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Send money from Spain to Nigeria
"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."
"Xe has over 30 years of currency exchange experience, and is one of the most reputable names on the market. 200 countries, 100 currencies, & funds often received in seconds."
"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."
"Card-to-card transfers can be received in just two minutes."
"Remitly focuses on sending money to friends and family in Asia, Africa and South America. Wide coverage and well-suited to regular transfers home."
"24/7 live chat support provided in six languages. Special first transfer rates available, with airtime topup supported to many countries in Africa, Asia and South America."
"Xe has over 30 years of currency exchange experience, and is one of the most reputable names on the market. 200 countries, 100 currencies, & funds often received in seconds."
"Most transfers are instant or same-day. Customers can earn rewards on every transaction."
HSBCRecipient gets (NGN)₦12,075,489.81Not recommended
"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."
"Xe has over 30 years of currency exchange experience, and is one of the most reputable names on the market. 200 countries, 100 currencies, & funds often received in seconds."
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.
Best recommended: Wise
Of the 10 money transfer providers tested and reviewed, Wise will get you the most NGN (12,645,823.8) based on our 7-day analysis.
Wise appeared in 100% of Spain to Nigeria searches, and was the top rated company supporting EUR to NGN transfers.
How to send money from Spain 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 Spain.
- 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.
Summary of recent searches
Considerations for sending money from Spain to Nigeria
Always compare ways to send money from Spain to Nigeria to get the best options for fees, speed, and reliability.
Our analysis included 10 providers that operate between Spain and Nigeria.
Through this, you get a comprehensive view of all the options you have in Spain when you need to send money to Nigeria.
Cheapest way to transfer money from Spain to Nigeria: Wise
Our data shows that Wise is 0.38% cheaper than the second-best option.
The company offers an average fee of 48.04* EUR and an average exchange rate between EUR and NGN that is -2.01% different from the mid-market rate.
For a cheap way to send EUR to Nigeria, Wise is a great all round choice.
*The most common fee applied to EUR-NGN by Wise, based on data from the past 7 days.
Fastest way to send money to Nigeria from Spain: Wise
Our comparison shows that Wise is the fastest option for sending Euro into Naira 100% of the time.
With Wise, the average transfer time is: within minutes (based on a 7-day average ).
A EUR-Naira transfer through Wise comes with an average 48.04 EUR fee.
This comparison is based on the overall speed of sending 7,000 EUR to Nigeria and is a combination of depositing Euro, transfer times to Nigeria and withdrawal timeframes, where applicable.
When speed is a priority, Wise is the top choice for sending into Nigeria from Spain.
Send large sums of money
Wise offers the strongest all round option for large transfers of the 10 money transfer companies compared.
Whether for business or a property purchase, sending large amounts of money can be expensive if you get a bad exchange rate from Naira to Naira.
As such, opt for Wise for sending large sums of money to Nigeria from Spain.
Pick the right payment method when sending money to Nigeria from Spain
When sending money to Nigeria from Spain, it is important to consider your needs and the payment method you will be using. Some payment methods can be faster but will cost more, while others might have lower fees but get you more NGN.
Below is the data from our search results from the past week. It is based on €7,000 transfer to Nigeria from Spain.
Overall best way to send money to Nigeria from Spain
Funding method | Provider | FX Rate & Markup | Transfer Fee | NGN Received |
|---|---|---|---|---|
Overall best | Wise (appeared 7 times last week) | 1819.0300 (-2.01% markup) | 48.04 | 12,645,823.8 NGN |
Bank transfer deposit | Wise (appeared in 100% of the searches last week) | 1819.0300 (-2.01% markup) | 48.04 | 12,645,823.8 NGN |
Debit card deposit | Wise (appeared 7/7 times in the past 7 days) | 1819.0300 (-2.01% markup) | 108.02 | 12,536,718.38 NGN |
Cheapest money transfer companies to send money to Nigeria from Spain
Funding method | Provider | FX Rate & Markup | Transfer Fee | NGN Received |
|---|---|---|---|---|
Overall best | Wise (appeared 5 times last week) | 1819.0300 (-2.01% markup) | 48.04 | 12,645,823.8 NGN |
Bank transfer deposit | Wise (appeared in 100% of the searches last week) | 1819.0300 (-2.01% markup) | 48.04 | 12,645,823.8 NGN |
Debit card deposit | Wise (appeared 7/7 times in the past 7 days) | 1819.0300 (-2.01% markup) | 108.02 | 12,536,718.38 NGN |
Money transfer companies with the lowest EUR fees
Funding method | Provider | FX Rate & Markup | Transfer Fee | NGN Received |
|---|---|---|---|---|
Overall best | WorldRemit (appeared 4 times last week) | 1795.5030 (-1.06% markup) | 0 | 12,568,521 NGN |
Bank transfer deposit | Profee (appeared in 100% of the searches last week) | 1798.3237 (-0.56% markup) | 0 | 12,588,265.61 NGN |
Debit card deposit | Xe (appeared 7/7 times in the past 7 days) | 1771.8150 (0.97% markup) | 0 | 12,402,705 NGN |
Fastest money transfer companies to send money to Nigeria from Spain
Funding method | Provider | FX Rate & Markup | Transfer Fee | NGN Received |
|---|---|---|---|---|
Overall best | Wise (appeared 7 times last week) | 1819.0300 (-2.01% markup) | 48.04 | 12,645,823.8 NGN |
Bank transfer deposit | Wise (appeared in 100% of the searches last week) | 1819.0300 (-2.01% markup) | 48.04 | 12,645,823.8 NGN |
Debit card deposit | Wise (appeared 7/7 times in the past 7 days) | 1819.0300 (-2.01% markup) | 108.02 | 12,536,718.38 NGN |
We recommend avoiding the following companies, as they are the most expensive for transfers from Spain to Nigeria:
Overall most expensive option: Sendwave. It will cost you €0 to send money to Nigeria, and your recipient will get 12,249,002.47 NGN.
