Send Money from Germany to Nigeria

Paysend and WorldRemit advertise no transfer fee on this corridor. That is not the same as cheapest: a provider with no fee recovers it through the exchange-rate margin, which is usually the larger of the two costs. Compare the final amount that arrives in Nigerian nairas across two or three services before you send, because the cheapest option changes with the amount and the payout method you choose.

Delivery ranges from minutes to a few business days depending on the provider and payout method. TransferGo, WorldRemit, Western Union and Instarem can deliver within minutes when you pay by debit card. Bank-funded and economy transfers typically take one to three business days but usually cost less. Transfers sent outside banking hours or over a weekend may not settle until the next working day.

Across the providers we compare, the available payout methods are paid in naira, 000 locations, Ecobank and Fidelity Bank, First Bank of Nigeria, bank deposit, cash pickup, mobile wallet, airtime top-up and card payout. The most widely used options in Nigeria are bank deposit to local naira accounts. Most digital providers pay directly into Nigerian bank accounts in naira, which is usually cheaper and faster than cash pickup. Not every provider supports every method, so check the table above before you commit.

No. Remitly, WorldRemit, Western Union and Ria Money Transfer offer cash pickup in Nigeria, so your recipient can collect the funds with valid photo ID and the transfer reference number. That said, bank deposit to local naira accounts generally cost less than cash collection.

Providers rarely give you the mid-market rate — the reference rate you see on Google or Reuters. Instead they add a margin, typically between 0.4% and 4%, and keep the difference. That margin is often larger than the visible transfer fee, which is why a "no fee" service can still be more expensive overall. For EUR to NGN, compare the quoted rate against the mid-market rate to see the real spread you are paying.

Yes, provided you use a licensed provider. Every service listed on this page is regulated in Germany under BaFin, which requires safeguarding of customer funds and identity verification. Send only to people you know personally, keep your transfer reference private, and be sceptical of anyone pressuring you to send money urgently to someone you have not met.

Yes. Each provider sets its own transfer limits, which vary by how much identity verification you have completed and how you pay. Larger transfers may require additional documentation such as proof of source of funds. For transfers above roughly €10,000, a specialist foreign-exchange broker will often beat an app on rate.

Every provider verified here pays out in naira rather than into a foreign-currency domiciliary account, so on the zero-fee offers the euro to naira rate is the entire cost of the transfer. None of the German-market pages read for this corridor names the official market window as the source of its rate. That is worth knowing rather than assuming: the rate a provider applies is its own, and the only way to compare is on the naira the recipient actually receives. Payout rails split the field. Remitly, WorldRemit, Western Union and Ria all publish cash pickup or mobile money alongside bank deposit, while Wise, Paysend, TransferGo, Instarem and Panda Remit publish bank deposit only.