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Companies for transfers from Iceland to Nigeria
"24/7 live chat support provided in six languages. Special first transfer rates available, with airtime topup supported to many countries in Africa, Asia and South America."
"Revolut has 50+ million customers globally. You can hold up to 36 currencies in the app and send money quickly in 70+ currencies to 160+ countries."
"24/7 live chat support provided in six languages. Special first transfer rates available, with airtime topup supported to many countries in Africa, Asia and South America."
"Card-to-card transfers can be received in just two minutes."
In our experience, there are always efficiencies to be made in how businesses manage international payments in and out.
Why not take our free FX health check test to see how effective your business is in managing these. It only takes a couple of minutes.
Overall best way: WorldRemit
We tested & reviewed 3 transfer providers, and WorldRemit scored highly.
In the last six months, WorldRemit appeared in 100% of Iceland to Nigeria searches, and was the top rated company supporting payments Iceland into Naira.
So for a great mix of cost, speed & features, make your Iceland to Nigeria transfer using WorldRemit.
How to to send from Iceland to Nigeria in the best way
- Always compare rates
Money transfers to Nigeria should be easy. Use our live comparison tool to make sure you aren't missing the best rates to send money from Iceland to Nigeria.
- Choose a provider
Select the provider that offers you the best value on your Iceland Krona & service for your needs.
- Click, sign up & send
Follow the steps & start your transfer. Your funds will soon be on their way to Nigeria.
Summary of recent searches
Understanding Iceland to Nigeria money transfers
Comparing providers when sending money from Iceland to Nigeria is the easiest way to make a transfer at the best price.
We’ve compared 3 providers for sending Iceland Krona to Nigeria. This ensures you will get the best options for your transfer to Nigeria from Iceland.
We rate WorldRemit as the best overall, but comparing gives you a comprehensive view of all the options for transferring money from Iceland to Nigeria.
Cheapest way to send money to Nigeria from Iceland: Revolut
Data collected through our comparison over the past six months shows that Revolut is 2.5% cheaper than the second-best option.
The cost is made up of an average fee of 0* ISK and an exchange rate for buying Naira with Iceland Krona that is 0.13% different to the mid-market rate.
If you want to secure the best rates on a Iceland to Nigeria transfer, Revolut offers value. We would still recommend searching for the amount you want to send to Nigeria.
*The most common fee applied to ISK-NGN by Revolut, based on data from the past six months.
Fastest money transfers from Iceland to Nigeria: WorldRemit.
Through our comparison, we found WorldRemit to be the fastest option to transfer money from Iceland to Naira in 40% of instances.
Over the last six months, sending money from Iceland to Nigeria through WorldRemit have an average fee of 0 ISK.
WorldRemit was one of 3 money transfer providers we compared for overall speed of sending money from Iceland to Nigeria. This speed test included depositing Iceland Kronas to an account and the average timeframe for sending money to Nigeria.
When fast transfers are a priority, WorldRemit is our best choice for sending from Iceland to Nigeria.
Sending large amounts of money
Of the 3 companies compared, WorldRemit has the strongest option for large transfers from Iceland to Nigeria.
Whatever the reason, sending bigger sums of money can be costly if you get a bad exchange rate from Iceland Krona to Naira.
The WorldRemit rate makes them great for large transfers between Nigeria and Iceland.
Understanding the cost of sending money from Iceland to Nigeria
Ensuring a strong combination of fees and exchange rates ensures the best deal on money transfers from Iceland to Nigeria.
The Mid-Market and Exchange Rates: Finding a provider as close to mid-market rate as possible will ensure more Naira for your Iceland Krona. The current ISK-NGN mid-market rate is 10.7859 NGN per Iceland Krona.
This rate changes regularly so it can pay to track it. For comparison, the ISK-NGN mid-market rate for the past three months has averaged 11.7019 NGN per Iceland Krona, with a low of 11.4423 and a high of 12.3529.
Revolut is currently offering the best exchange rate from the 3 companies compared.
Often the ISK-NGN exchange rate you pay is the biggest cost factor when transferring Iceland Kronas to Nigeria.
Fees: Money transfer fees are charged on top the exchange rate and can be set, or a percentage of the total amount of Iceland Krona you’re sending to Nigeria. Revolut currently has the lowest fees for transfers into NGN at an average of 0 ISK over the last 6 months. We always recommend searching for your exact send amount for an exact fee.
Amount Received: The amount received in Naira is the biggest indicator of the total cost of sending money to Nigeria from Iceland. The bigger the amount received in Nigeria, the lower the overall cost of sending from Iceland.
The best exchange rate for Iceland Krona to Naira transfers
When sending money between ISK and NGN getting a good deal on an exchange rate is essential. The exchange rate you secure impacts how much NGN you get for your ISK.
Here's how the mid-market rate has performed recently, which will impact the overall cost of the exchange rate.
Over the past six months, the mid-market rate from ISK to NGN has been 11.7019.
During this period, there was a high of 12.3529, and 11.4423 being the lowest point.
WorldRemit, which is our recommended service to send money online from Iceland to Nigeria offers an exchange rate with a 42.97% markup against the mid-market rate.
Want to secure the best ISK-Naira exchange rates?
Sign up for our rate alerts and we'll tell you when it's the best time to move your money from Iceland to Nigeria!
How to pay for money transfers between Iceland and Nigeria
Bank transfers
Bank transfers are often fastest, cheapest and best way to send money from Iceland to Nigeria.
Using a money transfer company such as Revolut for transfers from Iceland to Nigeria, will mean being able to send money via a bank transfer while benefitting from lower fees and more favorable exchange rates.
On average, Revolut is the cheapest provider for bank transfers of the 3 we compared for transfers from ISK to Nigeria.
To send money from Iceland to Nigeria, Revolut has an average fee of 0 ISK.
Debit cards and prepaid options
Sending money from Iceland to Nigeria with a debit card or a prepaid card is very simple with Instarem.
Instarem is the cheapest option for sending money with a debit card between Iceland and Nigeria. This is of the 3 money transfer companies offering debit card payments on this route.
Credit cards
When it comes to credit card money transfers from Iceland to Nigeria, emerges as our top choice of the 3 companies offering this service.
Be aware of fees: using a credit card to transfer money often results in a fee being charged by your card issuer. That's why 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 Nigeria and Iceland.
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 Iceland to Nigeria.
We also provide unbiased and detailed reviews of all the top money transfer companies. You can use these reviews to send ISK to NGN.
For a deeper understanding of our commitment to integrity and transparency, we invite you to read our editorial policy document.
Money transfer company reviews
