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Companies for transfers 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."
"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."
"Revolut has 50+ million customers globally. You can hold up to 36 currencies in the app and send money quickly in 70+ currencies to 160+ countries."
"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."
"Remitly focuses on sending money to friends and family in Asia, Africa and South America. Wide coverage and well-suited to regular transfers home."
"Cambridge Currencies is a boutique UK-based currency broker helping clients send funds globally. Expect personable service & competitive rates from this new industry entrant."
"Card-to-card transfers can be received in just two minutes."
"Sendwave is trusted by over 1 million users across the US, UK, Canada and EU. 24/7 support is available online and via the app."
"Send money to over 40 destinations online and in the mobile app."
"Paysend has transparent fees and rates, with transfer sent within seconds to your recipient's bank. They also have global 24/7 support for any enquiries, and bank-level security."
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.
Overall best way: WorldRemit
We tested & reviewed 15 transfer providers, and WorldRemit scored highly.
In the last six months, WorldRemit appeared in 51.6% of Spain to Nigeria searches, and was the top rated company supporting payments Spain into Naira.
So for a great mix of cost, speed & features, make your Spain to Nigeria transfer using WorldRemit.
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 money transfers from Spain to Nigeria
Comparing providers offering services between Spain and Nigeria, based on your specific needs is the best way to send money with confidence.
Our comparison includes 15 companies that provide the ability to send Euro to Nigeria.
This ensures you get the best options for transfers to Nigeria from Spain, based on the amount you want to send.
Cheapest way to send money to Nigeria from Spain: Dahabshiil
Data collected through our comparison over the past six months shows that Dahabshiil is 0% cheaper than the second-best option.
The cost is made up of an average fee of 0* EUR and an exchange rate for buying Naira with Euro that is -4.06% different to the mid-market rate.
If you want to secure the best rates on a Spain to Nigeria transfer, Dahabshiil offers value. We would still recommend searching for the amount you want to send to Nigeria.
*The most common fee applied to EUR-NGN by Dahabshiil, based on data from the past six months.
Fastest money transfers from Spain to Nigeria: Ria Money Transfer.
Through our comparison, we found Ria Money Transfer to be the fastest option to transfer money from Spain to Naira in 40.6% of instances.
Over the last six months, sending money from Spain to Nigeria through Ria Money Transfer have an average fee of 4 EUR.
Ria Money Transfer was one of 15 money transfer providers we compared for overall speed of sending money from Spain to Nigeria. This speed test included depositing Euros to an account and the average timeframe for sending money to Nigeria.
When fast transfers are a priority, Ria Money Transfer is our best choice for sending from Spain to Nigeria.
Send large sums of money abroad with Currencies Direct
From the 15 options we compared, Currencies Direct offers the strongest all-round option for large transfers to Nigeria from Spain.
Whatever the reason, sending large sums of money can be expensive if you get a bad exchange rate from Nairas to Naira.
As such, we recommend Currencies Direct for large transfers between Nigeria and Spain.
Understanding the cost of moving money to Nigeria from Spain
The total cost of money transfers to Nigeria from Spain, is a combination of exchange rates and fees. Sending with a company that can offer a good competitive rate and low (or no) fees is the best way to get a good deal.
The Mid-Market and Exchange Rates: The current mid-market for EUR-NGN is 1,586.8974 NGN per Euro.
Using a transfer company offering an exchange rate closer to this will result in being able to buy more Naira for your Euros.
On average for the last three months, the EUR-NGN mid-market rate has been 1,705.9411 NGN per Euro. This hit a high of 1,869.6027, and a low of 1,528.8411.
From the 15 companies compared, Dahabshiil offers the best exchange rates.
The biggest factor in the overall cost of sending money is the exchange rate you receive on converting EUR to NGN.
Fees: Some money transfers between Spain and Nigeria will be subject to fees. Dahabshiil has had an average fee of 0 EUR per transfer over the last 6 months. Although, you should search for your send amount for actual fees as your scenario may be different.
Amount Received: Money transfer companies will show you the amount of Naira eventually received in Nigeria.
This number should guide you, as a higher amount of money received in Nigeria means a better overall cost of sending money from Spain.
Getting best exchange rate for transferring Euro to Naira
When transferring money between EUR and NGN, timing can make a huge difference. The exchange rate you secure impacts how much NGN you get for your EUR.
Let's dive into some interesting recent trends.
Over the past six months, the mid-market rate from EUR to NGN has fluctuated slightly. On average, it was 1,705.9411.
Across this six month period, the highest value recorded was 1,869.6027, while the lowest was 1,528.8411.
WorldRemit, which is our recommended service to send money online from Spain to Nigeria offers an exchange rate that is only 3.42% above the mid-market rate.
Want to secure the best EUR-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 Spain to Nigeria!
Funding your Spain to Nigeria money transfer
Bank transfers
Bank transfers are often the best and easier way to send money from Spain to Nigeria.
By using a money transfer company such as Dahabshiil for transfers from Spain to Nigeria, you can send money via a bank transfer and benefit from lower fees and more favorable exchange rates than would be offered by a bank.
On average, Dahabshiil is the cheapest way to send money via a bank transfer. This is of the 15 companies we tested when sending EUR to Nigeria.
With an average fee of 0 EUR to send money from Spain to Nigeria, Dahabshiil offers a decent combination of competitive exchange rates and lower fees.
Debit and prepaid cards
Sending money from Spain to Nigeria with a debit or a prepaid card is easy with Instarem.
Instarem is a leading money transfer company for debit card payments, and offers transfers from Spain to Nigeria.
Credit cards
When it comes to sending money with a credit card from Spain to Nigeria, is our top choice of the 15 companies offering this service.
Keep on top of fees: using a credit card to transfer money can result in a fee being charged by your card issuer. Where possible, we recommend bank transfer or debit card instead.
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
