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Transfer money

Sending money from NETHERLANDS to NIGERIA

Data collected on: Nov 01, 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
Medium
Fee
1.502.14
Exchange rate margin (%)
1.99
Percentage difference between market reference rate 404.27 and exchange rate charged 396.231.99
Total cost (%)sort descending
3.063.06
Total cost (EUR)Total cost (USD)
4.286.11
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
1.992.84
Exchange rate margin (%)
2.45
Percentage difference between market reference rate 404.27 and exchange rate charged 394.382.45
Total cost (%)sort descending
3.873.87
Total cost (EUR)Total cost (USD)
5.427.74
Firm
Ria
Firm type: Money Transfer Operator
 
Payment instrument
Access point
Agent
Sending network coverage
Low
Transfer speed
Receiving method
Agent
Disbursing network coverage
High
Fee
3.004.29
Exchange rate margin (%)
2.43
Percentage difference between market reference rate 404.27 and exchange rate charged 394.432.43
Total cost (%)sort descending
4.584.58
Total cost (EUR)Total cost (USD)
6.419.16
Firm
Remitly
Firm type: Money Transfer Operator
 
Payment instrument
Access point
Internet
Sending network coverage
High
Transfer speed
Receiving method
Disbursing network coverage
Medium
Fee
2.994.27
Exchange rate margin (%)
3.69
Percentage difference between market reference rate 404.27 and exchange rate charged 389.333.69
Total cost (%)sort descending
5.835.83
Total cost (EUR)Total cost (USD)
8.1611.66
Firm
Xpress Money
Firm type: Money Transfer Operator
 
Payment instrument
Access point
Agent
Sending network coverage
High
Transfer speed
Receiving method
Agent
Disbursing network coverage
High
Fee
5.007.14
Exchange rate margin (%)
2.95
Percentage difference between market reference rate 404.27 and exchange rate charged 392.342.95
Total cost (%)sort descending
6.526.52
Total cost (EUR)Total cost (USD)
9.1313.04
Firm
WorldRemit
Firm type: Money Transfer Operator
 
Payment instrument
Access point
Internet
Sending network coverage
High
Transfer speed
Receiving method
Agent
Disbursing network coverage
Medium
Fee
4.997.13
Exchange rate margin (%)
4.13
Percentage difference between market reference rate 404.27 and exchange rate charged 387.584.13
Total cost (%)sort descending
7.697.69
Total cost (EUR)Total cost (USD)
10.7715.39
Firm
WorldRemit
Firm type: Money Transfer Operator
 
Payment instrument
Access point
Internet
Sending network coverage
High
Transfer speed
Receiving method
Disbursing network coverage
Medium
Fee
5.998.56
Exchange rate margin (%)
4.13
Percentage difference between market reference rate 404.27 and exchange rate charged 387.584.13
Total cost (%)sort descending
8.418.41
Total cost (EUR)Total cost (USD)
11.7716.81
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
9.0012.86
Exchange rate margin (%)
2.45
Percentage difference between market reference rate 404.27 and exchange rate charged 394.382.45
Total cost (%)sort descending
8.888.88
Total cost (EUR)Total cost (USD)
12.4317.76
Firm
MoneyTrans
Firm type: Money Transfer Operator / Post office
 
Payment instrument
Access point
Agent
Sending network coverage
Medium
Transfer speed
Receiving method
Disbursing network coverage
Medium
Fee
8.0011.43
Exchange rate margin (%)
3.86
Percentage difference between market reference rate 404.27 and exchange rate charged 388.653.86
Total cost (%)sort descending
9.589.58
Total cost (EUR)Total cost (USD)
13.4119.16
Firm
Western Union
Firm type: Money Transfer Operator
 
Payment instrument
Access point
Agent, Call Center
Sending network coverage
High
Transfer speed
Receiving method
Agent
Disbursing network coverage
High
Fee
4.907.00
Exchange rate margin (%)
6.99
Percentage difference between market reference rate 404.27 and exchange rate charged 376.006.99
Total cost (%)sort descending
10.4910.49
Total cost (EUR)Total cost (USD)
14.6920.99
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
4.907.00
Exchange rate margin (%)
6.99
Percentage difference between market reference rate 404.27 and exchange rate charged 376.006.99
Total cost (%)sort descending
10.4910.49
Total cost (EUR)Total cost (USD)
14.6920.99
Firm
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
Transfer speed
Receiving method
Disbursing network coverage
Medium
Fee
6.008.57
Exchange rate margin (%)
0.00
Percentage difference between market reference rate 1.00 and exchange rate charged 1.000.00
Total cost (%)sort descending
4.294.29
Total cost (EUR)Total cost (USD)
6.018.59
Firm
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.
ABN AMRO Bank
Firm type: Bank
 
Payment instrument
Access point
Bank branch, Call Center
Sending network coverage
High
Transfer speed
Receiving method
Disbursing network coverage
Medium
Fee
9.0012.86
Exchange rate margin (%)
0.00
Percentage difference between market reference rate 1.00 and exchange rate charged 1.000.00
Total cost (%)sort descending
6.436.43
Total cost (EUR)Total cost (USD)
9.0012.86
Total Average Fourth Quarter 2019
6.936.93
Total Average Third Quarter 2019
6.486.48
Total Average
Fee
5.177.39
Exchange Rate Margin (%)
3.243.24
Total Cost Percent (%)
6.936.93
Total Cost (EUR) Total Cost (USD)
9.7113.86
Non-Transparent records
Bank account transfer Debit/credit card Cash
Less than one hour Same day Next day 3-5 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
Transferwise
Firm type: Money Transfer Operator
 
