Remittance Prices Worldwide

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Transfer money

Sending money from SINGAPORE to BANGLADESH

Data collected on: May 06, 2019
SGD | USD
Firm
Payment instrument
Access point
Sending network coverage
Transfer speed
Receiving method
Disbursing network coveragesort descending
Fee
Exchange rate margin (%)
Total cost (%)
Total cost (SGD)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 coveragesort descending
High
Fee
6.505.00
Exchange rate margin (%)
-0.58
Percentage difference between market reference rate 61.59 and exchange rate charged 61.95-0.58
Total cost (%)
1.921.92
Total cost (SGD)Total cost (USD)
4.993.84
Firm
Agrani Exchange House (Agrani Bank)
Firm type: Bank / Money Transfer Operator
 
Payment instrument
Access point
Agent
Sending network coverage
Medium
Transfer speed
Receiving method
Disbursing network coveragesort descending
High
Fee
5.003.85
Exchange rate margin (%)
0.23
Percentage difference between market reference rate 61.59 and exchange rate charged 61.450.23
Total cost (%)
2.152.15
Total cost (SGD)Total cost (USD)
5.594.30
Firm
Western Union
Firm type: Money Transfer Operator
 
Payment instrument
Access point
Agent
Sending network coverage
High
Transfer speed
Receiving method
Agent
Disbursing network coveragesort descending
High
Fee
6.004.62
Exchange rate margin (%)
0.22
Percentage difference between market reference rate 61.59 and exchange rate charged 61.450.22
Total cost (%)
2.532.53
Total cost (SGD)Total cost (USD)
6.585.06
Firm
Ameer Tech Remittance
Firm type: Money Transfer Operator
 
Payment instrument
Access point
Agent
Sending network coverage
Low
Transfer speed
Receiving method
Disbursing network coveragesort descending
Medium
Fee
4.003.08
Exchange rate margin (%)
0.07
Percentage difference between market reference rate 61.59 and exchange rate charged 61.550.07
Total cost (%)
1.601.60
Total cost (SGD)Total cost (USD)
4.163.20
Firm
Western Union
Firm type: Money Transfer Operator
 
Payment instrument
Access point
Agent
Sending network coverage
High
Transfer speed
Receiving method
Agent
Disbursing network coveragesort descending
High
Fee
2.001.54
Exchange rate margin (%)
0.22
Percentage difference between market reference rate 61.59 and exchange rate charged 61.450.22
Total cost (%)
0.990.99
Total cost (SGD)Total cost (USD)
2.571.98
Firm
Ameer Tech Remittance (MoneyGram)
Firm type: Money Transfer Operator
 
Payment instrument
Access point
Agent
Sending network coverage
Low
Transfer speed
Receiving method
Agent
Disbursing network coveragesort descending
High
Fee
5.003.85
Exchange rate margin (%)
-0.30
Percentage difference between market reference rate 61.59 and exchange rate charged 61.78-0.30
Total cost (%)
1.621.62
Total cost (SGD)Total cost (USD)
4.213.24
Firm
Western Union
Firm type: Money Transfer Operator
 
Payment instrument
Access point
Internet
Sending network coverage
High
Transfer speed
Receiving method
Agent
Disbursing network coveragesort descending
High
Fee
0.000.00
Exchange rate margin (%)
0.22
Percentage difference between market reference rate 61.59 and exchange rate charged 61.450.22
Total cost (%)
0.220.22
Total cost (SGD)Total cost (USD)
0.570.44
Firm
Brunphil Express
Firm type: Money Transfer Operator
 
Payment instrument
Access point
Agent
Sending network coverage
High
Transfer speed
Receiving method
Agent
Disbursing network coveragesort descending
High
Fee
5.003.85
Exchange rate margin (%)
0.65
Percentage difference between market reference rate 61.59 and exchange rate charged 61.190.65
Total cost (%)
2.572.57
Total cost (SGD)Total cost (USD)
6.685.14
Firm
WorldRemit
Firm type: Money Transfer Operator
 
