Remittance Prices Worldwide

MAKING MARKETS MORE TRANSPARENT

From SGSingapore you can also send money to

Sending money from SINGAPORE to INDIA

Data collected on: Feb 21, 2022-Feb 28, 2022
SGD | 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 (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.
SC Remit
Firm type: Money Transfer Operator
Payment instrument
Access point
Internet
Sending network coverage
High
Receiving method
High
0.000.00
0.58
Percentage difference between market reference rate 55.72 and exchange rate charged 55.40
0.58
0.580.58
1.511.16
DBS Remit
Firm type: Money Transfer Operator
Payment instrument
Access point
Bank branch, Call Center
Sending network coverage
High
Receiving method
High
0.000.00
0.63
Percentage difference between market reference rate 55.44 and exchange rate charged 55.09
0.63
0.630.63
1.641.26
DBS Remit
Firm type: Money Transfer Operator
Payment instrument
Access point
Internet
Sending network coverage
High
Receiving method
High
0.000.00
0.65
Percentage difference between market reference rate 55.46 and exchange rate charged 55.10
0.65
0.650.65
1.691.30
Wise
Firm type: Money Transfer Operator
Payment instrument
Access point
Internet
Sending network coverage
High
Receiving method
High
1.911.47
-0.01
Percentage difference between market reference rate 55.53 and exchange rate charged 55.54
-0.01
0.730.73
1.901.46
State Bank of India
Firm type: Bank
Payment instrument
Access point
Internet
Sending network coverage
High
Receiving method
High
0.000.00
0.92
Percentage difference between market reference rate 55.53 and exchange rate charged 55.02
0.92
0.920.92
2.391.84
RemitMoney
Firm type: Bank
Payment instrument
Access point
Internet
Sending network coverage
High
Receiving method
High
0.000.00
0.95
Percentage difference between market reference rate 55.78 and exchange rate charged 55.25
0.95
0.950.95
2.471.90
Kotak Click2Remit
Firm type: Bank
Payment instrument
Access point
Internet
Sending network coverage
High
Receiving method
High
0.810.62
0.72
Percentage difference between market reference rate 55.43 and exchange rate charged 55.04
0.72
1.031.03
2.682.06
RemitMoney
Firm type: Bank
Payment instrument
Access point
Internet
Sending network coverage
High
Receiving method
High
0.000.00
1.03
Percentage difference between market reference rate 55.46 and exchange rate charged 54.89
1.03
1.031.03
2.682.06
InstaReM
Firm type: Money Transfer Operator
Payment instrument
Access point
Internet
Sending network coverage
High
Receiving method
High
2.491.92
0.24
Percentage difference between market reference rate 55.55 and exchange rate charged 55.41
0.24
1.201.20
3.122.40
Prime Bank (Prime Exchange Co.)
Firm type: Bank
Payment instrument
Access point
Bank branch
Sending network coverage
Low
Receiving method
High
0.000.00
1.21
Percentage difference between market reference rate 55.47 and exchange rate charged 54.80
1.21
1.211.21
3.152.42
BOSS Mobile Money
Firm type: Mobile Operator
Payment instrument
Access point
Mobile phone
Sending network coverage
High
Receiving method
High
3.002.31
0.08
Percentage difference between market reference rate 55.51 and exchange rate charged 55.47
0.08
1.231.23
3.202.46
BOSS Mobile Money
Firm type: Mobile Operator
Payment instrument
Access point
Mobile phone
Sending network coverage
High
Receiving method
Agent
High
3.002.31
0.08
Percentage difference between market reference rate 55.52 and exchange rate charged 55.47
0.08
1.241.24
3.222.48
Singtel Dash
Firm type: Mobile Operator
Payment instrument
Access point
Mobile phone
Sending network coverage
High
Receiving method
High
3.502.69
-0.08
Percentage difference between market reference rate 55.57 and exchange rate charged 55.62
-0.08
1.261.26
3.282.52
MoneyGram
Firm type: Money Transfer Operator
Payment instrument
Access point
Agent
Sending network coverage
High
Receiving method
Agent
High
3.002.31
0.11
Percentage difference between market reference rate 55.46 and exchange rate charged 55.40
0.11
1.261.26
3.282.52
MoneyGram
Firm type: Money Transfer Operator
Payment instrument
Access point
Internet
Sending network coverage
High
Receiving method
High
3.002.31
0.11
Percentage difference between market reference rate 55.59 and exchange rate charged 55.53
0.11
1.271.27
3.302.54
MoneyGram
Firm type: Money Transfer Operator
Payment instrument
Access point
Internet
Sending network coverage
High
Receiving method
Agent
High
3.002.31
0.41
Percentage difference between market reference rate 55.59 and exchange rate charged 55.36
0.41
1.571.57
4.083.14
Western Union
Firm type: Money Transfer Operator
Payment instrument
Access point
Agent
Sending network coverage
High
Receiving method
Agent
