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Transfer money

Sending money from GERMANY to NIGERIA

Data collected on: May 13, 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
Azimo
Firm type: Money Transfer Operator
 
Payment instrument
Access point
Internet
Sending network coverage
High
Transfer speed
Receiving method
Disbursing network coverage
Medium
Fee
1.992.84
Exchange rate margin (%)
1.61
Percentage difference between market reference rate 422.71 and exchange rate charged 415.881.61
Total cost (%)
3.043.04
Total cost (EUR)sort descendingTotal cost (USD)sort descending
4.266.09
Firm
Transferwise
Firm type: Money Transfer Operator
 
Payment instrument
Access point
Internet
Sending network coverage
High
Transfer speed
Receiving method
Disbursing network coverage
Medium
Fee
2.072.96
Exchange rate margin (%)
2.64
Percentage difference between market reference rate 422.71 and exchange rate charged 411.552.64
Total cost (%)
4.124.12
Total cost (EUR)sort descendingTotal cost (USD)sort descending
5.778.24
Firm
MoneyGram
Firm type: Money Transfer Operator
 
Payment instrument
Access point
Internet
Sending network coverage
High
Transfer speed
Receiving method
Disbursing network coverage
Medium
Fee
0.000.00
Exchange rate margin (%)
5.49
Percentage difference between market reference rate 422.71 and exchange rate charged 399.505.49
Total cost (%)
5.495.49
Total cost (EUR)sort descendingTotal cost (USD)sort descending
7.6910.99
Firm
WorldRemit
Firm type: Money Transfer Operator
 
Payment instrument
Access point
Internet
Sending network coverage
High
Transfer speed
Receiving method
Disbursing network coverage
Medium
Fee
2.994.27
Exchange rate margin (%)
4.13
Percentage difference between market reference rate 422.71 and exchange rate charged 405.254.13
Total cost (%)
6.276.27
Total cost (EUR)sort descendingTotal cost (USD)sort descending
8.7812.54
Firm
Western Union
Firm type: Money Transfer Operator
 
Payment instrument
Access point
Internet
Sending network coverage
High
Transfer speed
Receiving method
Disbursing network coverage
Medium
Fee
2.904.14
Exchange rate margin (%)
5.32
Percentage difference between market reference rate 422.71 and exchange rate charged 400.215.32
Total cost (%)
7.397.39
Total cost (EUR)sort descendingTotal cost (USD)sort descending
10.3514.79
Firm
Small World
Firm type: Money Transfer Operator
 
Payment instrument
Access point
Agent
Sending network coverage
High
Transfer speed
Receiving method
Agent
Disbursing network coverage
Medium
Fee
1.492.13
Exchange rate margin (%)
6.54
Percentage difference between market reference rate 422.71 and exchange rate charged 395.066.54
Total cost (%)
7.607.60
Total cost (EUR)sort descendingTotal cost (USD)sort descending
10.6415.20
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 (%)
5.49
Percentage difference between market reference rate 422.71 and exchange rate charged 399.505.49
Total cost (%)
8.348.34
Total cost (EUR)sort descendingTotal cost (USD)sort descending
11.6816.69
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
6.909.86
Exchange rate margin (%)
6.54
Percentage difference between market reference rate 422.71 and exchange rate charged 395.046.54
Total cost (%)
11.4711.47
Total cost (EUR)sort descendingTotal cost (USD)sort descending
16.0622.94
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 (%)
6.98
Percentage difference between market reference rate 422.71 and exchange rate charged 393.216.98
Total cost (%)
11.9111.91
Total cost (EUR)sort descendingTotal cost (USD)sort descending
16.6723.81
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
9.3013.29
Exchange rate margin (%)
5.49
Percentage difference between market reference rate 422.71 and exchange rate charged 399.505.49
Total cost (%)
12.1312.13
Total cost (EUR)sort descendingTotal cost (USD)sort descending
16.9824.26
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
9.4013.43
Exchange rate margin (%)
6.98
Percentage difference between market reference rate 422.71 and exchange rate charged 393.216.98
Total cost (%)
13.6913.69
Total cost (EUR)sort descendingTotal cost (USD)sort descending
19.1727.39
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
10.0014.29
Exchange rate margin (%)
7.24
Percentage difference between market reference rate 422.71 and exchange rate charged 392.117.24
Total cost (%)
14.3814.38
Total cost (EUR)sort descendingTotal cost (USD)sort descending
20.1328.76
Firm
Postbank via Western Union
Firm type: Bank / Money Transfer Operator
 
