Best companies for AUD/NGN transfers
10 of 10 providers Last updated on 10 November 2026
Based on 2,000 AUD transfer Best companies for AUD/NGN transfers Sort Cheapest
Ad Wise Pay via Bank Transfer	Fees: $11.60 1 AUD = 955.7880 NGN -2.49% vs mid-market	Recipient gets ₦1,900,488.86 Within minutes
25 reviews Receive to bank accountDedicated support for large transfers
Ways to receive money in Nigeria with Wise when paying by bank transfer. MethodFee & ratesRecipient gets Bank depositWithin minutesAvailable via:Bank Transfer $11.601 AUD = 955.7880 NGN ₦1,900,488.86You pay$2,000.00
Ad Xe Pay via Debit Card	Fees: $0.00 1 AUD = 943.0986 NGN -1.15% vs mid-market	Recipient gets ₦1,886,197.20 6-12 Hours
4 reviews Receive to bank accountDedicated support for larger transactions
Ways to receive money in Nigeria with Xe when paying by debit card. MethodFee & ratesRecipient gets Bank deposit6-12 Hours Free1 AUD = 943.0986 NGN ₦1,886,197.20You pay$2,000.00
Run a live search Showing top Australia to Nigeria deals for 2,000 AUD. Do a live search with your exact amount for today's best rates.
Run a live search Showing companies that send from a business account. Run a business search to get live AUD to NGN rates.
Run a live search These companies offer multi-currency accounts for spending NGN. We suggest doing a live search based on how much AUD you're planning to spend in Nigeria.
Run a live search These are managed services with real human support for large AUD transfers. Click the link and update the transfer amount to get the best deal.
Africhange Pay via Bank Transfer	Fees: $1.10 1 AUD = 960.0000 NGN -2.93% vs mid-market	Recipient gets ₦1,920,000.00 Minutes
0 reviews Cheapest Receive to bank account or debit card
Ways to receive money in Nigeria with Africhange when paying by bank transfer. MethodFee & ratesRecipient gets Bank depositMinutes $1.101 AUD = 960.0000 NGN ₦1,920,000.00You pay$2,001.10
TapTap Send Pay via Debit Card	Fees: $0.00 1 AUD = 951.0000 NGN -1.98% vs mid-market	Recipient gets ₦1,902,000.00 Minutes
2 reviews Receive to bank account
Ways to receive money in Nigeria with TapTap Send when paying by debit card. MethodFee & ratesRecipient gets Bank depositMinutes Free1 AUD = 951.0000 NGN ₦1,902,000.00You pay$2,000.00 Mobile moneyMinutesAvailable via:FairMoney, Kuda Bank, OPay, PalmPay Free1 AUD = 951.0000 NGN ₦1,902,000.00You pay$2,000.00
Wise Pay via Bank Transfer	Fees: $11.60 1 AUD = 955.7880 NGN -2.49% vs mid-market	Recipient gets ₦1,900,488.86 Within minutes
25 reviews Our top pick Receive to bank accountDedicated support for large transfers
Ways to receive money in Nigeria with Wise when paying by bank transfer. MethodFee & ratesRecipient gets Bank depositWithin minutesAvailable via:Bank Transfer $11.601 AUD = 955.7880 NGN ₦1,900,488.86You pay$2,000.00

Wise Pay via Osko	Fees: $11.60 1 AUD = 955.7880 NGN -2.49% vs mid-market	Recipient gets ₦1,900,488.86 Within minutes
25 reviews Receive to bank accountDedicated support for large transfers
Ways to receive money in Nigeria with Wise when paying by osko. MethodFee & ratesRecipient gets Bank depositWithin minutesAvailable via:Bank Transfer $11.601 AUD = 955.7880 NGN ₦1,900,488.86You pay$2,000.00
Wise Pay via Debit Card	Fees: $17.12 1 AUD = 955.7880 NGN -2.49% vs mid-market	Recipient gets ₦1,895,212.91 Within minutes
25 reviews Receive to bank accountDedicated support for large transfers
Ways to receive money in Nigeria with Wise when paying by debit card. MethodFee & ratesRecipient gets Bank depositWithin minutesAvailable via:Bank Transfer $17.121 AUD = 955.7880 NGN ₦1,895,212.91You pay$2,000.00
Xe Pay via Debit Card	Fees: $0.00 1 AUD = 943.0986 NGN -1.15% vs mid-market	Recipient gets ₦1,886,197.20 6-12 Hours
4 reviews Receive to bank accountDedicated support for larger transactions
Ways to receive money in Nigeria with Xe when paying by debit card. MethodFee & ratesRecipient gets Bank deposit6-12 Hours Free1 AUD = 943.0986 NGN ₦1,886,197.20You pay$2,000.00

