Sending money to Nigeria from United States
The World Bank surveyed 5 providers on this corridor. On $200 the cheapest costs -1.83% of what you send and the dearest 4.76%. Enter your own amount below — the ranking changes with it.
Cheapest surveyed
WorldRemit
$-3.66 to send $200
(-1.83%)
The dearest would cost you
$13.18
more, for the same transfer
Note: the survey priced this corridor at $200 and $500. Outside that range these figures are projected from each provider's fee and margin rather than directly observed.
Every provider, ranked at $200
The fee and the exchange-rate margin are shown separately on purpose. A transfer advertised as "no fee" can still be the expensive one, because the margin is where the cost hides.
| Provider |
Type |
Fee |
FX margin |
Total cost |
% of transfer |
|
WorldRemit
2 days |
Money Transfer Operator |
$0.00 |
$-3.66 |
$-3.66 |
-1.83% |
|
Walmart2World
Less than one hour |
Money Transfer Operator |
$0.00 |
$-1.46 |
$-1.46 |
-0.73% |
|
MoneyGram
2 days |
Money Transfer Operator |
$1.99 |
$-0.46 |
$1.53 |
0.77% |
|
Western Union
3-5 days |
Money Transfer Operator |
$1.99 |
$-0.40 |
$1.59 |
0.80% |
|
Ria
Less than one hour |
Money Transfer Operator |
$9.00 |
$0.52 |
$9.52 |
4.76% |
A cost below zero is not a mistake. On competitive corridors a provider will occasionally pay a better exchange rate than the mid-market benchmark and charge no fee, so you receive slightly more than the benchmark says you should. It is a promotional position rather than a permanent one, and it is the first thing to change between surveys.
How to read these numbers
The cost of a transfer is the fee plus the margin the provider takes on the exchange rate. The margin is invisible at the counter: you are quoted a rate, not the difference between that rate and the interbank one, so a "free" transfer can quietly cost more than one with a fee attached. Both are separated in the table above.
Percentages fall as the amount rises wherever a provider charges a flat fee, which is why the same provider can be the cheapest at one amount and not at another. That is exactly what the calculator is for — the ranking above is computed at your amount, not at a fixed one.
Source: The World Bank, Remittance Prices Worldwide, available at https://remittanceprices.worldbank.org — survey period 2025 Q1, field-collected to 11 March 2025.
Licensed CC BY 4.0. These are surveyed benchmark costs from a dated quarterly study, not live quotes, and providers change pricing between surveys — check the current cost with the provider before you send. The World Bank does not endorse this use of its data. This is general information, not financial advice.
