Remittance Prices Worldwide

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Sending money from GERMANY to NIGERIA

Data collected on: Feb 05, 2020
EUR | USD
Payment instrument
Access point
Sending network coverage
Receiving method
Western Union
Firm type: Money Transfer Operator
Payment instrument
Access point
Agent
Sending network coverage
High
Receiving method
Agent
High
9.4013.43
7.93
Percentage difference between market reference rate 400.74 and exchange rate charged 368.95
7.93
14.6514.65
20.5129.30
Azimo
Firm type: Money Transfer Operator
Payment instrument
Access point
Internet
Sending network coverage
High
Receiving method
Medium
1.992.84
2.03
Percentage difference between market reference rate 400.74 and exchange rate charged 392.62
2.03
3.453.45
4.836.90
Western Union
Firm type: Money Transfer Operator
Payment instrument
Access point
Internet
Sending network coverage
High
Receiving method
Agent
High
6.909.86
7.93
Percentage difference between market reference rate 400.74 and exchange rate charged 368.95
7.93
12.8612.86
18.0025.71
MoneyGram
Firm type: Money Transfer Operator
Payment instrument
Access point
Agent
Sending network coverage
High
Receiving method
Agent
High
12.0017.14
6.67
Percentage difference between market reference rate 400.74 and exchange rate charged 374.01
6.67
15.2415.24
21.3430.49
Western Union
Firm type: Money Transfer Operator
Payment instrument
Access point
Internet
Sending network coverage
High
Receiving method
Medium
2.904.14
6.74
Percentage difference between market reference rate 400.74 and exchange rate charged 373.75
6.74
8.818.81
12.3317.61
MoneyGram
Firm type: Money Transfer Operator
Payment instrument
Access point
Internet
Sending network coverage
High
Receiving method
Agent
High
3.995.70
6.67
Percentage difference between market reference rate 400.74 and exchange rate charged 374.01
6.67
9.529.52
13.3319.04
Western Union
Firm type: Money Transfer Operator
Payment instrument
Access point
Agent
Sending network coverage
High
Receiving method
Agent
High
6.909.86
8.19
Percentage difference between market reference rate 400.74 and exchange rate charged 367.91
8.19
13.1213.12
18.3726.24
MoneyGram
Firm type: Money Transfer Operator
Payment instrument
Access point
Internet
Sending network coverage
High
Receiving method
Medium
0.000.00
6.47
Percentage difference between market reference rate 400.74 and exchange rate charged 374.81
6.47
6.476.47
9.0612.94
WorldRemit
Firm type: Money Transfer Operator
Payment instrument
Access point
Internet
Sending network coverage
High
Receiving method
Medium
2.994.27
4.77
Percentage difference between market reference rate 400.74 and exchange rate charged 381.63
4.77
6.906.90
9.6613.80
Xpress Money
Firm type: Money Transfer Operator
Payment instrument
Access point
Agent
Sending network coverage
High
Receiving method
Agent
High
5.007.14
4.12
Percentage difference between market reference rate 400.74 and exchange rate charged 384.22
4.12
7.697.69
10.7715.39
Postbank via Western Union
Firm type: Bank / Money Transfer Operator
Payment instrument
Access point
Agent, Call Center
Sending network coverage
High
Receiving method
Agent
High
19.9028.43
5.68
Percentage difference between market reference rate 400.74 and exchange rate charged 377.98
5.68
19.8919.89
27.8539.79
Ria
Firm type: Money Transfer Operator
Payment instrument
Access point
Agent
Sending network coverage
High
Receiving method
Agent
High
10.0014.29
10.20
Percentage difference between market reference rate 400.74 and exchange rate charged 359.85
10.20
17.3517.35
24.2934.70
Small World
Firm type: Money Transfer Operator
Payment instrument
Access point
Agent
Sending network coverage
High
Receiving method
Agent
Medium
8.0011.43
4.09
Percentage difference between market reference rate 400.74 and exchange rate charged 384.34
4.09
9.819.81
13.7319.61
Transferwise
Firm type: Money Transfer Operator
Payment instrument
Access point
Internet
Sending network coverage
High
Receiving method
Medium
2.052.93
3.97
Percentage difference between market reference rate 400.74 and exchange rate charged 384.82
3.97
5.445.44
7.6210.89
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
Receiving method
Medium
1.502.14
0.00
Percentage difference between market reference rate 1.00 and exchange rate charged 1.00
0.00
1.071.07
1.502.14
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
Receiving method
Medium
8.5012.14
0.00
Percentage difference between market reference rate 1.00 and exchange rate charged 1.00
