Remittance Prices Worldwide

MAKING MARKETS MORE TRANSPARENT

From SGSingapore you can also send money to

Sending money from SINGAPORE to INDIA

Data collected on: Oct 28, 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)Total cost (USD)
The total cost of sending a remittance transfer includes: the fee charged to the sender plus the exchange rate margin.
InstaReM
Firm type: Money Transfer Operator
Payment instrument
Access point
Internet
Sending network coverage
High
Receiving method
High
2.491.92
0.13
Percentage difference between market reference rate 54.31 and exchange rate charged 54.24
0.13
1.091.09
2.832.18
Singtel Dash
Firm type: Money Transfer Operator
Payment instrument
Access point
Mobile phone
Sending network coverage
High
Receiving method
High
2.001.54
0.94
Percentage difference between market reference rate 54.31 and exchange rate charged 53.80
0.94
1.711.71
4.453.42
Kotak Click2Remit
Firm type: Bank
Payment instrument
Access point
Internet
Sending network coverage
High
Receiving method
High
0.000.00
1.03
Percentage difference between market reference rate 54.31 and exchange rate charged 53.75
1.03
1.031.03
2.682.06
SmartSend
Firm type: Bank
Payment instrument
Access point
Internet
Sending network coverage
High
Receiving method
High
0.000.00
1.36
Percentage difference between market reference rate 54.31 and exchange rate charged 53.57
1.36
1.361.36
3.542.72
M1 Remit
Firm type: Money Transfer Operator
Payment instrument
Access point
Agent
Sending network coverage
High
Receiving method
High
0.000.00
0.68
Percentage difference between market reference rate 54.31 and exchange rate charged 53.94
0.68
0.680.68
1.771.36
State Bank of India
Firm type: Bank
Payment instrument
Access point
Bank branch
Sending network coverage
High
Receiving method
High
5.003.85
1.58
Percentage difference between market reference rate 54.31 and exchange rate charged 53.45
1.58
3.513.51
9.137.02
MoneyGram
Firm type: Money Transfer Operator
Payment instrument
Access point
Agent
Sending network coverage
High
Receiving method
Agent
High
3.002.31
0.57
Percentage difference between market reference rate 54.31 and exchange rate charged 54.00
0.57
1.731.73
4.503.46
State Bank of India
Firm type: Bank
Payment instrument
Access point
Internet
Sending network coverage
High
Receiving method
High
0.000.00
1.58
Percentage difference between market reference rate 54.31 and exchange rate charged 53.45
1.58
1.581.58
4.113.16
Ameer Tech Remittance
Firm type: Money Transfer Operator
Payment instrument
Access point
Agent
Sending network coverage
Low
Receiving method
High
8.006.15
0.57
Percentage difference between market reference rate 54.31 and exchange rate charged 54.00
0.57
3.653.65
9.497.30
MoneyGram
Firm type: Money Transfer Operator
Payment instrument
Access point
Internet
Sending network coverage
High
Receiving method
Agent
High
3.002.31
0.57
Percentage difference between market reference rate 54.31 and exchange rate charged 54.00
0.57
1.731.73
4.503.46
Tik FX
Firm type: Bank
Payment instrument
Access point
Internet
Sending network coverage
High
Receiving method
Agent
High
5.003.85
1.07
Percentage difference between market reference rate 54.31 and exchange rate charged 53.73
1.07
2.992.99
7.775.98
Ameer Tech Remittance
Firm type: Money Transfer Operator
Payment instrument
Access point
Agent
Sending network coverage
Low
Receiving method
Agent
High
5.003.85
0.57
Percentage difference between market reference rate 54.31 and exchange rate charged 54.00
0.57
2.492.49
6.474.98
MoneyGram
Firm type: Money Transfer Operator
Payment instrument
Access point
Internet
Sending network coverage
High
Receiving method
High
3.002.31
0.52
Percentage difference between market reference rate 54.31 and exchange rate charged 54.03
0.52
1.671.67
4.343.34
Western Union
Firm type: Money Transfer Operator
Payment instrument
Access point
Agent
Sending network coverage
High
Receiving method
Agent
High
4.003.08
1.75
Percentage difference between market reference rate 54.31 and exchange rate charged 53.36
1.75
3.293.29
8.556.58
Bank of India
Firm type: Bank
Payment instrument
Access point
Bank branch
Sending network coverage
Low
Receiving method
High
5.003.85
1.68
Percentage difference between market reference rate 54.31 and exchange rate charged 53.40
1.68
3.603.60
9.367.20
MyCash Money
Firm type: Money Transfer Operator
Payment instrument
Access point
Internet
Sending network coverage
High
Receiving method
Agent
High
5.003.85
2.78
Percentage difference between market reference rate 54.31 and exchange rate charged 52.80
2.78
4.704.70
12.229.40
Western Union
Firm type: Money Transfer Operator
Payment instrument
Access point
Agent
Sending network coverage
High
Receiving method
Agent
High
3.002.31
0.90
Percentage difference between market reference rate 54.31 and exchange rate charged 53.82
0.90
2.062.06
5.364.12
BOSS Mobile Money
Firm type: Money Transfer Operator
Payment instrument
Access point
Mobile phone
Sending network coverage
High
Receiving method
Agent
High
3.002.31
0.68
Percentage difference between market reference rate 54.31 and exchange rate charged 53.94
0.68
1.841.84
4.783.68
Prime Bank (Prime Exchange Co.)