Xe Pay via Bank Transfer	Fees: $0.00 1 AUD = 943.0986 NGN -1.15% vs mid-market	Recipient gets ₦1,886,197.20 6-12 Hours
4 reviews Receive to bank accountDedicated support for larger transactions
Ways to receive money in Nigeria with Xe when paying by bank transfer. MethodFee & ratesRecipient gets Bank deposit6-12 Hours Free1 AUD = 943.0986 NGN ₦1,886,197.20You pay$2,000.00
Xe Pay via Credit Card	Fees: $0.00 1 AUD = 943.0986 NGN -1.15% vs mid-market	Recipient gets ₦1,886,197.20 6-12 Hours
4 reviews Receive to bank accountDedicated support for larger transactions
Ways to receive money in Nigeria with Xe when paying by credit card. MethodFee & ratesRecipient gets Bank deposit6-12 Hours Free1 AUD = 943.0986 NGN ₦1,886,197.20You pay$2,000.00
Wise Pay via Credit Card	Fees: $30.60 1 AUD = 955.7880 NGN -2.49% vs mid-market	Recipient gets ₦1,882,328.89 Within minutes
25 reviews Receive to bank accountDedicated support for large transfers
Ways to receive money in Nigeria with Wise when paying by credit card. MethodFee & ratesRecipient gets Bank depositWithin minutesAvailable via:Bank Transfer $30.601 AUD = 955.7880 NGN ₦1,882,328.89You pay$2,000.00
Ria Money Transfer Pay via Credit Card	Fees: $2.89 1 AUD = 941.6761 NGN -1.00% vs mid-market	Recipient gets ₦1,880,630.76 6-12 Hours
0 reviews
Ways to receive money in Nigeria with Ria Money Transfer when paying by credit card. MethodFee & ratesRecipient gets Bank deposit6-12 Hours $2.891 AUD = 941.6761 NGN ₦1,880,630.76You pay$2,000.00 Mobile wallet6-12 Hours $2.891 AUD = 941.6761 NGN ₦1,880,630.76You pay$2,000.00 Cash pickup6-12 Hours $2.891 AUD = 919.6696 NGN ₦1,836,681.35You pay$2,000.00

Ria Money Transfer Pay via Debit Card	Fees: $2.89 1 AUD = 941.6761 NGN -1.00% vs mid-market	Recipient gets ₦1,880,630.76 6-12 Hours
0 reviews
Ways to receive money in Nigeria with Ria Money Transfer when paying by debit card. MethodFee & ratesRecipient gets Bank deposit6-12 Hours $2.891 AUD = 941.6761 NGN ₦1,880,630.76You pay$2,000.00 Mobile wallet6-12 Hours $2.891 AUD = 941.6761 NGN ₦1,880,630.76You pay$2,000.00 Cash pickup6-12 Hours $2.891 AUD = 919.6696 NGN ₦1,836,681.35You pay$2,000.00
Ria Money Transfer Pay via PayID	Fees: $2.89 1 AUD = 941.6761 NGN -1.00% vs mid-market	Recipient gets ₦1,880,630.76 6-12 Hours
0 reviews
Ways to receive money in Nigeria with Ria Money Transfer when paying by payid. MethodFee & ratesRecipient gets Bank deposit6-12 Hours $2.891 AUD = 941.6761 NGN ₦1,880,630.76You pay$2,000.00 Mobile wallet6-12 Hours $2.891 AUD = 941.6761 NGN ₦1,880,630.76You pay$2,000.00 Cash pickup6-12 Hours $2.891 AUD = 919.6696 NGN ₦1,836,681.35You pay$2,000.00
Remitly Pay via Debit Card	Fees: $0.00 1 AUD = 940.1400 NGN -0.83% vs mid-market	Recipient gets ₦1,880,280.00 Within minutes
19 reviews Receive to bank account or cash pickup
Ways to receive money in Nigeria with Remitly when paying by debit card. MethodFee & ratesRecipient gets Bank depositWithin minutes Free1 AUD = 940.1400 NGN ₦1,880,280.00You pay$2,000.00

