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Best Providers for Sending Money to Nigeria from South Africa
When considering how to send money Nigeria from South Africa there are some key aspects of the transfer that will impact the best provider for your needs.
There are plenty of international money transfer providers for South Africa to Nigeria. The fastest provider is VertoFX . The cheapest provider we found is VertoFX at 1.07% Above Mid-Market Rate.
If you’re looking for the best combination of price, speed, and reliability we recommend using VertoFX when sending ZAR – NGN.
This means that by using VertoFX for online money transfers to Nigeria from South Africa, you are likely to save on transfer fees and benefit from fast speeds – so your recipient will get more money and have it delivered in less time.
Alternatively, if you are unable to access VertoFX for any reason, our comparison engine has found also to be very good options when sending ZAR to NGN.
The cheapest way to send money from South Africa to Nigeria
The cost of transferring money will depend on the value of the transaction and amount of NGN you want the recipient in Nigeria to receive.
In order to avoid high fees, you should consider the cheapest way to send money from South Africa to Nigeria.
VertoFX has been determined by our comparison engine to be currently offering you the cheapest rates possible.
The fastest way to send money from South Africa to Nigeria
When sending money from South Africa to Nigeria, speed is one of the biggest factors you need to consider in terms of the service offered by different money transfer providers, particularly if you want to send money instantly. Currently, VertoFX is the fastest way to send ZAR – NGN.
What payment methods are available when sending money from South Africa to Nigeria?
Most money transfer providers allow you to deposit and send money using various payment methods, but not all providers offer every option. Typically you’ll find the most common methods are bank transfers and card payments, but many providers also accept cash and some will even deliver funds straight to your recipient’s door.
Sending money to Nigeria from South Africa using credit card
To avoid high fees you can opt to use an online money transfer provider such as to pay for your transfer to Nigeria. Our guide on sending money using a credit card has more information.
Sending money to Nigeria from South Africa using a debit card
With you can send money online to Nigeria using your debit card. But before making a payment, make sure you understand all the processing fees in place. Our guide on sending money using a debit card has more information.
Using a wire transfer to send money from South Africa to Nigeria
Bank and international wire transfers are the most common ways of sending money Nigeria as they are secure, reliable, and convenient. However, they often come with the slowest delivery times in case speed is an important factor for you. You can use VertoFX to send money using a bank or wire transfer at a great rate as long as you’re happy for your transfer to take 1-2 days.
When sending money to Nigeria from South Africa using bank account transfer you are paying for the outgoing fees, flat fees, currency exchange rate markup, and sometimes an additional incoming transfer fee. If you do decide to make an international transfer using wire transfer, you might be required to use a SWIFT/BIC code when completing your transaction. If you’re unsure of what it is, check out our guide on what is a SWIFT code as well as use our SWIFT code calculator to find the right SWIFT/BIC code.
On the other hand, you usually only pay a sender fee and a small exchange rate markup when using online money transfer services such as VertoFX .
Considerations for a ZAR to NGN Currency Transfer
Before sending money to Nigeria from South Africa, you should consider the following:
- The amount you want to transfer: It is likely that the more money you send to Nigeria the more value you will get and more NGN the recipient will receive. This is because any flat fee charged ends up as a smaller percentage of your transfer amount, and also because many providers allow you to negotiate a better exchange rate margin if sending large amounts.
- The ZAR – NGN exchange rate margin: Money transfer providers charge a small percentage on top of the mid-market exchange rates in order to generate revenue. Current mid market rate is 25.179467 and the lowest exchange rate margin is currently offered by VertoFX at 1.07% above the mid market rate.
- Hidden fees & charges: Before sending money to Nigeria, make sure the provider you are using doesn’t charge any hidden fees. Our reviews of the top ranked providers VertoFX , and will give insight here.
How to send money from South Africa to Nigeria at the best rate?
This one’s easy. Simply use our comparison table above to find the best provider to send ZAR to NGN. After that it’s just a process of making your transfer via the following steps:
- Click “Visit Site” inside our comparison table
- Register for an account if required
- Input how much you are willing to send
- Fund your transfer
- Receive & save an email confirming your transfer
How to receive transfers from ZAR to NGN in Nigeria?
Your recipient has a few methods available to receive your money in Nigeria. These will vary between providers, but it is possible to find services that will:
- Deposit NGN directly into a bank account
- Enable the recipient to pick up cash a specific locations across Nigeria
- Deliver money directly to their door
- Send NGN to your recipient’s mobile wallet
If your recipient is going to collect or have the money delivered to them in Nigeria, then they will usually need the following:
- A government issued I.D document
- The money transfer reference number
- Senders details and the amount of money sent
How much money can be transferred from South Africa to Nigeria?
The amount of NGN you can receive from South Africa will largely depend on the money transfer service you are using. There are providers that specialise in smaller remittance payments, and providers who specialise in larger transfers.
You should also check if there are any government regulations pertaining to the amount of NGN that can be received in Nigeria or sent from South Africa before making your transfer.