What is WorldRemit?
WorldRemit was founded in London in 2010 and became one of the first large online-only remittance services. It is now part of Zepz, the group that also owns Sendwave. WorldRemit sends from dozens of countries, which is one of its strengths.
How WorldRemit prices a transfer
WorldRemit charges a transfer fee that depends on where you send from, how you pay and how the money is received, and it makes money on the exchange rate.
On 8 November 2026, its UK page showed ₦1,825.10 per pound, identical to Sendwave's rate that day. That suggests both brands draw on the same pricing engine for some routes. The difference between them is mainly the fee and the payout options:
- WorldRemit offers more ways to receive, including cash pickup
- Sendwave keeps it simple, with no fee on most transfers
WorldRemit says the fee depends on the receive method, not the amount, so on larger transfers it matters less. Always compare the naira received, which our calculator does for you.
Delivery options in Nigeria
- Bank deposit: naira into Nigerian bank accounts.
- Mobile wallet: to supported wallets.
- Cash pickup: naira cash at partner locations, a key reason people choose WorldRemit.
Under Central Bank of Nigeria rules, cash pickup is paid in naira and limited to about USD 200 equivalent per payout. Anything larger must go to a bank account. Your recipient needs the transfer reference and a valid ID with the same name as the transfer.
Paying for your transfer
Most senders pay by debit card. Bank transfer and other local methods are available in some countries. Credit cards, where accepted, are usually treated as cash advances by the card issuer.
Speed
Bank deposits and wallet transfers to Nigeria are often completed within minutes to a few hours. Cash pickup is usually ready quickly once the transfer is paid for. As with any provider, first transfers and larger amounts may be checked before release.
How much does WorldRemit charge to send money to Nigeria?
There are two parts to the cost:
- The transfer fee: set by the sending country, payment method and how your recipient receives the money. WorldRemit shows it on the first screen of the transfer.
- The exchange rate margin: the gap between WorldRemit's rate and the mid-market rate. You can see it by comparing WorldRemit's naira amount with our live table.
For a bank deposit, add the two together and compare against fee-free apps. For a small cash pickup, the convenience can be worth paying for.
Common reasons transfers are delayed
- Cash pickup over the cap. Asking for a cash amount above the CBN limit.
- Name mismatch. The recipient's name doesn't match their ID or BVN.
- Wrong details. An incorrect account number or bank.
Our verdict
WorldRemit is reliable and covers many sending countries, with cash pickup as its standout feature. For plain bank transfers, Sendwave (same group) or the zero-fee apps usually deliver more naira. Compare on your route: USA, UK, Canada or Europe, or read Remitly vs WorldRemit.