How to send money to Nigeria from Switzerland with the best CHF-NGN rate

The cheapest option overall is Xe, giving your recipient 9’998’861.40 NGN when you send CHF 6’000.

Below we’ve compared 4 ways to send money from Switzerland to Nigeria.

Best companies for CHF/NGN transfers

4 of 4 providers

Last updated on 10 November 2026

Based on 6,000 CHF transfer

Best companies for CHF/NGN transfers

Sort Cheapest
Promoted

Wise

Pay via Bank transfer
Fee CHF 28.18 1 CHF = 1688.4800 NGN -2.61% vs mid-market Recipient gets ₦ 10'083'298.63 Within minutes
Multi-currency cardReceive 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
CHF 28.181 CHF = 1688.4800 NGN
₦ 10'083'298.63You payCHF 6'000.00
Promoted

Xe

Pay via Bank transfer
Fee CHF 0.00 1 CHF = 1666.4769 NGN -1.30% vs mid-market Recipient gets ₦ 9'998'861.40 Minutes - 24 hours
Personal account managerReceive to bank accountDedicated support for larger transactions

Ways to receive money in Nigeria with Xe when paying by bank transfer.

MethodFee & ratesRecipient gets
Bank depositMinutes - 24 hours
Free1 CHF = 1666.4769 NGN
₦ 9'998'861.40You payCHF 6'000.00

Run a live search

Showing top Switzerland to Nigeria deals for 6,000 CHF. Do a live search with your exact amount for today's best rates.

Wise

Pay via Bank transfer
Fee CHF 28.18 1 CHF = 1688.4800 NGN -2.61% vs mid-market Recipient gets ₦ 10'083'298.63 Within minutes
CheapestOur top pick
Multi-currency cardReceive 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
CHF 28.181 CHF = 1688.4800 NGN
₦ 10'083'298.63You payCHF 6'000.00

Xe

Pay via Bank transfer
Fee CHF 0.00 1 CHF = 1666.4769 NGN -1.30% vs mid-market Recipient gets ₦ 9'998'861.40 Minutes - 24 hours
Personal account managerReceive to bank accountDedicated support for larger transactions

Ways to receive money in Nigeria with Xe when paying by bank transfer.

MethodFee & ratesRecipient gets
Bank depositMinutes - 24 hours
Free1 CHF = 1666.4769 NGN
₦ 9'998'861.40You payCHF 6'000.00

Xe

Pay via Debit card
Fee CHF 36.00 1 CHF = 1666.4769 NGN -1.30% vs mid-market Recipient gets ₦ 9'938'868.23 Minutes - 24 hours
Personal account managerReceive to bank accountDedicated support for larger transactions

Ways to receive money in Nigeria with Xe when paying by debit card.

MethodFee & ratesRecipient gets
Bank depositMinutes - 24 hours
CHF 36.001 CHF = 1666.4769 NGN
₦ 9'938'868.23You payCHF 6'000.00

Xe

Pay via Credit card
Fee CHF 36.00 1 CHF = 1666.4769 NGN -1.30% vs mid-market Recipient gets ₦ 9'938'868.23 Minutes - 24 hours
Personal account managerReceive to bank accountDedicated support for larger transactions

Ways to receive money in Nigeria with Xe when paying by credit card.

MethodFee & ratesRecipient gets
Bank depositMinutes - 24 hours
CHF 36.001 CHF = 1666.4769 NGN
₦ 9'938'868.23You payCHF 6'000.00
Exclusive: First Transfer Deal

Regency FX

Pay via Bank transfer
Fee CHF 0.00 1 CHF = 1640.4834 NGN +0.27% vs mid-market Recipient gets ₦ 9'842'900.19 Minutes - 24 hours
Personal account managerReceive to bank accountProfessional, personal service

Ways to receive money in Nigeria with Regency FX when paying by bank transfer.

MethodFee & ratesRecipient gets
Bank depositMinutes - 24 hours
Free1 CHF = 1640.4834 NGN
₦ 9'842'900.19You payCHF 6'000.00
Pricing based on Revolut Standard plan

Revolut

Pay via Bank transfer
Fee CHF 56.50 1 CHF = 1633.1836 NGN +0.72% vs mid-market Recipient gets ₦ 9'706'826.83 Within minutes
Fastest
Multi-currency cardReceive to bank account

Ways to receive money in Nigeria with Revolut when paying by bank transfer.

