Remittance Prices Worldwide

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Transfer money

Sending money from SINGAPORE to BANGLADESH

Data collected on: Sep 16, 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 (%)
-0.09
Percentage difference between market reference rate 61.57 and exchange rate charged 61.62-0.09
Total cost (%)
2.412.41
Total cost (SGD)Total cost (USD)
6.274.82
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 (%)
0.15
Percentage difference between market reference rate 61.43 and exchange rate charged 61.340.15
Total cost (%)
2.072.07
Total cost (SGD)Total cost (USD)
5.384.14
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 (%)
0.51
Percentage difference between market reference rate 61.57 and exchange rate charged 61.250.51
Total cost (%)
2.822.82
Total cost (SGD)Total cost (USD)
7.335.64
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 (%)
0.28
Percentage difference between market reference rate 61.43 and exchange rate charged 61.260.28
Total cost (%)
1.811.81
Total cost (SGD)Total cost (USD)
4.713.62
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 (%)
0.51
Percentage difference between market reference rate 61.57 and exchange rate charged 61.250.51
Total cost (%)
1.281.28
Total cost (SGD)Total cost (USD)
3.332.56
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 (%)
-0.33
Percentage difference between market reference rate 61.43 and exchange rate charged 61.63-0.33
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
Internet
Sending network coverage
High
Transfer speed
Receiving method
Agent
Disbursing network coveragesort descending
High
Fee
0.000.00
Exchange rate margin (%)
0.51
Percentage difference between market reference rate 61.57 and exchange rate charged 61.250.51
Total cost (%)
0.510.51
Total cost (SGD)Total cost (USD)
1.331.02
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 (%)
1.89
Percentage difference between market reference rate 61.43 and exchange rate charged 60.271.89
Total cost (%)
3.813.81
Total cost (SGD)Total cost (USD)
9.917.62
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 (%)
1.39
Percentage difference between market reference rate 61.57 and exchange rate charged 60.711.39
Total cost (%)
2.542.54
Total cost (SGD)Total cost (USD)
6.605.08
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 (%)
0.76
Percentage difference between market reference rate 61.57 and exchange rate charged 61.100.76
Total cost (%)
1.011.01
Total cost (SGD)Total cost (USD)
2.632.02
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 (%)
0.82
Percentage difference between market reference rate 61.57 and exchange rate charged 61.060.82
Total cost (%)
2.742.74
Total cost (SGD)Total cost (USD)
7.125.48
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 (%)
0.59
Percentage difference between market reference rate 61.57 and exchange rate charged 61.200.59
Total cost (%)
1.361.36
Total cost (SGD)Total cost (USD)
3.542.72
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 (%)
0.98
Percentage difference between market reference rate 61.43 and exchange rate charged 60.830.98
Total cost (%)
2.912.91
Total cost (SGD)Total cost (USD)
7.575.82
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 (%)
2.82
Percentage difference between market reference rate 61.43 and exchange rate charged 59.702.82
Total cost (%)
4.744.74
Total cost (SGD)Total cost (USD)
12.329.48
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 (%)
2.82
Percentage difference between market reference rate 61.43 and exchange rate charged 59.702.82
Total cost (%)
4.744.74
Total cost (SGD)Total cost (USD)
12.329.48
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 (%)
1.03
Percentage difference between market reference rate 61.43 and exchange rate charged 60.801.03
Total cost (%)
2.952.95
Total cost (SGD)Total cost (USD)
7.675.90
Total Average Third Quarter
2.462.46
Total Average Second Quarter
2.172.17
Total Average
Fee
4.013.08
Exchange Rate Margin (%)
0.920.92
Total Cost Percent (%)
2.462.46
Total Cost (SGD) Total Cost (USD)
6.394.91
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
10.317.99
Exchange rate margin (%)
-0.09
Percentage difference between market reference rate 61.57 and exchange rate charged 61.62-0.09
Total cost (%)
1.511.51
Total cost (SGD)Total cost (USD)
9.747.55
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 (%)
0.15
Percentage difference between market reference rate 61.43 and exchange rate charged 61.340.15
Total cost (%)
0.920.92
Total cost (SGD)Total cost (USD)
5.934.60
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 (%)
0.51
Percentage difference between market reference rate 61.57 and exchange rate charged 61.250.51
Total cost (%)
1.441.44
Total cost (SGD)Total cost (USD)
9.297.20
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 (%)
0.28
Percentage difference between market reference rate 61.43 and exchange rate charged 61.260.28
Total cost (%)
0.900.90
Total cost (SGD)Total cost (USD)
5.814.50
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 (%)
0.51
Percentage difference between market reference rate 61.57 and exchange rate charged 61.250.51
Total cost (%)
0.820.82
Total cost (SGD)Total cost (USD)
5.294.10
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 (%)
-0.33
Percentage difference between market reference rate 61.43 and exchange rate charged 61.63-0.33
Total cost (%)
0.450.45
Total cost (SGD)Total cost (USD)
2.902.25
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 (%)
0.51
Percentage difference between market reference rate 61.57 and exchange rate charged 61.250.51
Total cost (%)
0.510.51
Total cost (SGD)Total cost (USD)
3.292.55
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 (%)
1.89
Percentage difference between market reference rate 61.43 and exchange rate charged 60.271.89
Total cost (%)
2.662.66
Total cost (SGD)Total cost (USD)
17.1613.30
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 (%)
1.39
Percentage difference between market reference rate 61.57 and exchange rate charged 60.711.39
Total cost (%)
1.861.86
Total cost (SGD)Total cost (USD)
12.009.30
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 (%)
0.76
Percentage difference between market reference rate 61.57 and exchange rate charged 61.100.76
Total cost (%)
1.011.01
Total cost (SGD)Total cost (USD)
6.515.05
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 (%)
0.82
Percentage difference between market reference rate 61.57 and exchange rate charged 61.060.82
Total cost (%)
2.062.06
Total cost (SGD)Total cost (USD)
13.2910.30
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 (%)
0.59
Percentage difference between market reference rate 61.57 and exchange rate charged 61.200.59
Total cost (%)
0.900.90
Total cost (SGD)Total cost (USD)
5.814.50
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 (%)
0.98
Percentage difference between market reference rate 61.43 and exchange rate charged 60.830.98
Total cost (%)
1.761.76
Total cost (SGD)Total cost (USD)
11.358.80
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 (%)
2.82
Percentage difference between market reference rate 61.43 and exchange rate charged 59.702.82
Total cost (%)
3.593.59
Total cost (SGD)Total cost (USD)
23.1617.95
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 (%)
2.82
Percentage difference between market reference rate 61.43 and exchange rate charged 59.702.82
Total cost (%)
3.593.59
Total cost (SGD)Total cost (USD)
23.1617.95
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 (%)
1.03
Percentage difference between market reference rate 61.43 and exchange rate charged 60.801.03
Total cost (%)
1.801.80
Total cost (SGD)Total cost (USD)
11.619.00
Total Average Third Quarter
1.611.61
Total Average Second Quarter
1.331.33
Total Average
Fee
4.503.48
Exchange Rate Margin (%)
0.920.92
Total Cost Percent (%)
1.611.61
Total Cost (SGD) Total Cost (USD)
10.398.06
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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