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Transfer money

Sending money from GERMANY to NIGERIA

Data collected on: Feb 05, 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)Total cost (USD)
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 (%)
6.74
Percentage difference between market reference rate 400.74 and exchange rate charged 373.756.74
Total cost (%)
8.818.81
Total cost (EUR)Total cost (USD)
12.3317.61
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 (%)
6.67
Percentage difference between market reference rate 400.74 and exchange rate charged 374.016.67
Total cost (%)
9.529.52
Total cost (EUR)Total cost (USD)
13.3319.04
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 (%)
8.19
Percentage difference between market reference rate 400.74 and exchange rate charged 367.918.19
Total cost (%)
13.1213.12
Total cost (EUR)Total cost (USD)
18.3726.24
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 (%)
6.47
Percentage difference between market reference rate 400.74 and exchange rate charged 374.816.47
Total cost (%)
6.476.47
Total cost (EUR)Total cost (USD)
9.0612.94
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 (%)
4.77
Percentage difference between market reference rate 400.74 and exchange rate charged 381.634.77
Total cost (%)
6.906.90
Total cost (EUR)Total cost (USD)
9.6613.80
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 (%)
4.12
Percentage difference between market reference rate 400.74 and exchange rate charged 384.224.12
Total cost (%)
7.697.69
Total cost (EUR)Total cost (USD)
10.7715.39
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 (%)
5.68
Percentage difference between market reference rate 400.74 and exchange rate charged 377.985.68
Total cost (%)
19.8919.89
Total cost (EUR)Total cost (USD)
27.8539.79
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 (%)
10.20
Percentage difference between market reference rate 400.74 and exchange rate charged 359.8510.20
Total cost (%)
17.3517.35
Total cost (EUR)Total cost (USD)
24.2934.70
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 (%)
4.09
Percentage difference between market reference rate 400.74 and exchange rate charged 384.344.09
Total cost (%)
9.819.81
Total cost (EUR)Total cost (USD)
13.7319.61
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
2.052.93
Exchange rate margin (%)
3.97
Percentage difference between market reference rate 400.74 and exchange rate charged 384.823.97
Total cost (%)
5.445.44
Total cost (EUR)Total cost (USD)
7.6210.89
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 (%)
7.93
Percentage difference between market reference rate 400.74 and exchange rate charged 368.957.93
Total cost (%)
14.6514.65
Total cost (EUR)Total cost (USD)
20.5129.30
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 (%)
2.03
Percentage difference between market reference rate 400.74 and exchange rate charged 392.622.03
Total cost (%)
3.453.45
Total cost (EUR)Total cost (USD)
4.836.90
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
6.909.86
Exchange rate margin (%)
7.93
Percentage difference between market reference rate 400.74 and exchange rate charged 368.957.93
Total cost (%)
12.8612.86
Total cost (EUR)Total cost (USD)
18.0025.71
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 (%)
6.67
Percentage difference between market reference rate 400.74 and exchange rate charged 374.016.67
Total cost (%)
15.2415.24
Total cost (EUR)Total cost (USD)
21.3430.49
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)Total cost (USD)
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)Total cost (USD)
8.5012.14
Total Average First Quarter
9.909.90
Total Average Fourth Quarter 2019
7.997.99
Total Average
Fee
6.389.11
Exchange Rate Margin (%)
5.345.34
Total Cost Percent (%)
9.909.90
Total Cost (EUR) Total Cost (USD)
13.8619.79
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
Feesort descending
Exchange rate margin (%)
Total cost (%)
Total cost (EUR)Total cost (USD)
Firm
MoneyGram
Firm type: Money Transfer Operator
 
Payment instrument
Access point
Internet
Sending network coverage
High
Transfer speed
Receiving method
Disbursing network coverage
Medium
Feesort descending
0.000.00
Exchange rate margin (%)
6.47
Percentage difference between market reference rate 400.74 and exchange rate charged 374.816.47
Total cost (%)
6.476.47
Total cost (EUR)Total cost (USD)
22.3232.35
Firm
Azimo
Firm type: Money Transfer Operator
 
