Remittance Prices Worldwide

MAKING MARKETS MORE TRANSPARENT

From NLNetherlands you can also send money to

Sending money from NETHERLANDS to NIGERIA

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)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
Agent
Sending network coverage
High
Receiving method
Agent
High
9.0012.86
2.23
Percentage difference between market reference rate 452.30 and exchange rate charged 442.20
2.23
8.668.66
12.1217.31
MoneyGram
Firm type: Money Transfer Operator
Payment instrument
Access point
Internet
Sending network coverage
High
Receiving method
Agent
High
2.994.27
2.23
Percentage difference between market reference rate 452.30 and exchange rate charged 442.20
2.23
4.374.37
6.128.74
MoneyTrans
Firm type: Money Transfer Operator / Post office
Payment instrument
Access point
Agent
Sending network coverage
Medium
Receiving method
Medium
8.0011.43
5.08
Percentage difference between market reference rate 452.30 and exchange rate charged 429.34
5.08
10.7910.79
15.1121.59
Remitly
Firm type: Money Transfer Operator
Payment instrument
Access point
Internet
Sending network coverage
High
Receiving method
Medium
2.994.27
-0.75
Percentage difference between market reference rate 452.30 and exchange rate charged 455.68
-0.75
1.391.39
1.952.79
Ria
Firm type: Money Transfer Operator
Payment instrument
Access point
Agent
Sending network coverage
Low
Receiving method
Agent
High
7.5010.71
3.74
Percentage difference between market reference rate 452.30 and exchange rate charged 435.40
3.74
9.099.09
12.7318.19
Transferwise
Firm type: Money Transfer Operator
Payment instrument
Access point
Internet
Sending network coverage
High
Receiving method
Medium
2.072.96
3.03
Percentage difference between market reference rate 452.30 and exchange rate charged 438.59
3.03
4.514.51
6.319.01
Western Union
Firm type: Money Transfer Operator
Payment instrument
Access point
Agent, Call Center
Sending network coverage
High
Receiving method
Agent
High
12.0017.14
5.81
Percentage difference between market reference rate 452.30 and exchange rate charged 426.00
5.81
14.3914.39
20.1528.79
Western Union
Firm type: Money Transfer Operator
Payment instrument
Access point
Internet
Sending network coverage
High
Receiving method
Agent
High
3.905.57
6.85
Percentage difference between market reference rate 452.30 and exchange rate charged 421.31
6.85
9.649.64
13.5019.29
Western Union
Firm type: Money Transfer Operator
Payment instrument
Access point
Internet
Sending network coverage
High
Receiving method
Medium
1.902.71
2.32
Percentage difference between market reference rate 452.30 and exchange rate charged 441.83
2.32
3.673.67
5.147.34
WorldRemit
Firm type: Money Transfer Operator
Payment instrument
Access point
Internet
Sending network coverage
High
Receiving method
Agent
Medium
0.000.00
3.76
Percentage difference between market reference rate 452.30 and exchange rate charged 435.31
3.76
3.763.76
5.267.51
WorldRemit
Firm type: Money Transfer Operator
Payment instrument
Access point
Internet
Sending network coverage
High
Receiving method
Medium
0.000.00
3.02
Percentage difference between market reference rate 452.30 and exchange rate charged 438.64
3.02
3.023.02
4.236.04
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
Receiving method
Medium
9.0012.86
0.00
Percentage difference between market reference rate 1.00 and exchange rate charged 1.00
0.00
6.436.43
9.0012.86
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
6.466.46
Total Average Third Quarter 2020
6.826.82
Total Average
Fee
5.037.18
Exchange Rate Margin (%)
2.872.87
Total Cost Percent (%)
6.466.46
Total Cost (EUR) Total Cost (USD)
9.0512.93
Non-Transparent records
Bank account transfer Debit/credit card Cash
Less than one hour Next day 3-5 days
Bank account Cash
Payment instrument
Access point
Sending network coverage
Receiving method
MoneyGram
Firm type: Money Transfer Operator
Payment instrument
Access point
Agent
Sending network coverage
High
Receiving method
Agent
High
15.0021.74
2.23
Percentage difference between market reference rate 452.30 and exchange rate charged 442.20
2.23
6.586.58
22.7032.90
MoneyGram
Firm type: Money Transfer Operator
Payment instrument
Access point
Internet
Sending network coverage
High
Receiving method
Agent
High
2.994.33
2.23
Percentage difference between market reference rate 452.30 and exchange rate charged 442.20
2.23
3.103.10
10.7015.51
MoneyTrans
Firm type: Money Transfer Operator / Post office
Payment instrument
Access point
Agent
Sending network coverage
Medium
Receiving method
Medium
10.0014.49
2.85
Percentage difference between market reference rate 452.30 and exchange rate charged 439.39
2.85
5.755.75
19.8428.75
Remitly
Firm type: Money Transfer Operator
Payment instrument
Access point
Internet
Sending network coverage
High
Receiving method
Medium
2.994.33
-0.75
Percentage difference between market reference rate 452.30 and exchange rate charged 455.68
-0.75
0.120.12
0.410.59
Ria
Firm type: Money Transfer Operator
Payment instrument
Access point
Agent
Sending network coverage
Low
Receiving method
Agent
High
14.0020.29
3.74
Percentage difference between market reference rate 452.30 and exchange rate charged 435.40
3.74
7.797.79
26.8838.96
Transferwise
Firm type: Money Transfer Operator
Payment instrument
Access point
Internet
Sending network coverage
High
Receiving method
Medium
4.065.88
3.03
Percentage difference between market reference rate 452.30 and exchange rate charged 438.59
3.03
4.214.21
14.5221.04
Western Union
Firm type: Money Transfer Operator
Payment instrument
Access point
Internet
Sending network coverage
High
Receiving method
Medium
1.902.75
2.32
Percentage difference between market reference rate 452.30 and exchange rate charged 441.83
2.32
2.872.87
9.9014.35
Western Union
Firm type: Money Transfer Operator
Payment instrument
Access point
Agent, Call Center
Sending network coverage
High
Receiving method
Agent
High
17.0024.64
5.81
Percentage difference between market reference rate 452.30 and exchange rate charged 426.00
5.81
10.7410.74
37.0553.70
Western Union
Firm type: Money Transfer Operator
Payment instrument
Access point
Internet
Sending network coverage
High
Receiving method
Agent
High
3.905.65
6.85
Percentage difference between market reference rate 452.30 and exchange rate charged 421.31
6.85
7.987.98
27.5339.90
WorldRemit
Firm type: Money Transfer Operator
Payment instrument
Access point
Internet
Sending network coverage
High
Receiving method
Medium
0.000.00
3.02
Percentage difference between market reference rate 452.30 and exchange rate charged 438.64
3.02
3.023.02
10.4215.10
WorldRemit
Firm type: Money Transfer Operator
Payment instrument
Access point
Internet
Sending network coverage
High
Receiving method
Agent
Medium
0.000.00
3.76
Percentage difference between market reference rate 452.30 and exchange rate charged 435.31
3.76
3.763.76
12.9718.80
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
Receiving method
Medium
9.0013.04
0.00
Percentage difference between market reference rate 1.00 and exchange rate charged 1.00
0.00
2.612.61
9.0013.04
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
4.644.64
Total Average Third Quarter 2020
4.954.95
Total Average
Fee
6.689.68
Exchange Rate Margin (%)
2.702.70
Total Cost Percent (%)
4.644.64
Total Cost (EUR) Total Cost (USD)
15.9923.18
Non-Transparent records
Bank account transfer Debit/credit card Cash
Less than one hour Next day 3-5 days
Bank account Cash