Remittance Prices Worldwide

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Sending money from SINGAPORE to BANGLADESH

Data collected on: Feb 17, 2025 - Feb 28, 2025
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 descending
The total cost of sending a remittance transfer includes: the fee charged to the sender plus the exchange rate margin.
Firm
InstaReM
Firm type: Money Transfer Operator
 
Payment instrument
Access point
Internet
Sending network coverage
High 
Transfer speed
Receiving method
Agent
Disbursing network coverage
High 
Fee
1.95
Exchange rate margin(%)
3.01
Percentage difference between market reference rate 92.86 and exchange rate charged 90.07
Total cost (%)
3.76
Total cost (SGD)sort descending
9.78
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
3.00
Exchange rate margin(%)
2.71
Percentage difference between market reference rate 92.86 and exchange rate charged 90.35
Total cost (%)
3.86
Total cost (SGD)sort descending
10.04
Firm
Prime Bank (Prime Exchange Co.)
Firm type: Bank
 
Payment instrument
Access point
Bank branch
Sending network coverage
Low 
Transfer speed
Receiving method
Agent
Disbursing network coverage
High 
Fee
5.00
Exchange rate margin(%)
2.22
Percentage difference between market reference rate 92.86 and exchange rate charged 90.80
Total cost (%)
4.14
Total cost (SGD)sort descending
10.76
Firm
Prime Bank (Prime Exchange Co.)
Firm type: Bank
 
Payment instrument
Access point
Bank branch
Sending network coverage
Low 
Transfer speed
Receiving method
Agent
Disbursing network coverage
High 
Fee
5.00
Exchange rate margin(%)
2.22
Percentage difference between market reference rate 92.86 and exchange rate charged 90.80
Total cost (%)
4.14
Total cost (SGD)sort descending
10.76
Firm
Prime Bank (Prime Exchange Co.)
Firm type: Bank
 
Payment instrument
Access point
Bank branch
Sending network coverage
Low 
Transfer speed
Receiving method
Agent
Disbursing network coverage
High 
Fee
5.00
Exchange rate margin(%)
2.22
Percentage difference between market reference rate 92.86 and exchange rate charged 90.80
Total cost (%)
4.14
Total cost (SGD)sort descending
10.76
Firm
Prime Bank (Prime Exchange Co.)
Firm type: Bank
 
Payment instrument
Access point
Bank branch
Sending network coverage
Low 
Transfer speed
Receiving method
Agent
Disbursing network coverage
High 
Fee
5.00
Exchange rate margin(%)
2.22
Percentage difference between market reference rate 92.86 and exchange rate charged 90.80
Total cost (%)
4.14
Total cost (SGD)sort descending
10.76
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
5.00
Exchange rate margin(%)
2.22
Percentage difference between market reference rate 92.86 and exchange rate charged 90.80
Total cost (%)
4.14
Total cost (SGD)sort descending
10.76
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
5.00
Exchange rate margin(%)
2.22
Percentage difference between market reference rate 92.86 and exchange rate charged 90.80
Total cost (%)
4.14
Total cost (SGD)sort descending
10.76
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
5.00
Exchange rate margin(%)
2.22
Percentage difference between market reference rate 92.86 and exchange rate charged 90.80
Total cost (%)
4.14
Total cost (SGD)sort descending
10.76
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
5.00
Exchange rate margin(%)
2.22
Percentage difference between market reference rate 92.86 and exchange rate charged 90.80
Total cost (%)
4.14
Total cost (SGD)sort descending
10.76
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
4.00
Exchange rate margin(%)
2.76
Percentage difference between market reference rate 92.86 and exchange rate charged 90.30
Total cost (%)
4.30
Total cost (SGD)sort descending
11.18
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
4.00
Exchange rate margin(%)
2.87
Percentage difference between market reference rate 92.86 and exchange rate charged 90.20
Total cost (%)
4.41
Total cost (SGD)sort descending
11.47
Firm
Wise
Firm type: Money Transfer Operator
 
Payment instrument
Access point
Internet
Sending network coverage
High 
Transfer speed
Receiving method
Agent
Disbursing network coverage
High 
Fee
4.64
Exchange rate margin(%)
2.85
Percentage difference between market reference rate 92.86 and exchange rate charged 90.21
Total cost (%)
4.63
Total cost (SGD)sort descending
12.04
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
3.00
Exchange rate margin(%)
3.56
Percentage difference between market reference rate 92.86 and exchange rate charged 89.56
Total cost (%)
4.71
Total cost (SGD)sort descending
12.25
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
High 
Fee
3.00
Exchange rate margin(%)
3.69
Percentage difference between market reference rate 92.86 and exchange rate charged 89.44
Total cost (%)
4.84
Total cost (SGD)sort descending
12.58
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
6.00
Exchange rate margin(%)
3.23
Percentage difference between market reference rate 92.86 and exchange rate charged 89.86
Total cost (%)
5.54
Total cost (SGD)sort descending
14.40
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
6.00
Exchange rate margin(%)
3.23
Percentage difference between market reference rate 92.86 and exchange rate charged 89.86
Total cost (%)
5.54
Total cost (SGD)sort descending
14.40
Firm
Remitly
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 92.86 and exchange rate charged 88.28
Total cost (%)
6.86
Total cost (SGD)sort descending
17.84
Firm
Remitly
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 92.86 and exchange rate charged 88.28
Total cost (%)
6.86
Total cost (SGD)sort descending
17.84
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
10.80
Exchange rate margin(%)
2.71
Percentage difference between market reference rate 92.86 and exchange rate charged 90.35
Total cost (%)
6.86
Total cost (SGD)sort descending
17.84
Firm
State Bank of India
Firm type: Bank
 
Payment instrument
Access point
Bank branch
Sending network coverage
High 
Transfer speed
Receiving method
Agent
Disbursing network coverage
High 
Fee
5.00
Exchange rate margin(%)
5.42
Percentage difference between market reference rate 92.86 and exchange rate charged 87.83
Total cost (%)
7.34
Total cost (SGD)sort descending
19.08
Firm
Remitly
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(%)
5.71
Percentage difference between market reference rate 92.86 and exchange rate charged 87.56
Total cost (%)
7.63
Total cost (SGD)sort descending
19.84
Firm
Remitly
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(%)
5.71
Percentage difference between market reference rate 92.86 and exchange rate charged 87.56
Total cost (%)
7.63
Total cost (SGD)sort descending
19.84
Total Average First Quarter 2025
5.13
Total Average Fourth Quarter 2024
3.86
Total Average
Fee
4.84
Exchange Rate Margin (%)
3.27
Total Cost Percent (%)
5.13
Total Cost (SGD)
13.33
Non-Transparent records
Bank account transfer Debit card Cash Credit Card
3-5 days Less than one hour Same day Next day 2 days
Bank account Cash
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