TorFX
The most money arrives: ₦159,566.90, after a No fee fee and the exchange-rate margin.
Pays the most to Bank deposit: ₦159,566.90.
Lowest upfront fee (No fee) — the exchange rate still decides what arrives.
Transfer comparison
Compare today's fees, exchange rates, delivery times and recipient amounts across 5 providers.
Rates updated 5 hours ago
Ranked by what your recipient actually gets.
| Provider | Recipient gets | Fee | Rate | Delivery | Best for | |
|---|---|---|---|---|---|---|
|
|
₦159,566.90 | No fee | 79.7835 | Minutes to 2 days | Most money received Best for Bank deposit | Send with TorFX (opens in a new tab) |
|
|
₦158,967.33 ₦600 less | R11.50 | 79.9433 | Seconds to 2 business days | Fastest delivery | Send with Wise (opens in a new tab) |
|
|
₦158,449.77 ₦1,117 less | R1.99 | 79.3038 | Minutes to 3 days | Best for Mobile money Best for Cash pickup | Send with WorldRemit (opens in a new tab) |
|
|
₦158,287.81 ₦1,279 less | No fee | 79.1439 | Minutes to 1 business day | Bank deposit · Cash pickup · Mobile money | Send with Western Union (opens in a new tab) |
|
|
₦157,972.03 ₦1,595 less | R3.99 | 79.1439 | Minutes (Express) / 1–3 days (Economy) | Bank deposit · Cash pickup · Mobile money | Send with Remitly (opens in a new tab) |
Amounts are estimates based on the mid-market reference rate and each provider's published or typical pricing. The final amount is confirmed by the provider at checkout.
The most money arrives: ₦159,566.90, after a No fee fee and the exchange-rate margin.
Pays the most to Bank deposit: ₦159,566.90.
Lowest upfront fee (No fee) — the exchange rate still decides what arrives.
Quickest to arrive: Seconds to 2 business days.
Pays the most to Mobile money: ₦158,449.77.
Pays the most to Cash pickup: ₦158,449.77.
Pays the most to Digital wallet: ₦158,449.77.
"Best overall" means the most money reaches your recipient after the transfer fee and the exchange-rate margin. Commission and sponsorship never change the order. Some figures are estimates — confirm the final amount on the provider's screen.
After fees and exchange-rate costs, your recipient gets about ₦159,567
Choosing TorFX over Remitly puts ₦1,595 more in your recipient's hands on this transfer.
Where your money goes with TorFX
Rate offered: 1 ZAR = 79.7835 NGN. Mid-market: 79.9433.
Every transfer has two costs: the fee you see up front, and the exchange-rate margin — the gap between the rate you get and the mid-market rate. Add them together and you have the true price.
Western Union charges no transfer fee — yet its exchange rate leaves your recipient ₦1,279 less than TorFX. A $0 fee is not the same as the cheapest transfer.
Only methods offered by the providers above.
3 providers
5 providers
3 providers
1 provider
Compare the options above and pick the one that fits your priority. For the most money arriving, that's TorFX today (₦159,567).
Enter R2,000 as the amount you send and add your recipient's details exactly as they appear on their ID or account.
Select Mobile money, Bank deposit, Cash pickup, Digital wallet — whichever your recipient can use.
Check the final amount on the provider's confirmation screen, pay, then track the transfer until it arrives.
Estimated · general pricing
Estimated · general pricing
Estimated · general pricing
Estimated · general pricing
Estimated · general pricing
Today the total cost — transfer fee plus exchange-rate margin — ranges from R4.00 with TorFX to R23.95 with Remitly across the 5 providers we compare.
TorFX is the cheapest overall today: your recipient gets ₦159,566.90 after a No fee fee. That counts the exchange rate as well as the fee, so it can differ from the provider with the lowest advertised fee.
Between ₦157,972 and ₦159,567 depending on the provider, at today's rates. At the mid-market rate with no costs at all, R2,000 would be ₦159,887.
Wise is the quickest, delivering seconds to 2 business days. Bank deposits can take longer than mobile money or cash pickup, and a first transfer may be held for identity checks.
Yes. 3 providers pay out to Mobile money, including WorldRemit, Western Union, Remitly. WorldRemit pays the most: ₦158,449.77. Mobile money accounts have transaction and daily limits set by the operator, so check them before sending a large amount.
TorFX gives your recipient ₦600 more than Wise today (₦159,566.90 against ₦158,967.33). Rates change, so compare again on the day you send.
Yes. 5 providers we compare deposit into bank accounts in Nigeria. TorFX pays the most: ₦159,566.90. Bank deposits are often slower than mobile money.
5 of the providers we compare accept R2,000 on this route. These can't: XE (Minimum transfer is R3,000.00). Larger transfers can also trigger extra identity or source-of-funds checks.