Payment instrument
Access point
Internet
Sending network coverage
High
Transfer speed
Receiving method
Disbursing network coverage
Medium
Feesort descending
1.992.88
Exchange rate margin (%)
2.03
Percentage difference between market reference rate 400.74 and exchange rate charged 392.622.03
Total cost (%)
2.602.60
Total cost (EUR)Total cost (USD)
8.9713.00
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
Feesort descending
2.904.20
Exchange rate margin (%)
6.74
Percentage difference between market reference rate 400.74 and exchange rate charged 373.756.74
Total cost (%)
7.587.58
Total cost (EUR)Total cost (USD)
26.1537.90
Firm
WorldRemit
Firm type: Money Transfer Operator
 
Payment instrument
Access point
Internet
Sending network coverage
High
Transfer speed
Receiving method
Disbursing network coverage
Medium
Feesort descending
2.994.33
Exchange rate margin (%)
4.77
Percentage difference between market reference rate 400.74 and exchange rate charged 381.634.77
Total cost (%)
5.645.64
Total cost (EUR)Total cost (USD)
19.4628.20
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
Feesort descending
3.995.78
Exchange rate margin (%)
6.67
Percentage difference between market reference rate 400.74 and exchange rate charged 374.016.67
Total cost (%)
7.837.83
Total cost (EUR)Total cost (USD)
27.0139.14
Firm
Transferwise
Firm type: Money Transfer Operator
 
Payment instrument
Access point
Internet
Sending network coverage
High
Transfer speed
Receiving method
Disbursing network coverage
Medium
Feesort descending
4.025.83
Exchange rate margin (%)
3.97
Percentage difference between market reference rate 400.74 and exchange rate charged 384.823.97
Total cost (%)
5.145.14
Total cost (EUR)Total cost (USD)
17.7325.70
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
Feesort descending
6.008.70
Exchange rate margin (%)
4.12
Percentage difference between market reference rate 400.74 and exchange rate charged 384.224.12
Total cost (%)
5.865.86
Total cost (EUR)Total cost (USD)
20.2229.30
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
Feesort descending
6.9010.00
Exchange rate margin (%)
8.19
Percentage difference between market reference rate 400.74 and exchange rate charged 367.918.19
Total cost (%)
10.1910.19
Total cost (EUR)Total cost (USD)
35.1650.96
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
Feesort descending
11.0015.94
Exchange rate margin (%)
4.09
Percentage difference between market reference rate 400.74 and exchange rate charged 384.344.09
Total cost (%)
7.287.28
Total cost (EUR)Total cost (USD)
25.1236.41
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
Feesort descending
12.9018.70
Exchange rate margin (%)
7.93
Percentage difference between market reference rate 400.74 and exchange rate charged 368.957.93
Total cost (%)
11.6711.67
Total cost (EUR)Total cost (USD)
40.2658.35
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
Feesort descending
14.9021.59
Exchange rate margin (%)
7.93
Percentage difference between market reference rate 400.74 and exchange rate charged 368.957.93
Total cost (%)
12.2512.25
Total cost (EUR)Total cost (USD)
42.2661.25
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
Feesort descending
18.0026.09
Exchange rate margin (%)
10.20
Percentage difference between market reference rate 400.74 and exchange rate charged 359.8510.20
Total cost (%)
15.4215.42
Total cost (EUR)Total cost (USD)
53.2077.10
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
Feesort descending
19.0027.54
Exchange rate margin (%)
6.67
Percentage difference between market reference rate 400.74 and exchange rate charged 374.016.67
Total cost (%)
12.1812.18
Total cost (EUR)Total cost (USD)
42.0260.90
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
Feesort descending
29.9043.33
Exchange rate margin (%)
5.68
Percentage difference between market reference rate 400.74 and exchange rate charged 377.985.68
Total cost (%)
14.3514.35
Total cost (EUR)Total cost (USD)
49.5171.75
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
Feesort descending
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)Total cost (USD)
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
Feesort descending
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)Total cost (USD)
8.4912.30
Total Average First Quarter
7.967.96
Total Average Fourth Quarter 2019
6.126.12
Total Average
Fee
9.0313.09
Exchange Rate Margin (%)
5.345.34
Total Cost Percent (%)
7.967.96
Total Cost (EUR) Total Cost (USD)
27.4639.80
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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