Remitting from United States to El Salvador

The following table shows how much it costs to remit money from United States To El Salvador. Click on column headings to sort the data.

Note: Corridor averages are unweighted and do not reflect the market shares of the different firms that compose the average. For comparability purposes, the two initial USD reference amounts of $200 and $500 were kept. In the third quarter of 2009, the amounts in local currency were adjusted in order to reflect foreign exchange fluctuations.

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Collection period for Third quarter 2009 | First quarter 2009 | 2008

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200500

				Total cost
Firm name	Firm type	Fee (USD)	Exchange rate margin (%)	Percent (%)	USD	Transfer speed	Network Coverage	Date
Acceso OAS Credit Union	Credit Union	4.00	0.00	2.00	4.00	2 days	Nationwide	Aug 15, 2009
Wells Fargo	Bank	4.00	0.00	2.00	4.00	Same day	Nationwide	Aug 15, 2009
Casa de Cambio Delgado	MTO	6.00	0.00	3.00	6.00	Same day	Nationwide	Aug 15, 2009
Ria Express	MTO	6.00	0.00	3.00	6.00	Same day	Nationwide	Aug 15, 2009
Acceso OAS Credit Union	Credit Union	7.00	0.00	3.50	7.00	2 days	Nationwide	Aug 15, 2009
Alante Financial	MTO	7.00	0.00	3.50	7.00	Same day	Nationwide	Aug 15, 2009
Viamericas	MTO	7.00	0.00	3.50	7.00	Same day	Nationwide	Aug 15, 2009
Vigo	MTO	8.00	0.00	4.00	8.00	Less than one hour	Nationwide	Aug 15, 2009
Wells Fargo	Bank	8.00	0.00	4.00	8.00	Same day	Nationwide	Aug 15, 2009
Bancuscatlan	MTO	9.00	0.00	4.50	9.00	Less than one hour	Nationwide	Aug 15, 2009
Gigante Express	MTO	9.00	0.00	4.50	9.00	Same day	Nationwide	Aug 15, 2009
Western Union	MTO	9.99	0.00	5.00	10.00	Next day	Nationwide	Aug 15, 2009
Banco Agricola	MTO	10.00	0.00	5.00	10.00	Less than one hour	Nationwide	Aug 15, 2009
Bancomercio	MTO	10.00	0.00	5.00	10.00	Less than one hour	Nationwide	Aug 15, 2009
La Nacional	MTO	10.00	0.00	5.00	10.00	Less than one hour	Nationwide	Aug 15, 2009
Wells Fargo	Bank	10.00	0.00	5.00	10.00	Same day	Nationwide	Aug 15, 2009
Money Gram	MTO	10.99	0.00	5.50	11.00	Less than one hour	Nationwide	Aug 15, 2009
Western Union	MTO	11.99	0.00	6.00	12.00	Less than one hour	Nationwide	Aug 15, 2009
Bank Average		7.33	0.00	3.67	7.34
Credit Union Average		5.50	0.00	2.75	5.50
MTO Average		8.84	0.00	4.42	8.84
Total Average		8.22	0.00	4.11	8.22
Total Average in First Quarter 2009		8.55	0.00	4.14	8.28

	Total cost
Firm name	Firm type	Fee (USD)	Exchange rate margin (%)	Percent (%)	USD	Transfer speed	Network Coverage	Date
Wells Fargo	Bank	4.00	0.00	0.80	4.00	Same day	Nationwide	Aug 15, 2009
Ria Express	MTO	6.50	0.00	1.30	6.50	Same day	Nationwide	Aug 15, 2009
Acceso OAS Credit Union	Credit Union	7.00	0.00	1.40	7.00	2 days	Nationwide	Aug 15, 2009
Vigo	MTO	8.00	0.00	1.60	8.00	Less than one hour	Nationwide	Aug 15, 2009
Wells Fargo	Bank	8.00	0.00	1.60	8.00	Same day	Nationwide	Aug 15, 2009
Viamericas	MTO	8.99	0.00	1.80	9.00	Same day	Nationwide	Aug 15, 2009
Bancuscatlan	MTO	9.00	0.00	1.80	9.00	Less than one hour	Nationwide	Aug 15, 2009
Gigante Express	MTO	9.00	0.00	1.80	9.00	Same day	Nationwide	Aug 15, 2009
Western Union	MTO	9.99	0.00	2.00	10.00	Next day	Nationwide	Aug 15, 2009
Acceso OAS Credit Union	Credit Union	10.00	0.00	2.00	10.00	2 days	Nationwide	Aug 15, 2009
Alante Financial	MTO	10.00	0.00	2.00	10.00	Same day	Nationwide	Aug 15, 2009
Banco Agricola	MTO	10.00	0.00	2.00	10.00	Less than one hour	Nationwide	Aug 15, 2009
Bancomercio	MTO	10.00	0.00	2.00	10.00	Less than one hour	Nationwide	Aug 15, 2009
Wells Fargo	Bank	10.00	0.00	2.00	10.00	Same day	Nationwide	Aug 15, 2009
Money Gram	MTO	10.99	0.00	2.20	11.00	Less than one hour	Nationwide	Aug 15, 2009
Western Union	MTO	11.99	0.00	2.40	12.00	Less than one hour	Nationwide	Aug 15, 2009
Casa de Cambio Delgado	MTO	15.00	0.00	3.00	15.00	Same day	Nationwide	Aug 15, 2009
La Nacional	MTO	25.00	0.00	5.00	25.00	Less than one hour	Nationwide	Aug 15, 2009
Bank Average		7.33	0.00	1.47	7.35
Credit Union Average		8.50	0.00	1.70	8.50
MTO Average		11.11	0.00	2.22	11.10
Total Average		10.19	0.00	2.04	10.20
Total Average in First Quarter 2009		9.94	0.00	1.99	9.95

Corridor note

In this corridor all RSPs send and payout in USD. El Salvador has officially adopted the USD as its currency.

200500

				Total cost
Firm name	Firm type	Fee (USD)	Exchange rate margin (%)	Percent (%)	USD	Transfer speed	Network Coverage	Date
Wells Fargo account to account (express send)	MTO	5.00	0.00	0.00	0.00	Same day	Nationwide	Jan 23, 2009
Acceso OAS Credit Union (members)	Credit Union	5.00	0.00	2.50	5.00	2 days	Nationwide	Jan 23, 2009
Casa de Cambio Delgado	MTO	6.00	0.00	3.00	6.00	Same day	Nationwide	Jan 23, 2009
Acceso OAS Credit Union (non members)	Credit Union	7.00	0.00	3.50	7.00	2 days	Nationwide	Jan 23, 2009
Alante Financial	MTO	7.00	0.00	3.50	7.00	Same day	Nationwide	Jan 23, 2009
Ria Express	MTO	7.00	0.00	3.50	7.00	Same day	Nationwide	Jan 23, 2009
Wells Fargo cash to account , cash to cash (express send)	MTO	7.00	0.00	3.50	7.00	Same day	Nationwide	Jan 23, 2009
Viamericas	MTO	8.00	0.00	4.00	8.00	Same day	Nationwide	Jan 23, 2009
Bancuscatlan	MTO	9.00	0.00	4.50	9.00	Less than one hour	Nationwide	Jan 23, 2009
Bonilla Express	MTO	9.00	0.00	4.50	9.00	Less than one hour	Nationwide	Jan 23, 2009
Vigo	MTO	9.00	0.00	4.50	9.00	Less than one hour	Nationwide	Jan 23, 2009
Money Gram	MTO	9.99	0.00	5.00	10.00	Less than one hour	Nationwide	Jan 23, 2009
Western Union	MTO	9.99	0.00	5.00	10.00	Next day	Nationwide	Jan 23, 2009
Banco Agricola	MTO	10.00	0.00	5.00	10.00	Less than one hour	Nationwide	Jan 23, 2009
Bancomercio	MTO	10.00	0.00	5.00	10.00	Less than one hour	Nationwide	Jan 23, 2009
La Nacional	MTO	10.00	0.00	5.00	10.00	Less than one hour	Nationwide	Jan 23, 2009
Western Union	MTO	11.99	0.00	6.00	12.00	Less than one hour	Nationwide	Jan 23, 2009
Gigante Express	MTO	13.00	0.00	6.50	13.00	Same day	Nationwide	Jan 23, 2009
Credit Union Average		6.00	0.00	3.00	6.00
MTO Average		8.87	0.00	4.28	8.56
Total Average		8.55	0.00	4.14	8.28
Total Average in 2008		9.17	0.00	4.59	9.18

	Total cost
Firm name	Firm type	Fee (USD)	Exchange rate margin (%)	Percent (%)	USD	Transfer speed	Network Coverage	Date
Wells Fargo account to account (express send)	MTO	5.00	0.00	1.00	5.00	Same day	Nationwide	Jan 23, 2009
Acceso OAS Credit Union (members)	Credit Union	7.00	0.00	1.40	7.00	2 days	Nationwide	Jan 23, 2009
Ria Express	MTO	7.00	0.00	1.40	7.00	Same day	Nationwide	Jan 23, 2009
Wells Fargo cash to account , cash to cash (express send)	MTO	7.00	0.00	1.40	7.00	Same day	Nationwide	Jan 23, 2009
Bancuscatlan	MTO	9.00	0.00	1.80	9.00	Less than one hour	Nationwide	Jan 23, 2009
Bonilla Express	MTO	9.00	0.00	1.80	9.00	Less than one hour	Nationwide	Jan 23, 2009
Money Gram	MTO	9.99	0.00	2.00	10.00	Less than one hour	Nationwide	Jan 23, 2009
Acceso OAS Credit Union (non members)	Credit Union	10.00	0.00	2.00	10.00	2 days	Nationwide	Jan 23, 2009
Alante Financial	MTO	10.00	0.00	2.00	10.00	Same day	Nationwide	Jan 23, 2009
Banco Agricola	MTO	10.00	0.00	2.00	10.00	Less than one hour	Nationwide	Jan 23, 2009
Bancomercio	MTO	10.00	0.00	2.00	10.00	Less than one hour	Nationwide	Jan 23, 2009
La Nacional	MTO	10.00	0.00	2.00	10.00	Less than one hour	Nationwide	Jan 23, 2009
Viamericas	MTO	10.00	0.00	2.00	10.00	Same day	Nationwide	Jan 23, 2009
Vigo	MTO	10.00	0.00	2.00	10.00	Less than one hour	Nationwide	Jan 23, 2009
Western Union	MTO	11.99	0.00	2.40	12.00	Next day	Nationwide	Jan 23, 2009
Gigante Express	MTO	13.00	0.00	2.60	13.00	Same day	Nationwide	Jan 23, 2009
Western Union	MTO	14.99	0.00	3.00	15.00	Less than one hour	Nationwide	Jan 23, 2009
Casa de Cambio Delgado	MTO	15.00	0.00	3.00	15.00	Same day	Nationwide	Jan 23, 2009
Credit Union Average		8.50	0.00	1.70	8.50
MTO Average		10.12	0.00	2.02	10.10
Total Average		9.94	0.00	1.99	9.95
Total Average in 2008		11.35	0.00	2.27	11.35

