Remitting from Canada to Philippines

The following table shows how much it costs to remit money from Canada To Philippines. 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

See prices in CAD | USD

216540

				Total cost
Firm name	Firm type	Fee (CAD)	Exchange rate margin (%)	Percent (%)	CAD	Transfer speed	Network Coverage	Date
Metro Remittance	MTO	8.00	0.36	4.06	8.77	Less than one hour	Nationwide	Aug 28, 2009
Iremit - Canada	MTO	10.00	0.02	4.65	10.04	Same day	Nationwide	Aug 28, 2009
Iremit - Canada	MTO	10.00	0.02	4.65	10.04	Same day	Nationwide	Aug 28, 2009
iKobo	MTO	11.50	0.00	5.32	11.49	Less than one hour	Nationwide	Aug 28, 2009
Iremit - Canada	MTO	12.00	0.02	5.58	12.05	Next day	Nationwide	Aug 28, 2009
ScotiaBank*	Bank	12.50	*0.00	*5.79	*12.51	3-5 days	Nationwide	Aug 28, 2009
ScotiaBank	Bank	11.16	0.97	6.13	13.24	Less than one hour	Nationwide	Aug 28, 2009
PNB Global Remit	Bank	12.00	1.15	6.70	14.47	2 days	Main city	Aug 28, 2009
Western Union	MTO	14.00	0.97	7.45	16.09	Less than one hour	Nationwide	Aug 28, 2009
Western Union	MTO	14.00	0.97	7.45	16.09	Less than one hour	Nationwide	Aug 28, 2009
PNB Global Remit	Bank	14.00	1.15	7.63	16.48	3-5 days	Rural only	Aug 28, 2009
MoneyGram	MTO	15.00	1.37	8.32	17.97	Next day	Nationwide	Aug 28, 2009
MoneyGram	MTO	15.00	2.12	9.06	19.57	Less than one hour	Nationwide	Aug 28, 2009
Toronto Dominion Bank	Bank	30.00	6.19	20.08	43.37	3-5 days	Nationwide	Aug 28, 2009
Royal Bank of Canada	Bank	15.00	16.62	23.56	50.89	3-5 days	Nationwide	Aug 28, 2009
Royal Bank of Canada	Bank	35.00	16.62	32.82	70.89	3-5 days	Nationwide	Aug 28, 2009
Bank Average		18.52	6.10	14.67	31.69
MTO Average		12.17	0.65	6.28	13.56
Total Average		14.95	3.03	9.95	21.49

	Total cost
Firm name	Firm type	Fee (CAD)	Exchange rate margin (%)	Percent (%)	CAD	Transfer speed	Network Coverage	Date
Metro Remittance	MTO	8.00	0.36	1.96	10.58	Less than one hour	Nationwide	Aug 28, 2009
Iremit - Canada	MTO	10.00	0.02	2.02	10.91	Same day	Nationwide	Aug 28, 2009
Iremit - Canada	MTO	10.00	0.02	2.02	10.91	Same day	Nationwide	Aug 28, 2009
Iremit - Canada	MTO	12.00	0.02	2.42	13.07	Next day	Nationwide	Aug 28, 2009
ScotiaBank*	Bank	12.50	*0.00	*2.50	*13.50	3-5 days	Nationwide	Aug 28, 2009
PNB Global Remit	Bank	12.00	1.15	3.55	19.17	2 days	Main city	Aug 28, 2009
ScotiaBank	Bank	14.40	0.97	3.85	20.79	Less than one hour	Nationwide	Aug 28, 2009
PNB Global Remit	Bank	14.00	1.15	3.95	21.33	3-5 days	Rural only	Aug 28, 2009
iKobo	MTO	21.25	0.00	4.25	22.95	Less than one hour	Nationwide	Aug 28, 2009
MoneyGram	MTO	14.99	1.37	4.37	23.60	Next day	Nationwide	Aug 28, 2009
Western Union	MTO	18.90	0.97	4.75	25.65	Less than one hour	Nationwide	Aug 28, 2009
Western Union	MTO	18.90	0.97	4.75	25.65	Less than one hour	Nationwide	Aug 28, 2009
MoneyGram	MTO	25.00	2.12	7.12	38.45	Less than one hour	Nationwide	Aug 28, 2009
Toronto Dominion Bank	Bank	30.00	6.19	12.19	65.83	3-5 days	Nationwide	Aug 28, 2009
Royal Bank of Canada	Bank	15.00	16.62	19.62	105.95	3-5 days	Nationwide	Aug 28, 2009
Royal Bank of Canada	Bank	35.00	16.62	23.62	127.55	3-5 days	Nationwide	Aug 28, 2009
Bank Average		18.99	6.10	9.90	53.46
MTO Average		15.45	0.65	3.74	20.20
Total Average		17.00	3.03	6.43	34.72

Corridor note

* indicates that the RSP is not transparent and did not provide all the relevant information. Roll-over firm name for more info.

