Remittance Prices Worldwide

MAKING MARKETS MORE TRANSPARENT

From KEKenya you can also send money to

Sending money from KENYA to TANZANIA

Data collected on: Feb 19, 2024-Feb 29, 2024
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)Total cost (USD)
The total cost of sending a remittance transfer includes: the fee charged to the sender plus the exchange rate margin.
KCB Bank
Firm type: Bank
Payment instrument
Access point
Internet
Sending network coverage
High
Receiving method
Medium
2,600.0028.89
2.51
Percentage difference between market reference rate 0.01 and exchange rate charged 0.01
2.51
16.9516.95
3,051.0033.90
EcoBank Rapid Transfer
Firm type: Money Transfer Operator
Payment instrument
Access point
Internet
Sending network coverage
High
Receiving method
Medium
517.505.75
2.51
Percentage difference between market reference rate 0.01 and exchange rate charged 0.01
2.51
5.395.39
970.2010.78
EcoBank Rapid Transfer
Firm type: Money Transfer Operator
Payment instrument
Access point
Bank branch
Sending network coverage
High
Receiving method
Bank branch
Medium
517.005.74
1.46
Percentage difference between market reference rate 0.01 and exchange rate charged 0.01
1.46
4.334.33
779.408.66
EcoBank Rapid Transfer
Firm type: Money Transfer Operator
Payment instrument
Access point
Internet
Sending network coverage
High
Receiving method
Medium
517.505.75
2.51
Percentage difference between market reference rate 0.01 and exchange rate charged 0.01
2.51
5.395.39
970.2010.78
EcoBank Rapid Transfer
Firm type: Money Transfer Operator
Payment instrument
Access point
Bank branch
Sending network coverage
High
Receiving method
Bank branch
Medium
517.005.74
1.46
Percentage difference between market reference rate 0.01 and exchange rate charged 0.01
1.46
4.334.33
779.408.66
M-Pesa
Firm type: Mobile Operator
Payment instrument
Access point
Mobile phone
Sending network coverage
High
Receiving method
High
360.004.00
3.87
Percentage difference between market reference rate 17.47 and exchange rate charged 16.79
3.87
5.875.87
1,056.6011.74
M-Pesa
Firm type: Mobile Operator
Payment instrument
Access point
Mobile phone
Sending network coverage
High
Receiving method
High
360.004.00
3.87
Percentage difference between market reference rate 17.47 and exchange rate charged 16.79
3.87
5.875.87
1,056.6011.74
United Bank for Africa (UBA)
Firm type: Bank
Payment instrument
Access point
Internet
Sending network coverage
High
Receiving method
Medium
3,283.5836.48
1.46
Percentage difference between market reference rate 0.01 and exchange rate charged 0.01
1.46
19.7019.70
3,546.0039.40
United Bank for Africa (UBA)
Firm type: Bank
Payment instrument
Access point
Call Center
Sending network coverage
High
Receiving method
Medium
3,283.5836.48
1.46
Percentage difference between market reference rate 0.01 and exchange rate charged 0.01
1.46
19.7019.70
3,546.0039.40
United Bank for Africa (UBA)
Firm type: Bank
Payment instrument
Access point
Bank branch
Sending network coverage
High
Receiving method
Medium
3,283.5836.48
1.46
Percentage difference between market reference rate 0.01 and exchange rate charged 0.01
1.46
19.7019.70
3,546.0039.40
UBA Africash
Firm type: Bank
Payment instrument
Access point
Bank branch
Sending network coverage
Low
Receiving method
Bank branch
Medium
656.007.29
0.30
Percentage difference between market reference rate 0.01 and exchange rate charged 0.01
0.30
3.943.94
709.207.88
MoneyGram
Firm type: Money Transfer Operator
Payment instrument
Access point
Agent
Sending network coverage
High
Receiving method
High
403.004.48
2.67
Percentage difference between market reference rate 17.53 and exchange rate charged 17.06
2.67
4.914.91
883.809.82
MoneyGram
Firm type: Money Transfer Operator
Payment instrument
Access point
Agent
Sending network coverage
High
Receiving method
Agent
High
403.004.48
