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Quick answer
💸 Quick Transfer Savings Calculator
Example: $800 transfer from Upwork to GTBank
- 🏦 Traditional bank: 4-5% fee + bad exchange rate = ~5% lost
- ✅ Wise: 0.5-1% transparent fee + mid-market rate = save ₦12,000 vs domiciliary account
→ Calculate Your Transfer (Free)
*Example estimate based on typical published fees. Live rates and fees vary — always check the provider's own calculator before transferring.
To withdraw from Wise to Fidelity Bank, log into your Wise account, convert your funds to Naira, and use the bank transfer option to send money to your Fidelity account.
Why this matters for Nigerian freelancers in 2026
In 2026, efficient fund management is crucial for Nigerian freelancers, especially those earning in foreign currencies. With over 1.5 million freelancers in Nigeria, the ability to withdraw funds quickly from platforms like Wise to local banks such as Fidelity can save you significant time and costs. For instance, withdrawing $500 can incur fees of about 1.5% using Wise, translating to savings of approximately NGN 7,500 compared to traditional bank transfers. This means freelancers can expect to receive their payments in just 1-3 business days, enhancing cash flow and allowing them to invest in their projects more swiftly.
Step-by-step: How to Withdraw Wise to Fidelity Bank
- Set Up Your Wise Account
- Visit the Wise website or download the Wise app.
- Click on “Sign Up” and enter your email.
- Create a secure password and verify your identity with required documents.
- Receive Funds into Your Wise Account
- Provide your Wise account details to clients for payment.
- Log in to your Wise account and navigate to “Balances.”
- Select “Add a currency” and choose the currency you are receiving (e.g., USD).
- Convert Currency within Wise
- Go to the “Balances” section after receiving funds.
- Select the currency you want to convert.
- Click “Convert” and choose Naira (NGN) as the target currency.
- Withdraw Funds to Fidelity Bank
- Log into your Wise account and select “Send Money.”
- Choose “Bank Transfer” as the method.
- Enter the withdrawal amount and add your Fidelity Bank account details.
- Confirm Receipt of Funds
- Log into your Fidelity Bank online banking or app.
- Check your balance and transaction history for the incoming funds.
- Contact customer service if the funds don’t appear within the expected timeframe.
What are the best payment options for Nigerian freelancers?
| Payment Method | Fees | Transfer Time | Currency Options |
|---|---|---|---|
| Wise | 1.5% | 1-3 business days | USD, EUR, GBP, NGN |
| Paystack | 2.9% | Instant | NGN |
| Flutterwave | 3% | 1-5 business days | NGN, USD, EUR |
Real example: How a Lagos freelancer benefits
Consider a freelancer based in Lagos who earns $1,000 from an international client. By using Wise, they pay approximately $15 in fees, receiving about NGN 750,000 in their Fidelity Bank account within 2 days. This efficient transfer method saves them time and allows them to reinvest in their freelance business immediately.
Common mistakes to avoid
- Not verifying your Wise account: Failing to complete verification can delay your transfers.
- Incorrect account details: Double-check your Fidelity Bank account information to avoid failed transactions.
- Ignoring currency conversion: Always convert to Naira before withdrawal to ensure you receive funds in the local currency.
Frequently asked questions
- How long does it take to withdraw from Wise to Fidelity Bank? Withdrawals typically take 1-3 business days.
- Are there fees for withdrawing from Wise? Yes, Wise charges around 1.5% of the withdrawal amount.
- Can I withdraw multiple currencies to Fidelity Bank? You can convert and withdraw multiple currencies, but ensure they are converted to NGN.
- What if my funds don’t arrive? Check your Wise account and transaction history, and contact Fidelity Bank for assistance.
- Is Wise safe for Nigerian freelancers? Yes, Wise is regulated and uses advanced security measures to protect your funds. Explore our other guides to enhance your freelancing experience: