Remittance Prices Worldwide

MAKING MARKETS MORE TRANSPARENT

From KEKenya you can also send money to

Sending money from KENYA to UGANDA

Data collected on: Oct 28, 2020
KES | 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 (KES)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.
ChipperCash
Firm type: Money Transfer Operator
Payment instrument
Access point
Internet
Sending network coverage
High
Receiving method
High
0.000.00
-1.99
Percentage difference between market reference rate 34.27 and exchange rate charged 34.95
-1.99
-1.99-1.99
-358.20-3.98
UBA Africash
Firm type: Bank
Payment instrument
Access point
Bank branch
Sending network coverage
Low
Receiving method
Bank branch
Medium
514.505.72
0.88
Percentage difference between market reference rate 0.01 and exchange rate charged 0.01
0.88
3.743.74
673.207.48
M-Pesa
Firm type: Money Transfer Operator
Payment instrument
Access point
Mobile phone
Sending network coverage
High
Receiving method
Agent
High
100.001.11
3.63
Percentage difference between market reference rate 34.27 and exchange rate charged 33.02
3.63
4.194.19
754.208.38
MoneyGram
Firm type: Money Transfer Operator
Payment instrument
Access point
Agent
Sending network coverage
High
Receiving method
Agent
High
350.003.89
4.13
Percentage difference between market reference rate 34.27 and exchange rate charged 32.85
4.13
6.086.08
1,094.4012.16
Western Union
Firm type: Money Transfer Operator
Payment instrument
Access point
Agent
Sending network coverage
High
Receiving method
Agent
High
1,320.0014.67
-0.16
Percentage difference between market reference rate 0.01 and exchange rate charged 0.01
-0.16
7.177.17
1,290.6014.34
Posta Kenya
Firm type: Post office
Payment instrument
Access point
Post Office branch
Sending network coverage
High
Receiving method
Agent
High
1,740.0019.33
0.39
Percentage difference between market reference rate 0.01 and exchange rate charged 0.01
0.39
10.0610.06
1,810.8020.12
EcoBank Rapid Transfer
Firm type: Money Transfer Operator
Payment instrument
Access point
Bank branch, Internet
Sending network coverage
High
Receiving method
Bank branch
Medium
1,750.0019.44
0.43
Percentage difference between market reference rate 0.01 and exchange rate charged 0.01
0.43
10.1510.15
1,827.0020.30
Spire Bank
Firm type: Bank
Payment instrument
Access point
Bank branch, Call Center, Internet
Sending network coverage
High
Receiving method
High
1,650.0018.33
1.70
Percentage difference between market reference rate 0.01 and exchange rate charged 0.01
1.70
10.8610.86
1,954.8021.72
ABC Bank
Firm type: Money Transfer Operator
Payment instrument
Access point
Bank branch, Call Center, Internet
Sending network coverage
High
Receiving method
High
1,650.0018.33
1.69
Percentage difference between market reference rate 0.01 and exchange rate charged 0.01
1.69
10.8610.86
1,954.8021.72
Dahabshiil
Firm type: Money Transfer Operator
Payment instrument
Access point
Agent
Sending network coverage
High
Receiving method
Agent
Low
1,257.0013.97
4.09
Percentage difference between market reference rate 0.01 and exchange rate charged 0.01
4.09
11.0711.07
1,992.6022.14
United Bank for Africa (UBA)
Firm type: Bank
Payment instrument
Access point
Bank branch, Call Center, Internet
Sending network coverage
High
Receiving method
High
1,650.0018.33
2.04
Percentage difference between market reference rate 0.01 and exchange rate charged 0.01
2.04
11.2111.21
2,017.8022.42
Citibank
Firm type: Bank
Payment instrument
Access point
Bank branch, Call Center, Internet
Sending network coverage
High
Receiving method
High
1,800.0020.00
2.45
Percentage difference between market reference rate 0.01 and exchange rate charged 0.01
2.45
12.4512.45
2,241.0024.90
KCB Bank
Firm type: Bank
Payment instrument
Access point
Bank branch, Call Center, Internet
Sending network coverage
High
Receiving method
High
2,200.0024.44
0.60
Percentage difference between market reference rate 0.01 and exchange rate charged 0.01
0.60
12.8212.82
2,307.6025.64
GT Bank
Firm type: Bank
Payment instrument
Access point
Bank branch, Call Center, Internet
Sending network coverage
High
Receiving method
High
1,650.0018.33
4.69
Percentage difference between market reference rate 0.01 and exchange rate charged 0.01
4.69
13.8613.86
2,494.8027.72
Development Bank of Kenya
Firm type: Bank
Payment instrument
Access point
Bank branch, Call Center, Internet
Sending network coverage
High
Receiving method
High
2,053.0022.81
2.95
Percentage difference between market reference rate 0.01 and exchange rate charged 0.01
2.95
14.3514.35
2,583.0028.70
Ecobank
Firm type: Bank
Payment instrument
Access point
Bank branch
Sending network coverage
Low
Receiving method
Bank branch
Low
2,700.0030.00
0.97
Percentage difference between market reference rate 0.01 and exchange rate charged 0.01
0.97
15.9715.97
2,874.6031.94
Total Average Fourth Quarter 2020
9.559.55
Total Average Third Quarter 2020
9.379.37
Total Average
Fee
1,399.0315.54
Exchange Rate Margin (%)
1.781.78
Total Cost Percent (%)
9.559.55
Total Cost (KES) Total Cost (USD)
1,719.5619.11
Non-Transparent records
