Remittance Prices Worldwide

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Sending money from SINGAPORE to INDIA

Data collected on: Aug 17, 2022-Sep 08, 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.
State Bank of India
Firm type: Bank
Payment instrument
Access point
Internet
Sending network coverage
High
Receiving method
High
0.000.00
0.79
Percentage difference between market reference rate 57.23 and exchange rate charged 56.78
0.79
0.790.79
2.051.58
Wise
Firm type: Money Transfer Operator
Payment instrument
Access point
Internet
Sending network coverage
High
Receiving method
High
2.191.68
-0.01
Percentage difference between market reference rate 56.97 and exchange rate charged 56.97
-0.01
0.830.83
2.161.66
SC Remit
Firm type: Money Transfer Operator
Payment instrument
Access point
Internet
Sending network coverage
High
Receiving method
High
0.000.00
0.91
Percentage difference between market reference rate 57.33 and exchange rate charged 56.81
0.91
0.910.91
2.371.82
MoneyGram
Firm type: Money Transfer Operator
Payment instrument
Access point
Internet
Sending network coverage
High
Receiving method
High
3.002.31
-0.10
Percentage difference between market reference rate 56.96 and exchange rate charged 57.02
-0.10
1.051.05
2.732.10
DBS Remit
Firm type: Money Transfer Operator
Payment instrument
Access point
Call Center, Internet
Sending network coverage
High
Receiving method
High
0.000.00
1.09
Percentage difference between market reference rate 56.98 and exchange rate charged 56.36
1.09
1.091.09
2.832.18
DBS Remit
Firm type: Money Transfer Operator
Payment instrument
Access point
Bank branch
Sending network coverage
High
Receiving method
High
0.000.00
1.12
Percentage difference between market reference rate 57.00 and exchange rate charged 56.36
1.12
1.121.12
2.912.24
InstaReM
Firm type: Money Transfer Operator
Payment instrument
Access point
Internet
Sending network coverage
High
Receiving method
High
2.491.92
0.20
Percentage difference between market reference rate 56.93 and exchange rate charged 56.81
0.20
1.161.16
3.022.32
Western Union
Firm type: Money Transfer Operator
Payment instrument
Access point
Agent
Sending network coverage
High
Receiving method
Agent
High
3.002.31
0.07
Percentage difference between market reference rate 57.55 and exchange rate charged 57.51
0.07
1.231.23
3.202.46
Western Union
Firm type: Money Transfer Operator
Payment instrument
Access point
Internet
Sending network coverage
High
Receiving method
Agent
High
0.000.00
1.32
Percentage difference between market reference rate 57.55 and exchange rate charged 56.79
1.32
1.321.32
3.432.64
MoneyGram
Firm type: Money Transfer Operator
Payment instrument
Access point
Internet
Sending network coverage
High
Receiving method
Agent
High
3.002.31
0.20
Percentage difference between market reference rate 56.96 and exchange rate charged 56.85
0.20
1.361.36
3.542.72
MoneyGram
Firm type: Money Transfer Operator
Payment instrument
Access point
Agent
Sending network coverage
High
Receiving method
Agent
High
3.002.31
0.44
Percentage difference between market reference rate 56.95 and exchange rate charged 56.70
0.44
1.591.59
4.133.18
Singtel Dash
Firm type: Mobile Operator
Payment instrument
Access point
Mobile phone
Sending network coverage
High
Receiving method
High
3.502.69
0.34
Percentage difference between market reference rate 57.15 and exchange rate charged 56.95
0.34
1.691.69
4.393.38
State Bank of India
Firm type: Bank
Payment instrument
Access point
Bank branch
Sending network coverage
High
Receiving method
High
1.000.77
1.31
Percentage difference between market reference rate 57.13 and exchange rate charged 56.38
1.31
1.701.70
4.423.40
Prime Bank (Prime Exchange Co.)
