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Transfer money

Sending money from AUSTRALIA to INDIA

Data collected on: Feb 04, 2020
AUD | USD
Firm
Payment instrument
Access point
Sending network coverage
Transfer speed
Receiving method
Disbursing network coverage
Fee
Exchange rate margin (%)
Total cost (%)
Total cost (AUD)sort descendingTotal cost (USD)sort descending
Firm
RemitMoney
Firm type: Bank
 
Payment instrument
Access point
Internet
Sending network coverage
High
Transfer speed
Receiving method
Disbursing network coverage
High
Fee
0.000.00
Exchange rate margin (%)
0.13
Percentage difference between market reference rate 47.71 and exchange rate charged 47.650.13
Total cost (%)
0.130.13
Total cost (AUD)sort descendingTotal cost (USD)sort descending
0.260.26
Firm
Western Union
Firm type: Money Transfer Operator
 
Payment instrument
Access point
Internet
Sending network coverage
High
Transfer speed
Receiving method
Disbursing network coverage
High
Fee
0.000.00
Exchange rate margin (%)
0.23
Percentage difference between market reference rate 47.71 and exchange rate charged 47.600.23
Total cost (%)
0.230.23
Total cost (AUD)sort descendingTotal cost (USD)sort descending
0.460.46
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
1.001.00
Exchange rate margin (%)
-0.04
Percentage difference between market reference rate 47.71 and exchange rate charged 47.73-0.04
Total cost (%)
0.460.46
Total cost (AUD)sort descendingTotal cost (USD)sort descending
0.920.92
Firm
money2India (ICICI Bank)
Firm type: Bank / Money Transfer Operator
 
Payment instrument
Access point
Bank branch, Call Center
Sending network coverage
High
Transfer speed
Receiving method
Disbursing network coverage
High
Fee
0.000.00
Exchange rate margin (%)
0.60
Percentage difference between market reference rate 47.71 and exchange rate charged 47.420.60
Total cost (%)
0.600.60
Total cost (AUD)sort descendingTotal cost (USD)sort descending
1.201.20
Firm
Remit2India
Firm type: Money Transfer Operator
 
Payment instrument
Access point
Internet
Sending network coverage
High
Transfer speed
Receiving method
Disbursing network coverage
High
Fee
0.000.00
Exchange rate margin (%)
0.65
Percentage difference between market reference rate 47.71 and exchange rate charged 47.400.65
Total cost (%)
0.650.65
Total cost (AUD)sort descendingTotal cost (USD)sort descending
1.301.30
Firm
Kotak Click2Remit
Firm type: Bank
 
Payment instrument
Access point
Internet
Sending network coverage
High
Transfer speed
Receiving method
Disbursing network coverage
High
Fee
0.000.00
Exchange rate margin (%)
0.65
Percentage difference between market reference rate 47.71 and exchange rate charged 47.400.65
Total cost (%)
0.650.65
Total cost (AUD)sort descendingTotal cost (USD)sort descending
1.301.30
Firm
Ria
Firm type: Money Transfer Operator
 
Payment instrument
Access point
Internet
Sending network coverage
High
Transfer speed
Receiving method
Agent
Disbursing network coverage
High
Fee
1.001.00
Exchange rate margin (%)
0.23
Percentage difference between market reference rate 47.71 and exchange rate charged 47.600.23
Total cost (%)
0.730.73
Total cost (AUD)sort descendingTotal cost (USD)sort descending
1.461.46
Firm
GMT Money
Firm type: Money Transfer Operator
 
Payment instrument
Access point
Agent, Call Center
Sending network coverage
High
Transfer speed
Receiving method
Agent
Disbursing network coverage
High
Fee
0.000.00
Exchange rate margin (%)
0.73
Percentage difference between market reference rate 47.71 and exchange rate charged 47.360.73
Total cost (%)
0.730.73
Total cost (AUD)sort descendingTotal cost (USD)sort descending
1.461.46
Firm
Orbit Remit
Firm type: Money Transfer Operator
 
Payment instrument
Access point
Internet
Sending network coverage
High
Transfer speed
Receiving method
Disbursing network coverage
High
Fee
0.000.00
Exchange rate margin (%)
0.76
Percentage difference between market reference rate 47.71 and exchange rate charged 47.350.76
Total cost (%)
0.760.76
Total cost (AUD)sort descendingTotal cost (USD)sort descending
1.521.52
Firm
FlyWorld Money
Firm type: Money Transfer Operator
 
