Remittance Prices Worldwide

MAKING MARKETS MORE TRANSPARENT

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Sending money from CANADA to INDIA

Data collected on: Oct 29, 2020
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)sort descendingTotal cost (USD)sort descending
The total cost of sending a remittance transfer includes: the fee charged to the sender plus the exchange rate margin.
State Bank of India
Firm type: Bank
Payment instrument
Access point
Internet
Sending network coverage
High
Receiving method
High
0.000.00
0.27
Percentage difference between market reference rate 55.79 and exchange rate charged 55.64
0.27
0.270.27
0.540.54
Skrill
Firm type: Money Transfer Operator
Payment instrument
Access point
Internet
Sending network coverage
High
Receiving method
High
0.000.00
0.42
Percentage difference between market reference rate 55.79 and exchange rate charged 55.56
0.42
0.420.42
0.840.84
Kotak Click2Remit
Firm type: Bank
Payment instrument
Access point
Internet
Sending network coverage
High
Receiving method
High
0.000.00
0.76
Percentage difference between market reference rate 55.79 and exchange rate charged 55.37
0.76
0.760.76
1.521.52
Western Union
Firm type: Money Transfer Operator
Payment instrument
Access point
Internet
Sending network coverage
High
Receiving method
High
0.000.00
0.81
Percentage difference between market reference rate 55.79 and exchange rate charged 55.34
0.81
0.810.81
1.621.62
Xoom
Firm type: Money Transfer Operator
Payment instrument
Access point
Internet
Sending network coverage
High
Receiving method
Agent
Medium
0.000.00
1.07
Percentage difference between market reference rate 55.79 and exchange rate charged 55.20
1.07
1.071.07
2.142.14
Remitly
Firm type: Money Transfer Operator
Payment instrument
Access point
Internet
Sending network coverage
High
Receiving method
Agent
High
1.991.99
0.45
Percentage difference between market reference rate 55.79 and exchange rate charged 55.54
0.45
1.451.45
2.902.90
ICICI Bank
Firm type: Bank
Payment instrument
Access point
Bank branch, Call Center, Internet
Sending network coverage
High
Receiving method
High
2.992.99
0.96
Percentage difference between market reference rate 55.79 and exchange rate charged 55.26
0.96
2.462.46
4.924.92
WorldRemit
Firm type: Money Transfer Operator
Payment instrument
Access point
Internet
Sending network coverage
High
Receiving method
High
2.992.99
1.42
Percentage difference between market reference rate 55.79 and exchange rate charged 55.00
1.42
2.922.92
5.845.84
MoneyGram
Firm type: Money Transfer Operator
Payment instrument
Access point
Internet
Sending network coverage
High
Receiving method
Agent
High
4.994.99
0.70
Percentage difference between market reference rate 55.79 and exchange rate charged 55.40
0.70
3.193.19
6.386.38
Xoom
Firm type: Money Transfer Operator
Payment instrument
Access point
Internet
Sending network coverage
High
Receiving method
Agent
Medium
4.494.49
1.07
Percentage difference between market reference rate 55.79 and exchange rate charged 55.20
1.07
3.313.31
6.626.62
Western Union
Firm type: Money Transfer Operator
Payment instrument
Access point
Internet
Sending network coverage
High
Receiving method
Agent
High
6.006.00
0.81
Percentage difference between market reference rate 55.79 and exchange rate charged 55.34
0.81
3.813.81
7.627.62
Ria
Firm type: Money Transfer Operator
Payment instrument
Access point
Agent
Sending network coverage
High
Receiving method
Agent
High
7.007.00
0.52
Percentage difference between market reference rate 55.79 and exchange rate charged 55.51
0.52
4.024.02
8.048.04
Small World
Firm type: Money Transfer Operator
Payment instrument
Access point
Agent
Sending network coverage
Low
Receiving method
Agent
High
7.007.00
0.88
Percentage difference between market reference rate 55.79 and exchange rate charged 55.30
0.88
4.384.38
8.768.76
Ria
Firm type: Money Transfer Operator
Payment instrument
Access point
Internet
Sending network coverage
Medium
Receiving method
Agent
High
8.008.00
0.52
Percentage difference between market reference rate 55.79 and exchange rate charged 55.51
0.52
4.524.52
9.049.04
Western Union
Firm type: Money Transfer Operator
Payment instrument
Access point
Agent
Sending network coverage
High
Receiving method
Agent
High
7.007.00
1.15
Percentage difference between market reference rate 55.79 and exchange rate charged 55.15
1.15
4.654.65
9.309.30
State Bank of India
Firm type: Bank
Payment instrument
Access point
