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Send money from South Africa to Nigeria
While you can’t send ZAR 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 South Africa to Nigeria
Sending money from South Africa to Nigeria doesn’t have a huge amount of options. Because of this, we would recommend sending money via:
Wise (USD/USD or EUR/EUR transfers)
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.
Sending money from South Africa to Nigeria: key insights and tips
Don't settle for the first option. Always compare ways to send money from South Africa to Nigeria to find out about fees, speed, and reliability.
Your analysis should include all the providers that operate between South Africa and Nigeria. Through this, you get a comprehensive view of all the options you have in South Africa when you need to send money to Nigeria.
Cheapest way to send money from South Africa to Nigeria
Without any money transfer providers serving the South Africa to Nigeria route, the cheapest money transfer options are limited.
We would recommend using:
Understanding the costs involved when moving money from South Africa to Nigeria
When calculating the costs of money transfers between South Africa and Nigeria, here's what really matters:
The Mid-Market Rate: Today, the ZAR-NGN mid-market rate equals to 86.4347. Keep in mind that this rate fluctuates all the time.
The ZAR-NGN average exchange rate of the past week has been 85.8157, with a highest of 86.4446 and a lowest of 85.2491.
Fees and Markups: When you pick a service with competitive exchange rates and low fees, you get to make the most out of your ZAR to NGN transfers. This strategy keeps your costs down, offering a smart way to handle your international transactions.
How to find the best exchange rate for Rand to Naira
Timing is essential for sending money between ZAR and NGN. The exchange rate you secure impacts how much NGN you get for your ZAR.
Let's dive into some interesting recent trends.
In the last 7 days, the exchange rate from ZAR to NGN has seen some fluctuation. On average, it stood at 85.8157.
During this period, the highest value recorded was 86.4446, while the lowest was 85.2491.
, which is our recommended service to send money online from South Africa to Nigeria offers an exchange rate that is only % above the mid-market rate.
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What payment methods are available when sending money from South Africa to Nigeria?
Sending bank transfers from South Africa to Nigeria
Bank transfers are the most common way of sending ZAR to Nigeria as they are secure, reliable, and convenient.
If you want to send Rands 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 South Africa 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 Rands 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 South Africa to Nigeria by payment apps
If you’d like to send money from South Africa 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 South Africa 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 South Africa 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 ZAR 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 ZAR to NGN is 86.4347
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.
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