Remittance Prices Worldwide

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Sending money from CANADA to CHINA

Data collected on: May 31, 2021-Jun 27, 2021
CAD | 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 (CAD)Total cost (USD)
The total cost of sending a remittance transfer includes: the fee charged to the sender plus the exchange rate margin.
Ria
Firm type: Money Transfer Operator
Payment instrument
Access point
Agent
Sending network coverage
High
Receiving method
Agent
High
8.508.50
1.15
Percentage difference between market reference rate 5.23 and exchange rate charged 5.17
1.15
5.405.40
10.8010.80
MoneyGram
Firm type: Money Transfer Operator
Payment instrument
Access point
Agent
Sending network coverage
High
Receiving method
Agent
High
10.0010.00
0.92
Percentage difference between market reference rate 0.82 and exchange rate charged 0.81
0.92
5.925.92
11.8411.84
MoneyGram
Firm type: Money Transfer Operator
Payment instrument
Access point
Internet
Sending network coverage
High
Receiving method
Agent
High
4.994.99
2.92
Percentage difference between market reference rate 0.82 and exchange rate charged 0.80
2.92
5.425.42
10.8410.84
Xoom
Firm type: Money Transfer Operator
Payment instrument
Access point
Internet
Sending network coverage
High
Receiving method
High
4.994.99
3.02
Percentage difference between market reference rate 5.26 and exchange rate charged 5.10
3.02
5.525.52
11.0411.04
Xoom
Firm type: Money Transfer Operator
Payment instrument
Access point
Internet
Sending network coverage
High
Receiving method
High
4.994.99
3.02
Percentage difference between market reference rate 5.26 and exchange rate charged 5.10
3.02
5.525.52
11.0411.04
MoneyTT
Firm type: Money Transfer Operator
Payment instrument
Access point
Agent
Sending network coverage
Low
Receiving method
High
10.0010.00
0.66
Percentage difference between market reference rate 5.28 and exchange rate charged 5.25
0.66
5.665.66
11.3211.32
Western Union
Firm type: Money Transfer Operator
Payment instrument
Access point
Agent, Call Center
Sending network coverage
High
Receiving method
Agent
High
7.007.00
2.74
Percentage difference between market reference rate 5.28 and exchange rate charged 5.14
2.74
6.246.24
12.4812.48
Western Union
Firm type: Money Transfer Operator
Payment instrument
Access point
Internet
Sending network coverage
High
Receiving method
Agent
High
7.007.00
2.74
Percentage difference between market reference rate 5.28 and exchange rate charged 5.14
2.74
6.246.24
12.4812.48
Western Union
Firm type: Money Transfer Operator
Payment instrument
Access point
Agent
Sending network coverage
High
Receiving method
Agent
High
7.007.00
3.97
Percentage difference between market reference rate 5.28 and exchange rate charged 5.07
3.97
7.477.47
14.9414.94
Western Union
Firm type: Money Transfer Operator
Payment instrument
Access point
Internet
Sending network coverage
High
Receiving method
High
0.000.00
3.07
Percentage difference between market reference rate 5.28 and exchange rate charged 5.12
3.07
3.073.07
6.146.14
Bank of China
Firm type: Bank
Payment instrument
Access point
Call Center
Sending network coverage
High
Receiving method
High
20.0020.00
1.72
Percentage difference between market reference rate 5.29 and exchange rate charged 5.20
1.72
11.7211.72
23.4423.44
ScotiaBank
Firm type: Bank
Payment instrument
Access point
Internet
Sending network coverage
High
Receiving method
Agent
High
7.007.00
4.55
Percentage difference between market reference rate 0.83 and exchange rate charged 0.79
4.55
8.058.05
16.1016.10
Bank of China
Firm type: Bank
Payment instrument
Access point
Bank branch
Sending network coverage
High
Receiving method
High
20.0020.00
1.73
Percentage difference between market reference rate 5.29 and exchange rate charged 5.20
1.73
11.7311.73
23.4623.46
Total Average Second Quarter
6.776.77
Total Average First Quarter
6.466.46
Total Average
Fee
8.578.57
Exchange Rate Margin (%)
2.482.48
Total Cost Percent (%)
6.776.77
Total Cost (CAD) Total Cost (USD)
13.5313.53
