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It can be extremely annoying to lose money because of a lack of knowledge on how to transfer funds from Canada to Nigeria.
Receiving money has become easier thanks to web apps and international money transfer providers.
There are over 1000 apps available that help you receive money from your company, friends, and family, as well as earn money as a freelancer from Canada to Nigeria.
In this article, I’ll tell you about the finest apps for sending money from Canada to Nigeria, as well as how the process works.
This guide will add value by highlighting actual issues and strategies to avoid them completely.
However, these international money transfer services frequently come with fees, so double-check your charges.
The greatest services will always provide very reasonable and convenient pricing.
When using money transfer apps, you should also consider security.
You must ensure the security of your transactions, which should involve very strong encryption between devices.
To make things easier for you, we’ve carefully chosen certain apps that we believe will meet your foreign money receiving needs in Nigeria.
Table of Contents
- 1 Best Apps for Receiving Money from Canada to Nigeria
- 2 App to Send Money to Nigeria FAQs
- 3 How do I receive money from Nigeria or from Canada?
- 4 Conclusion
Best Apps for Receiving Money from Canada to Nigeria
The following are some of the top apps for receiving money from Canada in a Nigerian bank account.
If you want to receive money from abroad, you’ll realize that the process might be costly and time-consuming.
Fortunately, various solutions are now available to make receiving money from abroad much easier. Wise is one of them.
Wise offers a simple, quick, and inexpensive way to receive money in Nigeria.
Wise transfers money straight to the beneficiary’s bank account within 24 hours, with no hidden fees.
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Payoneer is an online banking service that allows customers to transfer and receive money from Canada to Nigeria.
It is one of Nigeria’s greatest money transfer providers.
Payoneer allows you to open a virtual bank account in a variety of currencies, including US dollars, Euros, and British pounds.
Payoneer allows you to simply receive payment from the worldwide marketplace, whether you are a professional, freelancer, or a small business owner.
Payoneer also offers MasterCard and Visa credit cards to its customers.
Because of Paypal’s limitations, Payoneer is the best alternative platform for sending and receiving money in Nigeria.
Payoneer charges a fee of $15 for each withdrawal to your bank account.
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Deel is the first payroll software in Nigeria that keeps payment records and automates everything if you are a company with remote workers.
Deel is one of the most reputable payment platforms used by remote employees worldwide.
As a contractor for international companies, you will require a verified account to receive cash from Canada into your Nigerian bank account.
Deel accepts withdrawals via bank transfer, Payoneer, Paypal, Coinbase, Revolut, and Wise.
In addition, any withdrawal from your Deel account incurs fees.
Interestingly, bitcoins can be used to send money to Nigeria.
At the same time, bitcoins for naira can be exchanged via a peer-to-peer marketplace via an app called Send cash and Paxful.
Bitcoin is a sort of digital currency that may be used to pay for products and services, as well as to send money to anybody you choose.
To complete any Bitcoin transaction, you will undoubtedly require a wallet. The phrase “Bitcoin wallet” should not frighten you. Bitcoin wallets are analogous to monitoring your bank account.
You simply receive the Bitcoin equivalent of the amount you desire from a Canadian.
I’d like you to know that the Central Bank of Nigeria has announced a few adjustments to the methods people can receive money as of December 2020.
A remarkable feature of WorldRemit is that it allows you to send money from Canada to Nigeria for cash collection in US dollars or to a lawful US dollar bank account.
Here are a few pointers to make sure your transaction goes smoothly.
Let’s get this party started!
You cannot send transfers to Naira, hence attempting to do so would result in the transaction failing.
When transferring money for cash pickup, you must double-check the recipient’s primary phone number to ensure it is correct. A code will be sent to the phone number you provided.
Note: 9mobile network numbers are ineligible for this because they cannot receive the code.
Round up cash pickup transactions to the nearest 10 USD to reduce the likelihood that notes will be available.
Transactions sent via bank transfer, on the other hand, must be sent to a Nigerian bank account in US dollars.
Nonetheless, not all banks work with WorldRemit. First Bank, AccessBank, Diamond Bank, FCMB, Fidelity, and Ecobank are among the banks that work with WorldRemit.
There is a limit on the amount of money that can be sent to Nigeria, which is N7,000,000 per transfer, a day for bank transfers.
TransferGo is not only a licensed but also an allowed payment institution that is regulated by the FCA (Financial Conduct Authority) and then supervised by HMRC (Her Majesty’s Revenue and Customs) in England.
As a result, they adhere to the same security standards as any commercial bank.
TransferGo provides high-quality money transfers with speed, ease, and exceptional value.
TransferGo’s pricing is also based on very competitive currency rates and how quickly you want the money to be sent to arrive at its destination. It’s as simple as that.
Paystack payment platform for Africa.
This is a payment company that operates in Nigeria and around the world.
Although Paystack is not a money transfer service, it goes a long way toward allowing people outside Nigeria to receive money from people in Canada who have a Paystack account.
If your recipient in Nigeria has a Paystack account, they can create a payment link in their Paystack dashboard and send you a payment link.
In addition, the payment must be made with a debit or credit card.
Paystack is used in Nigeria by business owners, creative, and freelancers to receive payments from all over the world.
This is an excellent option for money transfer services. Regardless, money received in Nigeria must have a Paystack account in order for the transaction to be successful.
This is similar to Paystack, a money transfer service that allows users with Flutterwave accounts to receive funds from any part of the world.
