Question 1

What's the best way to transfer money from Nigeria to South Africa?

Accepted Answer

It can be very confusing when sending money from Nigeria to South Africa given so many choices. Additionally, Nigerian Naira to ZAR exchange rates fluctuate all the time. Remitfinder gives you the option to compare money transfers companies to choose the best exchange rate among this volatility while making the best deals and promotions available to you.

Choose Nigeria to South Africa as your country combination and click search. We then compare many money transfer companies to bring you the best exchange rates to send money to South Africa from Nigeria. In one single place, you can easily compare many providers to see which one is the best option for your next transfer.

To further help you maximize the return on your money, our partners add various promotions and discounts on our site. You can take advantage of various deals we have for Nigerian Naira to South African Rand remittances.

Question 2

How to get the best exchange rate for your money transfers from Nigeria to South Africa?

Accepted Answer

When sending money overseas, there are a lot of options at your disposal these days. All of them come with various caveats that may include exchange rates, fees, transaction processing time, security and privacy, and so on. RemitFinder helps you to decide which foreign exchange operator to pick for your NGN to South African Rand money transfer.

Our real time remittance comparison engine compares numerous banks, FX providers, remittance companies, multi currency bank accounts, etc. and presents you with the best options for sending money from Nigeria to South Africa. We carefully select providers to give you the best choices for sending money internationally.

Additionally, you can sign up for the free rate alert to always stay updated with the best rates and promotions for NGN to ZAR remittances. With our daily free rate alert, you will never have to manually search and compare providers again.

Question 3

What's the cheapest way to transfer money from Nigeria to South Africa?

Accepted Answer

The final amount your recipient gets when you send NGN to ZAR is the most important number that matters. In other words, you should try to minimize the impact of fees and other hidden charges (bad exchange rate is one of them) to achieve the most cost effective cross border remittance.

Before the dawn of the modern internet era, traditional methods to send money from Nigeria to South Africa used to be banks, and small, local remittance players located in retail outlets and convenience stores. Unfortunately, all these options entail high fees and often provide low exchange rates - this results in an expensive money transfer whereby a big chunk of your hard earned money does not reach your recipient.

A great way to find the cheapest options to send South African Rand is by comparing numerous foreign exchange operators and service providers on RemitFinder. By eliminating the process of manually searching and comparing various companies, you can easily compare all your options in one place, thereby saving time and money. This way, you can get the best Nigerian Naira to South Africa exchange rate. Further savings can be realized by utilizing many exclusive offers and promotions from our partners. These deals can help lower the cost of a money transfer even more, thereby giving you a higher return.

Question 4

Should I use my bank to send money from Nigeria to South Africa?

Accepted Answer

Bank transfers have been a traditionally popular way to send money overseas from Nigeria to South Africa. But, with the explosion of so many Fintech startups specializing in remittances, it is worth asking yourself if you should still be using your bank for sending funds internationally.

In general, banks tend to charge much higher fees compared to newer remittance companies that specialize in online operations. It is also possible that the NGN to ZAR exchange rate you get from your bank may not be the best. In fact, high fees and below par exchange rates are two of the most popular ways banks make money on remittances.

We, therefore, recommend that before you use your Nigeria bank for your South Africa money transfers, you explore various other options to carefully review your total cost (represented by transaction fees) as well as the exchange rate you will get. Combined, these two factors will have a direct impact on how much money your recipient gets from your transaction.

Question 5

What is the fastest way to do a money transfer to South Africa from Nigeria?

Accepted Answer

If you need to convert NGN to ZAR as fast as possible, there are definite steps you can take that will help you do so. You could pay for your transfer with cash, as well as have your recipient do a cash pickup for payout - both of these methods will speed up your money transfer.