Payment instrument
Access point
Internet
Sending network coverage
High
Transfer speed
Receiving method
Agent
Disbursing network coveragesort descending
High
Fee
3.002.31
Exchange rate margin (%)
0.95
Percentage difference between market reference rate 61.59 and exchange rate charged 61.000.95
Total cost (%)
2.112.11
Total cost (SGD)Total cost (USD)
5.494.22
Firm
InstaReM
Firm type: Money Transfer Operator
 
Payment instrument
Access point
Internet
Sending network coverage
High
Transfer speed
Receiving method
Disbursing network coveragesort descending
High
Fee
0.650.50
Exchange rate margin (%)
1.05
Percentage difference between market reference rate 61.59 and exchange rate charged 60.941.05
Total cost (%)
1.301.30
Total cost (SGD)Total cost (USD)
3.382.60
Firm
Xpress Money
Firm type: Money Transfer Operator
 
Payment instrument
Access point
Agent
Sending network coverage
High
Transfer speed
Receiving method
Agent
Disbursing network coveragesort descending
High
Fee
5.003.85
Exchange rate margin (%)
0.15
Percentage difference between market reference rate 61.59 and exchange rate charged 61.500.15
Total cost (%)
2.082.08
Total cost (SGD)Total cost (USD)
5.414.16
Firm
M1 Remit
Firm type: Money Transfer Operator
 
Payment instrument
Access point
Agent
Sending network coverage
High
Transfer speed
Receiving method
Agent
Disbursing network coveragesort descending
High
Fee
2.001.54
Exchange rate margin (%)
0.23
Percentage difference between market reference rate 61.59 and exchange rate charged 61.450.23
Total cost (%)
1.001.00
Total cost (SGD)Total cost (USD)
2.602.00
Firm
MoneyGram
Firm type: Money Transfer Operator
 
Payment instrument
Access point
Agent
Sending network coverage
High
Transfer speed
Receiving method
Agent
Disbursing network coveragesort descending
High
Fee
5.003.85
Exchange rate margin (%)
0.19
Percentage difference between market reference rate 61.59 and exchange rate charged 61.480.19
Total cost (%)
2.112.11
Total cost (SGD)Total cost (USD)
5.494.22
Firm
NBL Money Transfer
Firm type: Money Transfer Operator
 
Payment instrument
Access point
Agent
Sending network coverage
Medium
Transfer speed
Receiving method
Agent
Disbursing network coveragesort descending
High
Fee
5.003.85
Exchange rate margin (%)
2.27
Percentage difference between market reference rate 61.59 and exchange rate charged 60.192.27
Total cost (%)
4.204.20
Total cost (SGD)Total cost (USD)
10.928.40
Firm
Prime Bank (Prime Exchange Co.)
Firm type: Bank
 
Payment instrument
Access point
Agent
Sending network coverage
Low
Transfer speed
Receiving method
Disbursing network coveragesort descending
High
Fee
5.003.85
Exchange rate margin (%)
2.27
Percentage difference between market reference rate 61.59 and exchange rate charged 60.192.27
Total cost (%)
4.204.20
Total cost (SGD)Total cost (USD)
10.928.40
Firm
State Bank of India
Firm type: Bank
 
