Remittance Prices Worldwide

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Sending money from SINGAPORE to INDIA

Data collected on: Jan 25, 2024-Feb 29, 2024
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)Total cost (USD)
The total cost of sending a remittance transfer includes: the fee charged to the sender plus the exchange rate margin.
Prime Bank (Prime Exchange Co.)
Firm type: Bank
Payment instrument
Access point
Bank branch
Sending network coverage
Low
Receiving method
High
0.000.00
1.10
Percentage difference between market reference rate 61.68 and exchange rate charged 61.00
1.10
1.101.10
2.862.20
State Bank of India
Firm type: Bank
Payment instrument
Access point
Internet
Sending network coverage
High
Receiving method
High
0.000.00
0.57
Percentage difference between market reference rate 61.68 and exchange rate charged 61.33
0.57
0.570.57
1.481.14
MoneyGram
Firm type: Money Transfer Operator
Payment instrument
Access point
Internet
Sending network coverage
High
Receiving method
High
3.002.31
0.15
Percentage difference between market reference rate 61.64 and exchange rate charged 61.55
0.15
1.301.30
3.382.60
MoneyGram
Firm type: Money Transfer Operator
Payment instrument
Access point
Internet
Sending network coverage
High
Receiving method
High
10.808.31
0.15
Percentage difference between market reference rate 61.64 and exchange rate charged 61.55
0.15
4.304.30
11.188.60
MoneyGram
Firm type: Money Transfer Operator
Payment instrument
Access point
Internet
Sending network coverage
High
Receiving method
High
3.002.31
0.45
Percentage difference between market reference rate 61.64 and exchange rate charged 61.36
0.45
1.601.60
4.163.20
MoneyGram
Firm type: Money Transfer Operator
Payment instrument
Access point
Internet
Sending network coverage
High
Receiving method
High
10.808.31
0.45
Percentage difference between market reference rate 61.64 and exchange rate charged 61.36
0.45
4.604.60
11.969.20
Western Union
Firm type: Money Transfer Operator
Payment instrument
Access point
Internet
Sending network coverage
High
Receiving method
High
3.502.69
0.04
Percentage difference between market reference rate 62.03 and exchange rate charged 62.01
0.04
1.391.39
3.612.78
Western Union
Firm type: Money Transfer Operator
Payment instrument
Access point
Internet
Sending network coverage
High
Receiving method
High
3.502.69
0.04
Percentage difference between market reference rate 62.03 and exchange rate charged 62.01
0.04
1.391.39
3.612.78
Ample Transfer
Firm type: Money Transfer Operator
Payment instrument
Access point
Agent
Sending network coverage
Low
Receiving method
Agent
High
5.003.85
0.52
Percentage difference between market reference rate 61.72 and exchange rate charged 61.40
0.52
2.442.44
6.344.88
SC Remit
Firm type: Money Transfer Operator
Payment instrument
Access point
Internet
Sending network coverage
High
Receiving method
High
0.000.00
0.84
Percentage difference between market reference rate 61.69 and exchange rate charged 61.17
0.84
0.840.84
2.181.68
DBS Remit
Firm type: Money Transfer Operator
Payment instrument
Access point
Internet
Sending network coverage
High
Receiving method
High
0.000.00
1.04
Percentage difference between market reference rate 61.68 and exchange rate charged 61.04
1.04
1.041.04
2.702.08
DBS Remit
Firm type: Money Transfer Operator
Payment instrument
Access point
Call Center
Sending network coverage
High
Receiving method
High
0.000.00
1.04
Percentage difference between market reference rate 61.68 and exchange rate charged 61.04
1.04
1.041.04
2.702.08
DBS Remit
Firm type: Money Transfer Operator
Payment instrument
Access point
Bank branch
Sending network coverage
High
Receiving method
High
0.000.00
1.04
Percentage difference between market reference rate 61.68 and exchange rate charged 61.04
1.04
1.041.04
2.702.08
Singtel Dash
Firm type: Mobile Operator
Payment instrument
Access point
Mobile phone
Sending network coverage
High
Receiving method
High
3.502.69
0.41
Percentage difference between market reference rate 61.68 and exchange rate charged 61.43
0.41
1.761.76
4.583.52
Wise
