Remittance Prices Worldwide

MAKING MARKETS MORE TRANSPARENT

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Sending money from ITALY to SENEGAL

Data collected on: Oct 30, 2020
EUR | USD
Payment instrument
Access point
Sending network coverage
Transfer speed
<em>Transfer Speed</em> has been standardized in six broad categories.
Receiving method
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.
Poste Italiane via Western Union
Firm type: Bank
Payment instrument
Access point
Internet
Sending network coverage
High
Receiving method
Agent
High
1.902.71
0.00
Percentage difference between market reference rate 655.96 and exchange rate charged 655.96
0.00
1.361.36
1.902.71
Western Union
Firm type: Money Transfer Operator
Payment instrument
Access point
Internet
Sending network coverage
High
Receiving method
Agent
High
1.902.71
0.00
Percentage difference between market reference rate 655.96 and exchange rate charged 655.96
0.00
1.361.36
1.902.71
TapTap Send
Firm type: Money Transfer Operator
Payment instrument
Access point
Internet
Sending network coverage
High
Receiving method
Agent
High
2.002.86
0.00
Percentage difference between market reference rate 655.96 and exchange rate charged 655.96
0.00
1.431.43
2.002.86
Small World
Firm type: Money Transfer Operator
Payment instrument
Access point
Internet
Sending network coverage
High
Receiving method
Agent
High
2.994.27
0.00
Percentage difference between market reference rate 655.96 and exchange rate charged 655.96
0.00
2.142.14
3.004.29
MoneyGram
Firm type: Money Transfer Operator
Payment instrument
Access point
Internet
Sending network coverage
High
Receiving method
Agent
High
2.994.27
0.00
Percentage difference between market reference rate 655.96 and exchange rate charged 655.96
0.00
2.142.14
3.004.29
Ria
Firm type: Money Transfer Operator
Payment instrument
Access point
Agent
Sending network coverage
Medium
Receiving method
Agent
Medium
3.505.00
0.00
Percentage difference between market reference rate 655.96 and exchange rate charged 655.96
0.00
2.502.50
3.505.00
Extrabanca
Firm type: Money Transfer Operator
Payment instrument
Access point
Bank branch
Sending network coverage
Low
Receiving method
Agent
Medium
4.005.71
0.00
Percentage difference between market reference rate 655.96 and exchange rate charged 655.96
0.00
2.862.86
4.005.71
Extrabanca
Firm type: Money Transfer Operator
Payment instrument
Access point
Bank branch
Sending network coverage
Low
Receiving method
Agent
Medium
5.007.14
0.00
Percentage difference between market reference rate 655.96 and exchange rate charged 655.96
0.00
3.573.57
5.007.14
Remitly
Firm type: Money Transfer Operator
Payment instrument
Access point
Internet
Sending network coverage
High
Receiving method
Agent
Low
5.998.56
0.00
Percentage difference between market reference rate 655.96 and exchange rate charged 655.96
0.00
4.284.28
5.998.56
WorldRemit
Firm type: Money Transfer Operator
Payment instrument
Access point
Internet
Sending network coverage
High
Receiving method
Agent
High
6.999.99
0.00
Percentage difference between market reference rate 655.96 and exchange rate charged 655.96
0.00
4.994.99
6.999.99
MoneyGram
Firm type: Money Transfer Operator
Payment instrument
Access point
Agent
Sending network coverage
High
Receiving method
Agent
High
7.4010.57
0.00
Percentage difference between market reference rate 655.96 and exchange rate charged 655.96
0.00
5.295.29
7.4110.59
Poste Italiane via MoneyGram
Firm type: Money Transfer Operator
Payment instrument
Access point
Post Office branch
Sending network coverage
High
Receiving method
Agent
High
7.4010.57
0.00
Percentage difference between market reference rate 655.96 and exchange rate charged 655.96
0.00
5.295.29
7.4110.59
Western Union
Firm type: Money Transfer Operator