2.67
Percentage difference between market reference rate 17.53 and exchange rate charged 17.06
2.67
4.914.91
883.809.82
Western Union
Firm type: Money Transfer Operator
Payment instrument
Access point
Agent
Sending network coverage
High
Receiving method
Agent
High
207.002.30
3.08
Percentage difference between market reference rate 17.47 and exchange rate charged 16.93
3.08
4.234.23
761.408.46
KCB Bank
Firm type: Bank
Payment instrument
Access point
Call Center
Sending network coverage
High
Receiving method
Medium
2,600.0028.89
2.51
Percentage difference between market reference rate 0.01 and exchange rate charged 0.01
2.51
16.9516.95
3,051.0033.90
KCB Bank
Firm type: Bank
Payment instrument
Access point
Bank branch
Sending network coverage
High
Receiving method
Medium
2,600.0028.89
2.51
Percentage difference between market reference rate 0.01 and exchange rate charged 0.01
2.51
16.9516.95
3,051.0033.90
GT Bank
Firm type: Bank
Payment instrument
Access point
Internet
Sending network coverage
High
Receiving method
Medium
1,800.0020.00
2.51
Percentage difference between market reference rate 0.01 and exchange rate charged 0.01
2.51
12.5112.51
2,251.8025.02
GT Bank
Firm type: Bank
Payment instrument
Access point
Call Center
Sending network coverage
High
Receiving method
Medium
1,800.0020.00
2.51
Percentage difference between market reference rate 0.01 and exchange rate charged 0.01
2.51
12.5112.51
2,251.8025.02
GT Bank
Firm type: Bank
Payment instrument
Access point
Bank branch
Sending network coverage
High
Receiving method
Medium
1,800.0020.00
2.51
Percentage difference between market reference rate 0.01 and exchange rate charged 0.01
2.51
12.5112.51
2,251.8025.02
Ecobank
Firm type: Bank
Payment instrument
Access point
Bank branch
Sending network coverage
Low
Receiving method
Bank branch
Low
3,600.0040.00
2.51
Percentage difference between market reference rate 0.01 and exchange rate charged 0.01
2.51
22.5122.51
4,051.8045.02
Development Bank of Kenya
Firm type: Bank
Payment instrument
Access point
Internet
Sending network coverage
High
Receiving method
Medium
2,454.0027.27
2.18
Percentage difference between market reference rate 0.01 and exchange rate charged 0.01
2.18
15.8115.81
2,845.8031.62
Development Bank of Kenya
Firm type: Bank
Payment instrument
Access point
Call Center
Sending network coverage
High
Receiving method
Medium
2,454.0027.27
2.51
Percentage difference between market reference rate 0.01 and exchange rate charged 0.01
2.51
16.1416.14
2,905.2032.28
Development Bank of Kenya
Firm type: Bank
Payment instrument
Access point
Bank branch
Sending network coverage
High
Receiving method
Medium
2,454.0027.27
2.51
Percentage difference between market reference rate 0.01 and exchange rate charged 0.01
2.51
16.1416.14
2,905.2032.28
ABC Bank
Firm type: Money Transfer Operator
Payment instrument
Access point
Internet
Sending network coverage
High
Receiving method
Medium
1,800.0020.00
1.74
Percentage difference between market reference rate 0.01 and exchange rate charged 0.01
1.74
11.7411.74
2,113.2023.48
ABC Bank
Firm type: Money Transfer Operator
Payment instrument
Access point
Call Center
Sending network coverage
High
Receiving method
Medium
1,800.0020.00
1.74
Percentage difference between market reference rate 0.01 and exchange rate charged 0.01
1.74
11.7411.74
2,113.2023.48
ABC Bank
Firm type: Money Transfer Operator
Payment instrument
Access point
Bank branch
Sending network coverage
High
Receiving method
Medium
1,800.0020.00
1.74
Percentage difference between market reference rate 0.01 and exchange rate charged 0.01
1.74
11.7411.74
2,113.2023.48
Total Average First Quarter
11.6311.63
Total Average Fourth Quarter 2023
11.4611.46
Total Average
Fee
1,687.3418.75
Exchange Rate Margin (%)
2.262.26
Total Cost Percent (%)
11.6311.63
Total Cost (KES) Total Cost (USD)
