Remittance Prices Worldwide

MAKING MARKETS MORE TRANSPARENT

From KEKenya you can also send money to

Sending money from KENYA to TANZANIA

Data collected on: Nov 21, 2022-Dec 02, 2022
KES | 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 (KES)sort descendingTotal cost (USD)sort descending
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
Agent
Sending network coverage
High
Receiving method
Agent
High
216.002.40
0.00
Percentage difference between market reference rate 19.04 and exchange rate charged 19.04
0.00
1.201.20
216.002.40
MoneyGram
Firm type: Money Transfer Operator
Payment instrument
Access point
Agent
Sending network coverage
High
Receiving method
High
420.004.67
-0.08
Percentage difference between market reference rate 19.07 and exchange rate charged 19.08
-0.08
2.262.26
406.804.52
MoneyGram
Firm type: Money Transfer Operator
Payment instrument
Access point
Agent
Sending network coverage
High
Receiving method
Agent
High
420.004.67
0.00
Percentage difference between market reference rate 19.04 and exchange rate charged 19.04
0.00
2.332.33
419.404.66
M-Pesa
Firm type: Mobile Operator
Payment instrument
Access point
Mobile phone
Sending network coverage
High
Receiving method
High
350.003.89
3.88
Percentage difference between market reference rate 19.07 and exchange rate charged 18.33
3.88
5.835.83
1,049.4011.66
M-Pesa
Firm type: Mobile Operator
Payment instrument
Access point
Mobile phone
Sending network coverage
High
Receiving method
High
350.003.89
3.88
Percentage difference between market reference rate 19.07 and exchange rate charged 18.33
3.88
5.835.83
1,049.4011.66
United Bank for Africa (UBA)
Firm type: Bank
Payment instrument
Access point
Bank branch
Sending network coverage
High
Receiving method
Medium
600.006.67
5.91
Percentage difference between market reference rate 0.01 and exchange rate charged 0.01
5.91
9.249.24
1,663.2018.48
United Bank for Africa (UBA)
Firm type: Bank
Payment instrument
Access point
Call Center
Sending network coverage
High
Receiving method
Medium
600.006.67
5.91
Percentage difference between market reference rate 0.01 and exchange rate charged 0.01
5.91
9.249.24
1,663.2018.48
United Bank for Africa (UBA)
Firm type: Bank
Payment instrument
Access point
Internet
Sending network coverage
High
Receiving method
Medium
600.006.67
5.91
Percentage difference between market reference rate 0.01 and exchange rate charged 0.01
5.91
9.249.24
1,663.2018.48
UBA Africash
Firm type: Bank
Payment instrument
Access point
Bank branch
Sending network coverage
Low
Receiving method
Bank branch
Medium
684.007.60
5.91
Percentage difference between market reference rate 0.01 and exchange rate charged 0.01
5.91
9.719.71
1,747.8019.42
EcoBank Rapid Transfer
Firm type: Money Transfer Operator
Payment instrument
Access point
Bank branch
Sending network coverage
High
Receiving method
Bank branch
Medium
540.006.00
7.20
Percentage difference between market reference rate 0.01 and exchange rate charged 0.01
7.20
10.2010.20
1,836.0020.40
EcoBank Rapid Transfer
Firm type: Money Transfer Operator
Payment instrument
Access point
Internet
Sending network coverage
High
Receiving method
Medium
540.006.00
7.20
Percentage difference between market reference rate 0.01 and exchange rate charged 0.01
7.20
10.2010.20
1,836.0020.40
EcoBank Rapid Transfer
Firm type: Money Transfer Operator
Payment instrument
Access point
Bank branch
Sending network coverage
High
Receiving method
Bank branch
Medium
540.006.00
7.20
Percentage difference between market reference rate 0.01 and exchange rate charged 0.01
7.20
10.2010.20
1,836.0020.40
EcoBank Rapid Transfer
Firm type: Money Transfer Operator
Payment instrument
Access point
Internet
Sending network coverage
High
Receiving method
Medium
540.006.00
7.20
Percentage difference between market reference rate 0.01 and exchange rate charged 0.01
7.20
10.2010.20
1,836.0020.40
GT Bank
Firm type: Bank
Payment instrument
Access point
Bank branch
Sending network coverage
High
Receiving method
Medium
1,800.0020.00
4.68
Percentage difference between market reference rate 0.01 and exchange rate charged 0.01
4.68
14.6814.68
2,642.4029.36
GT Bank
Firm type: Bank
Payment instrument
Access point
Call Center
Sending network coverage