Payment instrument
Access point
Internet
Sending network coverage
High
Transfer speed
Receiving method
Disbursing network coverage
Medium
Fee
2.663.86
Exchange rate margin (%)
1.99
Percentage difference between market reference rate 404.27 and exchange rate charged 396.231.99
Total cost (%)
2.762.76
Total cost (EUR)Total cost (USD)
9.5213.80
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
1.992.88
Exchange rate margin (%)
2.45
Percentage difference between market reference rate 404.27 and exchange rate charged 394.382.45
Total cost (%)
3.023.02
Total cost (EUR)Total cost (USD)
10.4215.10
Firm
Ria
Firm type: Money Transfer Operator
 
Payment instrument
Access point
Agent
Sending network coverage
Low
Transfer speed
Receiving method
Agent
Disbursing network coverage
High
Fee
3.004.35
Exchange rate margin (%)
2.43
Percentage difference between market reference rate 404.27 and exchange rate charged 394.432.43
Total cost (%)
3.303.30
Total cost (EUR)Total cost (USD)
11.3916.51
Firm
Remitly
Firm type: Money Transfer Operator
 
Payment instrument
Access point
Internet
Sending network coverage
High
Transfer speed
Receiving method
Disbursing network coverage
Medium
Fee
2.994.33
Exchange rate margin (%)
3.69
Percentage difference between market reference rate 404.27 and exchange rate charged 389.333.69
Total cost (%)
4.564.56
Total cost (EUR)Total cost (USD)
15.7322.80
Firm
Xpress Money
Firm type: Money Transfer Operator
 
Payment instrument
Access point
Agent
Sending network coverage
High
Transfer speed
Receiving method
Agent
Disbursing network coverage
High
Fee
6.008.70
Exchange rate margin (%)
2.95
Percentage difference between market reference rate 404.27 and exchange rate charged 392.342.95
Total cost (%)
4.694.69
Total cost (EUR)Total cost (USD)
16.1823.45
Firm
WorldRemit
Firm type: Money Transfer Operator
 
Payment instrument
Access point
Internet
Sending network coverage
High
Transfer speed
Receiving method
Agent
Disbursing network coverage
Medium
Fee
4.997.23
Exchange rate margin (%)
4.13
Percentage difference between market reference rate 404.27 and exchange rate charged 387.584.13
Total cost (%)
5.575.57
Total cost (EUR)Total cost (USD)
19.2227.86
Firm
WorldRemit
Firm type: Money Transfer Operator
 
Payment instrument
Access point
Internet
Sending network coverage
High
Transfer speed
Receiving method
Disbursing network coverage
Medium
Fee
12.9918.83
Exchange rate margin (%)
4.13
Percentage difference between market reference rate 404.27 and exchange rate charged 387.584.13
Total cost (%)
7.897.89
Total cost (EUR)Total cost (USD)
27.2239.45
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 (%)
2.45
Percentage difference between market reference rate 404.27 and exchange rate charged 394.382.45
Total cost (%)
6.796.79
Total cost (EUR)Total cost (USD)
23.4333.96
Firm
MoneyTrans
Firm type: Money Transfer Operator / Post office
 
Payment instrument
Access point
Agent
Sending network coverage
Medium
Transfer speed
Receiving method
Disbursing network coverage
Medium
Fee
10.0014.49
Exchange rate margin (%)
3.86
Percentage difference between market reference rate 404.27 and exchange rate charged 388.653.86
Total cost (%)
6.766.76
Total cost (EUR)Total cost (USD)
23.3233.80
Firm
Western Union
Firm type: Money Transfer Operator
 
Payment instrument
Access point
Agent, Call Center
Sending network coverage
High
Transfer speed
Receiving method
Agent
Disbursing network coverage
High
Fee
6.9010.00
Exchange rate margin (%)
6.99
Percentage difference between market reference rate 404.27 and exchange rate charged 376.006.99
Total cost (%)
8.998.99
Total cost (EUR)Total cost (USD)
31.0244.96
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
6.9010.00
Exchange rate margin (%)
6.99
Percentage difference between market reference rate 404.27 and exchange rate charged 376.006.99
Total cost (%)
8.998.99
Total cost (EUR)Total cost (USD)
31.0244.96
Firm
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
Transfer speed
Receiving method
Disbursing network coverage
Medium
Fee
6.008.70
Exchange rate margin (%)
0.00
Percentage difference between market reference rate 1.00 and exchange rate charged 1.000.00
Total cost (%)
1.741.74
Total cost (EUR)Total cost (USD)
6.008.70
Firm
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.
ABN AMRO Bank
Firm type: Bank
 
Payment instrument
Access point
Bank branch, Call Center
Sending network coverage
High
Transfer speed
Receiving method
Disbursing network coverage
Medium
Fee
9.0013.04
Exchange rate margin (%)
0.00
Percentage difference between market reference rate 1.00 and exchange rate charged 1.000.00
Total cost (%)
2.612.61
Total cost (EUR)Total cost (USD)
9.0013.04
Total Average Fourth Quarter 2019
5.215.21
Total Average Third Quarter 2019
4.784.78
Total Average
Fee
6.809.86
Exchange Rate Margin (%)
3.243.24
Total Cost Percent (%)
5.215.21
Total Cost (EUR) Total Cost (USD)
17.9626.03
Non-Transparent records
Bank account transfer Debit/credit card Cash
Less than one hour Same day Next day 3-5 days
Bank account Cash Mobile wallet
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