Sending Money FROM Tanzania

The following tables show how much it costs to remit money FROM Tanzania TO

Kenya
Rwanda
Uganda

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FIND & COMPARE PRICES

SENDING MONEY

From

Remitting from Tanzania to Kenya

Collection Period for Go to top

TZS|USD|

324500
811000
200
500

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Firm Name	Firm Type	Fee	The exchange rate margin is the cost resulting from the percentage difference between the current interbank exchange rate and the actual exchange rate applied to the remittance transfer. Exchange Rate Margin (%)	The total cost of sending a remittance transfer includes: the fee charged to the sender plus the exchange rate margin. Total Cost Percent (%)	The total cost of sending a remittance transfer includes: the fee charged to the sender plus the exchange rate margin. Total Cost(TZS)▲	Transfer Speed has been standardized in six broad categories. Transfer Speed	In 2008 Network Coverage information was not collected. Network Coverage	Date
Product: Account to account (same bank) Note:Service for members Kenya Commercial Bank (KCB)	Bank	0.00	Percentage difference between Interbank exchange rate 0 and exchange rate charged 0 1.21	1.21	3932.47	Less than one hour	Own/partner bank account in receiving country Nationwide	Feb 05, 2013
Product: Cash to cash UBA AfriCash	Bank	10860.00	Percentage difference between Interbank exchange rate 0 and exchange rate charged 0 2.83	6.18	20047.68	Same day	Cash pick up at agents in receiving country Major cities	Feb 05, 2013
Product: Cash to cash Western Union	MTO	18000.00	Percentage difference between Interbank exchange rate 0 and exchange rate charged 0 1.21	6.76	21932.47	Less than one hour	Cash pick up at branches/agents such as Equity Bank Nationwide	Feb 05, 2013
Product: Cash to cash MoneyGram	MTO	22000.00	Percentage difference between Interbank exchange rate 0 and exchange rate charged 0 1.21	7.99	25932.47	Less than one hour	Cash pick up at branches/agents such as National Bank of Kenya, Cooperative Bank of Kenya Nationwide	Feb 05, 2013
Product: Cash to cash Tanzania Postal Corporation	Post office	24000.00	Percentage difference between Interbank exchange rate 0 and exchange rate charged 0 2.83	10.23	33187.68	Next day	Cash pick up at post office counters Nationwide	Feb 05, 2013
Product: Account to account (other bank) Note:This RSP's fees are quoted only in USD. Kenya Commercial Bank (KCB)	Bank	64900.00	Percentage difference between Interbank exchange rate 0 and exchange rate charged 0 1.21	21.21	68832.47	2 days	Bank account in receiving country Nationwide	Feb 05, 2013
Product: Account to account Note:This RSP's fees are quoted only in USD. National Bank of Commerce Ltd	Bank	81125.00	Percentage difference between Interbank exchange rate 0 and exchange rate charged 0 2.83	27.83	90312.68	2 days	Bank account in receiving country Nationwide	Feb 05, 2013
Product: Account to account Note:This RSP's fees are quoted only in USD. Stanbic Bank	Bank	89237.50	Percentage difference between Interbank exchange rate 0 and exchange rate charged 0 2.83	30.33	98425.18	Next day	Bank account in receiving country Nationwide	Feb 05, 2013
Product: Account to account Note:This RSP's fees are quoted only in USD. Twiga Bancorp	Bank	97350.00	Percentage difference between Interbank exchange rate 0 and exchange rate charged 0 1.21	31.21	101282.47	Next day	Bank account in receiving country Nationwide	Feb 05, 2013
Product: Account to account Note:This RSP's fees are quoted only in USD. Exim Bank Tanzania Ltd	Bank	97350.00	Percentage difference between Interbank exchange rate 0 and exchange rate charged 0 1.21	31.21	101282.47	2 days	Bank account in receiving country Nationwide	Feb 05, 2013
Product: Account to account Note:This RSP's fees are quoted only in USD. Standard Chartered Bank	Bank	146025.00	Percentage difference between Interbank exchange rate 0 and exchange rate charged 0 1.21	46.21	149957.47	2 days	Bank account in receiving country Nationwide	Feb 05, 2013
Bank Average		73355.94	Percentage difference between Interbank exchange rate 0 and exchange rate charged 0 1.82	24.42	79259.11	Total Average First quarter 2013 20.03 Total Average Third quarter 2012 19.63
MTO Average		20000.00	Percentage difference between Interbank exchange rate 0 and exchange rate charged 0 1.21	7.38	23932.47
Post office Average		24000.00	Percentage difference between Interbank exchange rate 0 and exchange rate charged 0 2.83	10.23	33187.68
Total Average		59167.95	Percentage difference between Interbank exchange rate 0 and exchange rate charged 0 1.80	20.03	65011.41
Total Average in Third quarter 2012		59167.95	Percentage difference between Interbank exchange rate 0 and exchange rate charged 0 1.40	19.63	63701.04