MethodFee & ratesRecipient gets
Bank depositWithin minutes
CHF 56.501 CHF = 1633.1836 NGN
₦ 9'706'826.83You payCHF 6'000.00

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 CHF = 1644.9247 NGN Updates every 60 minutes.

How to send money from Switzerland to Nigeria

Pick a company

Start with the cheapest, which is Xe at 9’998’861.40 NGN for a CHF 6’000 transfer.

Xe was the cheapest on 1 of the 29 days it quoted fr.6’000 transfers to Nigeria.

Sending the same money as an international transfer from your Swiss bank usually adds a margin to the rate on top of any fee.

Fund your transfer

You have 3 ways to pay, including bank transfer, debit card, and credit card.

TWINT won't do this, it's for paying people and shops inside Switzerland.

Verify and send

First time round you'll need a photo ID and your Swiss address.

The company may pause a first large transfer, it just means you need to submit more details to confirm it's really you.

Compare amounts

How much CHF are you sending to Nigeria?

How much CHF 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 Xe was the cheapest in 5% of the transfers from CHF 6,000 it quoted, and in 8% of all the transfers it quoted.

Cheapest service
CHF 1'000-2.62%CHF 5.79₦ 1'678'892.60with bank transfer to bank deposit+₦ 34'052.61
CHF 5'000-2.45%CHF 23.70₦ 8'383'423.32with bank transfer to bank deposit+₦ 156'181.11
CHF 6'000This page-2.61%CHF 28.18₦ 10'083'298.63with bank transfer to bank deposit+₦ 165'028.05
CHF 25'000-2.44%CHF 108.91₦ 41'928'294.37with bank transfer to bank deposit+₦ 637'849.72

Mid-market rate: 1 CHF = 1644.9247 NGN

CHF/NGN Exchange Rate History

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

The cheapest way to send CHF 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 Xe), across 30 days of comparisons for 6’000 CHF transfers to Nigeria.

NGN received for CHF 6'000, after fees

Tue, 10 Nov 2026Mid-market rate₦ 9'869'547.97 Wise ₦ 10'083'298.63Wise₦ 10'083'298.63Xe₦ 9'998'861.40Regency FX₦ 9'842'900.19