Payment instrument
Access point
Bank branch
Sending network coverage
Medium
Transfer speed
Receiving method
Disbursing network coveragesort descending
High
Fee
5.003.85
Exchange rate margin (%)
2.16
Percentage difference between market reference rate 61.59 and exchange rate charged 60.262.16
Total cost (%)
4.084.08
Total cost (SGD)Total cost (USD)
10.618.16
Total Average Second Quarter
2.172.17
Total Average First Quarter
2.662.66
Total Average
Fee
4.013.08
Exchange Rate Margin (%)
0.630.63
Total Cost Percent (%)
2.172.17
Total Cost (SGD) Total Cost (USD)
5.644.34
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 Own/partner bank account
Firm
Payment instrument
Access point
Sending network coverage
Transfer speed
Receiving method
Disbursing network coveragesort descending
Fee
Exchange rate margin (%)
Total cost (%)
Total cost (SGD)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 coveragesort descending
High
Fee
11.028.54
Exchange rate margin (%)
-0.58
Percentage difference between market reference rate 61.59 and exchange rate charged 61.95-0.58
Total cost (%)
1.131.13
Total cost (SGD)Total cost (USD)
7.295.65
Firm
Agrani Exchange House (Agrani Bank)
Firm type: Bank / Money Transfer Operator
 
Payment instrument
Access point
Agent
Sending network coverage
Medium
Transfer speed
Receiving method
Disbursing network coveragesort descending
High
Fee
5.003.88
Exchange rate margin (%)
0.23
Percentage difference between market reference rate 61.59 and exchange rate charged 61.450.23
Total cost (%)
1.001.00
Total cost (SGD)Total cost (USD)
6.455.00
Firm
Western Union
Firm type: Money Transfer Operator
 
Payment instrument
Access point
Agent
Sending network coverage
High
Transfer speed
Receiving method
Agent
Disbursing network coveragesort descending
High
Fee
6.004.65
Exchange rate margin (%)
0.22
Percentage difference between market reference rate 61.59 and exchange rate charged 61.450.22
Total cost (%)
1.151.15
Total cost (SGD)Total cost (USD)
7.425.75
Firm
Ameer Tech Remittance
Firm type: Money Transfer Operator
 
Payment instrument
Access point
Agent
Sending network coverage
Low
Transfer speed
Receiving method
Disbursing network coveragesort descending
Medium
Fee
4.003.10
Exchange rate margin (%)
0.07
Percentage difference between market reference rate 61.59 and exchange rate charged 61.550.07
Total cost (%)
0.690.69
Total cost (SGD)Total cost (USD)
4.453.45
Firm
Western Union
Firm type: Money Transfer Operator
 
Payment instrument
Access point
Agent
Sending network coverage
High
Transfer speed
Receiving method
Agent
Disbursing network coveragesort descending
High
Fee
2.001.55
Exchange rate margin (%)
0.22
Percentage difference between market reference rate 61.59 and exchange rate charged 61.450.22
Total cost (%)
0.530.53
Total cost (SGD)Total cost (USD)
3.422.65
Firm
Ameer Tech Remittance (MoneyGram)
Firm type: Money Transfer Operator
 
Payment instrument
Access point
Agent
Sending network coverage
Low
Transfer speed
Receiving method
Agent
Disbursing network coveragesort descending
High
Fee
5.003.88
Exchange rate margin (%)
-0.30
Percentage difference between market reference rate 61.59 and exchange rate charged 61.78-0.30
Total cost (%)
0.470.47
Total cost (SGD)Total cost (USD)
3.032.35
Firm
Western Union
Firm type: Money Transfer Operator
 
Payment instrument
Access point
Internet
Sending network coverage
High
Transfer speed
Receiving method
Agent
Disbursing network coveragesort descending
High
Fee
0.000.00
Exchange rate margin (%)
0.22
Percentage difference between market reference rate 61.59 and exchange rate charged 61.450.22
Total cost (%)
0.220.22
Total cost (SGD)Total cost (USD)
1.421.10
Firm
Brunphil Express
Firm type: Money Transfer Operator
 
Payment instrument
Access point
Agent
Sending network coverage
High
Transfer speed
Receiving method
Agent
Disbursing network coveragesort descending
High
Fee
5.003.88
Exchange rate margin (%)
0.65
Percentage difference between market reference rate 61.59 and exchange rate charged 61.190.65
Total cost (%)
1.431.43
Total cost (SGD)Total cost (USD)
9.227.15
Firm
WorldRemit
Firm type: Money Transfer Operator
 
