Best companies for EUR/NGN transfers
8 of 8 providers Last updated on 28 October 2026
Based on 7,000 EUR transfer Best companies for EUR/NGN transfers Sort Cheapest
Promoted Wise Pay via Bank transfer	Fee €46.96 1 EUR = 1533.9300 NGN -2.82% vs mid-market	Recipient gets ₦10,665,476.65 Within minutes
25 reviews 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 €46.961 EUR = 1533.9300 NGN ₦10,665,476.65You pay€7,000.00
Promoted Xe Pay via Debit card	Fee €0.00 1 EUR = 1529.9251 NGN -2.55% vs mid-market	Recipient gets ₦10,709,475.70 Minutes - 24 hours
4 reviews 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 Free1 EUR = 1529.9251 NGN ₦10,709,475.70You pay€7,000.00
Run a live search Showing top Germany to Nigeria deals for 7,000 EUR. 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 EUR 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 EUR you're planning to spend in Nigeria.
Run a live search These are managed services with real human support for large EUR transfers. Click the link and update the transfer amount to get the best deal.
TapTap Send Pay via Debit card	Fee €0.00 1 EUR = 1540.0000 NGN -3.21% vs mid-market	Recipient gets ₦10,780,000.00 Minutes
0 reviews Cheapest Receive to bank account
Ways to receive money in Nigeria with TapTap Send when paying by debit card. MethodFee & ratesRecipient gets Bank depositMinutes Free1 EUR = 1540.0000 NGN ₦10,780,000.00You pay€7,000.00 Mobile moneyMinutesAvailable via:FairMoney, Kuda Bank, OPay, PalmPay Free1 EUR = 1540.0000 NGN ₦10,780,000.00You pay€7,000.00
Xe Pay via Debit card	Fee €0.00 1 EUR = 1529.9251 NGN -2.55% vs mid-market	Recipient gets ₦10,709,475.70 Minutes - 24 hours
4 reviews 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 Free1 EUR = 1529.9251 NGN ₦10,709,475.70You pay€7,000.00

Xe Pay via Bank transfer	Fee €0.00 1 EUR = 1529.9251 NGN -2.55% vs mid-market	Recipient gets ₦10,709,475.70 Minutes - 24 hours
4 reviews 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 EUR = 1529.9251 NGN ₦10,709,475.70You pay€7,000.00
Xe Pay via Credit card	Fee €0.00 1 EUR = 1529.9251 NGN -2.55% vs mid-market	Recipient gets ₦10,709,475.70 Minutes - 24 hours
4 reviews 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 Free1 EUR = 1529.9251 NGN ₦10,709,475.70You pay€7,000.00
Wise Pay via Bank transfer	Fee €46.96 1 EUR = 1533.9300 NGN -2.82% vs mid-market	Recipient gets ₦10,665,476.65 Within minutes
25 reviews Recommended 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 €46.961 EUR = 1533.9300 NGN ₦10,665,476.65You pay€7,000.00
Wise Pay via iDEAL	Fee €57.07 1 EUR = 1533.9300 NGN -2.82% vs mid-market	Recipient gets ₦10,649,968.61 Within minutes
25 reviews Multi-currency cardReceive to bank accountDedicated support for large transfers
Ways to receive money in Nigeria with Wise when paying by ideal. MethodFee & ratesRecipient gets Bank depositWithin minutesAvailable via:Bank Transfer €57.071 EUR = 1533.9300 NGN ₦10,649,968.61You pay€7,000.00
$0 fee on first online transfers MoneyGram Pay via Debit card	Fee €3.99 1 EUR = 1517.8995 NGN -1.77% vs mid-market	Recipient gets ₦10,625,296.50 Minutes - 24 hours
2 reviews
Ways to receive money in Nigeria with MoneyGram when paying by debit card. MethodFee & ratesRecipient gets Cash pickupMinutes - 24 hours €3.991 EUR = 1517.8995 NGN ₦10,625,296.50You pay€7,003.99 Mobile moneyMinutes - 24 hoursAvailable via:SmartCash/Airtel €9.991 EUR = 1517.8995 NGN ₦10,625,296.50You pay€7,009.99 Bank depositMinutes - 24 hoursAvailable via:All Banks €3.991 EUR = 1516.8074 NGN ₦10,617,651.80You pay€7,003.99

