Canadians send nearly $25 billion annually in global remittances, with Nigeria ranking among the top destinations for African money transfers.
But with banks still charging up to 6% in hidden fees, finding a cheaper, faster way to send money from Canada to Nigeria has become essential.
In this 2025 guide, you’ll discover the top low-cost transfer providers, how they compare, and how to save more on every transfer using nairaCompare’s Send Money Tool.
Traditional banks typically charge 4–6% in total transfer costs through poor exchange rates and high fees, applying a markup of 3–6% above the mid-market rate.
That means for a $1,000 transfer, you could pay $30–$60 more than if you used a specialized platform.
Digital money transfer apps like Africhange, TapTap Send, and Wise often cut this cost down to as little as 0.5–2%.
Compare rates now on nairaCompare’s Canada–Nigeria Transfer Tool before confirming your next transaction.
Africhange uses blockchain technology to deliver competitive rates — often ₦405–₦410 per CAD — with zero transfer fees. The company is FINTRAC-registered in Canada and licensed in Québec.
Key Features:
$0 transfer fees
Transfers arrive in minutes
Supports all Nigerian banks
Uses Bitcoin rails for instant settlement
Multi-currency wallet (CAD, NGN, BTC, USDT)
Best for: Users prioritizing the best exchange rate and fast delivery.
TapTap Send offers no transfer fees and completes 90% of transfers within minutes. The platform is available in Canada, US, UK, EU, UAE, and Australia, serving millions globally.
Key Features:
100% fee-free transfers
Bank account deposits & mobile money support
Fast delivery (minutes)
Excellent CAD→NGN rates
Pro Tip: Perfect for frequent family support transfers.
Wise gives you the real mid-market exchange rate—no hidden markups. Fees start at around $7–$70, depending on the amount (≈0.7%), making it ideal for larger transfers.
Key Features:
Transparent fee structure
0% markup on exchange rates
Multi-currency account (CAD, USD, GBP, EUR)
Trusted by over 16 million users globally
Best for: High-value transfers where clarity and fairness matter most.
Remitly often ranks among the cheapest and most reliable options for Canada–Nigeria transfers. It offers bank deposits, cash pickup, and first-time user promos.
Key Features:
Fee-free first transfers
Fast delivery (minutes–2 days)
Competitive CAD→NGN rates
Mobile app available
Best for: Users seeking speed + multi-option payouts.
LemFi supports CAD, USD, EUR, and GBP transfers and serves over 1 million users. The platform is registered with FINTRAC (Canada) and offers instant transfers with low or zero fees.
Key Features:
Zero or low fees
Real-time notifications
Instant delivery
24/7 customer support
Tip: Ideal for those who send to multiple African countries.
| Provider | Transfer Fees | Exchange Rate | Speed | Best For |
|---|---|---|---|---|
| Africhange | $0 | Up to ₦410/CAD | Minutes | Best rate overall |
| TapTap Send | $0 | Competitive | Minutes | Fee-free transfers |
| Wise | $7–$70 | Mid-market rate | 1–2 days | Transparency |
| Remitly | Varies (promos) | Competitive | 0–2 days | First-time users |
| LemFi | $0–Low | Competitive | Minutes–Hours | Multi-currency needs |
Rates current as of October 2025. May vary based on delivery method and transfer size
.
Consider These Factors:
Compare real-time rates using tools like nairaCompare's Send Money comparison tool before every transfer to ensure you get the best deal.
All listed providers are fully licensed and regulated by Canadian and international authorities:
Africhange: Registered with FINTRAC (M19773759), licensed in Québec (12705)
TapTap Send: Licensed by FCA (UK), NMLS ID 2108069 (US)
Wise: Regulated by FINTRAC and global financial bodies
Remitly: Licensed in all its operating jurisdictions
LemFi: Registered with FINTRAC (Canada) and FCA (UK)
All providers use bank-level encryption and fraud monitoring to protect your transfers.
Q: What’s the cheapest way to send money from Canada to Nigeria?
Africhange and TapTap Send currently offer zero transfer fees and competitive rates, making them the most cost-effective options.
Q: How long do transfers take?
Most transfers arrive within minutes to 2 days, depending on the provider and payment method.
Q: Are these services safe?
Yes. All are licensed under FINTRAC and comply with international financial standards.
Q: What’s the best payment method?
Bank transfers are cheapest; debit cards are faster but slightly costlier. Credit cards are the fastest but carry the highest fees.
The cheapest way to send money from Canada to Nigeria is through specialized online providers, with costs as low as -2.3% of the transfer amount.
Africhange and TapTap Send stand out for their zero transfer fees and competitive exchange rates, while Wise offers unmatched transparency with mid-market rates.
For Nigerians in Canada looking to support family or invest back home, using the right provider can save hundreds of dollars annually. Always compare rates before each transfer using nairaCompare to ensure you're getting the best possible deal.
Looking for more financial guidance? Explore how to send money to Nigeria from the USA or learn about investment opportunities in Nigeria.