Remittance Prices Worldwide

MAKING MARKETS MORE TRANSPARENT

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Sending money from BELGIUM to TURKEY

Data collected on: Feb 16, 2018
EUR | USD
Payment instrument
Access point
Sending network coverage
Receiving method
WorldRemit
Payment instrument
Access point
Internet
Sending network coverage
High
Receiving method
High
5.998.56
0.00
0.00
4.284.28
5.998.56
Western Union
Payment instrument
Access point
Internet
Sending network coverage
High
Receiving method
High
0.000.00
4.31
4.31
4.314.31
6.038.61
MoneyTrans
Payment instrument
Access point
Internet
Sending network coverage
High
Receiving method
High
3.004.29
3.65
3.65
5.795.79
8.1111.59
MoneyTrans
Payment instrument
Access point
Agent
Sending network coverage
High
Receiving method
High
5.007.14
4.51
4.51
8.088.08
11.3116.16
Small World
Payment instrument
Access point
Agent
Sending network coverage
Medium
Receiving method
High
6.008.57
5.21
5.21
9.509.50
13.3019.00
MoneyGram
Payment instrument
Access point
Agent
Sending network coverage
High
Receiving method
High
7.5010.71
4.79
4.79
10.1510.15
14.2120.30
La Poste via Western Union
Payment instrument
Access point
Agent
Sending network coverage
High
Receiving method
High
8.9012.71
4.51
4.51
10.8610.86
15.2021.71
Western Union
Payment instrument
Access point
Agent, Call Center
Sending network coverage
High
Receiving method
High
8.9012.71
4.72
4.72
11.0811.08
15.5122.16
Western Union
Payment instrument
Access point
Internet
Sending network coverage
High
Receiving method
High
9.9014.14
4.42
4.42
11.4911.49
16.0922.99
Total Average First Quarter
8.398.39
Total Average Fourth Quarter 2017
8.118.11
Total Average
Fee
6.138.76
Exchange Rate Margin (%)
4.014.01
Total Cost Percent (%)
8.398.39
Total Cost (EUR) Total Cost (USD)
11.7516.79
Non-Transparent records
Bank account transfer Debit/credit card Cash
Less than one hour Same day
Cash
Payment instrument
Access point
Sending network coverage
Receiving method
WorldRemit
Payment instrument
Access point
Internet
Sending network coverage
High
Receiving method
High
12.9918.83
0.00
0.00
3.773.77
13.0118.86
Western Union
Payment instrument
Access point
Internet
Sending network coverage
High
Receiving method
High
0.000.00
4.31
4.31
4.314.31
14.8721.55
MoneyTrans
Payment instrument
Access point
Internet
Sending network coverage
High
Receiving method
High
3.004.35
3.65
3.65
4.524.52
15.5922.59
MoneyTrans
Payment instrument
Access point
Agent
Sending network coverage
High
Receiving method
High
5.007.25
4.51
4.51
5.965.96
20.5629.80
Small World
Payment instrument
Access point
Agent
Sending network coverage
Medium
Receiving method
High
6.008.70
5.21
5.21
6.956.95
23.9834.75
MoneyGram
Payment instrument
Access point
Agent
Sending network coverage
High
Receiving method
High
10.0014.49
4.79
4.79
7.697.69
26.5338.45
La Poste via Western Union
Payment instrument
Access point
Agent
Sending network coverage
High
Receiving method
High
12.0017.39
4.51
4.51
7.987.98
27.5339.90
Western Union
Payment instrument
Access point
Internet
Sending network coverage
High
Receiving method
High
12.9018.70
4.42
4.42
8.168.16
28.1540.80
Western Union
Payment instrument
Access point
Agent, Call Center
Sending network coverage
High
Receiving method
High
12.0017.39
4.72
4.72
8.208.20
28.2941.00
Total Average First Quarter
6.396.39
Total Average Fourth Quarter 2017
6.026.02
Total Average
Fee
8.2111.90
Exchange Rate Margin (%)
4.014.01
Total Cost Percent (%)
6.396.39
Total Cost (EUR) Total Cost (USD)
22.0631.97
Non-Transparent records
Bank account transfer Debit/credit card Cash
Less than one hour Same day
Cash