Remittance Prices Worldwide

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Sending money from GERMANY to INDIA

Data collected on: Mar 23, 2021
EUR | 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 (EUR)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.
RemitMoney
Firm type: Bank
Payment instrument
Access point
Internet
Sending network coverage
High
Receiving method
High
1.992.84
1.22
Percentage difference between market reference rate 86.07 and exchange rate charged 85.02
1.22
2.642.64
3.705.29
Azimo
Firm type: Money Transfer Operator
Payment instrument
Access point
Internet
Sending network coverage
High
Receiving method
High
1.992.84
2.05
Percentage difference between market reference rate 86.07 and exchange rate charged 84.31
2.05
3.473.47
4.866.94
Azimo
Firm type: Money Transfer Operator
Payment instrument
Access point
Internet
Sending network coverage
High
Receiving method
Agent
High
1.992.84
2.05
Percentage difference between market reference rate 86.07 and exchange rate charged 84.31
2.05
3.473.47
4.866.94
WorldRemit
Firm type: Money Transfer Operator
Payment instrument
Access point
Internet
Sending network coverage
High
Receiving method
High
1.992.84
2.05
Percentage difference between market reference rate 86.07 and exchange rate charged 84.31
2.05
3.473.47
4.866.94
Postbank
Firm type: Post office
Payment instrument
Access point
Internet
Sending network coverage
High
Receiving method
High
1.502.14
2.42
Percentage difference between market reference rate 86.07 and exchange rate charged 83.99
2.42
3.493.49
4.896.99
RemitGuru
Firm type: Money Transfer Operator
Payment instrument
Access point
Internet
Sending network coverage
High
Receiving method
High
2.002.86
2.24
Percentage difference between market reference rate 86.07 and exchange rate charged 84.14
2.24
3.673.67
5.147.34
Skrill
Firm type: Money Transfer Operator
Payment instrument
Access point
Internet
Sending network coverage
High
Receiving method
High
0.000.00
3.85
Percentage difference between market reference rate 86.07 and exchange rate charged 82.76
3.85
3.853.85
5.397.70
Kotak Click2Remit
Firm type: Bank
Payment instrument
Access point
Internet
Sending network coverage
High
Receiving method
High
0.000.00
4.29
Percentage difference between market reference rate 86.07 and exchange rate charged 82.37
4.29
4.294.29
6.018.59
MoneyGram
Firm type: Money Transfer Operator
Payment instrument
Access point
Internet
Sending network coverage
High
Receiving method
Agent
High
3.995.70
1.95
Percentage difference between market reference rate 86.07 and exchange rate charged 84.39
1.95
4.804.80
6.729.60
Ria
Firm type: Money Transfer Operator
Payment instrument
Access point
Agent
Sending network coverage
High
Receiving method
Agent
High
6.509.29
1.32
Percentage difference between market reference rate 86.07 and exchange rate charged 84.93
1.32
5.965.96
8.3411.91
Small World
Firm type: Money Transfer Operator
Payment instrument
Access point
Internet
Sending network coverage
High
Receiving method
Agent
High
7.0010.00
1.99
Percentage difference between market reference rate 86.07 and exchange rate charged 84.35
1.99
6.996.99
9.7913.99
MoneyGram
Firm type: Money Transfer Operator
Payment instrument
Access point
Agent
Sending network coverage
High
Receiving method
Agent
High
7.9011.29
1.95
Percentage difference between market reference rate 86.07 and exchange rate charged 84.39
1.95
7.597.59
10.6315.19
Remitly
Firm type: Money Transfer Operator
Payment instrument
Access point
Internet
Sending network coverage
High
Receiving method
Agent
High
1.992.84
6.69
Percentage difference between market reference rate 86.07 and exchange rate charged 80.31
6.69
8.118.11
11.3516.21
Western Union
Firm type: Money Transfer Operator
Payment instrument
Access point
Agent
Sending network coverage
High
Receiving method
Agent
High
6.509.29
4.98
Percentage difference between market reference rate 86.07 and exchange rate charged 81.78
4.98
9.639.63
13.4819.26
