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Best Ways to Send Money to Nigeria from Canada

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  • Post last modified:24.04.2022

Send money to Nigeria from Canada through one of the trusted online channels for fast delivery and cheaper fees.

If you live in Ottawa, Toronto or any of the cities in Canada but with family or business partners living in Nigeria to whom you need to send some money, many remittance service providers are available to handle your need.

Using these apps to send money to Nigeria from Canada comes with benefits you do not enjoy much when sending through any of the Canadian banks, like faster delivery, lower fees, cashback and convenience.

Best Way Overall to Send Money to Nigeria from Canada

Remitly

Remitly

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Remitly has a good rate in terms of the Canadian dollar to naira, meaning your recipient will receive a fair amount when you send the money through its platform.

Through its partnership with more than 10 Nigerian banks including GTBank, First Bank, Fidelity Bank, Polaris Bank, Ecobank, Access Bank, United Bank for Africa, First City Monument Bank and Unity Bank, you have many options to choose the most preferred by your recipient.

Remitting funds from Canada to Nigeria through Remitly is seamless, thanks to its easy to understand web and mobile applications.

It provides functionality that powers rate checking to enable you to have an idea of the naira equivalence of the dollars to be sent and with its remittance tracking, you can keep track on the go for the sent funds delivery status.

When sending money through Remitly using the bank account option, ensure that your recipient has a domiciliary account with any of its partnering banks. Nevertheless, the cash pick up option is available if the beneficiary has no bank account.

 

How to Send Money to Nigeria from Canada

Below is the best way you can send money to Nigeria from Canada conveniently:

 

Use Reliable Platforms and Apps to Send Money to Nigeria from Canada

Here below are platforms and apps to send money to Nigeria from Canada

Remitly

Remitly

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Remitly is one of the best apps to send money to Nigeria from Canada, thanks to its low transfer fees and good exchange rate.

Its platform has an intuitive design ensuring you are able to transfer with no difficulty understanding the transaction flow.

If you have not used Remitly yet to send money, you are in for a treat of free transfer as your first remittance comes with a convenience-fee free bonus.

It has two options when it comes to how your beneficiary will receive the money, you can choose between direct to bank delivery or the cash pick-up alternative that will require the recipient to visit any of the partnering banks to receive the sent funds.

 

How to use Remitly
How to Send Money to Nigeria from Canada Using Remitly

There are two ways through which your beneficiary can receive the sent funds from Canada in Nigeria and below are the steps that apply to each:

  1. Domiciliary Account
    1. Once you have created an account and logged in, select the send money button
    2. You will have a page for filling in the transfer information. Enter the value to be sent and you will see the naira equivalence, after which you will select the bank deposit option
    3. Select the delivery institution from any of GTBank, First Bank, Access Bank, Polaris Bank, Fidelity Bank, Ecobank, UBA, and others after which you can proceed
    4. The next step will demand you provide the account number in the NUBAN field (only dollar/domiciliary account) and fill in the recipient’s first and last name as it matches the bank account number provided before
    5. Provide other information required and proceed to the sender details page to fill in your own information or the sending person if you are not the one sending the money
    6. Once you have filled in all information required, proceed to review your request, send and authenticate for your money to be sent to the provided Nigerian domiciliary account
  2. For cash pick up, the process is equivalent to that of bank deposit except that you will select cash pick-up in the delivery option:
    1. Select the group of financial institutions that has your recipient’s most preferred bank
    2. On the page for recipient details, make sure to provide his correct name as it matches a valid identification card like national ID, driving license, international passport, or voters card.
    3. Then proceed to fill in your information or that of the sendee after which you can push the request by providing the required authentication.
    4. For cash pick up, the recipient needs a reference number which can be sent by Remitly if you check the text message to the recipient box or you can directly forward it to the receiver.

AfriChange

AfriChange

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AfriChange is one of the indigenous apps to send money to Nigeria from Canada.

A more pan-African platform, it allows inflow to countries in Africa, including Ghana, Kenya, and its largest, Nigeria.

Sending money through AfriChange, you can use its mobile application or simply access the service via its website.

AfriChange payment option when doing the remittance is through Interac e-transfer. You will be provided payment details to complete the transfer to your beneficiary.

One of the good features of this platform is that it allows you to transfer money from Canada to a Nigerian bank account domiciled in naira, making it a great option if your recipient has no domiciliary account in USD.