Firm type: Money Transfer Operator
Payment instrument
Access point
Internet
Sending network coverage
High
Receiving method
High
1.981.52
0.00
Percentage difference between market reference rate 61.70 and exchange rate charged 61.71
0.00
0.760.76
1.981.52
Ample Transfer
Firm type: Money Transfer Operator
Payment instrument
Access point
Agent
Sending network coverage
Low
Receiving method
High
5.003.85
0.52
Percentage difference between market reference rate 61.72 and exchange rate charged 61.40
0.52
2.442.44
6.344.88
MoneyGram
Firm type: Money Transfer Operator
Payment instrument
Access point
Agent
Sending network coverage
High
Receiving method
Agent
High
3.002.31
0.14
Percentage difference between market reference rate 61.65 and exchange rate charged 61.56
0.14
1.291.29
3.352.58
Western Union
Firm type: Money Transfer Operator
Payment instrument
Access point
Agent
Sending network coverage
High
Receiving method
High
3.002.31
0.39
Percentage difference between market reference rate 62.03 and exchange rate charged 61.79
0.39
1.541.54
4.003.08
Indian Overseas Bank
Firm type: Bank
Payment instrument
Access point
Bank branch
Sending network coverage
Medium
Receiving method
High
5.003.85
0.71
Percentage difference between market reference rate 61.74 and exchange rate charged 61.30
0.71
2.632.63
6.845.26
Bank of India
Firm type: Bank
Payment instrument
Access point
Bank branch
Sending network coverage
Low
Receiving method
High
5.003.85
1.52
Percentage difference between market reference rate 61.74 and exchange rate charged 60.80
1.52
3.443.44
8.946.88
State Bank of India
Firm type: Bank
Payment instrument
Access point
Bank branch
Sending network coverage
High
Receiving method
High
5.003.85
0.60
Percentage difference between market reference rate 61.66 and exchange rate charged 61.29
0.60
2.522.52
6.555.04
Tik FX
Firm type: Bank
Payment instrument
Access point
Internet
Sending network coverage
High
Receiving method
High
5.003.85
0.79
Percentage difference between market reference rate 61.70 and exchange rate charged 61.21
0.79
2.712.71
7.055.42
DBS
Firm type: Bank
Payment instrument
Access point
Internet
Sending network coverage
High
Receiving method
Medium
25.0019.23
0.86
Percentage difference between market reference rate 0.74 and exchange rate charged 0.74
0.86
10.4810.48
27.2520.96
Remitly
Firm type: Money Transfer Operator
Payment instrument
Access point
Internet
Sending network coverage
High
Receiving method
High
3.993.07
1.06
Percentage difference between market reference rate 61.65 and exchange rate charged 61.00
1.06
2.592.59
6.735.18
Remitly
Firm type: Money Transfer Operator
Payment instrument
Access point
Internet
Sending network coverage
High
Receiving method
High
3.993.07
1.06
Percentage difference between market reference rate 61.65 and exchange rate charged 61.00
1.06
2.592.59
6.735.18
Remitly
Firm type: Money Transfer Operator
Payment instrument
Access point
Internet
Sending network coverage
High
Receiving method
High
11.799.07
1.06
Percentage difference between market reference rate 61.65 and exchange rate charged 61.00
1.06
5.595.59
14.5311.18
Remitly
Firm type: Money Transfer Operator
Payment instrument
Access point
Internet
Sending network coverage
High
Receiving method
High
11.799.07
1.06
Percentage difference between market reference rate 61.65 and exchange rate charged 61.00
1.06
5.595.59
14.5311.18
InstaReM
Firm type: Money Transfer Operator
Payment instrument
Access point
Internet
Sending network coverage
High
Receiving method
High
1.511.16
0.11
Percentage difference between market reference rate 61.72 and exchange rate charged 61.65
0.11
0.690.69
1.791.38
Total Average First Quarter
2.472.47
Total Average Fourth Quarter 2023
2.622.62
Total Average
Fee
4.793.69
Exchange Rate Margin (%)
0.630.63
Total Cost Percent (%)
2.472.47
Total Cost (SGD) Total Cost (USD)
6.434.95
Non-Transparent records
Bank account transfer Credit Card Debit card Mobile money Cash
Less than one hour Same day Next day 2 days
Bank account Cash
Payment instrument
Access point
Sending network coverage
Receiving method
Prime Bank (Prime Exchange Co.)
