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How to send money from Malta to Nigeria
Sending money from Malta to Nigeria doesn’t have a huge amount of options. Because of this, we would recommend sending money via:
How to get the best deal on sending money from Malta to Nigeria
- Always compare rates
Don't pay more than you need to. Use our live comparison tool to get an overall cost of exchange rates and fees when sending money from Malta to Nigeria.
- Choose a provider
Select the provider that offers you the best value & service for transfers between Malta and Nigeria.
- Click, sign up & send
Follow the steps & start your transfer. Your funds will soon be on their way to Nigeria.
Sending money from Malta to Nigeria: key insights and tips
Don't settle for the first option. Always compare ways to send money from Malta to Nigeria to find out about fees, speed, and reliability.
Your analysis should include all the providers that operate between Malta and Nigeria. Through this, you get a comprehensive view of all the options you have in Malta when you need to send money to Nigeria.
Cheapest way to send money from Malta to Nigeria
Without any money transfer providers serving the Malta to Nigeria route, the cheapest money transfer options are limited.
We would recommend using:
Understanding the costs involved when moving money from Malta to Nigeria
When calculating the costs of money transfers between Malta and Nigeria, here's what really matters:
The Mid-Market Rate: Today, the EUR-NGN mid-market rate equals to 1,610.6098. Keep in mind that this rate fluctuates all the time.
The EUR-NGN average exchange rate of the past three months has been 1,759.3372, with a highest of 1,869.6027 and a lowest of 1,590.5433.
Fees and Markups: When you pick a service with competitive exchange rates and low fees, you get to make the most out of your EUR to NGN transfers. This strategy keeps your costs down, offering a smart way to handle your international transactions.
The best exchange rate for Euro to Naira transfers
When sending money between EUR 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 EUR.
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 EUR to NGN has been 1,759.3372.
During this period, there was a high of 1,869.6027, and 1,590.5433 being the lowest point.
TransferGo, which is our recommended service to send money online from Malta to Nigeria offers an exchange rate with a -45.36% markup against the mid-market rate.
Want to secure the best EUR-Naira exchange rates?
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What payment methods are available when sending money from Malta to Nigeria?
Sending bank transfers from Malta to Nigeria
Bank transfers are the most common way of sending EUR to Nigeria as they are secure, reliable, and convenient.
If you want to send Euros 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 Malta 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 Euros 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 Malta to Nigeria by payment apps
If you’d like to send money from Malta 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 Malta 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 Malta 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 EUR 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 EUR to NGN is 1,610.6098
How we analyze the market
We track the cost, speed, and product offerings of the leading money transfer services available between Nigeria and Malta.
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 Malta to Nigeria.
We also provide unbiased and detailed reviews of all the top money transfer companies. You can use these reviews to send EUR to NGN.
For a deeper understanding of our commitment to integrity and transparency, we invite you to read our editorial policy document.
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