9.4M
9.6M
9.8M
10.0M
10.2M
At the mid-market rateWith the cheapest optionWiseXeRegency FX
Exchange rateFeeRecipient getsDifference
Mid-market rate 1600.6203 – ₦ 9'603'721.63
Wise Cheapest 1638.7100 CHF 28.18 ₦ 9'786'081.15 +₦ 182'359.52
Xe 1619.8071 CHF 0.00 ₦ 9'718'842.60 +₦ 115'120.97
Regency FX 1596.2986 CHF 0.00 ₦ 9'577'791.58 −₦ 25'930.05
Exchange rateFeeRecipient getsDifference
Mid-market rate 1597.1777 – ₦ 9'583'066.13
Wise Cheapest 1636.7700 CHF 28.18 ₦ 9'774'495.82 +₦ 191'429.69
Xe 1620.8213 CHF 0.00 ₦ 9'724'927.80 +₦ 141'861.67
Regency FX 1592.8653 CHF 0.00 ₦ 9'557'191.85 −₦ 25'874.28
Exchange rateFeeRecipient getsDifference
Mid-market rate 1586.7945 – ₦ 9'520'767.10
Wise Cheapest 1625.9300 CHF 28.18 ₦ 9'709'761.29 +₦ 188'994.19
Xe 1616.7194 CHF 0.00 ₦ 9'700'316.40 +₦ 179'549.30
Regency FX 1582.5102 CHF 0.00 ₦ 9'495'061.03 −₦ 25'706.07
Exchange rateFeeRecipient getsDifference
Mid-market rate 1604.4174 – ₦ 9'626'504.20
Wise Cheapest 1642.9400 CHF 28.18 ₦ 9'811'341.95 +₦ 184'837.75
Xe 1623.9078 CHF 0.00 ₦ 9'743'446.80 +₦ 116'942.60
Regency FX 1600.0854 CHF 0.00 ₦ 9'600'512.63 −₦ 25'991.57
Exchange rateFeeRecipient getsDifference
Mid-market rate 1614.2151 – ₦ 9'685'290.62
Wise Cheapest 1647.7800 CHF 28.18 ₦ 9'840'245.56 +₦ 154'954.94
Xe 1623.9078 CHF 0.00 ₦ 9'743'446.80 +₦ 58'156.18
Regency FX 1609.8567 CHF 0.00 ₦ 9'659'140.33 −₦ 26'150.29
Exchange rateFeeRecipient getsDifference
Mid-market rate – – –
Wise Cheapest 1648.4600 CHF 28.18 ₦ 9'844'306.40 –
Xe 1629.1552 CHF 0.00 ₦ 9'774'931.20 –
Regency FX No quote collected this day – – – –
Exchange rateFeeRecipient getsDifference
Mid-market rate 1611.7682 – ₦ 9'670'609.42
Wise Cheapest 1648.4600 CHF 28.18 ₦ 9'844'306.40 +₦ 173'696.98
Xe 1629.1552 CHF 0.00 ₦ 9'774'931.20 +₦ 104'321.78
Regency FX 1607.4165 CHF 0.00 ₦ 9'644'498.78 −₦ 26'110.64
Exchange rateFeeRecipient getsDifference
Mid-market rate 1617.8369 – ₦ 9'707'021.61
Wise Cheapest 1648.6700 CHF 28.18 ₦ 9'845'560.48 +₦ 138'538.87
Xe 1629.1552 CHF 0.00 ₦ 9'774'931.20 +₦ 67'909.59
Regency FX 1613.4688 CHF 0.00 ₦ 9'680'812.65 −₦ 26'208.96
Exchange rateFeeRecipient getsDifference
Mid-market rate 1611.0526 – ₦ 9'666'315.67
Wise Cheapest 1648.3800 CHF 28.18 ₦ 9'843'828.65 +₦ 177'512.98
Xe 1633.9539 CHF 0.00 ₦ 9'803'723.40 +₦ 137'407.73
Regency FX 1606.7028 CHF 0.00 ₦ 9'640'216.62 −₦ 26'099.05
Exchange rateFeeRecipient getsDifference
Mid-market rate 1614.6684 – ₦ 9'688'010.15
Wise Cheapest 1648.1700 CHF 28.18 ₦ 9'842'574.57 +₦ 154'564.42
Xe 1632.7656 CHF 0.00 ₦ 9'796'593.60 +₦ 108'583.45
Regency FX 1610.3088 CHF 0.00 ₦ 9'661'852.53 −₦ 26'157.62
Exchange rateFeeRecipient getsDifference
Mid-market rate 1625.6228 – ₦ 9'753'736.67
Wise Cheapest 1658.1300 CHF 28.18 ₦ 9'902'053.90 +₦ 148'317.23
Xe 1632.5677 CHF 0.00 ₦ 9'795'406.20 +₦ 41'669.53
Regency FX 1621.2336 CHF 0.00 ₦ 9'727'401.58 −₦ 26'335.09
Exchange rateFeeRecipient getsDifference
Mid-market rate – – –
Wise Cheapest 1655.6300 CHF 28.18 ₦ 9'887'124.35 –
Xe 1635.5316 CHF 0.00 ₦ 9'813'189.60 –
Regency FX No quote collected this day – – – –
Exchange rateFeeRecipient getsDifference
Mid-market rate 1614.4668 – ₦ 9'686'801.00
Wise Cheapest 1651.5200 CHF 28.18 ₦ 9'862'580.17 +₦ 175'779.17
Xe 1638.5395 CHF 0.00 ₦ 9'831'237.00 +₦ 144'436.00
Regency FX 1610.1078 CHF 0.00 ₦ 9'660'646.64 −₦ 26'154.36
Exchange rateFeeRecipient getsDifference
Mid-market rate 1614.4668 – ₦ 9'686'801.00
Wise Cheapest 1651.5200 CHF 28.18 ₦ 9'862'580.17 +₦ 175'779.17
Xe 1638.5395 CHF 0.00 ₦ 9'831'237.00 +₦ 144'436.00
Regency FX 1610.1078 CHF 0.00 ₦ 9'660'646.64 −₦ 26'154.36
Exchange rateFeeRecipient getsDifference
Mid-market rate 1635.4961 – ₦ 9'812'976.64
Wise Cheapest 1670.8000 CHF 28.18 ₦ 9'977'716.86 +₦ 164'740.22
Xe 1631.2087 CHF 0.00 ₦ 9'787'252.20 −₦ 25'724.44
Regency FX 1631.0803 CHF 0.00 ₦ 9'786'481.60 −₦ 26'495.04
