Remittance Prices Worldwide

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Sending money from CANADA to ZIMBABWE

Data collected on: Feb 12, 2025 - Mar 06, 2025
CAD | USD
Firm
Payment instrument
Access point
Sending network coverage
Transfer speed
<em>Transfer Speed</em> has been standardized in six broad categories.
Receiving method
Disbursing network coverage
Fee
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)sort descending
The total cost of sending a remittance transfer includes: the fee charged to the sender plus the exchange rate margin.
Firm
Royal Bank of Canada
Firm type: Bank
 
Payment instrument
Access point
Internet
Sending network coverage
High 
Transfer speed
Receiving method
Agent
Disbursing network coverage
High 
Fee
Exchange rate margin(%)
2.17
Percentage difference between market reference rate 0.70 and exchange rate charged 0.69
Total cost (%)
2.17
Total cost (CAD)sort descending
4.34
Firm
Western Union
Firm type: Money Transfer Operator
 
Payment instrument
Access point
Internet
Sending network coverage
High 
Transfer speed
Receiving method
Agent
Disbursing network coverage
High 
Fee
1.99
Exchange rate margin(%)
1.79
Percentage difference between market reference rate 0.70 and exchange rate charged 0.69
Total cost (%)
2.79
Total cost (CAD)sort descending
5.58
Firm
Western Union
Firm type: Money Transfer Operator
 
Payment instrument
Access point
Internet
Sending network coverage
High 
Transfer speed
Receiving method
Agent
Disbursing network coverage
High 
Fee
1.99
Exchange rate margin(%)
1.79
Percentage difference between market reference rate 0.70 and exchange rate charged 0.69
Total cost (%)
2.79
Total cost (CAD)sort descending
5.58
Firm
WorldRemit
Firm type: Money Transfer Operator
 
Payment instrument
Access point
Internet
Sending network coverage
High 
Transfer speed
Receiving method
Agent
Disbursing network coverage
High 
Fee
Exchange rate margin(%)
3.54
Percentage difference between market reference rate 0.70 and exchange rate charged 0.68
Total cost (%)
3.54
Total cost (CAD)sort descending
7.08
Firm
WorldRemit
Firm type: Money Transfer Operator
 
Payment instrument
Access point
Internet
Sending network coverage
High 
Transfer speed
Receiving method
Agent
Disbursing network coverage
High 
Fee
Exchange rate margin(%)
3.61
Percentage difference between market reference rate 0.70 and exchange rate charged 0.68
Total cost (%)
3.61
Total cost (CAD)sort descending
7.22
Firm
WorldRemit
Firm type: Money Transfer Operator
 
Payment instrument
Access point
Internet
Sending network coverage
High 
Transfer speed
Receiving method
Agent
Disbursing network coverage
High 
Fee
Exchange rate margin(%)
3.63
Percentage difference between market reference rate 0.70 and exchange rate charged 0.67
Total cost (%)
3.63
Total cost (CAD)sort descending
7.26
Firm
MoneyGram
Firm type: Money Transfer Operator
 
Payment instrument
Access point
Internet
Sending network coverage
High 
Transfer speed
Receiving method
Agent
Disbursing network coverage
High 
Fee
5.99
Exchange rate margin(%)
1.96
Percentage difference between market reference rate 0.70 and exchange rate charged 0.69
Total cost (%)
4.96
Total cost (CAD)sort descending
9.92
Firm
MoneyGram
Firm type: Money Transfer Operator
 
Payment instrument
Access point
Internet
Sending network coverage
High 
Transfer speed
Receiving method
Agent
Disbursing network coverage
High 
Fee
6.99
Exchange rate margin(%)
1.96
Percentage difference between market reference rate 0.70 and exchange rate charged 0.69
Total cost (%)
5.46
Total cost (CAD)sort descending
10.92
Firm
Toronto Dominion Bank
Firm type: Bank
 
Payment instrument
Access point
Internet
Sending network coverage
High 
Transfer speed
Receiving method
Agent
Disbursing network coverage
High 
Fee
6.99
Exchange rate margin(%)
2.62
Percentage difference between market reference rate 0.70 and exchange rate charged 0.68
Total cost (%)
6.12
Total cost (CAD)sort descending
12.24
Firm
Western Union
Firm type: Money Transfer Operator
 
