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Overall best option: Airwallex
We tested & reviewed 5 money transfer companies, and Airwallex came out as one of the easiest options.
Airwallex appeared in 57.1% of searches for sending money from Nigeria to Benin, and was the top rated company for NGN to XOF transfers.
So for a great mix of cost, speed & features, make your Nigeria to Benin transfer using Airwallex.
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 5 providers for sending Naira to Benin. This ensures you will get the best options for your transfer to Benin from Nigeria.
We rate Airwallex as the best overall, but comparing gives you a comprehensive view of all the options for transferring money from Nigeria to Benin.
Cheapest way to send money from Nigeria to Benin: Moneycorp
Our data shows, over the past six months, that Moneycorp is 0% than the second-best option when sending via a bank transfer.
This measure includes an average fee of 0* NGN and a NGN-XOF exchange rate for international transfers that is 1.95% different to the mid-market rate.
Securing the best rates on a NGN to Benin transfer can be done with Moneycorp but you can always search for your specific amount.
*The most common fee applied by Moneycorp when sending NGN-XOF, based on data from the past six months.
Fastest money transfers to Benin from Nigeria: Airwallex.
Through our comparison, we found Airwallex to be the fastest option for sending Naira to CFA Franc BCEAO 70.6% of the time. For fast transfers between NGN and XOF, Airwallex is a great option.
When sending money from Nigeria to Benin, Airwallex has an average fee of 0 NGN. Although we would recommend comparing the amount you want to send.
When testing the fastest options, we compared the 5 money transfer providers offering Nigeria to Benin transfers for overall speed. This included transfer times to after depositing Naira to a money transfer account.
When you want the fastest way to send, Airwallex is our recommended choice for Nigeria to Benin transfers.
Transferring large sums of money
Of the 5 money transfer companies tested, Airwallex 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.
Airwallex 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 0.4076 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 three months has averaged 0.3702 XOF per Naira, with a low of 0.352 and a high of 0.4119.
Moneycorp is currently offering the best exchange rate from the 5 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. Moneycorp currently has the lowest fees for transfers into XOF at an average of 0 NGN over the last 6 months. 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.
Over the past six months, the exchange rate from NGN to XOF has seen some fluctuation. On average, it stood at 0.3702.
During this period, the highest value recorded was 0.4119, while the lowest was 0.352.
Airwallex, which is our recommended service to send money online from Nigeria to Benin offers an exchange rate that is only 0% above the mid-market rate.
Want to secure the best NGN-CFA Franc BCEAO exchange rates?
Sign up for our rate alerts and we'll tell you when it's the best time to move your money from Nigeria to Benin!
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 Moneycorp 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 5 we tested, the cheapest provider for bank transfers from NGN to Benin is Moneycorp.
With an average fee of NGN0 to send money from Nigeria to Benin, Moneycorp 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 .
is a leader in accepting card payments for transfers between Nigeria and Benin.
Credit cards
is the best money transfer company of the 5 compared for credit card transfers from Nigeria to Benin
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 document.
Money transfer company reviews