Payment instrument
Access point
Internet
Sending network coverage
High
Transfer speed
Receiving method
Agent
Disbursing network coverage
Medium
Fee
1.001.00
Exchange rate margin (%)
0.44
Percentage difference between market reference rate 47.71 and exchange rate charged 47.500.44
Total cost (%)
0.940.94
Total cost (AUD)sort descendingTotal cost (USD)sort descending
1.881.88
Firm
FlyWorld Money
Firm type: Money Transfer Operator
 
Payment instrument
Access point
Internet
Sending network coverage
High
Transfer speed
Receiving method
Disbursing network coverage
High
Fee
1.001.00
Exchange rate margin (%)
0.44
Percentage difference between market reference rate 47.71 and exchange rate charged 47.500.44
Total cost (%)
0.940.94
Total cost (AUD)sort descendingTotal cost (USD)sort descending
1.881.88
Firm
Transferwise
Firm type: Money Transfer Operator
 
Payment instrument
Access point
Internet
Sending network coverage
High
Transfer speed
Receiving method
Disbursing network coverage
High
Fee
2.302.30
Exchange rate margin (%)
0.08
Percentage difference between market reference rate 47.71 and exchange rate charged 47.670.08
Total cost (%)
1.231.23
Total cost (AUD)sort descendingTotal cost (USD)sort descending
2.462.46
Firm
GMT Money
Firm type: Money Transfer Operator
 
Payment instrument
Access point
Internet
Sending network coverage
High
Transfer speed
Receiving method
Disbursing network coverage
High
Fee
1.001.00
Exchange rate margin (%)
0.73
Percentage difference between market reference rate 47.71 and exchange rate charged 47.360.73
Total cost (%)
1.231.23
Total cost (AUD)sort descendingTotal cost (USD)sort descending
2.462.46
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
2.902.90
Exchange rate margin (%)
0.27
Percentage difference between market reference rate 47.71 and exchange rate charged 47.580.27
Total cost (%)
1.721.72
Total cost (AUD)sort descendingTotal cost (USD)sort descending
3.443.44
Firm
InstaReM
Firm type: Money Transfer Operator
 
Payment instrument
Access point
Internet
Sending network coverage
High
Transfer speed
Receiving method
Disbursing network coverage
High
Fee
3.493.49
Exchange rate margin (%)
0.12
Percentage difference between market reference rate 47.71 and exchange rate charged 47.650.12
Total cost (%)
1.871.87
Total cost (AUD)sort descendingTotal cost (USD)sort descending
3.743.74
Firm
Citibank
Firm type: Bank
 
Payment instrument
Access point
Internet
Sending network coverage
High
Transfer speed
Receiving method
Disbursing network coverage
High
Fee
0.000.00
Exchange rate margin (%)
1.96
Percentage difference between market reference rate 47.71 and exchange rate charged 46.781.96
Total cost (%)
1.961.96
Total cost (AUD)sort descendingTotal cost (USD)sort descending
3.923.92
Firm
Remitly
Firm type: Money Transfer Operator
 
Payment instrument
Access point
Internet
Sending network coverage
High
Transfer speed
Receiving method
Disbursing network coverage
High
Fee
3.993.99
Exchange rate margin (%)
0.13
Percentage difference between market reference rate 47.71 and exchange rate charged 47.650.13
Total cost (%)
2.122.12
Total cost (AUD)sort descendingTotal cost (USD)sort descending
4.244.24
Firm
Bank of Baroda
Firm type: Bank
 
Payment instrument
Access point
Bank branch, Call Center
Sending network coverage
High
Transfer speed
Receiving method
Disbursing network coverage
High
Fee
4.004.00
Exchange rate margin (%)
0.65
Percentage difference between market reference rate 47.71 and exchange rate charged 47.400.65
Total cost (%)
2.652.65
Total cost (AUD)sort descendingTotal cost (USD)sort descending
5.305.30
Firm
WorldRemit
Firm type: Money Transfer Operator
 
Payment instrument
Access point
Internet
Sending network coverage
High
Transfer speed
Receiving method
Disbursing network coverage
High
Fee
3.993.99
Exchange rate margin (%)
1.03
Percentage difference between market reference rate 47.71 and exchange rate charged 47.221.03
Total cost (%)
3.023.02
Total cost (AUD)sort descendingTotal cost (USD)sort descending
6.046.04
Firm
GMT Money
Firm type: Money Transfer Operator
 
Payment instrument
Access point
Agent
Sending network coverage
High
Transfer speed
Receiving method
Agent
Disbursing network coverage
High
Fee
5.005.00
Exchange rate margin (%)
0.73
Percentage difference between market reference rate 47.71 and exchange rate charged 47.360.73
Total cost (%)
3.233.23
Total cost (AUD)sort descendingTotal cost (USD)sort descending
6.466.46
Firm
Aussie Forex & Finance
Firm type: Money Transfer Operator
 
