Remittance Prices Worldwide

MAKING MARKETS MORE TRANSPARENT

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Transfer money

Sending money from SINGAPORE to BANGLADESH

Data collected on: Nov 06, 2024-Nov 25, 2024
SGD | 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 (SGD)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.
Firm
Prime Bank (Prime Exchange Co.)
Firm type: Bank
 
Payment instrument
Access point
Bank branch
Sending network coverage
Low
Transfer speed
Receiving method
Disbursing network coverage
High
Fee
5.003.85
Exchange rate margin (%)
-0.70
Percentage difference between market reference rate 91.22 and exchange rate charged 91.85-0.70
Total cost (%)
1.221.22
Total cost (SGD)sort descendingTotal cost (USD)sort descending
3.172.44
Firm
Prime Bank (Prime Exchange Co.)
Firm type: Bank
 
Payment instrument
Access point
Bank branch
Sending network coverage
Low
Transfer speed
Receiving method
Bank branch
Disbursing network coverage
High
Fee
5.003.85
Exchange rate margin (%)
-0.70
Percentage difference between market reference rate 91.22 and exchange rate charged 91.85-0.70
Total cost (%)
1.221.22
Total cost (SGD)sort descendingTotal cost (USD)sort descending
3.172.44
Firm
Prime Bank (Prime Exchange Co.)
Firm type: Bank
 
Payment instrument
Access point
Bank branch
Sending network coverage
Low
Transfer speed
Receiving method
Disbursing network coverage
High
Fee
5.003.85
Exchange rate margin (%)
-0.70
Percentage difference between market reference rate 91.22 and exchange rate charged 91.85-0.70
Total cost (%)
1.221.22
Total cost (SGD)sort descendingTotal cost (USD)sort descending
3.172.44
Firm
Prime Bank (Prime Exchange Co.)
Firm type: Bank
 
Payment instrument
Access point
Bank branch
Sending network coverage
Low
Transfer speed
Receiving method
Bank branch
Disbursing network coverage
High
Fee
5.003.85
Exchange rate margin (%)
-0.70
Percentage difference between market reference rate 91.22 and exchange rate charged 91.85-0.70
Total cost (%)
1.221.22
Total cost (SGD)sort descendingTotal cost (USD)sort descending
3.172.44
Firm
InstaReM
Firm type: Money Transfer Operator
 
Payment instrument
Access point
Internet
Sending network coverage
High
Transfer speed
Receiving method
Disbursing network coverage
High
Fee
1.951.50
Exchange rate margin (%)
1.77
Percentage difference between market reference rate 91.22 and exchange rate charged 89.601.77
Total cost (%)
2.522.52
Total cost (SGD)sort descendingTotal cost (USD)sort descending
6.555.04
Firm
Agrani Exchange House (Agrani Bank)
Firm type: Bank / Money Transfer Operator
 
Payment instrument
Access point
Agent
Sending network coverage
Medium
Transfer speed
Receiving method
Disbursing network coverage
High
Fee
5.003.85
Exchange rate margin (%)
1.06
Percentage difference between market reference rate 91.22 and exchange rate charged 90.251.06
Total cost (%)
2.982.98
Total cost (SGD)sort descendingTotal cost (USD)sort descending
7.755.96
Firm
Agrani Exchange House (Agrani Bank)
Firm type: Bank / Money Transfer Operator
 
Payment instrument
Access point
Agent
Sending network coverage
Medium
Transfer speed
Receiving method
Agent
Disbursing network coverage
High
Fee
5.003.85
Exchange rate margin (%)
1.06
Percentage difference between market reference rate 91.22 and exchange rate charged 90.251.06
Total cost (%)
2.982.98
Total cost (SGD)sort descendingTotal cost (USD)sort descending
7.755.96
Firm
NBL Money Transfer
Firm type: Money Transfer Operator
 
Payment instrument
Access point
Agent
Sending network coverage
Medium
Transfer speed
Receiving method
Agent
Disbursing network coverage
High
Fee
5.003.85
Exchange rate margin (%)
1.12
Percentage difference between market reference rate 91.22 and exchange rate charged 90.191.12
Total cost (%)
3.043.04
Total cost (SGD)sort descendingTotal cost (USD)sort descending
7.906.08
Firm
NBL Money Transfer
Firm type: Money Transfer Operator
 