2,094.0223.27
Non-Transparent records
Bank account transfer Mobile money Cash
Less than one hour Same day Next day 2 days
Bank account Cash Mobile wallet
Payment instrument
Access point
Sending network coverage
Receiving method
Ecobank
Firm type: Bank
Payment instrument
Access point
Bank branch
Sending network coverage
Low
Receiving method
Bank branch
Low
3,600.0040.00
2.51
Percentage difference between market reference rate 0.01 and exchange rate charged 0.01
2.51
10.5110.51
4,729.5052.55
United Bank for Africa (UBA)
Firm type: Bank
Payment instrument
Access point
Internet
Sending network coverage
High
Receiving method
Medium
3,283.5836.48
1.46
Percentage difference between market reference rate 0.01 and exchange rate charged 0.01
1.46
8.768.76
3,942.0043.80
United Bank for Africa (UBA)
Firm type: Bank
Payment instrument
Access point
Call Center
Sending network coverage
High
Receiving method
Medium
3,283.5836.48
1.46
Percentage difference between market reference rate 0.01 and exchange rate charged 0.01
1.46
8.768.76
3,942.0043.80
United Bank for Africa (UBA)
Firm type: Bank
Payment instrument
Access point
Bank branch
Sending network coverage
High
Receiving method
Medium
3,283.5836.48
1.46
Percentage difference between market reference rate 0.01 and exchange rate charged 0.01
1.46
8.768.76
3,942.0043.80
KCB Bank
Firm type: Bank
Payment instrument
Access point
Bank branch
Sending network coverage
High
Receiving method
Medium
2,600.0028.89
2.51
Percentage difference between market reference rate 0.01 and exchange rate charged 0.01
2.51
8.298.29
3,730.5041.45
KCB Bank
Firm type: Bank
Payment instrument
Access point
Call Center
Sending network coverage
High
Receiving method
Medium
2,600.0028.89
2.51
Percentage difference between market reference rate 0.01 and exchange rate charged 0.01
2.51
8.298.29
3,730.5041.45
KCB Bank
Firm type: Bank
Payment instrument
Access point
Internet
Sending network coverage
High
Receiving method
Medium
2,600.0028.89
2.51
Percentage difference between market reference rate 0.01 and exchange rate charged 0.01
2.51
8.298.29
3,730.5041.45
Development Bank of Kenya
Firm type: Bank
Payment instrument
Access point
Bank branch
Sending network coverage
High
Receiving method
Medium
2,535.0028.17
2.51
Percentage difference between market reference rate 0.01 and exchange rate charged 0.01
2.51
8.148.14
3,663.0040.70
Development Bank of Kenya
Firm type: Bank
Payment instrument
Access point
Call Center
Sending network coverage
High
Receiving method
Medium
2,535.0028.17
2.51
Percentage difference between market reference rate 0.01 and exchange rate charged 0.01
2.51
8.148.14
3,663.0040.70
Development Bank of Kenya
Firm type: Bank
Payment instrument
Access point
Internet
Sending network coverage
High
Receiving method
Medium
2,535.0028.17
2.18
Percentage difference between market reference rate 0.01 and exchange rate charged 0.01
2.18
7.817.81
3,514.5039.05
GT Bank
Firm type: Bank
Payment instrument
Access point
Bank branch
Sending network coverage
High
Receiving method
Medium
1,800.0020.00
2.51
Percentage difference between market reference rate 0.01 and exchange rate charged 0.01
2.51
6.516.51
2,929.5032.55
GT Bank
Firm type: Bank
Payment instrument
Access point
Call Center
Sending network coverage
High
Receiving method
Medium
1,800.0020.00
2.51
Percentage difference between market reference rate 0.01 and exchange rate charged 0.01
2.51
6.516.51
2,929.5032.55
GT Bank
Firm type: Bank
Payment instrument
Access point
Internet
Sending network coverage
High
Receiving method
Medium
1,800.0020.00
2.51
Percentage difference between market reference rate 0.01 and exchange rate charged 0.01
2.51
6.516.51
2,929.5032.55
ABC Bank
Firm type: Money Transfer Operator
Payment instrument
Access point
Bank branch
Sending network coverage
High
Receiving method
Medium
1,800.0020.00