Western Union
Firm type: Money Transfer Operator
Payment instrument
Access point
Agent
Sending network coverage
High
Receiving method
Agent
High
6.909.86
4.98
Percentage difference between market reference rate 86.07 and exchange rate charged 81.78
4.98
9.919.91
13.8719.81
Western Union
Firm type: Money Transfer Operator
Payment instrument
Access point
Internet
Sending network coverage
High
Receiving method
Agent
High
3.905.57
8.09
Percentage difference between market reference rate 86.07 and exchange rate charged 79.11
8.09
10.8710.87
15.2221.74
Commerzbank AG
Firm type: Bank
Payment instrument
Access point
Bank branch, Call Center
Sending network coverage
High
Receiving method
High
12.5017.86
4.10
Percentage difference between market reference rate 86.07 and exchange rate charged 82.54
4.10
13.0313.03
18.2426.06
State Bank of India
Firm type: Bank
Payment instrument
Access point
Bank branch, Call Center
Sending network coverage
High
Receiving method
High
15.0021.43
2.59
Percentage difference between market reference rate 86.07 and exchange rate charged 83.84
2.59
13.3013.30
18.6226.60
Postbank via Western Union
Firm type: Bank / Money Transfer Operator
Payment instrument
Access point
Agent
Sending network coverage
High
Receiving method
Agent
High
19.9028.43
8.09
Percentage difference between market reference rate 86.07 and exchange rate charged 79.11
8.09
22.3022.30
31.2244.60
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
Receiving method
High
36.5552.21
0.00
Percentage difference between market reference rate 1.00 and exchange rate charged 1.00
0.00
26.1126.11
36.5552.21
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
Receiving method
High
39.5556.50
0.00
Percentage difference between market reference rate 1.00 and exchange rate charged 1.00
0.00
28.2528.25
39.5556.50
Total Average First Quarter
7.417.41
Total Average Fourth Quarter 2020
5.495.49
Total Average
Fee
5.457.78
Exchange Rate Margin (%)
3.523.52
Total Cost Percent (%)
7.417.41
Total Cost (EUR) Total Cost (USD)
10.3814.83
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
Payment instrument
Access point
Sending network coverage
Receiving method
RemitMoney
Firm type: Bank
Payment instrument
Access point
Internet
Sending network coverage
High
Receiving method
High
1.992.88
1.22
Percentage difference between market reference rate 86.07 and exchange rate charged 85.02
1.22
1.801.80
6.219.00
WorldRemit
Firm type: Money Transfer Operator
Payment instrument
Access point
Internet
Sending network coverage
High
Receiving method
High
1.992.88
2.05
Percentage difference between market reference rate 86.07 and exchange rate charged 84.31
2.05
2.622.62
9.0413.10
Azimo
Firm type: Money Transfer Operator
Payment instrument
Access point
Internet
Sending network coverage
High
Receiving method
Agent
High
1.992.88
2.05
Percentage difference between market reference rate 86.07 and exchange rate charged 84.31
2.05
2.632.63
9.0713.14
Azimo
Firm type: Money Transfer Operator
Payment instrument
Access point
Internet
Sending network coverage
High
Receiving method
High
1.992.88
2.05
Percentage difference between market reference rate 86.07 and exchange rate charged 84.31
2.05
2.632.63
9.0713.14
RemitGuru
Firm type: Money Transfer Operator
Payment instrument
Access point
Internet
Sending network coverage
High
Receiving method
High
2.002.90
2.24
Percentage difference between market reference rate 86.07 and exchange rate charged 84.14
2.24
2.822.82
9.7314.10
Postbank
Firm type: Post office
Payment instrument
Access point
Internet
Sending network coverage
High
Receiving method
High
1.502.17
2.42
Percentage difference between market reference rate 86.07 and exchange rate charged 83.99
2.42
2.862.86
9.8714.30
MoneyGram
Firm type: Money Transfer Operator
Payment instrument
Access point
Internet
Sending network coverage
High
Receiving method
Agent
High
3.995.78
1.95
Percentage difference between market reference rate 86.07 and exchange rate charged 84.39
1.95
