Every money transfer company has upfront fees or exchange rate costs that you have to pay to send money abroad. If you send money to Nigeria from the US, UK, Canada, Western Europe or Australia, you know that there may be high commission percentages and some hidden costs.
Did you know that if you send 1,000 dollars from the US to Nigeria via Transfast (fast service; Table 1) you will pay 97 dollars in hidden conversion costs? The good news is that you can limit the losses from money transfers by using Time Doctor’s money sending tables.
We have a remote team with people in 19 different countries around the world. The two transfer methods we use the most are:
The following tables feature information about the charges and hidden fees of the most popular money transfer services. If you’re planning to send money to countries like Brazil, Australia, Kenya, Mexico, Macedonia, Poland, Philippines, Egypt, Romania, Indonesia, India, Bangladesh, Ukraine, Bolivia, Serbia, Pakistan and Colombia, check out our transfer charge estimates.
| Transfer method | Fees to send $1k USD | Hidden conversion cost | Total fees | Time for the transfer to arrive |
|---|---|---|---|---|
| Ria Money Transfer (slow) | $10 | $2 | $12 | 3-5 days |
| MoneyGram (fast) | $16 | $6 | $22 | In Minutes |
| Easy Exchange | $6 | $18 | $24 | 5 days |
| WorldRemit | $6 | $22 | $28 | 1-3 days |
| Ria Money Transfer (fast) | $28 | $2 | $30 | In Minutes |
| Western Union (slow) | $12 | $21 | $33 | 4 days |
| Wire transfer | $25-40 | $10-20 | $35-60 | 3-5 days |
| Xpress Money | $30 | $37 | $67 | 3-5 days |
| Western Union (fast) | $48 | $21 | $69 | In Minutes |
| Transfast (slow) | $0 | $74 | $74 | 3-5 days |
| Transfast (fast) | $5 | $97 | $102 | 1 day |
Xpress Money and Transfast (slow & fast) are giving very much high exchange rate, so we have taken black market rate to determine their hidden currency conversion cost. Moreover Paylid is also offering a very much high exchange rate compare to inter-bank rate but to know exact exchange rate and other fees they require to sign-up first.
| Transfer method | Fees to send £1k GBP | Hidden conversion cost | Total fees | Time for the transfer to arrive |
|---|---|---|---|---|
| WorldRemit | £3 | £6 | £9 | 1-2 days |
| Western Union | £3 | £9 | £12 | In Minutes |
| Double Crown | £1 | £12 | £13 | 3-5 days |
| Easy Naira | £4 | £10 | £14 | 5 days |
| TF Remit | £3 | £22 | £25 | 1-2 days |
| Mozely Money | £5 | £20 | £25 | 1-2 days |
| MoneyGram | £26 | £1 | £27 | In Minutes |
| Exchange4free | £0 | £34 | £34 | 1-2 days |
| Azimo | £10 | £27 | £37 | 1-3 days |
| TransferBee | £5 | £39 | £44 | 3-5 days |
| Voxstone | £30 | £20 | £50 | 3-5 days |
| Wire transfer | £15-25 | £10-30 | £25-55 | 3-5 days |
| Small World FS | £35 | £20 | £55 | 1-3 days |
| MoneyLineUK | £40 | £20 | £60 | 3-5 days |
Azimo, Small World FS, Exchange4free, MoneyLineUK, Double Crown, Mozely Money and Voxtone are giving very much high exchange rate, so we have taken black market rate to determine their hidden currency conversion cost.
| Transfer method | Fees to send $1k CAD | Hidden conversion cost | Total fees | Time for the transfer to arrive |
|---|---|---|---|---|
| Transfast (slow) | $5 | $29 | $34 | 1-2 days |
| Transfast (fast) | $6 | $29 | $35 | In Minutes |
| Exchange4free | $0 | $36 | $36 | 3-5 days |
| WorldRemit | $17 | $32 | $49 | 1-2 days |
| Xpress Money | $18 | $33 | $51 | 3-5 days |
| MoneyGram | $50 | $23 | $73 | In Minutes |
| Wire transfer | $25-40 | $20-30 | $45-75 | 3-5 days |
| Western Union | $40 | $36 | $76 | In Minutes |
WorldRemit can only send 995 CAD from Canada to Nigeria. Xpress Money and Exchange4free are giving very much high exchange rate, so we have taken black market rate to determine their hidden currency conversion cost.
| Transfer method | Fees to send €1k EUR | Hidden conversion cost | Total fees | Time for the transfer to arrive |
|---|---|---|---|---|
| Exchange4free | €0 | €12 | €12 | 3-5 days |
| Small World FS | €0 | €16 | €16 | 3-5 days |
| Azimo | €3 | €20 | €23 | 1-3 days |
| Easy Naira | €6 | €19 | €25 | 5 days |
| MoneyGram | €34 | €9 | €43 | In Minutes |
| WorldRemit | €22 | €23 | €45 | 1-2 days |
| Xpress Money | €25 | €20 | €45 | 3-5 days |
| Western Union | €25 | €37 | €62 | In Minutes |
| Wire transfer | €20-35 | €20-40 | €40-75 | 3-5 days |
Xpress Money, Azimo, Small World FS and Exchange4free are giving very much high exchange rate, so we have taken black market rate to determine their hidden currency conversion cost.
| Transfer method | Fees to send $1k AUD | Hidden currency conversion cost | Total fees | Time for the transfer to arrive |
|---|---|---|---|---|
| Exchange4free | $0 | $44 | $44 | 3-5 days |
| WorldRemit | $16 | $29 | $45 | 1-2 days |
| Western Union | $10 | $40 | $50 | 3-5 days |
| Xpress Money | $58 | $30 | $88 | 3-5 days |
| Wire transfer | $25-35 | $30-60 | $55-95 | 3-5 days |
| MoneyGram | $60 | $42 | $102 | In Minutes |
| Mhits | $110 | $15 | $125 | In Minutes |
What is the fee to send 5250 dollar from Mexico to Nigeria
is there anywhere i can do unlimited transfer via an atm master or visa card? or can i use one card on all platforms in the same day?