High
Receiving method
Medium
1,800.0020.00
4.68
Percentage difference between market reference rate 0.01 and exchange rate charged 0.01
4.68
14.6814.68
2,642.4029.36
GT Bank
Firm type: Bank
Payment instrument
Access point
Internet
Sending network coverage
High
Receiving method
Medium
1,800.0020.00
4.68
Percentage difference between market reference rate 0.01 and exchange rate charged 0.01
4.68
14.6814.68
2,642.4029.36
ABC Bank
Firm type: Money Transfer Operator
Payment instrument
Access point
Internet
Sending network coverage
High
Receiving method
Medium
1,800.0020.00
4.76
Percentage difference between market reference rate 0.01 and exchange rate charged 0.01
4.76
14.7614.76
2,656.8029.52
ABC Bank
Firm type: Money Transfer Operator
Payment instrument
Access point
Bank branch
Sending network coverage
High
Receiving method
Medium
1,800.0020.00
4.76
Percentage difference between market reference rate 0.01 and exchange rate charged 0.01
4.76
14.7614.76
2,656.8029.52
ABC Bank
Firm type: Money Transfer Operator
Payment instrument
Access point
Call Center
Sending network coverage
High
Receiving method
Medium
1,800.0020.00
4.76
Percentage difference between market reference rate 0.01 and exchange rate charged 0.01
4.76
14.7614.76
2,656.8029.52
Spire Bank
Firm type: Bank
Payment instrument
Access point
Bank branch
Sending network coverage
High
Receiving method
Medium
1,800.0020.00
5.91
Percentage difference between market reference rate 0.01 and exchange rate charged 0.01
5.91
15.9115.91
2,863.8031.82
Spire Bank
Firm type: Bank
Payment instrument
Access point
Call Center
Sending network coverage
High
Receiving method
Medium
1,800.0020.00
6.02
Percentage difference between market reference rate 0.01 and exchange rate charged 0.01
6.02
16.0216.02
2,883.6032.04
Spire Bank
Firm type: Bank
Payment instrument
Access point
Internet
Sending network coverage
High
Receiving method
Medium
1,800.0020.00
6.02
Percentage difference between market reference rate 0.01 and exchange rate charged 0.01
6.02
16.0216.02
2,883.6032.04
Kenya Commercial Bank (KCB)
Firm type: Bank
Payment instrument
Access point
Bank branch
Sending network coverage
High
Receiving method
Medium
2,400.0026.67
3.46
Percentage difference between market reference rate 0.01 and exchange rate charged 0.01
3.46
16.8016.80
3,024.0033.60
Kenya Commercial Bank (KCB)
Firm type: Bank
Payment instrument
Access point
Call Center
Sending network coverage
High
Receiving method
Medium
2,400.0026.67
3.46
Percentage difference between market reference rate 0.01 and exchange rate charged 0.01
3.46
16.8016.80
3,024.0033.60
Kenya Commercial Bank (KCB)
Firm type: Bank
Payment instrument
Access point
Internet
Sending network coverage
High
Receiving method
Medium
2,400.0026.67
3.46
Percentage difference between market reference rate 0.01 and exchange rate charged 0.01
3.46
16.8016.80
3,024.0033.60
Development Bank of Kenya
Firm type: Bank
Payment instrument
Access point
Bank branch
Sending network coverage
High
Receiving method
Medium
2,454.0027.27
5.98
Percentage difference between market reference rate 0.01 and exchange rate charged 0.01
5.98
19.6219.62
3,531.6039.24
Development Bank of Kenya
Firm type: Bank
Payment instrument
Access point
Call Center
Sending network coverage
High
Receiving method
Medium
2,454.0027.27
5.98
Percentage difference between market reference rate 0.01 and exchange rate charged 0.01
5.98
19.6219.62
3,531.6039.24
Development Bank of Kenya
Firm type: Bank
Payment instrument
Access point
Internet
Sending network coverage
High
Receiving method
Medium
2,454.0027.27
5.98
Percentage difference between market reference rate 0.01 and exchange rate charged 0.01
5.98
19.6219.62
3,531.6039.24
Ecobank
Firm type: Bank
Payment instrument
Access point
Bank branch
Sending network coverage
Low
Receiving method
Bank branch
Low
3,500.0038.89
7.20
Percentage difference between market reference rate 0.01 and exchange rate charged 0.01
7.20
26.6526.65
4,797.0053.30
Total Average Fourth Quarter 2022
12.6812.68
Total Average Third Quarter 2022
13.3213.32
Total Average
Fee
1,402.1415.58
Exchange Rate Margin (%)
4.894.89
Total Cost Percent (%)
12.6812.68
Total Cost (KES) Total Cost (USD)
2,283.2725.37
Non-Transparent records
