Remittance Prices Worldwide

MAKING MARKETS MORE TRANSPARENT

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Sending money from CANADA to INDIA

Data collected on: Feb 18, 2022-Feb 28, 2022
CAD | USD
Payment instrument
Access point
Sending network coverage
Transfer speed
<em>Transfer Speed</em> has been standardized in six broad categories.
Receiving method
Exchange rate margin (%)
The exchange rate margin is the cost resulting from the fact that the firm applies a rate that is different from the market reference rate. The margin is the percentage difference between the market reference rate and the exchange rate actually applied to the transaction.
Total cost (%)
The total cost of sending a remittance transfer includes: the fee charged to the sender plus the exchange rate margin.
Total cost (CAD)Total cost (USD)
The total cost of sending a remittance transfer includes: the fee charged to the sender plus the exchange rate margin.
Western Union
Firm type: Money Transfer Operator
Payment instrument
Access point
Internet
Sending network coverage
High
Receiving method
High
0.000.00
2.05
Percentage difference between market reference rate 58.88 and exchange rate charged 57.67
2.05
2.052.05
4.104.10
SBI Canada Bank
Firm type: Bank
Payment instrument
Access point
Internet
Sending network coverage
High
Receiving method
High
0.000.00
1.65
Percentage difference between market reference rate 58.82 and exchange rate charged 57.85
1.65
1.651.65
3.303.30
Xoom
Firm type: Money Transfer Operator
Payment instrument
Access point
Internet
Sending network coverage
High
Receiving method
Agent
Medium
0.000.00
1.35
Percentage difference between market reference rate 58.79 and exchange rate charged 58.00
1.35
1.351.35
2.702.70
Kotak Click2Remit
Firm type: Bank
Payment instrument
Access point
Internet
Sending network coverage
High
Receiving method
High
0.000.00
0.23
Percentage difference between market reference rate 58.55 and exchange rate charged 58.42
0.23
0.230.23
0.460.46
ScotiaBank
Firm type: Bank
Payment instrument
Access point
Bank branch
Sending network coverage
High
Receiving method
High
0.000.00
2.10
Percentage difference between market reference rate 58.61 and exchange rate charged 57.38
2.10
2.102.10
4.204.20
Skrill
Firm type: Money Transfer Operator
Payment instrument
Access point
Internet
Sending network coverage
High
Receiving method
High
0.000.00
2.49
Percentage difference between market reference rate 58.85 and exchange rate charged 57.39
2.49
2.492.49
4.984.98
Skrill
Firm type: Money Transfer Operator
Payment instrument
Access point
Internet
Sending network coverage
High
Receiving method
High
1.001.00
2.49
Percentage difference between market reference rate 58.85 and exchange rate charged 57.39
2.49
2.992.99
5.985.98
Remitly
Firm type: Money Transfer Operator
Payment instrument
Access point
Internet
Sending network coverage
High
Receiving method
Agent
High
1.991.99
1.83
Percentage difference between market reference rate 58.80 and exchange rate charged 57.72
1.83
2.832.83
5.665.66
ScotiaBank
Firm type: Bank
Payment instrument
Access point
Internet
Sending network coverage
High
Receiving method
High
1.991.99
2.73
Percentage difference between market reference rate 58.86 and exchange rate charged 57.25
2.73
3.723.72
7.447.44
WorldRemit
Firm type: Money Transfer Operator
Payment instrument
Access point
Internet
Sending network coverage
High
Receiving method
High
2.992.99
1.22
Percentage difference between market reference rate 58.85 and exchange rate charged 58.13
1.22
2.712.71
5.425.42
Azimo
Firm type: Money Transfer Operator
Payment instrument
Access point
Internet
Sending network coverage
High
Receiving method
High
3.993.99
1.08
Percentage difference between market reference rate 58.89 and exchange rate charged 58.25
1.08
3.073.07
6.146.14
Azimo
Firm type: Money Transfer Operator
Payment instrument
Access point
Internet
Sending network coverage
High
Receiving method
High
3.993.99
1.73