Firm type: Bank
Payment instrument
Access point
Bank branch
Sending network coverage
Low
Receiving method
High
2.001.54
0.98
Percentage difference between market reference rate 56.76 and exchange rate charged 56.20
0.98
1.751.75
4.553.50
BOSS Mobile Money
Firm type: Mobile Operator
Payment instrument
Access point
Mobile phone
Sending network coverage
High
Receiving method
Agent
High
3.002.31
0.72
Percentage difference between market reference rate 56.98 and exchange rate charged 56.57
0.72
1.871.87
4.863.74
BOSS Mobile Money
Firm type: Mobile Operator
Payment instrument
Access point
Mobile phone
Sending network coverage
High
Receiving method
High
3.002.31
0.74
Percentage difference between market reference rate 56.99 and exchange rate charged 56.57
0.74
1.891.89
4.913.78
Tik FX
Firm type: Bank
Payment instrument
Access point
Internet
Sending network coverage
High
Receiving method
High
5.003.85
0.31
Percentage difference between market reference rate 57.14 and exchange rate charged 56.97
0.31
2.232.23
5.804.46
Ample Transfer
Firm type: Money Transfer Operator
Payment instrument
Access point
Agent
Sending network coverage
Low
Receiving method
Agent
High
5.003.85
0.35
Percentage difference between market reference rate 56.80 and exchange rate charged 56.60
0.35
2.282.28
5.934.56
Indian Overseas Bank
Firm type: Bank
Payment instrument
Access point
Bank branch
Sending network coverage
Medium
Receiving method
High
5.003.85
0.37
Percentage difference between market reference rate 57.01 and exchange rate charged 56.80
0.37
2.292.29
5.954.58
Ample Transfer
Firm type: Money Transfer Operator
Payment instrument
Access point
Agent
Sending network coverage
Low
Receiving method
High
5.003.85
0.69
Percentage difference between market reference rate 56.99 and exchange rate charged 56.60
0.69
2.612.61
6.795.22
Bank of India
Firm type: Bank
Payment instrument
Access point
Bank branch
Sending network coverage
Low
Receiving method
High
5.003.85
1.01
Percentage difference between market reference rate 56.98 and exchange rate charged 56.40
1.01
2.942.94
7.645.88
Remitly
Firm type: Money Transfer Operator
Payment instrument
Access point
Internet
Sending network coverage
High
Receiving method
High
3.993.07
1.50
Percentage difference between market reference rate 56.92 and exchange rate charged 56.07
1.50
3.033.03
7.886.06
Remitly
Firm type: Money Transfer Operator
Payment instrument
Access point
Internet
Sending network coverage
High
Receiving method
High
3.993.07
1.93
Percentage difference between market reference rate 57.18 and exchange rate charged 56.08
1.93
3.463.46
9.006.92
MoneyGram
Firm type: Money Transfer Operator
Payment instrument
Access point
Internet
Sending network coverage
High
Receiving method
High
10.808.31
-0.10
Percentage difference between market reference rate 56.96 and exchange rate charged 57.02
-0.10
4.054.05
10.538.10
MoneyGram
Firm type: Money Transfer Operator
Payment instrument
Access point
Internet
Sending network coverage
High
Receiving method
Agent
High
10.808.31
0.20
Percentage difference between market reference rate 56.96 and exchange rate charged 56.85
0.20
4.364.36
11.348.72
Remitly
Firm type: Money Transfer Operator
Payment instrument
Access point
Internet
Sending network coverage
High
Receiving method
High
11.799.07
1.50
Percentage difference between market reference rate 56.92 and exchange rate charged 56.07
1.50
6.036.03
15.6812.06
Total Average Third Quarter 2022
2.102.10
Total Average Second Quarter 2022
2.842.84
Total Average
Fee
3.682.83
Exchange Rate Margin (%)
0.690.69
Total Cost Percent (%)
2.102.10
Total Cost (SGD) Total Cost (USD)
5.464.20
Non-Transparent records
Bank account transfer Credit Card Debit card Mobile money Cash
Less than one hour Same day Next day 2 days 3-5 days
Bank account Cash
Payment instrument
Access point
Sending network coverage
Receiving method
MoneyGram
Firm type: Money Transfer Operator
Payment instrument
Access point
Internet
Sending network coverage
High
Receiving method
High
3.002.33
-0.10
Percentage difference between market reference rate 56.96 and exchange rate charged 57.02