Payment instrument
Access point
Agent, Call Center
Sending network coverage
High
Transfer speed
Receiving method
Agent
Disbursing network coverage
Medium
Fee
5.005.00
Exchange rate margin (%)
0.76
Percentage difference between market reference rate 47.71 and exchange rate charged 47.350.76
Total cost (%)
3.263.26
Total cost (AUD)sort descendingTotal cost (USD)sort descending
6.526.52
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
7.007.00
Exchange rate margin (%)
-0.04
Percentage difference between market reference rate 47.71 and exchange rate charged 47.73-0.04
Total cost (%)
3.463.46
Total cost (AUD)sort descendingTotal cost (USD)sort descending
6.926.92
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
7.007.00
Exchange rate margin (%)
0.23
Percentage difference between market reference rate 47.71 and exchange rate charged 47.600.23
Total cost (%)
3.733.73
Total cost (AUD)sort descendingTotal cost (USD)sort descending
7.467.46
Firm
Ria
Firm type: Money Transfer Operator
 
Payment instrument
Access point
Agent
Sending network coverage
High
Transfer speed
Receiving method
Agent
Disbursing network coverage
High
Fee
7.007.00
Exchange rate margin (%)
0.23
Percentage difference between market reference rate 47.71 and exchange rate charged 47.600.23
Total cost (%)
3.733.73
Total cost (AUD)sort descendingTotal cost (USD)sort descending
7.467.46
Firm
MoneyGram
Firm type: Money Transfer Operator
 
Payment instrument
Access point
Agent
Sending network coverage
High
Transfer speed
Receiving method
Disbursing network coverage
High
Fee
8.008.00
Exchange rate margin (%)
-0.04
Percentage difference between market reference rate 47.71 and exchange rate charged 47.73-0.04
Total cost (%)
3.963.96
Total cost (AUD)sort descendingTotal cost (USD)sort descending
7.927.92
Firm
Xpress Money
Firm type: Money Transfer Operator
 
Payment instrument
Access point
Agent
Sending network coverage
Medium
Transfer speed
Receiving method
Agent
Disbursing network coverage
High
Fee
7.007.00
Exchange rate margin (%)
0.86
Percentage difference between market reference rate 47.71 and exchange rate charged 47.300.86
Total cost (%)
4.364.36
Total cost (AUD)sort descendingTotal cost (USD)sort descending
8.728.72
Firm
Ceylon Exchange
Firm type: Money Transfer Operator
 
Payment instrument
Access point
Agent, Call Center
Sending network coverage
High
Transfer speed
Receiving method
Disbursing network coverage
High
Fee
10.0010.00
Exchange rate margin (%)
-0.29
Percentage difference between market reference rate 47.71 and exchange rate charged 47.85-0.29
Total cost (%)
4.714.71
Total cost (AUD)sort descendingTotal cost (USD)sort descending
9.429.42
Firm
Westpac
Firm type: Bank
 
Payment instrument
Access point
Internet
Sending network coverage
High
Transfer speed
Receiving method
Disbursing network coverage
High
Fee
0.000.00
Exchange rate margin (%)
4.88
Percentage difference between market reference rate 47.71 and exchange rate charged 45.384.88
Total cost (%)
4.884.88
Total cost (AUD)sort descendingTotal cost (USD)sort descending
9.769.76
Firm
Bank of Baroda
Firm type: Bank
 
Payment instrument
Access point
Bank branch, Call Center
Sending network coverage
High
Transfer speed
Receiving method
Disbursing network coverage
High
Fee
10.0010.00
Exchange rate margin (%)
0.65
Percentage difference between market reference rate 47.71 and exchange rate charged 47.400.65
Total cost (%)
5.655.65
Total cost (AUD)sort descendingTotal cost (USD)sort descending
11.3011.30
Firm
State Bank of India
Firm type: Bank
 
Payment instrument
Access point
Internet
Sending network coverage
High
Transfer speed
Receiving method
Disbursing network coverage
High
Fee
10.0010.00
Exchange rate margin (%)
0.65
Percentage difference between market reference rate 47.71 and exchange rate charged 47.400.65
Total cost (%)
5.655.65
Total cost (AUD)sort descendingTotal cost (USD)sort descending
11.3011.30
Firm
FLASHremit
Firm type: Money Transfer Operator
 