Payment instrument
Access point
Agent
Sending network coverage
Medium
Transfer speed
Receiving method
Agent
Disbursing network coverage
High
Fee
5.003.85
Exchange rate margin (%)
1.12
Percentage difference between market reference rate 91.22 and exchange rate charged 90.191.12
Total cost (%)
3.043.04
Total cost (SGD)sort descendingTotal cost (USD)sort descending
7.906.08
Firm
Western Union
Firm type: Money Transfer Operator
 
Payment instrument
Access point
Agent
Sending network coverage
High
Transfer speed
Receiving method
Disbursing network coverage
High
Fee
3.002.31
Exchange rate margin (%)
3.19
Percentage difference between market reference rate 91.22 and exchange rate charged 88.313.19
Total cost (%)
4.344.34
Total cost (SGD)sort descendingTotal cost (USD)sort descending
11.288.68
Firm
Tik FX
Firm type: Bank
 
Payment instrument
Access point
Internet
Sending network coverage
High
Transfer speed
Receiving method
Disbursing network coverage
High
Fee
5.003.85
Exchange rate margin (%)
2.75
Percentage difference between market reference rate 91.22 and exchange rate charged 88.702.75
Total cost (%)
4.674.67
Total cost (SGD)sort descendingTotal cost (USD)sort descending
12.149.34
Firm
Remitly
Firm type: Money Transfer Operator
 
Payment instrument
Access point
Internet
Sending network coverage
High
Transfer speed
Receiving method
Disbursing network coverage
High
Fee
4.993.84
Exchange rate margin (%)
2.86
Percentage difference between market reference rate 91.22 and exchange rate charged 88.612.86
Total cost (%)
4.784.78
Total cost (SGD)sort descendingTotal cost (USD)sort descending
12.439.56
Firm
Remitly
Firm type: Money Transfer Operator
 
Payment instrument
Access point
Internet
Sending network coverage
High
Transfer speed
Receiving method
Disbursing network coverage
High
Fee
4.993.84
Exchange rate margin (%)
2.86
Percentage difference between market reference rate 91.22 and exchange rate charged 88.612.86
Total cost (%)
4.784.78
Total cost (SGD)sort descendingTotal cost (USD)sort descending
12.439.56
Firm
Remitly
Firm type: Money Transfer Operator
 
Payment instrument
Access point
Internet
Sending network coverage
High
Transfer speed
Receiving method
Disbursing network coverage
High
Fee
4.993.84
Exchange rate margin (%)
2.86
Percentage difference between market reference rate 91.22 and exchange rate charged 88.612.86
Total cost (%)
4.784.78
Total cost (SGD)sort descendingTotal cost (USD)sort descending
12.439.56
Firm
Remitly
Firm type: Money Transfer Operator
 
Payment instrument
Access point
Internet
Sending network coverage
High
Transfer speed
Receiving method
Disbursing network coverage
High
Fee
4.993.84
Exchange rate margin (%)
2.86
Percentage difference between market reference rate 91.22 and exchange rate charged 88.612.86
Total cost (%)
4.784.78
Total cost (SGD)sort descendingTotal cost (USD)sort descending
12.439.56
Firm
Ample Transfer
Firm type: Money Transfer Operator
 
Payment instrument
Access point
Agent
Sending network coverage
Low
Transfer speed
Receiving method
Agent
Disbursing network coverage
High
Fee
4.003.08
Exchange rate margin (%)
4.84
Percentage difference between market reference rate 91.22 and exchange rate charged 86.804.84
Total cost (%)
6.386.38
Total cost (SGD)sort descendingTotal cost (USD)sort descending
16.5912.76
Firm
Ample Transfer
Firm type: Money Transfer Operator
 
Payment instrument
Access point
Agent
Sending network coverage
Low
Transfer speed
Receiving method
Disbursing network coverage
High
Fee
4.003.08
Exchange rate margin (%)
5.61
Percentage difference between market reference rate 91.22 and exchange rate charged 86.105.61
Total cost (%)
7.157.15
Total cost (SGD)sort descendingTotal cost (USD)sort descending
18.5914.30
Total Average Fourth Quarter 2024
3.593.59
Total Average Third Quarter 2024
7.217.21
Total Average
Fee
4.583.53
Exchange Rate Margin (%)
1.831.83
Total Cost Percent (%)
3.593.59
Total Cost (SGD) Total Cost (USD)
9.347.19
Non-Transparent records
Bank account transfer Credit Card Debit card Cash
Less than one hour Same day Next day 3-5 days
Bank account Cash
Firm
Payment instrument
Access point
Sending network coverage
Transfer speed
Receiving method
Disbursing network coverage
Fee
Exchange rate margin (%)
Total cost (%)
Total cost (SGD)sort descendingTotal cost (USD)sort descending
Firm
Prime Bank (Prime Exchange Co.)
Firm type: Bank
 
