Send money to Italy from Nigeria
Grey lets you send money from Nigeria to Italy directly from your NGN balance. Your naira converts to euros at the live NGN-to-EUR rate and lands in your recipient's Italian bank account via SEPA. Intesa Sanpaolo, UniCredit, Banco BPM, and Cassa Depositi e Prestiti are all supported. Transfers from a funded Grey balance typically arrive within minutes. Grey operates through CBN-licensed banking partners.
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Send money from Nigeria to Italy, straight to any bank account
When you send money to Italy through Grey, your NGN balance converts to EUR at the live rate and arrives directly in your recipient's Italian bank account. Intesa Sanpaolo, UniCredit, Banco BPM, and Cassa Depositi e Prestiti are all supported via SEPA. Enter your recipient's IBAN, confirm the rate and fee, and send.
Your recipient does not need a Grey account. The euros arrive in their banking app typically within minutes. No branch visits, no international wire forms, no intermediary banks charging fees at the other end.
The total cost of a transfer is the conversion fee and the exchange rate together. Some services advertise zero fees but mark up the rate. Grey shows both numbers on the same screen before you tap Send.
How to send money to Italy from Nigeria
Sign up
Open a free Grey account on your phone in under five minutes. Verify your identity with a valid Nigerian ID.
Fund
Fund your Grey NGN balance via bank transfer from your Nigerian bank, or via Direct Debit (0.5% + N60).
Send
Enter your recipient's Italian bank account IBAN. Confirm the live NGN-to-EUR rate and fee. Send. The euros typically arrive within minutes via SEPA.
How much does it cost to send money to Italy
Every transfer from Nigeria to Italy involves two costs: the conversion fee and the exchange rate margin. Grey shows both before you confirm. The EUR amount your recipient receives is on screen before you tap Send. NGN-to-EUR is a Group A currency pair, which means Grey's conversion fee is capped at $6 regardless of the transfer amount. On a large transfer, the effective fee percentage drops well below 1%.
How exchange rates work: NGN to EUR
The NGN-to-EUR exchange rate determines how many euros your recipient receives. On a large naira transfer, a 1% difference in the rate changes the euro amount meaningfully. Grey shows the live rate before you confirm. The rate on screen is the rate applied. No adjustment after you send.
Grey charges a conversion fee of 1%, capped at $6. The withdrawal fee is 0.5% of the transfer amount, minimum €2, capped at €10. Both are shown alongside the rate before you commit. That is the complete cost.
Some providers advertise zero fees but recover their margin through the exchange rate. On a large NGN transfer, a 2% rate markup costs significantly more than a transparent fee would. Grey separates both numbers so the total cost is clear before you send.
How fast is each provider?
Grey delivers to Italian bank accounts via SEPA typically within minutes from a funded balance. SEPA Instant is available for eligible transfers. Traditional bank wires from Nigeria to Europe route through multiple correspondent banks and typically take 3-5 business days with fees deducted at each stage.
What your recipient sees in Italy
Your recipient does not need a Grey account. The euros arrive in their Italian bank account as a standard SEPA credit. It appears the same way any domestic European transfer would. No action is required from your recipient beyond having a bank account.
Bank account delivery via SEPA
Grey sends to major Italian banks including Intesa Sanpaolo, UniCredit, Banco BPM, and Cassa Depositi e Prestiti. Enter your recipient's IBAN in the Grey app. Withdrawal fee: 0.5% of the transfer amount, minimum €2, capped at €10.
SEPA and SEPA Instant
Grey routes transfers to Italy via SEPA. SEPA Instant settles in under 10 seconds where available. Standard SEPA transfers typically arrive within minutes. Both options deliver directly to your recipient's Italian bank account.
GreyTag transfers
If your recipient has a Grey account, send via GreyTag instead. GreyTag transfers are free and arrive within seconds, in any currency.
Ways to fund your transfer
Whether you are transferring money to Italy for the first time or the fiftieth, Grey gives you three funding options
Grey balance
If you already hold EUR in your Grey balance, you can send without a new deposit. Fund your balance in advance, and transfers go out immediately.
Bank transfer
Fund via bank transfer from your Nigerian bank account. Grey supports deposits from all major Nigerian banks.
Direct Debit
Fund via Direct Debit from your Nigerian bank account. Fee: 0.5% + N60. The fastest way to top up your Grey NGN balance.
