Remittance Prices Worldwide

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Transfer money

Sending money from CANADA to GHANA

Data collected on: May 12, 2020
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 (%)
2.84
Percentage difference between market reference rate 4.01 and exchange rate charged 3.892.84
Total cost (%)
5.345.34
Total cost (CAD)Total cost (USD)
10.6810.68
Firm
MoneyGram
Firm type: Money Transfer Operator
 
Payment instrument
Access point
Agent, Internet
Sending network coverage
High
Transfer speed
Receiving method
Agent
Disbursing network coverage
High
Feesort descending
4.994.99
Exchange rate margin (%)
2.63
Percentage difference between market reference rate 4.01 and exchange rate charged 3.902.63
Total cost (%)
5.125.12
Total cost (CAD)Total cost (USD)
10.2410.24
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 (%)
2.84
Percentage difference between market reference rate 4.01 and exchange rate charged 3.892.84
Total cost (%)
5.345.34
Total cost (CAD)Total cost (USD)
10.6810.68
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
5.005.00
Exchange rate margin (%)
4.25
Percentage difference between market reference rate 4.01 and exchange rate charged 3.844.25
Total cost (%)
6.756.75
Total cost (CAD)Total cost (USD)
13.5013.50
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
7.007.00
Exchange rate margin (%)
4.37
Percentage difference between market reference rate 4.01 and exchange rate charged 3.834.37
Total cost (%)
7.877.87
Total cost (CAD)Total cost (USD)
15.7415.74
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
7.007.00
Exchange rate margin (%)
1.01
Percentage difference between market reference rate 4.01 and exchange rate charged 3.971.01
Total cost (%)
4.514.51
Total cost (CAD)Total cost (USD)
9.029.02
Firm
Ria
Firm type: Money Transfer Operator
 
Payment instrument
Access point
Internet
Sending network coverage
Medium
Transfer speed
Receiving method
Agent
Disbursing network coverage
High
Feesort descending
7.007.00
Exchange rate margin (%)
1.01
Percentage difference between market reference rate 4.01 and exchange rate charged 3.971.01
Total cost (%)
4.514.51
Total cost (CAD)Total cost (USD)
9.029.02
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 (%)
7.04
Percentage difference between market reference rate 4.01 and exchange rate charged 3.727.04
Total cost (%)
11.0411.04
Total cost (CAD)Total cost (USD)
22.0822.08
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 (%)
2.54
Percentage difference between market reference rate 0.71 and exchange rate charged 0.702.54
Total cost (%)
9.299.29
Total cost (CAD)Total cost (USD)
18.5818.58
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 (%)
4.37
Percentage difference between market reference rate 4.01 and exchange rate charged 3.834.37
Total cost (%)
14.3714.37
Total cost (CAD)Total cost (USD)
28.7428.74
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 (%)
4.37
Percentage difference between market reference rate 4.01 and exchange rate charged 3.834.37
Total cost (%)
14.3714.37
Total cost (CAD)Total cost (USD)
28.7428.74
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 (%)
0.00
Percentage difference between market reference rate 4.01 and exchange rate charged 4.010.00
Total cost (%)
15.0015.00
Total cost (CAD)Total cost (USD)
30.0030.00
Total Average Second Quarter
8.638.63
Total Average First Quarter
8.168.16
Total Average
Fee
11.0411.04
Exchange Rate Margin (%)
3.113.11
Total Cost Percent (%)
8.638.63
Total Cost (CAD) Total Cost (USD)
17.2517.25
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
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
10.0010.00
Exchange rate margin (%)
1.01
Percentage difference between market reference rate 4.01 and exchange rate charged 3.971.01
Total cost (%)
3.013.01
Total cost (CAD)Total cost (USD)
15.0515.05
Firm
Ria
Firm type: Money Transfer Operator
 
Payment instrument
Access point
Internet
Sending network coverage
Medium
Transfer speed
Receiving method
Agent
Disbursing network coverage
High
Fee
10.0010.00
Exchange rate margin (%)
1.01
Percentage difference between market reference rate 4.01 and exchange rate charged 3.971.01
Total cost (%)
3.013.01
Total cost (CAD)Total cost (USD)
15.0515.05
Firm
MoneyGram
Firm type: Money Transfer Operator
 
Payment instrument
Access point
Agent, Internet
Sending network coverage
High
Transfer speed
Receiving method
Agent
Disbursing network coverage
High
Fee
4.994.99
Exchange rate margin (%)
2.63
Percentage difference between market reference rate 4.01 and exchange rate charged 3.902.63
Total cost (%)
3.633.63
Total cost (CAD)Total cost (USD)
18.1518.15
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 (%)
2.84
Percentage difference between market reference rate 4.01 and exchange rate charged 3.892.84
Total cost (%)
5.045.04
Total cost (CAD)Total cost (USD)
25.2025.20
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 (%)
2.84
Percentage difference between market reference rate 4.01 and exchange rate charged 3.892.84
Total cost (%)
3.843.84
Total cost (CAD)Total cost (USD)
19.2019.20
Firm
ScotiaBank
Firm type: Bank
 
Payment instrument
Access point
Internet
Sending network coverage
High
Transfer speed
Receiving method
Agent
Disbursing network coverage
High
Fee
5.005.00
Exchange rate margin (%)
4.25
Percentage difference between market reference rate 4.01 and exchange rate charged 3.844.25
Total cost (%)
5.255.25
Total cost (CAD)Total cost (USD)
26.2526.25
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
7.007.00
Exchange rate margin (%)
4.37
Percentage difference between market reference rate 4.01 and exchange rate charged 3.834.37
Total cost (%)
5.775.77
Total cost (CAD)Total cost (USD)
28.8528.85
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 (%)
2.54
Percentage difference between market reference rate 0.71 and exchange rate charged 0.702.54
Total cost (%)
5.245.24
Total cost (CAD)Total cost (USD)
26.2026.20
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 (%)
7.04
Percentage difference between market reference rate 4.01 and exchange rate charged 3.727.04
Total cost (%)
9.649.64
Total cost (CAD)Total cost (USD)
48.2048.20
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 (%)
4.37
Percentage difference between market reference rate 4.01 and exchange rate charged 3.834.37
Total cost (%)
10.3710.37
Total cost (CAD)Total cost (USD)
51.8551.85
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 (%)
4.37
Percentage difference between market reference rate 4.01 and exchange rate charged 3.834.37
Total cost (%)
10.3710.37
Total cost (CAD)Total cost (USD)
51.8551.85
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 (%)
0.00
Percentage difference between market reference rate 4.01 and exchange rate charged 4.010.00
Total cost (%)
6.006.00
Total cost (CAD)Total cost (USD)
30.0030.00
Total Average Second Quarter
5.935.93
Total Average First Quarter
5.295.29
Total Average
Fee
14.1214.12
Exchange Rate Margin (%)
3.113.11
Total Cost Percent (%)
5.935.93
Total Cost (CAD) Total Cost (USD)
29.6529.65
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
Least Costly Corridors From Canada
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