Payment instrument
Access point
Agent, Call Center
Sending network coverage
High
Transfer speed
Receiving method
Agent
Disbursing network coverage
High
Fee
19.9028.43
Exchange rate margin (%)
6.98
Percentage difference between market reference rate 422.71 and exchange rate charged 393.216.98
Total cost (%)
21.1921.19
Total cost (EUR)sort descendingTotal cost (USD)sort descending
29.6742.39
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.
Postbank
Firm type: Post office
 
Payment instrument
Access point
Internet
Sending network coverage
High
Transfer speed
Receiving method
Disbursing network coverage
Medium
Fee
1.502.14
Exchange rate margin (%)
0.00
Percentage difference between market reference rate 1.00 and exchange rate charged 1.000.00
Total cost (%)
1.071.07
Total cost (EUR)sort descendingTotal cost (USD)sort descending
1.502.14
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.
Postbank
Firm type: Post office
 
Payment instrument
Access point
Bank branch, Call Center
Sending network coverage
High
Transfer speed
Receiving method
Disbursing network coverage
Medium
Fee
8.5012.14
Exchange rate margin (%)
0.00
Percentage difference between market reference rate 1.00 and exchange rate charged 1.000.00
Total cost (%)
6.076.07
Total cost (EUR)sort descendingTotal cost (USD)sort descending
8.5012.14
Total Average Second Quarter
8.948.94
Total Average First Quarter
9.909.90
Total Average
Fee
5.868.36
Exchange Rate Margin (%)
4.764.76
Total Cost Percent (%)
8.948.94
Total Cost (EUR) Total Cost (USD)
12.5217.89
Non-Transparent records
Bank account transfer Debit/credit card Cash
Less than one hour Same day Next day 3-5 days
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
Azimo
Firm type: Money Transfer Operator
 
Payment instrument
Access point
Internet
Sending network coverage
High
Transfer speed
Receiving method
Disbursing network coverage
Medium
Fee
1.992.88
Exchange rate margin (%)
1.61
Percentage difference between market reference rate 422.71 and exchange rate charged 415.881.61
Total cost (%)
2.192.19
Total cost (EUR)sort descendingTotal cost (USD)sort descending
7.5610.96
Firm
Transferwise
Firm type: Money Transfer Operator
 
Payment instrument
Access point
Internet
Sending network coverage
High
Transfer speed
Receiving method
Disbursing network coverage
Medium
Fee
4.025.83
Exchange rate margin (%)
2.64
Percentage difference between market reference rate 422.71 and exchange rate charged 411.552.64
Total cost (%)
3.803.80
Total cost (EUR)sort descendingTotal cost (USD)sort descending
13.1119.00
Firm
WorldRemit
Firm type: Money Transfer Operator
 
Payment instrument
Access point
Internet
Sending network coverage
High
Transfer speed
Receiving method
Disbursing network coverage
Medium
Fee
2.994.33
Exchange rate margin (%)
4.13
Percentage difference between market reference rate 422.71 and exchange rate charged 405.254.13
Total cost (%)
5.005.00
Total cost (EUR)sort descendingTotal cost (USD)sort descending
17.2525.00
Firm
MoneyGram
Firm type: Money Transfer Operator
 
Payment instrument
Access point
Internet
Sending network coverage
High
Transfer speed
Receiving method
Disbursing network coverage
Medium
Fee
0.000.00
Exchange rate margin (%)
5.49
Percentage difference between market reference rate 422.71 and exchange rate charged 399.505.49
Total cost (%)
5.495.49
Total cost (EUR)sort descendingTotal cost (USD)sort descending
18.9427.45
Firm
Western Union
Firm type: Money Transfer Operator
 