$0 fee on first online transfers MoneyGram Pay via Credit card	Fee €3.99 1 EUR = 1517.8995 NGN -1.77% vs mid-market	Recipient gets ₦10,625,296.50 Minutes - 24 hours
2 reviews
Ways to receive money in Nigeria with MoneyGram when paying by credit card. MethodFee & ratesRecipient gets Cash pickupMinutes - 24 hours €3.991 EUR = 1517.8995 NGN ₦10,625,296.50You pay€7,003.99 Mobile moneyMinutes - 24 hoursAvailable via:SmartCash/Airtel €9.991 EUR = 1517.8995 NGN ₦10,625,296.50You pay€7,009.99 Bank depositMinutes - 24 hoursAvailable via:All Banks €3.991 EUR = 1516.8074 NGN ₦10,617,651.80You pay€7,003.99
$0 fee on first online transfers MoneyGram Pay via Bank transfer	Fee €3.99 1 EUR = 1517.8995 NGN -1.77% vs mid-market	Recipient gets ₦10,625,296.50 Minutes - 24 hours
2 reviews
Ways to receive money in Nigeria with MoneyGram when paying by bank transfer. MethodFee & ratesRecipient gets Cash pickupMinutes - 24 hours €3.991 EUR = 1517.8995 NGN ₦10,625,296.50You pay€7,003.99 Mobile moneyMinutes - 24 hoursAvailable via:SmartCash/Airtel €9.991 EUR = 1517.8995 NGN ₦10,625,296.50You pay€7,009.99 Bank depositMinutes - 24 hoursAvailable via:All Banks €3.991 EUR = 1516.8074 NGN ₦10,617,651.80You pay€7,003.99
Wise Pay via Debit card	Fee €101.79 1 EUR = 1533.9300 NGN -2.82% vs mid-market	Recipient gets ₦10,581,371.27 Within minutes
25 reviews Multi-currency cardReceive 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 €101.791 EUR = 1533.9300 NGN ₦10,581,371.27You pay€7,000.00
Wise Pay via Credit card	Fee €143.68 1 EUR = 1533.9300 NGN -2.82% vs mid-market	Recipient gets ₦10,517,114.94 Within minutes
25 reviews Multi-currency cardReceive 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 €143.681 EUR = 1533.9300 NGN ₦10,517,114.94You pay€7,000.00
Only available via Mobile App Sendwave Pay via Debit card	Fee €0.99 1 EUR = 1492.1083 NGN -0.05% vs mid-market	Recipient gets ₦10,443,280.63 Minutes - 3 days
6 reviews Receive to bank account or cash pickup
Ways to receive money in Nigeria with Sendwave when paying by debit card. MethodFee & ratesRecipient gets Bank depositMinutes - 3 days €0.991 EUR = 1492.1083 NGN ₦10,443,280.63You pay€7,000.00
Only available via Mobile App WorldRemit Pay via Debit card	Fee €0.99 1 EUR = 1489.9749 NGN +0.09% vs mid-market	Recipient gets ₦10,428,349.43 Minutes - 2 days
13 reviews Receive to bank account or cash pickup
Ways to receive money in Nigeria with WorldRemit when paying by debit card. MethodFee & ratesRecipient gets Bank depositMinutes - 2 days €0.991 EUR = 1489.9749 NGN ₦10,428,349.43You pay€7,000.00
Exclusive: First Transfer Deal Regency FX Pay via Bank transfer	Fee €0.00 1 EUR = 1487.3091 NGN +0.27% vs mid-market	Recipient gets ₦10,411,163.85 Minutes - 24 hours
9 reviews 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 EUR = 1487.3091 NGN ₦10,411,163.85You pay€7,000.00
Pricing based on Revolut Standard plan Revolut Pay via Bank transfer	Fee €30.50 1 EUR = 1487.4154 NGN +0.26% vs mid-market	Recipient gets ₦10,366,541.97 Within minutes
10 reviews 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 €30.501 EUR = 1487.4154 NGN ₦10,366,541.97You pay€7,000.00
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 EUR = 1491.3357 NGN Updates every 60 minutes.

Why compare

EUR/NGN exchange rate

Best ways to pay & receive

Transfer speed

How to send money from Germany to Nigeria

Pick a company

For a one-off transfer from Germany, I suggest picking the cheapest option which is TapTap Send.

TapTap Send was the cheapest on 18 of the 27 days it quoted €7,000 transfers to Nigeria.

On a 7,000 EUR transfer, TapTap Send delivers the most NGN.

This will change depending on how much you actually send, so I suggest running a live search to get the best EUR/NGN rate.

Fund your transfer

You have 4 ways to pay, including debit card, bank transfer, credit card, and iDEAL.

Verify and send

First time round you'll need a photo ID and proof of your German address.

Video identification is also normal and takes a few minutes.

Compare amounts

How much EUR are you sending to Nigeria?

