Remitting from Germany to Bosnia and Herzegovina

The following table shows how much it costs to remit money from Germany To Bosnia and Herzegovina. 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.

How much does it cost to remit?

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Collection period for Third quarter 2009 | First quarter 2009 | 2008 
See prices in EUR | USD 
See prices in EUR | USD 
See prices in EUR | USD 
140350
 Total cost 
Firm nameFirm typeFee
(EUR)
Exchange rate
margin (%)
Percent (%)EUR Transfer speedNetwork Coverage

Date

PostbankBank8.500.006.078.50 3-5 daysNationwideSep 18, 2009
Berliner VolksbankBank10.000.007.1410.00 6 days or moreNationwideSep 18, 2009
MoneyGramMTO13.000.009.2913.01 Less than one hourNationwideSep 18, 2009
SEBBank14.500.0010.3614.50 6 days or moreNationwideSep 18, 2009
Western UnionMTO14.500.0010.3614.50 Less than one hourNationwideSep 18, 2009
HypoVereinsbankBank25.000.0017.8625.00 6 days or moreNationwideSep 18, 2009
Sparkasse KolnBonnBank25.000.0017.8625.00 6 days or moreNationwideSep 18, 2009
Western UnionMTO26.000.0018.5726.00 Less than one hourNationwideSep 18, 2009
Stadtsparkasse MunchenBank39.000.0027.8639.00 6 days or moreNationwideSep 18, 2009
Bank Average 20.330.0014.5220.33
MTO Average 17.830.0012.7417.84
Total Average 19.500.0013.9319.50
Total Average in First Quarter 2009 19.450.3614.7620.66
Corridor note
  • In this corridor all RSPs send and pay out in EUR. At the point of collection, the money may be converted to the local currency or paid out in EUR. Remittance recipients may incur an additional cost (not shown here) if and when converting the EUR to the local currency.
  • 200500
     Total cost 
    Firm nameFirm typeFee
    (USD)
    Exchange rate
    margin (%)
    Percent (%)USD Transfer speedNetwork Coverage

    Date

    PostbankBank12.140.006.0712.14 3-5 daysNationwideSep 18, 2009
    Berliner VolksbankBank14.290.007.1414.28 6 days or moreNationwideSep 18, 2009
    MoneyGramMTO18.570.009.2918.58 Less than one hourNationwideSep 18, 2009
    SEBBank20.710.0010.3620.72 6 days or moreNationwideSep 18, 2009
    Western UnionMTO20.710.0010.3620.72 Less than one hourNationwideSep 18, 2009
    HypoVereinsbankBank35.710.0017.8635.72 6 days or moreNationwideSep 18, 2009
    Sparkasse KolnBonnBank35.710.0017.8635.72 6 days or moreNationwideSep 18, 2009
    Western UnionMTO37.140.0018.5737.14 Less than one hourNationwideSep 18, 2009
    Stadtsparkasse MunchenBank55.710.0027.8655.72 6 days or moreNationwideSep 18, 2009
    Bank Average 29.050.0014.5229.04
    MTO Average 25.480.0012.7425.48
    Total Average 27.860.0013.9327.86
    Total Average in First Quarter 2009 28.810.3614.7629.52
    Corridor note
  • In this corridor all RSPs send and pay out in EUR. At the point of collection, the money may be converted to the local currency or paid out in EUR. Remittance recipients may incur an additional cost (not shown here) if and when converting the EUR to the local currency.
  • 135330
     Total cost 
    Firm nameFirm typeFee
    (EUR)
    Exchange rate
    margin (%)
    Percent (%)EUR Transfer speedNetwork Coverage

    Date

    PostbankBank8.500.006.308.51 3-5 daysNationwideFeb 10, 2009
    Demir-Halk BankBank12.500.009.2612.50 6 days or moreNationwideFeb 10, 2009
    Berliner VolksbankBank10.002.049.4512.76 6 days or moreNationwideFeb 10, 2009
    Western UnionMTO14.500.0010.7414.50 Less than one hourNationwideFeb 10, 2009
    Sparkasse KolnBonnBank15.000.0011.1115.00 6 days or moreNationwideFeb 10, 2009
    MoneyGramMTO14.001.5311.9016.07 Less than one hourNationwideFeb 10, 2009
    SEBBank20.000.0014.8119.99 6 days or moreNationwideFeb 10, 2009
    Frankfurter SparkasseBank25.000.0018.5225.00 6 days or moreNationwideFeb 10, 2009
    HypoVereinsbankBank37.500.0027.7837.50 6 days or moreNationwideFeb 10, 2009
    Stadtsparkasse MunchenBank37.500.0027.7837.50 6 days or moreNationwideFeb 10, 2009
    Bank Average 20.750.2615.6321.10
    MTO Average 14.250.7711.3215.28
    Total Average 19.450.3614.7619.93
    Total Average in 2008 15.100.0011.1915.11
    200500
     Total cost 
    Firm nameFirm typeFee
    (USD)
    Exchange rate
    margin (%)
    Percent (%)USD Transfer speedNetwork Coverage