Remitly Pay via Credit Card	Fees: $0.00 1 AUD = 940.1400 NGN -0.83% vs mid-market	Recipient gets ₦1,880,280.00 Within minutes
19 reviews Receive to bank account or cash pickup
Ways to receive money in Nigeria with Remitly when paying by credit card. MethodFee & ratesRecipient gets Bank depositWithin minutes Free1 AUD = 940.1400 NGN ₦1,880,280.00You pay$2,000.00
Remitly Pay via Bank Transfer	Fees: $0.00 1 AUD = 940.1400 NGN -0.83% vs mid-market	Recipient gets ₦1,880,280.00 Within minutes
19 reviews Receive to bank account or cash pickup
Ways to receive money in Nigeria with Remitly when paying by bank transfer. MethodFee & ratesRecipient gets Bank depositWithin minutes Free1 AUD = 940.1400 NGN ₦1,880,280.00You pay$2,000.00
Remitly Pay via PayTo	Fees: $0.00 1 AUD = 940.1400 NGN -0.83% vs mid-market	Recipient gets ₦1,880,280.00 Within minutes
19 reviews Receive to bank account or cash pickup
Ways to receive money in Nigeria with Remitly when paying by payto. MethodFee & ratesRecipient gets Bank depositWithin minutes Free1 AUD = 940.1400 NGN ₦1,880,280.00You pay$2,000.00
$0 fee on first online transfers MoneyGram Pay via Debit Card	Fees: $2.99 1 AUD = 933.8996 NGN -0.17% vs mid-market	Recipient gets ₦1,867,799.20 6-12 Hours
2 reviews
Ways to receive money in Nigeria with MoneyGram when paying by debit card. MethodFee & ratesRecipient gets Bank deposit6-12 HoursAvailable via:All Banks $2.991 AUD = 933.8996 NGN ₦1,867,799.20You pay$2,002.99 Cash pickup6-12 Hours $3.991 AUD = 910.7305 NGN ₦1,821,461.00You pay$2,003.99 Mobile money6-12 HoursAvailable via:SmartCash/Airtel Free1 AUD = 859.7139 NGN ₦1,719,427.80You pay$2,000.00

$0 fee on first online transfers MoneyGram Pay via POLi	Fees: $2.99 1 AUD = 933.8996 NGN -0.17% vs mid-market	Recipient gets ₦1,867,799.20 6-12 Hours
2 reviews
Ways to receive money in Nigeria with MoneyGram when paying by poli. MethodFee & ratesRecipient gets Bank deposit6-12 HoursAvailable via:All Banks $2.991 AUD = 933.8996 NGN ₦1,867,799.20You pay$2,002.99 Cash pickup6-12 Hours $3.991 AUD = 910.7305 NGN ₦1,821,461.00You pay$2,003.99 Mobile money6-12 HoursAvailable via:SmartCash/Airtel Free1 AUD = 859.7139 NGN ₦1,719,427.80You pay$2,000.00
$0 fee on first online transfers MoneyGram Pay via Credit Card	Fees: $2.99 1 AUD = 933.8996 NGN -0.17% vs mid-market	Recipient gets ₦1,867,799.20 6-12 Hours
2 reviews
Ways to receive money in Nigeria with MoneyGram when paying by credit card. MethodFee & ratesRecipient gets Bank deposit6-12 HoursAvailable via:All Banks $2.991 AUD = 933.8996 NGN ₦1,867,799.20You pay$2,002.99 Cash pickup6-12 Hours $3.991 AUD = 910.7305 NGN ₦1,821,461.00You pay$2,003.99 Mobile money6-12 HoursAvailable via:SmartCash/Airtel Free1 AUD = 859.7139 NGN ₦1,719,427.80You pay$2,000.00
Instarem Pay via PayID	Fees: $0.00 1 AUD = 931.8626 NGN +0.05% vs mid-market	Recipient gets ₦1,863,725.20 6-12 Hours
7 reviews Receive to bank account
Ways to receive money in Nigeria with Instarem when paying by payid. MethodFee & ratesRecipient gets Bank deposit6-12 Hours Free1 AUD = 931.8626 NGN ₦1,863,725.20You pay$2,000.00

