Remittance Prices Worldwide

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Transfer money

Sending money from ITALY to CHINA

Data collected on: May 22, 2020
EUR | USD
Firm
Payment instrument
Access point
Sending network coverage
Transfer speed
Receiving method
Disbursing network coverage
Fee
Exchange rate margin (%)
Total cost (%)sort descending
Total cost (EUR)Total cost (USD)
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
4.266.09
Exchange rate margin (%)
0.04
Percentage difference between market reference rate 7.78 and exchange rate charged 7.770.04
Total cost (%)sort descending
3.083.08
Total cost (EUR)Total cost (USD)
4.316.16
Firm
Remitly
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 (%)
1.77
Percentage difference between market reference rate 7.78 and exchange rate charged 7.641.77
Total cost (%)sort descending
3.193.19
Total cost (EUR)Total cost (USD)
4.476.39
Firm
Extrabanca
Firm type: Money Transfer Operator
 
Payment instrument
Access point
Bank branch
Sending network coverage
Low
Transfer speed
Receiving method
Disbursing network coverage
High
Fee
4.005.71
Exchange rate margin (%)
0.99
Percentage difference between market reference rate 1.09 and exchange rate charged 1.080.99
Total cost (%)sort descending
3.853.85
Total cost (EUR)Total cost (USD)
5.397.70
Firm
Extrabanca
Firm type: Money Transfer Operator
 
Payment instrument
Access point
Bank branch
Sending network coverage
Low
Transfer speed
Receiving method
Disbursing network coverage
High
Fee
5.007.14
Exchange rate margin (%)
0.99
Percentage difference between market reference rate 1.09 and exchange rate charged 1.080.99
Total cost (%)sort descending
4.564.56
Total cost (EUR)Total cost (USD)
6.389.11
Firm
Poste Italiane via Western Union
Firm type: Bank
 
Payment instrument
Access point
Internet
Sending network coverage
High
Transfer speed
Receiving method
Agent
Disbursing network coverage
High
Fee
1.902.71
Exchange rate margin (%)
3.60
Percentage difference between market reference rate 1.09 and exchange rate charged 1.053.60
Total cost (%)sort descending
4.964.96
Total cost (EUR)Total cost (USD)
6.949.91
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
1.992.84
Exchange rate margin (%)
3.58
Percentage difference between market reference rate 1.09 and exchange rate charged 1.053.58
Total cost (%)sort descending
5.015.01
Total cost (EUR)Total cost (USD)
7.0110.01
Firm
Western Union
Firm type: Money Transfer Operator
 
Payment instrument
Access point
Agent
Sending network coverage
High
Transfer speed
Receiving method
Disbursing network coverage
High
Fee
3.905.57
Exchange rate margin (%)
3.60
Percentage difference between market reference rate 1.09 and exchange rate charged 1.053.60
Total cost (%)sort descending
6.396.39
Total cost (EUR)Total cost (USD)
8.9512.79
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
5.888.40
Exchange rate margin (%)
3.60
Percentage difference between market reference rate 1.09 and exchange rate charged 1.053.60
Total cost (%)sort descending
7.807.80
Total cost (EUR)Total cost (USD)
10.9215.60
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
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 (%)sort descending
8.578.57
Total cost (EUR)Total cost (USD)
12.0017.14
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
10.0014.29
Exchange rate margin (%)
3.58
Percentage difference between market reference rate 1.09 and exchange rate charged 1.053.58
Total cost (%)sort descending
10.7310.73
Total cost (EUR)Total cost (USD)
15.0221.46
Firm
Poste Italiane via MoneyGram
Firm type: Money Transfer Operator
 
Payment instrument
Access point
Post Office branch
Sending network coverage
High
Transfer speed
Receiving method
Agent
Disbursing network coverage
High
Fee
10.0014.29
Exchange rate margin (%)
3.58
Percentage difference between market reference rate 1.09 and exchange rate charged 1.053.58
Total cost (%)sort descending
10.7310.73
Total cost (EUR)Total cost (USD)
15.0221.46
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
21.0030.00
Exchange rate margin (%)
3.60
Percentage difference between market reference rate 1.09 and exchange rate charged 1.053.60
Total cost (%)sort descending
18.6018.60
Total cost (EUR)Total cost (USD)
26.0437.20
Total Average Second Quarter
7.297.29
Total Average First Quarter
7.177.17
Total Average
Fee
6.839.75
Exchange Rate Margin (%)
2.412.41
Total Cost Percent (%)
7.297.29
Total Cost (EUR) Total Cost (USD)
10.2014.58
Non-Transparent records
Bank account transfer Debit/credit card Cash
Less than one hour Next day 2 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)Total cost (USD)
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
7.2110.45
Exchange rate margin (%)
0.04
Percentage difference between market reference rate 7.78 and exchange rate charged 7.770.04
Total cost (%)
2.132.13
Total cost (EUR)Total cost (USD)
7.3510.65
Firm
Remitly
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 (%)
1.77
Percentage difference between market reference rate 7.78 and exchange rate charged 7.641.77
Total cost (%)
2.342.34
Total cost (EUR)Total cost (USD)
8.0711.70
Firm
Extrabanca
Firm type: Money Transfer Operator
 
