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Sending money from GERMANY to INDIA

Data collected on: Jul 28, 2020
EUR | USD
Firm
Payment instrument
Access point
Sending network coverage
Transfer speed
Receiving method
Disbursing network coverage
Fee
Exchange rate margin (%)
Total cost (%)
Total cost (EUR)sort descendingTotal cost (USD)sort descending
Firm
Transferwise
Firm type: Money Transfer Operator
 
Payment instrument
Access point
Internet
Sending network coverage
High
Transfer speed
Receiving method
Disbursing network coverage
High
Fee
1.892.70
Exchange rate margin (%)
-1.00
Percentage difference between market reference rate 87.56 and exchange rate charged 88.43-1.00
Total cost (%)
0.350.35
Total cost (EUR)sort descendingTotal cost (USD)sort descending
0.490.70
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
1.992.84
Exchange rate margin (%)
0.17
Percentage difference between market reference rate 87.56 and exchange rate charged 87.410.17
Total cost (%)
1.591.59
Total cost (EUR)sort descendingTotal cost (USD)sort descending
2.233.19
Firm
RemitGuru
Firm type: Money Transfer Operator
 
Payment instrument
Access point
Internet
Sending network coverage
High
Transfer speed
Receiving method
Disbursing network coverage
High
Fee
2.002.86
Exchange rate margin (%)
0.18
Percentage difference between market reference rate 87.56 and exchange rate charged 87.400.18
Total cost (%)
1.611.61
Total cost (EUR)sort descendingTotal cost (USD)sort descending
2.253.21
Firm
Postbank
Firm type: Post office
 
Payment instrument
Access point
Internet
Sending network coverage
High
Transfer speed
Receiving method
Disbursing network coverage
High
Fee
1.502.14
Exchange rate margin (%)
0.84
Percentage difference between market reference rate 87.56 and exchange rate charged 86.820.84
Total cost (%)
1.911.91
Total cost (EUR)sort descendingTotal cost (USD)sort descending
2.673.81
Firm
Azimo
Firm type: Money Transfer Operator
 
Payment instrument
Access point
Internet
Sending network coverage
High
Transfer speed
Receiving method
Disbursing network coverage
High
Fee
1.902.71
Exchange rate margin (%)
0.78
Percentage difference between market reference rate 87.56 and exchange rate charged 86.870.78
Total cost (%)
2.142.14
Total cost (EUR)sort descendingTotal cost (USD)sort descending
3.004.29
Firm
Azimo
Firm type: Money Transfer Operator
 
Payment instrument
Access point
Internet
Sending network coverage
High
Transfer speed
Receiving method
Agent
Disbursing network coverage
High
Fee
1.902.71
Exchange rate margin (%)
0.78
Percentage difference between market reference rate 87.56 and exchange rate charged 86.870.78
Total cost (%)
2.142.14
Total cost (EUR)sort descendingTotal cost (USD)sort descending
3.004.29
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
2.994.27
Exchange rate margin (%)
0.40
Percentage difference between market reference rate 87.56 and exchange rate charged 87.210.40
Total cost (%)
2.532.53
Total cost (EUR)sort descendingTotal cost (USD)sort descending
3.545.06
Firm
MoneyGram
Firm type: Money Transfer Operator
 
Payment instrument
Access point
Internet
Sending network coverage
High
Transfer speed
Receiving method
Agent
Disbursing network coverage
High
Fee
3.995.70
Exchange rate margin (%)
2.33
Percentage difference between market reference rate 87.56 and exchange rate charged 85.522.33
Total cost (%)
5.185.18
Total cost (EUR)sort descendingTotal cost (USD)sort descending
7.2510.36
Firm
Small World
Firm type: Money Transfer Operator
 
Payment instrument
Access point
Internet
Sending network coverage
High
Transfer speed
Receiving method
Agent
Disbursing network coverage
High
Fee
7.0010.00
Exchange rate margin (%)
1.86
Percentage difference between market reference rate 87.56 and exchange rate charged 85.931.86
Total cost (%)
6.866.86
Total cost (EUR)sort descendingTotal cost (USD)sort descending
9.6013.71
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 (%)
7.00
Percentage difference between market reference rate 87.56 and exchange rate charged 81.437.00
Total cost (%)
7.007.00
Total cost (EUR)sort descendingTotal cost (USD)sort descending
9.8014.00
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 (%)
7.81
Percentage difference between market reference rate 87.56 and exchange rate charged 80.727.81
Total cost (%)
7.817.81
Total cost (EUR)sort descendingTotal cost (USD)sort descending
10.9315.61
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
6.909.86
Exchange rate margin (%)
2.95
Percentage difference between market reference rate 87.56 and exchange rate charged 84.972.95
Total cost (%)
7.887.88
Total cost (EUR)sort descendingTotal cost (USD)sort descending
11.0315.76
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
7.0010.00
Exchange rate margin (%)
2.95
Percentage difference between market reference rate 87.56 and exchange rate charged 84.972.95
Total cost (%)
7.957.95
Total cost (EUR)sort descendingTotal cost (USD)sort descending
11.1315.90
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
7.9011.29
Exchange rate margin (%)
2.33
Percentage difference between market reference rate 87.56 and exchange rate charged 85.522.33
Total cost (%)
7.977.97
Total cost (EUR)sort descendingTotal cost (USD)sort descending
11.1615.94
Firm
RemitMoney
Firm type: Bank
 