200500

				Total cost
Firm name	Firm type	Fee (USD)	Exchange rate margin (%)	Percent (%)	USD	Transfer speed	Network Coverage	Date
Metro Remittance	MTO	7.41	0.36	4.06	8.12	Less than one hour	Nationwide	Aug 28, 2009
Iremit - Canada	MTO	9.26	0.02	4.65	9.30	Same day	Nationwide	Aug 28, 2009
Iremit - Canada	MTO	9.26	0.02	4.65	9.30	Same day	Nationwide	Aug 28, 2009
iKobo	MTO	11.50	0.00	5.32	10.64	Less than one hour	Nationwide	Aug 28, 2009
Iremit - Canada	MTO	11.11	0.02	5.58	11.16	Next day	Nationwide	Aug 28, 2009
ScotiaBank*	Bank	11.57	*0.00	*5.79	*11.58	3-5 days	Nationwide	Aug 28, 2009
ScotiaBank	Bank	10.33	0.97	6.13	12.26	Less than one hour	Nationwide	Aug 28, 2009
PNB Global Remit	Bank	11.11	1.15	6.70	13.40	2 days	Main city	Aug 28, 2009
Western Union	MTO	12.96	0.97	7.45	14.90	Less than one hour	Nationwide	Aug 28, 2009
Western Union	MTO	12.96	0.97	7.45	14.90	Less than one hour	Nationwide	Aug 28, 2009
PNB Global Remit	Bank	12.96	1.15	7.63	15.26	3-5 days	Rural only	Aug 28, 2009
MoneyGram	MTO	13.89	1.37	8.32	16.64	Next day	Nationwide	Aug 28, 2009
MoneyGram	MTO	13.89	2.12	9.06	18.12	Less than one hour	Nationwide	Aug 28, 2009
Toronto Dominion Bank	Bank	27.78	6.19	20.08	40.16	3-5 days	Nationwide	Aug 28, 2009
Royal Bank of Canada	Bank	13.89	16.62	23.56	47.12	3-5 days	Nationwide	Aug 28, 2009
Royal Bank of Canada	Bank	32.41	16.62	32.82	65.64	3-5 days	Nationwide	Aug 28, 2009
Bank Average		17.15	6.10	14.67	29.34
MTO Average		11.36	0.65	6.28	12.56
Total Average		13.89	3.03	9.95	19.90

	Total cost
Firm name	Firm type	Fee (USD)	Exchange rate margin (%)	Percent (%)	USD	Transfer speed	Network Coverage	Date
Metro Remittance	MTO	7.41	0.36	1.96	9.80	Less than one hour	Nationwide	Aug 28, 2009
Iremit - Canada	MTO	9.26	0.02	2.02	10.10	Same day	Nationwide	Aug 28, 2009
Iremit - Canada	MTO	9.26	0.02	2.02	10.10	Same day	Nationwide	Aug 28, 2009
Iremit - Canada	MTO	11.11	0.02	2.42	12.10	Next day	Nationwide	Aug 28, 2009
ScotiaBank*	Bank	11.57	*0.00	*2.50	*12.50	3-5 days	Nationwide	Aug 28, 2009
PNB Global Remit	Bank	11.11	1.15	3.55	17.75	2 days	Main city	Aug 28, 2009
ScotiaBank	Bank	13.33	0.97	3.85	19.25	Less than one hour	Nationwide	Aug 28, 2009
PNB Global Remit	Bank	12.96	1.15	3.95	19.75	3-5 days	Rural only	Aug 28, 2009
iKobo	MTO	21.25	0.00	4.25	21.25	Less than one hour	Nationwide	Aug 28, 2009
MoneyGram	MTO	13.88	1.37	4.37	21.85	Next day	Nationwide	Aug 28, 2009
Western Union	MTO	17.50	0.97	4.75	23.75	Less than one hour	Nationwide	Aug 28, 2009
Western Union	MTO	17.50	0.97	4.75	23.75	Less than one hour	Nationwide	Aug 28, 2009
MoneyGram	MTO	23.15	2.12	7.12	35.60	Less than one hour	Nationwide	Aug 28, 2009
Toronto Dominion Bank	Bank	27.78	6.19	12.19	60.95	3-5 days	Nationwide	Aug 28, 2009
Royal Bank of Canada	Bank	13.89	16.62	19.62	98.10	3-5 days	Nationwide	Aug 28, 2009
Royal Bank of Canada	Bank	32.41	16.62	23.62	118.10	3-5 days	Nationwide	Aug 28, 2009
Bank Average		17.58	6.10	9.90	49.50
MTO Average		14.48	0.65	3.74	18.70
Total Average		15.84	3.03	6.43	32.15

Corridor note

* indicates that the RSP is not transparent and did not provide all the relevant information. Roll-over firm name for more info.

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