Payment instrument
Access point
Agent, Call Center
Sending network coverage
High
Transfer speed
Receiving method
Disbursing network coverage
High
Fee
10.0010.00
Exchange rate margin (%)
0.90
Percentage difference between market reference rate 47.71 and exchange rate charged 47.280.90
Total cost (%)
5.905.90
Total cost (AUD)sort descendingTotal cost (USD)sort descending
11.8011.80
Firm
HDFC Bank
Firm type: Bank
 
Payment instrument
Access point
Bank branch, Call Center
Sending network coverage
High
Transfer speed
Receiving method
Disbursing network coverage
High
Fee
10.0010.00
Exchange rate margin (%)
0.99
Percentage difference between market reference rate 47.71 and exchange rate charged 47.240.99
Total cost (%)
5.995.99
Total cost (AUD)sort descendingTotal cost (USD)sort descending
11.9811.98
Firm
Fast Remit
Firm type: Money Transfer Operator
 
Payment instrument
Access point
Agent
Sending network coverage
High
Transfer speed
Receiving method
Disbursing network coverage
High
Fee
10.0010.00
Exchange rate margin (%)
1.48
Percentage difference between market reference rate 47.71 and exchange rate charged 47.001.48
Total cost (%)
6.486.48
Total cost (AUD)sort descendingTotal cost (USD)sort descending
12.9612.96
Firm
Unimoni
Firm type: Money Transfer Operator
 
Payment instrument
Access point
Internet
Sending network coverage
High
Transfer speed
Receiving method
Disbursing network coverage
High
Fee
12.0012.00
Exchange rate margin (%)
0.89
Percentage difference between market reference rate 47.71 and exchange rate charged 47.280.89
Total cost (%)
6.896.89
Total cost (AUD)sort descendingTotal cost (USD)sort descending
13.7813.78
Firm
Commonwealth Bank
Firm type: Bank
 
Payment instrument
Access point
Internet
Sending network coverage
High
Transfer speed
Receiving method
Disbursing network coverage
High
Fee
6.006.00
Exchange rate margin (%)
4.34
Percentage difference between market reference rate 47.71 and exchange rate charged 45.644.34
Total cost (%)
7.347.34
Total cost (AUD)sort descendingTotal cost (USD)sort descending
14.6814.68
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
15.0015.00
Exchange rate margin (%)
0.23
Percentage difference between market reference rate 47.71 and exchange rate charged 47.600.23
Total cost (%)
7.737.73
Total cost (AUD)sort descendingTotal cost (USD)sort descending
15.4615.46
Firm
SpeedSend
Firm type: Money Transfer Operator
 
Payment instrument
Access point
Internet
Sending network coverage
High
Transfer speed
Receiving method
Agent
Disbursing network coverage
High
Fee
12.0012.00
Exchange rate margin (%)
4.59
Percentage difference between market reference rate 47.71 and exchange rate charged 45.524.59
Total cost (%)
10.5910.59
Total cost (AUD)sort descendingTotal cost (USD)sort descending
21.1821.18
Firm
ANZ Bank
Firm type: Bank
 
Payment instrument
Access point
Internet
Sending network coverage
High
Transfer speed
Receiving method
Disbursing network coverage
High
Fee
18.0018.00
Exchange rate margin (%)
3.71
Percentage difference between market reference rate 47.71 and exchange rate charged 45.943.71
Total cost (%)
12.7112.71
Total cost (AUD)sort descendingTotal cost (USD)sort descending
25.4225.42
Firm
Commonwealth Bank
Firm type: Bank
 
Payment instrument
Access point
Bank branch, Call Center
Sending network coverage
High
Transfer speed
Receiving method
Disbursing network coverage
High
Fee
30.0030.00
Exchange rate margin (%)
4.34
Percentage difference between market reference rate 47.71 and exchange rate charged 45.644.34
Total cost (%)
19.3419.34
Total cost (AUD)sort descendingTotal cost (USD)sort descending
38.6838.68
Firm
ANZ Bank
Firm type: Bank
 
Payment instrument
Access point
Bank branch, Call Center
Sending network coverage
High
Transfer speed
Receiving method
Disbursing network coverage
High
Fee
32.0032.00
Exchange rate margin (%)
3.71
Percentage difference between market reference rate 47.71 and exchange rate charged 45.943.71
Total cost (%)
19.7119.71
Total cost (AUD)sort descendingTotal cost (USD)sort descending
39.4239.42
Total Average First Quarter
4.304.30
Total Average Fourth Quarter 2019
4.694.69
Total Average
Fee
6.426.42
Exchange Rate Margin (%)
1.091.09
Total Cost Percent (%)
4.304.30
Total Cost (AUD) Total Cost (USD)
8.608.60
Non-Transparent records
Bank account transfer Debit/credit card Cash
Less than one hour Same day Next day 2 days 3-5 days
Bank account Cash Own/partner bank account
Firm
Payment instrument
Access point
Sending network coverage
Transfer speed
Receiving method
Disbursing network coverage
Fee
Exchange rate margin (%)
Total cost (%)
Total cost (AUD)sort descendingTotal cost (USD)sort descending
Firm
RemitMoney
Firm type: Bank
 