 

How to Use AfriChange
How to Send Money to Nigeria from Canada Using AfriChange

To transfer money to Nigeria from Canada using AfriChange, the following process applies:

  1. To get started, you will need to sign up for an account or log in to an existing one with a complete KYC profile
  2. Click the button to send money and access the remittance page
  3. The first page captures the amount you want to remit to Nigeria from Canada. Enter the CAD value to get its naira equivalence after which you will specify the reason for which you are sending the funds
  4. On proceeding, the recipient page collects the information needed for the delivery of the money to a chosen bank account in Nigeria
  5. Once you have provided your beneficiary’s details, the next step allows you to review the details and process the transfer
  6. AfriChange will display Interac e-transfer details to which you will need to send the funds before the naira equivalence is paid to your recipient in Nigeria

Kaoshi

Kaoshi

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Kaoshi is different from the other apps to send money to Nigeria from Canada on this list in terms of its pattern of usage.

It employs a marketplace model allowing senders to get connected to third part receivers who help complete the exchange process.

Take for example when you are in Canada and need to send money to someone in Nigeria, you will have to log in to your Kaoshi account to see the listing from people in need of dollars and ready to pay naira in return.

Kaoshi acts as an escrow service provider ensuring you get the naira transferred to your beneficiary before the dollars are released to the sender.

It is another suitable alternative to sending funds to someone in Nigeria who does not have a domiciliary account.

 

How to Use Kaoshi
How to Send Money to Nigeria from Canada Using Kaoshi

When you want to use Kaoshi to transfer money from Canada to Nigeria, the following procedures involve:

  1. Since it is more of a marketplace, you will first need to create an account and log in to access its features
  2. Your recipient will need to also create an account and set up his profile with his fund receiving account information
  3. Go to your beneficiary list and add the person you intend to send the money to. You will need any of his Kaoshi ID, email, or phone number
  4. After adding the person as a beneficiary, go to the listing page to see the offers
  5. Select an offer that meets your requirements and request
  6. You will be provided information regarding the trade; the account number you are to send the CAD to and the preferred channel
  7. Once you have sent the funds, the naira equivalence will be released to the recipient information you provided

Lemonade Finance

Lemonade Finance

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Lemonade Finance is one of the indigenous apps to send money to Nigeria from Canada on this list.

This platform employs an innovative means allowing you to own multiple wallets in different currencies.

Once you create an account, Lemonade Finance will assign a Canadian Dollar wallet to you which you can fund through Interac e-Transfer.

Once you have enough Canadian dollars, sending money to Nigeria takes no time and your recipient can receive the funds directly to his naira bank account.

 

How to Use Lemonade Finance
How to Send Money to Nigeria from Canada Using Lemonade Finance

You can transfer money to Nigeria using Lemonade Finance using the following steps:

    1. You first need to set up an account, after which you will be assigned a CAD wallet
    2. Once your wallet is set up, you will need to link your Interac e-Transfer email to your account
    3. On the fund page, Lemonade Finance will give you details on how to transfer the funds to your CAD wallet but usually, an email will be provided to which you are required to send the money using your linked Interac e-Transfer email
    4. Once you have sent the money to the e-Transfer ID provided by Lemonade Finance, your wallet will be funded
    5. To start the remittance process, click the send button available on your app dashboard
    6. On the send page, enter the CAD amount you want to send to your beneficiary in Nigeria to get the naira exchange value
    7. Once you have entered the value, proceed to the next page to access the delivery options
    8. Select the bank account method if your recipient does not have a Lemonade Finance account
    9. On the bank page, select the bank name preferred by your beneficiary and provide his naira account number.
    10. After the above, click the send button and the account name will be displayed if the account number provided is valid
    11. If you are sure of the steps so far, click the confirm button to review the remittance request
    12. Click the send money button to complete the money transfer from your CAD wallet to the beneficiary’s bank account information you provided

Western Union

Western Union

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Western Union is another well-known IMTO and one of the oldest providers of apps to send money to Nigeria from Canada.

Its services are offered through its website or you simply do your transaction via its mobile application available for Android and iOS devices.

To cater for those not interested in opening online accounts with Western Union, you can also walk into any of its partnering financial institutions to send the funds to Nigeria.

In terms of the banks from which your beneficiary can receive the money, its partnering institutions in Nigeria include First Bank, Access Bank and Guaranty Trust.

