Remittance Prices Worldwide

MAKING MARKETS MORE TRANSPARENT

From TZTanzania you can also send money to
Transfer money

Sending money from TANZANIA to UGANDA

Data collected on: Feb 19, 2024-Mar 05, 2024
TZS | USD
Firm
Payment instrument
Access point
Sending network coverage
Transfer speedsort ascending
<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)Total cost (USD)
The total cost of sending a remittance transfer includes: the fee charged to the sender plus the exchange rate margin.
Firm
National Bank of Commerce Ltd (NBC)
Firm type: Bank
 
Payment instrument
Access point
Bank branch
Sending network coverage
Low
Transfer speedsort ascending
Receiving method
Disbursing network coverage
High
Fee
220,358.25135.81
Exchange rate margin (%)
4.57
Percentage difference between market reference rate 1.53 and exchange rate charged 1.464.57
Total cost (%)
72.4872.48
Total cost (TZS)Total cost (USD)
235,197.60144.96
Firm
National Bank of Commerce Ltd (NBC)
Firm type: Bank
 
Payment instrument
Access point
Call Center
Sending network coverage
Low
Transfer speedsort ascending
Receiving method
Disbursing network coverage
High
Fee
155,547.0095.87
Exchange rate margin (%)
4.57
Percentage difference between market reference rate 1.53 and exchange rate charged 1.464.57
Total cost (%)
52.5052.50
Total cost (TZS)Total cost (USD)
170,362.50105.00
Firm
NMB (National Microfinance Bank)
Firm type: Non-Bank FI
 
Payment instrument
Access point
Bank branch
Sending network coverage
Low
Transfer speedsort ascending
Receiving method
Disbursing network coverage
High
Fee
155,520.0095.85
Exchange rate margin (%)
2.83
Percentage difference between market reference rate 1.53 and exchange rate charged 1.482.83
Total cost (%)
50.7650.76
Total cost (TZS)Total cost (USD)
164,716.20101.52
Firm
NMB (National Microfinance Bank)
Firm type: Non-Bank FI
 
Payment instrument
Access point
Call Center
Sending network coverage
Low
Transfer speedsort ascending
Receiving method
Disbursing network coverage
High
Fee
155,520.0095.85
Exchange rate margin (%)
2.76
Percentage difference between market reference rate 1.53 and exchange rate charged 1.482.76
Total cost (%)
50.6950.69
Total cost (TZS)Total cost (USD)
164,489.05101.38
Firm
Stanbic Bank
Firm type: Bank
 
Payment instrument
Access point
Bank branch
Sending network coverage
Low
Transfer speedsort ascending
Receiving method
Disbursing network coverage
High
Fee
202,327.50124.70
Exchange rate margin (%)
5.02
Percentage difference between market reference rate 1.53 and exchange rate charged 1.455.02
Total cost (%)
67.3767.37
Total cost (TZS)Total cost (USD)
218,615.65134.74
Firm
Stanbic Bank
Firm type: Bank
 
Payment instrument
Access point
Call Center
Sending network coverage
Low
Transfer speedsort ascending
Receiving method
Disbursing network coverage
High
Fee
202,327.50124.70
Exchange rate margin (%)
5.02
Percentage difference between market reference rate 1.53 and exchange rate charged 1.455.02
Total cost (%)
67.3767.37
Total cost (TZS)Total cost (USD)
218,615.65134.74
Firm
MoneyGram
Firm type: Money Transfer Operator
 
Payment instrument
Access point
Agent
Sending network coverage
High
Transfer speedsort ascending
Receiving method
Agent
Disbursing network coverage
High
Fee
17,500.0010.79
Exchange rate margin (%)
6.23
Percentage difference between market reference rate 1.52 and exchange rate charged 1.436.23
Total cost (%)
11.6211.62
Total cost (TZS)Total cost (USD)
37,706.9023.24
Firm
Western Union
Firm type: Money Transfer Operator
 
Payment instrument
Access point
Agent
Sending network coverage
High
Transfer speedsort ascending
Receiving method
Agent
Disbursing network coverage
High
Fee
8,700.005.36
Exchange rate margin (%)
5.87
Percentage difference between market reference rate 1.52 and exchange rate charged 1.435.87
Total cost (%)
8.558.55
Total cost (TZS)Total cost (USD)
27,744.7517.10
Firm
EcoBank Rapid Transfer
Firm type: Money Transfer Operator
 
