Remittance Prices Worldwide

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Transfer money

Sending money from CANADA to RWANDA

Data collected on: May 11, 2019
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)Total cost (USD)
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
15.0015.00
Exchange rate margin (%)
4.35
Percentage difference between market reference rate 671.54 and exchange rate charged 642.334.35
Total cost (%)
11.8511.85
Total cost (CAD)Total cost (USD)
23.7023.70
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 (%)
3.37
Percentage difference between market reference rate 671.54 and exchange rate charged 648.883.37
Total cost (%)
5.875.87
Total cost (CAD)Total cost (USD)
11.7411.74
Firm
ScotiaBank
Firm type: Bank
 
Payment instrument
Access point
Internet
Sending network coverage
High
Transfer speed
Receiving method
Agent
Disbursing network coverage
High
Fee
11.0011.00
Exchange rate margin (%)
4.04
Percentage difference between market reference rate 0.75 and exchange rate charged 0.724.04
Total cost (%)
9.549.54
Total cost (CAD)Total cost (USD)
19.0819.08
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
16.0016.00
Exchange rate margin (%)
4.02
Percentage difference between market reference rate 671.54 and exchange rate charged 644.524.02
Total cost (%)
12.0212.02
Total cost (CAD)Total cost (USD)
24.0424.04
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
20.0020.00
Exchange rate margin (%)
4.02
Percentage difference between market reference rate 671.54 and exchange rate charged 644.524.02
Total cost (%)
14.0214.02
Total cost (CAD)Total cost (USD)
28.0428.04
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 (%)
4.02
Percentage difference between market reference rate 671.54 and exchange rate charged 644.524.02
Total cost (%)
6.526.52
Total cost (CAD)Total cost (USD)
13.0413.04
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
9.999.99
Exchange rate margin (%)
3.42
Percentage difference between market reference rate 671.54 and exchange rate charged 648.603.42
Total cost (%)
8.418.41
Total cost (CAD)Total cost (USD)
16.8216.82
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
8.008.00
Exchange rate margin (%)
4.33
Percentage difference between market reference rate 671.54 and exchange rate charged 642.434.33
Total cost (%)
8.338.33
Total cost (CAD)Total cost (USD)
16.6616.66
Total Average Second Quarter
9.579.57
Total Average First Quarter
10.8310.83
Total Average
Fee
11.2511.25
Exchange Rate Margin (%)
3.953.95
Total Cost Percent (%)
9.579.57
Total Cost (CAD) Total Cost (USD)
19.1419.14
Non-Transparent records
Bank account transfer Debit/credit card Cash
Less than one hour
Cash Mobile wallet
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
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 (%)
3.37
Percentage difference between market reference rate 671.54 and exchange rate charged 648.883.37
Total cost (%)
4.374.37
Total cost (CAD)Total cost (USD)
21.8521.85
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
Feesort descending
5.005.00
Exchange rate margin (%)
4.02
Percentage difference between market reference rate 671.54 and exchange rate charged 644.524.02
Total cost (%)
5.025.02
Total cost (CAD)Total cost (USD)
25.1025.10
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
8.008.00
Exchange rate margin (%)
4.33
Percentage difference between market reference rate 671.54 and exchange rate charged 642.434.33
Total cost (%)
5.935.93
Total cost (CAD)Total cost (USD)
29.6529.65
Firm
WorldRemit
Firm type: Money Transfer Operator
 
Payment instrument
Access point
Internet
Sending network coverage
High
Transfer speed
Receiving method
Disbursing network coverage
High
Feesort descending
11.9911.99
Exchange rate margin (%)
3.42
Percentage difference between market reference rate 671.54 and exchange rate charged 648.603.42
Total cost (%)
5.815.81
Total cost (CAD)Total cost (USD)
29.0529.05
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
14.0014.00
Exchange rate margin (%)
4.04
Percentage difference between market reference rate 0.75 and exchange rate charged 0.724.04
Total cost (%)
6.846.84
Total cost (CAD)Total cost (USD)
34.2034.20
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
20.0020.00
Exchange rate margin (%)
4.35
Percentage difference between market reference rate 671.54 and exchange rate charged 642.334.35
Total cost (%)
8.358.35
Total cost (CAD)Total cost (USD)
41.7541.75
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
21.0021.00
Exchange rate margin (%)
4.02
Percentage difference between market reference rate 671.54 and exchange rate charged 644.524.02
Total cost (%)
8.228.22
Total cost (CAD)Total cost (USD)
41.1041.10
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
30.0030.00
Exchange rate margin (%)
4.02
Percentage difference between market reference rate 671.54 and exchange rate charged 644.524.02
Total cost (%)
10.0210.02
Total cost (CAD)Total cost (USD)
50.1050.10
Total Average Second Quarter
6.826.82
Total Average First Quarter
8.038.03
Total Average
Fee
14.3714.37
Exchange Rate Margin (%)
3.953.95
Total Cost Percent (%)
6.826.82
Total Cost (CAD) Total Cost (USD)
34.1034.10
Non-Transparent records
Bank account transfer Debit/credit card Cash
Less than one hour
Cash Mobile wallet
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