Remittance Prices Worldwide

MAKING MARKETS MORE TRANSPARENT

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Transfer money

Sending money from TANZANIA to UGANDA

Data collected on: Aug 19, 2024-Sep 02, 2024
TZS | 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 (TZS)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
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
17,110.0010.55
Exchange rate margin (%)
4.19
Percentage difference between market reference rate 1.37 and exchange rate charged 1.324.19
Total cost (%)
9.469.46
Total cost (TZS)sort descendingTotal cost (USD)sort descending
30,697.7018.92
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
7,654.004.72
Exchange rate margin (%)
7.19
Percentage difference between market reference rate 1.37 and exchange rate charged 1.277.19
Total cost (%)
9.559.55
Total cost (TZS)sort descendingTotal cost (USD)sort descending
30,989.7519.10
Firm
Cooperative Rural Development Bank (CRDB)
Firm type: Bank
 
Payment instrument
Access point
Internet
Sending network coverage
High
Transfer speed
Receiving method
Disbursing network coverage
Medium
Fee
161,070.0099.27
Exchange rate margin (%)
6.44
Percentage difference between market reference rate 1.37 and exchange rate charged 1.286.44
Total cost (%)
56.0856.08
Total cost (TZS)sort descendingTotal cost (USD)sort descending
181,979.60112.16
Firm
Cooperative Rural Development Bank (CRDB)
Firm type: Bank
 
Payment instrument
Access point
Bank branch
Sending network coverage
Medium
Transfer speed
Receiving method
Disbursing network coverage
Medium
Fee
161,070.0099.27
Exchange rate margin (%)
6.70
Percentage difference between market reference rate 1.37 and exchange rate charged 1.286.70
Total cost (%)
56.3456.34
Total cost (TZS)sort descendingTotal cost (USD)sort descending
182,823.30112.68
Firm
NMB (National Microfinance Bank)
Firm type: Non-Bank FI
 
Payment instrument
Access point
Bank branch
Sending network coverage
Low
Transfer speed
Receiving method
Disbursing network coverage
High
Fee
164,100.00101.14
Exchange rate margin (%)
20.67
Percentage difference between market reference rate 1.37 and exchange rate charged 1.0920.67
Total cost (%)
71.2471.24
Total cost (TZS)sort descendingTotal cost (USD)sort descending
231,173.80142.48
Firm
NMB (National Microfinance Bank)
Firm type: Non-Bank FI
 
Payment instrument
Access point
Call Center
Sending network coverage
Low
Transfer speed
Receiving method
Disbursing network coverage
High
Fee
164,100.00101.14
Exchange rate margin (%)
20.67
Percentage difference between market reference rate 1.37 and exchange rate charged 1.0920.67
Total cost (%)
71.2471.24
Total cost (TZS)sort descendingTotal cost (USD)sort descending
231,173.80142.48
Firm
Stanbic Bank
Firm type: Bank
 
Payment instrument
Access point
Bank branch
Sending network coverage
Low
Transfer speed
Receiving method
Disbursing network coverage
High
Fee
217,909.50134.30
Exchange rate margin (%)
11.23
Percentage difference between market reference rate 1.37 and exchange rate charged 1.2211.23
Total cost (%)
78.3878.38
Total cost (TZS)sort descendingTotal cost (USD)sort descending
254,343.10156.76
Firm
Stanbic Bank
Firm type: Bank
 
Payment instrument
Access point
Call Center
Sending network coverage
Low
Transfer speed
Receiving method
Disbursing network coverage
High
Fee
217,909.50134.30
Exchange rate margin (%)
11.23
Percentage difference between market reference rate 1.37 and exchange rate charged 1.2211.23
Total cost (%)
78.3878.38
Total cost (TZS)sort descendingTotal cost (USD)sort descending
254,343.10156.76
Firm
National Bank of Commerce Ltd (NBC)
Firm type: Bank
 
Payment instrument
Access point
Bank branch
Sending network coverage
Low
Transfer speed
Receiving method
Disbursing network coverage
High
Fee
232,560.00143.33
Exchange rate margin (%)
19.49
Percentage difference between market reference rate 1.37 and exchange rate charged 1.1019.49
Total cost (%)
91.1691.16
Total cost (TZS)sort descendingTotal cost (USD)sort descending
295,814.20182.32
Firm
National Bank of Commerce Ltd (NBC)
Firm type: Bank
 
Payment instrument
Access point
Call Center
Sending network coverage
Low
Transfer speed
Receiving method
Disbursing network coverage
High
Fee
232,560.00143.33
Exchange rate margin (%)
19.49
Percentage difference between market reference rate 1.37 and exchange rate charged 1.1019.49
Total cost (%)
91.1691.16
Total cost (TZS)sort descendingTotal cost (USD)sort descending
295,814.20182.32
Total Average Third Quarter
61.3061.30
Total Average Second Quarter
55.2855.28
Total Average
Fee
157,604.3097.14
Exchange Rate Margin (%)
12.7312.73
Total Cost Percent (%)
61.3061.30
Total Cost (TZS) Total Cost (USD)
198,915.26122.60
Non-Transparent records
Bank account transfer Cash
Less than one hour Same day
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 (TZS)sort descendingTotal cost (USD)sort descending
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
27,730.0017.10
Exchange rate margin (%)
4.19
Percentage difference between market reference rate 1.37 and exchange rate charged 1.324.19
Total cost (%)
7.617.61
Total cost (TZS)sort descendingTotal cost (USD)sort descending
61,717.1038.05
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
19,139.0011.80
Exchange rate margin (%)
7.19
Percentage difference between market reference rate 1.37 and exchange rate charged 1.277.19
Total cost (%)
9.559.55
Total cost (TZS)sort descendingTotal cost (USD)sort descending
77,450.5047.75
Firm
Cooperative Rural Development Bank (CRDB)
Firm type: Bank
 
