Remittance Prices Worldwide

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Transfer money

Sending money from ITALY to CHINA

Data collected on: Sep 13, 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 (%)
0.30
Percentage difference between market reference rate 7.86 and exchange rate charged 7.840.30
Total cost (%)sort descending
3.293.29
Total cost (EUR)Total cost (USD)
4.616.59
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 (%)
0.61
Percentage difference between market reference rate 1.11 and exchange rate charged 1.100.61
Total cost (%)sort descending
3.473.47
Total cost (EUR)Total cost (USD)
4.866.94
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 (%)
0.61
Percentage difference between market reference rate 1.11 and exchange rate charged 1.100.61
Total cost (%)sort descending
4.194.19
Total cost (EUR)Total cost (USD)
5.878.39
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 (%)
4.24
Percentage difference between market reference rate 1.11 and exchange rate charged 1.064.24
Total cost (%)sort descending
5.665.66
Total cost (EUR)Total cost (USD)
7.9211.31
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 (%)
5.00
Percentage difference between market reference rate 1.11 and exchange rate charged 1.065.00
Total cost (%)sort descending
7.797.79
Total cost (EUR)Total cost (USD)
10.9115.59
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
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 (%)
5.00
Percentage difference between market reference rate 1.11 and exchange rate charged 1.065.00
Total cost (%)sort descending
9.209.20
Total cost (EUR)Total cost (USD)
12.8818.40
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 (%)
4.24
Percentage difference between market reference rate 1.11 and exchange rate charged 1.064.24
Total cost (%)sort descending
11.3911.39
Total cost (EUR)Total cost (USD)
15.9522.79
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 (%)
4.24
Percentage difference between market reference rate 1.11 and exchange rate charged 1.064.24
Total cost (%)sort descending
11.3911.39
Total cost (EUR)Total cost (USD)
15.9522.79
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 (%)
5.00
Percentage difference between market reference rate 1.11 and exchange rate charged 1.065.00
Total cost (%)sort descending
20.0020.00
Total cost (EUR)Total cost (USD)
28.0040.00
Total Average Third Quarter
8.508.50
Total Average Second Quarter
7.607.60
Total Average
Fee
7.8011.14
Exchange Rate Margin (%)
2.922.92
Total Cost Percent (%)
8.508.50
Total Cost (EUR) Total Cost (USD)
11.9016.99
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 (%)
0.30
Percentage difference between market reference rate 7.86 and exchange rate charged 7.840.30
Total cost (%)
2.392.39
Total cost (EUR)Total cost (USD)
8.2511.96
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
4.005.80
Exchange rate margin (%)
0.61
Percentage difference between market reference rate 1.11 and exchange rate charged 1.100.61
Total cost (%)
1.771.77
Total cost (EUR)Total cost (USD)
6.118.86
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 (%)
0.61
Percentage difference between market reference rate 1.11 and exchange rate charged 1.100.61
Total cost (%)
2.062.06
Total cost (EUR)Total cost (USD)
7.1110.30
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 (%)
4.24
Percentage difference between market reference rate 1.11 and exchange rate charged 1.064.24
Total cost (%)
4.824.82
Total cost (EUR)Total cost (USD)
16.6324.10
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 (%)
5.00
Percentage difference between market reference rate 1.11 and exchange rate charged 1.065.00
Total cost (%)
6.136.13
Total cost (EUR)Total cost (USD)
21.1530.65
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
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
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 (%)
5.00
Percentage difference between market reference rate 1.11 and exchange rate charged 1.065.00
Total cost (%)
7.577.57
Total cost (EUR)Total cost (USD)
26.1237.86
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 (%)
4.24
Percentage difference between market reference rate 1.11 and exchange rate charged 1.064.24
Total cost (%)
8.598.59
Total cost (EUR)Total cost (USD)
29.6442.96
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 (%)
4.24
Percentage difference between market reference rate 1.11 and exchange rate charged 1.064.24
Total cost (%)
8.598.59
Total cost (EUR)Total cost (USD)
29.6442.96
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 (%)
5.00
Percentage difference between market reference rate 1.11 and exchange rate charged 1.065.00
Total cost (%)
11.0911.09
Total cost (EUR)Total cost (USD)
38.2655.45
Total Average Third Quarter
5.655.65
Total Average Second Quarter
4.534.53
Total Average
Fee
9.4013.62
Exchange Rate Margin (%)
2.922.92
Total Cost Percent (%)
5.655.65
Total Cost (EUR) Total Cost (USD)
19.4928.25
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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