Non-Transparent records
Bank account transfer Credit Card Debit card Cash
Less than one hour Same day Next day 3-5 days
Bank account Cash
Payment instrument
Access point
Sending network coverage
Receiving method
MoneyTT
Firm type: Money Transfer Operator
Payment instrument
Access point
Agent
Sending network coverage
Low
Receiving method
High
10.0010.00
0.66
Percentage difference between market reference rate 5.28 and exchange rate charged 5.25
0.66
2.662.66
13.3013.30
MoneyGram
Firm type: Money Transfer Operator
Payment instrument
Access point
Agent
Sending network coverage
High
Receiving method
Agent
High
10.0010.00
0.92
Percentage difference between market reference rate 0.82 and exchange rate charged 0.81
0.92
2.922.92
14.6014.60
Ria
Firm type: Money Transfer Operator
Payment instrument
Access point
Agent
Sending network coverage
High
Receiving method
Agent
High
10.0010.00
1.15
Percentage difference between market reference rate 5.23 and exchange rate charged 5.17
1.15
3.153.15
15.7515.75
Bank of China
Firm type: Bank
Payment instrument
Access point
Call Center
Sending network coverage
High
Receiving method
High
20.0020.00
1.72
Percentage difference between market reference rate 5.29 and exchange rate charged 5.20
1.72
5.725.72
28.6028.60
Bank of China
Firm type: Bank
Payment instrument
Access point
Bank branch
Sending network coverage
High
Receiving method
High
20.0020.00
1.73
Percentage difference between market reference rate 5.29 and exchange rate charged 5.20
1.73
5.735.73
28.6528.65
Western Union
Firm type: Money Transfer Operator
Payment instrument
Access point
Agent, Call Center
Sending network coverage
High
Receiving method
Agent
High
15.0015.00
2.74
Percentage difference between market reference rate 5.28 and exchange rate charged 5.14
2.74
5.745.74
28.7028.70
Western Union
Firm type: Money Transfer Operator
Payment instrument
Access point
Internet
Sending network coverage
High
Receiving method
Agent
High
15.0015.00
2.74
Percentage difference between market reference rate 5.28 and exchange rate charged 5.14
2.74
5.745.74
28.7028.70
MoneyGram
Firm type: Money Transfer Operator
Payment instrument
Access point
Internet
Sending network coverage
High
Receiving method
Agent
High
4.994.99
2.92
Percentage difference between market reference rate 0.82 and exchange rate charged 0.80
2.92
3.923.92
19.6019.60
Xoom
Firm type: Money Transfer Operator
Payment instrument
Access point
Internet
Sending network coverage
High
Receiving method
High
4.994.99
3.02
Percentage difference between market reference rate 5.26 and exchange rate charged 5.10
3.02
4.024.02
20.1020.10
Xoom
Firm type: Money Transfer Operator
Payment instrument
Access point
Internet
Sending network coverage
High
Receiving method
High
10.9910.99
3.02
Percentage difference between market reference rate 5.26 and exchange rate charged 5.10
3.02
5.225.22
26.1026.10
Western Union
Firm type: Money Transfer Operator
Payment instrument
Access point
Internet
Sending network coverage
High
Receiving method
High
0.000.00
3.07
Percentage difference between market reference rate 5.28 and exchange rate charged 5.12
3.07
3.073.07
15.3515.35
Western Union
Firm type: Money Transfer Operator
Payment instrument
Access point
Agent
Sending network coverage
High
Receiving method
Agent
High
7.007.00
3.97
Percentage difference between market reference rate 5.28 and exchange rate charged 5.07
3.97
5.375.37
26.8526.85
ScotiaBank
Firm type: Bank
Payment instrument
Access point
Internet
Sending network coverage
High
Receiving method
Agent
High
10.0010.00
4.55
Percentage difference between market reference rate 0.83 and exchange rate charged 0.79
4.55
6.556.55
32.7532.75
Total Average Second Quarter
4.604.60
Total Average First Quarter
4.644.64
Total Average
Fee
10.6110.61
Exchange Rate Margin (%)
2.482.48
Total Cost Percent (%)
4.604.60
Total Cost (CAD) Total Cost (USD)
23.0023.00
Non-Transparent records
Bank account transfer Credit Card Debit card Cash
Less than one hour Same day Next day 3-5 days
Bank account Cash