How to send money to Nigeria from Australia with the best AUD-NGN rate

Always compare ways to send money from Australia to Nigeria to get the best options for fees, speed, and reliability.

Right now, for AUD/NGN

• Wise is our top pick for sending AUD to NGN. Sending 12,000 AUD to Nairas will cost you $69.07 in fees, and you will receive 11,459,181.03 NGN. The delivery time is within minutes.

• Cheapest way to send money to Nigeria from Australia is with Africhange. The cost is made up of a fee of 1.1 AUD and an exchange rate for buying Naira with Australian Dollar that is -1.33% different to the mid-market rate.

• Fastest way to transfer money from Australia to Nigeria is with Revolut

Our analysis included 6 providers that operate between Australia and Nigeria.

Through this, you get a comprehensive view of all the options you have in Australia when you need to send money to Nigeria.

The exchange rate determines how many AUD the recipient will get in Nigeria when you send Australian Dollar.

Today, the average exchange rate between Australian Dollar and Naira is 948.8402. The company offering the best exchange rate is Africhange.

The AUD-NGN rate fluctuates constantly, so timing your transfer to Nigeria can help you save a lot of money.

The total cost of sending money to Nigeria from Australia is a mix of the mid-market, exchange rates and transfer fees.

• The Mid-Market and Exchange Rates: The mid-market for AUD-NGN is 948.8402 NGN per Australian Dollar.

• Fees: When sending money there may be additional fees. Africhange offers the lowest fee of the 6 providers tested, costing 1.1 AUD per transfer (based on $12,000 transferred).

• Amount Received: When comparing providers, the best measure is the amount of Naira eventually received in Nigeria.

Sometimes, waiting a day or two can help you get more NGN for the same amount of AUD. You can also opt for a forward contract to lock in rates between Australia and Nigeria.

A bank transfer is the most cost effective option for sending money from Australia to Nigeria.

Here are all the ways to send money from Australia to Nigeria:

Bank transfers

The default option for sending money from Australia to Nigeria is often a bank transfer.

Using a money transfer company, such as Africhange for transfers from Australia to Nigeria, allows for sending via a bank transfer while benefitting from lower fees and more favorable exchange rates. 


Debit and prepaid cards

Sending money from Australia to Nigeria with a prepaid or debit card is easy with Wise.


Wise is a leader in accepting card payments for transfers between Australia and Nigeria.

Credit cards

When it comes to international credit card transfers from Australia to Nigeria, we recommend comparing your options to get the best deal.

Always choose providers that are regulated by financial authorities to ensure funds are safe when transferring from Australia to Nigeria.

If you don’t know what the key regulatory bodies for money transfers are between Australia and Nigeria, please refer to our directory of financial regulators worldwide.

Some services have limits on how much you can transfer from Australia to Nigeria. This applies when receiving money in Nigeria as well.

Different companies will offer different rates or lower fees for different transfer amounts.

For example, we recommend using Wise if you need to send large amounts of AUD to Nigeria.

This being said, always check with the recipient and understand any declarations needed on large amounts of money leaving Australia, or entering Nigeria.

There are different ways to receive money in Nigeria. You can do a direct bank deposit, cash pickup, use a mobile wallet or receive money into a multi-currency account.

If you (or the recipient) want a direct transfer to your bank account, Wise is the best money transfer company for bank transfers between Australia and Nigeria.

And if you need cash right away, check if cash pickup is an option for transfers between Australia and Nigeria.

Mobile wallet services and payment apps like PayPal, Xoom, and CashApp are popular too, but they come with more limitations and higher costs compared to money transfer providers like Africhange.

When you're sending or receiving money between Australia and Nigeria, you have to be ready to show some ID.

The exact documents you need might vary. Usually in Australia this will be a government ID like a passport or driver's license. This will be similar if you need to open an account or collect cash in Nigeria.

If you're making a big transaction between Australia and Nigeria, a provider may ask you for proof of address or may want to know where your money comes from.

Wise is a great option for sending from Australia as the sign up process is pretty straightforward, even for larger transactions.

When sending large amounts of money between Australia to Nigeria there will be tax implications to consider.

Some AUD-NGN transfers may need to be reported to tax authorities, particularly where inheritance or property sales are involved.

Tax limits and personal allowances differ in Nigeria based on age, income and a few other elements. When in doubt, please contact a tax professional in Australia or Nigeria to discuss your personal circumstances.