Remittance Prices Worldwide

MAKING MARKETS MORE TRANSPARENT

From SGSingapore you can also send money to

Sending money from SINGAPORE to BANGLADESH

Data collected on: Oct 26, 2020
SGD | 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 (SGD)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.
Western Union
Firm type: Money Transfer Operator
Payment instrument
Access point
Internet
Sending network coverage
High
Receiving method
Agent
High
0.000.00
1.24
Percentage difference between market reference rate 62.44 and exchange rate charged 61.66
1.24
1.241.24
3.222.48
Ameer Tech Remittance (MoneyGram)
Firm type: Money Transfer Operator
Payment instrument
Access point
Agent
Sending network coverage
Low
Receiving method
Agent
High
3.002.31
0.22
Percentage difference between market reference rate 62.44 and exchange rate charged 62.30
0.22
1.371.37
3.562.74
MoneyGram
Firm type: Money Transfer Operator
Payment instrument
Access point
Agent
Sending network coverage
High
Receiving method
Agent
High
3.002.31
0.33
Percentage difference between market reference rate 62.44 and exchange rate charged 62.23
0.33
1.481.48
3.852.96
MoneyGram
Firm type: Money Transfer Operator
Payment instrument
Access point
Internet
Sending network coverage
High
Receiving method
Agent
High
3.002.31
0.33
Percentage difference between market reference rate 62.44 and exchange rate charged 62.23
0.33
1.481.48
3.852.96
InstaReM
Firm type: Money Transfer Operator
Payment instrument
Access point
Internet
Sending network coverage
High
Receiving method
High
2.491.92
0.58
Percentage difference between market reference rate 62.44 and exchange rate charged 62.07
0.58
1.541.54
4.003.08
M1 Remit
Firm type: Money Transfer Operator
Payment instrument
Access point
Agent
Sending network coverage
High
Receiving method
Agent
High
3.002.31
0.50
Percentage difference between market reference rate 62.44 and exchange rate charged 62.12
0.50
1.661.66
4.323.32
Ameer Tech Remittance
Firm type: Money Transfer Operator
Payment instrument
Access point
Agent
Sending network coverage
Low
Receiving method
High
4.003.08
0.22
Percentage difference between market reference rate 62.44 and exchange rate charged 62.30
0.22
1.751.75
4.553.50
Western Union
Firm type: Money Transfer Operator
Payment instrument
Access point
Agent
Sending network coverage
High
Receiving method
Agent
High
3.002.31
0.73
Percentage difference between market reference rate 62.44 and exchange rate charged 61.98
0.73
1.881.88
4.893.76
Western Union
Firm type: Money Transfer Operator
Payment instrument
Access point
Agent
Sending network coverage
High
Receiving method
Agent
High
3.002.31
0.82
Percentage difference between market reference rate 62.44 and exchange rate charged 61.92
0.82
1.981.98
5.153.96
Prime Bank (Prime Exchange Co.)
Firm type: Bank
Payment instrument
Access point
Agent
Sending network coverage
Low
Receiving method
Agent
High
5.003.85
0.30
Percentage difference between market reference rate 62.44 and exchange rate charged 62.25
0.30
2.222.22
5.774.44
Transferwise
Firm type: Money Transfer Operator
Payment instrument
Access point
Internet
Sending network coverage
High
Receiving method
High
5.043.88
0.30
Percentage difference between market reference rate 62.44 and exchange rate charged 62.25
0.30
2.232.23
5.804.46
MyCash Money
Firm type: Money Transfer Operator
Payment instrument
Access point
Internet
Sending network coverage
High
Receiving method
Agent
High
5.003.85
0.38
Percentage difference between market reference rate 62.44 and exchange rate charged 62.20
0.38
2.302.30
5.984.60
WorldRemit
Firm type: Money Transfer Operator
Payment instrument
Access point
Internet
Sending network coverage
High
Receiving method
Agent
High
3.002.31
1.35
Percentage difference between market reference rate 62.44 and exchange rate charged 61.59
1.35
2.512.51
6.535.02
Tik FX
Firm type: Bank
Payment instrument
Access point
Internet
Sending network coverage
High
Receiving method
Agent
High
5.003.85
1.00
Percentage difference between market reference rate 62.44 and exchange rate charged 61.81
1.00
2.922.92
7.595.84
Agrani Exchange House (Agrani Bank)
Firm type: Bank / Money Transfer Operator
Payment instrument
Access point
Agent
Sending network coverage
Medium
Receiving method
Agent
High
5.003.85
2.60
Percentage difference between market reference rate 62.44 and exchange rate charged 60.81
2.60
4.534.53
11.789.06
State Bank of India
Firm type: Bank
Payment instrument
Access point
Bank branch
Sending network coverage
Medium
Receiving method
High
5.003.85
2.76
Percentage difference between market reference rate 62.44 and exchange rate charged 60.71
2.76
4.694.69
12.199.38
NBL Money Transfer
Firm type: Money Transfer Operator
Payment instrument
Access point
Agent
Sending network coverage
Medium
Receiving method
Agent
High
5.003.85
2.78
Percentage difference between market reference rate 62.44 and exchange rate charged 60.70
2.78
4.704.70
12.229.40
Total Average Fourth Quarter 2020
2.382.38
Total Average Third Quarter 2020
2.082.08
Total Average
Fee
3.682.83
Exchange Rate Margin (%)
0.970.97
Total Cost Percent (%)
2.382.38
