Best ways to send money to Nigeria from the UK
🏅 The overall best way to send GBP to Nigeria: WorldRemit
💲 The cheapest way to send money to Nigeria from the UK: WorldRemit
⏲️ The fastest way to send money to Nigeria from the UK: WorldRemit
🏦 The best way to send money from the UK to Nigeria via a bank transfer: WorldRemit
💳 The best provider for credit card transfers from the UK to Nigeria: WorldRemit
💳 The best provider for debit card transfers from the UK to Nigeria: WorldRemit
Sending money from United Kingdom
The statistics show that immigration figures for the United Kingdom are increasing again after the pandemic. Nigeria is among the top ten countries on the list of migrants' countries of origin, so it's no wonder that millions of pounds yearly are transferred back from the UK to Nigeria. Here’s what you need to know about the process.
How do I send money from United Kingdom?
What details do I need to send money from United Kingdom?
Do I have to pay tax on money transfers from United Kingdom?
Sending money to Nigeria
You can send money to be received in Nigeria as either NGN or USD. Learn more about transferring funds to this country in our send money to Nigeria guide, or read the sections below to discover how to receive money in Nigeria.
How do I receive money in Nigeria?
What details do I need to receive money in Nigeria?
Do I have to pay tax on money transfers to Nigeria?
What is the fastest way to send money from United Kingdom to Nigeria?
When sending money from United Kingdom to Nigeria, speed is one of the biggest factors you need to consider in terms of the service offered by different money transfer providers. Currently, WorldRemit is the fastest way to send GBP - NGN.
Nigeria is over 4,000 miles away from the United Kingdom, but thanks to money transfer providers you can send money relatively quickly. If you want to ensure fast delivery when sending money from the UK to Nigeria, use a specialized provider.
Card deposits are often processed faster than bank transfers, though they can be more expensive. Choosing a cash pickup delivery method is likely the fastest way to get the money to the recipient.
You can use digital wallets like PayPal to send money to Nigeria from the UK. The problem is you end up paying a lot for the transfer, so it's best to avoid this option despite its speed.
How long does it take to send money from United Kingdom to Nigeria?
Although the internet allows sending money from the UK to Nigeria relatively quickly, and providers like WorldRemit and PassTo allow transfers in minutes, it does depend on certain factors:
Provider's and government's rules: Large transactions could attract the authorities' attention and require additional verifications. Also, providers could have different transaction types, so they might charge more for fast deliveries
Sending and delivery methods used: Combining card deposits and cash deliveries is usually the fastest. You can use MoneyTransfers.com to learn about delivery times to Nigeria and find the most suitable option
Timing of sending the money: Some providers don't operate 24/7, but you need to wait for the next working day if you send money outside the operating hours. Holidays and weekends could be times when transactions are delayed, too
What's the cheapest way to send money from United Kingdom to Nigeria?
In order to avoid high fees, you should consider the cheapest way to send money from United Kingdom to Nigeria. WorldRemit has been determined by our comparison engine to be currently offering you the cheapest rates possible.
You’ll find that sending money from the UK to Nigeria is cheapest when you use a money transfer provider and pay via bank transfer. While bank transfers are usually processed slower than card payments, there are fewer fees to contend with overall, so it often works out the best deal.
How much does it cost to send money from United Kingdom to Nigeria?
You can send money from the UK to Nigeria at the cost of £2.50 plus an exchange rate markup when you use PassTo. However, certain factors will affect the transaction cost, such as:
Conversion rates: The markup on offering lower rates than the mid-market is how providers earn from international transactions. For conversions from GBP to USD or NGN, it's better to use a money transfer provider. You can use MoneyTransfers.com to see the latest rates offered by different providers
Transaction fees: Providers usually charge a transfer fee for their service, a markup on the currency conversion, or a combination of the two - this is how they make money
Sending amount: Providers might be ready to lower or cancel fees when sending large amounts. Others, however, require extra payments for large sums instead of offering discounts, so choose carefully
What payment methods are available when sending money from United Kingdom to Nigeria
Money transfer providers support multiple payment methods, so the odds are you'll find the preferred option there. Payment methods vary in speed, cost, and ease of use, so here's a quick comparison of the options available.
Sending money from United Kingdom to Nigeria by credit card
Sending money from United Kingdom to Nigeria by debit card
Sending money from United Kingdom to Nigeria by bank transfer
Sending money from United Kingdom to Nigeria by digital wallet
What are the best apps for sending money from United Kingdom to Nigeria?
Apps are convenient because you can send money from any location. Thanks to mobile apps for Android and iOS, they can use smartphones to transfer funds abroad from any location.
The best apps to send money from the UK to Nigeria are available in a comparison secured by MoneyTransfers.com.
For example, WorldRemit is an excellent option for transferring funds on the move since the app is fast and works flawlessly, so you'll find it easy to use. Apart from simple sending forms, you'll benefit from other perks offered by money transfer providers, including equally low rates and fees like when using their websites.
About Money Transfers to Nigeria from the UK
We’ve compared the best money transfer providers to send money from the UK to Nigeria. The cheapest provider for GBP to NGN transfers is WorldRemit, while the fastest is WorldRemit.
💸 Number of providers | 10+ |
💰 Most transferred amount | 1000 NGN + |
💸 Cheapest provider (on average) | WorldRemit |
⚡ ️Fastest transfer time | In minutes with WorldRemit |
💱 Currency Transfer Pair | GBP - NGN |
📈 GBP - NGN mid market rate | 570.092655 |
💳 Pay-in options in the UK | Bank transfer from the UK with WorldRemit, Debit card with WorldRemit, Credit card with WorldRemit, PayPal |
💵 Pay-out options in Nigeria | Bank account, Debit card, Cash pickup in Nigeria |
🏆 Top 3 GBP - NGN providers | WorldRemit, Passto and Wise |