Percentage difference between market reference rate 58.96 and exchange rate charged 57.94
1.73
3.733.73
7.467.46
Remitly
Firm type: Money Transfer Operator
Payment instrument
Access point
Internet
Sending network coverage
High
Receiving method
Agent
High
3.993.99
1.83
Percentage difference between market reference rate 58.80 and exchange rate charged 57.72
1.83
3.833.83
7.667.66
Ria
Firm type: Money Transfer Operator
Payment instrument
Access point
Internet
Sending network coverage
Medium
Receiving method
Agent
High
4.004.00
2.17
Percentage difference between market reference rate 58.86 and exchange rate charged 57.58
2.17
4.174.17
8.348.34
Xoom
Firm type: Money Transfer Operator
Payment instrument
Access point
Internet
Sending network coverage
High
Receiving method
Agent
Medium
4.494.49
1.35
Percentage difference between market reference rate 58.79 and exchange rate charged 58.00
1.35
3.593.59
7.187.18
RemitBee
Firm type: Money Transfer Operator
Payment instrument
Access point
Internet
Sending network coverage
High
Receiving method
Agent
High
4.994.99
0.68
Percentage difference between market reference rate 58.75 and exchange rate charged 58.35
0.68
3.173.17
6.346.34
MoneyGram
Firm type: Money Transfer Operator
Payment instrument
Access point
Internet
Sending network coverage
High
Receiving method
Agent
High
4.994.99
0.83
Percentage difference between market reference rate 58.78 and exchange rate charged 58.29
0.83
3.323.32
6.646.64
ICICI Bank
Firm type: Bank
Payment instrument
Access point
Internet
Sending network coverage
High
Receiving method
High
5.005.00
1.02
Percentage difference between market reference rate 58.55 and exchange rate charged 57.95
1.02
3.523.52
7.047.04
Western Union
Firm type: Money Transfer Operator
Payment instrument
Access point
Internet
Sending network coverage
High
Receiving method
Agent
High
6.006.00
1.06
Percentage difference between market reference rate 58.88 and exchange rate charged 58.26
1.06
4.064.06
8.128.12
Royal Bank of Canada
Firm type: Bank
Payment instrument
Access point
Internet
Sending network coverage
High
Receiving method
High
6.006.00
2.19
Percentage difference between market reference rate 0.78 and exchange rate charged 0.77
2.19
5.195.19
10.3810.38
Western Union
Firm type: Money Transfer Operator
Payment instrument
Access point
Agent
Sending network coverage
High
Receiving method
Agent
High
7.007.00
2.65
Percentage difference between market reference rate 58.88 and exchange rate charged 57.32
2.65
6.156.15
12.3012.30
Ria
Firm type: Money Transfer Operator
Payment instrument
Access point
Internet
Sending network coverage
Medium
Receiving method
Agent
High
7.007.00
2.17
Percentage difference between market reference rate 58.86 and exchange rate charged 57.58
2.17
5.675.67
11.3411.34
ScotiaBank
Firm type: Bank
Payment instrument
Access point
Internet
Sending network coverage
High
Receiving method
Agent
High
7.007.00
1.47
Percentage difference between market reference rate 58.96 and exchange rate charged 58.09
1.47
4.974.97
9.949.94
ICICI Bank
Firm type: Bank
Payment instrument
Access point
Bank branch, Call Center
Sending network coverage
High
Receiving method
High
10.0010.00
1.87
Percentage difference between market reference rate 58.55 and exchange rate charged 57.45
1.87
6.876.87
13.7413.74
SBI Canada Bank
Firm type: Bank
Payment instrument
Access point
Bank branch, Call Center
Sending network coverage
High
Receiving method
High
10.0010.00
1.73
Percentage difference between market reference rate 58.92 and exchange rate charged 57.90
1.73
6.736.73
13.4613.46
MoneyGram
Firm type: Money Transfer Operator
Payment instrument
Access point
Agent
Sending network coverage
High
Receiving method
Agent
High
10.0010.00
0.83
Percentage difference between market reference rate 58.78 and exchange rate charged 58.29
0.83
5.835.83
11.6611.66
Ria
Firm type: Money Transfer Operator
Payment instrument
Access point
Agent
Sending network coverage
Medium