Bank account transfer Mobile money Cash
Less than one hour Next day 2 days
Bank account Cash Mobile wallet
Payment instrument
Access point
Sending network coverage
Receiving method
Western Union
Firm type: Money Transfer Operator
Payment instrument
Access point
Agent
Sending network coverage
High
Receiving method
Agent
High
540.006.00
0.00
Percentage difference between market reference rate 19.04 and exchange rate charged 19.04
0.00
1.201.20
540.006.00
MoneyGram
Firm type: Money Transfer Operator
Payment instrument
Access point
Agent
Sending network coverage
High
Receiving method
High
660.007.33
-0.08
Percentage difference between market reference rate 19.07 and exchange rate charged 19.08
-0.08
1.391.39
625.506.95
MoneyGram
Firm type: Money Transfer Operator
Payment instrument
Access point
Agent
Sending network coverage
High
Receiving method
Agent
High
660.007.33
0.00
Percentage difference between market reference rate 19.04 and exchange rate charged 19.04
0.00
1.471.47
661.507.35
M-Pesa
Firm type: Mobile Operator
Payment instrument
Access point
Mobile phone
Sending network coverage
High
Receiving method
High
500.005.56
3.88
Percentage difference between market reference rate 19.07 and exchange rate charged 18.33
3.88
4.994.99
2,245.5024.95
M-Pesa
Firm type: Mobile Operator
Payment instrument
Access point
Mobile phone
Sending network coverage
High
Receiving method
High
500.005.56
3.88
Percentage difference between market reference rate 19.07 and exchange rate charged 18.33
3.88
4.994.99
2,245.5024.95
United Bank for Africa (UBA)
Firm type: Bank
Payment instrument
Access point
Bank branch
Sending network coverage
High
Receiving method
Medium
600.006.67
5.91
Percentage difference between market reference rate 0.01 and exchange rate charged 0.01
5.91
7.247.24
3,258.0036.20
United Bank for Africa (UBA)
Firm type: Bank
Payment instrument
Access point
Call Center
Sending network coverage
High
Receiving method
Medium
600.006.67
5.91
Percentage difference between market reference rate 0.01 and exchange rate charged 0.01
5.91
7.247.24
3,258.0036.20
United Bank for Africa (UBA)
Firm type: Bank
Payment instrument
Access point
Internet
Sending network coverage
High
Receiving method
Medium
600.006.67
5.91
Percentage difference between market reference rate 0.01 and exchange rate charged 0.01
5.91
7.247.24
3,258.0036.20
UBA Africash
Firm type: Bank
Payment instrument
Access point
Bank branch
Sending network coverage
Low
Receiving method
Bank branch
Medium
1,170.0013.00
5.91
Percentage difference between market reference rate 0.01 and exchange rate charged 0.01
5.91
8.518.51
3,829.5042.55
GT Bank
Firm type: Bank
Payment instrument
Access point
Bank branch
Sending network coverage
High
Receiving method
Medium
1,800.0020.00
4.68
Percentage difference between market reference rate 0.01 and exchange rate charged 0.01
4.68
8.688.68
3,906.0043.40
GT Bank
Firm type: Bank
Payment instrument
Access point
Call Center
Sending network coverage
High
Receiving method
Medium
1,800.0020.00
4.68
Percentage difference between market reference rate 0.01 and exchange rate charged 0.01
4.68
8.688.68
3,906.0043.40
GT Bank
Firm type: Bank
Payment instrument
Access point
Internet
Sending network coverage
High
Receiving method
Medium
1,800.0020.00
4.68
Percentage difference between market reference rate 0.01 and exchange rate charged 0.01
4.68
8.688.68
3,906.0043.40
ABC Bank
Firm type: Money Transfer Operator
Payment instrument
Access point
Internet
Sending network coverage
High
Receiving method
Medium
1,800.0020.00
4.76
Percentage difference between market reference rate 0.01 and exchange rate charged 0.01
4.76
8.768.76
3,942.0043.80
ABC Bank
Firm type: Money Transfer Operator
Payment instrument
Access point
Bank branch
Sending network coverage
High
Receiving method
Medium
1,800.0020.00
4.76
Percentage difference between market reference rate 0.01 and exchange rate charged 0.01
4.76
8.768.76
3,942.0043.80
ABC Bank
Firm type: Money Transfer Operator
Payment instrument
Access point
Call Center
Sending network coverage
High
Receiving method
Medium
1,800.0020.00
4.76
Percentage difference between market reference rate 0.01 and exchange rate charged 0.01
4.76
8.768.76
3,942.0043.80
Kenya Commercial Bank (KCB)