 

How to Use Western Union
How to Send Money to Nigeria from Canada Using Western Union

Western Union also has two ways by which your beneficiary can receive the sent money, cash pick-up and the direct bank deposit:

    1. Once you have registered and signed in, select the send money option and choose Nigeria
    2. You will then see a page to provide the transfer information. Fill in the amount to be sent and you will see the naira value, after which you will select the bank account option
    3. You will also need to select how you want to pay for the transaction which can be online or get a unique code you can take to a Western Union agent (pay in-store) to complete the process
    4. On the next page, you will then select the receiving bank’s information, available from any of Access Bank, First Bank and Guaranty Trust 
    5. Provide other information required and proceed to the sender details page to fill in your own information or the sending person if you are not the one sending the money
    6. Once you have provided the information required, continue to the next page to review the provided information to avoid any mistakes, send once you are satisfied with the details you provided

 

Paysend

Paysend

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Paysend is another reliable alternative you can use to send money to Nigeria from Canada.

It has a partnership with Mastercard that allows the delivery of remitted funds to any USD based Mastercard prepaid cards.

This international money transfer provider allows you to access its services via its web portal or simply download any of its mobile applications available for iOS and Android operating systems.

In terms of direct to bank account deposit, either use the card delivery option or simply provide an account number domiciled with Access Bank. If none of these is available to your recipient, the cash pick up method could be a suitable alternative.

 

How to Use Paysend
How to Send Money to Nigeria from Canada Using Paysend

With Paysend, you can remit to Nigeria from Canada through the following steps:

    1. On the homepage or from your dashboard, select the send money option and choose Nigeria as the destination country
    2. Click the get started button to proceed
    3. You will then see a form where you will need to provide the transfer details. Fill in the value you want to send to Nigeria to see its worth in naira, after which you will select the delivery method from the bank and cash pick up options
    4. Provide other information needed and continue to the sender info page to fill in your own details or the sending person if you are assisting someone to remit the money from Canada to Nigeria
    5. After providing the necessary information, proceed to the next page to review the provided details to avoid any errors, submit once you are satisfied with the details provided

 

Simplii

Simplii

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Simplii is one of the apps to send money to Nigeria from Canada with support for the Interac e-transfer service.

Powered by CIBC, it allows you to transfer money seamlessly to your recipients living in Nigeria through its web portal and mobile applications.

Simplii transfer to Nigeria requires the beneficiary to own a foreign currency domiciliary account.

Unlike most of the international money transfer operators on this list, it can take between 1 -3 days before the money can be received in Nigeria though it comes with an advantage, convenience-fee free remittance as well as cashback.

 

How to Use Simplii
How to Send Money to Nigeria from Canada Using Simplii

If you want to transfer money to Nigeria using Simplii, use the steps below:

  1. Get onboarded by registering and completing the required KYC processes
  2. Once you have an account, you will need to fund it through cheque or cash deposit at any CIBC ATM locations or simply deposit a cheque through the Simplii app deposit feature
  3. Once your account is funded, select global money transfer on the app
  4. You will need to change the receiving country to Nigeria and provide the beneficiary’s information
  5. While filling in the recipient’s details, take not to fill properly the name, address of the person as well as that of the receiving bank. The bank code (swift) is also required
  6. After providing the information, specify the amount in Canadian dollars you want to be deducted from your Simplii wallet and credited to your recipient’s account
  7. Once you are satisfied with the details provided, submit the request and Simplii will start processing the transfer which you can track receipt on the go via your application

Moneygram

Moneygram

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Moneygram is one of the well-known and oldest ways to transfer money to Nigeria from Canada.

This provider gives you access via its website or installs the mobile application from Google Play or iOS Store to access the services.

It is one of the ways to transfer money from Canada to Nigeria that has a good network of agents, you can get your funds delivered to most banks and financial institutions in Nigeria when you remit the funds via Moneygram.

Similar to most of the providers on this list, the person receiving the money does not need to have a bank account to receive the funds since you can opt for the cash pick-up option.

