Remitting from Italy to China

The following table shows how much it costs to remit money from Italy To China. 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

140350

				Total cost
Firm name	Firm type	Fee (EUR)	Exchange rate margin (%)	Percent (%)	EUR	Transfer speed	Network Coverage	Date
Moneybookers	MTO	2.30	1.98	3.62	5.07	Less than one hour	Nationwide	Aug 08, 2009
Money2Money	MTO	8.00	1.39	7.10	9.94	2 days	Major cities	Aug 08, 2009
iKobo	MTO	11.50	0.00	8.21	11.49	Less than one hour	Nationwide	Aug 08, 2009
Money2Money*	MTO	15.00	*0.00	*10.71	*14.99	2 days	Nationwide	Aug 08, 2009
Coinstar	MTO	15.00	0.28	10.99	15.39	Less than one hour	Nationwide	Aug 08, 2009
MoneyGram	MTO	18.00	1.38	14.23	19.92	Less than one hour	Nationwide	Aug 08, 2009
MoneyGram via Poste Italiane	MTO/Post office	18.00	1.38	14.23	19.92	Less than one hour	Nationwide	Aug 08, 2009
Metro Remittance	MTO	20.00	1.39	15.67	21.94	2 days	Nationwide	Aug 08, 2009
Western Union	MTO	20.00	1.84	16.12	22.57	Less than one hour	Nationwide	Aug 08, 2009
MTO Average		13.72	1.03	10.83	15.16
MTO/Post office Average		18.00	1.38	14.23	19.92
Total Average		14.20	1.07	11.21	15.69
Total Average in First Quarter 2009		14.39	0.76	11.42	15.99

	Total cost
Firm name	Firm type	Fee (EUR)	Exchange rate margin (%)	Percent (%)	EUR	Transfer speed	Network Coverage	Date
Moneybookers	MTO	2.30	1.98	2.63	9.20	Less than one hour	Nationwide	Aug 08, 2009
Money2Money*	MTO	15.00	*0.00	*4.29	*15.02	2 days	Nationwide	Aug 08, 2009
Coinstar	MTO	15.00	0.28	4.56	15.96	Less than one hour	Nationwide	Aug 08, 2009
Money2Money	MTO	15.00	1.39	5.67	19.84	2 days	Major cities	Aug 08, 2009
iKobo	MTO	21.25	0.00	6.07	21.24	Less than one hour	Nationwide	Aug 08, 2009
MoneyGram	MTO	18.00	1.38	6.52	22.82	Less than one hour	Nationwide	Aug 08, 2009
MoneyGram via Poste Italiane	MTO/Post office	18.00	1.38	6.52	22.82	Less than one hour	Nationwide	Aug 08, 2009
Metro Remittance	MTO	20.00	1.39	7.10	24.85	2 days	Nationwide	Aug 08, 2009
Western Union	MTO	20.00	1.84	7.55	26.42	Less than one hour	Nationwide	Aug 08, 2009
MTO Average		15.82	1.03	5.55	19.42
MTO/Post office Average		18.00	1.38	6.52	22.82
Total Average		16.06	1.07	5.66	19.81
Total Average in First Quarter 2009		15.34	0.76	5.41	18.93

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
Moneybookers	MTO	3.29	1.98	3.62	7.24	Less than one hour	Nationwide	Aug 08, 2009
Money2Money	MTO	11.43	1.39	7.10	14.20	2 days	Major cities	Aug 08, 2009
iKobo	MTO	16.43	0.00	8.21	16.42	Less than one hour	Nationwide	Aug 08, 2009
Money2Money*	MTO	21.43	*0.00	*10.71	*21.42	2 days	Nationwide	Aug 08, 2009
Coinstar	MTO	21.43	0.28	10.99	21.98	Less than one hour	Nationwide	Aug 08, 2009
MoneyGram	MTO	25.71	1.38	14.23	28.46	Less than one hour	Nationwide	Aug 08, 2009
MoneyGram via Poste Italiane	MTO/Post office	25.71	1.38	14.23	28.46	Less than one hour	Nationwide	Aug 08, 2009
Metro Remittance	MTO	28.57	1.39	15.67	31.34	2 days	Nationwide	Aug 08, 2009
Western Union	MTO	28.57	1.84	16.12	32.24	Less than one hour	Nationwide	Aug 08, 2009
MTO Average		19.61	1.03	10.83	21.66
MTO/Post office Average		25.71	1.38	14.23	28.46
Total Average		20.29	1.07	11.21	22.42
Total Average in First Quarter 2009		21.32	0.76	11.42	22.84