Firm type: Bank
Payment instrument
Access point
Bank branch
Sending network coverage
High
Receiving method
Medium
2,400.0026.67
3.46
Percentage difference between market reference rate 0.01 and exchange rate charged 0.01
3.46
8.808.80
3,960.0044.00
Kenya Commercial Bank (KCB)
Firm type: Bank
Payment instrument
Access point
Call Center
Sending network coverage
High
Receiving method
Medium
2,400.0026.67
3.46
Percentage difference between market reference rate 0.01 and exchange rate charged 0.01
3.46
8.808.80
3,960.0044.00
Kenya Commercial Bank (KCB)
Firm type: Bank
Payment instrument
Access point
Internet
Sending network coverage
High
Receiving method
Medium
2,400.0026.67
3.46
Percentage difference between market reference rate 0.01 and exchange rate charged 0.01
3.46
8.808.80
3,960.0044.00
Spire Bank
Firm type: Bank
Payment instrument
Access point
Bank branch
Sending network coverage
High
Receiving method
Medium
1,800.0020.00
5.91
Percentage difference between market reference rate 0.01 and exchange rate charged 0.01
5.91
9.919.91
4,459.5049.55
Spire Bank
Firm type: Bank
Payment instrument
Access point
Call Center
Sending network coverage
High
Receiving method
Medium
1,800.0020.00
6.02
Percentage difference between market reference rate 0.01 and exchange rate charged 0.01
6.02
10.0210.02
4,509.0050.10
Spire Bank
Firm type: Bank
Payment instrument
Access point
Internet
Sending network coverage
High
Receiving method
Medium
1,800.0020.00
6.02
Percentage difference between market reference rate 0.01 and exchange rate charged 0.01
6.02
10.0210.02
4,509.0050.10
EcoBank Rapid Transfer
Firm type: Money Transfer Operator
Payment instrument
Access point
Bank branch
Sending network coverage
High
Receiving method
Bank branch
Medium
1,320.0014.67
7.20
Percentage difference between market reference rate 0.01 and exchange rate charged 0.01
7.20
10.1410.14
4,563.0050.70
EcoBank Rapid Transfer
Firm type: Money Transfer Operator
Payment instrument
Access point
Internet
Sending network coverage
High
Receiving method
Medium
1,320.0014.67
7.20
Percentage difference between market reference rate 0.01 and exchange rate charged 0.01
7.20
10.1410.14
4,563.0050.70
EcoBank Rapid Transfer
Firm type: Money Transfer Operator
Payment instrument
Access point
Bank branch
Sending network coverage
High
Receiving method
Bank branch
Medium
1,320.0014.67
7.20
Percentage difference between market reference rate 0.01 and exchange rate charged 0.01
7.20
10.1410.14
4,563.0050.70
EcoBank Rapid Transfer
Firm type: Money Transfer Operator
Payment instrument
Access point
Internet
Sending network coverage
High
Receiving method
Medium
1,320.0014.67
7.20
Percentage difference between market reference rate 0.01 and exchange rate charged 0.01
7.20
10.1410.14
4,563.0050.70
Development Bank of Kenya
Firm type: Bank
Payment instrument
Access point
Bank branch
Sending network coverage
High
Receiving method
Medium
2,535.0028.17
5.98
Percentage difference between market reference rate 0.01 and exchange rate charged 0.01
5.98
11.6211.62
5,229.0058.10
Development Bank of Kenya
Firm type: Bank
Payment instrument
Access point
Call Center
Sending network coverage
High
Receiving method
Medium
2,535.0028.17
5.98
Percentage difference between market reference rate 0.01 and exchange rate charged 0.01
5.98
11.6211.62
5,229.0058.10
Development Bank of Kenya
Firm type: Bank
Payment instrument
Access point
Internet
Sending network coverage
High
Receiving method
Medium
2,535.0028.17
5.98
Percentage difference between market reference rate 0.01 and exchange rate charged 0.01
5.98
11.6211.62
5,229.0058.10
Ecobank
Firm type: Bank
Payment instrument
Access point
Bank branch
Sending network coverage
Low
Receiving method
Bank branch
Low
3,500.0038.89
7.20
Percentage difference between market reference rate 0.01 and exchange rate charged 0.01
7.20
14.9814.98
6,741.0074.90
Total Average Fourth Quarter 2022
8.398.39
Total Average Third Quarter 2022
9.279.27
Total Average
Fee
1,572.9317.48
Exchange Rate Margin (%)
4.894.89
Total Cost Percent (%)
8.398.39
Total Cost (KES) Total Cost (USD)
3,775.9741.96
Non-Transparent records
Bank account transfer Mobile money Cash
Less than one hour Next day 2 days
Bank account Cash Mobile wallet