Setting Up Monthly Money Transfers to Family in Nigeria: Best Options

Sending money to family in Nigeria every month? Setting up automatic transfers saves time and ensures your family never misses a payment. Here's how to do it right.

Services That Offer Recurring Transfers

Wise

• ✓ Scheduled recurring transfers
• ✓ Best exchange rates
• ✓ Weekly, monthly, custom schedule
• ✓ Easy to pause/cancel

Remitly

• ✓ Recurring transfer feature
• ✓ Set and forget
• ✓ Multiple recipients
• ✓ Mobile app scheduling

WorldRemit Note

WorldRemit doesn't currently offer automated recurring transfers. You'll need to manually send each month. However, they save your recipient details for quick repeat transfers.

How to Set Up Recurring Transfers on Wise

1. Log into Wise app or website
2. Go to "Send money" and enter recipient details
3. Enter the amount you want to send monthly
4. Choose "Set up a recurring transfer"
5. Select frequency (weekly, bi-weekly, monthly)
6. Choose payment date (e.g., 1st of each month)
7. Set up auto-debit from your bank account
8. Review and confirm

You'll receive a notification before each transfer. You can cancel or pause anytime.

Monthly Cost Comparison: $300/month to Nigeria

If you send $300 every month to support family:

Service	Monthly Cost	Annual Cost	Family Gets (Year)
Wise	$4.20 fee	$50.40	₦5,540,000
Remitly	$3.99 fee	$47.88	₦5,420,000
WorldRemit	$3.99 fee	$47.88	₦5,380,000
Western Union	$8+ fee	$96+	₦5,100,000

*Assumes mid-market rate ~1,560 NGN/USD. Wise delivers ~₦440,000 more per year than Western Union.

Tips for Monthly Support

• Consistent timing: Send on the same date so family can budget
• Emergency fund: Keep buffer in case of rate fluctuations
• Review rates quarterly: Check if another service has become cheaper
• Consider larger, less frequent: Sending $600 bi-monthly saves on fees vs $300 monthly
• Use bank transfer funding: Auto-debit via ACH saves 0.5-1% vs card

Alternative: Send Larger Amounts Less Often

Consider this: Instead of $300/month, send $900 quarterly.

• Wise fee on $300: $4.20 × 12 = $50.40/year
• Wise fee on $900: $8.50 × 4 = $34.00/year
• You save: $16.40/year in fees

Trade-off: Family needs to budget larger amounts. Works best if they have savings buffer.

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