Instarem Pay via Bank Transfer	Fees: $0.00 1 AUD = 931.8626 NGN +0.05% vs mid-market	Recipient gets ₦1,863,725.20 6-12 Hours
7 reviews Receive to bank account
Ways to receive money in Nigeria with Instarem when paying by bank transfer. MethodFee & ratesRecipient gets Bank deposit6-12 Hours Free1 AUD = 931.8626 NGN ₦1,863,725.20You pay$2,000.00
Western Union Pay via Debit Card	Fees: $0.00 1 AUD = 927.6110 NGN +0.51% vs mid-market	Recipient gets ₦1,855,222.10 Next Day
8 reviews Receive to bank account or cash pickup
Ways to receive money in Nigeria with Western Union when paying by debit card. MethodFee & ratesRecipient gets Bank depositNext Day Free1 AUD = 927.6110 NGN ₦1,855,222.10You pay$2,000.00

Western Union Pay via Bank Transfer	Fees: $0.00 1 AUD = 927.6110 NGN +0.51% vs mid-market	Recipient gets ₦1,855,222.10 Next Day
8 reviews Receive to bank account or cash pickup
Ways to receive money in Nigeria with Western Union when paying by bank transfer. MethodFee & ratesRecipient gets Bank depositNext Day Free1 AUD = 927.6110 NGN ₦1,855,222.10You pay$2,000.00
Instarem Pay via Debit Card	Fees: $12.00 1 AUD = 931.8626 NGN +0.05% vs mid-market	Recipient gets ₦1,852,542.85 6-12 Hours
7 reviews Receive to bank account
Ways to receive money in Nigeria with Instarem when paying by debit card. MethodFee & ratesRecipient gets Bank deposit6-12 Hours $12.001 AUD = 931.8626 NGN ₦1,852,542.85You pay$2,000.00

Instarem Pay via Credit Card	Fees: $12.00 1 AUD = 931.8626 NGN +0.05% vs mid-market	Recipient gets ₦1,852,542.85 6-12 Hours
7 reviews Receive to bank account
Ways to receive money in Nigeria with Instarem when paying by credit card. MethodFee & ratesRecipient gets Bank deposit6-12 Hours $12.001 AUD = 931.8626 NGN ₦1,852,542.85You pay$2,000.00
Pricing based on Revolut Standard plan Revolut Pay via Bank Transfer	Fees: $3.00 1 AUD = 925.0736 NGN +0.78% vs mid-market	Recipient gets ₦1,847,371.95 Within minutes
10 reviews Fastest Receive to bank account
Ways to receive money in Nigeria with Revolut when paying by bank transfer. MethodFee & ratesRecipient gets Bank depositWithin minutes $3.001 AUD = 925.0736 NGN ₦1,847,371.95You pay$2,000.00
US Disclaimer: Revolut is not a bank. Banking services are provided by Lead Bank, Member FDIC. Fees may apply. See revolut.com/en-US / for details.
How Our Results Work Mid-market rate: 1 AUD = 932.3232 NGN Updates every 60 minutes.

Why compare

AUD/NGN exchange rate

Best ways to pay & receive

Transfer speed

How to send money from Australia to Nigeria

Pick a company

Start with the cheapest, which is Africhange at 1,920,000 NGN on A$2,000.

Africhange was the cheapest on 14 of the 24 days it quoted A$2,000 transfers to Nigeria.

Funding is quick whoever you pick, so the choice comes down to the rate and how your recipient collects it.

Fund your transfer

You have 7 ways to pay, including debit card, bank transfer, credit card, PayID, osko, PayTo, and POLi.

PayID and Osko move money to the company in seconds at no cost, and PayID shows you the account name before you confirm.

Watch your bank's daily limit on anything large.

Verify and send

First time round you'll need a photo ID, usually a licence or a passport.

A passport and visa are enough if you’re new (you don’t need an Australian credit history).

Compare amounts

How much AUD are you sending to Nigeria?

How much AUD you send to Nigeria heavily affects the best ways and the cheapest options. Use the table below to check how the cheapest options change and how much more you'd get by comparing.