Bank branch, Call Center
Sending network coverage
High
Receiving method
High
10.0010.00
0.27
Percentage difference between market reference rate 55.79 and exchange rate charged 55.64
0.27
5.275.27
10.5410.54
RemitBee
Firm type: Money Transfer Operator
Payment instrument
Access point
Internet
Sending network coverage
High
Receiving method
Agent
High
8.998.99
0.88
Percentage difference between market reference rate 55.79 and exchange rate charged 55.30
0.88
5.385.38
10.7610.76
MoneyGram
Firm type: Money Transfer Operator
Payment instrument
Access point
Agent
Sending network coverage
High
Receiving method
Agent
High
10.0010.00
0.70
Percentage difference between market reference rate 55.79 and exchange rate charged 55.40
0.70
5.705.70
11.4011.40
Royal Bank of Canada
Firm type: Bank
Payment instrument
Access point
Internet
Sending network coverage
High
Receiving method
High
13.5013.50
0.06
Percentage difference between market reference rate 0.75 and exchange rate charged 0.75
0.06
6.816.81
13.6213.62
Western Union
Firm type: Money Transfer Operator
Payment instrument
Access point
Agent, Call Center
Sending network coverage
High
Receiving method
Agent
High
12.0012.00
1.32
Percentage difference between market reference rate 55.79 and exchange rate charged 55.06
1.32
7.327.32
14.6414.64
ScotiaBank
Firm type: Bank
Payment instrument
Access point
Bank branch, Call Center, Internet
Sending network coverage
High
Receiving method
High
15.0015.00
1.50
Percentage difference between market reference rate 0.75 and exchange rate charged 0.74
1.50
9.009.00
18.0018.00
ScotiaBank
Firm type: Bank
Payment instrument
Access point
Internet
Sending network coverage
High
Receiving method
Agent
High
15.0015.00
1.50
Percentage difference between market reference rate 0.75 and exchange rate charged 0.74
1.50
9.009.00
18.0018.00
Toronto Dominion Bank
Firm type: Bank
Payment instrument
Access point
Bank branch, Call Center, Internet
Sending network coverage
High
Receiving method
High
30.0030.00
1.50
Percentage difference between market reference rate 0.75 and exchange rate charged 0.74
1.50
16.5016.50
33.0033.00
Total Average Fourth Quarter 2020
4.484.48
Total Average Third Quarter 2020
4.964.96
Total Average
Fee
7.267.26
Exchange Rate Margin (%)
0.850.85
Total Cost Percent (%)
4.484.48
Total Cost (CAD) Total Cost (USD)
8.968.96
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
Payment instrument
Access point
Sending network coverage
Receiving method
State Bank of India
Firm type: Bank
Payment instrument
Access point
Internet
Sending network coverage
High
Receiving method
High
0.000.00
0.27
Percentage difference between market reference rate 55.79 and exchange rate charged 55.64
0.27
0.270.27
1.351.35
Skrill
Firm type: Money Transfer Operator
Payment instrument
Access point
Internet
Sending network coverage
High
Receiving method
High
0.000.00
0.42
Percentage difference between market reference rate 55.79 and exchange rate charged 55.56
0.42
0.420.42
2.102.10
Remitly
Firm type: Money Transfer Operator
Payment instrument
Access point
Internet
Sending network coverage
High
Receiving method
Agent
High
0.000.00
0.45
Percentage difference between market reference rate 55.79 and exchange rate charged 55.54
0.45
0.450.45
2.252.25
Kotak Click2Remit
Firm type: Bank
Payment instrument
Access point
Internet
Sending network coverage
High
Receiving method
High
0.000.00
0.76
Percentage difference between market reference rate 55.79 and exchange rate charged 55.37
0.76
0.760.76
3.803.80
Western Union
Firm type: Money Transfer Operator
Payment instrument
Access point
Internet
Sending network coverage
High
Receiving method
High
0.000.00
0.81
Percentage difference between market reference rate 55.79 and exchange rate charged 55.34
0.81
0.810.81
4.054.05
Xoom
Firm type: Money Transfer Operator
Payment instrument
Access point
Internet
Sending network coverage
High
Receiving method
Agent
Medium
0.000.00
1.07
Percentage difference between market reference rate 55.79 and exchange rate charged 55.20
1.07
1.071.07
5.355.35
ICICI Bank
Firm type: Bank
Payment instrument
Access point
Bank branch, Call Center, Internet
Sending network coverage
High
Receiving method
High
2.992.99
0.96
Percentage difference between market reference rate 55.79 and exchange rate charged 55.26
0.96
1.561.56
7.807.80
MoneyGram
Firm type: Money Transfer Operator
Payment instrument
Access point
Internet
Sending network coverage
High
Receiving method
Agent
High
4.994.99
0.70
