Nigerians live in America who "send money to Nigeria" to their families. There are multiple ways to send money to Nigeria including bank transfers, money remittance companies and foreign exchange brokers which offer best-guaranteed exchange rates and lower fees. This has made the international remittance of Nigeria increase to a great extent and also made a critical source of income for the people as well as has changed their standard of living in the past few years. Most of the people looks after the cheapest way to send money to Nigeria and henceforth, we have listed some of the best ways of money transfer. 

Therefore, on this page, we have compared “Top 5 money transfer companies from the US 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.

Many people are stuck between options when it comes to sending money from USA to Nigeria because of the many available and confusing options. Thanks to Exchange Rate IQ however, you can quickly select a suitable money transfer service and learn how services like XE Money can make life easier for you.

Country Guide - Nigeria


Mid Market Rate



Mid Market Rate


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You Pay (Includes Fee $ 2.49) $ 252.49
Receiving Amount
₦ 369725
Realized Exchange Rate
remitly USD to NGN Exchange Rate
Best Value


Transfer Time : 1-2 Days
Remitly is a one of the safest & leading money transfer service provider for sending money from USA to Nigeria for sending amount 250. Today’s Remitly exchange rate for sending money from USD to NGN is 1478.9 with a $ 2.49 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 1464.32. The pay in options available are Bank, also you can receive money using Bank, at multiple Remitly partner locations. The transfer time usually range between 1-2 Days. For more detailed review of Remitly click here
1 More Option Available

You Pay
(Sending Amount + Fee)

Exchange Rate
(remitly / Realized)

Receiving Amount
(Receiving Amount)

$ 253.99
Pay-In :
1478.9 / 1455.67
1-2 Days
₦ 369725
Pay-Out :
You Pay (Includes Fee $ 8.09) $ 250
Receiving Amount
₦ 363058.528
Realized Exchange Rate
transferwise USD to NGN Exchange Rate
3.93% vs Best Value


Transfer Time : 3-5 Days
Transferwise is a one of the safest & leading money transfer service provider for sending money from USA to Nigeria for sending amount 250. Today’s Transferwise exchange rate for sending money from USD to NGN is 1500.8 with a $ 8.09 fee. Based on the Exchange Rate IQ calculations it offers 3.93% less than the best value for your money transfer. The realized exchange rate after considering the fees is 1406.71. 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
With a worldwide agent network of more than 314,000 locations in 144 countries and growing
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. 
Western Union is an American financial services company which offer money remittance to more than 200 countries across the globe.

USD to NGN - Best Money Transfer Service Review Summary

  • Which is the best option available to send money from USA to Nigeria after comparison?
  • With our real-time comparison on sending money from USA to Nigeria ,
      we have found Remitly remittance services who are providing competitive exchange rates.
  • Top 1 companies are - ( Remitly, 1464.32 ) .
  • To remit money in the bank account of Nigeria, best companies is ( Remitly, 1464.32 ).
  • Current money transfer offeres/promotions are available with money transfer services.
  • For quick money transfer from USA to Nigeria with agent service is Remitly with exchange rate 1464.32.
  • Available pay in when sending money from USA to Nigeria Bank, Creditcard, Debitcard.
  • Available pay out when sending money from USA to Nigeria Bank.
  • Other options to transfer money from USA to Nigeria are Ria, Travelex, Westernunion .
  • The comparison result was last updated on Jun 15, 2024.
  • For the latest comparison result of USA to Nigeria, Please visit ExchangeRate IQ regularly.

Why and how often foreign exchange rates fluctuate?

There are multiple factors which influence the exchange rates of a country. These may include inflation, current account deficit, interest rates, public debts, trade between the countries and economic position of the country as well as currency. These rates change very often as they float in the currency market freely against one another which leads to contact change in the exchange rates. Similar is the Nigerian currency Naira (NGN) which is highly flexible and changes frequently against the US Dollar.

How to find the best money transfer to Nigeria from US?

Every money transfer company has its own upfront fees and exchange rate cost which will lead you to pay more for foreign exchange. No matters where you send money, people always end up with paying higher fees including hidden fee and commission. So, if you want to transfer money from the US to Nigeria, first you must compare all the companies and then check out which one is offering better rates along with lower transfer fees. 

While money reached to your loved ones chiefly depends upon the exchange rate, there are some ways by which you can reduce the fees and this will get you the "cheapest transfer rate for Nigeria from the USA". 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 US Dollar to Nigerian Naira:

  1. Speed: How soon you want your money to reach the recipient? There are many companies which offer instant or same day money transfers. Western Union, MoneyGram and Ria Money Transfer are among some of such companies which have a worldwide network of agents and helps in transferring money real soon. But if you have enough time and no emergency is hitting, you can send it through other companies such as WorldRemit, Transfast, Xoom and Remitly.
  2. Exchange Rate: Almost all the companies which offer money transfer services to Nigeria plays with the exchange rate by deducting profit margin, commission and other hidden fees. Still, companies have different exchange rates so you must compare the mid-market exchange rates, bank rates and other transfer services which will spare you from paying some extra bucks. In this search you may also find some of such companies which will let you send money to Nigeria for free.
  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. For example, you are not allowed to transfer amount more than USD$10,000 and if you do, you need to take the permission of federal law of America which also levy extra taxes on the sender. 
  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. Xoom Money Transfer, Remitly, WorldRemit and Trasfast offer bank account to bank account transfer while Xoom also offers cash pick-up services, airtime top-up, cash delivery at home and bill payment solution to its customers. So, those who want to use other services can make money transfer through Xoom. Other than this, Remitly, WorldRemit, Transfast, Xoom Money Transfer etc. are also offering their mobile apps.