Payment instrument
Access point
Internet
Sending network coverage
High
Transfer speed
Receiving method
Disbursing network coverage
High
Fee
0.000.00
Exchange rate margin (%)
0.13
Percentage difference between market reference rate 47.71 and exchange rate charged 47.650.13
Total cost (%)
0.130.13
Total cost (AUD)sort descendingTotal cost (USD)sort descending
0.650.65
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
1.001.00
Exchange rate margin (%)
-0.04
Percentage difference between market reference rate 47.71 and exchange rate charged 47.73-0.04
Total cost (%)
0.160.16
Total cost (AUD)sort descendingTotal cost (USD)sort descending
0.800.80
Firm
Western Union
Firm type: Money Transfer Operator
 
Payment instrument
Access point
Internet
Sending network coverage
High
Transfer speed
Receiving method
Disbursing network coverage
High
Fee
0.000.00
Exchange rate margin (%)
0.23
Percentage difference between market reference rate 47.71 and exchange rate charged 47.600.23
Total cost (%)
0.230.23
Total cost (AUD)sort descendingTotal cost (USD)sort descending
1.151.15
Firm
Ria
Firm type: Money Transfer Operator
 
Payment instrument
Access point
Internet
Sending network coverage
High
Transfer speed
Receiving method
Agent
Disbursing network coverage
High
Fee
1.001.00
Exchange rate margin (%)
0.23
Percentage difference between market reference rate 47.71 and exchange rate charged 47.600.23
Total cost (%)
0.430.43
Total cost (AUD)sort descendingTotal cost (USD)sort descending
2.152.15
Firm
money2India (ICICI Bank)
Firm type: Bank / Money Transfer Operator
 
Payment instrument
Access point
Bank branch, Call Center
Sending network coverage
High
Transfer speed
Receiving method
Disbursing network coverage
High
Fee
0.000.00
Exchange rate margin (%)
0.60
Percentage difference between market reference rate 47.71 and exchange rate charged 47.420.60
Total cost (%)
0.600.60
Total cost (AUD)sort descendingTotal cost (USD)sort descending
3.003.00
Firm
FlyWorld Money
Firm type: Money Transfer Operator
 
Payment instrument
Access point
Internet
Sending network coverage
High
Transfer speed
Receiving method
Agent
Disbursing network coverage
Medium
Fee
1.001.00
Exchange rate margin (%)
0.44
Percentage difference between market reference rate 47.71 and exchange rate charged 47.500.44
Total cost (%)
0.640.64
Total cost (AUD)sort descendingTotal cost (USD)sort descending
3.203.20
Firm
FlyWorld Money
Firm type: Money Transfer Operator
 
Payment instrument
Access point
Internet
Sending network coverage
High
Transfer speed
Receiving method
Disbursing network coverage
High
Fee
1.001.00
Exchange rate margin (%)
0.44
Percentage difference between market reference rate 47.71 and exchange rate charged 47.500.44
Total cost (%)
0.640.64
Total cost (AUD)sort descendingTotal cost (USD)sort descending
3.203.20
Firm
Remit2India
Firm type: Money Transfer Operator
 
Payment instrument
Access point
Internet
Sending network coverage
High
Transfer speed
Receiving method
Disbursing network coverage
High
Fee
0.000.00
Exchange rate margin (%)
0.65
Percentage difference between market reference rate 47.71 and exchange rate charged 47.400.65
Total cost (%)
0.650.65
Total cost (AUD)sort descendingTotal cost (USD)sort descending
3.253.25
Firm
Kotak Click2Remit
Firm type: Bank
 
Payment instrument
Access point
Internet
Sending network coverage
High
Transfer speed
Receiving method
Disbursing network coverage
High
Fee
0.000.00
Exchange rate margin (%)
0.65
Percentage difference between market reference rate 47.71 and exchange rate charged 47.400.65
Total cost (%)
0.650.65
Total cost (AUD)sort descendingTotal cost (USD)sort descending
3.253.25
Firm
GMT Money
Firm type: Money Transfer Operator
 