Payment instrument
Access point
Internet
Sending network coverage
High
Transfer speed
Receiving method
Disbursing network coverage
High
Fee
2.002.86
Exchange rate margin (%)
6.55
Percentage difference between market reference rate 87.56 and exchange rate charged 81.826.55
Total cost (%)
7.987.98
Total cost (EUR)sort descendingTotal cost (USD)sort descending
11.1715.96
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
6.509.29
Exchange rate margin (%)
3.74
Percentage difference between market reference rate 87.56 and exchange rate charged 84.283.74
Total cost (%)
8.398.39
Total cost (EUR)sort descendingTotal cost (USD)sort descending
11.7516.79
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
3.905.57
Exchange rate margin (%)
6.12
Percentage difference between market reference rate 87.56 and exchange rate charged 82.206.12
Total cost (%)
8.908.90
Total cost (EUR)sort descendingTotal cost (USD)sort descending
12.4617.80
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
15.0021.43
Exchange rate margin (%)
1.39
Percentage difference between market reference rate 87.56 and exchange rate charged 86.341.39
Total cost (%)
12.1012.10
Total cost (EUR)sort descendingTotal cost (USD)sort descending
16.9424.20
Firm
Commerzbank AG
Firm type: Bank
 
Payment instrument
Access point
Bank branch, Call Center
Sending network coverage
High
Transfer speed
Receiving method
Disbursing network coverage
High
Fee
12.5017.86
Exchange rate margin (%)
3.21
Percentage difference between market reference rate 87.56 and exchange rate charged 84.753.21
Total cost (%)
12.1312.13
Total cost (EUR)sort descendingTotal cost (USD)sort descending
16.9824.26
Firm
Postbank via Western Union
Firm type: Bank / Money Transfer Operator
 
Payment instrument
Access point
Agent
Sending network coverage
High
Transfer speed
Receiving method
Agent
Disbursing network coverage
High
Fee
19.9028.43
Exchange rate margin (%)
2.95
Percentage difference between market reference rate 87.56 and exchange rate charged 84.972.95
Total cost (%)
17.1717.17
Total cost (EUR)sort descendingTotal cost (USD)sort descending
24.0434.34
Firm
This RSP is not transparent: the exchange rate applied to the transaction was not disclosed. The 0% in the exchange rate margin does NOT necessarily mean that there is no exchange rate cost, but rather that this cost is not disclosed to the sender at the time of sending.
Deutsche Bank
Firm type: Bank
 
Payment instrument
Access point
Internet
Sending network coverage
High
Transfer speed
Receiving method
Disbursing network coverage
High
Fee
36.5552.21
Exchange rate margin (%)
0.00
Percentage difference between market reference rate 1.00 and exchange rate charged 1.000.00
Total cost (%)
26.1126.11
Total cost (EUR)sort descendingTotal cost (USD)sort descending
36.5552.21
Firm
This RSP is not transparent: the exchange rate applied to the transaction was not disclosed. The 0% in the exchange rate margin does NOT necessarily mean that there is no exchange rate cost, but rather that this cost is not disclosed to the sender at the time of sending.
Deutsche Bank
Firm type: Bank
 
Payment instrument
Access point
Bank branch, Call Center
Sending network coverage
High
Transfer speed
Receiving method
Disbursing network coverage
High
Fee
39.5556.50
Exchange rate margin (%)
0.00
Percentage difference between market reference rate 1.00 and exchange rate charged 1.000.00
Total cost (%)
28.2528.25
Total cost (EUR)sort descendingTotal cost (USD)sort descending
39.5556.50
Total Average Third Quarter
8.368.36
Total Average Second Quarter
7.637.63
Total Average
Fee
8.3111.87
Exchange Rate Margin (%)
2.422.42
Total Cost Percent (%)
8.368.36
Total Cost (EUR) Total Cost (USD)
11.7116.72
Non-Transparent records
Bank account transfer Debit/credit card Cash
Less than one hour Same day Next day 2 days 3-5 days 6 days or more
Bank account Cash
Firm
Payment instrument
Access point
Sending network coverage
Transfer speed
Receiving method
Disbursing network coverage
Fee
Exchange rate margin (%)
Total cost (%)
Total cost (EUR)sort descendingTotal cost (USD)sort descending
Firm
Transferwise
Firm type: Money Transfer Operator
 