You might wonder what Flutterwave is all about.
Flutterwave is a FinTech company based in Nigeria that offers payment systems for global merchants and payment options across the continent.
CEO: Olugbenga Ayboola
Founders: Olugbenga Ayboola, Iyinoluwa Aboyeji
Type of business: Privately Held Company
I’ll tell you all you need to know about MoneyGram if this is your first-time hearing about it.
MoneyGram is unquestionably one of the most established and dependable methods of sending money to Nigeria from overseas.
MoneyGram currently has over 350,000 agent locations worldwide and collaborates with over 350 banks.
This should inform you how legitimate it is. MoneyGram is simply known as the world’s second-largest money transfer business, so you may send money to Nigeria quickly using MoneyGram.
You can be certain that your money will be sent to its designated recipient.
MoneyTransfers.com Remitly Review
This is another international money transfer service to consider when sending and receiving funds to Nigeria.
Remitly is a fantastic online alternative to traditional money transfer providers like MoneyGram and Western Union.
Remitly makes money transfers to Nigeria quick, secure, and affordable.
You may also use your smartphone, tablet, or computer to use the Remitly app. Remitly can only send money to Nigerian recipients via cash pickup or bank deposit in USD.
However, for the recipient to receive money in bank deposits via Remitly, the recipient must have a domiciliary account.
Remitly allows you to send money to Nigeria from the following countries:
Australia, Austria, Germany, Italy, Spain, Sweden, Canada, Belgium, Finland, the Netherlands, Singapore, Canada, the United Kingdom, France, and Germany are among the countries represented.
11. Sendcash Africa
This is a very simple and easy way for people all over the world to send money to Nigerian bank accounts.
In just a few minutes, you can use crypto with your bank card, Apple Pay, Cash App, or even a Crypto Wallet.
It is an incredible platform that can be used to send money to family and friends in Nigeria as well as those receiving money from clients abroad, such as a Freelancer in Nigeria.
It may also be of interest to you that SendCash is quick, inexpensive, and requires no sign-up. That just made the whole thing a million times easier.
All you need to do is enter the account number to which you want to send the money, and you’re done.
Sendcash money transfers can take anywhere from a few minutes to four hours.
It all depends on liquidity and current interest rates.
SendCash is involved with two transfer methods, which are as follows:
Using a Bitcoin wallet
Wyre and USDC
Surprisingly, the transfer limit for a Bitcoin wallet is $2500, whereas the maximum for a Wyre transfer is $1000.
SendCash does not charge a fee when utilizing a Bitcoin wallet for any transfer. However, your external Crypto wallet may charge a fee.
This is a fantastic multi-currency e-wallet that allows anybody to conveniently swap, store, and receive money at the best available rates.
The EverSend App allows for instant bank transfers to Nigerian bank accounts.
The amazing thing about this software is that it may save you up to 70% on fees and foreign exchange.
It also allows you to establish a virtual debit card and purchase online quickly.
Virtual debit cards may be loaded with any currency and used to make purchases in USD.
Aside from what I’ve already described, the program allows you to save and trade currencies, such as EUR, NGN, KES, UGX, RWF, and USD.
Eversend allows you to send money to Nigeria from any of the countries mentioned below.
Europe includes Belgium, France, Germany, Switzerland, the United Kingdom, and the Netherlands.
Ghana, Kenya, Nigeria, South Africa, Tanzania, Rwanda, Uganda, and Swaziland are among the African countries represented.
Rest of the World: Australia, Canada, India, the UAE, Turkey, the US, South Korea, and Kuwait.
13. RIA Money Transfer
Since the late 1980s, this has been one of the finest money transfer apps, with over 377,000 locations globally.
Ria also has an edge with pickups in nations such as India.
Signing up for RIA is free, and your recipient is not required to receive money or even pick up cash.
Although RIAs do not charge transaction fees, they do profit by marking up the exchange rate.
RIA now works with Nigerian banks such as Diamond Bank, First Bank, Skye Bank, and Ecobank to make moving money from nations such as Nigeria easier.
There are no additional fees associated with RIA money transactions. To send money via RIA, you must first register for an RIA account by visiting RIA online.
You can effortlessly send money to Nigeria once your RIA account has been authorized.
However, the recipient’s identification must be verified using a Nigerian National Identity Card, foreign passport, or driver’s license.
Nigeria’s RIA money transfer maximum is $500. The recipient will get the funds in US dollars rather than naira equivalents.
App to Send Money to Nigeria FAQs
The following are some commonly asked questions about how to send money to Nigeria.
How do I receive money from Nigeria or from Canada?
If you’re trying to get money to Nigeria from Canada, you may utilize any of the following apps:
- Sendcash Africa
The applications listed below allow you to send money from Canada to friends, family, business partners, and others.
Is it possible to get money from Canada in Nigeria?
With the help of internet apps and payment systems, you may simply send money to Nigeria. Wise, Payoneer, Deel, Paystack, and more applications can be used.
Given that you have the aforementioned apps to pick from when considering a money transfer to Nigeria from Canada, consider factors such as total transfer cost, transfer speed, and geographic area.
Some money transfer programs are restricted to specific countries because they are not available worldwide.
Choose the app and service that works best for you.
Yes, as we all know, the purpose of an internet transfer is to make it as simple as possible. Then select the application that is easy to use and has fewer troubles.
Life should be easy.