Payment instrument
Access point
Internet
Sending network coverage
High
Transfer speed
Receiving method
Disbursing network coverage
Medium
Fee
2.904.20
Exchange rate margin (%)
5.32
Percentage difference between market reference rate 422.71 and exchange rate charged 400.215.32
Total cost (%)
6.166.16
Total cost (EUR)sort descendingTotal cost (USD)sort descending
21.2530.80
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 (%)
5.49
Percentage difference between market reference rate 422.71 and exchange rate charged 399.505.49
Total cost (%)
6.656.65
Total cost (EUR)sort descendingTotal cost (USD)sort descending
22.9433.25
Firm
Small World
Firm type: Money Transfer Operator
 
Payment instrument
Access point
Agent
Sending network coverage
High
Transfer speed
Receiving method
Agent
Disbursing network coverage
Medium
Fee
2.493.61
Exchange rate margin (%)
6.54
Percentage difference between market reference rate 422.71 and exchange rate charged 395.066.54
Total cost (%)
7.267.26
Total cost (EUR)sort descendingTotal cost (USD)sort descending
25.0536.30
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 (%)
6.98
Percentage difference between market reference rate 422.71 and exchange rate charged 393.216.98
Total cost (%)
8.988.98
Total cost (EUR)sort descendingTotal cost (USD)sort descending
30.9844.90
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
14.8021.45
Exchange rate margin (%)
5.49
Percentage difference between market reference rate 422.71 and exchange rate charged 399.505.49
Total cost (%)
9.789.78
Total cost (EUR)sort descendingTotal cost (USD)sort descending
33.7448.90
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
12.9018.70
Exchange rate margin (%)
6.54
Percentage difference between market reference rate 422.71 and exchange rate charged 395.046.54
Total cost (%)
10.2810.28
Total cost (EUR)sort descendingTotal cost (USD)sort descending
35.4751.41
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
14.9021.59
Exchange rate margin (%)
6.98
Percentage difference between market reference rate 422.71 and exchange rate charged 393.216.98
Total cost (%)
11.3011.30
Total cost (EUR)sort descendingTotal cost (USD)sort descending
38.9956.51
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
18.0026.09
Exchange rate margin (%)
7.24
Percentage difference between market reference rate 422.71 and exchange rate charged 392.117.24
Total cost (%)
12.4612.46
Total cost (EUR)sort descendingTotal cost (USD)sort descending
42.9962.30
Firm
Postbank via Western Union
Firm type: Bank / Money Transfer Operator
 
Payment instrument
Access point
Agent, Call Center
Sending network coverage
High
Transfer speed
Receiving method
Agent
Disbursing network coverage
High
Fee
29.9043.33
Exchange rate margin (%)
6.98
Percentage difference between market reference rate 422.71 and exchange rate charged 393.216.98
Total cost (%)
15.6415.64
Total cost (EUR)sort descendingTotal cost (USD)sort descending
53.9678.20
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.
Postbank
Firm type: Post office
 
Payment instrument
Access point
Internet
Sending network coverage
High
Transfer speed
Receiving method
Disbursing network coverage
Medium
Fee
1.502.17
Exchange rate margin (%)
0.00
Percentage difference between market reference rate 1.00 and exchange rate charged 1.000.00
Total cost (%)
0.430.43
Total cost (EUR)sort descendingTotal cost (USD)sort descending
1.482.14
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.
Postbank
Firm type: Post office
 
Payment instrument
Access point
Bank branch, Call Center
Sending network coverage
High
Transfer speed
Receiving method
Disbursing network coverage
Medium
Fee
8.5012.32
Exchange rate margin (%)
0.00
Percentage difference between market reference rate 1.00 and exchange rate charged 1.000.00
Total cost (%)
2.462.46
Total cost (EUR)sort descendingTotal cost (USD)sort descending
8.4912.30
Total Average Second Quarter
7.197.19
Total Average First Quarter
7.967.96
Total Average
Fee
8.3912.15
Exchange Rate Margin (%)
4.764.76
Total Cost Percent (%)
7.197.19
Total Cost (EUR) Total Cost (USD)
24.8135.96
Non-Transparent records
Bank account transfer Debit/credit card Cash
Less than one hour Same day Next day 3-5 days
Bank account Cash
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