Money Transfer Companies from USA to Nigeria

“Remittances are an important source of income for millions of families in developing countries. As such, a weakening of remittance flows can have a serious impact on the ability of families to get health care, education or proper nutrition,” said Rita Ramalho, Acting Director of the World Bank’s Global Indicators Group.

Remittances to major receiving countries estimated to have fallen last year, including Bangladesh (-11.1 percent), Nigeria (-10 percent), and Egypt (-9.5 percent). The exceptions among major remittance recipients were Mexico and the Philippines, which saw inflows increase by an estimated 8.8 percent and 4.9 percent, respectively, last year.

Before sending money to Nigeria, there are couple of things you have to keep in mind like what is the cheapest way ? Depending on your sending amount, what is the fastest money transfer service because time can mean everything. What are the transfer methods available ? Is your final option is the best option for sending money ?

For the all above questions, you can see and compare all popular money transfer services for sending money from USA to Nigeria on this page.

1. WorldRemit

Necessary money transfer information while send money to Nigeria using Worldremit -

Transfer Type Online
Pay-In Methods
Credit Card
Debit Card
Pay-Out Methods Bank Account, including- Access Bank, Bank PHB, Diamond Bank, Ecobank, Enterprise Bank, FCMB, Fidelity Bank, First Bank, GTB, Heritage Bank, Jaiz Bank, Keystone Bank, Mainstreet Bank, Skye Bank, Stanbic, Standard Chartered Bank, Sterling Bank, UBA, Union Bank, Unity Bank, WEMA Bank, Zenith Bank and many more!
Airtime top-up on Airtel, 9mobile (formerly Etisalat), GLO, MTN, and Visafone
Fee Lower fees than banks
Minimum transfer amount $1
Speed Instant transfer

PROS

Lower fees than banks

Convenient to send money to Nigeria online transaction makes it easier to send money

A good feature of WorldRemit is that they will send your recipient an SMS message when the transfer is initiated and give them the transaction number. You will receive a similar SMS once your beneficiary has collected the cash

CONS

Low maximum transfer amount

How to send money to Nigeria ?

1. Select bank deposit or airtime top-up.

2. Enter the amount.

3. See low fees and exchange rate.

4. Enter your recipient's details.

5. Choose from a list of people you’ve sent to in the past, or add a new recipient.

6. Pay for the transfer.

7. Both you and the recipient will get notifications by SMS and email when the money is sent and received.

2. Ria Money Transfer

Necessary money transfer information while send money to Nigeria using Ria Money Transfer -

Transfer Type Online
Pay-In Methods
Bank Account
Credit Card
Debit Card
Pay-Out Methods
Bank Deposit
Fee Lower fee than banks
Minimum Transfer Amount $2
Maximum Transfer Amount $499
Speed 3-5 days

PROS

Money sent quickly

Secure - security team works 24/7, ensuring your money transfer to Nigeria stays in the right hands

CONS

Low maximum transfer limit

How to send money to Nigeria ?

1. Select a recipient.

2. Select Bank deposit.

3. Enter your recipient’s full name and address.

Necessary money transfer information while send money to Nigeria using Xoom -

Transfer Type Online
Pay-In Methods
Bank Account
Credit Card
Debit Card
Pay-Out Methods Bank
Fee $4.99 fee when sending with Bank Account and different fee apply for other two methods
Minimum Transfer Amount $10
Maximum Transfer Amount $5000
Speed Instant

PROS

128-bit data security encryption

Work with major banks and leading retailers worldwide to help you transfer money directly to a bank account

Uses a VeriSign SSL Certificate to secure your information for transmission over the Internet

Money-back guarantee

24/7 customer service

CONS

Not worldwide. There are other money transfer providers that service larger international networks than Xoom.

How to send money to Nigeria ?

To deposit money into your recipient’s Nigerian naira account, you’ll need to have their:

1. Bank name.

2. Account number.

3. Full name as it appears on their bank account or official ID.

4. Full address.

5. Phone number, including the area code.

4. Worldfirst

Necessary money transfer information while send money to Nigeria using Worldfirst -

Transfer Type Online
Pay-In Methods Bank Account
Pay-Out Methods Bank Account
Speed 1 days

PROS

Transparent fee structure

Higher exchange rates than local banks

CONS

High minimum transfers

Two step process

How to send money to Nigeria ?

1. Create a personal account.

2. Complete your personal information.

3. Choose your receiver country and currency.

4. Provide your passport information.

5. Login with your username and password.

6. Answer two security questions

7. Complete all fields regarding your recipient's detail

5. Money2Anywhere

Necessary money transfer information while send money to Nigeria using Money2Anywhere -

Transfer Type Online
Pay-In Methods Bank Account
Pay-Out Methods
Bank Account
Cash Pickup
Fee Fees vary according to sending amount
Minimum Transfer Amount $1
Maximum Transfer Amount $5000
Speed 3-5 days

PROS

Best exchange rates

Multiple payment options

Safe and secure

CONS

Transfers for certain countries can be expensive

6. Western Union

Necessary money transfer information while send money to Nigeria using Western Union -

Transfer Type
Online
At agent locations
Mobile apps
Pay-In Methods
Bank account
Credit/debit card
Pay With Cash
Pay-Out Methods
Bank
Cash
Fee Different fee while sending with different sending methods
Speed 3-5 days

PROS

More than 1500 agent locations in Nigeria

Convenient for receiver to pick up money

4-star rated mobile apps

It makes easy to send money

Reliable service and experience

CONS

Low maximum transfer amount

How to send money to Nigeria ?

1. Visit a Western union agent location.

2. Complete form.

3. Present ID and Payment to the agent clerk.

4. Collect receipt.

5. Receiver picks up money.

7. Transfast

Necessary money transfer information while send money to Nigeria using Transfast -

Transfer Type Online
Pay-In Methods
Bank
Debit card
Pay-Out Methods Bank Account
Fee $0 fee when sending money using bank account
Minimum Transfer Amount $50
Maximum Transfer Amount $2500
Speed 3-5 business days

PROS

Security

Convenience

Money back guarantee

CONS

Limited Receiver countries

How to send money to Nigeria ?

1. Select Your recipient country.

2. Enter your sending amount.

3. Fill details about your recipient.

4. Select how your recipient want to receive money.

5. Enter your Bank, Debit card payment info.

6. Review the details.

7. Send your transaction.