Receiving method
Agent
High
10.0010.00
0.03
Percentage difference between market reference rate 59.04 and exchange rate charged 59.02
0.03
5.035.03
10.0610.06
Azimo
Firm type: Money Transfer Operator
Payment instrument
Access point
Internet
Sending network coverage
High
Receiving method
High
11.9911.99
1.06
Percentage difference between market reference rate 0.70 and exchange rate charged 0.69
1.06
7.067.06
14.1214.12
Azimo
Firm type: Money Transfer Operator
Payment instrument
Access point
Internet
Sending network coverage
High
Receiving method
High
11.9911.99
1.14
Percentage difference between market reference rate 0.69 and exchange rate charged 0.69
1.14
7.147.14
14.2814.28
Azimo
Firm type: Money Transfer Operator
Payment instrument
Access point
Internet
Sending network coverage
High
Receiving method
High
11.9911.99
0.61
Percentage difference between market reference rate 0.78 and exchange rate charged 0.78
0.61
6.616.61
13.2213.22
Azimo
Firm type: Money Transfer Operator
Payment instrument
Access point
Internet
Sending network coverage
High
Receiving method
High
11.9911.99
0.96
Percentage difference between market reference rate 0.79 and exchange rate charged 0.78
0.96
6.966.96
13.9213.92
Western Union
Firm type: Money Transfer Operator
Payment instrument
Access point
Agent
Sending network coverage
High
Receiving method
Agent
High
12.0012.00
1.51
Percentage difference between market reference rate 58.89 and exchange rate charged 58.00
1.51
7.517.51
15.0215.02
Toronto Dominion Bank
Firm type: Bank
Payment instrument
Access point
Internet
Sending network coverage
High
Receiving method
High
25.0025.00
2.62
Percentage difference between market reference rate 0.80 and exchange rate charged 0.78
2.62
15.1215.12
30.2430.24
Toronto Dominion Bank
Firm type: Bank
Payment instrument
Access point
Bank branch
Sending network coverage
High
Receiving method
High
50.0050.00
2.60
Percentage difference between market reference rate 0.78 and exchange rate charged 0.76
2.60
27.6027.60
55.2055.20
Total Average First Quarter
5.275.27
Total Average Fourth Quarter 2021
5.385.38
Total Average
Fee
7.397.39
Exchange Rate Margin (%)
1.571.57
Total Cost Percent (%)
5.275.27
Total Cost (CAD) Total Cost (USD)
10.5310.53
Non-Transparent records
Bank account transfer Credit Card Debit card Cash
Less than one hour Same day Next day 2 days 3-5 days
Bank account Cash Own/partner bank account
Payment instrument
Access point
Sending network coverage
Receiving method
Kotak Click2Remit
Firm type: Bank
Payment instrument
Access point
Internet
Sending network coverage
High
Receiving method
High
0.000.00
0.23
Percentage difference between market reference rate 58.55 and exchange rate charged 58.42
0.23
0.230.23
1.151.15
Xoom
Firm type: Money Transfer Operator
Payment instrument
Access point
Internet
Sending network coverage
High
Receiving method
Agent
Medium
0.000.00
1.10
Percentage difference between market reference rate 58.79 and exchange rate charged 58.15
1.10
1.101.10
5.505.50
SBI Canada Bank
Firm type: Bank
Payment instrument
Access point
Internet
Sending network coverage
High
Receiving method
High
0.000.00
1.65
Percentage difference between market reference rate 58.82 and exchange rate charged 57.85
1.65
1.651.65
8.258.25
Western Union
Firm type: Money Transfer Operator
Payment instrument
Access point
Internet
Sending network coverage
High
Receiving method
High
0.000.00
2.05
Percentage difference between market reference rate 58.88 and exchange rate charged 57.67
2.05
2.052.05
10.2510.25
ScotiaBank
Firm type: Bank
Payment instrument
Access point
Bank branch
Sending network coverage
High
Receiving method
High
0.000.00
2.10
Percentage difference between market reference rate 58.61 and exchange rate charged 57.38
2.10
2.102.10
10.5010.50
Skrill
Firm type: Money Transfer Operator
Payment instrument
Access point
Internet
Sending network coverage
High
Receiving method
High
0.000.00
2.49