Emergency Transfer to Nigeria

There are companies which offer instant money transfers to users but for this, they charge high transfer rates. For example, Western Union, MoneyGram both have a large network and provides cash pick up services in Nigeria. Similarly, WorldRemit offers instant bank account to bank account transfer in Nigeria, which will fulfill the needs of Emergency Transfers

Cash Pick Up services in Nigeria:

The cash pick-up services of Nigeria are available in Lagos, Kano and Abuja cities. Recipients can find the nearby pickup service of multiple companies and collect cash from there.

Factors to consider before transferring money to Nigeria

There are multiple companies providing remittance services from the US 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: Check the user reviews of the company provided by its customers on multiple websites. This will help you to know how the services of company are and it is not a fraudulent business.

Plan the Transaction: If there is no emergency, then you must plan your transfer earlier, so that it will reach to the recipient within 3-5 days.

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.

What are the Best money transfer services from US to Nigeria?

Cheapest Money Transfer Options to Nigeria:

Fastest Money Transfer options:

Best option for Cash Transfer to Nigeria:

US Banks offering Remittance services in Nigeria

Best Online Money Transfer options to Nigeria


How long does an international money transfer to Nigeria from the US take?

Most take three to five working days, although some services can transfer funds in a couple of hours. For example, WorldRemit and Xoom offer instant transfers, while Remitly, Tranfast and Money2Anywhere transfer it in 1-2 days. Besides this, money order, cheque and demand draft can even take up to two weeks. So, you must always check the time taken in the transaction with the transferring company before sending funds.

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How to send money to Nigeria from the USA?

There are multiple options for sending money to Nigeria from the USA; you can select the one which suits the best for you. These are:

Online transfer: You can send money online by using the facilities of money transfer companies. They will ask for you and your recipient’s bank details and transfer money online to their bank account.

Bank-to-bank transfer: You can also use the services of your bank and make a transfer to the recipient’s bank account. Bank transfers are considered less by the customers these days as they charge high fees and offer lower exchange rates.

Wire transfer: Wire transfers are fast as compared to the bank transfer which is completed by the banks only. Provide the details of the bank account of the recipient and your amount will be transferred to his/her account within a few days.

Cash Pickup: Many money transfer companies such as Western Union, WorldRemit, Ria Money Transfer, MoneyGram, etc. are offering cash pickup services in Nigeria. You can send money from a bank account, debit card or credit card and the same will be received instantly or in an hour by the recipient.

Cheque, Demand Draft: You can also send money by foreign cheque or demand draft and send the same at the address of the recipient. However, it will take 27-30 days to reach it to the recipient.

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Can I send money to Nigeria from USA through MoneyGram?

Yes, you can send money to Nigeria from the US by using the services of MoneyGram. The company offer online transfer, bank account to bank account transfers, cash pickup services, wire transfers, etc.

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Why do money transfer companies offer different exchange rates for Nigeria?

Different companies have different business models. Some offer zero fees while taking an exchange rate margin, while others ask for an upfront fee. These companies deduct their costs, profits, inter-bank changes as well as commission from the exchange rates. Therefore, all the companies have different exchange rates which depend on their business criteria.

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Can I transfer money from the US to an account in another name to Nigeria?

Yes, most money transfer companies require you to add the details of the receiving party. If you are sending money to Nigeria online you will have to add the bank accounts of the receiving party. It could be your Nigerian account or someone in your family/friend. However, many companies do not allow third-party transfers, so you mostly need your own account.

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Are money transfers regulated in the US?

Yes, all money transfer companies in the USA are regulated and need to obtain a license to offer money transfer services. Under federal law, 18 USC § 1960, businesses are required to register for a Money Transmitter license where their activity falls within the state definition of a money transmitter.

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Historical Mid Market Exchange Rate From US Dollar (USD) to Nigeria Naira (NGN) (Weekly)

Current Exchange Rate(Mid Market) :- 1495.5 NGN/USD

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 USD To NGN

Send US Dollar To NIGERIA Receive Nigeria Naira
1 USD TO NGN 1495.5
50 USD TO NGN 74775
100 USD TO NGN 149550
250 USD TO NGN 373875
500 USD TO NGN 747750
1000 USD TO NGN 1495500
5000 USD TO NGN 7477500
10000 USD TO NGN 14955000
Send Nigeria Naira Receive US Dollar From NIGERIA
1000 NGN FROM USD --
5000 NGN FROM USD --
10000 NGN FROM USD --

Click To Compare Money Transfer Services For The Following

Best Money Transfer Rate USD to NGN

Company Name Live Exchange Rate
XE Money Transfer ₦ 1495.5
Remitly ₦ 1478.9
Transferwise ₦ 1500.8

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