*Click on column headers to sort data

Firm Name	Firm Type	Fee	The exchange rate margin is the cost resulting from the percentage difference between the current interbank exchange rate and the actual exchange rate applied to the remittance transfer. Exchange Rate Margin (%)	The total cost of sending a remittance transfer includes: the fee charged to the sender plus the exchange rate margin. Total Cost Percent (%)	The total cost of sending a remittance transfer includes: the fee charged to the sender plus the exchange rate margin. Total Cost(TZS)▲	Transfer Speed has been standardized in six broad categories. Transfer Speed	In 2008 Network Coverage information was not collected. Network Coverage	Date
Product: Account to account (same bank) Note:Service for members Kenya Commercial Bank (KCB)	Bank	0.00	Percentage difference between Interbank exchange rate 0 and exchange rate charged 0 1.21	1.21	9828.15	Less than one hour	Own/partner bank account in receiving country Nationwide	Feb 05, 2013
Product: Cash to cash UBA AfriCash	Bank	18165.00	Percentage difference between Interbank exchange rate 0 and exchange rate charged 0 2.83	5.07	41127.11	Same day	Cash pick up at agents in receiving country Major cities	Feb 05, 2013
Product: Cash to cash Western Union	MTO	36000.00	Percentage difference between Interbank exchange rate 0 and exchange rate charged 0 1.21	5.65	45828.15	Less than one hour	Cash pick up at branches/agents such as Equity Bank Nationwide	Feb 05, 2013
Product: Cash to cash MoneyGram	MTO	40000.00	Percentage difference between Interbank exchange rate 0 and exchange rate charged 0 1.21	6.14	49828.15	Less than one hour	Cash pick up at branches/agents such as National Bank of Kenya, Cooperative Bank of Kenya Nationwide	Feb 05, 2013
Product: Cash to cash Tanzania Postal Corporation	Post office	48000.00	Percentage difference between Interbank exchange rate 0 and exchange rate charged 0 2.83	8.75	70962.11	Next day	Cash pick up at post office counters Nationwide	Feb 05, 2013
Product: Account to account (other bank) Note:This RSP's fees are quoted only in USD. Kenya Commercial Bank (KCB)	Bank	64880.00	Percentage difference between Interbank exchange rate 0 and exchange rate charged 0 1.21	9.21	74708.15	2 days	Bank account in receiving country Nationwide	Feb 05, 2013
Product: Account to account Note:This RSP's fees are quoted only in USD. National Bank of Commerce Ltd	Bank	81100.00	Percentage difference between Interbank exchange rate 0 and exchange rate charged 0 2.83	12.83	104062.11	2 days	Bank account in receiving country Nationwide	Feb 05, 2013
Product: Account to account Note:This RSP's fees are quoted only in USD. Twiga Bancorp	Bank	97320.00	Percentage difference between Interbank exchange rate 0 and exchange rate charged 0 1.21	13.21	107148.15	Next day	Bank account in receiving country Nationwide	Feb 05, 2013
Product: Account to account Note:This RSP's fees are quoted only in USD. Exim Bank Tanzania Ltd	Bank	97320.00	Percentage difference between Interbank exchange rate 0 and exchange rate charged 0 1.21	13.21	107148.15	2 days	Bank account in receiving country Nationwide	Feb 05, 2013
Product: Account to account Note:This RSP's fees are quoted only in USD. Stanbic Bank	Bank	89210.00	Percentage difference between Interbank exchange rate 0 and exchange rate charged 0 2.83	13.83	112172.11	Next day	Bank account in receiving country Nationwide	Feb 05, 2013
Product: Account to account Note:This RSP's fees are quoted only in USD. Standard Chartered Bank	Bank	145980.00	Percentage difference between Interbank exchange rate 0 and exchange rate charged 0 1.21	19.21	155808.15	2 days	Bank account in receiving country Nationwide	Feb 05, 2013
Bank Average		74246.88	Percentage difference between Interbank exchange rate 0 and exchange rate charged 0 1.82	10.97	89000.26	Total Average First quarter 2013 9.85 Total Average Third quarter 2012 9.45
MTO Average		38000.00	Percentage difference between Interbank exchange rate 0 and exchange rate charged 0 1.21	5.90	47828.15
Post office Average		48000.00	Percentage difference between Interbank exchange rate 0 and exchange rate charged 0 2.83	8.75	70962.11
Total Average		65270.45	Percentage difference between Interbank exchange rate 0 and exchange rate charged 0 1.80	9.85	79874.59
Total Average in Third quarter 2012		65270.45	Percentage difference between Interbank exchange rate 0 and exchange rate charged 0 1.40	9.45	76599.67

