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Sending money from CANADA to INDIA

Data collected on: May 12, 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
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 (%)
0.00
Percentage difference between market reference rate 53.72 and exchange rate charged 53.720.00
Total cost (%)
0.000.00
Total cost (CAD)sort descendingTotal cost (USD)sort descending
0.000.00
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
1.991.99
Exchange rate margin (%)
-0.98
Percentage difference between market reference rate 53.72 and exchange rate charged 54.25-0.98
Total cost (%)
0.010.01
Total cost (CAD)sort descendingTotal cost (USD)sort descending
0.020.02
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 (%)
0.03
Percentage difference between market reference rate 53.72 and exchange rate charged 53.700.03
Total cost (%)
0.030.03
Total cost (CAD)sort descendingTotal cost (USD)sort descending
0.060.06
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 (%)
0.67
Percentage difference between market reference rate 53.72 and exchange rate charged 53.360.67
Total cost (%)
0.670.67
Total cost (CAD)sort descendingTotal cost (USD)sort descending
1.341.34
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 (%)
0.79
Percentage difference between market reference rate 53.72 and exchange rate charged 53.300.79
Total cost (%)
0.790.79
Total cost (CAD)sort descendingTotal cost (USD)sort descending
1.581.58
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 (%)
1.34
Percentage difference between market reference rate 53.72 and exchange rate charged 53.001.34
Total cost (%)
1.341.34
Total cost (CAD)sort descendingTotal cost (USD)sort descending
2.682.68
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 (%)
0.03
Percentage difference between market reference rate 53.72 and exchange rate charged 53.700.03
Total cost (%)
2.282.28
Total cost (CAD)sort descendingTotal cost (USD)sort descending
4.564.56
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 (%)
0.71
Percentage difference between market reference rate 53.72 and exchange rate charged 53.340.71
Total cost (%)
2.702.70
Total cost (CAD)sort descendingTotal cost (USD)sort descending
5.405.40
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 (%)
-0.61
Percentage difference between market reference rate 53.72 and exchange rate charged 54.05-0.61
Total cost (%)
2.892.89
Total cost (CAD)sort descendingTotal cost (USD)sort descending
5.785.78
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 (%)
0.49
Percentage difference between market reference rate 53.72 and exchange rate charged 53.460.49
Total cost (%)
3.993.99
Total cost (CAD)sort descendingTotal cost (USD)sort descending
7.987.98
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 (%)
1.03
Percentage difference between market reference rate 53.72 and exchange rate charged 53.171.03
Total cost (%)
4.034.03
Total cost (CAD)sort descendingTotal cost (USD)sort descending
8.068.06
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 (%)
1.03
Percentage difference between market reference rate 53.72 and exchange rate charged 53.171.03
Total cost (%)
4.034.03
Total cost (CAD)sort descendingTotal cost (USD)sort descending
8.068.06
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 (%)
-0.61
Percentage difference between market reference rate 53.72 and exchange rate charged 54.05-0.61
Total cost (%)
4.394.39
Total cost (CAD)sort descendingTotal cost (USD)sort descending
8.788.78
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 (%)
1.89
Percentage difference between market reference rate 53.72 and exchange rate charged 52.701.89
Total cost (%)
4.394.39
Total cost (CAD)sort descendingTotal cost (USD)sort descending
8.788.78
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 (%)
1.03
Percentage difference between market reference rate 53.72 and exchange rate charged 53.171.03
Total cost (%)
4.534.53
Total cost (CAD)sort descendingTotal cost (USD)sort descending
9.069.06
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 (%)
0.23
Percentage difference between market reference rate 53.72 and exchange rate charged 53.600.23
Total cost (%)
4.724.72
Total cost (CAD)sort descendingTotal cost (USD)sort descending
9.449.44
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 (%)
-0.24
Percentage difference between market reference rate 53.72 and exchange rate charged 53.85-0.24
Total cost (%)
4.764.76
Total cost (CAD)sort descendingTotal cost (USD)sort descending
9.529.52
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 (%)
1.34
Percentage difference between market reference rate 53.72 and exchange rate charged 53.001.34
Total cost (%)
6.346.34
Total cost (CAD)sort descendingTotal cost (USD)sort descending
12.6812.68
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 (%)
1.03
Percentage difference between market reference rate 53.72 and exchange rate charged 53.171.03
Total cost (%)
7.037.03
Total cost (CAD)sort descendingTotal cost (USD)sort descending
14.0614.06
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 (%)
9.299.29
Total cost (CAD)sort descendingTotal cost (USD)sort descending
18.5818.58
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 53.72 and exchange rate charged 53.720.00
Total cost (%)
15.0015.00
Total cost (CAD)sort descendingTotal cost (USD)sort descending
30.0030.00
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 (%)
1.89
Percentage difference between market reference rate 53.72 and exchange rate charged 52.701.89
Total cost (%)
21.8921.89
Total cost (CAD)sort descendingTotal cost (USD)sort descending
43.7843.78
Total Average Second Quarter
4.784.78
Total Average First Quarter
5.145.14
Total Average
Fee
8.328.32
Exchange Rate Margin (%)
0.620.62
Total Cost Percent (%)
4.784.78
Total Cost (CAD) Total Cost (USD)
9.559.55
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