How much EUR 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 TapTap Send was the cheapest in 70% of the transfers from €7,000 it quoted, and in 46% of all the transfers it quoted.


€700	-3.33%	€0.00	₦1,081,976.00with debit card to bank deposit	+₦19,965.92
€1,000	-2.96%	€0.00	₦1,540,000.00with debit card to bank deposit	+₦23,266.09
€5,000	-2.98%	€0.00	₦7,700,000.00with debit card to bank deposit	+₦119,927.18
€7,000This page	-3.21%	€0.00	₦10,780,000.00with debit card to bank deposit	+₦190,161.07
€50,000	-3.17%	€0.00	₦77,000,000.00with debit card to bank deposit	+₦1,078,001.81

Mid-market rate: 1 EUR = 1491.3357 NGN

EUR/NGN Exchange Rate History

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

The cheapest way to send EUR 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 TapTap Send), across 30 days of comparisons for 7,000 EUR transfers to Nigeria.

Each line shows what the recipient gets when you send €7,000, after fees, as quoted by each company. The mid-market line shows what €7,000 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 EUR 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, TapTap Send pays 10,780,000 NGN on 7,000 EUR, which is 340,649.9 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 10,920,000 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 Germany to Nigeria

There are 8 companies for sending money from Germany to Nigeria, across app, online, broker, multi-currency account, global account, and in person, and more below.

Fastest and easiest way

Online and app transfers

Within the eurozone, SEPA covers all transfers, but outside, it gets very expensive and money transfer companies make it cheaper.

Sending €7,000 with TapTap Send to Nigeria gets you 10,780,000 NGN with a €0 fee and -3.21% markup.

In our comparisons over the past month, it was the cheapest online service on 18 of the 27 days it quoted.

Debit cards (and Apple Pay / Google Pay) usually have instant deposits, but your girocard usually won't work as a funding method.

For paying in cash at a counter

In-person transfers

There's no legal limit on how much you can send, so the counter in the kiosk, the callshop or the grocery store is still a popular way to send money internationally.

Deposit €7,000 to MoneyGram online, and choose cash pickup as delivery option. Once you pay, it should be available in minutes.

Our data shows MoneyGram came out cheapest among in-person options on 100% of days in the past month.

In general, online transfers are cheaper than sending cash to Nigeria.

For large transfers from Germany

Currency brokers

For buying property, moving to Nigeria, or moving pensions, a currency broker is the best option.

A broker like Xe charges no fee and works on a margin. It adds -2.55% on EUR/NGN which gets negotiated the more you send.

And you get an account manager to help you through the process.

Our analysis shows Xe was the cheapest broker in 100% of the transfers from €7,000 it quoted.

For some international payments above €50,000, German residents may need to file an AWV report with the Bundesbank, make sure to check in advance.

For making business payments

Global accounts

Global accounts are for businesses making payments to Nigeria.

Be it overseas suppliers and contractors, receiving NGN payments, or holding NGN and EUR in one business account.

Companies like Airwallex, WorldFirst, or Wise Business offer the best tools for international business transfers.

For spending & receiving

Multi-currency accounts

A multi-currency account lets you hold EUR and NGN in one account.

You get NGN bank details, and can receive international payments like rent, dividends, family payments without additional conversions.

You can convert NGN to EUR or EUR to NGN whenever you need.

The best multi-currency account is Wise, it adds ~-2.82% markup and charges small fees.

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

Ways to fund EUR and receive NGN in Nigeria

With TapTap Send, paying by debit card and receiving through bank deposit is the cheapest way. Sending €7,000 gives your recipient 10,780,000 NGN.

You can pay for the transfer using debit card, bank transfer, credit card, and iDEAL.

Using German bank

A SEPA bank transfer is usually the cheapest way to deposit EUR.

An instant SEPA payment can reduce funding time, but it does not guarantee instant delivery to Nigeria.

The recipient in Nigeria can receive NGN by bank deposit, mobile money, and cash pickup.

To receive NGN by bank deposit

Enter the recipient's banking details and account holder's name.

Check both before sending because correcting a bank deposit will delay the transfer.

They can receive cash in Nigeria

For cash pickup, the recipient needs to visit the nearest MoneyGram branch and bring a valid photo ID and the transfer reference number.

