Remittance Prices Worldwide

MAKING MARKETS MORE TRANSPARENT

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Transfer money

Sending money from SINGAPORE to BANGLADESH

Data collected on: Aug 17, 2022-Sep 08, 2022
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
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
0.000.00
Exchange rate margin (%)
0.44
Percentage difference between market reference rate 79.59 and exchange rate charged 79.230.44
Total cost (%)
0.440.44
Total cost (SGD)sort descendingTotal cost (USD)sort descending
1.140.88
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
3.002.31
Exchange rate margin (%)
0.02
Percentage difference between market reference rate 79.59 and exchange rate charged 79.570.02
Total cost (%)
1.171.17
Total cost (SGD)sort descendingTotal cost (USD)sort descending
3.042.34
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
3.002.31
Exchange rate margin (%)
0.54
Percentage difference between market reference rate 79.59 and exchange rate charged 79.160.54
Total cost (%)
1.691.69
Total cost (SGD)sort descendingTotal cost (USD)sort descending
4.393.38
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
3.002.31
Exchange rate margin (%)
2.52
Percentage difference between market reference rate 79.59 and exchange rate charged 77.582.52
Total cost (%)
3.683.68
Total cost (SGD)sort descendingTotal cost (USD)sort descending
9.577.36
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 (%)
1.99
Percentage difference between market reference rate 79.59 and exchange rate charged 78.001.99
Total cost (%)
3.923.92
Total cost (SGD)sort descendingTotal cost (USD)sort descending
10.197.84
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 (%)
2.43
Percentage difference between market reference rate 79.59 and exchange rate charged 77.652.43
Total cost (%)
3.973.97
Total cost (SGD)sort descendingTotal cost (USD)sort descending
10.327.94
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 (%)
2.43
Percentage difference between market reference rate 79.59 and exchange rate charged 77.652.43
Total cost (%)
3.973.97
Total cost (SGD)sort descendingTotal cost (USD)sort descending
10.327.94
Firm
Prime Bank (Prime Exchange Co.)
Firm type: Bank
 
Payment instrument
Access point
Agent
Sending network coverage
Low
Transfer speed
Receiving method
Agent
Disbursing network coverage
High
Fee
5.003.85
Exchange rate margin (%)
2.18
Percentage difference between market reference rate 79.59 and exchange rate charged 77.852.18
Total cost (%)
4.114.11
Total cost (SGD)sort descendingTotal cost (USD)sort descending
10.698.22
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 (%)
2.62
Percentage difference between market reference rate 79.59 and exchange rate charged 77.502.62
Total cost (%)
4.554.55
Total cost (SGD)sort descendingTotal cost (USD)sort descending
11.839.10
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
10.808.31
Exchange rate margin (%)
0.54
Percentage difference between market reference rate 79.59 and exchange rate charged 79.160.54
Total cost (%)
4.694.69
Total cost (SGD)sort descendingTotal cost (USD)sort descending
12.199.38
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
2.491.92
Exchange rate margin (%)
14.64
Percentage difference between market reference rate 79.59 and exchange rate charged 67.9314.64
Total cost (%)
15.6015.60
Total cost (SGD)sort descendingTotal cost (USD)sort descending
40.5631.20
Firm
Wise
Firm type: Money Transfer Operator
 
Payment instrument
Access point
Internet
Sending network coverage
High
Transfer speed
Receiving method
Disbursing network coverage
High
Fee
4.013.08
Exchange rate margin (%)
14.57
Percentage difference between market reference rate 79.59 and exchange rate charged 67.9914.57
Total cost (%)
16.1116.11
Total cost (SGD)sort descendingTotal cost (USD)sort descending
41.8932.22
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 (%)
15.56
Percentage difference between market reference rate 79.59 and exchange rate charged 67.2015.56
Total cost (%)
17.4917.49
Total cost (SGD)sort descendingTotal cost (USD)sort descending
45.4734.98
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 (%)
16.67
Percentage difference between market reference rate 79.59 and exchange rate charged 66.3216.67
Total cost (%)
18.5918.59
Total cost (SGD)sort descendingTotal cost (USD)sort descending
48.3337.18
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 (%)
16.69
Percentage difference between market reference rate 79.59 and exchange rate charged 66.3016.69
Total cost (%)
18.6118.61
Total cost (SGD)sort descendingTotal cost (USD)sort descending
48.3937.22
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
12.799.84
Exchange rate margin (%)
16.67
Percentage difference between market reference rate 79.59 and exchange rate charged 66.3216.67
Total cost (%)
21.5921.59
Total cost (SGD)sort descendingTotal cost (USD)sort descending
56.1343.18
Total Average Third Quarter 2022
8.768.76
Total Average Second Quarter 2022
3.413.41
Total Average
Fee
4.823.71
Exchange Rate Margin (%)
6.916.91
Total Cost Percent (%)
8.768.76
Total Cost (SGD) Total Cost (USD)
22.7817.52
Non-Transparent records
Bank account transfer Credit Card Debit card Cash
Less than one hour Same day Next day 2 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
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
0.000.00
Exchange rate margin (%)
0.44
Percentage difference between market reference rate 79.59 and exchange rate charged 79.230.44
Total cost (%)
0.440.44
Total cost (SGD)sort descendingTotal cost (USD)sort descending
2.842.20
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
4.003.10
Exchange rate margin (%)
0.02
Percentage difference between market reference rate 79.59 and exchange rate charged 79.570.02
Total cost (%)
0.640.64
Total cost (SGD)sort descendingTotal cost (USD)sort descending
4.133.20
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
3.002.33
Exchange rate margin (%)
0.54
Percentage difference between market reference rate 79.59 and exchange rate charged 79.160.54
Total cost (%)
1.001.00
Total cost (SGD)sort descendingTotal cost (USD)sort descending
6.455.00
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 (%)
1.99
Percentage difference between market reference rate 79.59 and exchange rate charged 78.001.99
Total cost (%)
2.772.77
Total cost (SGD)sort descendingTotal cost (USD)sort descending
17.8713.85
Firm
Prime Bank (Prime Exchange Co.)
Firm type: Bank
 