1.74
Percentage difference between market reference rate 0.01 and exchange rate charged 0.01
1.74
5.745.74
2,583.0028.70
ABC Bank
Firm type: Money Transfer Operator
Payment instrument
Access point
Internet
Sending network coverage
High
Receiving method
Medium
1,800.0020.00
1.74
Percentage difference between market reference rate 0.01 and exchange rate charged 0.01
1.74
5.745.74
2,583.0028.70
ABC Bank
Firm type: Money Transfer Operator
Payment instrument
Access point
Call Center
Sending network coverage
High
Receiving method
Medium
1,800.0020.00
1.74
Percentage difference between market reference rate 0.01 and exchange rate charged 0.01
1.74
5.745.74
2,583.0028.70
EcoBank Rapid Transfer
Firm type: Money Transfer Operator
Payment instrument
Access point
Internet
Sending network coverage
High
Receiving method
Medium
1,265.0014.06
2.51
Percentage difference between market reference rate 0.01 and exchange rate charged 0.01
2.51
5.325.32
2,394.0026.60
EcoBank Rapid Transfer
Firm type: Money Transfer Operator
Payment instrument
Access point
Internet
Sending network coverage
High
Receiving method
Medium
1,265.0014.06
2.51
Percentage difference between market reference rate 0.01 and exchange rate charged 0.01
2.51
5.325.32
2,394.0026.60
M-Pesa
Firm type: Mobile Operator
Payment instrument
Access point
Mobile phone
Sending network coverage
High
Receiving method
High
514.005.71
3.87
Percentage difference between market reference rate 17.47 and exchange rate charged 16.79
3.87
5.015.01
2,254.5025.05
M-Pesa
Firm type: Mobile Operator
Payment instrument
Access point
Mobile phone
Sending network coverage
High
Receiving method
High
514.005.71
3.87
Percentage difference between market reference rate 17.47 and exchange rate charged 16.79
3.87
5.015.01
2,254.5025.05
EcoBank Rapid Transfer
Firm type: Money Transfer Operator
Payment instrument
Access point
Bank branch
Sending network coverage
High
Receiving method
Bank branch
Medium
1,297.0014.41
1.46
Percentage difference between market reference rate 0.01 and exchange rate charged 0.01
1.46
4.344.34
1,953.0021.70
EcoBank Rapid Transfer
Firm type: Money Transfer Operator
Payment instrument
Access point
Bank branch
Sending network coverage
High
Receiving method
Bank branch
Medium
1,297.0014.41
1.46
Percentage difference between market reference rate 0.01 and exchange rate charged 0.01
1.46
4.344.34
1,953.0021.70
Western Union
Firm type: Money Transfer Operator
Payment instrument
Access point
Agent
Sending network coverage
High
Receiving method
Agent
High
517.505.75
3.08
Percentage difference between market reference rate 17.47 and exchange rate charged 16.93
3.08
4.234.23
1,903.5021.15
MoneyGram
Firm type: Money Transfer Operator
Payment instrument
Access point
Agent
Sending network coverage
High
Receiving method
Agent
High
633.007.03
2.67
Percentage difference between market reference rate 17.53 and exchange rate charged 17.06
2.67
4.084.08
1,836.0020.40
MoneyGram
Firm type: Money Transfer Operator
Payment instrument
Access point
Agent
Sending network coverage
High
Receiving method
High
633.007.03
2.67
Percentage difference between market reference rate 17.53 and exchange rate charged 17.06
2.67
4.084.08
1,836.0020.40
UBA Africash
Firm type: Bank
Payment instrument
Access point
Bank branch
Sending network coverage
Low
Receiving method
Bank branch
Medium
1,122.0012.47
0.30
Percentage difference between market reference rate 0.01 and exchange rate charged 0.01
0.30
2.792.79
1,255.5013.95
Total Average First Quarter
6.426.42
Total Average Fourth Quarter 2023
7.287.28
Total Average
Fee
1,873.5920.82
Exchange Rate Margin (%)
2.262.26
Total Cost Percent (%)
6.426.42
Total Cost (KES) Total Cost (USD)
2,890.7332.12
Non-Transparent records
Bank account transfer Mobile money Cash
Less than one hour Same day Next day 2 days
Bank account Cash Mobile wallet