Remittance Prices Worldwide

MAKING MARKETS MORE TRANSPARENT

From DEGermany you can also send money to
Transfer money

Sending money from GERMANY to UKRAINE

Data collected on: Oct 30, 2020
EUR | USD
Firm
Payment instrument
Access point
Sending network coverage
Transfer speed
<em>Transfer Speed</em> has been standardized in six broad categories.
Receiving method
Disbursing network coverage
Fee
Exchange rate margin (%)
The exchange rate margin is the cost resulting from the fact that the firm applies a rate that is different from the market reference rate. The margin is the percentage difference between the market reference rate and the exchange rate actually applied to the transaction.
Total cost (%)
The total cost of sending a remittance transfer includes: the fee charged to the sender plus the exchange rate margin.
Total cost (EUR)sort descendingTotal cost (USD)sort descending
The total cost of sending a remittance transfer includes: the fee charged to the sender plus the exchange rate margin.
Firm
Azimo
Firm type: Money Transfer Operator
 
Payment instrument
Access point
Internet
Sending network coverage
High
Transfer speed
Receiving method
Disbursing network coverage
High
Fee
1.992.84
Exchange rate margin (%)
0.00
Percentage difference between market reference rate 1.00 and exchange rate charged 1.000.00
Total cost (%)
1.421.42
Total cost (EUR)sort descendingTotal cost (USD)sort descending
1.992.84
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 (%)
0.00
Percentage difference between market reference rate 1.00 and exchange rate charged 1.000.00
Total cost (%)
2.852.85
Total cost (EUR)sort descendingTotal cost (USD)sort descending
3.995.70
Firm
Transferwise
Firm type: Money Transfer Operator
 
Payment instrument
Access point
Internet
Sending network coverage
High
Transfer speed
Receiving method
Disbursing network coverage
High
Fee
4.065.80
Exchange rate margin (%)
0.08
Percentage difference between market reference rate 33.23 and exchange rate charged 33.210.08
Total cost (%)
2.982.98
Total cost (EUR)sort descendingTotal cost (USD)sort descending
4.175.96
Firm
Small World
Firm type: Money Transfer Operator
 
Payment instrument
Access point
Internet
Sending network coverage
High
Transfer speed
Receiving method
Agent
Disbursing network coverage
High
Fee
8.0011.43
Exchange rate margin (%)
0.00
Percentage difference between market reference rate 1.00 and exchange rate charged 1.000.00
Total cost (%)
5.715.71
Total cost (EUR)sort descendingTotal cost (USD)sort descending
7.9911.41
Firm
Azimo
Firm type: Money Transfer Operator
 
Payment instrument
Access point
Internet
Sending network coverage
High
Transfer speed
Receiving method
Disbursing network coverage
High
Fee
2.994.27
Exchange rate margin (%)
4.12
Percentage difference between market reference rate 1.17 and exchange rate charged 1.124.12
Total cost (%)
6.266.26
Total cost (EUR)sort descendingTotal cost (USD)sort descending
8.7612.51
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
3.905.57
Exchange rate margin (%)
4.12
Percentage difference between market reference rate 1.17 and exchange rate charged 1.124.12
Total cost (%)
6.916.91
Total cost (EUR)sort descendingTotal cost (USD)sort descending
9.6713.81
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 (%)
0.00
Percentage difference between market reference rate 1.00 and exchange rate charged 1.000.00
Total cost (%)
7.147.14
Total cost (EUR)sort descendingTotal cost (USD)sort descending
10.0014.29
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 (%)
0.00
Percentage difference between market reference rate 1.00 and exchange rate charged 1.000.00
Total cost (%)
8.578.57
Total cost (EUR)sort descendingTotal cost (USD)sort descending
12.0017.14
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 (%)
4.98
Percentage difference between market reference rate 1.17 and exchange rate charged 1.114.98
Total cost (%)
9.919.91
Total cost (EUR)sort descendingTotal cost (USD)sort descending
13.8719.81
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
9.9014.14
Exchange rate margin (%)
3.27
Percentage difference between market reference rate 1.17 and exchange rate charged 1.133.27
Total cost (%)
10.3410.34
Total cost (EUR)sort descendingTotal cost (USD)sort descending
14.4820.69
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
Firm type: Post office
 