Payment instrument
Access point
Agent
Sending network coverage
High 
Transfer speed
Receiving method
Agent
Disbursing network coverage
Medium 
Fee
12.00
Exchange rate margin(%)
0.69
Percentage difference between market reference rate 0.70 and exchange rate charged 0.70
Total cost (%)
6.69
Total cost (CAD)sort descending
13.38
Firm
WorldRemit
Firm type: Money Transfer Operator
 
Payment instrument
Access point
Internet
Sending network coverage
High 
Transfer speed
Receiving method
Agent
Disbursing network coverage
High 
Fee
4.99
Exchange rate margin(%)
4.94
Percentage difference between market reference rate 0.70 and exchange rate charged 0.67
Total cost (%)
7.44
Total cost (CAD)sort descending
14.88
Firm
WorldRemit
Firm type: Money Transfer Operator
 
Payment instrument
Access point
Internet
Sending network coverage
High 
Transfer speed
Receiving method
Agent
Disbursing network coverage
High 
Fee
4.99
Exchange rate margin(%)
4.98
Percentage difference between market reference rate 0.70 and exchange rate charged 0.66
Total cost (%)
7.48
Total cost (CAD)sort descending
14.96
Firm
Western Union
Firm type: Money Transfer Operator
 
Payment instrument
Access point
Internet
Sending network coverage
High 
Transfer speed
Receiving method
Agent
Disbursing network coverage
Medium 
Fee
6.90
Exchange rate margin(%)
4.97
Percentage difference between market reference rate 0.70 and exchange rate charged 0.67
Total cost (%)
8.42
Total cost (CAD)sort descending
16.84
Firm
Western Union
Firm type: Money Transfer Operator
 
Payment instrument
Access point
Internet
Sending network coverage
High 
Transfer speed
Receiving method
Agent
Disbursing network coverage
Medium 
Fee
6.90
Exchange rate margin(%)
4.97
Percentage difference between market reference rate 0.70 and exchange rate charged 0.67
Total cost (%)
8.42
Total cost (CAD)sort descending
16.84
Firm
MoneyGram
Firm type: Money Transfer Operator
 
Payment instrument
Access point
Agent
Sending network coverage
High 
Transfer speed
Receiving method
Agent
Disbursing network coverage
High 
Fee
7.00
Exchange rate margin(%)
5.21
Percentage difference between market reference rate 0.70 and exchange rate charged 0.67
Total cost (%)
8.71
Total cost (CAD)sort descending
17.42
Firm
WorldRemit
Firm type: Money Transfer Operator
 
Payment instrument
Access point
Internet
Sending network coverage
High 
Transfer speed
Receiving method
Agent
Disbursing network coverage
High 
Fee
9.78
Exchange rate margin(%)
5.00
Percentage difference between market reference rate 0.70 and exchange rate charged 0.67
Total cost (%)
9.89
Total cost (CAD)sort descending
19.78
Firm
ScotiaBank
Firm type: Bank
 
Payment instrument
Access point
Internet
Sending network coverage
High 
Transfer speed
Receiving method
Agent
Disbursing network coverage
Medium 
Fee
7.00
Exchange rate margin(%)
7.55
Percentage difference between market reference rate 0.70 and exchange rate charged 0.65
Total cost (%)
11.05
Total cost (CAD)sort descending
22.10
Firm
Western Union
Firm type: Money Transfer Operator
 
Payment instrument
Access point
Agent
Sending network coverage
High 
Transfer speed
Receiving method
Agent
Disbursing network coverage
Medium 
Fee
7.00
Exchange rate margin(%)
7.56
Percentage difference between market reference rate 0.70 and exchange rate charged 0.65
Total cost (%)
11.06
Total cost (CAD)sort descending
22.12
Firm
Toronto Dominion Bank
Firm type: Bank
 
Payment instrument
Access point
Bank branch
Sending network coverage
High 
Transfer speed
Receiving method
Agent
Disbursing network coverage
High 
Fee
50.00
Exchange rate margin(%)
2.78
Percentage difference between market reference rate 0.70 and exchange rate charged 0.68
Total cost (%)
27.78
Total cost (CAD)sort descending
55.56
Total Average First Quarter 2025
7.47
Total Average Fourth Quarter 2024
7.68
Total Average
Fee
7.40
Exchange Rate Margin (%)
3.77
Total Cost Percent (%)
7.47
Total Cost (CAD)
14.95
Non-Transparent records
Bank account transfer Debit card Credit Card Cash
2 days Less than one hour 3-5 days
Bank account Mobile wallet Cash
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