*Click on column headers to sort data

Firm Name	Firm Type	Fee	The exchange rate margin is the cost resulting from the percentage difference between the current interbank exchange rate and the actual exchange rate applied to the remittance transfer. Exchange Rate Margin (%)	The total cost of sending a remittance transfer includes: the fee charged to the sender plus the exchange rate margin. Total Cost Percent (%)	The total cost of sending a remittance transfer includes: the fee charged to the sender plus the exchange rate margin. Total Cost(USD)▲	Transfer Speed has been standardized in six broad categories. Transfer Speed	In 2008 Network Coverage information was not collected. Network Coverage	Date
Product: Account to account (same bank) Note:Service for members Kenya Commercial Bank (KCB)	Bank	0.00	Percentage difference between Interbank exchange rate -1.79769313486232E+308 and exchange rate charged -1.79769313486232E+308 1.21	1.21	2.42	Less than one hour	Own/partner bank account in receiving country Nationwide	Feb 05, 2013
Product: Cash to cash UBA AfriCash	Bank	6.69	Percentage difference between Interbank exchange rate -1.79769313486232E+308 and exchange rate charged -1.79769313486232E+308 2.83	6.18	12.36	Same day	Cash pick up at agents in receiving country Major cities	Feb 05, 2013
Product: Cash to cash Western Union	MTO	11.09	Percentage difference between Interbank exchange rate -1.79769313486232E+308 and exchange rate charged -1.79769313486232E+308 1.21	6.76	13.52	Less than one hour	Cash pick up at branches/agents such as Equity Bank Nationwide	Feb 05, 2013
Product: Cash to cash MoneyGram	MTO	13.56	Percentage difference between Interbank exchange rate -1.79769313486232E+308 and exchange rate charged -1.79769313486232E+308 1.21	7.99	15.98	Less than one hour	Cash pick up at branches/agents such as National Bank of Kenya, Cooperative Bank of Kenya Nationwide	Feb 05, 2013
Product: Cash to cash Tanzania Postal Corporation	Post office	14.79	Percentage difference between Interbank exchange rate -1.79769313486232E+308 and exchange rate charged -1.79769313486232E+308 2.83	10.23	20.45	Next day	Cash pick up at post office counters Nationwide	Feb 05, 2013
Product: Account to account (other bank) Note:This RSP's fees are quoted only in USD. Kenya Commercial Bank (KCB)	Bank	40.00	Percentage difference between Interbank exchange rate -1.79769313486232E+308 and exchange rate charged -1.79769313486232E+308 1.21	21.21	42.42	2 days	Bank account in receiving country Nationwide	Feb 05, 2013
Product: Account to account Note:This RSP's fees are quoted only in USD. National Bank of Commerce Ltd	Bank	50.00	Percentage difference between Interbank exchange rate -1.79769313486232E+308 and exchange rate charged -1.79769313486232E+308 2.83	27.83	55.66	2 days	Bank account in receiving country Nationwide	Feb 05, 2013
Product: Account to account Note:This RSP's fees are quoted only in USD. Stanbic Bank	Bank	55.00	Percentage difference between Interbank exchange rate -1.79769313486232E+308 and exchange rate charged -1.79769313486232E+308 2.83	30.33	60.66	Next day	Bank account in receiving country Nationwide	Feb 05, 2013
Product: Account to account Note:This RSP's fees are quoted only in USD. Twiga Bancorp	Bank	60.00	Percentage difference between Interbank exchange rate -1.79769313486232E+308 and exchange rate charged -1.79769313486232E+308 1.21	31.21	62.42	Next day	Bank account in receiving country Nationwide	Feb 05, 2013
Product: Account to account Note:This RSP's fees are quoted only in USD. Exim Bank Tanzania Ltd	Bank	60.00	Percentage difference between Interbank exchange rate -1.79769313486232E+308 and exchange rate charged -1.79769313486232E+308 1.21	31.21	62.42	2 days	Bank account in receiving country Nationwide	Feb 05, 2013
Product: Account to account Note:This RSP's fees are quoted only in USD. Standard Chartered Bank	Bank	90.00	Percentage difference between Interbank exchange rate -1.79769313486232E+308 and exchange rate charged -1.79769313486232E+308 1.21	46.21	92.42	2 days	Bank account in receiving country Nationwide	Feb 05, 2013
Bank Average		45.21	Percentage difference between Interbank exchange rate 0 and exchange rate charged 0 1.82	24.42	48.85	Total Average First quarter 2013 20.03 Total Average Third quarter 2012 19.63
MTO Average		12.33	Percentage difference between Interbank exchange rate 0 and exchange rate charged 0 1.21	7.38	14.75
Post office Average		14.79	Percentage difference between Interbank exchange rate 0 and exchange rate charged 0 2.83	10.23	20.45
Total Average		36.47	Percentage difference between Interbank exchange rate 0 and exchange rate charged 0 1.80	20.03	40.07
Total Average in Third quarter 2012		36.47	Percentage difference between Interbank exchange rate 0 and exchange rate charged 0 1.40	19.63	39.26