Payment instrument
Access point
Bank branch
Sending network coverage
Low
Transfer speed
Receiving method
Disbursing network coverage
High
Fee
5.003.88
Exchange rate margin (%)
-0.70
Percentage difference between market reference rate 91.22 and exchange rate charged 91.85-0.70
Total cost (%)
0.080.08
Total cost (SGD)sort descendingTotal cost (USD)sort descending
0.520.40
Firm
Prime Bank (Prime Exchange Co.)
Firm type: Bank
 
Payment instrument
Access point
Bank branch
Sending network coverage
Low
Transfer speed
Receiving method
Bank branch
Disbursing network coverage
High
Fee
5.003.88
Exchange rate margin (%)
-0.70
Percentage difference between market reference rate 91.22 and exchange rate charged 91.85-0.70
Total cost (%)
0.080.08
Total cost (SGD)sort descendingTotal cost (USD)sort descending
0.520.40
Firm
Prime Bank (Prime Exchange Co.)
Firm type: Bank
 
Payment instrument
Access point
Bank branch
Sending network coverage
Low
Transfer speed
Receiving method
Disbursing network coverage
High
Fee
5.003.88
Exchange rate margin (%)
-0.70
Percentage difference between market reference rate 91.22 and exchange rate charged 91.85-0.70
Total cost (%)
0.080.08
Total cost (SGD)sort descendingTotal cost (USD)sort descending
0.520.40
Firm
Prime Bank (Prime Exchange Co.)
Firm type: Bank
 
Payment instrument
Access point
Bank branch
Sending network coverage
Low
Transfer speed
Receiving method
Bank branch
Disbursing network coverage
High
Fee
5.003.88
Exchange rate margin (%)
-0.70
Percentage difference between market reference rate 91.22 and exchange rate charged 91.85-0.70
Total cost (%)
0.080.08
Total cost (SGD)sort descendingTotal cost (USD)sort descending
0.520.40
Firm
Agrani Exchange House (Agrani Bank)
Firm type: Bank / Money Transfer Operator
 
Payment instrument
Access point
Agent
Sending network coverage
Medium
Transfer speed
Receiving method
Disbursing network coverage
High
Fee
5.003.88
Exchange rate margin (%)
1.06
Percentage difference between market reference rate 91.22 and exchange rate charged 90.251.06
Total cost (%)
1.841.84
Total cost (SGD)sort descendingTotal cost (USD)sort descending
11.879.20
Firm
Agrani Exchange House (Agrani Bank)
Firm type: Bank / Money Transfer Operator
 
Payment instrument
Access point
Agent
Sending network coverage
Medium
Transfer speed
Receiving method
Agent
Disbursing network coverage
High
Fee
5.003.88
Exchange rate margin (%)
1.06
Percentage difference between market reference rate 91.22 and exchange rate charged 90.251.06
Total cost (%)
1.841.84
Total cost (SGD)sort descendingTotal cost (USD)sort descending
11.879.20
Firm
NBL Money Transfer
Firm type: Money Transfer Operator
 
Payment instrument
Access point
Agent
Sending network coverage
Medium
Transfer speed
Receiving method
Agent
Disbursing network coverage
High
Fee
5.003.88
Exchange rate margin (%)
1.12
Percentage difference between market reference rate 91.22 and exchange rate charged 90.191.12
Total cost (%)
1.901.90
Total cost (SGD)sort descendingTotal cost (USD)sort descending
12.269.50
Firm
NBL Money Transfer
Firm type: Money Transfer Operator
 
Payment instrument
Access point
Agent
Sending network coverage
Medium
Transfer speed
Receiving method
Agent
Disbursing network coverage
High
Fee
5.003.88
Exchange rate margin (%)
1.12
Percentage difference between market reference rate 91.22 and exchange rate charged 90.191.12
Total cost (%)
1.901.90
Total cost (SGD)sort descendingTotal cost (USD)sort descending
12.269.50
Firm
InstaReM
Firm type: Money Transfer Operator
 