1

Debit card Bank deposit

You pay €7,000.00

₦10,780,000

Cheapest
2

Debit card Mobile money

You pay €7,000.00

₦10,780,000

₦0
3

Bank transfer Bank deposit

You pay €7,000.00

₦10,709,476

-₦70,524
4

Credit card Bank deposit

You pay €7,000.00

₦10,709,476

-₦70,524
5

iDEAL Bank deposit

You pay €7,000.00

₦10,649,969

-₦130,031

Show moreShow less

6

Debit card Cash pickup

You pay €7,003.99

₦10,625,297

-₦154,704
7

Bank transfer Cash pickup

You pay €7,003.99

₦10,625,297

-₦154,704
8

Bank transfer Mobile money

You pay €7,009.99

₦10,625,297

-₦154,704
9

Credit card Cash pickup

You pay €7,003.99

₦10,625,297

-₦154,704
10

Credit card Mobile money

You pay €7,009.99

₦10,625,297

-₦154,704

Things to know before sending money from Germany to Nigeria

The main question in Germany is whether you are sending euros inside SEPA or converting them. Large cross-border payments can also create a Bundesbank reporting duty.

Compare EUR/NGN transfer options

For a €7,000 transfer to Nigeria, these are the best options:

Cheapest way to send money to Nigeria

The cheapest option is TapTap Send, funded by debit card with bank deposit for the payout. Your recipient gets 10,780,000 NGN, which is 0.65% 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 10,366,541.97 NGN in within minutes.

Transfers over €50,000 may get reported

Germany's AWV reporting threshold is €50,000.

A German resident may need to report a payment above that amount to the Bundesbank when it is made to a non-resident.

It is a statistics report, not a tax or permission request.

Transfers between your own domestic and foreign accounts are exempt, and other exemptions apply depending on the payment purpose.

The automated AWV notice shown by a bank does not mean every transfer is reportable.

The Bundesbank guidance for private individuals explains who reports, what is exempt and how to file.

SEPA and SWIFT are different

If the recipient has a euro account in the SEPA area, a normal SEPA payment can be the simplest option.

A payment converted into NGN sits outside that pricing rule and may involve another bank or payout partner.

Check whether the quote uses SHA, OUR or BEN charges on a bank transfer.

This decides whether intermediary costs are shared, paid by you or deducted from what the recipient receives.

How we analyse the market

Nothing reaches this table without going through our review first, and every company is BaFin-registered or passported into Germany.

We then track 8 of them on EUR to Nigeria, comparing rates, fees and the pay-in and payout options.

In the past 30 days alone, we analysed 94 comparisons across 5 amounts.

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

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.

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Tue, 29 Sept 2026	Exchange rate	Fee	Recipient gets	Difference
Mid-market rate	1501.9826	–	₦10,513,878.09
TapTap Send Cheapest	1560.0000	€0.00	₦10,920,000.00	+₦406,121.91
Wise	1559.4800	€46.96	₦10,843,126.82	+₦329,248.73
Xe	1546.1326	€0.00	₦10,822,928.20	+₦309,050.11

Wed, 30 Sept 2026	Exchange rate	Fee	Recipient gets	Difference
Mid-market rate	1506.4925	–	₦10,545,447.85
TapTap Send Cheapest	1555.0000	€0.00	₦10,885,000.00	+₦339,552.15
Wise	1555.5000	€46.96	₦10,815,453.72	+₦270,005.87
Xe	1544.6125	€0.00	₦10,812,287.50	+₦266,839.65

Thu, 1 Oct 2026	Exchange rate	Fee	Recipient gets	Difference
Mid-market rate	1502.1561	–	₦10,515,093.00
TapTap Send Cheapest	1556.0000	€0.00	₦10,892,000.00	+₦376,907.00
Xe	1538.5544	€0.00	₦10,769,880.80	+₦254,787.80
Wise	1536.5800	€46.96	₦10,683,902.20	+₦168,809.20

Fri, 2 Oct 2026	Exchange rate	Fee	Recipient gets	Difference
Mid-market rate	1496.1945	–	₦10,473,361.68
WorldRemit Cheapest	1530.2728	€0.99	₦10,710,394.35	+₦237,032.67
Xe	1529.0326	€0.00	₦10,703,228.20	+₦229,866.52
TapTap Send	1520.0000	€0.00	₦10,640,000.00	+₦166,638.32
Wise	1522.5400	€46.96	₦10,586,281.52	+₦112,919.84

Sat, 3 Oct 2026	Exchange rate	Fee	Recipient gets	Difference
Mid-market rate	1498.3840	–	₦10,488,688.01
Xe Cheapest	1513.6601	€0.00	₦10,595,620.70	+₦106,932.69
TapTap Send	1505.0000	€0.00	₦10,535,000.00	+₦46,311.99
Wise	1509.1900	€46.96	₦10,493,458.44	+₦4,770.43

How to send money to Nigeria from Germany with the best EUR-NGN rate

Best companies for EUR/NGN transfers