Payment instrument
Access point
Internet
Sending network coverage
High
Transfer speed
Receiving method
Disbursing network coverage
High
Fee
3.815.52
Exchange rate margin (%)
-1.00
Percentage difference between market reference rate 87.56 and exchange rate charged 88.43-1.00
Total cost (%)
0.110.11
Total cost (EUR)sort descendingTotal cost (USD)sort descending
0.380.55
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
1.992.88
Exchange rate margin (%)
0.17
Percentage difference between market reference rate 87.56 and exchange rate charged 87.410.17
Total cost (%)
0.750.75
Total cost (EUR)sort descendingTotal cost (USD)sort descending
2.593.75
Firm
RemitGuru
Firm type: Money Transfer Operator
 
Payment instrument
Access point
Internet
Sending network coverage
High
Transfer speed
Receiving method
Disbursing network coverage
High
Fee
2.002.90
Exchange rate margin (%)
0.18
Percentage difference between market reference rate 87.56 and exchange rate charged 87.400.18
Total cost (%)
0.760.76
Total cost (EUR)sort descendingTotal cost (USD)sort descending
2.623.80
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
2.994.33
Exchange rate margin (%)
0.40
Percentage difference between market reference rate 87.56 and exchange rate charged 87.210.40
Total cost (%)
1.261.26
Total cost (EUR)sort descendingTotal cost (USD)sort descending
4.356.30
Firm
Postbank
Firm type: Post office
 
Payment instrument
Access point
Internet
Sending network coverage
High
Transfer speed
Receiving method
Disbursing network coverage
High
Fee
1.502.17
Exchange rate margin (%)
0.84
Percentage difference between market reference rate 87.56 and exchange rate charged 86.820.84
Total cost (%)
1.281.28
Total cost (EUR)sort descendingTotal cost (USD)sort descending
4.426.41
Firm
Azimo
Firm type: Money Transfer Operator
 
Payment instrument
Access point
Internet
Sending network coverage
High
Transfer speed
Receiving method
Agent
Disbursing network coverage
High
Fee
1.902.75
Exchange rate margin (%)
0.78
Percentage difference between market reference rate 87.56 and exchange rate charged 86.870.78
Total cost (%)
1.341.34
Total cost (EUR)sort descendingTotal cost (USD)sort descending
4.626.70
Firm
Azimo
Firm type: Money Transfer Operator
 
Payment instrument
Access point
Internet
Sending network coverage
High
Transfer speed
Receiving method
Disbursing network coverage
High
Fee
1.902.75
Exchange rate margin (%)
0.78
Percentage difference between market reference rate 87.56 and exchange rate charged 86.870.78
Total cost (%)
1.341.34
Total cost (EUR)sort descendingTotal cost (USD)sort descending
4.626.70
Firm
MoneyGram
Firm type: Money Transfer Operator
 
Payment instrument
Access point
Internet
Sending network coverage
High
Transfer speed
Receiving method
Agent
Disbursing network coverage
High
Fee
3.995.78
Exchange rate margin (%)
2.33
Percentage difference between market reference rate 87.56 and exchange rate charged 85.522.33
Total cost (%)
3.483.48
Total cost (EUR)sort descendingTotal cost (USD)sort descending
12.0117.41
Firm
Small World
Firm type: Money Transfer Operator
 
Payment instrument
Access point
Internet
Sending network coverage
High
Transfer speed
Receiving method
Agent
Disbursing network coverage
High
Fee
7.0010.14
Exchange rate margin (%)
1.86
Percentage difference between market reference rate 87.56 and exchange rate charged 85.931.86
Total cost (%)
3.893.89
Total cost (EUR)sort descendingTotal cost (USD)sort descending
13.4219.45
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
7.9011.45
Exchange rate margin (%)
2.33
Percentage difference between market reference rate 87.56 and exchange rate charged 85.522.33
Total cost (%)
4.624.62
Total cost (EUR)sort descendingTotal cost (USD)sort descending
15.9423.10
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
6.9010.00
Exchange rate margin (%)
2.95
Percentage difference between market reference rate 87.56 and exchange rate charged 84.972.95
Total cost (%)
4.954.95
Total cost (EUR)sort descendingTotal cost (USD)sort descending
17.0824.75
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
7.0010.14
Exchange rate margin (%)
2.95
Percentage difference between market reference rate 87.56 and exchange rate charged 84.972.95
Total cost (%)
4.984.98
Total cost (EUR)sort descendingTotal cost (USD)sort descending
17.1824.90
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
6.509.42
Exchange rate margin (%)
3.74
Percentage difference between market reference rate 87.56 and exchange rate charged 84.283.74
Total cost (%)
5.635.63
Total cost (EUR)sort descendingTotal cost (USD)sort descending
19.4228.14
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
15.0021.74
Exchange rate margin (%)
1.39
Percentage difference between market reference rate 87.56 and exchange rate charged 86.341.39
Total cost (%)
5.745.74
Total cost (EUR)sort descendingTotal cost (USD)sort descending
19.8028.70
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 (%)
7.00
Percentage difference between market reference rate 87.56 and exchange rate charged 81.437.00
Total cost (%)
7.007.00
Total cost (EUR)sort descendingTotal cost (USD)sort descending
24.1535.00
Firm
RemitMoney
Firm type: Bank
 
