TorFX
The most money arrives: ₦664,175.92, after a No fee fee and the exchange-rate margin.
Pays the most to Bank deposit: ₦664,175.92.
Lowest upfront fee (No fee) — the exchange rate still decides what arrives.
Transfer comparison
Send $500 from USA to Nigeria
Compare today's fees, exchange rates, delivery times and recipient amounts across 6 providers.
Rates updated 8 hours ago
- You send
- $500
- Recipient receives
- up to ₦664,176 with TorFX
- Fastest delivery
- Seconds to 2 business days Wise
Compare your options for sending $500
Ranked by what your recipient actually gets.
- Best overallTorFX
- Lowest upfront feeTorFX
- FastestWise
| Provider | Recipient gets | Fee | Rate | Delivery | Best for | |
|---|---|---|---|---|---|---|
TorFX Estimate
|
₦664,175.92 | No fee | 1,328.3518 | Minutes to 2 days | Most money received Best for Bank deposit | Send with TorFX (opens in a new tab) |
OFX Estimate
|
₦662,179.40 ₦1,997 less | No fee | 1,324.3588 | 1–3 business | Bank deposit | Send with OFX (opens in a new tab) |
Wise Estimate
|
₦660,182.88 ₦3,993 less | $4.00 | 1,331.0139 | Seconds to 2 business days | Fastest delivery | Send with Wise (opens in a new tab) |
Western Union Sponsored
Estimate
|
₦658,851.86 ₦5,324 less | No fee | 1,317.7037 | Minutes to 1 business day | Best for Mobile money Best for Cash pickup | Send with Western Union (opens in a new tab) |
WorldRemit Estimate
|
₦657,555.35 ₦6,621 less | $1.99 | 1,320.3658 | Minutes to 3 days | Best for Digital wallet | Send with WorldRemit (opens in a new tab) |
Remitly Estimate
|
₦653,594.23 ₦10,582 less | $3.99 | 1,317.7037 | 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.
1 provider can't take $500 on this route
- XE — Minimum transfer is $3,000.00
Which is the best way to send $500 to Nigeria?
Wise
Quickest to arrive: Seconds to 2 business days.
Western Union
Pays the most to Mobile money: ₦658,851.86.
Pays the most to Cash pickup: ₦658,851.86.
WorldRemit
Pays the most to Digital wallet: ₦657,555.35.
"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.
What $500 gets you in Nigeria
After fees and exchange-rate costs, your recipient gets about ₦664,176
Choosing TorFX over Remitly puts ₦10,582 more in your recipient's hands on this transfer.
- The amount varies by provider — the table above shows each one.
- Exchange rates move during the day, so the final figure can change.
- Fees can depend on how you pay and how your recipient is paid.
- Most you can get
- ₦664,176 TorFX
- Least you could get
- ₦653,594 Remitly
- At the mid-market rate
- ₦665,507 No fees, no margin — the benchmark
How much does it cost to send $500 to Nigeria?
Where your money goes with TorFX
- Amount sent
- $500.00
- Transfer fee
- − $0.00
- Exchange-rate margin
- − $1.00
- Total cost
- $1.00 (0.20%)
- Recipient receives
- ₦664,175.92
Rate offered: 1 USD = 1,328.3518 NGN. Mid-market: 1,331.0139.
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.
OFX charges no transfer fee — yet its exchange rate leaves your recipient ₦1,997 less than TorFX. A $0 fee is not the same as the cheapest transfer.
Ways your recipient can get the money in Nigeria
Only methods offered by the providers above.
-
Mobile money
3 providers
- Most received
- ₦658,852 Western Union
- Fastest
- Minutes to 1 business day Western Union
-
Bank deposit
6 providers
- Most received
- ₦664,176 TorFX
- Fastest
- Seconds to 2 business days Wise
-
Cash pickup
3 providers
- Most received
- ₦658,852 Western Union
- Fastest
- Minutes to 1 business day Western Union
-
Digital wallet
1 provider
- Most received
- ₦657,555 WorldRemit
- Fastest
- Minutes to 3 days WorldRemit
How to send $500 from USA to Nigeria
-
Choose a provider
Compare the options above and pick the one that fits your priority. For the most money arriving, that's TorFX today (₦664,176).
-
Enter your transfer details
Enter $500 as the amount you send and add your recipient's details exactly as they appear on their ID or account.
-
Choose delivery
Select Mobile money, Bank deposit, Cash pickup, Digital wallet — whichever your recipient can use.
-
Pay and track
Check the final amount on the provider's confirmation screen, pay, then track the transfer until it arrives.
Provider by provider for $500
TorFX
Most money received- Recipient gets
- ₦664,175.92
- Fee
- No fee
- Exchange rate
- 1,328.3518
- Delivery
- Minutes to 2 days
- Pays out to
- Bank deposit
Estimated · general pricing
OFX
- Recipient gets
- ₦662,179.40
- Fee
- No fee
- Exchange rate
- 1,324.3588
- Delivery
- 1–3 business
- Pays out to
- Bank deposit
Estimated · general pricing
Wise
Fastest delivery- Recipient gets
- ₦660,182.88
- Fee
- $4.00
- Exchange rate
- 1,331.0139
- Delivery
- Seconds to 2 business days
- Pays out to
- Bank deposit
Estimated · general pricing
Western Union
Best for Mobile money- Recipient gets
- ₦658,851.86
- Fee
- No fee
- Exchange rate
- 1,317.7037
- Delivery
- Minutes to 1 business day
- Pays out to
- Bank deposit, Cash pickup, Mobile money
Estimated · general pricing
WorldRemit
Best for Digital wallet- Recipient gets
- ₦657,555.35
- Fee
- $1.99
- Exchange rate
- 1,320.3658
- Delivery
- Minutes to 3 days
- Pays out to
- Bank deposit, Cash pickup, Mobile money, Digital wallet
Estimated · general pricing
Remitly
- Recipient gets
- ₦653,594.23
- Fee
- $3.99
- Exchange rate
- 1,317.7037
- Delivery
- Minutes (Express) / 1–3 days (Economy)
- Pays out to
- Bank deposit, Cash pickup, Mobile money
Estimated · general pricing
$500 transfer FAQs
How much does it cost to send $500 to Nigeria?
Today the total cost — transfer fee plus exchange-rate margin — ranges from $1.00 with TorFX to $8.95 with Remitly across the 6 providers we compare.
What is the cheapest way to send $500 to Nigeria?
TorFX is the cheapest overall today: your recipient gets ₦664,175.92 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.
How much will the recipient receive for $500?
Between ₦653,594 and ₦664,176 depending on the provider, at today's rates. At the mid-market rate with no costs at all, $500 would be ₦665,507.
How long does it take to send $500 to Nigeria?
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.
Can I send $500 to a mobile wallet in Nigeria?
Yes. 3 providers pay out to Mobile money, including Western Union, WorldRemit, Remitly. Western Union pays the most: ₦658,851.86. Mobile money accounts have transaction and daily limits set by the operator, so check them before sending a large amount.
Is it cheaper to send $500 through TorFX or OFX?
TorFX gives your recipient ₦1,997 more than OFX today (₦664,175.92 against ₦662,179.40). Rates change, so compare again on the day you send.
Can I send $500 to a bank account in Nigeria?
Yes. 6 providers we compare deposit into bank accounts in Nigeria. TorFX pays the most: ₦664,175.92. Bank deposits are often slower than mobile money.
Do money-transfer providers have limits on $500 transfers?
6 of the providers we compare accept $500 on this route. These can't: XE (Minimum transfer is $3,000.00). Larger transfers can also trigger extra identity or source-of-funds checks.