How to send money to Benin from Nigeria with the best NGN-XOF rate
Compare the best ways to send money from Nigeria to Benin. Explore the fastest, cheapest, and most reliable providers with the best NGN to XOF exchange rates.
Read on for the best deals, expert information, and all you need to send money to Benin from Nigeria.
"Western Union agents help you send money from a wide variety of countries. Find a local branch near you to deposit cash and send your funds abroad."
"Western Union agents help you send money from a wide variety of countries. Find a local branch near you to deposit cash and send your funds abroad."
"With MoneyGram you can send money globally. Find a local MoneyGram branch near you to deposit and send cash abroad."
"With MoneyGram you can send money globally. Find a local MoneyGram branch near you to deposit and send cash abroad."
"If you and the person you are sending money to both have PayPal apps, you can quickly and easily send money between each other."
"If you and the person you are sending money to both have PayPal apps, you can quickly and easily send money between each other."
The best way to send NGN to Benin is to use cash transfer via Western Union
We’ve analysed 100s of money transfer companies, and found that the overall coverage of NGN/XOF transfers is very limited for online transfers.
This is why we suggest sending cash as an alternative, using Western Union.
The transfer fees depend on which branch you use and how much you send, but overall you can expect to pay around 3 NGN for a 360,000 NGN transfer.
Depending on where you are, we suggest checking Western Union to see what deposit methods you have available.
In many cases you can deposit NGN online and the recipient in Benin will need to visit a branch to pick up XOF.
Getting the best deal on your Nigeria to Benin transfer
Always compare rates
Don't pay more than you have to. Our live comparison tool will give you the best rates for sending money from Nigeria to Benin.
Choose a provider
Select the provider that offers you the best value & service for transfers between Nigeria and Benin.
Click, sign up & send
Follow the steps & make your transfer. Your funds will soon be on their way to Benin.
Summary of recent searches
Understanding Nigeria to Benin money transfers
Comparing providers when sending money from Nigeria to Benin is the easiest way to make a transfer at the best price.
We’ve compared 3 providers for sending Naira to Benin. This ensures you will get the best options for your transfer to Benin from Nigeria.
We rate Western Union Agent as the best overall, but comparing gives you a comprehensive view of all the options for transferring money from Nigeria to Benin.
The cheapest way to send money from Nigeria to Benin is a cash transfer via MoneyGram.
The cheapest way to send money to Benin from Nigeria is via a cash transfer through a MoneyGram Agent.
While cash transfers are usually more expensive than online options, our analysis of hundreds of money transfer companies shows that very few services currently support NGN/XOF transfers online.
The total cost of your transfer includes both the transfer fee (around 3 NGN per 360,000 NGN) and an exchange rate markup.
Ultimately, the exact price will depend on your location, payment method, and transfer amount.
The cheapest way to to send money to Benin from Nigeria is via PayPal P2P Transfer
The coverage of NGN/XOF transfer options is very limited, therefore, PayPal’s P2P transfer service is one of the cheaper options you have, along with cash transfer via Western Union and MoneyGram.
With PayPals P2P transfer, the main cost is the conversion between currencies, which can go as high as % on top of the mid market rate, as well as a NGN transfer fee.
You can also opt to use a cash transfer via MoneyGram or Western Union, which are cheaper in some cases (depending on the amount, deposit method, and your branch).
Transferring large sums of money
Of the 3 money transfer companies tested, Western Union Agent is the strongest option for large transfers from Nigeria to Benin.
Reasons for sending large sums of money vary and include business or property purchases. But whatever the reason, sending large amounts of money from Nigeria to Benin can become expensive through your bank or with the wrong provider.
Western Union Agent is our choice for sending large sums of money to NGN because they offer a strong all-round product.
Understanding the cost of sending money from Nigeria to Benin
Ensuring a strong combination of fees and exchange rates ensures the best deal on money transfers from Nigeria to Benin.
The Mid-Market and Exchange Rates: Finding a provider as close to mid-market rate as possible will ensure more CFA Franc BCEAO for your Naira. The current NGN-XOF mid-market rate is 0.3878 XOF per Naira.
This rate changes regularly so it can pay to track it. For comparison, the NGN-XOF mid-market rate for the past 7 days has averaged 0.3908 XOF per Naira, with a low of 0.3893 and a high of 0.3923.
Western Union Agent is currently offering the best exchange rate from the 3 companies compared.
Often the NGN-XOF exchange rate you pay is the biggest cost factor when transferring Nairas to Benin.
Fees: Money transfer fees are charged on top the exchange rate and can be set, or a percentage of the total amount of Naira you’re sending to Benin. Western Union Agent currently is the cheapest option for transfers into XOF costing 3 NGN per transfer. We always recommend searching for your exact send amount for an exact fee.
Amount Received: The amount received in CFA Franc BCEAO is the biggest indicator of the total cost of sending money to Benin from Nigeria. The bigger the amount received in Benin, the lower the overall cost of sending from Nigeria.
How to find the best exchange rate for Naira to CFA Franc BCEAO
Timing is essential for sending money between NGN and XOF. The exchange rate you secure impacts how much XOF you get for your NGN.
Let's dive into some interesting recent trends.
In the last 7 days, the exchange rate from NGN to XOF has seen some fluctuation. On average, it stood at 0.3908.
During this period, the highest value recorded was 0.3923, while the lowest was 0.3893.
Western Union Agent, which is our recommended service to send money online from Nigeria to Benin offers 0.3698 XOF per NGN which is only 5% above the mid-market rate.
Want to secure the best NGN-CFA Franc BCEAO exchange rates?
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Funding your Nigeria to Benin transfer
Bank transfers
The default option for sending money from Nigeria to Benin is often a bank transfer.
Using a money transfer company, such as Western Union Agent for transfers from Nigeria to Benin, allows for sending via a bank transfer while benefitting from lower fees and more favorable exchange rates.
From the 3 we tested, the cheapest provider for bank transfers from NGN to Benin is Western Union Agent.
With a fee of NGN3 to send money from Nigeria to Benin, Western Union Agent offers a great combination of competitive exchange rates and lower fees.
Prepaid and debit cards
Sending money from Nigeria to Benin with a prepaid or debit card is easy with Western Union Agent.
Western Union Agent is a leader in accepting card payments for transfers between Nigeria and Benin.
Credit cards
When it comes to international credit card transfers from Nigeria to Benin, we to get the best deal.
Fee alert: using a credit card to transfer money can mean a fee being charged by your card issuer. We recommend bank transfer or debit card instead.
How we analyze the market
We track the cost, speed, and product offerings of the leading money transfer services available between Benin and Nigeria.
Our comparison engine and algorithms evaluate providers based on over 25 factors, including transfer fees, ease of use, exchange rates, mobile apps, transfer times & customer support.
We also consider how these services are rated on platforms like TrustPilot, AppStore, and Google Play, giving you a comprehensive view of what to expect.
This thorough analysis helps you get the best available deal - every time you want to move money from Nigeria to Benin.
We also provide unbiased and detailed reviews of all the top money transfer companies. You can use these reviews to send NGN to XOF.
For a deeper understanding of our commitment to integrity and transparency, we invite you to read our editorial policy and review methodology.
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How long does it take to send money from Nigeria to Benin?
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Are there any minimum or maximum transfer amounts for sending money from Nigeria to Benin?
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