200500

				Total cost
Firm name	Firm type	Fee (USD)	Exchange rate margin (%)	Percent (%)	USD	Transfer speed	Network Coverage	Date
Casa de Cambio Delgado	MTO	6.00	0.00	3.00	6.00	Same day	-	May 06, 2008
Alante Financial	MTO	7.00	0.00	3.50	7.00	Same day	-	May 06, 2008
Wells Fargo (Intercuenta Express) - cash	Bank	7.00	0.00	3.50	7.00	Same day	-	May 06, 2008
Acceso OAS Credit Union	Credit Union	8.00	0.00	4.00	8.00	Hours	-	May 06, 2008
Viamericas	MTO	8.00	0.00	4.00	8.00	Same day	-	May 06, 2008
Bancuscatlan	MTO	9.00	0.00	4.50	9.00	30 minutes	-	May 06, 2008
Bonilla Express	MTO	9.00	0.00	4.50	9.00	1 hour	-	May 06, 2008
Gigante Express	MTO	9.00	0.00	4.50	9.00	Same day	-	May 06, 2008
Vigo	MTO	9.00	0.00	4.50	9.00	Same day	-	May 06, 2008
Money Gram	MTO	9.99	0.00	5.00	10.00	Same day	-	May 06, 2008
Western Union	MTO	9.99	0.00	5.00	10.00	2 days	-	May 06, 2008
Banco Agricola	MTO	10.00	0.00	5.00	10.00	10 minutes	-	May 06, 2008
Bancomercio	MTO	10.00	0.00	5.00	10.00	20 minutes	-	May 06, 2008
La Nacional	MTO	10.00	0.00	5.00	10.00	Same day	-	May 06, 2008
Ria Express	MTO	10.00	0.00	5.00	10.00	2 hours	-	May 06, 2008
Western Union	MTO	11.99	0.00	6.00	12.00	10 minutes	-	May 06, 2008
Bancosal	MTO	12.00	0.00	6.00	12.00	15 minutes	-	May 06, 2008
Bank Average		7.00	0.00	3.50	7.00
Credit Union Average		8.00	0.00	4.00	8.00
MTO Average		9.40	0.00	4.70	9.40
Total Average		9.17	0.00	4.59	9.18
First Quarter 2009		8.55	0.00	4.14	8.28

	Total cost
Firm name	Firm type	Fee (USD)	Exchange rate margin (%)	Percent (%)	USD	Transfer speed	Network Coverage	Date
Wells Fargo (Intercuenta Express) - cash	Bank	7.00	0.00	1.40	7.00	Same day	-	May 06, 2008
Bancuscatlan	MTO	9.00	0.00	1.80	9.00	30 minutes	-	May 06, 2008
Bonilla Express	MTO	9.00	0.00	1.80	9.00	1 hour	-	May 06, 2008
Gigante Express	MTO	9.00	0.00	1.80	9.00	Same day	-	May 06, 2008
Money Gram	MTO	9.99	0.00	2.00	10.00	Same day	-	May 06, 2008
Acceso OAS Credit Union	Credit Union	10.00	0.00	2.00	10.00	Hours	-	May 06, 2008
Alante Financial	MTO	10.00	0.00	2.00	10.00	Same day	-	May 06, 2008
Banco Agricola	MTO	10.00	0.00	2.00	10.00	10 minutes	-	May 06, 2008
Bancomercio	MTO	10.00	0.00	2.00	10.00	20 minutes	-	May 06, 2008
Ria Express	MTO	10.00	0.00	2.00	10.00	2 hours	-	May 06, 2008
Viamericas	MTO	10.00	0.00	2.00	10.00	Same day	-	May 06, 2008
Vigo	MTO	10.00	0.00	2.00	10.00	Same day	-	May 06, 2008
Western Union	MTO	11.99	0.00	2.40	12.00	2 days	-	May 06, 2008
Bancosal	MTO	12.00	0.00	2.40	12.00	15 minutes	-	May 06, 2008
Western Union	MTO	14.99	0.00	3.00	15.00	10 minutes	-	May 06, 2008
Casa de Cambio Delgado	MTO	15.00	0.00	3.00	15.00	Same day	-	May 06, 2008
La Nacional	MTO	25.00	0.00	5.00	25.00	Same day	-	May 06, 2008
Bank Average		7.00	0.00	1.40	7.00
Credit Union Average		10.00	0.00	2.00	10.00
MTO Average		11.73	0.00	2.35	11.75
Total Average		11.35	0.00	2.27	11.35
First Quarter 2009		9.94	0.00	1.99	9.95

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