Remittance Prices Worldwide

MAKING MARKETS MORE TRANSPARENT

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Sending money from TURKEY to BULGARIA

Data collected on: Feb 19, 2024-Mar 06, 2024
TRY | 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 (TRY)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.
Wise
Firm type: Money Transfer Operator
Payment instrument
Access point
Internet
Sending network coverage
Medium
Receiving method
High
31.8711.18
0.01
Percentage difference between market reference rate 0.06 and exchange rate charged 0.06
0.01
5.605.60
31.9211.20
MoneyGram
Firm type: Money Transfer Operator
Payment instrument
Access point
Agent
Sending network coverage
High
Receiving method
Agent
High
60.0021.05
1.17
Percentage difference between market reference rate 0.06 and exchange rate charged 0.06
1.17
11.7011.70
66.6923.40
MoneyGram
Firm type: Money Transfer Operator
Payment instrument
Access point
Agent
Sending network coverage
High
Receiving method
High
60.0021.05
1.17
Percentage difference between market reference rate 0.06 and exchange rate charged 0.06
1.17
11.7011.70
66.6923.40
Turkey IS Bank via Western Union
Firm type: Bank / Money Transfer Operator
Payment instrument
Access point
Internet
Sending network coverage
High
Receiving method
Medium
155.7554.65
0.63
Percentage difference between market reference rate 0.03 and exchange rate charged 0.03
0.63
27.9527.95
159.3255.90
UPT
Firm type: Money Transfer Operator
Payment instrument
Access point
Agent
Sending network coverage
High
Receiving method
Agent
High
155.7554.65
1.51
Percentage difference between market reference rate 0.03 and exchange rate charged 0.03
1.51
28.8328.83
164.3357.66
UPT
Firm type: Money Transfer Operator
Payment instrument
Access point
Agent
Sending network coverage
High
Receiving method
High
168.8559.25
1.83
Percentage difference between market reference rate 0.03 and exchange rate charged 0.03
1.83
31.4531.45
179.2762.90
Turkey IS Bank via Western Union
Firm type: Bank / Money Transfer Operator
Payment instrument
Access point
Bank branch
Sending network coverage
Medium
Receiving method
Medium
467.25163.95
0.63
Percentage difference between market reference rate 0.03 and exchange rate charged 0.03
0.63
82.6082.60
470.82165.20
Ziraat Bank
Firm type: Bank
Payment instrument
Access point
Internet
Sending network coverage
Medium
Receiving method
High
467.25163.95
1.62
Percentage difference between market reference rate 0.03 and exchange rate charged 0.03
1.62
83.5983.59
476.46167.18
Western Union
Firm type: Money Transfer Operator
Payment instrument
Access point
Internet
Sending network coverage
Medium
Receiving method
High
475.84166.96
3.81
Percentage difference between market reference rate 0.03 and exchange rate charged 0.03
3.81
87.2987.29
497.55174.58
Yapi ve Kredi Bankasi
Firm type: Bank
Payment instrument
Access point
Internet
Sending network coverage
Medium
Receiving method
High
700.00245.61
1.59
Percentage difference between market reference rate 0.03 and exchange rate charged 0.03
1.59
124.40124.40
709.08248.80
Denizbank
Firm type: Bank
Payment instrument
Access point
Bank branch
Sending network coverage
High
Receiving method
High
700.00245.61
1.72
Percentage difference between market reference rate 0.03 and exchange rate charged 0.03
1.72
124.53124.53
709.82249.06
Turkey IS Bank
Firm type: Bank
Payment instrument
Access point
Internet
Sending network coverage
Medium
Receiving method
High
850.00298.25
0.63
Percentage difference between market reference rate 0.03 and exchange rate charged 0.03
0.63
149.75149.75
853.58299.50
Turkey IS Bank
Firm type: Bank
Payment instrument
Access point
Bank branch
Sending network coverage
Medium
Receiving method
High
1,155.00405.26
0.63
Percentage difference between market reference rate 0.03 and exchange rate charged 0.03
0.63
203.26203.26
1,158.58406.52
Total Average First Quarter
74.8274.82
Total Average Fourth Quarter 2023
59.3659.36
Total Average
Fee
419.04147.03
Exchange Rate Margin (%)
1.301.30
Total Cost Percent (%)
74.8274.82
Total Cost (TRY) Total Cost (USD)
426.47149.64
