💚 Wise for sending money to Nigeria
Wise (formerly TransferWise) uses the real mid-market exchange rate with zero markup. You pay only a transparent flat fee + small percentage. No hidden costs. Multi-currency account lets you hold 40+ currencies. The gold standard for transparency.
USD fee: $2.40Markup: 0.50%Minutes-24hrs⭐ 4.4 Trustpilot
💸 How much naira will your family receive?
Compare 10 platforms — see which delivers the most naira.
1.💚
Wise
Fee $2.40 · Rate ₦1,398.5 · Minutes-24hrs
₦696,015
BEST RATE
2.🟣
LemFi
Fee $0.00 · Rate ₦1,392 · Minutes
₦696,000
3.🌍
Afriex
Fee $0.00 · Rate ₦1,390 · <20 seconds
₦695,000
4.⚫
Grey.co
Fee $1.50 · Rate ₦1,394 · Minutes
₦694,510
5.🟡
Chipper Cash
Fee $0.00 · Rate ₦1,386 · Minutes
₦693,000
6.🔵
Remitly
Fee $3.99 · Rate ₦1,388 · Minutes (Express)
₦688,168
7.🟢
WorldRemit
Fee $3.99 · Rate ₦1,385 · Minutes-1 day
₦686,716
8.🔴
MoneyGram
Fee $4.99 · Rate ₦1,378 · 1-2 days
₦682,110
9.🟠
Western Union
Fee $7.99 · Rate ₦1,380 · 1-3 days
₦679,240
💡 Choosing Wise over Western Union delivers ₦16,775 more.
Over 12 monthly transfers: ₦201,300 saved — about 1 months of Yaba rent.
Rates marked “EST” are computed from each provider's typical fee structure and an approximate mid-market rate. Always confirm the live quote in the provider's app before sending.
✓ Pros
- Mid-market rate — zero markup
- Most transparent fee structure
- Multi-currency wallet (40+ currencies)
- Fastest for large transfers
- 14.8M+ users globally
✗ Cons
- No cash pickup option
- No mobile wallet delivery to Nigeria
- Slightly higher fee on small amounts (<$200)
- Account closures reported for compliance reasons
Compare with other providers
See how Wise stacks up against the rest
| Provider | USD fee | Markup | Total cost* | Speed | Delivery | Rating |
|---|---|---|---|---|---|---|
💚Wise Best overall — most transparent, cheapest for large transfers. | $2.40 | 0.50% | 0.98% | Minutes-24hrs | Bank | ⭐ 4.4 Trustpilot |
🟣LemFi Zero flat fee — best for frequent small transfers. | $0.00 | 0.80% | 0.80% | Minutes | BankWallet | ⭐ 4.5 Trustpilot |
🔵Remitly Best first-time offer — promotional rate beats everyone else on transfer #1. | $3.99 | 1.50% | 2.30% | Minutes (Express) | Bank | ⭐ 4.6 Trustpilot |
🟢WorldRemit Best for cash pickup and airtime — most delivery options. | $3.99 | 1.00% | 1.80% | Minutes-1 day | BankWalletCashAirtime | ⭐ 3.8 Trustpilot |
⚫Grey.co Best for Nigerian remote workers — virtual USD/GBP accounts. | $1.50 | 0.60% | 0.90% | Minutes | Bank | ⭐ 4.3 Trustpilot |
🟡Chipper Cash Best for P2P within Africa — zero fee between Chipper users. | $0.00 | 1.00% | 1.00% | Minutes | BankWallet | ⭐ 3.8 Trustpilot |
🟠Western Union Largest cash pickup network — best for recipients without bank accounts. | $7.99 | 2.00% | 3.60% | 1-3 days | BankCash | ⭐ 3.5 Trustpilot |
🔴MoneyGram Second-largest cash network — Walmart partnership in the US. | $4.99 | 1.50% | 2.50% | 1-2 days | BankCash | ⭐ 3.6 Trustpilot |
🌍Afriex Fastest — under 20 seconds. Virtual USD accounts for freelancers. | $0.00 | 0.50% | 0.50% | Under 20 seconds | Bank | ⭐ 4.2 Trustpilot |
💜OPay Best for receiving into mobile wallet — no bank account needed. | — | 0.50% | — | Instant | BankWallet | ⭐ 4.0 Trustpilot |
* Total cost on a $500 USD transfer = flat fee % + exchange-rate markup. Excludes bonus-rate first-transfer promotions.