Payment instrument
Access point
Internet
Sending network coverage
High
Transfer speed
Receiving method
Disbursing network coverage
Medium
Fee
161,070.0099.30
Exchange rate margin (%)
6.44
Percentage difference between market reference rate 1.37 and exchange rate charged 1.286.44
Total cost (%)
26.3026.30
Total cost (TZS)sort descendingTotal cost (USD)sort descending
213,293.00131.50
Firm
Cooperative Rural Development Bank (CRDB)
Firm type: Bank
 
Payment instrument
Access point
Bank branch
Sending network coverage
Medium
Transfer speed
Receiving method
Disbursing network coverage
Medium
Fee
161,070.0099.30
Exchange rate margin (%)
6.70
Percentage difference between market reference rate 1.37 and exchange rate charged 1.286.70
Total cost (%)
26.5626.56
Total cost (TZS)sort descendingTotal cost (USD)sort descending
215,401.60132.80
Firm
Stanbic Bank
Firm type: Bank
 
Payment instrument
Access point
Bank branch
Sending network coverage
Low
Transfer speed
Receiving method
Disbursing network coverage
High
Fee
217,909.50134.35
Exchange rate margin (%)
11.23
Percentage difference between market reference rate 1.37 and exchange rate charged 1.2211.23
Total cost (%)
38.1038.10
Total cost (TZS)sort descendingTotal cost (USD)sort descending
308,991.00190.50
Firm
Stanbic Bank
Firm type: Bank
 
Payment instrument
Access point
Call Center
Sending network coverage
Low
Transfer speed
Receiving method
Disbursing network coverage
High
Fee
217,909.50134.35
Exchange rate margin (%)
11.23
Percentage difference between market reference rate 1.37 and exchange rate charged 1.2211.23
Total cost (%)
38.1038.10
Total cost (TZS)sort descendingTotal cost (USD)sort descending
308,991.00190.50
Firm
NMB (National Microfinance Bank)
Firm type: Non-Bank FI
 
Payment instrument
Access point
Bank branch
Sending network coverage
Low
Transfer speed
Receiving method
Disbursing network coverage
High
Fee
164,100.00101.17
Exchange rate margin (%)
20.67
Percentage difference between market reference rate 1.37 and exchange rate charged 1.0920.67
Total cost (%)
40.9040.90
Total cost (TZS)sort descendingTotal cost (USD)sort descending
331,699.00204.50
Firm
NMB (National Microfinance Bank)
Firm type: Non-Bank FI
 
Payment instrument
Access point
Call Center
Sending network coverage
Low
Transfer speed
Receiving method
Disbursing network coverage
High
Fee
164,100.00101.17
Exchange rate margin (%)
20.67
Percentage difference between market reference rate 1.37 and exchange rate charged 1.0920.67
Total cost (%)
40.9040.90
Total cost (TZS)sort descendingTotal cost (USD)sort descending
331,699.00204.50
Firm
National Bank of Commerce Ltd (NBC)
Firm type: Bank
 
Payment instrument
Access point
Bank branch
Sending network coverage
Low
Transfer speed
Receiving method
Disbursing network coverage
High
Fee
232,560.00143.38
Exchange rate margin (%)
19.49
Percentage difference between market reference rate 1.37 and exchange rate charged 1.1019.49
Total cost (%)
48.1748.17
Total cost (TZS)sort descendingTotal cost (USD)sort descending
390,658.70240.85
Firm
National Bank of Commerce Ltd (NBC)
Firm type: Bank
 
Payment instrument
Access point
Call Center
Sending network coverage
Low
Transfer speed
Receiving method
Disbursing network coverage
High
Fee
232,560.00143.38
Exchange rate margin (%)
19.49
Percentage difference between market reference rate 1.37 and exchange rate charged 1.1019.49
Total cost (%)
48.1748.17
Total cost (TZS)sort descendingTotal cost (USD)sort descending
390,658.70240.85
Total Average Third Quarter
32.4432.44
Total Average Second Quarter
27.7127.71
Total Average
Fee
159,814.8098.53
Exchange Rate Margin (%)
12.7312.73
Total Cost Percent (%)
32.4432.44
Total Cost (TZS) Total Cost (USD)
263,055.96162.18
Non-Transparent records
Bank account transfer Cash
Less than one hour Same day
Bank account Cash
Least Costly Corridors To Uganda
Least Costly Corridors From Tanzania
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