Payment instrument
Access point
Internet
Sending network coverage
High
Transfer speed
Receiving method
Disbursing network coverage
High
Fee
2.002.90
Exchange rate margin (%)
6.55
Percentage difference between market reference rate 87.56 and exchange rate charged 81.826.55
Total cost (%)
7.137.13
Total cost (EUR)sort descendingTotal cost (USD)sort descending
24.6035.65
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
3.905.65
Exchange rate margin (%)
6.12
Percentage difference between market reference rate 87.56 and exchange rate charged 82.206.12
Total cost (%)
7.257.25
Total cost (EUR)sort descendingTotal cost (USD)sort descending
25.0136.25
Firm
Commerzbank AG
Firm type: Bank
 
Payment instrument
Access point
Bank branch, Call Center
Sending network coverage
High
Transfer speed
Receiving method
Disbursing network coverage
High
Fee
15.0021.74
Exchange rate margin (%)
3.21
Percentage difference between market reference rate 87.56 and exchange rate charged 84.753.21
Total cost (%)
7.557.55
Total cost (EUR)sort descendingTotal cost (USD)sort descending
26.0537.75
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 (%)
7.81
Percentage difference between market reference rate 87.56 and exchange rate charged 80.727.81
Total cost (%)
7.817.81
Total cost (EUR)sort descendingTotal cost (USD)sort descending
26.9439.04
Firm
Postbank via Western Union
Firm type: Bank / Money Transfer Operator
 
Payment instrument
Access point
Agent
Sending network coverage
High
Transfer speed
Receiving method
Agent
Disbursing network coverage
High
Fee
29.9043.33
Exchange rate margin (%)
2.95
Percentage difference between market reference rate 87.56 and exchange rate charged 84.972.95
Total cost (%)
11.6211.62
Total cost (EUR)sort descendingTotal cost (USD)sort descending
40.0958.10
Firm
This RSP is not transparent: the exchange rate applied to the transaction was not disclosed. The 0% in the exchange rate margin does NOT necessarily mean that there is no exchange rate cost, but rather that this cost is not disclosed to the sender at the time of sending.
Deutsche Bank
Firm type: Bank
 
Payment instrument
Access point
Internet
Sending network coverage
High
Transfer speed
Receiving method
Disbursing network coverage
High
Fee
36.5552.97
Exchange rate margin (%)
0.00
Percentage difference between market reference rate 1.00 and exchange rate charged 1.000.00
Total cost (%)
10.5910.59
Total cost (EUR)sort descendingTotal cost (USD)sort descending
36.5452.96
Firm
This RSP is not transparent: the exchange rate applied to the transaction was not disclosed. The 0% in the exchange rate margin does NOT necessarily mean that there is no exchange rate cost, but rather that this cost is not disclosed to the sender at the time of sending.
Deutsche Bank
Firm type: Bank
 
Payment instrument
Access point
Bank branch, Call Center
Sending network coverage
High
Transfer speed
Receiving method
Disbursing network coverage
High
Fee
41.5560.22
Exchange rate margin (%)
0.00
Percentage difference between market reference rate 1.00 and exchange rate charged 1.000.00
Total cost (%)
12.0412.04
Total cost (EUR)sort descendingTotal cost (USD)sort descending
41.5460.20
Total Average Third Quarter
5.055.05
Total Average Second Quarter
4.424.42
Total Average
Fee
9.0613.13
Exchange Rate Margin (%)
2.422.42
Total Cost Percent (%)
5.055.05
Total Cost (EUR) Total Cost (USD)
17.4325.25
Non-Transparent records
Bank account transfer Debit/credit card Cash
Less than one hour Same day Next day 2 days 3-5 days 6 days or more
Bank account Cash
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