Payment instrument
Access point
Bank branch, Call Center
Sending network coverage
High
Transfer speed
Receiving method
Disbursing network coverage
High
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 Fourth Quarter 2020
6.206.20
Total Average Third Quarter 2020
6.736.73
Total Average
Fee
6.579.38
Exchange Rate Margin (%)
1.511.51
Total Cost Percent (%)
6.206.20
Total Cost (EUR) Total Cost (USD)
8.6712.39
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
High
Fee
1.992.88
Exchange rate margin (%)
0.00
Percentage difference between market reference rate 1.00 and exchange rate charged 1.000.00
Total cost (%)
0.580.58
Total cost (EUR)sort descendingTotal cost (USD)sort descending
2.002.90
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 (%)
0.00
Percentage difference between market reference rate 1.00 and exchange rate charged 1.000.00
Total cost (%)
1.161.16
Total cost (EUR)sort descendingTotal cost (USD)sort descending
4.005.80
Firm
Transferwise
Firm type: Money Transfer Operator
 
Payment instrument
Access point
Internet
Sending network coverage
High
Transfer speed
Receiving method
Disbursing network coverage
High
Fee
9.3413.54
Exchange rate margin (%)
0.08
Percentage difference between market reference rate 33.23 and exchange rate charged 33.210.08
Total cost (%)
2.782.78
Total cost (EUR)sort descendingTotal cost (USD)sort descending
9.5913.90
Firm
Small World
Firm type: Money Transfer Operator
 
Payment instrument
Access point
Internet
Sending network coverage
High
Transfer speed
Receiving method
Agent
Disbursing network coverage
High
Fee
12.0017.39
Exchange rate margin (%)
0.00
Percentage difference between market reference rate 1.00 and exchange rate charged 1.000.00
Total cost (%)
3.483.48
Total cost (EUR)sort descendingTotal cost (USD)sort descending
12.0117.41
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
15.0021.74
Exchange rate margin (%)
0.00
Percentage difference between market reference rate 1.00 and exchange rate charged 1.000.00
Total cost (%)
4.354.35
Total cost (EUR)sort descendingTotal cost (USD)sort descending
15.0121.75
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
17.0024.64
Exchange rate margin (%)
0.00
Percentage difference between market reference rate 1.00 and exchange rate charged 1.000.00
Total cost (%)
4.934.93
Total cost (EUR)sort descendingTotal cost (USD)sort descending
17.0124.65
Firm
Azimo
Firm type: Money Transfer Operator
 
Payment instrument
Access point
Internet
Sending network coverage
High
Transfer speed
Receiving method
Disbursing network coverage
High
Fee
2.994.33
Exchange rate margin (%)
4.12
Percentage difference between market reference rate 1.17 and exchange rate charged 1.124.12
Total cost (%)
4.994.99
Total cost (EUR)sort descendingTotal cost (USD)sort descending
17.2224.96
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
3.905.65
Exchange rate margin (%)
4.12
Percentage difference between market reference rate 1.17 and exchange rate charged 1.124.12
Total cost (%)
5.265.26
Total cost (EUR)sort descendingTotal cost (USD)sort descending
18.1526.30
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 (%)
4.98
Percentage difference between market reference rate 1.17 and exchange rate charged 1.114.98
Total cost (%)
6.986.98
Total cost (EUR)sort descendingTotal cost (USD)sort descending
24.0834.90
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 (%)
3.27
Percentage difference between market reference rate 1.17 and exchange rate charged 1.133.27
Total cost (%)
7.597.59
Total cost (EUR)sort descendingTotal cost (USD)sort descending
26.1937.96
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
High
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 Fourth Quarter 2020
4.054.05
Total Average Third Quarter 2020
4.514.51
Total Average
Fee
8.7712.72
Exchange Rate Margin (%)
1.511.51
Total Cost Percent (%)
4.054.05
Total Cost (EUR) Total Cost (USD)
13.9820.26
Non-Transparent records
Bank account transfer Debit/credit card Cash
Less than one hour Same day Next day 3-5 days
Bank account Cash
Least Costly Corridors To Ukraine
Least Costly Corridors From Germany
      © 2015 The World Bank Group, All Rights Reserved