Remittance Prices Worldwide

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Transfer money

Sending money from CANADA to GHANA

Data collected on: May 11, 2019
CAD | USD
Firm
Payment instrument
Access point
Sending network coverage
Transfer speed
Receiving method
Disbursing network coverage
Feesort descending
Exchange rate margin (%)
Total cost (%)
Total cost (CAD)Total cost (USD)
Firm
Xoom
Firm type: Money Transfer Operator
 
Payment instrument
Access point
Internet
Sending network coverage
High
Transfer speed
Receiving method
Agent
Disbursing network coverage
High
Feesort descending
4.994.99
Exchange rate margin (%)
2.08
Percentage difference between market reference rate 3.79 and exchange rate charged 3.712.08
Total cost (%)
4.574.57
Total cost (CAD)Total cost (USD)
9.149.14
Firm
Xoom
Firm type: Money Transfer Operator
 
Payment instrument
Access point
Internet
Sending network coverage
High
Transfer speed
Receiving method
Agent
Disbursing network coverage
High
Feesort descending
4.994.99
Exchange rate margin (%)
2.08
Percentage difference between market reference rate 3.79 and exchange rate charged 3.712.08
Total cost (%)
4.574.57
Total cost (CAD)Total cost (USD)
9.149.14
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
Feesort descending
5.005.00
Exchange rate margin (%)
5.04
Percentage difference between market reference rate 3.79 and exchange rate charged 3.605.04
Total cost (%)
7.547.54
Total cost (CAD)Total cost (USD)
15.0815.08
Firm
MoneyGram
Firm type: Money Transfer Operator
 
Payment instrument
Access point
Internet
Sending network coverage
Low
Transfer speed
Receiving method
Agent
Disbursing network coverage
High
Feesort descending
5.005.00
Exchange rate margin (%)
1.24
Percentage difference between market reference rate 3.79 and exchange rate charged 3.741.24
Total cost (%)
3.743.74
Total cost (CAD)Total cost (USD)
7.487.48
Firm
WorldRemit
Firm type: Money Transfer Operator
 
Payment instrument
Access point
Internet
Sending network coverage
High
Transfer speed
Receiving method
Disbursing network coverage
High
Feesort descending
7.997.99
Exchange rate margin (%)
3.37
Percentage difference between market reference rate 3.79 and exchange rate charged 3.663.37
Total cost (%)
7.367.36
Total cost (CAD)Total cost (USD)
14.7214.72
Firm
Ria
Firm type: Money Transfer Operator
 
Payment instrument
Access point
Agent, Call Center
Sending network coverage
Medium
Transfer speed
Receiving method
Agent
Disbursing network coverage
High
Feesort descending
8.008.00
Exchange rate margin (%)
1.53
Percentage difference between market reference rate 3.79 and exchange rate charged 3.731.53
Total cost (%)
5.535.53
Total cost (CAD)Total cost (USD)
11.0611.06
Firm
Xpress Money
Firm type: Money Transfer Operator
 
Payment instrument
Access point
Agent
Sending network coverage
High
Transfer speed
Receiving method
Agent
Disbursing network coverage
High
Feesort descending
10.0010.00
Exchange rate margin (%)
3.00
Percentage difference between market reference rate 3.79 and exchange rate charged 3.683.00
Total cost (%)
8.008.00
Total cost (CAD)Total cost (USD)
16.0016.00
Firm
ScotiaBank
Firm type: Bank
 
Payment instrument
Access point
Internet
Sending network coverage
High
Transfer speed
Receiving method
Agent
Disbursing network coverage
High
Feesort descending
11.0011.00
Exchange rate margin (%)
-1.02
Percentage difference between market reference rate 3.79 and exchange rate charged 3.83-1.02
Total cost (%)
4.484.48
Total cost (CAD)Total cost (USD)
8.968.96
Firm
Royal Bank of Canada
Firm type: Bank
 
Payment instrument
Access point
Internet
Sending network coverage
High
Transfer speed
Receiving method
Disbursing network coverage
High
Feesort descending
13.5013.50
Exchange rate margin (%)
2.19
Percentage difference between market reference rate 0.75 and exchange rate charged 0.732.19
Total cost (%)
8.948.94
Total cost (CAD)Total cost (USD)
17.8817.88
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
Feesort descending
15.0015.00
Exchange rate margin (%)
1.24
Percentage difference between market reference rate 3.79 and exchange rate charged 3.741.24
Total cost (%)
8.748.74
Total cost (CAD)Total cost (USD)
17.4817.48
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
Feesort descending
20.0020.00
Exchange rate margin (%)
3.23
Percentage difference between market reference rate 3.79 and exchange rate charged 3.673.23
Total cost (%)
13.2313.23
Total cost (CAD)Total cost (USD)
26.4626.46
Firm
Western Union
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
Feesort descending
20.0020.00
Exchange rate margin (%)
3.23
Percentage difference between market reference rate 3.79 and exchange rate charged 3.673.23
Total cost (%)
13.2313.23
Total cost (CAD)Total cost (USD)
26.4626.46
Firm
Toronto Dominion Bank
Firm type: Bank
 