That said, handling cash could be a safety issue given that both the sender and receiver have to physically carry cash (most agent locations are located in physical stores, malls, and retail outlets which may or may not be in a physically safer area). Additionally, due to the extra costs involved to set up and maintain physical locations, cash transactions tend to get a worse foresign exchange rate (contrasted with online/digital transfers). So, another option to move money quickly from Nigeria to South Africa could be sending it to a mobile wallet. This would entail some slowness compared to cash transfers, but would be more safe.

Apart from the above, there are many other factors that can have an impact on your Nigerian Naira to South African Rand funds transfer speed. To arm you with all the knowledge you need to distinguish faster from slower remittance providers, we crafted a complete guide to remittances; this article touches upon everything you need to know to make the fastest money transfers to South Africa.

With so many choices available, make sure to compare various forex operators that enable you to remit money from Nigeria to South Africa. Once you understand their services and the factors that affect how fast your money can be transferred overseas, you will be able to minimize the time your money is in transit.

Question 6

Which are the best money transfer companies to transfer money from Nigeria to South Africa?

Accepted Answer

The definition of "best" is very personal for everyone. It may even vary from one transaction to the next depending on various factors involved. When it comes to sending money from Nigeria to South Africa, we can help you in choosing the best provider.

There are several key points you would want to check for; these include, but are not limited to, the best Nigerian Naira to South African Rand exchange rate, transfer amount limits, transaction fees, transfer speed, variety of payment and delivery methods available, fixed vs indicative rate, and availability of any deals and promotions.

After you see the initial list of remittance companies we present you with, use the above criteria to fine tune your choices. That way, you can see which providers are a better fit for the requirements of your ZAR money transfers to South Africa. Keep an open mind as it is very much possible that different providers suit different transfer scenarios better than others.

Finally, you should definitely take into account any ongoing promotions from these providers. Offers and discounts will lower your cost to make the money transfer and result in your recipient in South Africa getting more money for every Nigerian Naira you send.

Question 7

Step by step guide to send money to South Africa from Nigeria

Accepted Answer

The first step to send money to South Africa from Nigeria is to identify a money transfer provider that best suits your needs. You can rely on RemitFinder's online comparison tool to do so.

Once you have a provider chosen, follow these steps to execute your NGN to ZAR overseas funds transfer.

Click through to the provider's site and register an account.
Provide documentation for ID proof, and related information that the provider may need as part of compliance and regulatory checks they need to do.
Add recipient information including their bank account in South Africa if paying via ACH direct deposit or bank transfer.
Enter your sending amount, and initiate a transaction.
Pay for your transaction via your Nigeria bank account or alternative methods like a debit card.
Sit back and relax, and see your money travel to South Africa!

After the transaction has been kicked off, the provider would notify you of progress. Many remittance companies also have mobile apps; you can use that to track the real time status of your transfer from Nigeria to South Africa.

1 NGN	0.01 ZAR
5 NGN	0.06 ZAR
10 NGN	0.12 ZAR
25 NGN	0.31 ZAR
50 NGN	0.62 ZAR
100 NGN	1.23 ZAR
150 NGN	1.85 ZAR
200 NGN	2.46 ZAR
250 NGN	3.08 ZAR
300 NGN	3.69 ZAR
400 NGN	4.92 ZAR
500 NGN	6.15 ZAR
600 NGN	7.38 ZAR
700 NGN	8.61 ZAR
800 NGN	9.84 ZAR
1000 NGN	12.30 ZAR
1500 NGN	18.45 ZAR
2000 NGN	24.60 ZAR
2500 NGN	30.75 ZAR
3000 NGN	36.90 ZAR
4000 NGN	49.20 ZAR
5000 NGN	61.50 ZAR
10000 NGN	123.00 ZAR
15000 NGN	184.50 ZAR
20000 NGN	246.00 ZAR
30000 NGN	369.00 ZAR
40000 NGN	492.00 ZAR
50000 NGN	615.00 ZAR
100000 NGN	1,230.00 ZAR

Compare today's NGN to ZAR (Nigerian Naira to South African Rand) exchange rates

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