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Transfer money

Sending money from GERMANY to NIGERIA

Data collected on: Sep 16, 2019
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
1.492.13
Exchange rate margin (%)
1.21
Percentage difference between market reference rate 401.72 and exchange rate charged 396.871.21
Total cost (%)
2.272.27
Total cost (EUR)sort descendingTotal cost (USD)sort descending
3.184.54
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
1.992.84
Exchange rate margin (%)
2.17
Percentage difference between market reference rate 401.72 and exchange rate charged 393.002.17
Total cost (%)
3.593.59
Total cost (EUR)sort descendingTotal cost (USD)sort descending
5.037.19
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 (%)
4.84
Percentage difference between market reference rate 401.72 and exchange rate charged 382.274.84
Total cost (%)
6.916.91
Total cost (EUR)sort descendingTotal cost (USD)sort descending
9.6713.81
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
5.007.14
Exchange rate margin (%)
3.39
Percentage difference between market reference rate 401.72 and exchange rate charged 388.103.39
Total cost (%)
6.966.96
Total cost (EUR)sort descendingTotal cost (USD)sort descending
9.7413.91
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 (%)
4.94
Percentage difference between market reference rate 401.72 and exchange rate charged 381.894.94
Total cost (%)
7.797.79
Total cost (EUR)sort descendingTotal cost (USD)sort descending
10.9115.59
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 (%)
4.94
Percentage difference between market reference rate 401.72 and exchange rate charged 381.894.94
Total cost (%)
7.797.79
Total cost (EUR)sort descendingTotal cost (USD)sort descending
10.9115.59
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
5.998.56
Exchange rate margin (%)
4.60
Percentage difference between market reference rate 401.72 and exchange rate charged 383.254.60
Total cost (%)
8.888.88
Total cost (EUR)sort descendingTotal cost (USD)sort descending
12.4317.76
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
4.907.00
Exchange rate margin (%)
6.87
Percentage difference between market reference rate 401.72 and exchange rate charged 374.126.87
Total cost (%)
10.3710.37
Total cost (EUR)sort descendingTotal cost (USD)sort descending
14.5220.74
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
8.0011.43
Exchange rate margin (%)
4.68
Percentage difference between market reference rate 401.72 and exchange rate charged 382.934.68
Total cost (%)
10.3910.39
Total cost (EUR)sort descendingTotal cost (USD)sort descending
14.5520.79
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 (%)
6.13
Percentage difference between market reference rate 401.72 and exchange rate charged 377.086.13
Total cost (%)
11.0611.06
Total cost (EUR)sort descendingTotal cost (USD)sort descending
15.4822.11
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 (%)
4.53
Percentage difference between market reference rate 401.72 and exchange rate charged 383.514.53
Total cost (%)
11.6811.68
Total cost (EUR)sort descendingTotal cost (USD)sort descending
16.3523.36
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
12.0017.14
Exchange rate margin (%)
4.94
Percentage difference between market reference rate 401.72 and exchange rate charged 381.894.94
Total cost (%)
13.5113.51
Total cost (EUR)sort descendingTotal cost (USD)sort descending
18.9127.01
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 (%)
6.85
Percentage difference between market reference rate 401.72 and exchange rate charged 374.196.85
Total cost (%)
13.5713.57
Total cost (EUR)sort descendingTotal cost (USD)sort descending
19.0027.14
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 (%)
7.34
Percentage difference between market reference rate 401.72 and exchange rate charged 372.237.34
Total cost (%)
21.5521.55
Total cost (EUR)sort descendingTotal cost (USD)sort descending
30.1743.10
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.