3.113.11
10.7315.55
Ria
Firm type: Money Transfer Operator
Payment instrument
Access point
Agent
Sending network coverage
High
Receiving method
Agent
High
6.509.42
1.32
Percentage difference between market reference rate 86.07 and exchange rate charged 84.93
1.32
3.203.20
11.0416.00
Skrill
Firm type: Money Transfer Operator
Payment instrument
Access point
Internet
Sending network coverage
High
Receiving method
High
0.000.00
3.85
Percentage difference between market reference rate 86.07 and exchange rate charged 82.76
3.85
3.853.85
13.2819.25
Small World
Firm type: Money Transfer Operator
Payment instrument
Access point
Internet
Sending network coverage
High
Receiving method
Agent
High
7.0010.14
1.99
Percentage difference between market reference rate 86.07 and exchange rate charged 84.35
1.99
4.024.02
13.8720.10
MoneyGram
Firm type: Money Transfer Operator
Payment instrument
Access point
Agent
Sending network coverage
High
Receiving method
Agent
High
7.9011.45
1.95
Percentage difference between market reference rate 86.07 and exchange rate charged 84.39
1.95
4.244.24
14.6321.20
Kotak Click2Remit
Firm type: Bank
Payment instrument
Access point
Internet
Sending network coverage
High
Receiving method
High
0.000.00
4.29
Percentage difference between market reference rate 86.07 and exchange rate charged 82.37
4.29
4.294.29
14.8021.45
Western Union
Firm type: Money Transfer Operator
Payment instrument
Access point
Agent
Sending network coverage
High
Receiving method
Agent
High
6.509.42
4.98
Percentage difference between market reference rate 86.07 and exchange rate charged 81.78
4.98
6.876.87
23.7034.35
State Bank of India
Firm type: Bank
Payment instrument
Access point
Bank branch, Call Center
Sending network coverage
High
Receiving method
High
15.0021.74
2.59
Percentage difference between market reference rate 86.07 and exchange rate charged 83.84
2.59
6.946.94
23.9434.70
Western Union
Firm type: Money Transfer Operator
Payment instrument
Access point
Agent
Sending network coverage
High
Receiving method
Agent
High
6.9010.00
4.98
Percentage difference between market reference rate 86.07 and exchange rate charged 81.78
4.98
6.986.98
24.0834.90
Remitly
Firm type: Money Transfer Operator
Payment instrument
Access point
Internet
Sending network coverage
High
Receiving method
Agent
High
1.992.88
6.69
Percentage difference between market reference rate 86.07 and exchange rate charged 80.31
6.69
7.277.27
25.0836.35
Commerzbank AG
Firm type: Bank
Payment instrument
Access point
Bank branch, Call Center
Sending network coverage
High
Receiving method
High
15.0021.74
4.10
Percentage difference between market reference rate 86.07 and exchange rate charged 82.54
4.10
8.458.45
29.1542.25
Western Union
Firm type: Money Transfer Operator
Payment instrument
Access point
Internet
Sending network coverage
High
Receiving method
Agent
High
3.905.65
7.45
Percentage difference between market reference rate 86.07 and exchange rate charged 79.66
7.45
8.588.58
29.6042.90
Postbank via Western Union
Firm type: Bank / Money Transfer Operator
Payment instrument
Access point
Agent
Sending network coverage
High
Receiving method
Agent
High
29.9043.33
8.09
Percentage difference between market reference rate 86.07 and exchange rate charged 79.11
8.09
16.7516.75
57.7983.75
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
Receiving method
High
36.5552.97
0.00
Percentage difference between market reference rate 1.00 and exchange rate charged 1.00
0.00
10.5910.59
36.5452.96
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
Receiving method
High
41.5560.22
0.00
Percentage difference between market reference rate 1.00 and exchange rate charged 1.00
0.00
12.0412.04
41.5460.20
Total Average First Quarter
5.265.26
Total Average Fourth Quarter 2020
3.453.45
Total Average
Fee
6.118.85
Exchange Rate Margin (%)
3.493.49
Total Cost Percent (%)
5.265.26
Total Cost (EUR) Total Cost (USD)
18.1426.29
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