Firm type: Bank
Payment instrument
Access point
Bank branch
Sending network coverage
Low
Receiving method
High
1.000.77
1.68
Percentage difference between market reference rate 54.31 and exchange rate charged 53.40
1.68
2.062.06
5.364.12
Western Union
Firm type: Money Transfer Operator
Payment instrument
Access point
Internet
Sending network coverage
High
Receiving method
Agent
High
0.000.00
2.14
Percentage difference between market reference rate 54.31 and exchange rate charged 53.15
2.14
2.142.14
5.564.28
BOSS Mobile Money
Firm type: Money Transfer Operator
Payment instrument
Access point
Mobile phone
Sending network coverage
High
Receiving method
High
3.002.31
0.68
Percentage difference between market reference rate 54.31 and exchange rate charged 53.94
0.68
1.841.84
4.783.68
RemitGuru
Firm type: Money Transfer Operator
Payment instrument
Access point
Internet
Sending network coverage
High
Receiving method
High
2.001.54
1.27
Percentage difference between market reference rate 54.31 and exchange rate charged 53.62
1.27
2.042.04
5.304.08
WorldRemit
Firm type: Money Transfer Operator
Payment instrument
Access point
Internet
Sending network coverage
High
Receiving method
High
3.002.31
1.29
Percentage difference between market reference rate 54.31 and exchange rate charged 53.61
1.29
2.442.44
6.344.88
DBS Remit
Firm type: Money Transfer Operator
Payment instrument
Access point
Bank branch, Call Center, Internet
Sending network coverage
High
Receiving method
High
0.000.00
1.47
Percentage difference between market reference rate 54.31 and exchange rate charged 53.51
1.47
1.471.47
3.822.94
RemitMoney
Firm type: Bank
Payment instrument
Access point
Internet
Sending network coverage
High
Receiving method
High
0.000.00
1.33
Percentage difference between market reference rate 54.31 and exchange rate charged 53.59
1.33
1.331.33
3.462.66
Indian Overseas Bank
Firm type: Bank
Payment instrument
Access point
Bank branch
Sending network coverage
Medium
Receiving method
High
5.003.85
1.58
Percentage difference between market reference rate 54.31 and exchange rate charged 53.45
1.58
3.513.51
9.137.02
SC Remit
Firm type: Money Transfer Operator
Payment instrument
Access point
Internet
Sending network coverage
High
Receiving method
High
0.000.00
0.81
Percentage difference between market reference rate 54.31 and exchange rate charged 53.87
0.81
0.810.81
2.111.62
Total Average Fourth Quarter 2020
2.162.16
Total Average Third Quarter 2020
1.771.77
Total Average
Fee
2.612.01
Exchange Rate Margin (%)
1.161.16
Total Cost Percent (%)
2.162.16
Total Cost (SGD) Total Cost (USD)
5.624.32
Non-Transparent records
Bank account transfer Debit/credit card Mobile money Cash
Less than one hour Same day Next day 2 days
Bank account Cash Mobile wallet
Payment instrument
Access point
Sending network coverage
Receiving method
InstaReM
Firm type: Money Transfer Operator
Payment instrument
Access point
Internet
Sending network coverage
High
Receiving method
High
2.261.75
0.13
Percentage difference between market reference rate 54.31 and exchange rate charged 54.24
0.13
0.480.48
3.102.40
MoneyGram
Firm type: Money Transfer Operator
Payment instrument
Access point
Internet
Sending network coverage
High
Receiving method
High
3.002.33
0.52
Percentage difference between market reference rate 54.31 and exchange rate charged 54.03
0.52
0.980.98
6.324.90
MoneyGram
Firm type: Money Transfer Operator
Payment instrument
Access point
Internet
Sending network coverage
High
Receiving method
Agent
High
3.002.33
0.57
Percentage difference between market reference rate 54.31 and exchange rate charged 54.00
0.57
1.041.04
6.715.20
Ameer Tech Remittance
Firm type: Money Transfer Operator
Payment instrument
Access point
Agent
Sending network coverage
Low
Receiving method
High
8.006.20
0.57
Percentage difference between market reference rate 54.31 and exchange rate charged 54.00
0.57
1.811.81
11.679.05
Ameer Tech Remittance
Firm type: Money Transfer Operator
Payment instrument
Access point
Agent
Sending network coverage
Low
Receiving method
Agent
High
5.003.88
0.57