Payment instrument
Access point
Bank branch
Sending network coverage
High
Transfer speedsort ascending
Receiving method
Bank branch
Disbursing network coverage
Medium
Fee
0.000.00
Exchange rate margin (%)
4.20
Percentage difference between market reference rate 1.54 and exchange rate charged 1.474.20
Total cost (%)
4.204.20
Total cost (TZS)Total cost (USD)
13,629.008.40
Firm
EcoBank Rapid Transfer
Firm type: Money Transfer Operator
 
Payment instrument
Access point
Internet
Sending network coverage
High
Transfer speedsort ascending
Receiving method
Disbursing network coverage
Medium
Fee
0.000.00
Exchange rate margin (%)
4.20
Percentage difference between market reference rate 1.54 and exchange rate charged 1.474.20
Total cost (%)
4.204.20
Total cost (TZS)Total cost (USD)
13,629.008.40
Firm
EcoBank Rapid Transfer
Firm type: Money Transfer Operator
 
Payment instrument
Access point
Bank branch
Sending network coverage
High
Transfer speedsort ascending
Receiving method
Bank branch
Disbursing network coverage
Medium
Fee
0.000.00
Exchange rate margin (%)
4.20
Percentage difference between market reference rate 1.54 and exchange rate charged 1.474.20
Total cost (%)
4.204.20
Total cost (TZS)Total cost (USD)
13,629.008.40
Firm
EcoBank Rapid Transfer
Firm type: Money Transfer Operator
 
Payment instrument
Access point
Internet
Sending network coverage
High
Transfer speedsort ascending
Receiving method
Disbursing network coverage
Medium
Fee
0.000.00
Exchange rate margin (%)
4.20
Percentage difference between market reference rate 1.54 and exchange rate charged 1.474.20
Total cost (%)
4.204.20
Total cost (TZS)Total cost (USD)
13,629.008.40
Total Average First Quarter
33.1833.18
Total Average Fourth Quarter 2023
35.4635.46
Total Average
Fee
93,150.0257.41
Exchange Rate Margin (%)
4.474.47
Total Cost Percent (%)
33.1833.18
Total Cost (TZS) Total Cost (USD)
107,663.6966.36
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 speedsort ascending
Receiving method
Disbursing network coverage
Fee
Exchange rate margin (%)
Total cost (%)
Total cost (TZS)Total cost (USD)
Firm
National Bank of Commerce Ltd (NBC)
Firm type: Bank
 
Payment instrument
Access point
Bank branch
Sending network coverage
Low
Transfer speedsort ascending
Receiving method
Disbursing network coverage
High
Fee
220,358.25135.86
Exchange rate margin (%)
4.57
Percentage difference between market reference rate 1.53 and exchange rate charged 1.464.57
Total cost (%)
31.7431.74
Total cost (TZS)Total cost (USD)
257,411.40158.70
Firm
National Bank of Commerce Ltd (NBC)
Firm type: Bank
 
Payment instrument
Access point
Call Center
Sending network coverage
Low
Transfer speedsort ascending
Receiving method
Disbursing network coverage
High
Fee
155,547.0095.90
Exchange rate margin (%)
4.57
Percentage difference between market reference rate 1.53 and exchange rate charged 1.464.57
Total cost (%)
23.7523.75
Total cost (TZS)Total cost (USD)
192,612.50118.75
Firm
NMB (National Microfinance Bank)
Firm type: Non-Bank FI
 
Payment instrument
Access point
Bank branch
Sending network coverage
Low
Transfer speedsort ascending
Receiving method
Disbursing network coverage
High
Fee
155,520.0095.88
Exchange rate margin (%)
2.83
Percentage difference between market reference rate 1.53 and exchange rate charged 1.482.83
Total cost (%)
22.0122.01
Total cost (TZS)Total cost (USD)
178,501.10110.05
Firm
NMB (National Microfinance Bank)
Firm type: Non-Bank FI
 
Payment instrument
Access point
Call Center
Sending network coverage
Low
Transfer speedsort ascending
Receiving method
Disbursing network coverage
High
Fee
155,520.0095.88
Exchange rate margin (%)
2.76
Percentage difference between market reference rate 1.53 and exchange rate charged 1.482.76
Total cost (%)
21.9421.94
Total cost (TZS)Total cost (USD)
177,933.40109.70
Firm
Stanbic Bank
Firm type: Bank
 