	Total cost
Firm name	Firm type	Fee (USD)	Exchange rate margin (%)	Percent (%)	USD	Transfer speed	Network Coverage	Date
Moneybookers	MTO	3.29	1.98	2.63	13.15	Less than one hour	Nationwide	Aug 08, 2009
Money2Money*	MTO	21.43	*0.00	*4.29	*21.45	2 days	Nationwide	Aug 08, 2009
Coinstar	MTO	21.43	0.28	4.56	22.80	Less than one hour	Nationwide	Aug 08, 2009
Money2Money	MTO	21.43	1.39	5.67	28.35	2 days	Major cities	Aug 08, 2009
iKobo	MTO	30.36	0.00	6.07	30.35	Less than one hour	Nationwide	Aug 08, 2009
MoneyGram	MTO	25.71	1.38	6.52	32.60	Less than one hour	Nationwide	Aug 08, 2009
MoneyGram via Poste Italiane	MTO/Post office	25.71	1.38	6.52	32.60	Less than one hour	Nationwide	Aug 08, 2009
Metro Remittance	MTO	28.57	1.39	7.10	35.50	2 days	Nationwide	Aug 08, 2009
Western Union	MTO	28.57	1.84	7.55	37.75	Less than one hour	Nationwide	Aug 08, 2009
MTO Average		22.60	1.03	5.55	27.75
MTO/Post office Average		25.71	1.38	6.52	32.60
Total Average		22.94	1.07	5.66	28.30
Total Average in First Quarter 2009		23.24	0.76	5.41	27.05

Corridor note

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

135330

				Total cost
Firm name	Firm type	Fee (EUR)	Exchange rate margin (%)	Percent (%)	EUR	Transfer speed	Network Coverage	Date
Poste Italiane	Bank/Post office	3.25	1.70	4.10	5.54	3-5 days	Nationwide	Feb 19, 2009
MoneyGram	MTO	13.50	0.00	10.00	13.50	Less than one hour	Nationwide	Feb 19, 2009
Metro Remittance (Italia)	Bank/MTO	15.00	0.00	11.11	15.00	2 days	Nationwide	Feb 19, 2009
Money2Money	MTO	15.00	0.00	11.11	15.00	2 days	Nationwide	Feb 19, 2009
Coinstar	MTO	16.00	1.42	13.27	17.91	Less than one hour	Nationwide	Feb 19, 2009
MoneyGram via Poste Italiane	MTO/Post office	18.00	0.00	13.33	18.00	Less than one hour	Nationwide	Feb 19, 2009
Western Union	MTO	20.00	2.21	17.02	22.98	Less than one hour	Nationwide	Feb 19, 2009
Bank/MTO Average		15.00	0.00	11.11	15.00
Bank/Post office Average		3.25	1.70	4.10	5.54
MTO Average		16.12	0.91	12.85	17.35
MTO/Post office Average		18.00	0.00	13.33	18.00
Total Average		14.39	0.76	11.42	15.42
Total Average in 2008		13.69	0.00	10.14	13.69

	Total cost
Firm name	Firm type	Fee (EUR)	Exchange rate margin (%)	Percent (%)	EUR	Transfer speed	Network Coverage	Date
Poste Italiane	Bank/Post office	4.39	1.70	3.03	10.00	3-5 days	Nationwide	Feb 19, 2009
MoneyGram	MTO	13.50	0.00	4.09	13.50	Less than one hour	Nationwide	Feb 19, 2009
Metro Remittance (Italia)	Bank/MTO	15.00	0.00	4.55	15.02	2 days	Nationwide	Feb 19, 2009
Money2Money	MTO	15.00	0.00	4.55	15.02	2 days	Nationwide	Feb 19, 2009
Coinstar	MTO	16.00	1.42	6.27	20.69	Less than one hour	Nationwide	Feb 19, 2009
MoneyGram via Poste Italiane	MTO/Post office	23.50	0.00	7.12	23.50	Less than one hour	Nationwide	Feb 19, 2009
Western Union	MTO	20.00	2.21	8.27	27.29	Less than one hour	Nationwide	Feb 19, 2009
Bank/MTO Average		15.00	0.00	4.55	15.02
Bank/Post office Average		4.39	1.70	3.03	10.00
MTO Average		16.12	0.91	5.79	19.11
MTO/Post office Average		23.50	0.00	7.12	23.50
Total Average		15.34	0.76	5.41	17.85
Total Average in 2008		15.19	0.00	4.60	15.18

