Remittance Prices Worldwide

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Sending money from SINGAPORE to INDIA

Data collected on: Jul 27, 2018
SGD | USD
Payment instrument
Access point
Sending network coverage
Receiving method
InstaReM
Payment instrument
Access point
Internet
Sending network coverage
High
Receiving method
High
0.650.50
-0.93
-0.93
-0.68-0.68
-1.77-1.36
Transferwise
Payment instrument
Access point
Internet
Sending network coverage
High
Receiving method
High
1.741.34
-0.94
-0.94
-0.27-0.27
-0.70-0.54
Prime Bank (Prime Exchange Co.)
Payment instrument
Access point
Bank branch
Sending network coverage
Low
Receiving method
High
0.000.00
0.79
0.79
0.790.79
2.051.58
SmartSend
Payment instrument
Access point
Internet
Sending network coverage
High
Receiving method
High
0.000.00
0.81
0.81
0.810.81
2.111.62
RemitGuru
Payment instrument
Access point
Internet
Sending network coverage
High
Receiving method
High
2.001.54
0.23
0.23
1.001.00
2.602.00
BOSS Mobile Money
Payment instrument
Access point
Internet
Sending network coverage
High
Receiving method
High
2.001.54
0.33
0.33
1.101.10
2.862.20
M1 Remit
Payment instrument
Access point
Agent
Sending network coverage
High
Receiving method
High
5.003.85
-0.21
-0.21
1.721.72
4.473.44
BOSS Mobile Money
Payment instrument
Access point
Internet
Sending network coverage
High
Receiving method
High
5.003.85
0.33
0.33
2.252.25
5.854.50
Singtel Dash
Payment instrument
Access point
Mobile phone
Sending network coverage
High
Receiving method
High
3.502.69
0.95
0.95
2.292.29
5.954.58
Ameer Tech Remittance
Payment instrument
Access point
Agent
Sending network coverage
Low
Receiving method
High
5.003.85
0.55
0.55
2.472.47
6.424.94
State Bank of India
Payment instrument
Access point
Bank branch
Sending network coverage
High
Receiving method
High
5.003.85
0.69
0.69
2.612.61
6.795.22
MoneyGram
Payment instrument
Access point
Agent
Sending network coverage
High
Receiving method
High
5.003.85
0.83
0.83
2.752.75
7.155.50
WorldRemit
Payment instrument
Access point
Internet
Sending network coverage
High
Receiving method
High
3.002.31
1.80
1.80
2.952.95
7.675.90
Bank of India
Payment instrument
Access point
Bank branch
Sending network coverage
Low
Receiving method
High
5.003.85
1.04
1.04
2.972.97
7.725.94
Indian Overseas Bank
Payment instrument
Access point
Bank branch
Sending network coverage
Medium
Receiving method
High
7.005.38
1.58
1.58
4.274.27
11.108.54
Western Union
Payment instrument
Access point
Agent
Sending network coverage
High
Receiving method
High
9.006.92
1.01
1.01
4.474.47
11.628.94
Indian Overseas Bank
Payment instrument
Access point
Bank branch
Sending network coverage
Medium
Receiving method
High
10.007.69
1.58
1.58
5.435.43
14.1210.86
Total Average Third Quarter
2.172.17
Total Average Second Quarter
3.043.04
Total Average
Fee
4.053.12
Exchange Rate Margin (%)
0.610.61
Total Cost Percent (%)
2.172.17
Total Cost (SGD) Total Cost (USD)
5.654.34
Non-Transparent records
Bank account transfer Debit/credit card Mobile money Cash
Less than one hour Same day Next day 2 days
Bank account Bank account (same/partner bank) Cash
Payment instrument
Access point
Sending network coverage
Receiving method
InstaReM
Payment instrument
Access point
Internet
Sending network coverage
High
Receiving method
High
1.631.26
-0.93
-0.93
-0.68-0.68
-4.39-3.40
Transferwise
Payment instrument
Access point
Internet
Sending network coverage
High
Receiving method
High
3.732.89
-0.94
-0.94
-0.36-0.36
-2.32-1.80
RemitGuru
Payment instrument
Access point
Internet
Sending network coverage
High
Receiving method
High
2.001.55
0.23
0.23
0.540.54
3.482.70
M1 Remit
Payment instrument
Access point
Agent
Sending network coverage
High
Receiving method
High
5.003.88
-0.21
-0.21
0.570.57
3.682.85
BOSS Mobile Money
Payment instrument
Access point
Internet
Sending network coverage
High
Receiving method
High
2.001.55
0.33
0.33
0.640.64
4.133.20
Prime Bank (Prime Exchange Co.)
Payment instrument
Access point
Bank branch
Sending network coverage
Low
Receiving method
High
0.000.00
0.79
0.79
0.790.79
5.103.95
SmartSend
Payment instrument
Access point
Internet
Sending network coverage
High
Receiving method
High
0.000.00
0.81
0.81
0.810.81
5.224.05
BOSS Mobile Money
Payment instrument
Access point
Internet
Sending network coverage
High
Receiving method
High
5.003.88
0.33
0.33
1.111.11
7.165.55
Ameer Tech Remittance
Payment instrument
Access point
Agent
Sending network coverage
Low
Receiving method
High
5.003.88
0.55
0.55
1.321.32
8.516.60
State Bank of India
Payment instrument
Access point
Bank branch
Sending network coverage
High
Receiving method
High
5.003.88
0.69
0.69
1.461.46
9.427.30
Singtel Dash
Payment instrument
Access point
Mobile phone
Sending network coverage
High
Receiving method
High
3.502.71
0.95
0.95
1.491.49
9.617.45
Bank of India
Payment instrument
Access point
Bank branch
Sending network coverage
Low
Receiving method
High
5.003.88
1.04
1.04
1.821.82
11.749.10
MoneyGram
Payment instrument
Access point
Agent
Sending network coverage
High
Receiving method
High
9.006.98
0.83
0.83
2.222.22
14.3211.10
WorldRemit
Payment instrument
Access point
Internet
Sending network coverage
High
Receiving method
High
3.002.33
1.80
1.80
2.262.26
14.5811.30
Indian Overseas Bank
Payment instrument
Access point
Bank branch
Sending network coverage
Medium
Receiving method
High
7.005.43
1.58
1.58
2.672.67
17.2213.35
Indian Overseas Bank
Payment instrument
Access point
Bank branch
Sending network coverage
Medium
Receiving method
High
10.007.75
1.58
1.58
3.133.13
20.1915.65
Western Union
Payment instrument
Access point
Agent
Sending network coverage
High
Receiving method
High
15.0011.63
1.01
1.01
3.333.33
21.4816.65
Total Average Third Quarter
1.361.36
Total Average Second Quarter
2.262.26
Total Average
Fee
4.823.73
Exchange Rate Margin (%)
0.610.61
Total Cost Percent (%)
1.361.36
Total Cost (SGD) Total Cost (USD)
8.776.80
Non-Transparent records
Bank account transfer Debit/credit card Mobile money Cash
Less than one hour Same day Next day 2 days
Bank account Bank account (same/partner bank) Cash