Percentage difference between market reference rate 58.85 and exchange rate charged 57.39
2.49
2.492.49
12.4512.45
WorldRemit
Firm type: Money Transfer Operator
Payment instrument
Access point
Internet
Sending network coverage
High
Receiving method
High
2.992.99
1.22
Percentage difference between market reference rate 58.85 and exchange rate charged 58.13
1.22
1.821.82
9.109.10
Remitly
Firm type: Money Transfer Operator
Payment instrument
Access point
Internet
Sending network coverage
High
Receiving method
Agent
High
0.000.00
1.83
Percentage difference between market reference rate 58.80 and exchange rate charged 57.72
1.83
1.831.83
9.159.15
Skrill
Firm type: Money Transfer Operator
Payment instrument
Access point
Internet
Sending network coverage
High
Receiving method
High
2.502.50
2.49
Percentage difference between market reference rate 58.85 and exchange rate charged 57.39
2.49
2.992.99
14.9514.95
Azimo
Firm type: Money Transfer Operator
Payment instrument
Access point
Internet
Sending network coverage
High
Receiving method
High
3.993.99
1.08
Percentage difference between market reference rate 58.89 and exchange rate charged 58.25
1.08
1.881.88
9.409.40
RemitBee
Firm type: Money Transfer Operator
Payment instrument
Access point
Internet
Sending network coverage
High
Receiving method
Agent
High
6.996.99
0.68
Percentage difference between market reference rate 58.75 and exchange rate charged 58.35
0.68
2.082.08
10.4010.40
MoneyGram
Firm type: Money Transfer Operator
Payment instrument
Access point
Internet
Sending network coverage
High
Receiving method
Agent
High
4.994.99
0.83
Percentage difference between market reference rate 58.78 and exchange rate charged 58.29
0.83
1.821.82
9.109.10
ICICI Bank
Firm type: Bank
Payment instrument
Access point
Internet
Sending network coverage
High
Receiving method
High
5.005.00
1.02
Percentage difference between market reference rate 58.55 and exchange rate charged 57.95
1.02
2.022.02
10.1010.10
Xoom
Firm type: Money Transfer Operator
Payment instrument
Access point
Internet
Sending network coverage
High
Receiving method
Agent
Medium
10.9910.99
1.10
Percentage difference between market reference rate 58.79 and exchange rate charged 58.15
1.10
3.303.30
16.5016.50
ScotiaBank
Firm type: Bank
Payment instrument
Access point
Internet
Sending network coverage
High
Receiving method
High
1.991.99
2.73
Percentage difference between market reference rate 58.86 and exchange rate charged 57.25
2.73
3.133.13
15.6515.65
Azimo
Firm type: Money Transfer Operator
Payment instrument
Access point
Internet
Sending network coverage
High
Receiving method
High
3.993.99
1.73
Percentage difference between market reference rate 58.96 and exchange rate charged 57.94
1.73
2.532.53
12.6512.65
Remitly
Firm type: Money Transfer Operator
Payment instrument
Access point
Internet
Sending network coverage
High
Receiving method
Agent
High
5.005.00
1.83
Percentage difference between market reference rate 58.80 and exchange rate charged 57.72
1.83
2.832.83
14.1514.15
Western Union
Firm type: Money Transfer Operator
Payment instrument
Access point
Internet
Sending network coverage
High
Receiving method
Agent
High
8.008.00
1.06
Percentage difference between market reference rate 58.88 and exchange rate charged 58.26
1.06
2.662.66
13.3013.30
Ria
Firm type: Money Transfer Operator
Payment instrument
Access point
Internet
Sending network coverage
Medium
Receiving method
Agent
High
5.005.00
2.17
Percentage difference between market reference rate 58.86 and exchange rate charged 57.58
2.17
3.173.17
15.8515.85
ScotiaBank
Firm type: Bank
Payment instrument
Access point
Internet
Sending network coverage
High
Receiving method
Agent
High
10.0010.00
1.47
Percentage difference between market reference rate 58.96 and exchange rate charged 58.09
1.47
3.473.47
17.3517.35
Ria
Firm type: Money Transfer Operator
Payment instrument
Access point
Agent
Sending network coverage
Medium
Receiving method
Agent
High
10.0010.00
0.03
