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Sending money from CANADA to INDIA

Data collected on: Jul 30, 2020
CAD | USD
Firm
Payment instrument
Access point
Sending network coverage
Transfer speed
Receiving method
Disbursing network coverage
Fee
Exchange rate margin (%)
Total cost (%)
Total cost (CAD)sort descendingTotal cost (USD)sort descending
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 (%)
-0.14
Percentage difference between market reference rate 55.88 and exchange rate charged 55.96-0.14
Total cost (%)
-0.14-0.14
Total cost (CAD)sort descendingTotal cost (USD)sort descending
-0.28-0.28
Firm
Xoom
Firm type: Money Transfer Operator
 
Payment instrument
Access point
Internet
Sending network coverage
High
Transfer speed
Receiving method
Agent
Disbursing network coverage
Medium
Fee
0.000.00
Exchange rate margin (%)
0.40
Percentage difference between market reference rate 55.88 and exchange rate charged 55.660.40
Total cost (%)
0.400.40
Total cost (CAD)sort descendingTotal cost (USD)sort descending
0.800.80
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
0.000.00
Exchange rate margin (%)
0.87
Percentage difference between market reference rate 55.88 and exchange rate charged 55.400.87
Total cost (%)
0.870.87
Total cost (CAD)sort descendingTotal cost (USD)sort descending
1.741.74
Firm
Skrill
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 (%)
0.94
Percentage difference between market reference rate 55.88 and exchange rate charged 55.360.94
Total cost (%)
0.940.94
Total cost (CAD)sort descendingTotal cost (USD)sort descending
1.881.88
Firm
ICICI 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
0.000.00
Exchange rate margin (%)
1.18
Percentage difference between market reference rate 55.88 and exchange rate charged 55.231.18
Total cost (%)
1.181.18
Total cost (CAD)sort descendingTotal cost (USD)sort descending
2.362.36
Firm
Remitly
Firm type: Money Transfer Operator
 
Payment instrument
Access point
Internet
Sending network coverage
High
Transfer speed
Receiving method
Agent
Disbursing network coverage
High
Fee
1.991.99
Exchange rate margin (%)
0.64
Percentage difference between market reference rate 55.88 and exchange rate charged 55.530.64
Total cost (%)
1.631.63
Total cost (CAD)sort descendingTotal cost (USD)sort descending
3.263.26
Firm
Xoom
Firm type: Money Transfer Operator
 
Payment instrument
Access point
Internet
Sending network coverage
High
Transfer speed
Receiving method
Agent
Disbursing network coverage
Medium
Fee
4.494.49
Exchange rate margin (%)
0.40
Percentage difference between market reference rate 55.88 and exchange rate charged 55.660.40
Total cost (%)
2.652.65
Total cost (CAD)sort descendingTotal cost (USD)sort descending
5.305.30
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 (%)
-0.83
Percentage difference between market reference rate 55.88 and exchange rate charged 56.35-0.83
Total cost (%)
2.672.67
Total cost (CAD)sort descendingTotal cost (USD)sort descending
5.345.34
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 (%)
0.84
Percentage difference between market reference rate 55.88 and exchange rate charged 55.410.84
Total cost (%)
2.842.84
Total cost (CAD)sort descendingTotal cost (USD)sort descending
5.685.68
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
6.006.00
Exchange rate margin (%)
0.46
Percentage difference between market reference rate 55.88 and exchange rate charged 55.630.46
Total cost (%)
3.463.46
Total cost (CAD)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
Disbursing network coverage
High
Fee
6.006.00
Exchange rate margin (%)
0.46
Percentage difference between market reference rate 55.88 and exchange rate charged 55.630.46
Total cost (%)
3.463.46
Total cost (CAD)sort descendingTotal cost (USD)sort descending
6.926.92
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 (%)
0.46
Percentage difference between market reference rate 55.88 and exchange rate charged 55.630.46
Total cost (%)
3.963.96
Total cost (CAD)sort descendingTotal cost (USD)sort descending
7.927.92
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 (%)
1.58
Percentage difference between market reference rate 55.88 and exchange rate charged 55.001.58
Total cost (%)
4.084.08
Total cost (CAD)sort descendingTotal cost (USD)sort descending
8.168.16
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 (%)
-0.83
Percentage difference between market reference rate 55.88 and exchange rate charged 56.35-0.83
Total cost (%)
4.174.17
Total cost (CAD)sort descendingTotal cost (USD)sort descending
8.348.34
Firm
RemitBee
Firm type: Money Transfer Operator
 
Payment instrument
Access point
Internet
Sending network coverage
High
Transfer speed
Receiving method
Agent
Disbursing network coverage
High
Fee
8.998.99
Exchange rate margin (%)
-0.21
Percentage difference between market reference rate 55.88 and exchange rate charged 56.00-0.21
Total cost (%)
4.294.29
Total cost (CAD)sort descendingTotal cost (USD)sort descending
8.588.58
Firm
Small World
Firm type: Money Transfer Operator
 
