Remittance Prices Worldwide

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Sending money from SINGAPORE to INDIA

Data collected on: Feb 05, 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
1.56
Exchange rate margin(%)
0.09
Percentage difference between market reference rate 64.73 and exchange rate charged 64.67
Total cost (%)
0.69
Total cost (SGD)sort descending
1.79
Firm
DBS Remit
Firm type: Money Transfer Operator
 
Payment instrument
Access point
Bank branch
Sending network coverage
High 
Transfer speed
Receiving method
Agent
Disbursing network coverage
High 
Fee
Exchange rate margin(%)
0.71
Percentage difference between market reference rate 64.88 and exchange rate charged 64.42
Total cost (%)
0.71
Total cost (SGD)sort descending
1.85
Firm
DBS Remit
Firm type: Money Transfer Operator
 
Payment instrument
Access point
Call Center
Sending network coverage
High 
Transfer speed
Receiving method
Agent
Disbursing network coverage
High 
Fee
Exchange rate margin(%)
0.71
Percentage difference between market reference rate 64.88 and exchange rate charged 64.42
Total cost (%)
0.71
Total cost (SGD)sort descending
1.85
Firm
State Bank of India
Firm type: Bank
 
Payment instrument
Access point
Internet
Sending network coverage
High 
Transfer speed
Receiving method
Agent
Disbursing network coverage
High 
Fee
Exchange rate margin(%)
0.71
Percentage difference between market reference rate 64.74 and exchange rate charged 64.28
Total cost (%)
0.71
Total cost (SGD)sort descending
1.85
Firm
DBS Remit
Firm type: Money Transfer Operator
 
Payment instrument
Access point
Internet
Sending network coverage
High 
Transfer speed
Receiving method
Agent
Disbursing network coverage
High 
Fee
Exchange rate margin(%)
0.73
Percentage difference between market reference rate 64.90 and exchange rate charged 64.42
Total cost (%)
0.73
Total cost (SGD)sort descending
1.90
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
2.15
Exchange rate margin(%)
-0.02
Percentage difference between market reference rate 64.78 and exchange rate charged 64.79
Total cost (%)
0.81
Total cost (SGD)sort descending
2.11
Firm
SC Remit
Firm type: Money Transfer Operator
 
Payment instrument
Access point
Internet
Sending network coverage
High 
Transfer speed
Receiving method
Agent
Disbursing network coverage
High 
Fee
Exchange rate margin(%)
0.94
Percentage difference between market reference rate 64.79 and exchange rate charged 64.18
Total cost (%)
0.94
Total cost (SGD)sort descending
2.44
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
Exchange rate margin(%)
1.01
Percentage difference between market reference rate 64.81 and exchange rate charged 64.15
Total cost (%)
1.01
Total cost (SGD)sort descending
2.63
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(%)
0.23
Percentage difference between market reference rate 64.76 and exchange rate charged 64.61
Total cost (%)
1.38
Total cost (SGD)sort descending
3.59
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(%)
0.38
Percentage difference between market reference rate 64.71 and exchange rate charged 64.46
Total cost (%)
1.53
Total cost (SGD)sort descending
3.98
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(%)
0.40
Percentage difference between market reference rate 64.80 and exchange rate charged 64.54
Total cost (%)
1.55
Total cost (SGD)sort descending
4.03
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(%)
0.53
Percentage difference between market reference rate 64.76 and exchange rate charged 64.42
Total cost (%)
1.68
Total cost (SGD)sort descending
4.37
Firm
Singtel Dash
Firm type: Mobile Operator
 