Payment instrument
Access point
Agent, Call Center
Sending network coverage
High
Transfer speed
Receiving method
Agent
Disbursing network coverage
High
Fee
0.000.00
Exchange rate margin (%)
0.73
Percentage difference between market reference rate 47.71 and exchange rate charged 47.360.73
Total cost (%)
0.730.73
Total cost (AUD)sort descendingTotal cost (USD)sort descending
3.653.65
Firm
Orbit Remit
Firm type: Money Transfer Operator
 
Payment instrument
Access point
Internet
Sending network coverage
High
Transfer speed
Receiving method
Disbursing network coverage
High
Fee
0.000.00
Exchange rate margin (%)
0.76
Percentage difference between market reference rate 47.71 and exchange rate charged 47.350.76
Total cost (%)
0.760.76
Total cost (AUD)sort descendingTotal cost (USD)sort descending
3.803.80
Firm
InstaReM
Firm type: Money Transfer Operator
 
Payment instrument
Access point
Internet
Sending network coverage
High
Transfer speed
Receiving method
Disbursing network coverage
High
Fee
3.493.49
Exchange rate margin (%)
0.12
Percentage difference between market reference rate 47.71 and exchange rate charged 47.650.12
Total cost (%)
0.820.82
Total cost (AUD)sort descendingTotal cost (USD)sort descending
4.104.10
Firm
Transferwise
Firm type: Money Transfer Operator
 
Payment instrument
Access point
Internet
Sending network coverage
High
Transfer speed
Receiving method
Disbursing network coverage
High
Fee
4.144.14
Exchange rate margin (%)
0.08
Percentage difference between market reference rate 47.71 and exchange rate charged 47.670.08
Total cost (%)
0.910.91
Total cost (AUD)sort descendingTotal cost (USD)sort descending
4.554.55
Firm
Remitly
Firm type: Money Transfer Operator
 
Payment instrument
Access point
Internet
Sending network coverage
High
Transfer speed
Receiving method
Disbursing network coverage
High
Fee
3.993.99
Exchange rate margin (%)
0.13
Percentage difference between market reference rate 47.71 and exchange rate charged 47.650.13
Total cost (%)
0.920.92
Total cost (AUD)sort descendingTotal cost (USD)sort descending
4.604.60
Firm
GMT Money
Firm type: Money Transfer Operator
 
Payment instrument
Access point
Internet
Sending network coverage
High
Transfer speed
Receiving method
Disbursing network coverage
High
Fee
1.001.00
Exchange rate margin (%)
0.73
Percentage difference between market reference rate 47.71 and exchange rate charged 47.360.73
Total cost (%)
0.930.93
Total cost (AUD)sort descendingTotal cost (USD)sort descending
4.654.65
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
3.903.90
Exchange rate margin (%)
0.27
Percentage difference between market reference rate 47.71 and exchange rate charged 47.580.27
Total cost (%)
1.051.05
Total cost (AUD)sort descendingTotal cost (USD)sort descending
5.255.25
Firm
Bank of Baroda
Firm type: Bank
 
Payment instrument
Access point
Bank branch, Call Center
Sending network coverage
High
Transfer speed
Receiving method
Disbursing network coverage
High
Fee
4.004.00
Exchange rate margin (%)
0.65
Percentage difference between market reference rate 47.71 and exchange rate charged 47.400.65
Total cost (%)
1.451.45
Total cost (AUD)sort descendingTotal cost (USD)sort descending
7.257.25
Firm
MoneyGram
Firm type: Money Transfer Operator
 
Payment instrument
Access point
Agent
Sending network coverage
High
Transfer speed
Receiving method
Disbursing network coverage
High
Fee
8.008.00
Exchange rate margin (%)
-0.04
Percentage difference between market reference rate 47.71 and exchange rate charged 47.73-0.04
Total cost (%)
1.561.56
Total cost (AUD)sort descendingTotal cost (USD)sort descending
7.807.80
Firm
Ceylon Exchange
Firm type: Money Transfer Operator
 
Payment instrument
Access point
Agent, Call Center
Sending network coverage
High
Transfer speed
Receiving method
Disbursing network coverage
High
Fee
10.0010.00
Exchange rate margin (%)
-0.29
Percentage difference between market reference rate 47.71 and exchange rate charged 47.85-0.29
Total cost (%)
1.711.71
Total cost (AUD)sort descendingTotal cost (USD)sort descending
8.558.55
Firm
GMT Money
Firm type: Money Transfer Operator
 
Payment instrument
Access point
Agent
Sending network coverage
High
Transfer speed
Receiving method
Agent
Disbursing network coverage
High
Fee
5.005.00
Exchange rate margin (%)
0.73
Percentage difference between market reference rate 47.71 and exchange rate charged 47.360.73
Total cost (%)
1.731.73
Total cost (AUD)sort descendingTotal cost (USD)sort descending
8.658.65
Firm
Aussie Forex & Finance
Firm type: Money Transfer Operator
 