Our analysis shows Africhange was the cheapest in 54% of the transfers up to A$2,000 it quoted, and in 58% of all the transfers it quoted.


$1,000	-2.87%	$1.10	₦960,000.00with bank transfer to bank deposit	+₦18,561.86
$1,100	-2.91%	$1.10	₦1,056,000.00with bank transfer to bank deposit	+₦22,791.41
$1,500	-2.87%	$1.10	₦1,440,000.00with bank transfer to bank deposit	+₦28,290.48
$2,000This page	-2.93%	$1.10	₦1,920,000.00with bank transfer to bank deposit	+₦42,466.41
$3,000	-2.99%	$1.10	₦2,880,000.00with bank transfer to bank deposit	+₦61,368.41
$7,500	-2.90%	$1.10	₦7,200,000.00with bank transfer to bank deposit	+₦136,804.12
$12,000	-2.89%	$1.10	₦11,520,000.00with bank transfer to bank deposit	+₦220,244.47
$15,000	-2.89%	$1.10	₦14,400,000.00with bank transfer to bank deposit	+₦275,398.10
$50,000	-2.87%	$1.10	₦48,000,000.00with bank transfer to bank deposit	+₦940,976.33
$100,000	-2.90%	$1.10	₦96,000,000.00with bank transfer to bank deposit	+₦2,085,786.05
$250,000	-2.90%	$1.10	₦240,000,000.00with bank transfer to bank deposit	+₦5,204,491.22
$500,000	-3.00%	$1.10	₦480,000,000.00with bank transfer to bank deposit	+₦9,329,242.99

Mid-market rate: 1 AUD = 932.3232 NGN

AUD/NGN Exchange Rate History

Is today a good time to send money from Australia to Nigeria?

The cheapest way to send AUD to NGN can change every day, or stay with the same company all month.

We've compared the mid-market rate with the cheapest option each day (today it's Africhange), across 30 days of comparisons for 2,000 AUD transfers to Nigeria.

Each line shows what the recipient gets when you send $2,000, after fees, as quoted by each company. The mid-market line shows what $2,000 converts to at the real exchange rate, with no fees or markup. Rates are checked once a day. Sponsored placements never affect this data. There are no bank quotes for this period.

The dashed line is what you'd get at the mid-market rate with no fees, and the blue line is the cheapest option that day.

When the blue line goes above the dashed one, you're getting more NGN per AUD than the mid-market rate can offer.

This could be due to money transfer offers, FX rate adjustments, or market competitiveness.

In the past month, a money transfer company beat the mid-market rate on 30 of the last 30 days.

Right now, Africhange pays 1,920,000 NGN on 2,000 AUD, which is 55,353.52 NGN more than the mid-market amount, so it's a good deal (pretty much free money).

Today's payout isn't the best this month though, since the highest receive amount was 1,940,000 NGN.

If you can wait and want to get the most out of your transfer, create a rate alert and we'll let you know when the rate improves.

If you need to send money now, it's a good time to send.

Ways to send money from Australia to Nigeria

10 money transfer companies let you send money from Australia to Nigeria.

Cheapest for most transfers

Online transfers

Sending money online with a “self-service” provider is usually the cheapest way to send money to Nigeria.

For example, sending A$2,000 with Africhange will get you 1,920,000 NGN after a A$1.10 fee and -2.93% markup.

In our comparisons over the past month, it was the cheapest online service on 22 of the 24 days it quoted.

To speed up the transfer, use PayID or bank transfer, this will ensure your money is withdrawn instantly from your AU bank account.

Plus, PayID shows the registered payee name, which gives you an extra check against the details you entered.

For regular transfers home

Money transfer apps

An app suits the transfer you make over and over to the same recipient, similar amount, every payday or so.

Africhange takes A$1.10 in fees and -2.93% markup on a A$2,000 transfer, and your NGN arrives in minutes.

Over the past month, Africhange was the cheapest app on 58% of the days it appeared for A$2,000 transfers.

Signing up is quick even if you're new to Australia.

A passport and visa are enough for most money transfer apps, and no local credit history is needed.

For large AUD transfers

Currency brokers

Money transfer brokers are best for large transfers, like buying property, moving abroad, or paying student fees.