*Click on column headers to sort data

Firm Name	Firm Type	Fee	The exchange rate margin is the cost resulting from the percentage difference between the current interbank exchange rate and the actual exchange rate applied to the remittance transfer. Exchange Rate Margin (%)	The total cost of sending a remittance transfer includes: the fee charged to the sender plus the exchange rate margin. Total Cost Percent (%)	The total cost of sending a remittance transfer includes: the fee charged to the sender plus the exchange rate margin. Total Cost(USD)▲	Transfer Speed has been standardized in six broad categories. Transfer Speed	In 2008 Network Coverage information was not collected. Network Coverage	Date
Product: Account to account (same bank) Note:Service for members Kenya Commercial Bank (KCB)	Bank	0.00	Percentage difference between Interbank exchange rate -1.79769313486232E+308 and exchange rate charged -1.79769313486232E+308 1.21	1.21	6.06	Less than one hour	Own/partner bank account in receiving country Nationwide	Feb 05, 2013
Product: Cash to cash UBA AfriCash	Bank	11.20	Percentage difference between Interbank exchange rate -1.79769313486232E+308 and exchange rate charged -1.79769313486232E+308 2.83	5.07	25.36	Same day	Cash pick up at agents in receiving country Major cities	Feb 05, 2013
Product: Cash to cash Western Union	MTO	22.19	Percentage difference between Interbank exchange rate -1.79769313486232E+308 and exchange rate charged -1.79769313486232E+308 1.21	5.65	28.25	Less than one hour	Cash pick up at branches/agents such as Equity Bank Nationwide	Feb 05, 2013
Product: Cash to cash MoneyGram	MTO	24.66	Percentage difference between Interbank exchange rate -1.79769313486232E+308 and exchange rate charged -1.79769313486232E+308 1.21	6.14	30.72	Less than one hour	Cash pick up at branches/agents such as National Bank of Kenya, Cooperative Bank of Kenya Nationwide	Feb 05, 2013
Product: Cash to cash Tanzania Postal Corporation	Post office	29.59	Percentage difference between Interbank exchange rate -1.79769313486232E+308 and exchange rate charged -1.79769313486232E+308 2.83	8.75	43.75	Next day	Cash pick up at post office counters Nationwide	Feb 05, 2013
Product: Account to account (other bank) Note:This RSP's fees are quoted only in USD. Kenya Commercial Bank (KCB)	Bank	40.00	Percentage difference between Interbank exchange rate -1.79769313486232E+308 and exchange rate charged -1.79769313486232E+308 1.21	9.21	46.06	2 days	Bank account in receiving country Nationwide	Feb 05, 2013