Payment instrument
Access point
Agent, Call Center
Sending network coverage
High
Transfer speed
Receiving method
Agent
Disbursing network coverage
Medium
Fee
5.005.00
Exchange rate margin (%)
0.76
Percentage difference between market reference rate 47.71 and exchange rate charged 47.350.76
Total cost (%)
1.761.76
Total cost (AUD)sort descendingTotal cost (USD)sort descending
8.808.80
Firm
WorldRemit
Firm type: Money Transfer Operator
 
Payment instrument
Access point
Internet
Sending network coverage
High
Transfer speed
Receiving method
Disbursing network coverage
High
Fee
3.993.99
Exchange rate margin (%)
1.03
Percentage difference between market reference rate 47.71 and exchange rate charged 47.221.03
Total cost (%)
1.831.83
Total cost (AUD)sort descendingTotal cost (USD)sort descending
9.159.15
Firm
Citibank
Firm type: Bank
 
Payment instrument
Access point
Internet
Sending network coverage
High
Transfer speed
Receiving method
Disbursing network coverage
High
Fee
0.000.00
Exchange rate margin (%)
1.96
Percentage difference between market reference rate 47.71 and exchange rate charged 46.781.96
Total cost (%)
1.961.96
Total cost (AUD)sort descendingTotal cost (USD)sort descending
9.809.80
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
9.009.00
Exchange rate margin (%)
0.23
Percentage difference between market reference rate 47.71 and exchange rate charged 47.600.23
Total cost (%)
2.032.03
Total cost (AUD)sort descendingTotal cost (USD)sort descending
10.1510.15
Firm
Ria
Firm type: Money Transfer Operator
 
Payment instrument
Access point
Agent
Sending network coverage
High
Transfer speed
Receiving method
Agent
Disbursing network coverage
High
Fee
9.009.00
Exchange rate margin (%)
0.23
Percentage difference between market reference rate 47.71 and exchange rate charged 47.600.23
Total cost (%)
2.032.03
Total cost (AUD)sort descendingTotal cost (USD)sort descending
10.1510.15
Firm
Xpress Money
Firm type: Money Transfer Operator
 
Payment instrument
Access point
Agent
Sending network coverage
Medium
Transfer speed
Receiving method
Agent
Disbursing network coverage
High
Fee
7.007.00
Exchange rate margin (%)
0.86
Percentage difference between market reference rate 47.71 and exchange rate charged 47.300.86
Total cost (%)
2.262.26
Total cost (AUD)sort descendingTotal cost (USD)sort descending
11.3011.30
Firm
Bank of Baroda
Firm type: Bank
 
Payment instrument
Access point
Bank branch, Call Center
Sending network coverage
High
Transfer speed
Receiving method
Disbursing network coverage
High
Fee
10.0010.00
Exchange rate margin (%)
0.65
Percentage difference between market reference rate 47.71 and exchange rate charged 47.400.65
Total cost (%)
2.652.65
Total cost (AUD)sort descendingTotal cost (USD)sort descending
13.2513.25
Firm
State Bank of India
Firm type: Bank
 
Payment instrument
Access point
Internet
Sending network coverage
High
Transfer speed
Receiving method
Disbursing network coverage
High
Fee
10.0010.00
Exchange rate margin (%)
0.65
Percentage difference between market reference rate 47.71 and exchange rate charged 47.400.65
Total cost (%)
2.652.65
Total cost (AUD)sort descendingTotal cost (USD)sort descending
13.2513.25
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
14.0014.00
Exchange rate margin (%)
-0.04
Percentage difference between market reference rate 47.71 and exchange rate charged 47.73-0.04
Total cost (%)
2.762.76
Total cost (AUD)sort descendingTotal cost (USD)sort descending
13.8013.80
Firm
FLASHremit
Firm type: Money Transfer Operator
 
Payment instrument
Access point
Agent, Call Center
Sending network coverage
High
Transfer speed
Receiving method
Disbursing network coverage
High
Fee
10.0010.00
Exchange rate margin (%)
0.90
Percentage difference between market reference rate 47.71 and exchange rate charged 47.280.90
Total cost (%)
2.902.90
Total cost (AUD)sort descendingTotal cost (USD)sort descending
14.5014.50
Firm
HDFC Bank
Firm type: Bank
 