0.00
6.076.07
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
Payment instrument
Access point
Sending network coverage
Receiving method
Western Union
Firm type: Money Transfer Operator
Payment instrument
Access point
Agent
Sending network coverage
High
Receiving method
Agent
High
14.9021.59
7.93
Percentage difference between market reference rate 400.74 and exchange rate charged 368.95
7.93
12.2512.25
42.2661.25
Azimo
Firm type: Money Transfer Operator
Payment instrument
Access point
Internet
Sending network coverage
High
Receiving method
Medium
1.992.88
2.03
Percentage difference between market reference rate 400.74 and exchange rate charged 392.62
2.03
2.602.60
8.9713.00
Western Union
Firm type: Money Transfer Operator
Payment instrument
Access point
Internet
Sending network coverage
High
Receiving method
Agent
High
12.9018.70
7.93
Percentage difference between market reference rate 400.74 and exchange rate charged 368.95
7.93
11.6711.67
40.2658.35
MoneyGram
Firm type: Money Transfer Operator
Payment instrument
Access point
Agent
Sending network coverage
High
Receiving method
Agent
High
19.0027.54
6.67
Percentage difference between market reference rate 400.74 and exchange rate charged 374.01
6.67
12.1812.18
42.0260.90
Western Union
Firm type: Money Transfer Operator
Payment instrument
Access point
Internet
Sending network coverage
High
Receiving method
Medium
2.904.20
6.74
Percentage difference between market reference rate 400.74 and exchange rate charged 373.75
6.74
7.587.58
26.1537.90
MoneyGram
Firm type: Money Transfer Operator
Payment instrument
Access point
Internet
Sending network coverage
High
Receiving method
Agent
High
3.995.78
6.67
Percentage difference between market reference rate 400.74 and exchange rate charged 374.01
6.67
7.837.83
27.0139.14
Western Union
Firm type: Money Transfer Operator
Payment instrument
Access point
Agent
Sending network coverage
High
Receiving method
Agent
High
6.9010.00
8.19
Percentage difference between market reference rate 400.74 and exchange rate charged 367.91
8.19
10.1910.19
35.1650.96
MoneyGram
Firm type: Money Transfer Operator
Payment instrument
Access point
Internet
Sending network coverage
High
Receiving method
Medium
0.000.00
6.47
Percentage difference between market reference rate 400.74 and exchange rate charged 374.81
6.47
6.476.47
22.3232.35
WorldRemit
Firm type: Money Transfer Operator
Payment instrument
Access point
Internet
Sending network coverage
High
Receiving method
Medium
2.994.33
4.77
Percentage difference between market reference rate 400.74 and exchange rate charged 381.63
4.77
5.645.64
19.4628.20
Xpress Money
Firm type: Money Transfer Operator
Payment instrument
Access point
Agent
Sending network coverage
High
Receiving method
Agent
High
6.008.70
4.12
Percentage difference between market reference rate 400.74 and exchange rate charged 384.22
4.12
5.865.86
20.2229.30
Postbank via Western Union
Firm type: Bank / Money Transfer Operator
Payment instrument
Access point
Agent, Call Center
Sending network coverage
High
Receiving method
Agent
High
29.9043.33
5.68
Percentage difference between market reference rate 400.74 and exchange rate charged 377.98
5.68
14.3514.35
49.5171.75
Ria
Firm type: Money Transfer Operator
Payment instrument
Access point
Agent
Sending network coverage
High
Receiving method
Agent
High
18.0026.09
10.20
Percentage difference between market reference rate 400.74 and exchange rate charged 359.85
10.20
15.4215.42
53.2077.10
Small World
Firm type: Money Transfer Operator
Payment instrument
Access point
Agent
Sending network coverage
High
Receiving method
Agent
Medium
11.0015.94
4.09
Percentage difference between market reference rate 400.74 and exchange rate charged 384.34
4.09
7.287.28
25.1236.41
Transferwise
Firm type: Money Transfer Operator
Payment instrument
Access point
Internet
Sending network coverage
High
Receiving method
Medium
4.025.83
3.97
Percentage difference between market reference rate 400.74 and exchange rate charged 384.82
3.97
5.145.14
17.7325.70
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
Receiving method
Medium
1.502.17
0.00
Percentage difference between market reference rate 1.00 and exchange rate charged 1.00
0.00
0.430.43
1.482.14
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
Receiving method
Medium
8.5012.32
0.00
Percentage difference between market reference rate 1.00 and exchange rate charged 1.00
0.00
2.462.46
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