Cheapest Way to Send Money to Nigeria from the UK

Sending money to Nigeria from the United Kingdom does not have to be expensive or complicated. Many people still use traditional banks, but these often apply higher fees and less competitive exchange rates. By comparing FCA-regulated international money transfer services, you can reduce costs, avoid hidden charges, and ensure more of the total amount reaches Nigeria safely.

Instead of relying on a single provider, taking time to compare money transfer rates allows you to see how fees, delivery methods, and transfer speed affect the final amount your recipient receives in Nigerian Naira.

Banks are often seen as the safest option for international transfers, but they are rarely the cheapest. High-street banks commonly add an exchange rate markup and international transfer fees, which can reduce the value of your transfer without being obvious.

Specialist international money transfer services are often cheaper because they:

• Use currency exchange rates closer to the market rate
• Offer low fees with clearer pricing
• Rely on local Nigerian banking networks instead of multiple intermediaries

By comparing providers side by side, you can find a cheaper alternative to bank transfers and avoid paying more than necessary for the same service.

International money transfer services usually require certain personal information to process a transfer securely.

When sending money from the United Kingdom, you are typically asked for:

• The recipient’s name
• Their bank account number
• The total amount you want to send
• Your payment option and delivery method

Some providers may also request a mobile phone number or email address to confirm the bank deposit. This information helps ensure the transfer reaches the correct local bank account.

Many providers also offer a money transfer app, which can make it easier to track transfers, manage payment options, and view transfer speed updates.

Check low-fee GBP to NGN transfer options

While cost is important, it should be balanced with other factors.

A higher-cost option may be more suitable if:

• You need the fastest way to send money
• You are sending a large amount
• The transfer is related to business or investment payments
• Additional compliance checks are required

Comparing providers allows you to choose between the fastest option, lower fees, or higher transfer limits depending on your situation.

See how much your recipient could receive

Page last updated on: 29/01/2026

Page reviewed by: Andrea Troy