In the past decades, credit unions like Western Union were the only means through which you could send money to Nigeria bank accounts from the USA, which came with lots of setbacks . Thanks to fintech companies which have revolutionized conventional fund transfer methods, offering more convenient and hassle-free money transfers mediums.
With the advent of fintech companies, many mobile apps have been developed that allow users to transfer funds from the USA to Nigeria. The amazing thing about these transfer apps is that they charge very little or no fees for their transactions, and the recipient can receive the fund in a matter of days.
However, each app has features that are peculiar to it with terms that regulate their mode of operation. So, it is important to understand how each of these apps works before using it to make transfers.
Best App to Send Money From USA to Nigeria Bank Account
There are numerous apps that you can use to send money from the USA to Nigeria bank account, the apps are outlined below:
1. WorldRemit
WorldRemit is an international money transfer service that can be used to send money from the USA to a Nigerian bank account. WorldRemit transfer service makes provision for extensive coverage, providing numerous cash pickup locations to enable recipients to receive the money with ease.
WorldRemit transfer service offers a wide range of options for sending money to Nigeria from the USA, like bank transfers, mobile money & cash pickups. These options are available for both the sender and receiver to enjoy convenience during the transaction process. Currently, WorldRemit is the cheapest mobile app for fund transfer from the USA to Nigeria. They charge a 12.4% fee for their services.
Banks in Nigeria that you can transfer money from the USA using WorldRemit include: FirstBank, GT Bank, UBA, Union Bank, Zenith Bank, Access Bank, Ecobank, FCMB, and Fidelity bank.
2. Instarem
Another affordable money transfer service that can be used to send money to Nigeria from the USA is Instarem. Their exchange rate is relatively good. One of the good features of Instarem is that it offers speedy transfers, hence the funds can reach the recipient within 24 hours. Instarem charges a $30 fee for their services.
3. Remitly
Remitly is a money transfer service that allows individuals to send money from the USA to Nigeria. When it comes to secure & reliable international transfer, Remitly is always an option to consider. Remitly has both express and economy fees depending on the ones you need. Express fee is usually costlier ranging from $3.99 – $58.99, while economy fee is cost-effective ranging from $3.49- $29.99 depending on the amount you wish to transfer. The higher the amount you want to transfer, the greater the fees and vice versa.
Banks in Nigeria that you can send money from the USA using Remitly include First Bank, Access Bank, Ecobank, Union Bank, Polaris Bank,United Bank For Africa (UBA), GT Bank, Fidelity Bank, and First City Monument Bank (FCMB).
4. MoneyGram
MoneyGram is one of the popular foreign money transfer services that you can use to send money to Nigeria from the USA. This transfer service is mostly available in Anglophone (English-speaking countries). MoneyGram charges a 1.8% fee for their services.
Banks in Nigeria that you can transfer money to include Access Bank, Ecobank, Union Bank, Polaris Bank,United Bank For Africa (UBA), GT Bank, Fidelity Bank, First City Monument Bank (FCMB), Unity Bank, Polaris, WEMA Bank, First Bank, Zenith Bank.
5. RIA Money Transfer
If you need your fund transfer from the USA to Nigeria to be received within five working days, then you can try RIA Money transfer. They offer a fund transfer service that you can use conveniently to transfer from the USA to Nigeria with ease. However, the RIA Money Transfer daily limit for Nigeria is around $500. With RIA Money Transfer, you can send money to different banks in Nigeria like First Bank, Ecobank, Skye Bank, Access Bank etc..
6. Eversend
You can also send money to Nigeria from the USA using Eversend. Their mobile app is designed to fasten foreign transactions. Eversend charges 1.5–3.5% fee. Their app allows users to create virtual debit cards, hence you can load your virtual debit card with USD and carry our transfer with ease. The commercial banks in Nigeria you can transfer money to are First Bank, Zenith Bank, GTBank etc.
7. Changera
Another mobile app that can allow you to transfer money from the USA to Nigeria is Changera. Their services are relatively fast and their charges are competitive. They partner with most banks in Nigeria, hence you can transfer money to different banks like Zenith Bank, Access Bank, First Bank etc with the Changera transfer service.
8. Afriex App
Afriex App is another popular fund transfer app that you can use to transfer money to Nigeria. The app is not all that difficult to use, just download the app & sign up to get started. Afriex works with many banks in Nigeria and they have competitive charges.
Factors to Consider When Choosing an International Transfer App for Fund Transfer from the USA to Nigeria.
Whenever you want to transfer money from the USA to Nigeria, there are important factors that you should take into consideration. Some of the factors are:
- The transfer fee of the app you want to use.
- You’ll also need to consider the duration it will take for the fund to reach the recipient.
- It is also vital to consider the banks in Nigeria that can receive money from such apps.
Conclusion
With the help of different transfer apps, you can send money from the USA to Nigeria with ease. However, before you think of using these transfer apps, it is best to understand their terms & conditions, like their fees and the duration it will take for the recipient to receive the fund. By understanding their terms, you will be able to use their services optimally. Don’t forget to subscribe to our newsletter to get updates when we make new posts. Cheers!
