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Overall best way: WorldRemit
We tested & reviewed 5 transfer providers, and WorldRemit scored highly.
In the last six months, WorldRemit appeared in 79% of South Africa to Nigeria searches, and was the top rated company supporting payments South Africa into Naira.
So for a great mix of cost, speed & features, make your South Africa to Nigeria transfer using WorldRemit.
Getting the best deal on your South Africa to Nigeria transfer
- Always compare rates
Don't pay more than you have to. Our live comparison tool will give you the best rates for sending money from South Africa to Nigeria.
- Choose a provider
Select the provider that offers you the best value & service for transfers between South Africa and Nigeria.
- Click, sign up & send
Follow the steps & make your transfer. Your funds will soon be on their way to Nigeria.
Summary of recent searches
Sending money from South Africa to Nigeria considerations
A comparison of providers offering services between South Africa and Nigeria is the easiest way to ensure the best deal.
We've compared 5 providers that offer services for sending Rand to Nigeria.
This ensures you will get the best options for your transfer to Nigeria from South Africa.
Whilst we rate WorldRemit as the best overall, comparing gives you a comprehensive view of all the options for transferring money from South Africa to Nigeria.
Cheapest way to send money to Nigeria from South Africa: WorldRemit
Data collected through our comparison over the past six months shows that WorldRemit is 0% cheaper than the second-best option.
The cost is made up of an average fee of 0* ZAR and an exchange rate for buying Naira with Rand that is 3.54% different to the mid-market rate.
If you want to secure the best rates on a South Africa to Nigeria transfer, WorldRemit offers value. We would still recommend searching for the amount you want to send to Nigeria.
*The most common fee applied to ZAR-NGN by WorldRemit, based on data from the past six months.
Fastest money transfers from South Africa to Nigeria: WorldRemit.
Through our comparison, we found WorldRemit to be the fastest option to transfer money from South Africa to Naira in 78.1% of instances.
Over the last six months, sending money from South Africa to Nigeria through WorldRemit have an average fee of 0 ZAR.
WorldRemit was one of 5 money transfer providers we compared for overall speed of sending money from South Africa to Nigeria. This speed test included depositing Rands 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 South Africa to Nigeria.
Transferring large sums of money
Of the 5 money transfer companies tested, WorldRemit is the strongest option for large transfers from South Africa to Nigeria.
Reasons for sending large sums of money vary and include business or property purchases. But whatever the reason, sending large amounts of money from South Africa to Nigeria can become expensive through your bank or with the wrong provider.
WorldRemit is our choice for sending large sums of money to ZAR because they offer a strong all-round product.
Understanding the cost of sending money to Nigeria from South Africa
The cost of sending money from Nigeria to Nigeria, is made-up of a combination of fees and exchange rates:
The Mid-Market and Exchange Rates: The mid-market rate determines a mid-price for buying currency. The current mid-market rate from ZAR-NGN is 92.9243 NGN per Rand.
Finding a provider offering an exchange as close to 92.9243 as possible will ensure more Naira received when transferring.
For context, the ZAR-NGN mid-market rate for the past three months has averaged 89.1339 NGN per Rand. This includes a high of 97.52, and low of 71.4628.
WorldRemit currently offers the best exchange rate on transfers from South Africa to Nigeria.
For the most part the ZAR-NGN exchange rate you receive is the biggest factor impacting the cost of sending ZAR to Nigeria.
Fees: Outside of exchange rates, you may need to pay a fee to send. WorldRemit currently offers the lowest fees on transfers to Nigeria from South Africa, averaging 0 ZAR over the last 6 months. Although this does include large transfers as well, we recommend searching for your exact send amount for an exact fee.
Amount Received: The amount received in Naira is the amount you started with, minus the amount you paid in the exchange and fees.
The better deal you get on exchanging Rands to NGN, paired with a low fee, means a higher total amount received in Nigeria.
Getting best exchange rate for transfers between Rand and Naira
Timing is essential for transferring money between ZAR and NGN. The exchange rate you secure impacts how much NGN you get for your ZAR.
The recent trends between the currencies are:
Over the past six months, the mid-market rate from ZAR to NGN has moved slightly. On average, it was 89.1339.
During this same period,there was a high of 97.52, and a low of 71.4628.
WorldRemit, which is our recommended service to send money online from South Africa to Nigeria offers an exchange rate that is only 6.64% above the mid-market rate.
Want to secure the best ZAR-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 South Africa to Nigeria!
Payment options for South Africa to Nigeria money transfers
Bank transfers
Bank transfers are usually the best and easiest way to send money from South Africa to Nigeria.
By using a money transfer company such as WorldRemit for transfers from South Africa to Nigeria, you can send money via a bank transfer while benefitting from lower fees and more favorable exchange rates than you would get from a traditional bank.
WorldRemit is the cheapest money transfer company for bank transfers from the 5 we compared for transfers from ZAR into Nigeria.With an average fee of 0 ZAR to send money from South Africa to Nigeria, WorldRemit offers a strong combination of competitive exchange rates and lower fees.
Debit cards and prepaid options
Sending money from South Africa to Nigeria with a debit or a prepaid card is available through Instarem.
Instarem is a one of the cheaper options for debit card payments for transfers from South Africa to Nigeria. This cost is against a total of 5 money transfer companies offering this option.
Credit cards
When it comes to international credit card transfers from South Africa to Nigeria, Instarem emerges as our top choice of the 5 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. Where possible, we recommend a bank transfer or debit card payment.
How we analyze the market
We track the cost, speed, and product offerings of the leading money transfer services available between Nigeria and South Africa.
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 South Africa to Nigeria.
We also provide unbiased and detailed reviews of all the top money transfer companies. You can use these reviews to send ZAR 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