Which option is cheapest? Grey displays the fee for each funding method before you confirm, so you can compare and choose. There is no penalty for switching between them.
Send money to Italy for every reason that matters
Support family in Europe
Italy has a large Nigerian community, particularly in the north. A parent in Lagos covering a child's monthly living costs in Rome. A family in Abuja sending regular support to a sibling working abroad. On a recurring transfer, the rate Grey shows before you confirm is the rate applied , no adjustment after the fact.
Education and university fees
Paying tuition fees at a Italian university from a salary in Lagos. Covering semester fees due on a fixed date. Sending monthly allowance to a student in Rome. Grey shows the NGN amount debited and the EUR amount received before you confirm, so there are no surprises when fees are due.
Business and supplier payments
A Lagos-based business settling invoices with a Italian supplier or partner in euros. A Nigerian startup paying for Italian-based software, services, or contractors. A company in Abuja managing regular EUR payables to a European counterpart. Grey supports SEPA transfers to Italian bank accounts without requiring a separate business account.
Move or settle abroad
A Nigerian professional relocating to Rome and covering initial costs from Nigeria. Funding a Italian bank account before arriving. Sending a salary instalment ahead of a move. Grey shows the exact EUR amount before you send, so you know precisely what lands in your account on arrival.
Your reasons may be different, but the need is the same: the money has to get there, the cost has to be clear, and the app has to work the same way it did last month. Do it all on Grey, with the rate and fee shown before every transfer.
Best way to send money to Italy from Nigeria
A global money app you can actually trust
Over 3 million people across 80+ countries use Grey to move money across borders. Your transfers are protected with bank-grade encryption, and every payout is tracked end-to-end. You'll know exactly when the money lands, and so will the person receiving it. If you have any questions, our support team is one tap away.
FAQs
How long does it take to send money from Nigeria to Italy?
Transfers from a funded Grey balance to Italy typically arrive within minutes via SEPA. SEPA Instant settles in under 10 seconds where available. Standard SEPA transfers arrive within minutes.
What is the fee for sending money from Nigeria to Italy?
Grey charges a conversion fee of 1%, capped at $6, on NGN to EUR transfers. The withdrawal fee is 0.5% of the transfer amount, minimum €2, capped at €10. Both are shown before you confirm.
Which Italy banks does Grey support?
Grey supports transfers to major Italy banks including Intesa Sanpaolo, UniCredit, Banco BPM, and Cassa Depositi e Prestiti. Enter your recipient's IBAN in the Grey app.
What is the NGN to EUR exchange rate today?
The live NGN to EUR rate is shown inside the Grey app before you confirm your transfer. The rate at the time of confirmation is the rate applied. Grey does not adjust the rate after you send.
Does my recipient in Italy need a Grey account?
No. Your recipient does not need a Grey account. The euros arrive in their Italy bank account as a standard SEPA credit, the same way any domestic European transfer would appear.
Is Grey safe for sending money from Nigeria to Italy?
Grey operates through CBN-licensed banking partners in Nigeria. Grey is a financial technology company, not a bank. All transfers are processed under Nigerian financial regulations.
What is SEPA and how does it work for transfers from Nigeria to Italy?
SEPA is the Single Euro Payments Area, the bank transfer network connecting financial institutions across Europe. Grey routes NGN to EUR transfers through SEPA, which delivers directly to your recipient's Italy bank account as a standard euro credit.
Why is Grey's conversion fee for Nigeria to Italy capped?
NGN to EUR is a Group A currency pair in Grey's fee structure. Group A applies a 1% conversion fee capped at $6 regardless of the transfer amount. On a large transfer, the effective fee percentage drops below 1%.
Can I send money from Nigeria to Italy from a Grey balance?
Yes. If you hold NGN in your Grey balance, you can send to Italy without waiting for a new deposit. Transfers from a funded balance typically begin within seconds.
How much can I send from Nigeria to Italy?
The daily limit is $10,000 equivalent and the monthly limit is $30,000 equivalent. All limits are shown in the Grey app before you send.
How does Grey compare to a Nigerian bank wire to Italy?
Traditional bank wires from Nigeria to Italy typically route through correspondent banks, take 3-5 business days, and carry fees at each stage. Grey delivers via SEPA within minutes at a capped conversion fee of $6 and a withdrawal fee shown before you confirm.
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