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Sending Money from Canada to a Nigerian Bank Account, Steps To Take. 

Sending Money Canada to Nigeria

In today’s globalized world, sending money internationally has become increasingly common. If you’re in Canada and need to send money to a bank account in Nigeria, you have several options at your disposal. This guide will walk you through the process, explaining the different methods available, the factors to consider when choosing a method, and the steps involved in each option.

Ways to send money from Canada to a Nigerian bank account

There are three main ways to send money from Canada to a Nigerian bank account:

1). Banks: Most Canadian banks offer international money transfer services. However, these transfers often come with high fees and unfavorable exchange rates.

2). Money Transfer Services: These specialized companies like Wise (formerly TransferWise), WorldRemit, and Remitly typically offer more competitive exchange rates and lower fees compared to banks.

3). Peer-To-Peer (P2P) Payment Services: Services like PayPal allow you to send money directly to another person’s bank account, but their fees can be high, and they may not always be suitable for large transfers.

Choosing the Right Method

When choosing a method to send money from Canada to Nigeria, consider the following factors:

1). Transfer Speed: How quickly do you need the money to arrive in the recipient’s account?

2). Transfer fees:  Compare the fees charged by different providers, including any hidden costs.

3). Exchange rate: Get the best possible exchange rate to ensure your recipient receives the maximum amount.

4). Security: Choose a reputable provider with secure online transactions and fraud protection measures.

Sending Money Through a Bank

  1. Contact your bank: Inquire about their international money transfer services, fees, and exchange rates.

  2. Provide recipient information: You’ll need the recipient’s full name, bank account details, and bank routing number.

  3. Fund the transfer: You can usually fund the transfer from your bank account, debit card, or credit card.

  4. Track the transfer: Your bank will provide you with a tracking number to monitor the progress of the transfer.

Sending Money Through a Money Transfer Service

  1. Create an account: Sign up for an account with a reputable money transfer service.

  2. Enter transfer details: Specify the amount you want to send, the recipient’s bank account information, and the delivery method (bank deposit or cash pickup).

  3. Pay for the transfer: Choose your preferred payment method, such as debit card, credit card, or bank transfer.

  4. Track the transfer: The money transfer service will provide you with a tracking number to follow the transfer’s progress.

Additional Considerations

1). Large transfers: If you’re sending a large amount of money, it’s wise to compare rates and fees from different providers to get the best deal.

2). Exchange rate fluctuations: Be aware that exchange rates can fluctuate, so lock in a rate if you find a favorable one.

3). Delivery options: Some services offer cash pickup as an alternative to bank deposits, which can be convenient for recipients who don’t have easy access to a bank account.


Sending money from Canada to a Nigerian bank account is a straightforward process with several options available. By considering the factors mentioned above and comparing different providers, you can choose the most efficient and cost-effective method for your specific needs.

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