Payment instrument
Access point
Internet
Sending network coverage
High
Transfer speed
Receiving method
Disbursing network coverage
High
Fee
4.843.75
Exchange rate margin (%)
1.77
Percentage difference between market reference rate 91.22 and exchange rate charged 89.601.77
Total cost (%)
2.522.52
Total cost (SGD)sort descendingTotal cost (USD)sort descending
16.2512.60
Firm
Tik FX
Firm type: Bank
 
Payment instrument
Access point
Internet
Sending network coverage
High
Transfer speed
Receiving method
Disbursing network coverage
High
Fee
5.003.88
Exchange rate margin (%)
2.75
Percentage difference between market reference rate 91.22 and exchange rate charged 88.702.75
Total cost (%)
3.533.53
Total cost (SGD)sort descendingTotal cost (USD)sort descending
22.7717.65
Firm
Remitly
Firm type: Money Transfer Operator
 
Payment instrument
Access point
Internet
Sending network coverage
High
Transfer speed
Receiving method
Disbursing network coverage
High
Fee
4.993.87
Exchange rate margin (%)
2.86
Percentage difference between market reference rate 91.22 and exchange rate charged 88.612.86
Total cost (%)
3.633.63
Total cost (SGD)sort descendingTotal cost (USD)sort descending
23.4118.15
Firm
Remitly
Firm type: Money Transfer Operator
 
Payment instrument
Access point
Internet
Sending network coverage
High
Transfer speed
Receiving method
Disbursing network coverage
High
Fee
4.993.87
Exchange rate margin (%)
2.86
Percentage difference between market reference rate 91.22 and exchange rate charged 88.612.86
Total cost (%)
3.633.63
Total cost (SGD)sort descendingTotal cost (USD)sort descending
23.4118.15
Firm
Remitly
Firm type: Money Transfer Operator
 
Payment instrument
Access point
Internet
Sending network coverage
High
Transfer speed
Receiving method
Disbursing network coverage
High
Fee
4.993.87
Exchange rate margin (%)
2.86
Percentage difference between market reference rate 91.22 and exchange rate charged 88.612.86
Total cost (%)
3.633.63
Total cost (SGD)sort descendingTotal cost (USD)sort descending
23.4118.15
Firm
Remitly
Firm type: Money Transfer Operator
 
Payment instrument
Access point
Internet
Sending network coverage
High
Transfer speed
Receiving method
Disbursing network coverage
High
Fee
4.993.87
Exchange rate margin (%)
2.86
Percentage difference between market reference rate 91.22 and exchange rate charged 88.612.86
Total cost (%)
3.633.63
Total cost (SGD)sort descendingTotal cost (USD)sort descending
23.4118.15
Firm
Western Union
Firm type: Money Transfer Operator
 
Payment instrument
Access point
Agent
Sending network coverage
High
Transfer speed
Receiving method
Disbursing network coverage
High
Fee
4.003.10
Exchange rate margin (%)
3.19
Percentage difference between market reference rate 91.22 and exchange rate charged 88.313.19
Total cost (%)
3.813.81
Total cost (SGD)sort descendingTotal cost (USD)sort descending
24.5719.05
Firm
Ample Transfer
Firm type: Money Transfer Operator
 
Payment instrument
Access point
Agent
Sending network coverage
Low
Transfer speed
Receiving method
Agent
Disbursing network coverage
High
Fee
4.003.10
Exchange rate margin (%)
4.84
Percentage difference between market reference rate 91.22 and exchange rate charged 86.804.84
Total cost (%)
5.465.46
Total cost (SGD)sort descendingTotal cost (USD)sort descending
35.2227.30
Firm
Ample Transfer
Firm type: Money Transfer Operator
 
Payment instrument
Access point
Agent
Sending network coverage
Low
Transfer speed
Receiving method
Disbursing network coverage
High
Fee
4.003.10
Exchange rate margin (%)
5.61
Percentage difference between market reference rate 91.22 and exchange rate charged 86.105.61
Total cost (%)
6.236.23
Total cost (SGD)sort descendingTotal cost (USD)sort descending
40.1831.15
Total Average Fourth Quarter 2024
2.582.58
Total Average Third Quarter 2024
6.366.36
Total Average
Fee
4.813.73
Exchange Rate Margin (%)
1.831.83
Total Cost Percent (%)
2.582.58
Total Cost (SGD) Total Cost (USD)
16.6512.90
Non-Transparent records
Bank account transfer Credit Card Debit card Cash
Less than one hour Same day Next day 3-5 days
Bank account Cash
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