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Send money from Mali to Nigeria
While you can’t send XOF to NGN with Wise, you can transfer USD to USD.
"Over 16 million customers use Wise, mostly for their excellent mobile app, transparent fee structure & use of mid-market rates. Now increasingly used for larger transfers."
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.
How to send money from Mali to Nigeria
Sending money from Mali to Nigeria doesn’t have a huge amount of options. Because of this, we suggest sending money via:
Wise (USD/USD or EUR/EUR transfers)
How to send money from Mali to Nigeria
- Always compare rates
Don't pay more than you have to. Use our live comparison tool to make sure you get the best rates on converting into Naira from Mali.
- Choose a provider
Select the provider offering the best way to send to Nigeria based on your needs.
- Click, sign up & send
Follow the steps & make your transfer. Your Naira will soon be on their way to Nigeria.
Sending money from Mali to Nigeria: key insights and tips
Don't settle for the first option. Always compare ways to send money from Mali to Nigeria to find out about fees, speed, and reliability.
Your analysis should include all the providers that operate between Mali and Nigeria. Through this, you get a comprehensive view of all the options you have in Mali when you need to send money to Nigeria.
Cheapest way to send money from Mali to Nigeria
Without any money transfer providers serving the Mali to Nigeria route, the cheapest money transfer options are limited.
We would recommend using:
Understanding the costs involved when moving money from Mali to Nigeria
When calculating the costs of money transfers between Mali and Nigeria, here's what really matters:
The Mid-Market Rate: Today, the XOF-NGN mid-market rate equals to 2.7407. Keep in mind that this rate fluctuates all the time.
The XOF-NGN average exchange rate of the past week has been 2.7215, with a highest of 2.7406 and a lowest of 2.7061.
Fees and Markups: When you pick a service with competitive exchange rates and low fees, you get to make the most out of your XOF to NGN transfers. This strategy keeps your costs down, offering a smart way to handle your international transactions.
Getting best exchange rate for transfers between CFA Franc BCEAO and Naira
Timing is essential for transferring money between XOF and NGN. The exchange rate you secure impacts how much NGN you get for your XOF.
The recent trends between the currencies are:
Over the past 7 days, the mid-market rate from XOF to NGN has moved slightly. On average, it was 2.7215.
During this same period,there was a high of 2.7406, and a low of 2.7061.
, which is our recommended service to send money online from Mali to Nigeria offers NGN per XOF which is only % above the mid-market rate.
Want to secure the best XOF-Naira exchange rates?
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What payment methods are available when sending money from Mali to Nigeria?
Sending bank transfers from Mali to Nigeria
Bank transfers are the most common way of sending XOF to Nigeria as they are secure, reliable, and convenient.
If you want to send CFA Franc BCEAOs to Nigeria via bank transfer, you can use your bank where no provider is available, but it will likely be at a bad exchange rate.
Sending money from Mali to Nigeria by credit card
Credit card payments are quick, convenient, and typically more secure than other methods, thanks to backing by the issuing party. Some users may even be able to rack up reward points when making large transactions.
If you want to send CFA Franc BCEAOs to Nigeria with a credit card.
Note: Beware of chargesCredit card payments are often classified as cash advances, which bring their own charges, as well as currency conversion and usage fees. Forgetting to pay your balance can also result in high interest charges, and can even damage your credit score.
Sending money from Mali to Nigeria by payment apps
If you’d like to send money from Mali to Nigeria via payment app, follow these steps:
Download the app and register. Download the app from the App Store or Google Play. You’ll need to register to be able to open an account. Make sure the app services transfers from Mali to Nigeria.
Enter your details. Enter any of the details required. You may need a valid form of ID.
Start your transfer. Enter the details of your recipient. Some apps will require full payment details, while others allow you to pay with just an email address. You may need to state that you’re planning to send money to Nigeria in Naira at this stage.
Check the details. It’s vital that you check the details you’ve added to make sure everything is correct. It can be very difficult to reverse a transfer, and most payment apps don’t let you cancel a transfer from Mali to Nigeria after it’s been sent.
Send the money. Your app will probably charge a fee for the transfer. They may also add a markup to the XOF to NGN exchange rate. Check the rate they’re offering against the mid-market rate to make sure you’re getting a good deal.
The current mid-market rate of XOF to NGN is 2.7407
How we analyze the market
We track the cost, speed, and product offerings of the leading money transfer services available between Nigeria and Mali.
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 Mali to Nigeria.
We also provide unbiased and detailed reviews of all the top money transfer companies. You can use these reviews to send XOF to NGN.
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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