Afriex fees, rates and limits (2026)
Afriex is for the US/UK/Canada/EU diaspora that wants the lowest documented fee — most transfers are $1 or free (see below). It's app-first with multi-currency USD/GBP/EUR accounts, delivering to a curated set of African markets. Because its edge is a low or zero fee, still compare the rate it applies to the mid-market benchmark.
Where Afriex sends: the routes we cover
Coverage is checked route by route from each provider's own site — see the "will Afriex work for your route?" check below.
How much does Afriex cost? The fee anatomy
Afriex has the class's most clearly documented fee (from its own "Understanding Afriex's Transfer Fees" explainer, dated 7 May 2025): $1 flat from the UK or EU; $1 for US transfers funded by a prepaid/virtual/less-secure debit card; FREE for US transfers from a regulated bank or debit card (e.g. Chase, Bank of America, Wells Fargo); and FREE for all transfers from Canada. A common online claim of "$1 up to $10, free above $10" is NOT Afriex's actual structure — the real split is by funding source and region, not amount. A small withdrawal fee can apply; rates show on the send screen. Margins move daily; compare the app's quote to the live mid-market rate above before sending — the gap is the real cost.
See what the recipient gets (🇺🇸 United States → 🇳🇬 Nigeria):
Afriex delivery & speed
Afriex delivers to bank accounts and mobile money in its destination markets, typically fast on core routes. It's app-first and lets you hold and convert USD, GBP and EUR in-app.
Afriex limits & KYC
Limits are tiered by verification level. Multi-currency accounts (USD/GBP/EUR) let you hold and convert balances. Check your route's cap in the app.
Is Afriex safe? Regulation & trust
Is Afriex safe? Afriex is a US-registered money services business (state money-transmitter licences), YC-backed. It is not a bank; funds are handled under its money-transmission licences rather than deposit insurance. (Historic reports describe stablecoin settlement on its back end, but that is not stated on Afriex's public site today, so we don't present it as a current fact.)
Will Afriex work for your route?
Works if : you're sending FROM the US, UK, Canada or 8 EU countries TO Nigeria, Ghana, Ethiopia and more — wallet-first, with the cost in the margin. see the routes above →
- Sending from inside Africa? Afriex can't — its origins are the US, UK, Canada and 8 EU countries only (2026). For an Africa-to-Africa send, try Mukuru →
- Heading to a market off its list? Afriex is strong on Nigeria, Ghana, Ethiopia, Cameroon, Kenya, Uganda, Côte d'Ivoire and Egypt, but doesn't cover every country. WorldRemit covers more →
- Expecting the "$1 up to $10, free above" fee? That's a myth — Afriex's real fee splits by funding source and region, not amount. Want one clear public fee? See Wise →
- Prefer to send from a browser? Afriex is app-first — there's no full desktop send flow. Wise has a web flow →
Frequently asked questions
Is Afriex really free?
Often — US transfers from a regulated bank/card and all Canada transfers are free; UK/EU transfers and US unregulated-card transfers are $1 (per Afriex's May 2025 fee explainer). A small withdrawal fee can apply, and there's a rate margin, so compare the rate.
Where can Afriex send from and to?
From the US, UK, Canada and 8 EU countries, to a curated set of African markets (Nigeria, Ghana, Ethiopia, Cameroon, Kenya, Uganda, Côte d'Ivoire, Egypt and more).
Is Afriex safe?
Yes — a US-registered money services business (state licences), YC-backed. It's not a bank, so there's no deposit insurance; funds are handled under its licences.