Payment instrument
Access point
Agent
Sending network coverage
Low
Transfer speed
Receiving method
Agent
Disbursing network coverage
High
Fee
7.007.00
Exchange rate margin (%)
1.40
Percentage difference between market reference rate 55.88 and exchange rate charged 55.101.40
Total cost (%)
4.904.90
Total cost (CAD)sort descendingTotal cost (USD)sort descending
9.809.80
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
10.0010.00
Exchange rate margin (%)
0.31
Percentage difference between market reference rate 55.88 and exchange rate charged 55.710.31
Total cost (%)
5.315.31
Total cost (CAD)sort descendingTotal cost (USD)sort descending
10.6210.62
Firm
State Bank of India
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 (%)
0.87
Percentage difference between market reference rate 55.88 and exchange rate charged 55.400.87
Total cost (%)
5.875.87
Total cost (CAD)sort descendingTotal cost (USD)sort descending
11.7411.74
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
12.0012.00
Exchange rate margin (%)
0.46
Percentage difference between market reference rate 55.88 and exchange rate charged 55.630.46
Total cost (%)
6.466.46
Total cost (CAD)sort descendingTotal cost (USD)sort descending
12.9212.92
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 (%)
3.69
Percentage difference between market reference rate 55.88 and exchange rate charged 53.823.69
Total cost (%)
10.4410.44
Total cost (CAD)sort descendingTotal cost (USD)sort descending
20.8820.88
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 (%)
3.01
Percentage difference between market reference rate 55.88 and exchange rate charged 54.203.01
Total cost (%)
18.0118.01
Total cost (CAD)sort descendingTotal cost (USD)sort descending
36.0236.02
Firm
ScotiaBank
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
40.0040.00
Exchange rate margin (%)
1.58
Percentage difference between market reference rate 55.88 and exchange rate charged 55.001.58
Total cost (%)
21.5821.58
Total cost (CAD)sort descendingTotal cost (USD)sort descending
43.1643.16
Total Average Third Quarter
4.964.96
Total Average Second Quarter
4.784.78
Total Average
Fee
8.328.32
Exchange Rate Margin (%)
0.800.80
Total Cost Percent (%)
4.964.96
Total Cost (CAD) Total Cost (USD)
9.919.91
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 (CAD)sort descendingTotal cost (USD)sort descending
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 (%)
-0.14
Percentage difference between market reference rate 55.88 and exchange rate charged 55.96-0.14
Total cost (%)
-0.14-0.14
Total cost (CAD)sort descendingTotal cost (USD)sort descending
-0.70-0.70
Firm
Xoom
Firm type: Money Transfer Operator
 
Payment instrument
Access point
Internet
Sending network coverage
High
Transfer speed
Receiving method
Agent
Disbursing network coverage
Medium
Fee
0.000.00
Exchange rate margin (%)
0.40
Percentage difference between market reference rate 55.88 and exchange rate charged 55.660.40
Total cost (%)
0.400.40
Total cost (CAD)sort descendingTotal cost (USD)sort descending
2.002.00
Firm
Remitly
Firm type: Money Transfer Operator
 
Payment instrument
Access point
Internet
Sending network coverage
High
Transfer speed
Receiving method
Agent
Disbursing network coverage
High
Fee
0.000.00
Exchange rate margin (%)
0.64
Percentage difference between market reference rate 55.88 and exchange rate charged 55.530.64
Total cost (%)
0.640.64
Total cost (CAD)sort descendingTotal cost (USD)sort descending
3.203.20
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
0.000.00
Exchange rate margin (%)
0.87
Percentage difference between market reference rate 55.88 and exchange rate charged 55.400.87
Total cost (%)
0.870.87
Total cost (CAD)sort descendingTotal cost (USD)sort descending
4.354.35
Firm
Skrill
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 (%)
0.94
Percentage difference between market reference rate 55.88 and exchange rate charged 55.360.94
Total cost (%)
0.940.94
Total cost (CAD)sort descendingTotal cost (USD)sort descending
4.704.70
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
10.0010.00
Exchange rate margin (%)
-0.83
Percentage difference between market reference rate 55.88 and exchange rate charged 56.35-0.83
Total cost (%)
1.171.17
Total cost (CAD)sort descendingTotal cost (USD)sort descending
5.855.85
Firm
ICICI 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
0.000.00
Exchange rate margin (%)
1.18
Percentage difference between market reference rate 55.88 and exchange rate charged 55.231.18
Total cost (%)
1.181.18
Total cost (CAD)sort descendingTotal cost (USD)sort descending
5.905.90
Firm
RemitBee
Firm type: Money Transfer Operator
 