Most expensive for bank transfer deposits: Sendwave. It will cost you €0 to send money to Nigeria, and your recipient will get 12,249,002.47 NGN.
Most expensive for debit card deposits: Xe. It will cost you €0 to send money to Nigeria, and your recipient will get 12,402,705 NGN.
Understanding the cost of sending money from Spain to Nigeria
Ensuring a strong combination of fees and exchange rates ensures the best deal on money transfers from Spain to Nigeria.
The Mid-Market and Exchange Rates: Finding a provider as close to mid-market rate as possible will ensure more Naira for your Euro. The current EUR-NGN mid-market rate is 1,782.7843 NGN per Euro.
This rate changes regularly so it can pay to track it. For comparison, the EUR-NGN mid-market rate for the past 7 days has averaged 1,777.7477 NGN per Euro, with a low of 1,767.364 and a high of 1,785.5689.
Wise is currently offering the best exchange rate from the 10 companies compared.
Often the EUR-NGN exchange rate you pay is the biggest cost factor when transferring Euros to Nigeria.
Fees: Money transfer fees are charged on top the exchange rate and can be set, or a percentage of the total amount of Euro you’re sending to Nigeria. Wise currently has the lowest fees for transfers into NGN at an average of 48.04 EUR over the last week. We always recommend searching for your exact send amount for an exact fee.
Amount Received: The amount received in Naira is the biggest indicator of the total cost of sending money to Nigeria from Spain. The bigger the amount received in Nigeria, the lower the overall cost of sending from Spain.
How to find the best exchange rate for Euro to Naira
Timing is essential for sending money between EUR and NGN. The exchange rate you secure impacts how much NGN you get for your EUR.
Let's dive into some interesting recent trends.
In the last 7 days, the exchange rate from EUR to NGN has seen some fluctuation. On average, it stood at 1,777.7477.
During this period, the highest value recorded was 1,785.5689, while the lowest was 1,767.364.
Wise, which is our recommended service to send money online from Spain to Nigeria offers an exchange rate that is only -2.01% above the mid-market rate.
Want to secure the best EUR-Naira exchange rates?
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Payment methods for Spain to Nigeria transfers
Bank transfers
Bank transfers are often the fastest option, and normally the cheapest, for sending money from Spain to Nigeria.
By opting for a money transfer company such as Wise for transfers from Spain to Nigeria, you can send money via a bank transfer while benefitting from lower fees and more favorable exchange rates.
On average, Wise is the cheapest provider for bank transfers from the 10 we tested when sending EUR to Nigeria.
With an average fee of EUR48.04 to send money from Spain to Nigeria, Wise offers a great combination of competitive exchange rates and lower fees.
Debit and prepaid card payments
Using a debit card, or prepaid option, for sending money from Spain to Nigeria is easy with Wise.
Wise is a market leader in debit card payments for transfers from Spain to Nigeria, this is among a total of 10 money transfer companies compared.
Credit card transfers
When it comes to credit card transfers from Spain to Nigeria, we recommend running a quick comparison to get the best deal as not many companies offer direct credit card deposits.
Fee alert: credit card money transfers often result in a cash advance fee being charged by your card issuer. We recommend bank transfer or debit card where possible.
How we analyze the market
We track the cost, speed, and product offerings of the leading money transfer services available between Nigeria and Spain.
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 Spain 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.
Money transfer company reviews