-0.10
0.370.37
2.391.85
InstaReM
Firm type: Money Transfer Operator
Payment instrument
Access point
Internet
Sending network coverage
High
Receiving method
High
2.582.00
0.20
Percentage difference between market reference rate 56.93 and exchange rate charged 56.81
0.20
0.600.60
3.873.00
MoneyGram
Firm type: Money Transfer Operator
Payment instrument
Access point
Internet
Sending network coverage
High
Receiving method
Agent
High
3.002.33
0.20
Percentage difference between market reference rate 56.96 and exchange rate charged 56.85
0.20
0.670.67
4.323.35
Western Union
Firm type: Money Transfer Operator
Payment instrument
Access point
Agent
Sending network coverage
High
Receiving method
Agent
High
4.003.10
0.07
Percentage difference between market reference rate 57.55 and exchange rate charged 57.51
0.07
0.690.69
4.453.45
Wise
Firm type: Money Transfer Operator
Payment instrument
Access point
Internet
Sending network coverage
High
Receiving method
High
4.723.66
-0.01
Percentage difference between market reference rate 56.97 and exchange rate charged 56.97
-0.01
0.720.72
4.643.60
State Bank of India
Firm type: Bank
Payment instrument
Access point
Internet
Sending network coverage
High
Receiving method
High
0.000.00
0.79
Percentage difference between market reference rate 57.23 and exchange rate charged 56.78
0.79
0.790.79
5.103.95
Singtel Dash
Firm type: Mobile Operator
Payment instrument
Access point
Mobile phone
Sending network coverage
High
Receiving method
High
3.502.71
0.34
Percentage difference between market reference rate 57.15 and exchange rate charged 56.95
0.34
0.880.88
5.684.40
MoneyGram
Firm type: Money Transfer Operator
Payment instrument
Access point
Agent
Sending network coverage
High
Receiving method
Agent
High
3.002.33
0.44
Percentage difference between market reference rate 56.95 and exchange rate charged 56.70
0.44
0.900.90
5.814.50
SC Remit
Firm type: Money Transfer Operator
Payment instrument
Access point
Internet
Sending network coverage
High
Receiving method
High
0.000.00
0.91
Percentage difference between market reference rate 57.33 and exchange rate charged 56.81
0.91
0.910.91
5.874.55
Tik FX
Firm type: Bank
Payment instrument
Access point
Internet
Sending network coverage
High
Receiving method
High
5.003.88
0.31
Percentage difference between market reference rate 57.14 and exchange rate charged 56.97
0.31
1.081.08
6.975.40
DBS Remit
Firm type: Money Transfer Operator
Payment instrument
Access point
Call Center, Internet
Sending network coverage
High
Receiving method
High
0.000.00
1.09
Percentage difference between market reference rate 56.98 and exchange rate charged 56.36
1.09
1.091.09
7.035.45
DBS Remit
Firm type: Money Transfer Operator
Payment instrument
Access point
Bank branch
Sending network coverage
High
Receiving method
High
0.000.00
1.12
Percentage difference between market reference rate 57.00 and exchange rate charged 56.36
1.12
1.121.12
7.225.60
Ample Transfer
Firm type: Money Transfer Operator
Payment instrument
Access point
Agent
Sending network coverage
Low
Receiving method
Agent
High
5.003.88
0.35
Percentage difference between market reference rate 56.80 and exchange rate charged 56.60
0.35
1.131.13
7.295.65
Indian Overseas Bank
Firm type: Bank
Payment instrument
Access point
Bank branch
Sending network coverage
Medium
Receiving method
High
5.003.88
0.37
Percentage difference between market reference rate 57.01 and exchange rate charged 56.80
0.37
1.141.14
7.355.70
BOSS Mobile Money
Firm type: Mobile Operator
Payment instrument
Access point
Mobile phone
Sending network coverage
High
Receiving method
Agent
High
3.002.33
0.72
Percentage difference between market reference rate 56.98 and exchange rate charged 56.57
0.72
1.181.18
7.615.90
BOSS Mobile Money
Firm type: Mobile Operator
Payment instrument
Access point
Mobile phone
Sending network coverage
High
Receiving method
High
3.002.33
0.74
Percentage difference between market reference rate 56.99 and exchange rate charged 56.57
0.74
1.201.20
7.746.00
Prime Bank (Prime Exchange Co.)