Firm type: Bank
Payment instrument
Access point
Bank branch
Sending network coverage
Low
Receiving method
High
0.000.00
1.10
Percentage difference between market reference rate 61.68 and exchange rate charged 61.00
1.10
1.101.10
7.105.50
State Bank of India
Firm type: Bank
Payment instrument
Access point
Internet
Sending network coverage
High
Receiving method
High
0.000.00
0.57
Percentage difference between market reference rate 61.68 and exchange rate charged 61.33
0.57
0.570.57
3.682.85
MoneyGram
Firm type: Money Transfer Operator
Payment instrument
Access point
Internet
Sending network coverage
High
Receiving method
High
3.002.33
0.15
Percentage difference between market reference rate 61.64 and exchange rate charged 61.55
0.15
0.620.62
4.003.10
MoneyGram
Firm type: Money Transfer Operator
Payment instrument
Access point
Internet
Sending network coverage
High
Receiving method
High
22.3517.33
0.15
Percentage difference between market reference rate 61.64 and exchange rate charged 61.55
0.15
3.623.62
23.3518.10
MoneyGram
Firm type: Money Transfer Operator
Payment instrument
Access point
Internet
Sending network coverage
High
Receiving method
High
3.002.33
0.45
Percentage difference between market reference rate 61.64 and exchange rate charged 61.36
0.45
0.920.92
5.934.60
MoneyGram
Firm type: Money Transfer Operator
Payment instrument
Access point
Internet
Sending network coverage
High
Receiving method
High
22.3517.33
0.45
Percentage difference between market reference rate 61.64 and exchange rate charged 61.36
0.45
3.923.92
25.2819.60
Western Union
Firm type: Money Transfer Operator
Payment instrument
Access point
Internet
Sending network coverage
High
Receiving method
High
3.502.71
0.04
Percentage difference between market reference rate 62.03 and exchange rate charged 62.01
0.04
0.580.58
3.742.90
Western Union
Firm type: Money Transfer Operator
Payment instrument
Access point
Internet
Sending network coverage
High
Receiving method
High
3.502.71
0.04
Percentage difference between market reference rate 62.03 and exchange rate charged 62.01
0.04
0.580.58
3.742.90
Ample Transfer
Firm type: Money Transfer Operator
Payment instrument
Access point
Agent
Sending network coverage
Low
Receiving method
Agent
High
5.003.88
0.52
Percentage difference between market reference rate 61.72 and exchange rate charged 61.40
0.52
1.301.30
8.396.50
SC Remit
Firm type: Money Transfer Operator
Payment instrument
Access point
Internet
Sending network coverage
High
Receiving method
High
0.000.00
0.84
Percentage difference between market reference rate 61.69 and exchange rate charged 61.17
0.84
0.840.84
5.424.20
DBS Remit
Firm type: Money Transfer Operator
Payment instrument
Access point
Internet
Sending network coverage
High
Receiving method
High
0.000.00
1.04
Percentage difference between market reference rate 61.68 and exchange rate charged 61.04
1.04
1.041.04
6.715.20
DBS Remit
Firm type: Money Transfer Operator
Payment instrument
Access point
Call Center
Sending network coverage
High
Receiving method
High
0.000.00
1.04
Percentage difference between market reference rate 61.68 and exchange rate charged 61.04
1.04
1.041.04
6.715.20
DBS Remit
Firm type: Money Transfer Operator
Payment instrument
Access point
Bank branch
Sending network coverage
High
Receiving method
High
0.000.00
1.04
Percentage difference between market reference rate 61.68 and exchange rate charged 61.04
1.04
1.041.04
6.715.20
Singtel Dash
Firm type: Mobile Operator
Payment instrument
Access point
Mobile phone
Sending network coverage
High
Receiving method
High
3.502.71
0.41
Percentage difference between market reference rate 61.68 and exchange rate charged 61.43
0.41
0.950.95
6.134.75
Wise
Firm type: Money Transfer Operator
Payment instrument
Access point
Internet
Sending network coverage
High
Receiving method
High
4.213.26
0.00
