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Sending money from GERMANY to NIGERIA

Data collected on: Feb 14, 2018
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
 
Payment instrument
Access point
Internet
Sending network coverage
High
Transfer speed
Receiving method
Disbursing network coverage
Medium
Fee
2.693.84
Exchange rate margin (%)
1.52
1.52
Total cost (%)
3.443.44
Total cost (EUR)sort descendingTotal cost (USD)sort descending
4.826.89
Firm
Azimo
 
Payment instrument
Access point
Internet
Sending network coverage
High
Transfer speed
Receiving method
Disbursing network coverage
Medium
Fee
2.994.27
Exchange rate margin (%)
3.15
3.15
Total cost (%)
5.285.28
Total cost (EUR)sort descendingTotal cost (USD)sort descending
7.3910.56
Firm
Western Union
 
Payment instrument
Access point
Internet
Sending network coverage
High
Transfer speed
Receiving method
Disbursing network coverage
Medium
Fee
2.904.14
Exchange rate margin (%)
3.62
3.62
Total cost (%)
5.695.69
Total cost (EUR)sort descendingTotal cost (USD)sort descending
7.9711.39
Firm
WorldRemit
 
Payment instrument
Access point
Internet
Sending network coverage
High
Transfer speed
Receiving method
Disbursing network coverage
Medium
Fee
5.998.56
Exchange rate margin (%)
3.50
3.50
Total cost (%)
7.787.78
Total cost (EUR)sort descendingTotal cost (USD)sort descending
10.8915.56
Firm
Western Union
 
Payment instrument
Access point
Internet
Sending network coverage
High
Transfer speed
Receiving method
Disbursing network coverage
High
Fee
5.908.43
Exchange rate margin (%)
3.62
3.62
Total cost (%)
7.847.84
Total cost (EUR)sort descendingTotal cost (USD)sort descending
10.9815.69
Firm
MoneyGram
 
Payment instrument
Access point
Agent
Sending network coverage
High
Transfer speed
Receiving method
Disbursing network coverage
High
Fee
9.3013.29
Exchange rate margin (%)
2.05
2.05
Total cost (%)
8.708.70
Total cost (EUR)sort descendingTotal cost (USD)sort descending
12.1817.40
Firm
Western Union
 
Payment instrument
Access point
Agent
Sending network coverage
High
Transfer speed
Receiving method
Disbursing network coverage
High
Fee
9.4013.43
Exchange rate margin (%)
3.62
3.62
Total cost (%)
10.3410.34
Total cost (EUR)sort descendingTotal cost (USD)sort descending
14.4820.69
Firm
Ria
 
Payment instrument
Access point
Agent
Sending network coverage
High
Transfer speed
Receiving method
Disbursing network coverage
High
Fee
10.0014.29
Exchange rate margin (%)
3.83
3.83
Total cost (%)
10.9810.98
Total cost (EUR)sort descendingTotal cost (USD)sort descending
15.3721.96
Firm
Small World
 
Payment instrument
Access point
Agent
Sending network coverage
High
Transfer speed
Receiving method
Disbursing network coverage
Medium
Fee
8.0011.43
Exchange rate margin (%)
5.74
5.74
Total cost (%)
11.4511.45
Total cost (EUR)sort descendingTotal cost (USD)sort descending
16.0322.90
Firm
Postbank via Western Union
 
Payment instrument
Access point
Agent, Call Center
Sending network coverage
High
Transfer speed
Receiving method
Disbursing network coverage
High
Fee
19.9028.43
Exchange rate margin (%)
3.62
3.62
Total cost (%)
17.8417.84
Total cost (EUR)sort descendingTotal cost (USD)sort descending
24.9835.69
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
 
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
0.00
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
 
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
0.00
Total cost (%)
6.076.07
Total cost (EUR)sort descendingTotal cost (USD)sort descending
8.5012.14
Total Average First Quarter
8.048.04
Total Average Fourth Quarter 2017
6.586.58
Total Average
Fee
7.2610.37
Exchange Rate Margin (%)
2.862.86
Total Cost Percent (%)
8.048.04
Total Cost (EUR) Total Cost (USD)
11.2616.08
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
Transferwise
 
