Remittance Prices Worldwide

MAKING MARKETS MORE TRANSPARENT

From NLNetherlands you can also send money to

Sending money from NETHERLANDS to INDONESIA

Data collected on: Oct 29, 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)Total cost (USD)
The total cost of sending a remittance transfer includes: the fee charged to the sender plus the exchange rate margin.
MoneyGram
Firm type: Money Transfer Operator
Payment instrument
Access point
Internet
Sending network coverage
High
Receiving method
Agent
High
2.994.27
7.26
Percentage difference between market reference rate 17,188.90 and exchange rate charged 15,941.56
7.26
9.399.39
13.1518.79
Rabobank
Firm type: Money Transfer Operator
Payment instrument
Access point
Bank branch, Call Center
Sending network coverage
High
Receiving method
Medium
7.0010.00
0.00
Percentage difference between market reference rate 1.00 and exchange rate charged 1.00
0.00
5.005.00
7.0010.00
Remitly
Firm type: Money Transfer Operator
Payment instrument
Access point
Internet
Sending network coverage
High
Receiving method
Agent
High
3.995.70
2.47
Percentage difference between market reference rate 17,188.90 and exchange rate charged 16,764.82
2.47
5.325.32
7.4510.64
Ria
Firm type: Money Transfer Operator
Payment instrument
Access point
Agent
Sending network coverage
Low
Receiving method
Agent
High
12.0017.14
2.75
Percentage difference between market reference rate 17,188.90 and exchange rate charged 16,715.39
2.75
11.3311.33
15.8622.66
Suri-Change
Firm type: Money Transfer Operator
Payment instrument
Access point
Internet
Sending network coverage
High
Receiving method
Agent
Low
5.007.14
2.95
Percentage difference between market reference rate 17,188.90 and exchange rate charged 16,681.00
2.95
6.536.53
9.1413.06
Transferwise
Firm type: Money Transfer Operator
Payment instrument
Access point
Internet
Sending network coverage
High
Receiving method
Medium
1.972.81
-0.19
Percentage difference between market reference rate 17,188.90 and exchange rate charged 17,221.70
-0.19
1.221.22
1.712.44
Western Union
Firm type: Money Transfer Operator
Payment instrument
Access point
Agent
Sending network coverage
High
Receiving method
Agent
High
12.0017.14
5.43
Percentage difference between market reference rate 17,188.90 and exchange rate charged 16,255.15
5.43
14.0014.00
19.6028.00
Western Union
Firm type: Money Transfer Operator
Payment instrument
Access point
Internet
Sending network coverage
High
Receiving method
Agent
High
3.905.57
5.43
Percentage difference between market reference rate 17,188.90 and exchange rate charged 16,255.15
5.43
8.228.22
11.5116.44
WorldRemit
Firm type: Money Transfer Operator
Payment instrument
Access point
Internet
Sending network coverage
High
Receiving method
Agent
High
5.998.56
2.95
Percentage difference between market reference rate 17,188.90 and exchange rate charged 16,682.19
2.95
7.237.23
10.1214.46
MoneyGram
Firm type: Money Transfer Operator
Payment instrument
Access point
Agent
Sending network coverage
High
Receiving method
Agent
High
9.0012.86
7.26
Percentage difference between market reference rate 17,188.90 and exchange rate charged 15,941.56
7.26
13.6913.69
19.1727.39
This RSP is not transparent: the exchange rate applied to the transaction was not disclosed. The 0% in the exchange rate margin does NOT necessarily mean that there is no exchange rate cost, but rather that this cost is not disclosed to the sender at the time of sending.
ING Bank/Postbank
Firm type: Bank
Payment instrument
Access point
Bank branch, Call Center
Sending network coverage
High
Receiving method
Medium
6.008.57
0.00
Percentage difference between market reference rate 1.00 and exchange rate charged 1.00
0.00
4.294.29
6.018.59
Total Average Fourth Quarter 2020
7.847.84
Total Average Third Quarter 2020
7.847.84
Total Average
Fee
6.359.07
Exchange Rate Margin (%)
3.303.30
Total Cost Percent (%)
7.847.84
Total Cost (EUR) Total Cost (USD)
10.9715.68
Non-Transparent records