200500

				Total cost
Firm name	Firm type	Fee (USD)	Exchange rate margin (%)	Percent (%)	USD	Transfer speed	Network Coverage	Date
Poste Italiane	Bank/Post office	4.81	1.70	4.10	8.20	3-5 days	Nationwide	Feb 19, 2009
MoneyGram	MTO	20.00	0.00	10.00	20.00	Less than one hour	Nationwide	Feb 19, 2009
Metro Remittance (Italia)	Bank/MTO	22.22	0.00	11.11	22.22	2 days	Nationwide	Feb 19, 2009
Money2Money	MTO	22.22	0.00	11.11	22.22	2 days	Nationwide	Feb 19, 2009
Coinstar	MTO	23.70	1.42	13.27	26.54	Less than one hour	Nationwide	Feb 19, 2009
MoneyGram via Poste Italiane	MTO/Post office	26.67	0.00	13.33	26.66	Less than one hour	Nationwide	Feb 19, 2009
Western Union	MTO	29.63	2.21	17.02	34.04	Less than one hour	Nationwide	Feb 19, 2009
Bank/MTO Average		22.22	0.00	11.11	22.22
Bank/Post office Average		4.81	1.70	4.10	8.20
MTO Average		23.89	0.91	12.85	25.70
MTO/Post office Average		26.67	0.00	13.33	26.66
Total Average		21.32	0.76	11.42	22.84
Total Average in 2008		20.29	0.00	10.14	20.28

	Total cost
Firm name	Firm type	Fee (USD)	Exchange rate margin (%)	Percent (%)	USD	Transfer speed	Network Coverage	Date
Poste Italiane	Bank/Post office	6.65	1.70	3.03	15.15	3-5 days	Nationwide	Feb 19, 2009
MoneyGram	MTO	20.45	0.00	4.09	20.45	Less than one hour	Nationwide	Feb 19, 2009
Metro Remittance (Italia)	Bank/MTO	22.73	0.00	4.55	22.75	2 days	Nationwide	Feb 19, 2009
Money2Money	MTO	22.73	0.00	4.55	22.75	2 days	Nationwide	Feb 19, 2009
Coinstar	MTO	24.24	1.42	6.27	31.35	Less than one hour	Nationwide	Feb 19, 2009
MoneyGram via Poste Italiane	MTO/Post office	35.61	0.00	7.12	35.60	Less than one hour	Nationwide	Feb 19, 2009
Western Union	MTO	30.30	2.21	8.27	41.35	Less than one hour	Nationwide	Feb 19, 2009
Bank/MTO Average		22.73	0.00	4.55	22.75
Bank/Post office Average		6.65	1.70	3.03	15.15
MTO Average		24.43	0.91	5.79	28.95
MTO/Post office Average		35.61	0.00	7.12	35.60
Total Average		23.24	0.76	5.41	27.05
Total Average in 2008		23.02	0.00	4.60	23.00

135330

				Total cost
Firm name	Firm type	Fee (EUR)	Exchange rate margin (%)	Percent (%)	EUR	Transfer speed	Network Coverage	Date
Poste Italiane	Bank/Post office	5.16	0.00	3.82	5.16	3-4 days	-	May 23, 2008
MoneyGram	MTO	13.50	0.00	10.00	13.50	Instant	-	May 23, 2008
MoneyGram via Poste Italiane	MTO/Post office	13.50	0.00	10.00	13.50	Instant	-	May 23, 2008
Coinstar	MTO	15.00	0.00	11.11	15.00	24 hours	-	May 23, 2008
Metro Remittance (Italia)	Bank/MTO	15.00	0.00	11.11	15.00	Up to 3 days	-	May 23, 2008
Western Union	MTO	20.00	0.00	14.81	19.99	Instant	-	May 23, 2008
Bank/MTO Average		15.00	0.00	11.11	15.00
Bank/Post office Average		5.16	0.00	3.82	5.16
MTO Average		16.17	0.00	11.98	16.17
MTO/Post office Average		13.50	0.00	10.00	13.50
Total Average		13.69	0.00	10.14	13.69
First Quarter 2009		14.39	0.76	11.42	15.42