Payment instrument
Access point
Internet
Sending network coverage
High
Transfer speed
Receiving method
Disbursing network coverage
Medium
Fee
3.685.33
Exchange rate margin (%)
1.52
1.52
Total cost (%)
2.592.59
Total cost (EUR)sort descendingTotal cost (USD)sort descending
8.9412.96
Firm
Azimo
 
Payment instrument
Access point
Internet
Sending network coverage
High
Transfer speed
Receiving method
Disbursing network coverage
Medium
Fee
2.994.33
Exchange rate margin (%)
3.15
3.15
Total cost (%)
4.014.01
Total cost (EUR)sort descendingTotal cost (USD)sort descending
13.8320.04
Firm
Western Union
 
Payment instrument
Access point
Internet
Sending network coverage
High
Transfer speed
Receiving method
Disbursing network coverage
Medium
Fee
2.904.20
Exchange rate margin (%)
3.62
3.62
Total cost (%)
4.464.46
Total cost (EUR)sort descendingTotal cost (USD)sort descending
15.3922.30
Firm
MoneyGram
 
Payment instrument
Access point
Agent
Sending network coverage
High
Transfer speed
Receiving method
Disbursing network coverage
High
Fee
14.8021.45
Exchange rate margin (%)
2.05
2.05
Total cost (%)
6.346.34
Total cost (EUR)sort descendingTotal cost (USD)sort descending
21.8731.70
Firm
Western Union
 
Payment instrument
Access point
Internet
Sending network coverage
High
Transfer speed
Receiving method
Disbursing network coverage
High
Fee
9.9014.35
Exchange rate margin (%)
3.62
3.62
Total cost (%)
6.496.49
Total cost (EUR)sort descendingTotal cost (USD)sort descending
22.3932.45
Firm
WorldRemit
 
Payment instrument
Access point
Internet
Sending network coverage
High
Transfer speed
Receiving method
Disbursing network coverage
Medium
Fee
12.9918.83
Exchange rate margin (%)
3.50
3.50
Total cost (%)
7.267.26
Total cost (EUR)sort descendingTotal cost (USD)sort descending
25.0536.30
Firm
Western Union
 
Payment instrument
Access point
Agent
Sending network coverage
High
Transfer speed
Receiving method
Disbursing network coverage
High
Fee
14.9021.59
Exchange rate margin (%)
3.62
3.62
Total cost (%)
7.947.94
Total cost (EUR)sort descendingTotal cost (USD)sort descending
27.3939.70
Firm
Small World
 
Payment instrument
Access point
Agent
Sending network coverage
High
Transfer speed
Receiving method
Disbursing network coverage
Medium
Fee
11.0015.94
Exchange rate margin (%)
5.74
5.74
Total cost (%)
8.928.92
Total cost (EUR)sort descendingTotal cost (USD)sort descending
30.7744.59
Firm
Ria
 
Payment instrument
Access point
Agent
Sending network coverage
High
Transfer speed
Receiving method
Disbursing network coverage
High
Fee
18.0026.09
Exchange rate margin (%)
3.83
3.83
Total cost (%)
9.059.05
Total cost (EUR)sort descendingTotal cost (USD)sort descending
31.2245.25
Firm
Postbank via Western Union
 
Payment instrument
Access point
Agent, Call Center
Sending network coverage
High
Transfer speed
Receiving method
Disbursing network coverage
High
Fee
29.9043.33
Exchange rate margin (%)
3.62
3.62
Total cost (%)
12.2912.29
Total cost (EUR)sort descendingTotal cost (USD)sort descending
42.4061.45
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
 
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
0.00
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
 
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
0.00
Total cost (%)
2.462.46
Total cost (EUR)sort descendingTotal cost (USD)sort descending
8.4912.30
Total Average First Quarter
6.026.02
Total Average Fourth Quarter 2017
4.914.91
Total Average
Fee
10.9215.83
Exchange Rate Margin (%)
2.862.86
Total Cost Percent (%)
6.026.02
Total Cost (EUR) Total Cost (USD)
20.7730.10
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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