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 (%)
-0.98
Percentage difference between market reference rate 53.72 and exchange rate charged 54.25-0.98
Total cost (%)
-0.98-0.98
Total cost (CAD)sort descendingTotal cost (USD)sort descending
-4.90-4.90
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 (%)
0.00
Percentage difference between market reference rate 53.72 and exchange rate charged 53.720.00
Total cost (%)
0.000.00
Total cost (CAD)sort descendingTotal cost (USD)sort descending
0.000.00
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 (%)
0.03
Percentage difference between market reference rate 53.72 and exchange rate charged 53.700.03
Total cost (%)
0.030.03
Total cost (CAD)sort descendingTotal cost (USD)sort descending
0.150.15
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 (%)
0.67
Percentage difference between market reference rate 53.72 and exchange rate charged 53.360.67
Total cost (%)
0.670.67
Total cost (CAD)sort descendingTotal cost (USD)sort descending
3.353.35
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 (%)
0.79
Percentage difference between market reference rate 53.72 and exchange rate charged 53.300.79
Total cost (%)
0.790.79
Total cost (CAD)sort descendingTotal cost (USD)sort descending
3.953.95
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 (%)
1.34
Percentage difference between market reference rate 53.72 and exchange rate charged 53.001.34
Total cost (%)
1.341.34
Total cost (CAD)sort descendingTotal cost (USD)sort descending
6.706.70
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 (%)
-0.61
Percentage difference between market reference rate 53.72 and exchange rate charged 54.05-0.61
Total cost (%)
1.391.39
Total cost (CAD)sort descendingTotal cost (USD)sort descending
6.956.95
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 (%)
0.71
Percentage difference between market reference rate 53.72 and exchange rate charged 53.340.71
Total cost (%)
1.701.70
Total cost (CAD)sort descendingTotal cost (USD)sort descending
8.508.50
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 (%)
-0.24
Percentage difference between market reference rate 53.72 and exchange rate charged 53.85-0.24
Total cost (%)
1.761.76
Total cost (CAD)sort descendingTotal cost (USD)sort descending
8.808.80
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 (%)
0.49
Percentage difference between market reference rate 53.72 and exchange rate charged 53.460.49
Total cost (%)
1.891.89
Total cost (CAD)sort descendingTotal cost (USD)sort descending
9.459.45
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 (%)
0.23
Percentage difference between market reference rate 53.72 and exchange rate charged 53.600.23
Total cost (%)
2.032.03
Total cost (CAD)sort descendingTotal cost (USD)sort descending
10.1510.15
Firm
Xoom
Firm type: Money Transfer Operator
 
Payment instrument
Access point
Internet
Sending network coverage
High
Transfer speed
Receiving method
Agent
Disbursing network coverage
Medium
Fee
10.9910.99
Exchange rate margin (%)
0.03
Percentage difference between market reference rate 53.72 and exchange rate charged 53.700.03
Total cost (%)
2.232.23
Total cost (CAD)sort descendingTotal cost (USD)sort descending
11.1511.15
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 (%)
-0.61
Percentage difference between market reference rate 53.72 and exchange rate charged 54.05-0.61
Total cost (%)
2.392.39
Total cost (CAD)sort descendingTotal cost (USD)sort descending
11.9511.95
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 (%)
1.03
Percentage difference between market reference rate 53.72 and exchange rate charged 53.171.03
Total cost (%)
2.432.43
Total cost (CAD)sort descendingTotal cost (USD)sort descending
12.1512.15
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 (%)
1.03
Percentage difference between market reference rate 53.72 and exchange rate charged 53.171.03
Total cost (%)
2.632.63
Total cost (CAD)sort descendingTotal cost (USD)sort descending
13.1513.15
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 (%)
1.03
Percentage difference between market reference rate 53.72 and exchange rate charged 53.171.03
Total cost (%)
2.632.63
Total cost (CAD)sort descendingTotal cost (USD)sort descending
13.1513.15
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 (%)
1.89
Percentage difference between market reference rate 53.72 and exchange rate charged 52.701.89
Total cost (%)
2.892.89
Total cost (CAD)sort descendingTotal cost (USD)sort descending
14.4514.45
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 (%)
1.34
Percentage difference between market reference rate 53.72 and exchange rate charged 53.001.34
Total cost (%)
3.343.34
Total cost (CAD)sort descendingTotal cost (USD)sort descending
16.7016.70
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 (%)
1.03
Percentage difference between market reference rate 53.72 and exchange rate charged 53.171.03
Total cost (%)
5.035.03
Total cost (CAD)sort descendingTotal cost (USD)sort descending
25.1525.15
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)sort descendingTotal cost (USD)sort descending
26.2026.20
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 53.72 and exchange rate charged 53.720.00
Total cost (%)
6.006.00
Total cost (CAD)sort descendingTotal cost (USD)sort descending
30.0030.00
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 (%)
1.89
Percentage difference between market reference rate 53.72 and exchange rate charged 52.701.89
Total cost (%)
9.899.89
Total cost (CAD)sort descendingTotal cost (USD)sort descending
49.4549.45
Total Average Second Quarter
2.512.51
Total Average First Quarter
2.782.78
Total Average
Fee
9.489.48
Exchange Rate Margin (%)
0.620.62
Total Cost Percent (%)
2.512.51
Total Cost (CAD) Total Cost (USD)
12.5712.57
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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