Remittance Prices Worldwide

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Transfer money

Sending money from ITALY to CHINA

Data collected on: Jul 31, 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
Remitly
Firm type: Money Transfer Operator
 
Payment instrument
Access point
Internet
Sending network coverage
High
Transfer speed
Receiving method
Disbursing network coverage
High
Fee
1.492.13
Exchange rate margin (%)
2.02
Percentage difference between market reference rate 8.30 and exchange rate charged 8.132.02
Total cost (%)sort descending
3.093.09
Total cost (EUR)Total cost (USD)
4.336.19
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 (%)
0.93
Percentage difference between market reference rate 8.30 and exchange rate charged 8.220.93
Total cost (%)sort descending
3.973.97
Total cost (EUR)Total cost (USD)
5.567.94
Firm
MoneyGram
Firm type: Money Transfer Operator
 
Payment instrument
Access point
Internet
Sending network coverage
High
Transfer speed
Receiving method
Disbursing network coverage
High
Fee
0.000.00
Exchange rate margin (%)
4.39
Percentage difference between market reference rate 1.19 and exchange rate charged 1.144.39
Total cost (%)sort descending
4.394.39
Total cost (EUR)Total cost (USD)
6.158.79
Firm
Extrabanca
Firm type: Money Transfer Operator
 
Payment instrument
Access point
Bank branch
Sending network coverage
Low
Transfer speed
Receiving method
Agent
Disbursing network coverage
High
Fee
4.005.71
Exchange rate margin (%)
1.74
Percentage difference between market reference rate 1.19 and exchange rate charged 1.171.74
Total cost (%)sort descending
4.604.60
Total cost (EUR)Total cost (USD)
6.449.20
Firm
Extrabanca
Firm type: Money Transfer Operator
 
Payment instrument
Access point
Bank branch
Sending network coverage
Low
Transfer speed
Receiving method
Agent
Disbursing network coverage
High
Fee
5.007.14
Exchange rate margin (%)
1.74
Percentage difference between market reference rate 1.19 and exchange rate charged 1.171.74
Total cost (%)sort descending
5.315.31
Total cost (EUR)Total cost (USD)
7.4310.61
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 (%)
4.20
Percentage difference between market reference rate 1.19 and exchange rate charged 1.144.20
Total cost (%)sort descending
5.565.56
Total cost (EUR)Total cost (USD)
7.7811.11
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
2.904.14
Exchange rate margin (%)
4.20
Percentage difference between market reference rate 1.19 and exchange rate charged 1.144.20
Total cost (%)sort descending
6.276.27
Total cost (EUR)Total cost (USD)
8.7812.54
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 (%)
4.20
Percentage difference between market reference rate 1.19 and exchange rate charged 1.144.20
Total cost (%)sort descending
6.986.98
Total cost (EUR)Total cost (USD)
9.7713.96
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
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
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 (%)
4.39
Percentage difference between market reference rate 1.19 and exchange rate charged 1.144.39
Total cost (%)sort descending
11.5411.54
Total cost (EUR)Total cost (USD)
16.1623.09
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 (%)
4.39
Percentage difference between market reference rate 1.19 and exchange rate charged 1.144.39
Total cost (%)sort descending
11.5411.54
Total cost (EUR)Total cost (USD)
16.1623.09
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 (%)
4.20
Percentage difference between market reference rate 1.19 and exchange rate charged 1.144.20
Total cost (%)sort descending
19.2019.20
Total cost (EUR)Total cost (USD)
26.8838.40
Total Average Third Quarter
7.597.59
Total Average Second Quarter
7.297.29
Total Average
Fee
6.379.10
Exchange Rate Margin (%)
3.033.03
Total Cost Percent (%)
7.597.59
Total Cost (EUR) Total Cost (USD)
10.6215.17
Non-Transparent records
Bank account transfer Debit/credit card Cash
Less than one hour Same day 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
Remitly
Firm type: Money Transfer Operator
 
Payment instrument
Access point
Internet
Sending network coverage
High
Transfer speed
Receiving method
Disbursing network coverage
High
Fee
1.492.16
Exchange rate margin (%)
2.02
Percentage difference between market reference rate 8.30 and exchange rate charged 8.132.02
Total cost (%)
2.452.45
Total cost (EUR)Total cost (USD)
8.4512.25
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 (%)
0.93
Percentage difference between market reference rate 8.30 and exchange rate charged 8.220.93
Total cost (%)
3.023.02
Total cost (EUR)Total cost (USD)
10.4215.10
Firm
MoneyGram
Firm type: Money Transfer Operator
 
Payment instrument
Access point
Internet
Sending network coverage
High
Transfer speed
Receiving method
Disbursing network coverage
High
Fee
0.000.00
Exchange rate margin (%)
4.39
Percentage difference between market reference rate 1.19 and exchange rate charged 1.144.39
Total cost (%)
4.394.39
Total cost (EUR)Total cost (USD)
15.1521.96
Firm
Extrabanca
Firm type: Money Transfer Operator
 
Payment instrument
Access point
Bank branch
Sending network coverage
Low
Transfer speed
Receiving method
Agent
Disbursing network coverage
High
Fee
4.005.80
Exchange rate margin (%)
1.74
Percentage difference between market reference rate 1.19 and exchange rate charged 1.171.74
Total cost (%)
2.902.90
Total cost (EUR)Total cost (USD)
10.0114.51
Firm
Extrabanca
Firm type: Money Transfer Operator
 
Payment instrument
Access point
Bank branch
Sending network coverage
Low
Transfer speed
Receiving method
Agent
Disbursing network coverage
High
Fee
5.007.25
Exchange rate margin (%)
1.74
Percentage difference between market reference rate 1.19 and exchange rate charged 1.171.74
Total cost (%)
3.193.19
Total cost (EUR)Total cost (USD)
11.0115.96
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 (%)
4.20
Percentage difference between market reference rate 1.19 and exchange rate charged 1.144.20
Total cost (%)
5.045.04
Total cost (EUR)Total cost (USD)
17.3925.20
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 (%)
4.20
Percentage difference between market reference rate 1.19 and exchange rate charged 1.144.20
Total cost (%)
5.335.33
Total cost (EUR)Total cost (USD)
18.3926.65
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 (%)
4.20
Percentage difference between market reference rate 1.19 and exchange rate charged 1.144.20
Total cost (%)
5.335.33
Total cost (EUR)Total cost (USD)
18.3926.65
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
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 (%)
4.39
Percentage difference between market reference rate 1.19 and exchange rate charged 1.144.39
Total cost (%)
8.748.74
Total cost (EUR)Total cost (USD)
30.1543.70
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 (%)
4.39
Percentage difference between market reference rate 1.19 and exchange rate charged 1.144.39
Total cost (%)
8.748.74
Total cost (EUR)Total cost (USD)
30.1543.70
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 (%)
4.20
Percentage difference between market reference rate 1.19 and exchange rate charged 1.144.20
Total cost (%)
10.2910.29
Total cost (EUR)Total cost (USD)
35.5051.45
Total Average Third Quarter
5.245.24
Total Average Second Quarter
4.804.80
Total Average
Fee
7.6211.04
Exchange Rate Margin (%)
3.033.03
Total Cost Percent (%)
5.245.24
Total Cost (EUR) Total Cost (USD)
18.0926.21
Non-Transparent records
Bank account transfer Debit/credit card Cash
Less than one hour Same day Next day 2 days
Bank account Cash Mobile wallet
Least Costly Corridors To China
Least Costly Corridors From Italy
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