Total Cost (SGD) Total Cost (USD)
6.194.76
Non-Transparent records
Bank account transfer Debit/credit card Cash
Less than one hour Same day Next day 2 days 3-5 days
Bank account Cash Mobile wallet
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
3.002.33
0.33
Percentage difference between market reference rate 62.44 and exchange rate charged 62.23
0.33
0.790.79
5.103.95
MoneyGram
Firm type: Money Transfer Operator
Payment instrument
Access point
Internet
Sending network coverage
High
Receiving method
Agent
High
3.002.33
0.33
Percentage difference between market reference rate 62.44 and exchange rate charged 62.23
0.33
0.790.79
5.103.95
InstaReM
Firm type: Money Transfer Operator
Payment instrument
Access point
Internet
Sending network coverage
High
Receiving method
High
2.261.75
0.58
Percentage difference between market reference rate 62.44 and exchange rate charged 62.07
0.58
0.930.93
6.004.65
M1 Remit
Firm type: Money Transfer Operator
Payment instrument
Access point
Agent
Sending network coverage
High
Receiving method
Agent
High
3.002.33
0.50
Percentage difference between market reference rate 62.44 and exchange rate charged 62.12
0.50
0.970.97
6.264.85
Ameer Tech Remittance
Firm type: Money Transfer Operator
Payment instrument
Access point
Agent
Sending network coverage
Low
Receiving method
High
5.003.88
0.22
Percentage difference between market reference rate 62.44 and exchange rate charged 62.30
0.22
0.990.99
6.394.95
Ameer Tech Remittance (MoneyGram)
Firm type: Money Transfer Operator
Payment instrument
Access point
Agent
Sending network coverage
Low
Receiving method
Agent
High
5.003.88
0.22
Percentage difference between market reference rate 62.44 and exchange rate charged 62.30
0.22
0.990.99
6.394.95
Prime Bank (Prime Exchange Co.)
Firm type: Bank
Payment instrument
Access point
Agent
Sending network coverage
Low
Receiving method
Agent
High
5.003.88
0.30
Percentage difference between market reference rate 62.44 and exchange rate charged 62.25
0.30
1.071.07
6.905.35
MyCash Money
Firm type: Money Transfer Operator
Payment instrument
Access point
Internet
Sending network coverage
High
Receiving method
Agent
High
5.003.88
0.38
Percentage difference between market reference rate 62.44 and exchange rate charged 62.20
0.38
1.151.15
7.425.75
Western Union
Firm type: Money Transfer Operator
Payment instrument
Access point
Agent
Sending network coverage
High
Receiving method
Agent
High
3.002.33
0.73
Percentage difference between market reference rate 62.44 and exchange rate charged 61.98
0.73
1.191.19
7.685.95
Western Union
Firm type: Money Transfer Operator
Payment instrument
Access point
Internet
Sending network coverage
High
Receiving method
Agent
High
0.000.00
1.24
Percentage difference between market reference rate 62.44 and exchange rate charged 61.66
1.24
1.241.24
8.006.20
Western Union
Firm type: Money Transfer Operator
Payment instrument
Access point
Agent
Sending network coverage
High
Receiving method
Agent
High
4.003.10
0.82
Percentage difference between market reference rate 62.44 and exchange rate charged 61.92
0.82
1.451.45
9.357.25
Transferwise
Firm type: Money Transfer Operator
Payment instrument
Access point
Internet
Sending network coverage
High
Receiving method
High
8.216.36
0.30
Percentage difference between market reference rate 62.44 and exchange rate charged 62.25
0.30
1.571.57
10.137.85
Tik FX
Firm type: Bank
Payment instrument
Access point
Internet
Sending network coverage
High
Receiving method
Agent
High
5.003.88
1.00
Percentage difference between market reference rate 62.44 and exchange rate charged 61.81
1.00
1.781.78
11.488.90
WorldRemit
Firm type: Money Transfer Operator
Payment instrument
Access point
Internet
Sending network coverage
High
Receiving method
Agent
High
3.002.33
1.35
Percentage difference between market reference rate 62.44 and exchange rate charged 61.59
1.35
1.821.82
11.749.10
Agrani Exchange House (Agrani Bank)
Firm type: Bank / Money Transfer Operator
Payment instrument
Access point
Agent
Sending network coverage
Medium
Receiving method
Agent
High
5.003.88
2.60
Percentage difference between market reference rate 62.44 and exchange rate charged 60.81
2.60
3.383.38
21.8016.90
State Bank of India
Firm type: Bank
Payment instrument
Access point
Bank branch
Sending network coverage
Medium
Receiving method
High
5.003.88
2.76
Percentage difference between market reference rate 62.44 and exchange rate charged 60.71
2.76
3.543.54
22.8317.70
NBL Money Transfer
Firm type: Money Transfer Operator
Payment instrument
Access point
Agent
Sending network coverage
Medium
Receiving method
Agent
High
5.003.88
2.78
Percentage difference between market reference rate 62.44 and exchange rate charged 60.70
2.78
3.553.55
22.9017.75
Total Average Fourth Quarter 2020
1.601.60
Total Average Third Quarter 2020
1.361.36
Total Average
Fee
4.093.17
Exchange Rate Margin (%)
0.970.97
Total Cost Percent (%)
1.601.60
Total Cost (SGD) Total Cost (USD)
10.328.00
Non-Transparent records
Bank account transfer Debit/credit card Cash
Less than one hour Same day Next day 2 days 3-5 days
Bank account Cash Mobile wallet