Firm type: Bank
Payment instrument
Access point
Bank branch
Sending network coverage
Low
Receiving method
High
2.001.55
0.98
Percentage difference between market reference rate 56.76 and exchange rate charged 56.20
0.98
1.291.29
8.326.45
Western Union
Firm type: Money Transfer Operator
Payment instrument
Access point
Internet
Sending network coverage
High
Receiving method
Agent
High
0.000.00
1.32
Percentage difference between market reference rate 57.55 and exchange rate charged 56.79
1.32
1.321.32
8.516.60
Ample Transfer
Firm type: Money Transfer Operator
Payment instrument
Access point
Agent
Sending network coverage
Low
Receiving method
High
5.003.88
0.69
Percentage difference between market reference rate 56.99 and exchange rate charged 56.60
0.69
1.471.47
9.487.35
State Bank of India
Firm type: Bank
Payment instrument
Access point
Bank branch
Sending network coverage
High
Receiving method
High
1.000.78
1.31
Percentage difference between market reference rate 57.13 and exchange rate charged 56.38
1.31
1.471.47
9.487.35
Bank of India
Firm type: Bank
Payment instrument
Access point
Bank branch
Sending network coverage
Low
Receiving method
High
5.003.88
1.01
Percentage difference between market reference rate 56.98 and exchange rate charged 56.40
1.01
1.791.79
11.558.95
Remitly
Firm type: Money Transfer Operator
Payment instrument
Access point
Internet
Sending network coverage
High
Receiving method
High
3.993.09
1.50
Percentage difference between market reference rate 56.92 and exchange rate charged 56.07
1.50
2.122.12
13.6710.60
Remitly
Firm type: Money Transfer Operator
Payment instrument
Access point
Internet
Sending network coverage
High
Receiving method
High
3.993.09
1.93
Percentage difference between market reference rate 57.18 and exchange rate charged 56.08
1.93
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
-0.10
Percentage difference between market reference rate 56.96 and exchange rate charged 57.02
-0.10
3.373.37
21.7416.85
MoneyGram
Firm type: Money Transfer Operator
Payment instrument
Access point
Internet
Sending network coverage
High
Receiving method
Agent
High
22.3517.33
0.20
Percentage difference between market reference rate 56.96 and exchange rate charged 56.85
0.20
3.673.67
23.6718.35
Remitly
Firm type: Money Transfer Operator
Payment instrument
Access point
Internet
Sending network coverage
High
Receiving method
High
23.3418.09
1.50
Percentage difference between market reference rate 56.92 and exchange rate charged 56.07
1.50
5.125.12
33.0225.60
Total Average Third Quarter 2022
1.491.49
Total Average Second Quarter 2022
1.961.96
Total Average
Fee
5.153.99
Exchange Rate Margin (%)
0.690.69
Total Cost Percent (%)
1.491.49
Total Cost (SGD) Total Cost (USD)
9.587.43
Non-Transparent records
Bank account transfer Credit Card Debit card Mobile money Cash
Less than one hour Same day Next day 2 days 3-5 days
Bank account Cash