Payment instrument
Access point
Bank branch
Sending network coverage
Low
Transfer speed
Receiving method
Disbursing network coverage
High
Fee
4.005.80
Exchange rate margin (%)
0.99
Percentage difference between market reference rate 1.09 and exchange rate charged 1.080.99
Total cost (%)
2.152.15
Total cost (EUR)Total cost (USD)
7.4210.75
Firm
Extrabanca
Firm type: Money Transfer Operator
 
Payment instrument
Access point
Bank branch
Sending network coverage
Low
Transfer speed
Receiving method
Disbursing network coverage
High
Fee
5.007.25
Exchange rate margin (%)
0.99
Percentage difference between market reference rate 1.09 and exchange rate charged 1.080.99
Total cost (%)
2.442.44
Total cost (EUR)Total cost (USD)
8.4212.20
Firm
Poste Italiane via Western Union
Firm type: Bank
 
Payment instrument
Access point
Internet
Sending network coverage
High
Transfer speed
Receiving method
Agent
Disbursing network coverage
High
Fee
2.904.20
Exchange rate margin (%)
3.60
Percentage difference between market reference rate 1.09 and exchange rate charged 1.053.60
Total cost (%)
4.444.44
Total cost (EUR)Total cost (USD)
15.3222.20
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
Fee
1.992.88
Exchange rate margin (%)
3.58
Percentage difference between market reference rate 1.09 and exchange rate charged 1.053.58
Total cost (%)
4.164.16
Total cost (EUR)Total cost (USD)
14.3520.80
Firm
Western Union
Firm type: Money Transfer Operator
 
Payment instrument
Access point
Agent
Sending network coverage
High
Transfer speed
Receiving method
Disbursing network coverage
High
Fee
3.905.65
Exchange rate margin (%)
3.60
Percentage difference between market reference rate 1.09 and exchange rate charged 1.053.60
Total cost (%)
4.734.73
Total cost (EUR)Total cost (USD)
16.3223.65
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
8.8812.87
Exchange rate margin (%)
3.60
Percentage difference between market reference rate 1.09 and exchange rate charged 1.053.60
Total cost (%)
6.186.18
Total cost (EUR)Total cost (USD)
21.3230.90
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
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)Total cost (USD)
12.0117.41
Firm
Poste Italiane via MoneyGram
Firm type: Money Transfer Operator
 
Payment instrument
Access point
Post Office branch
Sending network coverage
High
Transfer speed
Receiving method
Agent
Disbursing network coverage
High
Fee
15.0021.74
Exchange rate margin (%)
3.58
Percentage difference between market reference rate 1.09 and exchange rate charged 1.053.58
Total cost (%)
7.937.93
Total cost (EUR)Total cost (USD)
27.3639.65
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
15.0021.74
Exchange rate margin (%)
3.58
Percentage difference between market reference rate 1.09 and exchange rate charged 1.053.58
Total cost (%)
7.937.93
Total cost (EUR)Total cost (USD)
27.3639.65
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
21.0030.43
Exchange rate margin (%)
3.60
Percentage difference between market reference rate 1.09 and exchange rate charged 1.053.60
Total cost (%)
9.699.69
Total cost (EUR)Total cost (USD)
33.4348.45
Total Average Second Quarter
4.804.80
Total Average First Quarter
4.534.53
Total Average
Fee
8.2411.94
Exchange Rate Margin (%)
2.412.41
Total Cost Percent (%)
4.804.80
Total Cost (EUR) Total Cost (USD)
16.5624.00
Non-Transparent records
Bank account transfer Debit/credit card Cash
Less than one hour Next day 2 days
Bank account Cash Mobile wallet
Least Costly Corridors To China
Least Costly Corridors From Italy
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