Non-Transparent records
Bank account transfer Cash
Less than one hour Same day Next day 2 days
Bank account Cash
Payment instrument
Access point
Sending network coverage
Receiving method
Wise
Firm type: Money Transfer Operator
Payment instrument
Access point
Internet
Sending network coverage
Medium
Receiving method
High
41.6014.86
0.01
Percentage difference between market reference rate 0.06 and exchange rate charged 0.06
0.01
2.982.98
41.7214.90
MoneyGram
Firm type: Money Transfer Operator
Payment instrument
Access point
Agent
Sending network coverage
High
Receiving method
Agent
High
90.0032.14
1.17
Percentage difference between market reference rate 0.06 and exchange rate charged 0.06
1.17
7.607.60
106.4038.00
MoneyGram
Firm type: Money Transfer Operator
Payment instrument
Access point
Agent
Sending network coverage
High
Receiving method
High
90.0032.14
1.17
Percentage difference between market reference rate 0.06 and exchange rate charged 0.06
1.17
7.607.60
106.4038.00
Turkey IS Bank via Western Union
Firm type: Bank / Money Transfer Operator
Payment instrument
Access point
Internet
Sending network coverage
High
Receiving method
Medium
155.7555.63
0.63
Percentage difference between market reference rate 0.03 and exchange rate charged 0.03
0.63
11.7611.76
164.6458.80
UPT
Firm type: Money Transfer Operator
Payment instrument
Access point
Agent
Sending network coverage
High
Receiving method
Agent
High
155.7555.63
1.51
Percentage difference between market reference rate 0.03 and exchange rate charged 0.03
1.51
12.6412.64
176.9663.20
UPT
Firm type: Money Transfer Operator
Payment instrument
Access point
Agent
Sending network coverage
High
Receiving method
High
168.8560.30
1.83
Percentage difference between market reference rate 0.03 and exchange rate charged 0.03
1.83
13.8913.89
194.4669.45
Turkey IS Bank via Western Union
Firm type: Bank / Money Transfer Operator
Payment instrument
Access point
Bank branch
Sending network coverage
Medium
Receiving method
Medium
467.25166.88
0.63
Percentage difference between market reference rate 0.03 and exchange rate charged 0.03
0.63
34.0134.01
476.14170.05
Ziraat Bank
Firm type: Bank
Payment instrument
Access point
Internet
Sending network coverage
Medium
Receiving method
High
467.25166.88
1.62
Percentage difference between market reference rate 0.03 and exchange rate charged 0.03
1.62
35.0035.00
490.00175.00
Western Union
Firm type: Money Transfer Operator
Payment instrument
Access point
Internet
Sending network coverage
Medium
Receiving method
High
475.84169.94
3.81
Percentage difference between market reference rate 0.03 and exchange rate charged 0.03
3.81
37.8037.80
529.20189.00
Yapi ve Kredi Bankasi
Firm type: Bank
Payment instrument
Access point
Internet
Sending network coverage
Medium
Receiving method
High
700.00250.00
1.59
Percentage difference between market reference rate 0.03 and exchange rate charged 0.03
1.59
51.5951.59
722.26257.95
Denizbank
Firm type: Bank
Payment instrument
Access point
Bank branch
Sending network coverage
High
Receiving method
High
700.00250.00
1.72
Percentage difference between market reference rate 0.03 and exchange rate charged 0.03
1.72
51.7251.72
724.08258.60
Turkey IS Bank
Firm type: Bank
Payment instrument
Access point
Internet
Sending network coverage
Medium
Receiving method
High
850.00303.57
0.63
Percentage difference between market reference rate 0.03 and exchange rate charged 0.03
0.63
61.3461.34
858.76306.70
Turkey IS Bank
Firm type: Bank
Payment instrument
Access point
Bank branch
Sending network coverage
Medium
Receiving method
High
1,155.00412.50
0.63
Percentage difference between market reference rate 0.03 and exchange rate charged 0.03
0.63
83.1383.13
1,163.82415.65
Total Average First Quarter
31.6231.62
Total Average Fourth Quarter 2023
25.4425.44
Total Average
Fee
424.41151.57
Exchange Rate Margin (%)
1.301.30
Total Cost Percent (%)
31.6231.62
Total Cost (TRY) Total Cost (USD)
442.68158.10
Non-Transparent records
Bank account transfer Cash
Less than one hour Same day Next day 2 days
Bank account Cash
Least Costly Corridors From Turkey