High
3.002.31
0.51
Percentage difference between market reference rate 55.58 and exchange rate charged 55.29
0.51
1.671.67
4.343.34
Ample Transfer
Firm type: Money Transfer Operator
Payment instrument
Access point
Agent
Sending network coverage
Low
Receiving method
Agent
High
3.002.31
0.59
Percentage difference between market reference rate 55.53 and exchange rate charged 55.20
0.59
1.741.74
4.523.48
Western Union
Firm type: Money Transfer Operator
Payment instrument
Access point
Internet
Sending network coverage
High
Receiving method
Agent
High
0.000.00
1.75
Percentage difference between market reference rate 55.58 and exchange rate charged 54.61
1.75
1.751.75
4.553.50
Bank of India
Firm type: Bank
Payment instrument
Access point
Bank branch
Sending network coverage
Low
Receiving method
High
5.003.85
0.38
Percentage difference between market reference rate 55.51 and exchange rate charged 55.30
0.38
2.312.31
6.014.62
Ample Transfer
Firm type: Money Transfer Operator
Payment instrument
Access point
Agent
Sending network coverage
Low
Receiving method
High
5.003.85
0.59
Percentage difference between market reference rate 55.53 and exchange rate charged 55.20
0.59
2.512.51
6.535.02
Tik FX
Firm type: Bank
Payment instrument
Access point
Internet
Sending network coverage
High
Receiving method
High
5.003.85
0.70
Percentage difference between market reference rate 55.67 and exchange rate charged 55.28
0.70
2.622.62
6.815.24
Indian Overseas Bank
Firm type: Bank
Payment instrument
Access point
Bank branch
Sending network coverage
Medium
Receiving method
High
5.003.85
1.05
Percentage difference between market reference rate 55.68 and exchange rate charged 55.10
1.05
2.972.97
7.725.94
Remitly
Firm type: Money Transfer Operator
Payment instrument
Access point
Internet
Sending network coverage
High
Receiving method
High
3.993.07
1.57
Percentage difference between market reference rate 55.53 and exchange rate charged 54.66
1.57
3.103.10
8.066.20
State Bank of India
Firm type: Bank
Payment instrument
Access point
Bank branch
Sending network coverage
High
Receiving method
High
5.003.85
1.33
Percentage difference between market reference rate 55.57 and exchange rate charged 54.83
1.33
3.253.25
8.456.50
Remitly
Firm type: Money Transfer Operator
Payment instrument
Access point
Internet
Sending network coverage
High
Receiving method
High
3.993.07
1.92
Percentage difference between market reference rate 55.81 and exchange rate charged 54.74
1.92
3.453.45
8.976.90
MoneyGram
Firm type: Money Transfer Operator
Payment instrument
Access point
Internet
Sending network coverage
High
Receiving method
High
10.808.31
0.11
Percentage difference between market reference rate 55.59 and exchange rate charged 55.53
0.11
4.274.27
11.108.54
MoneyGram
Firm type: Money Transfer Operator
Payment instrument
Access point
Internet
Sending network coverage
High
Receiving method
Agent
High
10.808.31
0.41
Percentage difference between market reference rate 55.59 and exchange rate charged 55.36
0.41
4.574.57
11.889.14
WorldRemit
Firm type: Money Transfer Operator
Payment instrument
Access point
Internet
Sending network coverage
High
Receiving method
High
5.994.61
2.79
Percentage difference between market reference rate 55.52 and exchange rate charged 53.98
2.79
5.095.09
13.2310.18
Remitly
Firm type: Money Transfer Operator
Payment instrument
Access point
Internet
Sending network coverage
High
Receiving method
High
11.799.07
1.57
Percentage difference between market reference rate 55.53 and exchange rate charged 54.66
1.57
6.106.10
15.8612.20
WorldRemit
Firm type: Money Transfer Operator
Payment instrument
Access point
Internet
Sending network coverage
High
Receiving method
High
12.759.81
2.79
Percentage difference between market reference rate 55.52 and exchange rate charged 53.98
2.79
7.697.69
19.9915.38
MyCash Money
Firm type: Money Transfer Operator
Payment instrument
Access point
Internet
Sending network coverage
High
Receiving method
Agent
High
5.003.85
9.82
Percentage difference between market reference rate 55.72 and exchange rate charged 50.25
9.82
11.7511.75
30.5523.50
Total Average First Quarter
2.552.55
Total Average Fourth Quarter 2021
2.902.90
Total Average
Fee
3.742.88
Exchange Rate Margin (%)
1.111.11
Total Cost Percent (%)
2.552.55
Total Cost (SGD) Total Cost (USD)
6.635.10
Non-Transparent records
Bank account transfer Credit Card Debit card Mobile money Cash
Less than one hour Same day Next day 2 days 6 days or more
Bank account Cash
Payment instrument
Access point
Sending network coverage
Receiving method
Singtel Dash
Firm type: Mobile Operator
Payment instrument
Access point
Mobile phone
Sending network coverage