	Total cost
Firm name	Firm type	Fee (EUR)	Exchange rate margin (%)	Percent (%)	EUR	Transfer speed	Network Coverage	Date
Poste Italiane	Bank/Post office	5.16	0.00	1.56	5.15	3-4 days	-	May 23, 2008
MoneyGram	MTO	13.50	0.00	4.09	13.50	Instant	-	May 23, 2008
Coinstar	MTO	15.00	0.00	4.55	15.02	24 hours	-	May 23, 2008
Metro Remittance (Italia)	Bank/MTO	15.00	0.00	4.55	15.02	Up to 3 days	-	May 23, 2008
Western Union	MTO	20.00	0.00	6.06	20.00	Instant	-	May 23, 2008
MoneyGram via Poste Italiane	MTO/Post office	22.50	0.00	6.82	22.51	Instant	-	May 23, 2008
Bank/MTO Average		15.00	0.00	4.55	15.02
Bank/Post office Average		5.16	0.00	1.56	5.15
MTO Average		16.17	0.00	4.90	16.17
MTO/Post office Average		22.50	0.00	6.82	22.51
Total Average		15.19	0.00	4.60	15.18
First Quarter 2009		15.34	0.76	5.41	17.85

Corridor note

RSPs are not able to quote the amount to be received in local currency. The 0% in the exchange rate margin does NOT necessarily mean that there is no exchange rate cost, but rather that this cost is not known by the sender at the time of sending.

Banks are able to send money internationally for their account holders only.

200500

				Total cost
Firm name	Firm type	Fee (USD)	Exchange rate margin (%)	Percent (%)	USD	Transfer speed	Network Coverage	Date
Poste Italiane	Bank/Post office	7.64	0.00	3.82	7.64	3-4 days	-	May 23, 2008
MoneyGram	MTO	20.00	0.00	10.00	20.00	Instant	-	May 23, 2008
MoneyGram via Poste Italiane	MTO/Post office	20.00	0.00	10.00	20.00	Instant	-	May 23, 2008
Coinstar	MTO	22.22	0.00	11.11	22.22	24 hours	-	May 23, 2008
Metro Remittance (Italia)	Bank/MTO	22.22	0.00	11.11	22.22	Up to 3 days	-	May 23, 2008
Western Union	MTO	29.63	0.00	14.81	29.62	Instant	-	May 23, 2008
Bank/MTO Average		22.22	0.00	11.11	22.22
Bank/Post office Average		7.64	0.00	3.82	7.64
MTO Average		23.95	0.00	11.98	23.96
MTO/Post office Average		20.00	0.00	10.00	20.00
Total Average		20.29	0.00	10.14	20.28
First Quarter 2009		21.32	0.76	11.42	22.84

	Total cost
Firm name	Firm type	Fee (USD)	Exchange rate margin (%)	Percent (%)	USD	Transfer speed	Network Coverage	Date
Poste Italiane	Bank/Post office	7.82	0.00	1.56	7.80	3-4 days	-	May 23, 2008
MoneyGram	MTO	20.45	0.00	4.09	20.45	Instant	-	May 23, 2008
Coinstar	MTO	22.73	0.00	4.55	22.75	24 hours	-	May 23, 2008
Metro Remittance (Italia)	Bank/MTO	22.73	0.00	4.55	22.75	Up to 3 days	-	May 23, 2008
Western Union	MTO	30.30	0.00	6.06	30.30	Instant	-	May 23, 2008
MoneyGram via Poste Italiane	MTO/Post office	34.09	0.00	6.82	34.10	Instant	-	May 23, 2008
Bank/MTO Average		22.73	0.00	4.55	22.75
Bank/Post office Average		7.82	0.00	1.56	7.80
MTO Average		24.49	0.00	4.90	24.50
MTO/Post office Average		34.09	0.00	6.82	34.10
Total Average		23.02	0.00	4.60	23.00
First Quarter 2009		23.24	0.76	5.41	27.05

Corridor note

Banks are able to send money internationally for their account holders only.

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