Exchange rateFeeRecipient getsDifference
Mid-market rate 1621.2816 – ₦ 9'727'689.37
Wise Cheapest 1672.3000 CHF 28.18 ₦ 9'986'674.59 +₦ 258'985.22
Xe 1645.5696 CHF 0.00 ₦ 9'873'417.60 +₦ 145'728.23
Regency FX 1616.9041 CHF 0.00 ₦ 9'701'424.61 −₦ 26'264.76
Exchange rateFeeRecipient getsDifference
Mid-market rate 1616.3412 – ₦ 9'698'047.22
Wise Cheapest 1664.7600 CHF 28.18 ₦ 9'941'647.06 +₦ 243'599.84
Xe 1653.5234 CHF 0.00 ₦ 9'921'140.40 +₦ 223'093.18
Regency FX 1611.9771 CHF 0.00 ₦ 9'671'862.50 −₦ 26'184.72
Exchange rateFeeRecipient getsDifference
Mid-market rate 1626.5844 – ₦ 9'759'506.31
Wise Cheapest 1664.9200 CHF 28.18 ₦ 9'942'602.55 +₦ 183'096.24
Xe 1648.7470 CHF 0.00 ₦ 9'892'482.00 +₦ 132'975.69
Regency FX 1622.1926 CHF 0.00 ₦ 9'733'155.64 −₦ 26'350.67
Exchange rateFeeRecipient getsDifference
Mid-market rate 1640.2284 – ₦ 9'841'370.45
Wise Cheapest 1667.7500 CHF 28.18 ₦ 9'959'502.81 +₦ 118'132.36
Xe 1648.3500 CHF 0.00 ₦ 9'890'100.00 +₦ 48'729.55
Regency FX 1635.7998 CHF 0.00 ₦ 9'814'798.75 −₦ 26'571.70
Exchange rateFeeRecipient getsDifference
Mid-market rate 1634.4420 – ₦ 9'806'652.28
Wise Cheapest 1659.2900 CHF 28.18 ₦ 9'908'981.21 +₦ 102'328.93
Xe 1651.3612 CHF 0.00 ₦ 9'908'167.20 +₦ 101'514.92
Regency FX 1630.0291 CHF 0.00 ₦ 9'780'174.32 −₦ 26'477.96
Exchange rateFeeRecipient getsDifference
Mid-market rate 1634.4420 – ₦ 9'806'652.28
Wise Cheapest 1659.2900 CHF 28.18 ₦ 9'908'981.21 +₦ 102'328.93
Xe 1651.3612 CHF 0.00 ₦ 9'908'167.20 +₦ 101'514.92
Regency FX 1630.0291 CHF 0.00 ₦ 9'780'174.32 −₦ 26'477.96
Exchange rateFeeRecipient getsDifference
Mid-market rate 1636.8554 – ₦ 9'821'132.62
Wise Cheapest 1670.6800 CHF 28.18 ₦ 9'977'000.24 +₦ 155'867.62
Xe 1651.3612 CHF 0.00 ₦ 9'908'167.20 +₦ 87'034.58
Regency FX 1632.4359 CHF 0.00 ₦ 9'794'615.56 −₦ 26'517.06
Exchange rateFeeRecipient getsDifference
Mid-market rate 1646.1068 – ₦ 9'876'640.68
Wise Cheapest 1685.9400 CHF 28.18 ₦ 10'068'130.21 +₦ 191'489.53
Xe 1654.3702 CHF 0.00 ₦ 9'926'221.20 +₦ 49'580.52
Regency FX 1641.6623 CHF 0.00 ₦ 9'849'973.75 −₦ 26'666.93
Exchange rateFeeRecipient getsDifference
Mid-market rate 1646.1810 – ₦ 9'877'085.80
Wise Cheapest 1683.7000 CHF 28.18 ₦ 10'054'753.33 +₦ 177'667.53
Regency FX 1641.7363 CHF 0.00 ₦ 9'850'417.66 −₦ 26'668.14
Xe No quote collected this day – – – –
Exchange rateFeeRecipient getsDifference
Mid-market rate 1649.7573 – ₦ 9'898'543.70
Wise Cheapest 1686.7000 CHF 28.18 ₦ 10'072'668.79 +₦ 174'125.09
Xe 1672.3855 CHF 0.00 ₦ 10'034'313.00 +₦ 135'769.30
Regency FX 1645.3029 CHF 0.00 ₦ 9'871'817.64 −₦ 26'726.06
Exchange rateFeeRecipient getsDifference
Mid-market rate 1643.3733 – ₦ 9'860'239.90
Xe Cheapest 1669.7256 CHF 0.00 ₦ 10'018'353.60 +₦ 158'113.70
Wise 1676.0200 CHF 28.18 ₦ 10'008'889.76 +₦ 148'649.86
Regency FX 1638.9362 CHF 0.00 ₦ 9'833'617.25 −₦ 26'622.65
Exchange rateFeeRecipient getsDifference
Mid-market rate 1642.0010 – ₦ 9'852'006.02
Wise Cheapest 1672.8200 CHF 28.18 ₦ 9'989'779.93 +₦ 137'773.91
Xe 1663.8567 CHF 0.00 ₦ 9'983'140.20 +₦ 131'134.18
Regency FX 1637.5676 CHF 0.00 ₦ 9'825'405.61 −₦ 26'600.41
Exchange rateFeeRecipient getsDifference
Mid-market rate 1643.2918 – ₦ 9'859'750.73
Wise Cheapest 1672.8200 CHF 28.18 ₦ 9'989'779.93 +₦ 130'029.20
Xe 1663.8567 CHF 0.00 ₦ 9'983'140.20 +₦ 123'389.47
Regency FX 1638.8549 CHF 0.00 ₦ 9'833'129.41 −₦ 26'621.32
Exchange rateFeeRecipient getsDifference
Mid-market rate 1649.9288 – ₦ 9'899'572.61
Wise Cheapest 1681.3000 CHF 28.18 ₦ 10'040'420.97 +₦ 140'848.36
Xe 1657.7806 CHF 0.00 ₦ 9'946'683.60 +₦ 47'110.99
Regency FX 1645.4740 CHF 0.00 ₦ 9'872'843.77 −₦ 26'728.84
Exchange rateFeeRecipient getsDifference
Mid-market rate 1644.9247 – ₦ 9'869'547.97
Wise Cheapest 1688.4800 CHF 28.18 ₦ 10'083'298.63 +₦ 213'750.66
Xe 1666.4769 CHF 0.00 ₦ 9'998'861.40 +₦ 129'313.43
Regency FX 1640.4834 CHF 0.00 ₦ 9'842'900.19 −₦ 26'647.78

