Send Money from Spain to Nigeria

Measured on the full cost — the transfer fee plus the exchange-rate margin — Wise is cheapest on this corridor at €1,000, across the 2 providers we hold checked figures for. The cheapest provider also changes with the amount you send, so compare the final sum that arrives in Nigerian nairas rather than the headline fee.

At €1,000, Wise is the cheapest of the 2 providers priced at that amount on this corridor: about €7.62 all in, or 0.76% of the amount sent. Western Union is next at about €10.99. That is the fee plus the exchange-rate margin that applied to a transfer of that size — priced at €1,000 specifically, not worked out from a measurement taken at some other amount. It covers a bank transfer; cash pickup and mobile wallet payouts are priced separately. The margins were measured by Wise's comparison service rather than published by the providers themselves, and other providers here may be cheaper and are not priced this way.

Most transfers on this corridor arrive within one to three business days. Paying by debit card is generally faster than a bank transfer, and transfers initiated outside banking hours may not begin processing until the next working day.

Across the providers we compare, the available payout methods are bank deposit and cash pickup. 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, Xoom and Western Union 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 Spain under the Bank of Spain (Banco de España), 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.

This is one of the few corridors on this hub where Wise's own table states the send amount its cost applies to and every row, including its debit and credit card rows, held identical across two independent reads. Both are published here for that reason. The open-banking row Wise labels PISP is a Spanish bank payment authorised directly rather than a card, and it appears because Spain is an EU member. On this corridor it priced at 7.62 EUR on 1,000 EUR — cheaper than the bank-transfer row and far cheaper than any card. Nigeria is the largest remittance-receiving country in Sub-Saharan Africa, and its diaspora in Spain is smaller than in the UK or US but has grown with recent skilled migration. Mobile-money payout through MTN sits alongside bank deposit as a mainstream option here, unlike on several of this hub's other African corridors.