High
Receiving method
High
3.502.71
-0.08
Percentage difference between market reference rate 55.57 and exchange rate charged 55.62
-0.08
0.460.46
2.972.30
BOSS Mobile Money
Firm type: Mobile Operator
Payment instrument
Access point
Mobile phone
Sending network coverage
High
Receiving method
High
3.002.33
0.08
Percentage difference between market reference rate 55.51 and exchange rate charged 55.47
0.08
0.540.54
3.482.70
BOSS Mobile Money
Firm type: Mobile Operator
Payment instrument
Access point
Mobile phone
Sending network coverage
High
Receiving method
Agent
High
3.002.33
0.08
Percentage difference between market reference rate 55.52 and exchange rate charged 55.47
0.08
0.550.55
3.552.75
MoneyGram
Firm type: Money Transfer Operator
Payment instrument
Access point
Internet
Sending network coverage
High
Receiving method
High
3.002.33
0.11
Percentage difference between market reference rate 55.59 and exchange rate charged 55.53
0.11
0.580.58
3.742.90
SC Remit
Firm type: Money Transfer Operator
Payment instrument
Access point
Internet
Sending network coverage
High
Receiving method
High
0.000.00
0.58
Percentage difference between market reference rate 55.72 and exchange rate charged 55.40
0.58
0.580.58
3.742.90
MoneyGram
Firm type: Money Transfer Operator
Payment instrument
Access point
Agent
Sending network coverage
High
Receiving method
Agent
High
3.002.33
0.11
Percentage difference between market reference rate 55.46 and exchange rate charged 55.40
0.11
0.580.58
3.742.90
Wise
Firm type: Money Transfer Operator
Payment instrument
Access point
Internet
Sending network coverage
High
Receiving method
High
3.983.09
-0.01
Percentage difference between market reference rate 55.53 and exchange rate charged 55.54
-0.01
0.610.61
3.933.05
DBS Remit
Firm type: Money Transfer Operator
Payment instrument
Access point
Bank branch, Call Center
Sending network coverage
High
Receiving method
High
0.000.00
0.63
Percentage difference between market reference rate 55.44 and exchange rate charged 55.09
0.63
0.630.63
4.063.15
InstaReM
Firm type: Money Transfer Operator
Payment instrument
Access point
Internet
Sending network coverage
High
Receiving method
High
2.582.00
0.24
Percentage difference between market reference rate 55.55 and exchange rate charged 55.41
0.24
0.640.64
4.133.20
DBS Remit
Firm type: Money Transfer Operator
Payment instrument
Access point
Internet
Sending network coverage
High
Receiving method
High
0.000.00
0.65
Percentage difference between market reference rate 55.46 and exchange rate charged 55.10
0.65
0.650.65
4.193.25
RemitMoney
Firm type: Bank
Payment instrument
Access point
Internet
Sending network coverage
High
Receiving method
High
0.000.00
0.80
Percentage difference between market reference rate 55.78 and exchange rate charged 55.33
0.80
0.800.80
5.164.00
MoneyGram
Firm type: Money Transfer Operator
Payment instrument
Access point
Internet
Sending network coverage
High
Receiving method
Agent
High
3.002.33
0.41
Percentage difference between market reference rate 55.59 and exchange rate charged 55.36
0.41
0.880.88
5.684.40
Kotak Click2Remit
Firm type: Bank
Payment instrument
Access point
Internet
Sending network coverage
High
Receiving method
High
1.160.90
0.72
Percentage difference between market reference rate 55.43 and exchange rate charged 55.04
0.72
0.890.89
5.744.45
RemitMoney
Firm type: Bank
Payment instrument
Access point
Internet
Sending network coverage
High
Receiving method
High
0.000.00
0.89
Percentage difference between market reference rate 55.46 and exchange rate charged 54.97
0.89
0.890.89
5.744.45
State Bank of India
Firm type: Bank
Payment instrument
Access point
Internet
Sending network coverage
High
Receiving method
High
0.000.00
0.92
Percentage difference between market reference rate 55.53 and exchange rate charged 55.02
0.92
0.920.92
5.934.60
Ample Transfer
Firm type: Money Transfer Operator
Payment instrument
Access point
Agent
Sending network coverage
Low
Receiving method
Agent
High
3.002.33
0.59
Percentage difference between market reference rate 55.53 and exchange rate charged 55.20
0.59
1.051.05
6.775.25
Western Union
Firm type: Money Transfer Operator
Payment instrument
Access point
Agent
Sending network coverage
High
Receiving method
Agent
High
4.003.10
0.51
Percentage difference between market reference rate 55.58 and exchange rate charged 55.29
0.51
1.141.14
7.355.70
Bank of India
Firm type: Bank
Payment instrument
Access point
Bank branch
Sending network coverage
Low
Receiving method
High
5.003.88
0.38
Percentage difference between market reference rate 55.51 and exchange rate charged 55.30
0.38
1.161.16
7.485.80
Prime Bank (Prime Exchange Co.)