Exchange rateFeeRecipient getsDifference

Each line shows what the recipient gets when you send CHF 6'000, after fees, as quoted by each company. The mid-market line shows what CHF 6'000 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 CHF 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 28 of the last 30 days.

Right now, Xe pays 9’998’861.40 NGN on 6’000 CHF, which is 129’313.43 NGN more than the mid-market amount, so it's a good deal (pretty much free money).

Today's payout is the highest in the past month.

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

Cheapest over time

Picking the cheapest money transfer company

Just because a company is the cheapest today doesn't mean it's always the best option for sending money to Nigeria.

We've tracked 119 comparisons to check how often today's top companies were the cheapest across 4 amounts over the past month.

  1. WiseAppeared in 115 comparisons

    Cheapest in 93% of them

  2. XeAppeared in 105 comparisons

    Cheapest in 8% of them

  3. Regency FXAppeared in 81 comparisons

    Cheapest in 5% of them

Based on 119 comparisons across 4 amounts over the last 30 days.

Different companies can come out cheapest depending on the day and the amount you send.

To keep things fair, we only count the comparisons each company appeared in, and only analyse companies that appeared in at least 50% of all comparisons (so occasional cheapest options don't skew it).

Today Xe is the cheapest and gets you the most NGN, but it was the cheapest in only 8% of the 105 comparisons it appeared in over the past month.

Regency FX (today's second cheapest) was the cheapest in only 5% of its comparisons, so it's rarely the cheapest option for transfers to Nigeria.

If it's a one-off transfer, go with Xe, since it's the cheapest right now.

Ways to send money from Switzerland to Nigeria

4 companies send money from Switzerland to Nigeria, across app, online, multi-currency account, global business account, and currency broker, and more.

For one-off transfers

Online transfers

Online services like Xe are usually cheaper than Swiss banks for one-off and medium-sized transfers.

With Xe, 6’000 CHF gets your recipient 9’998’861.40 NGN.

The fee is 0 CHF, with a -1.3% markup on top of the CHF/NGN rate.

In our comparisons over the past month, it was the cheapest online service on 1 of the 29 days it quoted.

For spending and receiving

Multi-currency accounts

A multi-currency account is useful if you earn in Swiss francs but spend money in NGN (be it payments or travelling).

Revolut converts CHF 6’000 with a 0.72% exchange-rate markup and lets you hold CHF and NGN in one account.