Product: Account to account Note:This RSP's fees are quoted only in USD. National Bank of Commerce Ltd	Bank	50.00	Percentage difference between Interbank exchange rate -1.79769313486232E+308 and exchange rate charged -1.79769313486232E+308 2.83	12.83	64.16	2 days	Bank account in receiving country Nationwide	Feb 05, 2013
Product: Account to account Note:This RSP's fees are quoted only in USD. Twiga Bancorp	Bank	60.00	Percentage difference between Interbank exchange rate -1.79769313486232E+308 and exchange rate charged -1.79769313486232E+308 1.21	13.21	66.06	Next day	Bank account in receiving country Nationwide	Feb 05, 2013
Product: Account to account Note:This RSP's fees are quoted only in USD. Exim Bank Tanzania Ltd	Bank	60.00	Percentage difference between Interbank exchange rate -1.79769313486232E+308 and exchange rate charged -1.79769313486232E+308 1.21	13.21	66.06	2 days	Bank account in receiving country Nationwide	Feb 05, 2013
Product: Account to account Note:This RSP's fees are quoted only in USD. Stanbic Bank	Bank	55.00	Percentage difference between Interbank exchange rate -1.79769313486232E+308 and exchange rate charged -1.79769313486232E+308 2.83	13.83	69.16	Next day	Bank account in receiving country Nationwide	Feb 05, 2013
Product: Account to account Note:This RSP's fees are quoted only in USD. Standard Chartered Bank	Bank	90.00	Percentage difference between Interbank exchange rate -1.79769313486232E+308 and exchange rate charged -1.79769313486232E+308 1.21	19.21	96.06	2 days	Bank account in receiving country Nationwide	Feb 05, 2013
Bank Average		45.77	Percentage difference between Interbank exchange rate 0 and exchange rate charged 0 1.82	10.97	54.87	Total Average First quarter 2013 9.85 Total Average Third quarter 2012 9.45
MTO Average		23.43	Percentage difference between Interbank exchange rate 0 and exchange rate charged 0 1.21	5.90	29.49
Post office Average		29.59	Percentage difference between Interbank exchange rate 0 and exchange rate charged 0 2.83	8.75	43.75
Total Average		40.24	Percentage difference between Interbank exchange rate 0 and exchange rate charged 0 1.80	9.85	49.24
Total Average in Third quarter 2012		40.24	Percentage difference between Interbank exchange rate 0 and exchange rate charged 0 1.40	9.45	47.23

Note:

In this corridor all RSPs send TZS and pay out USD. Remittance recipients may incur an additional cost (not shown here) if and when converting USD to the local currency.

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