    Date

    PostbankBank12.590.006.3012.60 3-5 daysNationwideFeb 10, 2009
    Demir-Halk BankBank18.520.009.2618.52 6 days or moreNationwideFeb 10, 2009
    Berliner VolksbankBank14.812.049.4518.90 6 days or moreNationwideFeb 10, 2009
    Western UnionMTO21.480.0010.7421.48 Less than one hourNationwideFeb 10, 2009
    Sparkasse KolnBonnBank22.220.0011.1122.22 6 days or moreNationwideFeb 10, 2009
    MoneyGramMTO20.741.5311.9023.80 Less than one hourNationwideFeb 10, 2009
    SEBBank29.630.0014.8129.62 6 days or moreNationwideFeb 10, 2009
    Frankfurter SparkasseBank37.040.0018.5237.04 6 days or moreNationwideFeb 10, 2009
    HypoVereinsbankBank55.560.0027.7855.56 6 days or moreNationwideFeb 10, 2009
    Stadtsparkasse MunchenBank55.560.0027.7855.56 6 days or moreNationwideFeb 10, 2009
    Bank Average 30.740.2615.6331.26
    MTO Average 21.110.7711.3222.64
    Total Average 28.810.3614.7629.52
    Total Average in 2008 22.370.0011.1922.38
    135330
     Total cost 
    Firm nameFirm typeFee
    (EUR)
    Exchange rate
    margin (%)
    Percent (%)EUR Transfer speedNetwork Coverage

    Date

    Sparkasse KolnBonnBank5.000.003.705.00 7-10 days-May 22, 2008
    Berliner VolksbankBank10.000.007.4110.00 7-10 days-May 22, 2008
    SEBBank12.000.008.8912.00 7-10 days-May 22, 2008
    Stadtsparkasse MunchenBank12.000.008.8912.00 7-10 days-May 22, 2008
    Demir-Halk BankBank12.500.009.2612.50 7-10 days-May 22, 2008
    Frankfurter SparkasseBank12.500.009.2612.50 7-15 days-May 22, 2008
    MoneyGramMTO14.000.0010.3714.00 Instant-May 22, 2008
    Western UnionMTO14.500.0010.7414.50 Instant-May 22, 2008
    PostbankBank26.000.0019.2626.00 Up to 1 day (cash)-May 22, 2008
    HypoVereinsbankBank32.500.0024.0732.49 7-10 days-May 22, 2008
    Bank Average 15.310.0011.3415.31
    MTO Average 14.250.0010.5614.26
    Total Average 15.100.0011.1915.11
    First Quarter 2009  19.450.3614.7619.93
    Corridor note
  • Money is sent in Euro and paid out in Euro.Remittance recipients may incur an additional cost (not shown here) if and when converting the Euro to the local currency.
  • 200500
     Total cost 
    Firm nameFirm typeFee
    (USD)
    Exchange rate
    margin (%)
    Percent (%)USD Transfer speedNetwork Coverage

    Date

    Sparkasse KolnBonnBank7.410.003.707.40 7-10 days-May 22, 2008
    Berliner VolksbankBank14.810.007.4114.82 7-10 days-May 22, 2008
    SEBBank17.780.008.8917.78 7-10 days-May 22, 2008
    Stadtsparkasse MunchenBank17.780.008.8917.78 7-10 days-May 22, 2008
    Demir-Halk BankBank18.520.009.2618.52 7-10 days-May 22, 2008
    Frankfurter SparkasseBank18.520.009.2618.52 7-15 days-May 22, 2008
    MoneyGramMTO20.740.0010.3720.74 Instant-May 22, 2008
    Western UnionMTO21.480.0010.7421.48 Instant-May 22, 2008
    PostbankBank38.520.0019.2638.52 Up to 1 day (cash)-May 22, 2008
    HypoVereinsbankBank48.150.0024.0748.14 7-10 days-May 22, 2008
    Bank Average 22.690.0011.3422.68
    MTO Average 21.110.0010.5621.12
    Total Average 22.370.0011.1922.38
    First Quarter 2009  28.810.3614.7629.52
    Corridor note
  • Money is sent in Euro and paid out in Euro.Remittance recipients may incur an additional cost (not shown here) if and when converting the Euro to the local currency.