 

How to Use Moneygram
How to Transfer Money to Nigeria from Canada Using Moneygram

There are two ways you can send money to Nigeria via Moneygram:

  1. Domiciliary Account
    1. Once you have created your account and are logged in, select the send money button
    2. You will then have a page for filling in the remittance information. Fill in the value you want to remit to see the naira equivalence, after then you will select the bank deposit option
    3. Select the receiving financial institution from any of First Bank, Access Bank, Polaris Bank, GTBank, Fidelity Bank, Ecobank, UBA, and others after which you can proceed
    4. Ensure to provide other necessary information and proceed to the sender details page to fill in your information or the sending person if you are helping
    5. Once you have filled in all details required, proceed to review your request, send and authenticate for your money to be sent to the provided Nigerian USD account
  2. For cash pick up, the process is equivalent to that of direct bank payment, only that you will select cash pick-up in the delivery option:
    1. Select from the list of financial institutions, your beneficiary’s most preferred pick-up centre
    2. On the page for recipient details, ensure to provide his correct name as it matches a valid identification in Nigeria like the national ID, driving license, international passport, or voters card.
    3. After then, proceed to fill in your information or that of the sendee after which you can send the money to be available for pick-up at your chosen financial institution’s location

Ria

Ria

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Ria is another popular choice when it comes to the apps you can use to send money to Nigeria from Canada.

With intuitive designs on its web and mobile applications, you will enjoy seamless usage while transferring money to your recipient in Nigeria.

Ria has partnerships with leading Nigerian banks that include GTBank, Union Bank, Access Bank, Polaris Bank, and First Bank amongst others, you have options to get the money delivered to your recipient’s bank account.

If your recipient has no domiciliary account, you can send the money to him through the cash pick up option.

 

How to Use Ria
How to Send Money to Nigeria from Canada Using Ria

There are two ways through which your recipient can receive the sent funds in Nigeria and below are the processes involved:

  1. Domiciliary Account
    1. Register for an account by clicking the register button on Ria’s website or its mobile app
    2. Once you have completed the registration process, start the money remit process by selecting the send-to country as Nigeria
    3. You will then have to fill in the value to be sent to get its naira equivalence
    4. Proceed to fill in your information and that of the recipient and select the partnering institution where the receiver has a domiciliary bank account with
    5. Review all information provided and submit the request to process the payment and remittance to the beneficiary
  2. It also supports the cash pick up option similar to many of the providers on this list:
    1. While doing the processes, select the cash pick up option
    2. Select the cash pick-up location which must be one of its partners. Choose the most preferred by your beneficiary
    3. After you are done providing the necessary information including yours, click the send button to complete the request
    4. With the cash pick up option, the beneficiary is required to provide a reference number at the point of cash-out alongside his valid ID.

Sendwave

Sendwave

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Sendwave is another good app to send money to Nigeria from Canada.

It is a mobile app only based provider hence, you will have to install any of its applications from Google Play or iOS Appstore to make the transfer.

Similar to most of the international money transfer operators on this list of the best apps to send money to Nigeria from Canada, it allows for domiciliary account deposit as well as cash pick up.

In addition to the two delivery options above, you can as well send to your beneficiary’s naira account if he does not have a USD account and the receiving bank will automatically create a domiciliary account for him linked to the naira account you provided.

 

How to Use Sendwave
How to Transfer Money to Nigeria from Canada Using Sendwave

You have three ways through which you can send the money to your recipient in Nigeria using Sendwave which include:

  1. Domiciliary Account
    1. Once you have created an account and logged in, select the add recipient button to provide your beneficiary’s information
    2. Click the USD bank account option and fill in their domiciliary account details
    3. Once you have given the required information, click the send button to process payment and complete the request
  2. For cash pick up, Sendwave allows delivery to its partnering financial institutions’ locations that include Access, Zenith and Fidelity Bank:
    1. Select the cash pick up option on its mobile app
    2. Provide your recipient’s information, making sure the name matches what is there on his valid id card
    3. After then, fill in the amount you want to send to get its naira equivalence
    4. Continue to review the provided information and send it once you are fully sure of what you have filled
    5. Once sent, a voucher code is delivered to the recipient’s mobile number you provided which can be used to redeem the funds at any of Access, Zenith or Fidelity Bank.
  3. Direct Send to Naira Account
    1. In the step for the beneficiary account, simply select the naira account
    2. Provide the necessary information for you and the recipient
    3. Review your filled details and submit the request
    4. Once the money is sent, the receiving bank will create a domiciliary account linked to the naira account you provided where the sent funds will be settled

Interac e-Transfer

Interac e-Transfer

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Interac e-Transfer is the most popular electronic method to share money within Canada and fortunately, it is one of the ways you can send money to Nigeria from Canada.