Percentage difference between market reference rate 55.79 and exchange rate charged 55.40
0.70
1.701.70
8.508.50
State Bank of India
Firm type: Bank
Payment instrument
Access point
Bank branch, Call Center
Sending network coverage
High
Receiving method
High
10.0010.00
0.27
Percentage difference between market reference rate 55.79 and exchange rate charged 55.64
0.27
2.272.27
11.3511.35
Small World
Firm type: Money Transfer Operator
Payment instrument
Access point
Agent
Sending network coverage
Low
Receiving method
Agent
High
7.007.00
0.88
Percentage difference between market reference rate 55.79 and exchange rate charged 55.30
0.88
2.282.28
11.4011.40
Western Union
Firm type: Money Transfer Operator
Payment instrument
Access point
Internet
Sending network coverage
High
Receiving method
Agent
High
8.008.00
0.81
Percentage difference between market reference rate 55.79 and exchange rate charged 55.34
0.81
2.412.41
12.0512.05
WorldRemit
Firm type: Money Transfer Operator
Payment instrument
Access point
Internet
Sending network coverage
High
Receiving method
High
4.994.99
1.42
Percentage difference between market reference rate 55.79 and exchange rate charged 55.00
1.42
2.422.42
12.1012.10
Ria
Firm type: Money Transfer Operator
Payment instrument
Access point
Agent
Sending network coverage
High
Receiving method
Agent
High
10.0010.00
0.52
Percentage difference between market reference rate 55.79 and exchange rate charged 55.51
0.52
2.522.52
12.6012.60
Western Union
Firm type: Money Transfer Operator
Payment instrument
Access point
Agent
Sending network coverage
High
Receiving method
Agent
High
7.007.00
1.15
Percentage difference between market reference rate 55.79 and exchange rate charged 55.15
1.15
2.552.55
12.7512.75
RemitBee
Firm type: Money Transfer Operator
Payment instrument
Access point
Internet
Sending network coverage
High
Receiving method
Agent
High
8.998.99
0.88
Percentage difference between market reference rate 55.79 and exchange rate charged 55.30
0.88
2.682.68
13.4013.40
MoneyGram
Firm type: Money Transfer Operator
Payment instrument
Access point
Agent
Sending network coverage
High
Receiving method
Agent
High
10.0010.00
0.70
Percentage difference between market reference rate 55.79 and exchange rate charged 55.40
0.70
2.702.70
13.5013.50
Royal Bank of Canada
Firm type: Bank
Payment instrument
Access point
Internet
Sending network coverage
High
Receiving method
High
13.5013.50
0.06
Percentage difference between market reference rate 0.75 and exchange rate charged 0.75
0.06
2.762.76
13.8013.80
Xoom
Firm type: Money Transfer Operator
Payment instrument
Access point
Internet
Sending network coverage
High
Receiving method
Agent
Medium
10.9910.99
1.07
Percentage difference between market reference rate 55.79 and exchange rate charged 55.20
1.07
3.273.27
16.3516.35
Ria
Firm type: Money Transfer Operator
Payment instrument
Access point
Internet
Sending network coverage
Medium
Receiving method
Agent
High
15.0015.00
0.52
Percentage difference between market reference rate 55.79 and exchange rate charged 55.51
0.52
3.523.52
17.6017.60
ScotiaBank
Firm type: Bank
Payment instrument
Access point
Bank branch, Call Center, Internet
Sending network coverage
High
Receiving method
High
15.0015.00
1.50
Percentage difference between market reference rate 0.75 and exchange rate charged 0.74
1.50
4.504.50
22.5022.50
ScotiaBank
Firm type: Bank
Payment instrument
Access point
Internet
Sending network coverage
High
Receiving method
Agent
High
15.0015.00
1.50
Percentage difference between market reference rate 0.75 and exchange rate charged 0.74
1.50
4.504.50
22.5022.50
Western Union
Firm type: Money Transfer Operator
Payment instrument
Access point
Agent, Call Center
Sending network coverage
High
Receiving method
Agent
High
20.0020.00
1.32
Percentage difference between market reference rate 55.79 and exchange rate charged 55.06
1.32
5.325.32
26.6026.60
Toronto Dominion Bank
Firm type: Bank
Payment instrument
Access point
Bank branch, Call Center, Internet
Sending network coverage
High
Receiving method
High
30.0030.00
1.50
Percentage difference between market reference rate 0.75 and exchange rate charged 0.74
1.50
7.507.50
37.5037.50
Total Average Fourth Quarter 2020
2.532.53
Total Average Third Quarter 2020
2.692.69
Total Average
Fee
8.418.41
Exchange Rate Margin (%)
0.850.85
Total Cost Percent (%)
2.532.53
Total Cost (CAD) Total Cost (USD)
12.6612.66
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