Payment instrument
Access point
Agent
Sending network coverage
High
Receiving method
Agent
High
7.5010.71
0.00
Percentage difference between market reference rate 655.96 and exchange rate charged 655.96
0.00
5.365.36
7.5010.71
Banca Intesa SanPaolo via Western Union
Firm type: Bank / Money Transfer Operator
Payment instrument
Access point
Internet
Sending network coverage
High
Receiving method
Agent
High
7.5010.71
0.00
Percentage difference between market reference rate 655.96 and exchange rate charged 655.96
0.00
5.365.36
7.5010.71
Unicredit Banca
Firm type: Bank
Payment instrument
Access point
Bank branch, Call Center
Sending network coverage
High
Receiving method
Medium
9.2013.14
0.00
Percentage difference between market reference rate 1.00 and exchange rate charged 1.00
0.00
6.576.57
9.2013.14
Poste Italiane via Eurogiro
Firm type: Post office
Payment instrument
Access point
Post Office branch
Sending network coverage
High
Receiving method
Agent
High
12.0017.14
0.00
Percentage difference between market reference rate 1.00 and exchange rate charged 1.00
0.00
8.578.57
12.0017.14
Unicredit Banca
Firm type: Bank
Payment instrument
Access point
Bank branch
Sending network coverage
High
Receiving method
Medium
12.5017.86
0.00
Percentage difference between market reference rate 1.00 and exchange rate charged 1.00
0.00
8.938.93
12.5017.86
Banca Monte dei Paschi di Siena
Firm type: Bank
Payment instrument
Access point
Bank branch, Call Center
Sending network coverage
High
Receiving method
Medium
21.0030.00
0.00
Percentage difference between market reference rate 1.00 and exchange rate charged 1.00
0.00
15.0015.00
21.0030.00
Total Average Fourth Quarter 2020
4.834.83
Total Average Third Quarter 2020
4.794.79
Total Average
Fee
6.769.66
Exchange Rate Margin (%)
0.000.00
Total Cost Percent (%)
4.834.83
Total Cost (EUR) Total Cost (USD)
6.779.67
Non-Transparent records
Bank account transfer Debit/credit card Cash
Less than one hour Next day 2 days 3-5 days
Bank account Cash Mobile wallet
Payment instrument
Access point
Sending network coverage
Receiving method
Western Union
Firm type: Money Transfer Operator
Payment instrument
Access point
Internet
Sending network coverage
High
Receiving method
Agent
High
1.902.75
0.00
Percentage difference between market reference rate 655.96 and exchange rate charged 655.96
0.00
0.550.55
1.902.75
TapTap Send
Firm type: Money Transfer Operator
Payment instrument
Access point
Internet
Sending network coverage
High
Receiving method
Agent
High
2.002.90
0.00
Percentage difference between market reference rate 655.96 and exchange rate charged 655.96
0.00
0.580.58
2.002.90
Poste Italiane via Western Union
Firm type: Bank
Payment instrument
Access point
Internet
Sending network coverage
High
Receiving method
Agent
High
2.904.20
0.00
Percentage difference between market reference rate 655.96 and exchange rate charged 655.96
0.00
0.840.84
2.904.20
MoneyGram
Firm type: Money Transfer Operator
Payment instrument
Access point
Internet
Sending network coverage
High
Receiving method
Agent
High
2.994.33
0.00
Percentage difference between market reference rate 655.96 and exchange rate charged 655.96
0.00
0.870.87
3.004.35
Small World
Firm type: Money Transfer Operator
Payment instrument
Access point
Internet
Sending network coverage
High
Receiving method
Agent
High
3.995.78
0.00
Percentage difference between market reference rate 655.96 and exchange rate charged 655.96
0.00
1.161.16
4.005.80
Extrabanca
Firm type: Money Transfer Operator
Payment instrument
Access point
Bank branch
Sending network coverage
Low
Receiving method
Agent
Medium
4.005.80
0.00
Percentage difference between market reference rate 655.96 and exchange rate charged 655.96
0.00
1.161.16
4.005.80
Extrabanca
