Remittance Prices Worldwide

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Transfer money

Sending money from ITALY to CHINA

Data collected on: Oct 31, 2019
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
4.185.97
Exchange rate margin (%)
0.00
Percentage difference between market reference rate 7.86 and exchange rate charged 7.860.00
Total cost (%)sort descending
2.982.98
Total cost (EUR)Total cost (USD)
4.175.96
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 (%)
0.90
Percentage difference between market reference rate 1.12 and exchange rate charged 1.110.90
Total cost (%)sort descending
3.763.76
Total cost (EUR)Total cost (USD)
5.267.51
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 (%)
0.90
Percentage difference between market reference rate 1.12 and exchange rate charged 1.110.90
Total cost (%)sort descending
4.474.47
Total cost (EUR)Total cost (USD)
6.268.94
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 (%)
4.31
Percentage difference between market reference rate 1.12 and exchange rate charged 1.074.31
Total cost (%)sort descending
5.745.74
Total cost (EUR)Total cost (USD)
8.0411.49
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 (%)
4.33
Percentage difference between market reference rate 1.12 and exchange rate charged 1.074.33
Total cost (%)sort descending
7.127.12
Total cost (EUR)Total cost (USD)
9.9714.24
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 (%)
4.33
Percentage difference between market reference rate 1.12 and exchange rate charged 1.074.33
Total cost (%)sort descending
8.538.53
Total cost (EUR)Total cost (USD)
11.9417.06
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 (%)
4.31
Percentage difference between market reference rate 1.12 and exchange rate charged 1.074.31
Total cost (%)sort descending
11.4611.46
Total cost (EUR)Total cost (USD)
16.0422.91
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 (%)
4.31
Percentage difference between market reference rate 1.12 and exchange rate charged 1.074.31
Total cost (%)sort descending
11.4611.46
Total cost (EUR)Total cost (USD)
16.0422.91
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 (%)
4.33
Percentage difference between market reference rate 1.12 and exchange rate charged 1.074.33
Total cost (%)sort descending
19.3319.33
Total cost (EUR)Total cost (USD)
27.0638.66
Total Average Fourth Quarter 2019
8.348.34
Total Average Third Quarter 2019
8.508.50
Total Average
Fee
7.8011.14
Exchange Rate Margin (%)
2.772.77
Total Cost Percent (%)
8.348.34
Total Cost (EUR) Total Cost (USD)
11.6816.68
Non-Transparent records
Bank account transfer Debit/credit card Cash
Less than one hour Next day 2 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)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 (%)
0.00
Percentage difference between market reference rate 7.86 and exchange rate charged 7.860.00
Total cost (%)
2.092.09
Total cost (EUR)Total cost (USD)
7.2110.45
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 (%)
0.90
Percentage difference between market reference rate 1.12 and exchange rate charged 1.110.90
Total cost (%)
2.062.06
Total cost (EUR)Total cost (USD)
7.1110.30
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 (%)
0.90
Percentage difference between market reference rate 1.12 and exchange rate charged 1.110.90
Total cost (%)
2.352.35
Total cost (EUR)Total cost (USD)
8.1111.75
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 (%)
4.31
Percentage difference between market reference rate 1.12 and exchange rate charged 1.074.31
Total cost (%)
4.894.89
Total cost (EUR)Total cost (USD)
16.8724.45
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 (%)
4.33
Percentage difference between market reference rate 1.12 and exchange rate charged 1.074.33
Total cost (%)
5.465.46
Total cost (EUR)Total cost (USD)
18.8427.30
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 (%)
4.33
Percentage difference between market reference rate 1.12 and exchange rate charged 1.074.33
Total cost (%)
6.916.91
Total cost (EUR)Total cost (USD)
23.8434.55
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
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 (%)
4.31
Percentage difference between market reference rate 1.12 and exchange rate charged 1.074.31
Total cost (%)
8.668.66
Total cost (EUR)Total cost (USD)
29.8843.30
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 (%)
4.31
Percentage difference between market reference rate 1.12 and exchange rate charged 1.074.31
Total cost (%)
8.668.66
Total cost (EUR)Total cost (USD)
29.8843.30
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
21.0030.43
Exchange rate margin (%)
4.33
Percentage difference between market reference rate 1.12 and exchange rate charged 1.074.33
Total cost (%)
10.4210.42
Total cost (EUR)Total cost (USD)
35.9552.10
Total Average Fourth Quarter 2019
5.505.50
Total Average Third Quarter 2019
5.655.65
Total Average
Fee
9.4013.62
Exchange Rate Margin (%)
2.772.77
Total Cost Percent (%)
5.505.50
Total Cost (EUR) Total Cost (USD)
18.9727.49
Non-Transparent records
Bank account transfer Debit/credit card Cash
Less than one hour Next day 2 days
Bank account Cash
Least Costly Corridors To China
Least Costly Corridors From Italy
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