Remittance Prices Worldwide

MAKING MARKETS MORE TRANSPARENT

From CACanada you can also send money to

Sending money from CANADA to ZIMBABWE

Data collected on: Mar 27, 2021
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 (%)sort descending
The total cost of sending a remittance transfer includes: the fee charged to the sender plus the exchange rate margin.
Total cost (CAD)Total cost (USD)
The total cost of sending a remittance transfer includes: the fee charged to the sender plus the exchange rate margin.
ScotiaBank
Firm type: Bank
Payment instrument
Access point
Internet
Sending network coverage
High
Receiving method
Agent
Medium
1.991.99
2.66
Percentage difference between market reference rate 0.79 and exchange rate charged 0.77
2.66
3.663.66
7.327.32
MoneyGram
Firm type: Money Transfer Operator
Payment instrument
Access point
Internet
Sending network coverage
High
Receiving method
Agent
High
4.994.99
2.15
Percentage difference between market reference rate 0.79 and exchange rate charged 0.78
2.15
4.644.64
9.289.28
MoneyGram
Firm type: Money Transfer Operator
Payment instrument
Access point
Agent
Sending network coverage
High
Receiving method
Agent
High
6.006.00
2.15
Percentage difference between market reference rate 0.79 and exchange rate charged 0.78
2.15
5.155.15
10.3010.30
WorldRemit
Firm type: Money Transfer Operator
Payment instrument
Access point
Internet
Sending network coverage
High
Receiving method
Agent
High
4.994.99
4.08
Percentage difference between market reference rate 0.79 and exchange rate charged 0.76
4.08
6.576.57
13.1413.14
WorldRemit
Firm type: Money Transfer Operator
Payment instrument
Access point
Internet
Sending network coverage
High
Receiving method
High
9.999.99
2.90
Percentage difference between market reference rate 0.79 and exchange rate charged 0.77
2.90
7.907.90
15.8015.80
Western Union
Firm type: Money Transfer Operator
Payment instrument
Access point
Internet
Sending network coverage
High
Receiving method
Agent
High
7.007.00
4.58
Percentage difference between market reference rate 0.79 and exchange rate charged 0.76
4.58
8.088.08
16.1616.16
Royal Bank of Canada
Firm type: Bank
Payment instrument
Access point
Internet
Sending network coverage
High
Receiving method
High
13.5013.50
1.90
Percentage difference between market reference rate 0.79 and exchange rate charged 0.78
1.90
8.658.65
17.3017.30
Western Union
Firm type: Money Transfer Operator
Payment instrument
Access point
Agent, Call Center
Sending network coverage
High
Receiving method
Agent
Medium
9.009.00
4.58
Percentage difference between market reference rate 0.79 and exchange rate charged 0.76
4.58
9.089.08
18.1618.16
Western Union
Firm type: Money Transfer Operator
Payment instrument
Access point
Agent
Sending network coverage
High
Receiving method
Agent
High
7.007.00
6.38
Percentage difference between market reference rate 0.79 and exchange rate charged 0.74
6.38
9.889.88
19.7619.76
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
0.38
Percentage difference between market reference rate 0.79 and exchange rate charged 0.79
0.38
15.3815.38
30.7630.76
Total Average First Quarter
7.907.90
Total Average Fourth Quarter 2020
6.426.42
Total Average
Fee
9.459.45
Exchange Rate Margin (%)
3.183.18
Total Cost Percent (%)
7.907.90
Total Cost (CAD) Total Cost (USD)
15.8015.80
Non-Transparent records
Bank account transfer Debit/credit card Cash
Less than one hour 6 days or more
Bank account Cash Mobile wallet
Payment instrument
Access point
Sending network coverage
Receiving method
ScotiaBank
Firm type: Bank
Payment instrument
Access point
Internet
Sending network coverage
High
Receiving method
Agent
Medium
1.991.99
2.66
Percentage difference between market reference rate 0.79 and exchange rate charged 0.77
2.66
3.063.06
15.3015.30
MoneyGram
Firm type: Money Transfer Operator
Payment instrument
Access point
Internet
Sending network coverage
High
Receiving method
Agent
High
4.994.99
2.15
Percentage difference between market reference rate 0.79 and exchange rate charged 0.78
2.15
3.143.14
15.7015.70
MoneyGram
Firm type: Money Transfer Operator
Payment instrument
Access point
Agent
Sending network coverage
High
Receiving method
Agent
High
15.0015.00
2.15
Percentage difference between market reference rate 0.79 and exchange rate charged 0.78
2.15
5.155.15
25.7525.75
WorldRemit
Firm type: Money Transfer Operator
Payment instrument
Access point
Internet
Sending network coverage
High
Receiving method
Agent
High
4.994.99
4.08
Percentage difference between market reference rate 0.79 and exchange rate charged 0.76
4.08
5.075.07
25.3525.35
WorldRemit
Firm type: Money Transfer Operator
Payment instrument
Access point
Internet
Sending network coverage
High
Receiving method
High
14.9914.99
2.90
Percentage difference between market reference rate 0.79 and exchange rate charged 0.77
2.90
5.905.90
29.5029.50
Western Union
Firm type: Money Transfer Operator
Payment instrument
Access point
Internet
Sending network coverage
High
Receiving method
Agent
High
15.0015.00
4.58
Percentage difference between market reference rate 0.79 and exchange rate charged 0.76
4.58
7.587.58
37.9037.90
Royal Bank of Canada
Firm type: Bank
Payment instrument
Access point
Internet
Sending network coverage
High
Receiving method
High
13.5013.50
1.90
Percentage difference between market reference rate 0.79 and exchange rate charged 0.78
1.90
4.604.60
23.0023.00
Western Union
Firm type: Money Transfer Operator
Payment instrument
Access point
Agent, Call Center
Sending network coverage
High
Receiving method
Agent
Medium
9.009.00
4.58
Percentage difference between market reference rate 0.79 and exchange rate charged 0.76
4.58
6.386.38
31.9031.90
Western Union
Firm type: Money Transfer Operator
Payment instrument
Access point
Agent
Sending network coverage
High
Receiving method
Agent
High
7.007.00
6.38
Percentage difference between market reference rate 0.79 and exchange rate charged 0.74
6.38
7.787.78
38.9038.90
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
0.38
Percentage difference between market reference rate 0.79 and exchange rate charged 0.79
0.38
6.386.38
31.9031.90
Total Average First Quarter
5.505.50
Total Average Fourth Quarter 2020
4.054.05
Total Average
Fee
11.6511.65
Exchange Rate Margin (%)
3.183.18
Total Cost Percent (%)
5.505.50
Total Cost (CAD) Total Cost (USD)
27.5227.52
Non-Transparent records
Bank account transfer Debit/credit card Cash
Less than one hour 6 days or more
Bank account Cash Mobile wallet