Payment instrument
Access point
Bank branch, Call Center, Internet
Sending network coverage
High
Transfer speed
Receiving method
Disbursing network coverage
High
Feesort descending
30.0030.00
Exchange rate margin (%)
2.43
Percentage difference between market reference rate 0.75 and exchange rate charged 0.732.43
Total cost (%)
17.4317.43
Total cost (CAD)Total cost (USD)
34.8634.86
Total Average Second Quarter
8.268.26
Total Average First Quarter
8.048.04
Total Average
Fee
11.9611.96
Exchange Rate Margin (%)
2.282.28
Total Cost Percent (%)
8.268.26
Total Cost (CAD) Total Cost (USD)
16.5216.52
Non-Transparent records
Bank account transfer Debit/credit card Cash
Less than one hour 6 days or more
Bank account Cash Mobile wallet
Firm
Payment instrument
Access point
Sending network coverage
Transfer speed
Receiving method
Disbursing network coverage
Fee
Exchange rate margin (%)
Total cost (%)
Total cost (CAD)Total cost (USD)
Firm
MoneyGram
Firm type: Money Transfer Operator
 
Payment instrument
Access point
Internet
Sending network coverage
Low
Transfer speed
Receiving method
Agent
Disbursing network coverage
High
Fee
5.005.00
Exchange rate margin (%)
1.24
Percentage difference between market reference rate 3.79 and exchange rate charged 3.741.24
Total cost (%)
2.242.24
Total cost (CAD)Total cost (USD)
11.2011.20
Firm
ScotiaBank
Firm type: Bank
 
Payment instrument
Access point
Internet
Sending network coverage
High
Transfer speed
Receiving method
Agent
Disbursing network coverage
High
Fee
14.0014.00
Exchange rate margin (%)
-1.02
Percentage difference between market reference rate 3.79 and exchange rate charged 3.83-1.02
Total cost (%)
1.781.78
Total cost (CAD)Total cost (USD)
8.908.90
Firm
Xoom
Firm type: Money Transfer Operator
 
Payment instrument
Access point
Internet
Sending network coverage
High
Transfer speed
Receiving method
Agent
Disbursing network coverage
High
Fee
10.9910.99
Exchange rate margin (%)
2.08
Percentage difference between market reference rate 3.79 and exchange rate charged 3.712.08
Total cost (%)
4.284.28
Total cost (CAD)Total cost (USD)
21.4021.40
Firm
Xoom
Firm type: Money Transfer Operator
 
Payment instrument
Access point
Internet
Sending network coverage
High
Transfer speed
Receiving method
Agent
Disbursing network coverage
High
Fee
4.994.99
Exchange rate margin (%)
2.08
Percentage difference between market reference rate 3.79 and exchange rate charged 3.712.08
Total cost (%)
3.083.08
Total cost (CAD)Total cost (USD)
15.4015.40
Firm
Ria
Firm type: Money Transfer Operator
 
Payment instrument
Access point
Agent, Call Center
Sending network coverage
Medium
Transfer speed
Receiving method
Agent
Disbursing network coverage
High
Fee
16.0016.00
Exchange rate margin (%)
1.53
Percentage difference between market reference rate 3.79 and exchange rate charged 3.731.53
Total cost (%)
4.734.73
Total cost (CAD)Total cost (USD)
23.6523.65
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
12.9912.99
Exchange rate margin (%)
3.37
Percentage difference between market reference rate 3.79 and exchange rate charged 3.663.37
Total cost (%)
5.975.97
Total cost (CAD)Total cost (USD)
29.8529.85
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
5.005.00
Exchange rate margin (%)
5.04
Percentage difference between market reference rate 3.79 and exchange rate charged 3.605.04
Total cost (%)
6.046.04
Total cost (CAD)Total cost (USD)
30.2030.20
Firm
Xpress 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
18.0018.00
Exchange rate margin (%)
3.00
Percentage difference between market reference rate 3.79 and exchange rate charged 3.683.00
Total cost (%)
6.606.60
Total cost (CAD)Total cost (USD)
33.0033.00
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
20.0020.00
Exchange rate margin (%)
1.24
Percentage difference between market reference rate 3.79 and exchange rate charged 3.741.24
Total cost (%)
5.245.24
Total cost (CAD)Total cost (USD)
26.2026.20
Firm
Royal Bank of Canada
Firm type: Bank
 
Payment instrument
Access point
Internet
Sending network coverage
High
Transfer speed
Receiving method
Disbursing network coverage
High
Fee
13.5013.50
Exchange rate margin (%)
2.19
Percentage difference between market reference rate 0.75 and exchange rate charged 0.732.19
Total cost (%)
4.894.89
Total cost (CAD)Total cost (USD)
24.4524.45
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
30.0030.00
Exchange rate margin (%)
3.23
Percentage difference between market reference rate 3.79 and exchange rate charged 3.673.23
Total cost (%)
9.239.23
Total cost (CAD)Total cost (USD)
46.1546.15
Firm
Western Union
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
30.0030.00
Exchange rate margin (%)
3.23
Percentage difference between market reference rate 3.79 and exchange rate charged 3.673.23
Total cost (%)
9.239.23
Total cost (CAD)Total cost (USD)
46.1546.15
Firm
Toronto Dominion Bank
Firm type: Bank
 
Payment instrument
Access point
Bank branch, Call Center, Internet
Sending network coverage
High
Transfer speed
Receiving method
Disbursing network coverage
High
Fee
30.0030.00
Exchange rate margin (%)
2.43
Percentage difference between market reference rate 0.75 and exchange rate charged 0.732.43
Total cost (%)
8.438.43
Total cost (CAD)Total cost (USD)
42.1542.15
Total Average Second Quarter
5.525.52
Total Average First Quarter
5.095.09
Total Average
Fee
16.1916.19
Exchange Rate Margin (%)
2.282.28
Total Cost Percent (%)
5.525.52
Total Cost (CAD) Total Cost (USD)
27.5927.59
Non-Transparent records
Bank account transfer Debit/credit card Cash
Less than one hour 6 days or more
Bank account Cash Mobile wallet
Least Costly Corridors To Ghana
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