Bank account transfer Debit/credit card Cash
Less than one hour Same day Next day 3-5 days 6 days or more
Bank account Cash Mobile wallet
Payment instrument
Access point
Sending network coverage
Receiving method
MoneyGram
Firm type: Money Transfer Operator
Payment instrument
Access point
Internet
Sending network coverage
High
Receiving method
Agent
High
2.994.33
7.26
Percentage difference between market reference rate 17,188.90 and exchange rate charged 15,941.56
7.26
8.128.12
28.0140.59
Transferwise
Firm type: Money Transfer Operator
Payment instrument
Access point
Internet
Sending network coverage
High
Receiving method
Medium
3.545.13
-0.19
Percentage difference between market reference rate 17,188.90 and exchange rate charged 17,221.70
-0.19
0.840.84
2.904.20
Western Union
Firm type: Money Transfer Operator
Payment instrument
Access point
Internet
Sending network coverage
High
Receiving method
Agent
High
3.905.65
5.43
Percentage difference between market reference rate 17,188.90 and exchange rate charged 16,255.15
5.43
6.566.56
22.6332.80
Remitly
Firm type: Money Transfer Operator
Payment instrument
Access point
Internet
Sending network coverage
High
Receiving method
Agent
High
3.995.78
2.47
Percentage difference between market reference rate 17,188.90 and exchange rate charged 16,764.82
2.47
3.623.62
12.4918.10
Suri-Change
Firm type: Money Transfer Operator
Payment instrument
Access point
Internet
Sending network coverage
High
Receiving method
Agent
Low
5.007.25
2.95
Percentage difference between market reference rate 17,188.90 and exchange rate charged 16,681.00
2.95
4.404.40
15.1822.00
Rabobank
Firm type: Money Transfer Operator
Payment instrument
Access point
Bank branch, Call Center
Sending network coverage
High
Receiving method
Medium
7.0010.14
0.00
Percentage difference between market reference rate 1.00 and exchange rate charged 1.00
0.00
2.032.03
7.0010.14
WorldRemit
Firm type: Money Transfer Operator
Payment instrument
Access point
Internet
Sending network coverage
High
Receiving method
Agent
High
12.9918.83
2.95
Percentage difference between market reference rate 17,188.90 and exchange rate charged 16,682.19
2.95
6.716.71
23.1533.55
MoneyGram
Firm type: Money Transfer Operator
Payment instrument
Access point
Agent
Sending network coverage
High
Receiving method
Agent
High
15.0021.74
7.26
Percentage difference between market reference rate 17,188.90 and exchange rate charged 15,941.56
7.26
11.6011.60
40.0258.00
Western Union
Firm type: Money Transfer Operator
Payment instrument
Access point
Agent
Sending network coverage
High
Receiving method
Agent
High
17.0024.64
5.43
Percentage difference between market reference rate 17,188.90 and exchange rate charged 16,255.15
5.43
10.3610.36
35.7451.80
Ria
Firm type: Money Transfer Operator
Payment instrument
Access point
Agent
Sending network coverage
Low
Receiving method
Agent
High
21.0030.43
2.75
Percentage difference between market reference rate 17,188.90 and exchange rate charged 16,715.39
2.75
8.848.84
30.5044.20
This RSP is not transparent: the exchange rate applied to the transaction was not disclosed. The 0% in the exchange rate margin does NOT necessarily mean that there is no exchange rate cost, but rather that this cost is not disclosed to the sender at the time of sending.
ING Bank/Postbank
Firm type: Bank
Payment instrument
Access point
Bank branch, Call Center
Sending network coverage
High
Receiving method
Medium
6.008.70
0.00
Percentage difference between market reference rate 1.00 and exchange rate charged 1.00
0.00
1.741.74
6.008.70
Total Average Fourth Quarter 2020
5.895.89
Total Average Third Quarter 2020
5.865.86
Total Average
Fee
8.9512.97
Exchange Rate Margin (%)
3.303.30
Total Cost Percent (%)
5.895.89
Total Cost (EUR) Total Cost (USD)
20.3329.46
Non-Transparent records
Bank account transfer Debit/credit card Cash
Less than one hour Same day Next day 3-5 days 6 days or more
Bank account Cash Mobile wallet