On transfers of $10,000 or more, a broker like Xe drops the fee entirely and works on margin instead.

With Xe you get -1.15% on AUD/NGN, and it gets lower the more you send.

You also get an account manager for the whole thing.

Our analysis shows Xe was the cheapest broker in 100% of all the transfers it quoted.

For overseas business payments

Business accounts

Global accounts like Airwallex are great for paying suppliers, contractors or staff in NGN, handling invoices, batch payments, and more.

For receiving and spending

Multi-currency accounts

Multi-currency accounts let you hold AUD and NGN in one account, and convert when the rate suits you.

Wise converts A$2,000 at -2.49% markup, and the NGN sits in your account until you spend or transfer it.

Over the past month, it came out cheapest among multi-currency accounts on 100% of days.

Most useful if you travel often to Nigeria, split your life between two countries, or receive money from abroad.

We also created a guide going into more detail about multi currency accounts.

Ways to fund AUD and receive money in Nigeria

With Africhange, paying by bank transfer and receiving through a bank deposit is the cheapest combination. Sending A$2,000 gives your recipient 1,920,000 NGN.

You can fund the transfer with debit card, bank transfer, credit card, PayID, osko, PayTo, and POLi.

You can pay with PayID

Use the PayID supplied by the company and confirm the recipient name shown by your Australian bank before approving the payment.

Recipients in Nigeria can collect NGN through bank deposit, cash pickup, mobile money, and mobile wallet.

Your recipient can have NGN delivered to a mobile wallet, without a bank account.

Use our payout filters above to find the cheapest company offering mobile wallet withdrawals.

Receive NGN in a mobile money

Use the mobile number registered to the recipient's mobile money account. A wrong digit can send the money to a different account.

They can collect cash via Ria Money Transfer

For cash collection, the recipient should take a photo ID and the transfer reference to a participating location in Nigeria.

1

Bank transfer Bank deposit

You pay A$2,001.10

₦1,920,000

Cheapest
2

Debit card Bank deposit

You pay A$2,000.00

₦1,902,000

-₦18,000
3

Debit card Mobile money

You pay A$2,000.00

₦1,902,000

-₦18,000
4

Osko Bank deposit

You pay A$2,000.00

₦1,900,489

-₦19,511
5

Credit card Bank deposit

You pay A$2,000.00

₦1,886,197

-₦33,803

Show moreShow less

6

Debit card Mobile wallet

You pay A$2,000.00

₦1,880,631

-₦39,369
7

Credit card Mobile wallet

You pay A$2,000.00

₦1,880,631

-₦39,369
8

PayID Bank deposit

You pay A$2,000.00

₦1,880,631

-₦39,369
9

PayID Mobile wallet

You pay A$2,000.00

₦1,880,631

-₦39,369
10

PayTo Bank deposit

You pay A$2,000.00

₦1,880,280

-₦39,720
11

POLi Bank deposit

You pay A$2,002.99

₦1,867,799

-₦52,201
12

Debit card Cash pickup

You pay A$2,000.00

₦1,836,681

-₦83,319
13

Credit card Cash pickup

You pay A$2,000.00

₦1,836,681

-₦83,319
14

PayID Cash pickup

You pay A$2,000.00

₦1,836,681

-₦83,319
15

POLi Cash pickup

You pay A$2,003.99

₦1,821,461

-₦98,539
16

Credit card Mobile money

You pay A$2,000.00

₦1,719,428

-₦200,572
17

POLi Mobile money

You pay A$2,000.00

₦1,719,428

-₦200,572

Consider this before sending AUD to Nigeria

Every international transfer is reportable by the company handling it, but that is not a tax or a form you normally file yourself. PayID can fund the transfer, while the overseas leg still needs a transfer provider.

Compare AUD/NGN transfer options

For a A$2,000 transfer to Nigeria, these are the best options right now:

Cheapest

Africhange is cheapest when funded by bank transfer with bank deposit for the payout. Your recipient gets 1,920,000 NGN, which is 0.94% more than the next best option.

Fastest

Revolut delivers 1,847,371.95 NGN in within minutes when you use bank transfer and choose bank deposit as payout.

If you need money urgently, we've put together a guide on instant money transfers.

PayID is domestic only

PayID and Osko move Australian dollars between local accounts.