Over the past month, it came out cheapest among multi-currency accounts on 0% of days.

For regular transfers

Money transfer apps

For the monthly transfer to family, money transfer apps are the easiest to start with.

Xe charges fr.0 on a fr.6’000 transfer, and the money lands minutes - 24 hours.

Over the past month, Xe was the cheapest app on 3% of the days it appeared for fr.6’000 transfers.

You can also save recipients and create automated scheduled transfers to Nigeria.

You can’t make deposits with TWINT, but instead you can use Apple Pay, Google Pay, bank transfer, debit card, and credit card.

For large CHF transfers

Currency brokers

Private banks can usually do this too, but brokers streamline the process and you also get an account manager to handle the transfer.

For example, if you are buying property in Nigeria or moving your wealth, a broker like Xe charges no fee and works on a margin instead (-1.3% on CHF/NGN).

I suggest , since the more NGN you send the better rate you get.

Our analysis shows Xe was the cheapest broker in 100% of the transfers from CHF 6,000 it quoted.

Brokers charge no fees, so settle with the one that gives you the best CHF/NGN rate.

For companies paying across borders

Global accounts

Converting every payment separately adds extra work for Swiss businesses with regular costs in Nigeria.

A global account lets you hold NGN alongside CHF and pay from the balance.

Wise Business, WorldFirst and Airwallex offer multi-currency accounts with business payment tools.

Ways to fund CHF and receive NGN in Nigeria

With Xe, paying by bank transfer and receiving through bank deposit is the cheapest combination. Sending CHF 6’000 gives your recipient 9’998’861.40 NGN.

The transfer can be paid for by bank transfer, debit card, and credit card.

You can pay from your Swiss bank account

Send CHF to the account details provided by the company.

Use the exact reference so it can match the payment to your transfer.

TWINT is mainly for payments in Switzerland, so it does not replace an international transfer to Nigeria.

In Nigeria, they can get NGN delivered as bank deposit.

  1. 1
    Bank transfer Bank deposit

    You pay fr.6,000.00

    ₦10,083,299

    Cheapest

  2. 2
    Debit card Bank deposit

    You pay fr.6,000.00

    ₦9,938,868

    -₦144,430

  3. 3
    Credit card Bank deposit

    You pay fr.6,000.00

    ₦9,938,868

    -₦144,430

Things to know before sending CHF to Nigeria

The exchange-rate margin usually matters more than the transfer fee from Switzerland. Gift tax and account protection also depend on details that are easy to miss.

Compare CHF/NGN transfer options

For a CHF 6’000 transfer to Nigeria, these are the best options in our comparison.

Cheapest way to send money to Nigeria

The cheapest option is Xe, funded by bank transfer with bank deposit for the payout. Your recipient gets 9’998’861.40 NGN, which is 1.56% more than the next best option.

Fastest way to send money to Nigeria

The fastest option is Revolut. Pay by bank transfer and choose bank deposit for the payout. Your recipient gets 9’706’826.83 NGN in within minutes.

Switzerland is in SEPA, but CHF is not a SEPA currency

Swiss banks can make SEPA payments in euros, but a CHF transfer to NGN requires a conversion.

Same goes for Swiss instant payments.

Money transfer companies can take these as funding methods (since accounts are in Switzerland) but then they switch to an internal network of accounts.

Gift tax depends on your canton

Switzerland has no federal gift tax applied on transfers abroad.

Most cantons impose their own rules, with the amount due usually depending on the value of the gift and your relationship to the recipient.

The Swiss government portal explains how gift tax works here.

Money transfer protection

Do not assume every app used in Switzerland is FINMA-authorised or covered by Swiss deposit insurance.

Some services operate under a foreign licence, and a Swiss virtual IBAN does not by itself create Swiss deposit protection.

Eligible deposits at participating Swiss banks are protected up to CHF 100,000 per customer and bank, but esisuisse confirms that a virtual IBAN or correspondent account may fall outside that protection.

If you’re in doubt about a money transfer company or app, check the legal company behind the service in the FINMA register.

How we analyse the market

Most pricing comes straight from the companies, and anything we collect by hand is marked in the table.

That covers 4 of them sending CHF to Nigeria, refreshed in real time on live searches and compared on rates, fees and the ways to pay and collect.

In the past 30 days alone, we analysed 119 comparisons across 4 amounts.

This page covers the cheapest and fastest options for CHF/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.

Each goes through our review. More on who we are, why you can trust us and how to get started.

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