Firm type: Bank
Payment instrument
Access point
Bank branch
Sending network coverage
Low
Receiving method
High
0.000.00
1.21
Percentage difference between market reference rate 55.47 and exchange rate charged 54.80
1.21
1.211.21
7.806.05
Ample Transfer
Firm type: Money Transfer Operator
Payment instrument
Access point
Agent
Sending network coverage
Low
Receiving method
High
5.003.88
0.59
Percentage difference between market reference rate 55.53 and exchange rate charged 55.20
0.59
1.361.36
8.776.80
Tik FX
Firm type: Bank
Payment instrument
Access point
Internet
Sending network coverage
High
Receiving method
High
5.003.88
0.70
Percentage difference between market reference rate 55.67 and exchange rate charged 55.28
0.70
1.481.48
9.557.40
Western Union
Firm type: Money Transfer Operator
Payment instrument
Access point
Internet
Sending network coverage
High
Receiving method
Agent
High
0.000.00
1.75
Percentage difference between market reference rate 55.58 and exchange rate charged 54.61
1.75
1.751.75
11.298.75
Indian Overseas Bank
Firm type: Bank
Payment instrument
Access point
Bank branch
Sending network coverage
Medium
Receiving method
High
5.003.88
1.05
Percentage difference between market reference rate 55.68 and exchange rate charged 55.10
1.05
1.821.82
11.749.10
State Bank of India
Firm type: Bank
Payment instrument
Access point
Bank branch
Sending network coverage
High
Receiving method
High
5.003.88
1.33
Percentage difference between market reference rate 55.57 and exchange rate charged 54.83
1.33
2.102.10
13.5510.50
Remitly
Firm type: Money Transfer Operator
Payment instrument
Access point
Internet
Sending network coverage
High
Receiving method
High
3.993.09
1.57
Percentage difference between market reference rate 55.53 and exchange rate charged 54.66
1.57
2.192.19
14.1310.95
Remitly
Firm type: Money Transfer Operator
Payment instrument
Access point
Internet
Sending network coverage
High
Receiving method
High
3.993.09
1.92
Percentage difference between market reference rate 55.81 and exchange rate charged 54.74
1.92
2.542.54
16.3812.70
MoneyGram
Firm type: Money Transfer Operator
Payment instrument
Access point
Internet
Sending network coverage
High
Receiving method
High
22.3517.33
0.11
Percentage difference between market reference rate 55.59 and exchange rate charged 55.53
0.11
3.583.58
23.0917.90
WorldRemit
Firm type: Money Transfer Operator
Payment instrument
Access point
Internet
Sending network coverage
High
Receiving method
High
5.994.64
2.79
Percentage difference between market reference rate 55.52 and exchange rate charged 53.98
2.79
3.723.72
23.9918.60
MoneyGram
Firm type: Money Transfer Operator
Payment instrument
Access point
Internet
Sending network coverage
High
Receiving method
Agent
High
22.3517.33
0.41
Percentage difference between market reference rate 55.59 and exchange rate charged 55.36
0.41
3.883.88
25.0319.40
Remitly
Firm type: Money Transfer Operator
Payment instrument
Access point
Internet
Sending network coverage
High
Receiving method
High
23.3418.09
1.57
Percentage difference between market reference rate 55.53 and exchange rate charged 54.66
1.57
5.195.19
33.4825.95
WorldRemit
Firm type: Money Transfer Operator
Payment instrument
Access point
Internet
Sending network coverage
High
Receiving method
High
22.7617.64
2.79
Percentage difference between market reference rate 55.52 and exchange rate charged 53.98
2.79
6.326.32
40.7631.60
MyCash Money
Firm type: Money Transfer Operator
Payment instrument
Access point
Internet
Sending network coverage
High
Receiving method
Agent
High
5.003.88
9.82
Percentage difference between market reference rate 55.72 and exchange rate charged 50.25
9.82
10.6010.60
68.3753.00
Total Average First Quarter
1.921.92
Total Average Fourth Quarter 2021
2.132.13
Total Average
Fee
5.254.07
Exchange Rate Margin (%)
1.101.10
Total Cost Percent (%)
1.921.92
Total Cost (SGD) Total Cost (USD)
12.359.58
Non-Transparent records
Bank account transfer Credit Card Debit card Mobile money Cash
Less than one hour Same day Next day 2 days 6 days or more
Bank account Cash