Send money overseas with Bancoli to take advantage of bank-beating exchange rates
Sending from?
Sending to?

Published: May 10, 2022 4 min read

Table of Contents


TransferGo provides secure and affordable money transfers for people who want to send money back to their families.

With TransferGo, you can send Naira and USD from as little as 5 USD or Naira equivalent to 22 banks in Nigeria. They also support USD cash pickups, which are available from 5 major banks.



A happy woman using her cellphone with a Euro to Nigerian Naira money transfer widget in the background



How do transfers to Nigeria with TransferGo work?

So, if you want to make fast, safe and low-cost money transfers to Nigeria, TransferGo cheap money transfer service has got your back.

Here's how it works:

  • Transfer Naira or USD straight to the receiver's bank account.
  • You can also send money using their phone number instead.
  • The receiver will get an SMS with a payment link in it. They can follow the instructions to fill in their own bank details to claim the money.
  • The receiver doesn't need to sign up to a TransferGo account.
  • TransferGo will send you a link to track the transfer. You can share it with the receiver, so they know exactly when the money is coming in.


How to send instant Naira money transfers to Nigeria with TransferGo



Never overpay on international money transfers again. Read TransferGo's step by step guide on how to send money to Nigeria quickly and easily.






How can I send USD to Nigeria for cash pickup?

You can also send USD to Nigeria for cash collection. It's fast, secure and cash pickup is available in minutes from 5 major banks.

Collection couldn't be simpler. The details will be sent to the receiver via SMS. On collection, they must provide their Biometric Verification Number (BVN), as well as ONE of the following: driving license, National ID or passport.



Does TransferGo provide good exchange rates to send money to Nigeria?

The Nigerian remittance market is highly competitive, and numerous money transfer companies operate in the space.

TransferGo is currently providing really competitive exchange rates to Nigeria. For example, to send money from UK to Nigeria, TransferGo's exchange rate is the best in the market.



Exchange rates to send money from UK to Nigeria on RemitFinder.com


At the time of this writing*, TransferGo is providing an exchange rate of 1 GBP = 700.6155 NGN, while the interbank rate is at 1 GBP = 511.4496. That is a huge difference you should take advantage of asap!

* Exchange rates as of May 10, 2022

TransferGo is providing really high exchange rates to Nigeria. Take advantage while these excellent rates last!


Why should I use TransferGo to send money to Nigeria?

There are a lot of good reasons why TransferGo can be a great choice to send money to Nigeria. We list some of these below.

  • It's easy — all you need is the receiver's name and bank details or phone number
  • It's quick — using TransferGo is the faster way to send money, day or night
  • Secure — TransferGo is regulated by the Financial Conduct Authority (FCA) and supervised by the HM Revenue and Customs (HMRC) in the UK
  • Low fees and no hidden costs — what you see is what you get
  • Flexibility — with reliable website and highly rated app, you can send money from anywhere
  • Trust - 4 million users worldwide already trust TransferGo with their money, and they have a 4.8/5.0 score on Trustpilot





Conclusion

It is quick and easy to send money to Nigeria with TransferGo. Additionally, TransferGo is offering some really competitive exchange rates that will help maximize the amount your recipient gets in Nigeria. Take advantage while these rates last!

If you have any questions, TransferGo's Customer Support team is always here to help!

Author
RemitFinder Editorial Team

The RemitFinder Editorial Team is a collaborative group of writers, researchers, and fintech specialists dedicated to bringing you the latest insights, comparisons, news, and guides on remittances, exchange rates, eSIMs, and the financial technology shaping the global payments landscape.

We create clear, easy-to-understand content to help you compare money transfer providers and eSIM plans based on transparent data and publicly available information. Our goal is to provide independent, research-driven information to support informed decision-making. RemitFinder is an independent comparison platform and does not provide financial or telecommunications advice.

Similar Articles

An image of laptops and phones on a table with the title Wise ve Revolut printed on the forefront
05 Oct, 2025

Wise vs Revolut: What Are The Differences?

Both Wise and Revolut have grown massively over the last few years and are popular, established money transfer companies. We delve deep into both to bring you a head-to-head detailed comparison.

An image of a person using a payment app on their cellphone with a laptop in the background
22 Jan, 2024

How To Save On B2B International Transfer Fees

B2B international payments have been expensive, slow and cumbersome in the past. Are there any new fintech companies that take the hassle out of cross-border business payments?

An image of a happy woman with a mobile phone in one hand and a fan of Indian currency notes in the other hand
24 Aug, 2023

How To Save Money On Transfers From Europe To India

Are you looking to send money from Europe to India? Check out our guide on how to save money on your international money transfers to India from Europe.

Find the cheapest rate to transfer your hard earned money

Sending from?
Sending to?

Stay updated anywhere, anytime!

RemitFinder is multichannel with web and mobile access. Access our site or install our mobile apps. Stay updated with latest rates at home, work or on the go.

© 2026, RemitFinder, LLC. All Rights Reserved.
Exchange rates, provider information, eSIM plans, pricing, data allowances, and related information are provided on an "as is" and "as available" basis for informational purposes only. Rates, fees, availability, network coverage, and pricing may change frequently and without notice, and information displayed on this site may be delayed or inaccurate.

RemitFinder is an independent comparison platform and does not provide financial, legal, tax, investment, or telecommunications advice. We are not a bank, remittance provider, telecom operator, or eSIM issuer. You are solely responsible for verifying all information directly with the relevant provider before making any financial or connectivity decision. To the fullest extent permitted by applicable law, RemitFinder shall not be liable for losses arising from remittance transactions, exchange rate fluctuations, telecommunications performance, eSIM activation, or third-party provider services.

Some links on this site may be affiliate links, and RemitFinder may receive compensation from certain partners.

Please review our Terms of Use for full details.