Payment instrument
Access point
Internet
Sending network coverage
High
Transfer speed
Receiving method
Agent
Disbursing network coverage
High
Fee
8.998.99
Exchange rate margin (%)
-0.21
Percentage difference between market reference rate 55.88 and exchange rate charged 56.00-0.21
Total cost (%)
1.591.59
Total cost (CAD)sort descendingTotal cost (USD)sort descending
7.957.95
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
4.994.99
Exchange rate margin (%)
0.84
Percentage difference between market reference rate 55.88 and exchange rate charged 55.410.84
Total cost (%)
1.841.84
Total cost (CAD)sort descendingTotal cost (USD)sort descending
9.209.20
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 (%)
0.46
Percentage difference between market reference rate 55.88 and exchange rate charged 55.630.46
Total cost (%)
1.861.86
Total cost (CAD)sort descendingTotal cost (USD)sort descending
9.309.30
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
8.008.00
Exchange rate margin (%)
0.46
Percentage difference between market reference rate 55.88 and exchange rate charged 55.630.46
Total cost (%)
2.062.06
Total cost (CAD)sort descendingTotal cost (USD)sort descending
10.3010.30
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
8.008.00
Exchange rate margin (%)
0.46
Percentage difference between market reference rate 55.88 and exchange rate charged 55.630.46
Total cost (%)
2.062.06
Total cost (CAD)sort descendingTotal cost (USD)sort descending
10.3010.30
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
15.0015.00
Exchange rate margin (%)
-0.83
Percentage difference between market reference rate 55.88 and exchange rate charged 56.35-0.83
Total cost (%)
2.172.17
Total cost (CAD)sort descendingTotal cost (USD)sort descending
10.8510.85
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
10.0010.00
Exchange rate margin (%)
0.31
Percentage difference between market reference rate 55.88 and exchange rate charged 55.710.31
Total cost (%)
2.312.31
Total cost (CAD)sort descendingTotal cost (USD)sort descending
11.5511.55
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 (%)
1.58
Percentage difference between market reference rate 55.88 and exchange rate charged 55.001.58
Total cost (%)
2.582.58
Total cost (CAD)sort descendingTotal cost (USD)sort descending
12.9012.90
Firm
Xoom
Firm type: Money Transfer Operator
 
Payment instrument
Access point
Internet
Sending network coverage
High
Transfer speed
Receiving method
Agent
Disbursing network coverage
Medium
Fee
10.9910.99
Exchange rate margin (%)
0.40
Percentage difference between market reference rate 55.88 and exchange rate charged 55.660.40
Total cost (%)
2.602.60
Total cost (CAD)sort descendingTotal cost (USD)sort descending
13.0013.00
Firm
Small World
Firm type: Money Transfer Operator
 
Payment instrument
Access point
Agent
Sending network coverage
Low
Transfer speed
Receiving method
Agent
Disbursing network coverage
High
Fee
7.007.00
Exchange rate margin (%)
1.40
Percentage difference between market reference rate 55.88 and exchange rate charged 55.101.40
Total cost (%)
2.802.80
Total cost (CAD)sort descendingTotal cost (USD)sort descending
14.0014.00
Firm
State Bank of India
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 (%)
0.87
Percentage difference between market reference rate 55.88 and exchange rate charged 55.400.87
Total cost (%)
2.872.87
Total cost (CAD)sort descendingTotal cost (USD)sort descending
14.3514.35
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
20.0020.00
Exchange rate margin (%)
0.46
Percentage difference between market reference rate 55.88 and exchange rate charged 55.630.46
Total cost (%)
4.464.46
Total cost (CAD)sort descendingTotal cost (USD)sort descending
22.3022.30
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 (%)
3.69
Percentage difference between market reference rate 55.88 and exchange rate charged 53.823.69
Total cost (%)
6.396.39
Total cost (CAD)sort descendingTotal cost (USD)sort descending
31.9531.95
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 (%)
3.01
Percentage difference between market reference rate 55.88 and exchange rate charged 54.203.01
Total cost (%)
9.019.01
Total cost (CAD)sort descendingTotal cost (USD)sort descending
45.0545.05
Firm
ScotiaBank
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
40.0040.00
Exchange rate margin (%)
1.58
Percentage difference between market reference rate 55.88 and exchange rate charged 55.001.58
Total cost (%)
9.589.58
Total cost (CAD)sort descendingTotal cost (USD)sort descending
47.9047.90
Total Average Third Quarter
2.692.69
Total Average Second Quarter
2.512.51
Total Average
Fee
9.489.48
Exchange Rate Margin (%)
0.800.80
Total Cost Percent (%)
2.692.69
Total Cost (CAD) Total Cost (USD)
13.4613.46
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
Least Costly Corridors To India
Least Costly Corridors From Canada
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