Bank account transfer Debit/credit card Mobile money Cash
Less than one hour Same day Next day 2 days
Bank account Cash Mobile wallet
Payment instrument
Access point
Sending network coverage
Receiving method
ChipperCash
Firm type: Money Transfer Operator
Payment instrument
Access point
Internet
Sending network coverage
High
Receiving method
High
0.000.00
-1.99
Percentage difference between market reference rate 34.27 and exchange rate charged 34.95
-1.99
-1.99-1.99
-895.50-9.95
UBA Africash
Firm type: Bank
Payment instrument
Access point
Bank branch
Sending network coverage
Low
Receiving method
Bank branch
Medium
834.839.28
0.88
Percentage difference between market reference rate 0.01 and exchange rate charged 0.01
0.88
2.742.74
1,233.0013.70
M-Pesa
Firm type: Money Transfer Operator
Payment instrument
Access point
Mobile phone
Sending network coverage
High
Receiving method
Agent
High
110.001.22
3.63
Percentage difference between market reference rate 34.27 and exchange rate charged 33.02
3.63
3.873.87
1,741.5019.35
EcoBank Rapid Transfer
Firm type: Money Transfer Operator
Payment instrument
Access point
Bank branch, Internet
Sending network coverage
High
Receiving method
Bank branch
Medium
2,150.0023.89
0.43
Percentage difference between market reference rate 0.01 and exchange rate charged 0.01
0.43
5.215.21
2,344.5026.05
Spire Bank
Firm type: Bank
Payment instrument
Access point
Bank branch, Call Center, Internet
Sending network coverage
High
Receiving method
High
1,650.0018.33
1.70
Percentage difference between market reference rate 0.01 and exchange rate charged 0.01
1.70
5.365.36
2,412.0026.80
ABC Bank
Firm type: Money Transfer Operator
Payment instrument
Access point
Bank branch, Call Center, Internet
Sending network coverage
High
Receiving method
High
1,650.0018.33
1.69
Percentage difference between market reference rate 0.01 and exchange rate charged 0.01
1.69
5.365.36
2,412.0026.80
MoneyGram
Firm type: Money Transfer Operator
Payment instrument
Access point
Agent
Sending network coverage
High
Receiving method
Agent
High
550.006.11
4.13
Percentage difference between market reference rate 34.27 and exchange rate charged 32.85
4.13
5.365.36
2,412.0026.80
KCB Bank
Firm type: Bank
Payment instrument
Access point
Bank branch, Call Center, Internet
Sending network coverage
High
Receiving method
High
2,200.0024.44
0.60
Percentage difference between market reference rate 0.01 and exchange rate charged 0.01
0.60
5.495.49
2,470.5027.45
United Bank for Africa (UBA)
Firm type: Bank
Payment instrument
Access point
Bank branch, Call Center, Internet
Sending network coverage
High
Receiving method
High
1,650.0018.33
2.04
Percentage difference between market reference rate 0.01 and exchange rate charged 0.01
2.04
5.715.71
2,569.5028.55
Western Union
Firm type: Money Transfer Operator
Payment instrument
Access point
Agent
Sending network coverage
High
Receiving method
Agent
High
2,640.0029.33
-0.16
Percentage difference between market reference rate 0.01 and exchange rate charged 0.01
-0.16
5.715.71
2,569.5028.55
Citibank
Firm type: Bank
Payment instrument
Access point
Bank branch, Call Center, Internet
Sending network coverage
High
Receiving method
High
1,800.0020.00
2.45
Percentage difference between market reference rate 0.01 and exchange rate charged 0.01
2.45
6.456.45
2,902.5032.25
Posta Kenya
Firm type: Post office
Payment instrument
Access point
Post Office branch
Sending network coverage
High
Receiving method
Agent
High
2,900.0032.22
0.39
Percentage difference between market reference rate 0.01 and exchange rate charged 0.01
0.39
6.846.84
3,078.0034.20
Ecobank
Firm type: Bank
Payment instrument
Access point
Bank branch
Sending network coverage
Low
Receiving method
Bank branch
Low
2,700.0030.00
0.97
Percentage difference between market reference rate 0.01 and exchange rate charged 0.01
0.97
6.976.97
3,136.5034.85
Development Bank of Kenya
Firm type: Bank
Payment instrument
Access point
Bank branch, Call Center, Internet
Sending network coverage
High
Receiving method
High
2,133.0023.70
2.95
Percentage difference between market reference rate 0.01 and exchange rate charged 0.01
2.95
7.697.69
3,460.5038.45
GT Bank
Firm type: Bank
Payment instrument
Access point
Bank branch, Call Center, Internet
Sending network coverage
High
Receiving method
High
1,650.0018.33
4.69
Percentage difference between market reference rate 0.01 and exchange rate charged 0.01
4.69
8.368.36
3,762.0041.80
Dahabshiil
Firm type: Money Transfer Operator
Payment instrument
Access point
Agent
Sending network coverage
High
Receiving method
Agent
Low
3,143.0034.92
4.09
Percentage difference between market reference rate 0.01 and exchange rate charged 0.01
4.09
11.0711.07
4,981.5055.35
Total Average Fourth Quarter 2020
5.645.64
Total Average Third Quarter 2020
5.465.46
Total Average
Fee
1,735.0519.28
Exchange Rate Margin (%)
1.781.78
Total Cost Percent (%)
5.645.64
Total Cost (KES) Total Cost (USD)
2,536.8828.19
Non-Transparent records
Bank account transfer Debit/credit card Mobile money Cash
Less than one hour Same day Next day 2 days
Bank account Cash Mobile wallet