When a money transfer company accepts PayID, it collects the AUD in Australia and then handles the conversion and payout in Nigeria.

Confirm the registered business name shown by your bank before approving the PayID payment.

AUSTRAC reporting

The bank or remittance company reports international transfer instructions to AUSTRAC.

This applies to international transfers generally, rather than only those above A$10,000.

You do not normally submit the international transfer report yourself.

A separate threshold report applies when a transaction involves A$10,000 or more in physical cash.

Large or unusual transfers can still trigger source-of-funds checks. Keep the sale agreement, invoice or bank statement that explains the payment ready.

Cash gifts can affect Centrelink payments

Australia does not generally tax a genuine cash gift simply because you send it to family in Nigeria.

Gifting money can still affect income-tested or asset-tested Centrelink payments.

Services Australia can continue assessing gifts above its gifting free areas under the income and assets tests.

If you or your partner receive a relevant payment, check the gifting rules before sending a large amount.

Bank protection in Australia

The Financial Claims Scheme protects eligible Australian-dollar deposits with an Australian-incorporated ADI, up to A$250,000 per account holder per ADI.

It does not automatically cover money held by a non-bank transfer company.

In case of issues, if a complaint is not resolved, the Australian Financial Complaints Authority is the free external dispute service for member financial firms.

How we analyse the market

We track 10 companies sending AUD to Nigeria, all holding an Australian licence, with rates refreshed in real time when running a live search.

In the past 30 days alone, we analysed 358 comparisons across 12 amounts.

This page covers the cheapest and fastest options for AUD/NGN transfers. This is how we pick them:

Cheapest: the company that gets your recipient the most, after fees and the exchange rate. On a tie, live pricing from the company takes priority over the rates we collect by hand.
Fastest: the company with the shortest estimated delivery time once you’ve paid. On a tie, the one that pays out more takes priority.

Fees, exchange rates and the pay-in and payout options all get compared, and each company goes through our review before it appears.

More on who we are, why you can trust us and getting started.

Any tax information is for general guidance only and does not constitute tax advice. Speak to a qualified tax adviser about your circumstances.

Send money from Australia

Send money to Nigeria

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Mon, 12 Oct 2026	Exchange rate	Fees:	Recipient gets	Difference
Mid-market rate	928.6521	–	₦1,857,304.16
Ria Money Transfer Cheapest	960.1974	$2.89	₦1,917,619.83	+₦60,315.67
TapTap Send	952.0000	$0.00	₦1,904,000.00	+₦46,695.84
Wise	951.1640	$11.60	₦1,891,294.50	+₦33,990.34
Africhange No quote collected this day	–	–	–	–

Tue, 13 Oct 2026	Exchange rate	Fees:	Recipient gets	Difference
Mid-market rate	925.8555	–	₦1,851,711.06
Africhange	952.0000	$1.10	₦1,904,000.00	+₦52,288.94
TapTap Send Cheapest	952.0000	$0.00	₦1,904,000.00	+₦52,288.94
Wise	949.6880	$11.60	₦1,888,359.62	+₦36,648.56

Wed, 14 Oct 2026	Exchange rate	Fees:	Recipient gets	Difference
Mid-market rate	930.2677	–	₦1,860,535.48
TapTap Send Cheapest	952.0000	$0.00	₦1,904,000.00	+₦43,464.52
Wise	953.3690	$11.60	₦1,895,678.92	+₦35,143.44
Africhange No quote collected this day	–	–	–	–

Thu, 15 Oct 2026	Exchange rate	Fees:	Recipient gets	Difference
Mid-market rate	924.3670	–	₦1,848,733.99
TapTap Send Cheapest	955.0000	$0.00	₦1,910,000.00	+₦61,266.01
Africhange	952.0000	$1.10	₦1,904,000.00	+₦55,266.01
Wise	945.2410	$11.60	₦1,879,517.20	+₦30,783.21

Fri, 16 Oct 2026	Exchange rate	Fees:	Recipient gets	Difference
Mid-market rate	923.9364	–	₦1,847,872.83
TapTap Send Cheapest	957.0000	$0.00	₦1,914,000.00	+₦66,127.17
Africhange	952.0000	$1.10	₦1,904,000.00	+₦56,127.17
Wise	943.0370	$11.60	₦1,875,134.77	+₦27,261.94

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