Payment instrument
Access point
Bank branch
Sending network coverage
Low
Transfer speedsort ascending
Receiving method
Disbursing network coverage
High
Fee
202,327.50124.74
Exchange rate margin (%)
5.02
Percentage difference between market reference rate 1.53 and exchange rate charged 1.455.02
Total cost (%)
29.9729.97
Total cost (TZS)Total cost (USD)
243,056.70149.85
Firm
Stanbic Bank
Firm type: Bank
 
Payment instrument
Access point
Call Center
Sending network coverage
Low
Transfer speedsort ascending
Receiving method
Disbursing network coverage
High
Fee
202,327.50124.74
Exchange rate margin (%)
5.02
Percentage difference between market reference rate 1.53 and exchange rate charged 1.455.02
Total cost (%)
29.9729.97
Total cost (TZS)Total cost (USD)
243,056.70149.85
Firm
MoneyGram
Firm type: Money Transfer Operator
 
Payment instrument
Access point
Agent
Sending network coverage
High
Transfer speedsort ascending
Receiving method
Agent
Disbursing network coverage
High
Fee
37,500.0023.12
Exchange rate margin (%)
6.23
Percentage difference between market reference rate 1.52 and exchange rate charged 1.436.23
Total cost (%)
10.8510.85
Total cost (TZS)Total cost (USD)
87,993.5054.25
Firm
Western Union
Firm type: Money Transfer Operator
 
Payment instrument
Access point
Agent
Sending network coverage
High
Transfer speedsort ascending
Receiving method
Agent
Disbursing network coverage
High
Fee
19,000.0011.71
Exchange rate margin (%)
5.87
Percentage difference between market reference rate 1.52 and exchange rate charged 1.435.87
Total cost (%)
8.218.21
Total cost (TZS)Total cost (USD)
66,583.1041.05
Firm
EcoBank Rapid Transfer
Firm type: Money Transfer Operator
 
Payment instrument
Access point
Bank branch
Sending network coverage
High
Transfer speedsort ascending
Receiving method
Bank branch
Disbursing network coverage
Medium
Fee
24,330.0015.00
Exchange rate margin (%)
4.20
Percentage difference between market reference rate 1.54 and exchange rate charged 1.474.20
Total cost (%)
7.207.20
Total cost (TZS)Total cost (USD)
58,392.0036.00
Firm
EcoBank Rapid Transfer
Firm type: Money Transfer Operator
 
Payment instrument
Access point
Internet
Sending network coverage
High
Transfer speedsort ascending
Receiving method
Disbursing network coverage
Medium
Fee
24,330.0015.00
Exchange rate margin (%)
4.20
Percentage difference between market reference rate 1.54 and exchange rate charged 1.474.20
Total cost (%)
7.207.20
Total cost (TZS)Total cost (USD)
58,392.0036.00
Firm
EcoBank Rapid Transfer
Firm type: Money Transfer Operator
 
Payment instrument
Access point
Bank branch
Sending network coverage
High
Transfer speedsort ascending
Receiving method
Bank branch
Disbursing network coverage
Medium
Fee
24,330.0015.00
Exchange rate margin (%)
4.20
Percentage difference between market reference rate 1.54 and exchange rate charged 1.474.20
Total cost (%)
7.207.20
Total cost (TZS)Total cost (USD)
58,392.0036.00
Firm
EcoBank Rapid Transfer
Firm type: Money Transfer Operator
 
Payment instrument
Access point
Internet
Sending network coverage
High
Transfer speedsort ascending
Receiving method
Disbursing network coverage
Medium
Fee
24,330.0015.00
Exchange rate margin (%)
4.20
Percentage difference between market reference rate 1.54 and exchange rate charged 1.474.20
Total cost (%)
7.207.20
Total cost (TZS)Total cost (USD)
58,392.0036.00
Total Average First Quarter
17.2717.27
Total Average Fourth Quarter 2023
18.4418.44
Total Average
Fee
103,785.0263.99
Exchange Rate Margin (%)
4.474.47
Total Cost Percent (%)
17.2717.27
Total Cost (TZS) Total Cost (USD)
140,059.7086.35
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
      © 2023 The World Bank Group, All Rights Reserved