Payment instrument
Access point
Agent
Sending network coverage
Low
Transfer speed
Receiving method
Agent
Disbursing network coverage
High
Fee
5.003.88
Exchange rate margin (%)
2.18
Percentage difference between market reference rate 79.59 and exchange rate charged 77.852.18
Total cost (%)
2.962.96
Total cost (SGD)sort descendingTotal cost (USD)sort descending
19.0914.80
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
3.002.33
Exchange rate margin (%)
2.52
Percentage difference between market reference rate 79.59 and exchange rate charged 77.582.52
Total cost (%)
2.992.99
Total cost (SGD)sort descendingTotal cost (USD)sort descending
19.2914.95
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 (%)
2.43
Percentage difference between market reference rate 79.59 and exchange rate charged 77.652.43
Total cost (%)
3.053.05
Total cost (SGD)sort descendingTotal cost (USD)sort descending
19.6715.25
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 (%)
2.43
Percentage difference between market reference rate 79.59 and exchange rate charged 77.652.43
Total cost (%)
3.053.05
Total cost (SGD)sort descendingTotal cost (USD)sort descending
19.6715.25
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 (%)
2.62
Percentage difference between market reference rate 79.59 and exchange rate charged 77.502.62
Total cost (%)
3.403.40
Total cost (SGD)sort descendingTotal cost (USD)sort descending
21.9317.00
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
22.3517.33
Exchange rate margin (%)
0.54
Percentage difference between market reference rate 79.59 and exchange rate charged 79.160.54
Total cost (%)
4.004.00
Total cost (SGD)sort descendingTotal cost (USD)sort descending
25.8020.00
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
3.232.50
Exchange rate margin (%)
14.64
Percentage difference between market reference rate 79.59 and exchange rate charged 67.9314.64
Total cost (%)
15.1415.14
Total cost (SGD)sort descendingTotal cost (USD)sort descending
97.6575.70
Firm
Wise
Firm type: Money Transfer Operator
 
Payment instrument
Access point
Internet
Sending network coverage
High
Transfer speed
Receiving method
Disbursing network coverage
High
Fee
6.575.09
Exchange rate margin (%)
14.57
Percentage difference between market reference rate 79.59 and exchange rate charged 67.9914.57
Total cost (%)
15.5915.59
Total cost (SGD)sort descendingTotal cost (USD)sort descending
100.5677.95
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 (%)
15.56
Percentage difference between market reference rate 79.59 and exchange rate charged 67.2015.56
Total cost (%)
16.3416.34
Total cost (SGD)sort descendingTotal cost (USD)sort descending
105.3981.70
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 (%)
16.67
Percentage difference between market reference rate 79.59 and exchange rate charged 66.3216.67
Total cost (%)
17.4417.44
Total cost (SGD)sort descendingTotal cost (USD)sort descending
112.4987.20
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 (%)
16.69
Percentage difference between market reference rate 79.59 and exchange rate charged 66.3016.69
Total cost (%)
17.4717.47
Total cost (SGD)sort descendingTotal cost (USD)sort descending
112.6887.35
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
24.3418.87
Exchange rate margin (%)
16.67
Percentage difference between market reference rate 79.59 and exchange rate charged 66.3216.67
Total cost (%)
20.4420.44
Total cost (SGD)sort descendingTotal cost (USD)sort descending
131.84102.20
Total Average Third Quarter 2022
7.927.92
Total Average Second Quarter 2022
2.452.45
Total Average
Fee
6.535.06
Exchange Rate Margin (%)
6.916.91
Total Cost Percent (%)
7.927.92
Total Cost (SGD) Total Cost (USD)
51.0839.60
Non-Transparent records
Bank account transfer Credit Card Debit card Cash
Less than one hour Same day Next day 2 days
Bank account Cash
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