Payment instrument
Access point
Internet
Sending network coverage
High
Transfer speed
Receiving method
Agent
Disbursing network coveragesort descending
High
Fee
3.002.33
Exchange rate margin (%)
0.95
Percentage difference between market reference rate 61.59 and exchange rate charged 61.000.95
Total cost (%)
1.421.42
Total cost (SGD)Total cost (USD)
9.167.10
Firm
InstaReM
Firm type: Money Transfer Operator
 
Payment instrument
Access point
Internet
Sending network coverage
High
Transfer speed
Receiving method
Disbursing network coveragesort descending
High
Fee
1.611.25
Exchange rate margin (%)
1.05
Percentage difference between market reference rate 61.59 and exchange rate charged 60.941.05
Total cost (%)
1.301.30
Total cost (SGD)Total cost (USD)
8.396.50
Firm
Xpress Money
Firm type: Money Transfer Operator
 
Payment instrument
Access point
Agent
Sending network coverage
High
Transfer speed
Receiving method
Agent
Disbursing network coveragesort descending
High
Fee
8.006.20
Exchange rate margin (%)
0.15
Percentage difference between market reference rate 61.59 and exchange rate charged 61.500.15
Total cost (%)
1.391.39
Total cost (SGD)Total cost (USD)
8.976.95
Firm
M1 Remit
Firm type: Money Transfer Operator
 
Payment instrument
Access point
Agent
Sending network coverage
High
Transfer speed
Receiving method
Agent
Disbursing network coveragesort descending
High
Fee
2.001.55
Exchange rate margin (%)
0.23
Percentage difference between market reference rate 61.59 and exchange rate charged 61.450.23
Total cost (%)
0.540.54
Total cost (SGD)Total cost (USD)
3.482.70
Firm
MoneyGram
Firm type: Money Transfer Operator
 
Payment instrument
Access point
Agent
Sending network coverage
High
Transfer speed
Receiving method
Agent
Disbursing network coveragesort descending
High
Fee
5.003.88
Exchange rate margin (%)
0.19
Percentage difference between market reference rate 61.59 and exchange rate charged 61.480.19
Total cost (%)
0.960.96
Total cost (SGD)Total cost (USD)
6.194.80
Firm
NBL Money Transfer
Firm type: Money Transfer Operator
 
Payment instrument
Access point
Agent
Sending network coverage
Medium
Transfer speed
Receiving method
Agent
Disbursing network coveragesort descending
High
Fee
5.003.88
Exchange rate margin (%)
2.27
Percentage difference between market reference rate 61.59 and exchange rate charged 60.192.27
Total cost (%)
3.053.05
Total cost (SGD)Total cost (USD)
19.6715.25
Firm
Prime Bank (Prime Exchange Co.)
Firm type: Bank
 
Payment instrument
Access point
Agent
Sending network coverage
Low
Transfer speed
Receiving method
Disbursing network coveragesort descending
High
Fee
5.003.88
Exchange rate margin (%)
2.27
Percentage difference between market reference rate 61.59 and exchange rate charged 60.192.27
Total cost (%)
3.053.05
Total cost (SGD)Total cost (USD)
19.6715.25
Firm
State Bank of India
Firm type: Bank
 
Payment instrument
Access point
Bank branch
Sending network coverage
Medium
Transfer speed
Receiving method
Disbursing network coveragesort descending
High
Fee
5.003.88
Exchange rate margin (%)
2.16
Percentage difference between market reference rate 61.59 and exchange rate charged 60.262.16
Total cost (%)
2.942.94
Total cost (SGD)Total cost (USD)
18.9614.70
Total Average Second Quarter
1.331.33
Total Average First Quarter
1.811.81
Total Average
Fee
4.543.52
Exchange Rate Margin (%)
0.630.63
Total Cost Percent (%)
1.331.33
Total Cost (SGD) Total Cost (USD)
8.576.65
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 Own/partner bank account
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