Percentage difference between market reference rate 59.04 and exchange rate charged 59.02
0.03
2.032.03
10.1510.15
Royal Bank of Canada
Firm type: Bank
Payment instrument
Access point
Internet
Sending network coverage
High
Receiving method
High
6.006.00
2.19
Percentage difference between market reference rate 0.78 and exchange rate charged 0.77
2.19
3.393.39
16.9516.95
Ria
Firm type: Money Transfer Operator
Payment instrument
Access point
Internet
Sending network coverage
Medium
Receiving method
Agent
High
12.0012.00
2.17
Percentage difference between market reference rate 58.86 and exchange rate charged 57.58
2.17
4.574.57
22.8522.85
MoneyGram
Firm type: Money Transfer Operator
Payment instrument
Access point
Agent
Sending network coverage
High
Receiving method
Agent
High
10.0010.00
0.83
Percentage difference between market reference rate 58.78 and exchange rate charged 58.29
0.83
2.832.83
14.1514.15
Western Union
Firm type: Money Transfer Operator
Payment instrument
Access point
Agent
Sending network coverage
High
Receiving method
Agent
High
7.007.00
2.65
Percentage difference between market reference rate 58.88 and exchange rate charged 57.32
2.65
4.054.05
20.2520.25
Azimo
Firm type: Money Transfer Operator
Payment instrument
Access point
Internet
Sending network coverage
High
Receiving method
High
11.9911.99
0.61
Percentage difference between market reference rate 0.78 and exchange rate charged 0.78
0.61
3.013.01
15.0515.05
SBI Canada Bank
Firm type: Bank
Payment instrument
Access point
Bank branch, Call Center
Sending network coverage
High
Receiving method
High
10.0010.00
1.73
Percentage difference between market reference rate 58.92 and exchange rate charged 57.90
1.73
3.733.73
18.6518.65
ICICI Bank
Firm type: Bank
Payment instrument
Access point
Bank branch, Call Center
Sending network coverage
High
Receiving method
High
10.0010.00
1.87
Percentage difference between market reference rate 58.55 and exchange rate charged 57.45
1.87
3.873.87
19.3519.35
Azimo
Firm type: Money Transfer Operator
Payment instrument
Access point
Internet
Sending network coverage
High
Receiving method
High
11.9911.99
0.96
Percentage difference between market reference rate 0.79 and exchange rate charged 0.78
0.96
3.363.36
16.8016.80
Azimo
Firm type: Money Transfer Operator
Payment instrument
Access point
Internet
Sending network coverage
High
Receiving method
High
11.9911.99
1.06
Percentage difference between market reference rate 0.70 and exchange rate charged 0.69
1.06
3.463.46
17.3017.30
Azimo
Firm type: Money Transfer Operator
Payment instrument
Access point
Internet
Sending network coverage
High
Receiving method
High
11.9911.99
1.14
Percentage difference between market reference rate 0.69 and exchange rate charged 0.69
1.14
3.543.54
17.7017.70
Western Union
Firm type: Money Transfer Operator
Payment instrument
Access point
Agent
Sending network coverage
High
Receiving method
Agent
High
12.0012.00
1.51
Percentage difference between market reference rate 58.89 and exchange rate charged 58.00
1.51
3.913.91
19.5519.55
Toronto Dominion Bank
Firm type: Bank
Payment instrument
Access point
Internet
Sending network coverage
High
Receiving method
High
25.0025.00
2.62
Percentage difference between market reference rate 0.80 and exchange rate charged 0.78
2.62
7.627.62
38.1038.10
Toronto Dominion Bank
Firm type: Bank
Payment instrument
Access point
Bank branch
Sending network coverage
High
Receiving method
High
50.0050.00
2.60
Percentage difference between market reference rate 0.78 and exchange rate charged 0.76
2.60
12.6012.60
63.0063.00
Total Average First Quarter
3.153.15
Total Average Fourth Quarter 2021
3.233.23
Total Average
Fee
7.987.98
Exchange Rate Margin (%)
1.551.55
Total Cost Percent (%)
3.153.15
Total Cost (CAD) Total Cost (USD)
15.7515.75
Non-Transparent records
Bank account transfer Credit Card Debit card Cash
Less than one hour Same day Next day 2 days 3-5 days
Bank account Cash Own/partner bank account