Percentage difference between market reference rate 61.70 and exchange rate charged 61.71
0.00
0.650.65
4.193.25
Ample Transfer
Firm type: Money Transfer Operator
Payment instrument
Access point
Agent
Sending network coverage
Low
Receiving method
High
5.003.88
0.52
Percentage difference between market reference rate 61.72 and exchange rate charged 61.40
0.52
1.301.30
8.396.50
MoneyGram
Firm type: Money Transfer Operator
Payment instrument
Access point
Agent
Sending network coverage
High
Receiving method
Agent
High
3.002.33
0.14
Percentage difference between market reference rate 61.65 and exchange rate charged 61.56
0.14
0.610.61
3.933.05
Western Union
Firm type: Money Transfer Operator
Payment instrument
Access point
Agent
Sending network coverage
High
Receiving method
High
3.002.33
0.39
Percentage difference between market reference rate 62.03 and exchange rate charged 61.79
0.39
0.860.86
5.554.30
Indian Overseas Bank
Firm type: Bank
Payment instrument
Access point
Bank branch
Sending network coverage
Medium
Receiving method
High
5.003.88
0.71
Percentage difference between market reference rate 61.74 and exchange rate charged 61.30
0.71
1.491.49
9.617.45
Bank of India
Firm type: Bank
Payment instrument
Access point
Bank branch
Sending network coverage
Low
Receiving method
High
5.003.88
1.52
Percentage difference between market reference rate 61.74 and exchange rate charged 60.80
1.52
2.302.30
14.8411.50
State Bank of India
Firm type: Bank
Payment instrument
Access point
Bank branch
Sending network coverage
High
Receiving method
High
5.003.88
0.60
Percentage difference between market reference rate 61.66 and exchange rate charged 61.29
0.60
1.381.38
8.906.90
Tik FX
Firm type: Bank
Payment instrument
Access point
Internet
Sending network coverage
High
Receiving method
High
5.003.88
0.79
Percentage difference between market reference rate 61.70 and exchange rate charged 61.21
0.79
1.571.57
10.137.85
DBS
Firm type: Bank
Payment instrument
Access point
Internet
Sending network coverage
High
Receiving method
Medium
25.0019.38
0.86
Percentage difference between market reference rate 0.74 and exchange rate charged 0.74
0.86
4.744.74
30.5723.70
Remitly
Firm type: Money Transfer Operator
Payment instrument
Access point
Internet
Sending network coverage
High
Receiving method
High
3.993.09
1.06
Percentage difference between market reference rate 61.65 and exchange rate charged 61.00
1.06
1.681.68
10.848.40
Remitly
Firm type: Money Transfer Operator
Payment instrument
Access point
Internet
Sending network coverage
High
Receiving method
High
3.993.09
1.06
Percentage difference between market reference rate 61.65 and exchange rate charged 61.00
1.06
1.681.68
10.848.40
Remitly
Firm type: Money Transfer Operator
Payment instrument
Access point
Internet
Sending network coverage
High
Receiving method
High
23.3418.09
1.06
Percentage difference between market reference rate 61.65 and exchange rate charged 61.00
1.06
4.684.68
30.1923.40
Remitly
Firm type: Money Transfer Operator
Payment instrument
Access point
Internet
Sending network coverage
High
Receiving method
High
23.3418.09
1.06
Percentage difference between market reference rate 61.65 and exchange rate charged 61.00
1.06
4.684.68
30.1923.40
InstaReM
Firm type: Money Transfer Operator
Payment instrument
Access point
Internet
Sending network coverage
High
Receiving method
High
3.742.90
0.11
Percentage difference between market reference rate 61.72 and exchange rate charged 61.65
0.11
0.690.69
4.453.45
Total Average First Quarter
1.661.66
Total Average Fourth Quarter 2023
1.791.79
Total Average
Fee
6.605.12
Exchange Rate Margin (%)
0.630.63
Total Cost Percent (%)
1.661.66
Total Cost (SGD) Total Cost (USD)
10.708.29
Non-Transparent records
Bank account transfer Credit Card Debit card Mobile money Cash
Less than one hour Same day Next day 2 days
Bank account Cash