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 Third Quarter
8.978.97
Total Average Second Quarter
7.667.66
Total Average
Fee
6.659.50
Exchange Rate Margin (%)
4.214.21
Total Cost Percent (%)
8.978.97
Total Cost (EUR) Total Cost (USD)
12.5517.93
Non-Transparent records
Bank account transfer Debit/credit card Cash
Less than one hour Same day Next day 3-5 days
Bank account Cash Mobile wallet
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
1.492.16
Exchange rate margin (%)
1.21
Percentage difference between market reference rate 401.72 and exchange rate charged 396.871.21
Total cost (%)
1.641.64
Total cost (EUR)sort descendingTotal cost (USD)sort descending
5.668.20
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
3.855.58
Exchange rate margin (%)
2.17
Percentage difference between market reference rate 401.72 and exchange rate charged 393.002.17
Total cost (%)
3.293.29
Total cost (EUR)sort descendingTotal cost (USD)sort descending
11.3516.45
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
6.008.70
Exchange rate margin (%)
3.39
Percentage difference between market reference rate 401.72 and exchange rate charged 388.103.39
Total cost (%)
5.135.13
Total cost (EUR)sort descendingTotal cost (USD)sort descending
17.7025.65
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 (%)
4.84
Percentage difference between market reference rate 401.72 and exchange rate charged 382.274.84
Total cost (%)
5.685.68
Total cost (EUR)sort descendingTotal cost (USD)sort descending
19.6028.41
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 (%)
4.94
Percentage difference between market reference rate 401.72 and exchange rate charged 381.894.94
Total cost (%)
6.096.09
Total cost (EUR)sort descendingTotal cost (USD)sort descending
21.0130.45
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 (%)
4.94
Percentage difference between market reference rate 401.72 and exchange rate charged 381.894.94
Total cost (%)
6.096.09
Total cost (EUR)sort descendingTotal cost (USD)sort descending
21.0130.45
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
11.0015.94
Exchange rate margin (%)
4.68
Percentage difference between market reference rate 401.72 and exchange rate charged 382.934.68
Total cost (%)
7.867.86
Total cost (EUR)sort descendingTotal cost (USD)sort descending
27.1239.30
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 (%)
6.13
Percentage difference between market reference rate 401.72 and exchange rate charged 377.086.13
Total cost (%)
8.138.13
Total cost (EUR)sort descendingTotal cost (USD)sort descending
28.0540.65
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
12.9918.83
Exchange rate margin (%)
4.60
Percentage difference between market reference rate 401.72 and exchange rate charged 383.254.60
Total cost (%)
8.368.36
Total cost (EUR)sort descendingTotal cost (USD)sort descending
28.8441.80
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 (%)
4.53
Percentage difference between market reference rate 401.72 and exchange rate charged 383.514.53
Total cost (%)
9.759.75
Total cost (EUR)sort descendingTotal cost (USD)sort descending
33.6448.75
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 (%)
6.38
Percentage difference between market reference rate 401.72 and exchange rate charged 376.086.38
Total cost (%)
10.1210.12
Total cost (EUR)sort descendingTotal cost (USD)sort descending
34.9150.59
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
19.0027.54
Exchange rate margin (%)
4.94
Percentage difference between market reference rate 401.72 and exchange rate charged 381.894.94
Total cost (%)
10.4410.44
Total cost (EUR)sort descendingTotal cost (USD)sort descending
36.0252.20
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 (%)
6.85
Percentage difference between market reference rate 401.72 and exchange rate charged 374.196.85
Total cost (%)
11.1711.17
Total cost (EUR)sort descendingTotal cost (USD)sort descending
38.5455.86
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 (%)
7.34
Percentage difference between market reference rate 401.72 and exchange rate charged 372.237.34
Total cost (%)
16.0116.01
Total cost (EUR)sort descendingTotal cost (USD)sort descending
55.2380.04
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 Third Quarter
7.047.04
Total Average Second Quarter
6.006.00
Total Average
Fee
9.8614.29
Exchange Rate Margin (%)
4.184.18
Total Cost Percent (%)
7.047.04
Total Cost (EUR) Total Cost (USD)
24.2935.20
Non-Transparent records
Bank account transfer Debit/credit card Cash
Less than one hour Same day Next day 3-5 days
Bank account Cash Mobile wallet
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