Payment instrument
Access point
Mobile phone
Sending network coverage
High 
Transfer speed
Receiving method
Agent
Disbursing network coverage
High 
Fee
3.50
Exchange rate margin(%)
0.36
Percentage difference between market reference rate 64.69 and exchange rate charged 64.46
Total cost (%)
1.71
Total cost (SGD)sort descending
4.45
Firm
Bank of India
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(%)
0.54
Percentage difference between market reference rate 64.75 and exchange rate charged 64.40
Total cost (%)
2.46
Total cost (SGD)sort descending
6.40
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(%)
0.34
Percentage difference between market reference rate 64.71 and exchange rate charged 64.49
Total cost (%)
2.65
Total cost (SGD)sort descending
6.89
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(%)
0.34
Percentage difference between market reference rate 64.71 and exchange rate charged 64.49
Total cost (%)
2.65
Total cost (SGD)sort descending
6.89
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(%)
0.82
Percentage difference between market reference rate 64.78 and exchange rate charged 64.25
Total cost (%)
2.74
Total cost (SGD)sort descending
7.12
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
3.99
Exchange rate margin(%)
1.27
Percentage difference between market reference rate 64.75 and exchange rate charged 63.93
Total cost (%)
2.80
Total cost (SGD)sort descending
7.28
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
3.99
Exchange rate margin(%)
1.27
Percentage difference between market reference rate 64.75 and exchange rate charged 63.93
Total cost (%)
2.80
Total cost (SGD)sort descending
7.28
Firm
Indian Overseas Bank
Firm type: Bank
 
Payment instrument
Access point
Bank branch
Sending network coverage
Medium 
Transfer speed
Receiving method
Agent
Disbursing network coverage
High 
Fee
5.00
Exchange rate margin(%)
0.90
Percentage difference between market reference rate 64.79 and exchange rate charged 64.20
Total cost (%)
2.82
Total cost (SGD)sort descending
7.33
Firm
Skrill
Firm type: Money Transfer Operator
 
Payment instrument
Access point
Internet
Sending network coverage
High 
Transfer speed
Receiving method
Agent
Disbursing network coverage
Medium 
Fee
Exchange rate margin(%)
2.97
Percentage difference between market reference rate 64.43 and exchange rate charged 62.51
Total cost (%)
2.97
Total cost (SGD)sort descending
7.72
Firm
Skrill
Firm type: Money Transfer Operator
 
Payment instrument
Access point
Internet
Sending network coverage
High 
Transfer speed
Receiving method
Agent
Disbursing network coverage
Medium 
Fee
Exchange rate margin(%)
2.97
Percentage difference between market reference rate 64.43 and exchange rate charged 62.51
Total cost (%)
2.97
Total cost (SGD)sort descending
7.72
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
5.00
Exchange rate margin(%)
1.51
Percentage difference between market reference rate 64.78 and exchange rate charged 63.80
Total cost (%)
3.43
Total cost (SGD)sort descending
8.92
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
5.00
Exchange rate margin(%)
1.51
Percentage difference between market reference rate 64.78 and exchange rate charged 63.80
Total cost (%)
3.43
Total cost (SGD)sort descending
8.92
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(%)
0.23
Percentage difference between market reference rate 64.76 and exchange rate charged 64.61
Total cost (%)
4.38
Total cost (SGD)sort descending
11.39
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(%)
0.53
Percentage difference between market reference rate 64.76 and exchange rate charged 64.42
Total cost (%)
4.68
Total cost (SGD)sort descending
12.17
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
11.79
Exchange rate margin(%)
1.27
Percentage difference between market reference rate 64.75 and exchange rate charged 63.93
Total cost (%)
5.80
Total cost (SGD)sort descending
15.08
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
11.79
Exchange rate margin(%)
1.27
Percentage difference between market reference rate 64.75 and exchange rate charged 63.93
Total cost (%)
5.80
Total cost (SGD)sort descending
15.08
Firm
DBS
Firm type: Bank
 
Payment instrument
Access point
Internet
Sending network coverage
High 
Transfer speed
Receiving method
Agent
Disbursing network coverage
Medium 
Fee
25.00
Exchange rate margin(%)
0.83
Percentage difference between market reference rate 0.75 and exchange rate charged 0.74
Total cost (%)
10.45
Total cost (SGD)sort descending
27.17
Total Average First Quarter 2025
2.65
Total Average Fourth Quarter 2024
2.67
Total Average
Fee
4.63
Exchange Rate Margin (%)
0.87
Total Cost Percent (%)
2.65
Total Cost (SGD)
6.90
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