Because it could take a longer time for your recipient in Nigeria to receive the sent funds and even cost you more doing an international remittance using e-Transfer, opt for alternatives like AfriChange and Lemonade Finance which also supports a faster way to remit to Nigeria through your Interac e-Transfer account with lesser cost.

Thanks to its international money transfer service, it has partnerships with MasterCard and Western Union for outflow remittance to Nigeria.

Using Interac e-Transfer, your money can be sent through direct wire transfer or Western Union cash pick method.

Both delivery methods require your bank or credit union to be one of the participating financial institutions before you can access the service.

 

How to Use Interac e-Transfer
How to Send Money to Nigeria from Canada Using Interac e-Transfer

You can send money to Nigeria using e-Transfer through the following steps:

  1. Wire Transfer
    1. Login to your participating bank app
    2. Select the send money option and navigate to international money transfer
    3. You will then provide the destination information as Nigeria alongside the receiving account details of your beneficiary. Make sure to provide a domiciliary account
    4. Once you are satisfied with the above, submit to complete the process
  2. Through Western Union
    1. On your banking app, select Western Union under Interac e-Transfer
    2. Provide your recipient’s information, making sure the name matches what is there on his valid id card
    3. Provide every other required detail and submit the send request
    4. Once the request is sent, you will receive a Money Transfer Control Number (MTCN) which is required at the point of cash redemption
    5. Simply provide the MTCN to your beneficiary to take to any Western Union partner location alongside his valid ID card to collect the money sent

 

Create an Account to Get Started

All the platforms and apps to send money to Nigeria from Canada require you to create an account before you can start transferring funds to your beneficiaries.

It is required especially with handling the know your customer processes required by the relevant regulatory bodies. 

Aside from its compliance benefits to the providers, features such as the ability to add your beneficiary for easy reoccurrence remittance, keeping a track of your transaction history to tracking of funds delivery are some of the advantages you can enjoy when you have an account with one of these providers.

 

Once Created, Select the Applicable Button to Transfer Money

Once you have created your account and the required validation passed, locate the applicable button to access the send money page, it is usually ‘send’ on most of the apps to transfer money to Nigeria from Canada.

The section will enable you to provide the information required for the remittance to happen, information such as the beneficiary’s name and the receiving bank account details are collected here.

In some of the mobile apps and web platforms, you will also be required to provide additional details about yourself before a send request can be submitted.

 

Select Nigeria as the Receiving Country

Most of these apps to send money to Nigeria from Canada allows you to see the naira equivalence when remitting through them.

Once you select Nigeria as the receiving country and Canada is already selected as your sending location, there is an auto CAD to naira converter showing you how much your recipient will receive once you made the transfer.

The rate conversion differs per platform, while some offer good rates and others a bit lower, note that it changes depending on economic factors.

 

Select the Delivery Option

The methods of delivery available vary depending on the app to send money to Nigeria from Canada you selected.

A lot of them support direct remittance to domiciliary accounts hence, your recipient is required to own a dollar account for him to be able to receive the funds.

The other options you can opt for include that for cash pick up at any of the partnering banks of these apps to send money to Nigeria from Canada.

If you want a direct credit to your recipient’s naira account, providers like AfriChange, Lemonade Finance and Kaoshi have different ways of allowing you to achieve this seamlessly.

 

Review the Provided Information and Send

You should make sure to review all information provided before you push the send button. This will save you any form of error that could be costly.

Information such as the first and last names, the recipient’s phone number and maybe national ID details should carefully be reviewed as these are needed for the redemption of the remitted funds, especially when the cash pick up method is used.

 

Track Receipt via Email and/or Phone Number

Once you successfully sent the remit request, a unique reference is generated to identify the transaction.

If the method of delivery selected is cash pick-up, you or the recipient will get a voucher or reference code which is required for money collection at a partnering financial institution of the app to send money to Nigeria from Canada used.

This redemption code together with a valid ID card or BVN is required and you should let your beneficiary know beforehand before going to any of the cash pick-up locations.

 

Transferring funds from Canada to Nigeria should not be a stressful task and it should be fast as possible especially when it is meant to tackle an urgent need.

With many apps to send money to Nigeria from Canada offering varying exchange rates and usage bonuses, selecting one should be an easy decision for you.

Meed™ U
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