Firm type: Money Transfer Operator
Payment instrument
Access point
Bank branch
Sending network coverage
Low
Receiving method
Agent
Medium
5.007.25
0.00
Percentage difference between market reference rate 655.96 and exchange rate charged 655.96
0.00
1.451.45
5.007.25
Unicredit Banca
Firm type: Bank
Payment instrument
Access point
Bank branch, Call Center
Sending network coverage
High
Receiving method
Medium
9.2013.33
0.00
Percentage difference between market reference rate 1.00 and exchange rate charged 1.00
0.00
2.672.67
9.2113.35
Ria
Firm type: Money Transfer Operator
Payment instrument
Access point
Agent
Sending network coverage
Medium
Receiving method
Agent
Medium
9.3213.51
0.00
Percentage difference between market reference rate 655.96 and exchange rate charged 655.96
0.00
2.702.70
9.3213.51
WorldRemit
Firm type: Money Transfer Operator
Payment instrument
Access point
Internet
Sending network coverage
High
Receiving method
Agent
High
9.9914.48
0.00
Percentage difference between market reference rate 655.96 and exchange rate charged 655.96
0.00
2.902.90
10.0114.51
Poste Italiane via Eurogiro
Firm type: Post office
Payment instrument
Access point
Post Office branch
Sending network coverage
High
Receiving method
Agent
High
12.0017.39
0.00
Percentage difference between market reference rate 1.00 and exchange rate charged 1.00
0.00
3.483.48
12.0117.41
Unicredit Banca
Firm type: Bank
Payment instrument
Access point
Bank branch
Sending network coverage
High
Receiving method
Medium
12.5018.12
0.00
Percentage difference between market reference rate 1.00 and exchange rate charged 1.00
0.00
3.623.62
12.4918.10
MoneyGram
Firm type: Money Transfer Operator
Payment instrument
Access point
Agent
Sending network coverage
High
Receiving method
Agent
High
12.8018.55
0.00
Percentage difference between market reference rate 655.96 and exchange rate charged 655.96
0.00
3.713.71
12.8018.55
Poste Italiane via MoneyGram
Firm type: Money Transfer Operator
Payment instrument
Access point
Post Office branch
Sending network coverage
High
Receiving method
Agent
High
12.8018.55
0.00
Percentage difference between market reference rate 655.96 and exchange rate charged 655.96
0.00
3.713.71
12.8018.55
Western Union
Firm type: Money Transfer Operator
Payment instrument
Access point
Agent
Sending network coverage
High
Receiving method
Agent
High
13.0018.84
0.00
Percentage difference between market reference rate 655.96 and exchange rate charged 655.96
0.00
3.773.77
13.0118.86
Banca Intesa SanPaolo via Western Union
Firm type: Bank / Money Transfer Operator
Payment instrument
Access point
Internet
Sending network coverage
High
Receiving method
Agent
High
13.0018.84
0.00
Percentage difference between market reference rate 655.96 and exchange rate charged 655.96
0.00
3.773.77
13.0118.86
Remitly
Firm type: Money Transfer Operator
Payment instrument
Access point
Internet
Sending network coverage
High
Receiving method
Agent
Low
12.9918.83
0.00
Percentage difference between market reference rate 655.96 and exchange rate charged 655.96
0.00
3.773.77
13.0118.86
Banca Monte dei Paschi di Siena
Firm type: Bank
Payment instrument
Access point
Bank branch, Call Center
Sending network coverage
High
Receiving method
Medium
21.0030.43
0.00
Percentage difference between market reference rate 1.00 and exchange rate charged 1.00
0.00
6.096.09
21.0130.45
Total Average Fourth Quarter 2020
2.602.60
Total Average Third Quarter 2020
2.632.63
Total Average
Fee
8.9712.99
Exchange Rate Margin (%)
0.000.00
Total Cost Percent (%)
2.602.60
Total Cost (EUR) Total Cost (USD)
8.9713.00
Non-Transparent records
Bank account transfer Debit/credit card Cash
Less than one hour Next day 2 days 3-5 days
Bank account Cash Mobile wallet
Least Costly Corridors To Senegal