Payment instrument
Access point
Bank branch, Call Center
Sending network coverage
High
Transfer speed
Receiving method
Disbursing network coverage
High
Fee
10.0010.00
Exchange rate margin (%)
0.99
Percentage difference between market reference rate 47.71 and exchange rate charged 47.240.99
Total cost (%)
2.992.99
Total cost (AUD)sort descendingTotal cost (USD)sort descending
14.9514.95
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
15.0015.00
Exchange rate margin (%)
0.23
Percentage difference between market reference rate 47.71 and exchange rate charged 47.600.23
Total cost (%)
3.233.23
Total cost (AUD)sort descendingTotal cost (USD)sort descending
16.1516.15
Firm
Unimoni
Firm type: Money Transfer Operator
 
Payment instrument
Access point
Internet
Sending network coverage
High
Transfer speed
Receiving method
Disbursing network coverage
High
Fee
12.0012.00
Exchange rate margin (%)
0.89
Percentage difference between market reference rate 47.71 and exchange rate charged 47.280.89
Total cost (%)
3.293.29
Total cost (AUD)sort descendingTotal cost (USD)sort descending
16.4516.45
Firm
Fast Remit
Firm type: Money Transfer Operator
 
Payment instrument
Access point
Agent
Sending network coverage
High
Transfer speed
Receiving method
Disbursing network coverage
High
Fee
10.0010.00
Exchange rate margin (%)
1.48
Percentage difference between market reference rate 47.71 and exchange rate charged 47.001.48
Total cost (%)
3.483.48
Total cost (AUD)sort descendingTotal cost (USD)sort descending
17.4017.40
Firm
Westpac
Firm type: Bank
 
Payment instrument
Access point
Internet
Sending network coverage
High
Transfer speed
Receiving method
Disbursing network coverage
High
Fee
0.000.00
Exchange rate margin (%)
4.88
Percentage difference between market reference rate 47.71 and exchange rate charged 45.384.88
Total cost (%)
4.884.88
Total cost (AUD)sort descendingTotal cost (USD)sort descending
24.4024.40
Firm
Commonwealth Bank
Firm type: Bank
 
Payment instrument
Access point
Internet
Sending network coverage
High
Transfer speed
Receiving method
Disbursing network coverage
High
Fee
6.006.00
Exchange rate margin (%)
4.34
Percentage difference between market reference rate 47.71 and exchange rate charged 45.644.34
Total cost (%)
5.545.54
Total cost (AUD)sort descendingTotal cost (USD)sort descending
27.7027.70
Firm
SpeedSend
Firm type: Money Transfer Operator
 
Payment instrument
Access point
Internet
Sending network coverage
High
Transfer speed
Receiving method
Agent
Disbursing network coverage
High
Fee
12.0012.00
Exchange rate margin (%)
4.59
Percentage difference between market reference rate 47.71 and exchange rate charged 45.524.59
Total cost (%)
6.996.99
Total cost (AUD)sort descendingTotal cost (USD)sort descending
34.9534.95
Firm
ANZ Bank
Firm type: Bank
 
Payment instrument
Access point
Internet
Sending network coverage
High
Transfer speed
Receiving method
Disbursing network coverage
High
Fee
18.0018.00
Exchange rate margin (%)
3.71
Percentage difference between market reference rate 47.71 and exchange rate charged 45.943.71
Total cost (%)
7.317.31
Total cost (AUD)sort descendingTotal cost (USD)sort descending
36.5536.55
Firm
ANZ Bank
Firm type: Bank
 
Payment instrument
Access point
Bank branch, Call Center
Sending network coverage
High
Transfer speed
Receiving method
Disbursing network coverage
High
Fee
32.0032.00
Exchange rate margin (%)
3.71
Percentage difference between market reference rate 47.71 and exchange rate charged 45.943.71
Total cost (%)
10.1110.11
Total cost (AUD)sort descendingTotal cost (USD)sort descending
50.5550.55
Firm
Commonwealth Bank
Firm type: Bank
 
Payment instrument
Access point
Bank branch, Call Center
Sending network coverage
High
Transfer speed
Receiving method
Disbursing network coverage
High
Fee
30.0030.00
Exchange rate margin (%)
4.34
Percentage difference between market reference rate 47.71 and exchange rate charged 45.644.34
Total cost (%)
10.3410.34
Total cost (AUD)sort descendingTotal cost (USD)sort descending
51.7051.70
Total Average First Quarter
2.442.44
Total Average Fourth Quarter 2019
2.902.90
Total Average
Fee
6.766.76
Exchange Rate Margin (%)
1.091.09
Total Cost Percent (%)
2.442.44
Total Cost (AUD) Total Cost (USD)
12.2112.21
Non-Transparent records
Bank account transfer Debit/credit card Cash
Less than one hour Same day Next day 2 days 3-5 days
Bank account Cash Own/partner bank account
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