How to Send Money from Canada to Nigeria — Best Ways in 2025

Last updated: 6/22/2026 | By Aboki Forex

Canada has one of the fastest-growing Nigerian communities in the world, with over 80,000 Nigerian-born residents concentrated in cities like Toronto, Calgary, Edmonton, Ottawa, and Vancouver. Sending Canadian dollars (CAD) home to Nigeria efficiently is essential for families supporting loved ones, paying school fees, or investing in property. This guide covers every practical method available to Nigerians in Canada in 2025 — from zero-fee apps to Canadian bank wire transfers.

1. Sendwave — Zero Fees from Canada

Sendwave supports transfers from Canada to Nigeria with zero transfer fees. It's widely used by Nigerian communities in Toronto, Calgary, and across Canada for regular family remittances. Money arrives within minutes directly to Nigerian bank accounts.

How to pay: Fund with a Canadian Visa or Mastercard debit card. TD, RBC, Scotiabank, BMO, CIBC, and Tangerine debit cards are all supported.

Limits: Up to CAD $2,999 per day with full identity verification. For amounts above this, Wise or a bank wire is more appropriate.

Best for: Monthly family support, grocery money, and smaller regular transfers.

2. Wise — Best CAD to Naira Rate for Large Transfers

Wise offers the mid-market exchange rate for CAD to NGN with a transparent percentage fee. For large transfers — school fees, property payments, business investment — Wise consistently delivers more naira than any traditional bank or most other apps.

How to pay in Canada: Bank transfer (EFT from any Canadian bank account), debit card, or SWIFT. Canadian EFT typically takes 1–2 business days to process.

Best for: Large one-time transfers from $500 CAD and above where the best exchange rate delivers the most naira.

3. Remitly — Trusted App with Express Option

Remitly is available in Canada and supports Nigeria with both Economy (slower, lower fee) and Express (minutes, slightly higher rate) tiers. First-time senders often get promotional zero-fee rates. Remitly's app is polished, easy to use, and supports all major Nigerian banks.

Best for: Nigerians in Canada who want a reliable, well-supported app with fast delivery options and strong customer service.

4. WorldRemit — Low Flat Fees

WorldRemit charges low flat fees for Canada-to-Nigeria transfers and offers competitive exchange rates. Supports bank deposit to all major Nigerian banks and cash pickup for recipients in areas without easy bank access. Available online and on mobile.

Best for: Transfers where a predictable flat fee is preferred over a percentage, or when cash pickup in Nigeria is needed.

5. USDT P2P Crypto — Closest to Black Market Rate

USDT P2P transfers are popular among tech-savvy Nigerians in Canada who want their family to receive naira at near black market rate.

Step-by-step from Canada:

1. Buy USDT on a Canadian-accessible exchange (Coinbase, Kraken, Newton, or Bitbuy) using your Canadian bank account or debit card.
2. Send USDT to your recipient's Binance or Bybit wallet in Nigeria.
3. The recipient sells USDT on Binance P2P for naira, which is deposited to their Nigerian bank account within minutes.

Check the USDT to Naira rate to estimate how much naira the recipient receives. Canadian crypto transactions are subject to capital gains tax — consult the CRA guidelines if you trade frequently.

6. Canadian Bank SWIFT Wire Transfer

Canadian banks support international wire transfers to Nigerian bank accounts, but fees and rates are the least competitive:

• TD Bank: $25 CAD per international wire.
• RBC Royal Bank: $13.50–$25 CAD depending on account.
• Scotiabank: $25 CAD per wire.
• BMO: $25 CAD per wire.
• CIBC: $25 CAD per wire.

In addition to the fee, banks apply a 2–3% exchange rate spread on top of the mid-market rate. Funds take 3–5 business days and arrive in USD (or CAD) to a Nigerian domiciliary account. If the recipient converts to naira at a Nigerian bank, the CBN official rate applies — much lower than the black market rate.

Best for: Large corporate or property transfers above $10,000 CAD where app daily limits are insufficient, or for funding a domiciliary account.

Funding a Nigerian Domiciliary Account from Canada

A domiciliary account (dom account) in Nigeria holds funds in foreign currency (USD or EUR — CAD is rarely offered). If your Nigerian bank account holder has a USD dom account, you can wire USD from Canada to that account. This allows them to hold dollars and convert to naira when the rate is most favourable, rather than being forced to convert at the CBN rate immediately on arrival.

For the SWIFT wire, you'll need: the Nigerian bank's SWIFT code, the recipient's account number, the bank branch address, and sometimes the recipient's BVN. Contact your Nigerian bank to get their full SWIFT/wire receiving details.

Tips for Nigerians in Canada Sending Money Home

1. Monitor the exchange rate. Check the Canadian dollar to naira rate on Aboki Forex. When the naira strengthens (rates dip), send more. When the naira weakens, your family gets more naira per dollar sent.
2. Batch your transfers. Sending larger amounts less frequently reduces per-transfer fees and improves rate efficiency.
3. Use promotions. Remitly and WorldRemit frequently offer zero-fee first transfers. Always check for active promotions before using a service for the first time.
4. Compare total naira received. Calculate the exact naira amount each service would deliver — not just the fee. A service with no fee but 3% worse exchange rate is more expensive on a $500 transfer than one with a $4 fee and a better rate.
5. For urgency, use Sendwave or Remitly Express. Both deliver within minutes when the recipient needs money immediately for bills, medical expenses, or emergencies.

Forex News