Percentage difference between market reference rate 54.31 and exchange rate charged 54.00
0.57
1.351.35
8.716.75
MoneyGram
Firm type: Money Transfer Operator
Payment instrument
Access point
Agent
Sending network coverage
High
Receiving method
Agent
High
5.003.88
0.57
Percentage difference between market reference rate 54.31 and exchange rate charged 54.00
0.57
1.351.35
8.716.75
BOSS Mobile Money
Firm type: Money Transfer Operator
Payment instrument
Access point
Mobile phone
Sending network coverage
High
Receiving method
Agent
High
3.002.33
0.68
Percentage difference between market reference rate 54.31 and exchange rate charged 53.94
0.68
1.151.15
7.425.75
BOSS Mobile Money
Firm type: Money Transfer Operator
Payment instrument
Access point
Mobile phone
Sending network coverage
High
Receiving method
High
3.002.33
0.68
Percentage difference between market reference rate 54.31 and exchange rate charged 53.94
0.68
1.151.15
7.425.75
M1 Remit
Firm type: Money Transfer Operator
Payment instrument
Access point
Agent
Sending network coverage
High
Receiving method
High
0.000.00
0.68
Percentage difference between market reference rate 54.31 and exchange rate charged 53.94
0.68
0.680.68
4.393.40
SC Remit
Firm type: Money Transfer Operator
Payment instrument
Access point
Internet
Sending network coverage
High
Receiving method
High
0.000.00
0.81
Percentage difference between market reference rate 54.31 and exchange rate charged 53.87
0.81
0.810.81
5.224.05
Western Union
Firm type: Money Transfer Operator
Payment instrument
Access point
Agent
Sending network coverage
High
Receiving method
Agent
High
4.003.10
0.90
Percentage difference between market reference rate 54.31 and exchange rate charged 53.82
0.90
1.521.52
9.807.60
Singtel Dash
Firm type: Money Transfer Operator
Payment instrument
Access point
Mobile phone
Sending network coverage
High
Receiving method
High
2.001.55
0.94
Percentage difference between market reference rate 54.31 and exchange rate charged 53.80
0.94
1.251.25
8.066.25
Kotak Click2Remit
Firm type: Bank
Payment instrument
Access point
Internet
Sending network coverage
High
Receiving method
High
0.000.00
1.03
Percentage difference between market reference rate 54.31 and exchange rate charged 53.75
1.03
1.031.03
6.645.15
Tik FX
Firm type: Bank
Payment instrument
Access point
Internet
Sending network coverage
High
Receiving method
Agent
High
5.003.88
1.07
Percentage difference between market reference rate 54.31 and exchange rate charged 53.73
1.07
1.841.84
11.879.20
RemitGuru
Firm type: Money Transfer Operator
Payment instrument
Access point
Internet
Sending network coverage
High
Receiving method
High
2.001.55
1.27
Percentage difference between market reference rate 54.31 and exchange rate charged 53.62
1.27
1.581.58
10.197.90
WorldRemit
Firm type: Money Transfer Operator
Payment instrument
Access point
Internet
Sending network coverage
High
Receiving method
High
3.002.33
1.29
Percentage difference between market reference rate 54.31 and exchange rate charged 53.61
1.29
1.751.75
11.298.75
RemitMoney
Firm type: Bank
Payment instrument
Access point
Internet
Sending network coverage
High
Receiving method
High
0.000.00
1.33
Percentage difference between market reference rate 54.31 and exchange rate charged 53.59
1.33
1.331.33
8.586.65
SmartSend
Firm type: Bank
Payment instrument
Access point
Internet
Sending network coverage
High
Receiving method
High
0.000.00
1.36
Percentage difference between market reference rate 54.31 and exchange rate charged 53.57
1.36
1.361.36
8.776.80
DBS Remit
Firm type: Money Transfer Operator
Payment instrument
Access point
Bank branch, Call Center, Internet
Sending network coverage
High
Receiving method
High
0.000.00
1.47
Percentage difference between market reference rate 54.31 and exchange rate charged 53.51
1.47
1.471.47
9.487.35
State Bank of India
Firm type: Bank
Payment instrument
Access point
Bank branch
Sending network coverage
High
Receiving method
High
5.003.88
1.58
Percentage difference between market reference rate 54.31 and exchange rate charged 53.45
1.58
2.362.36
15.2211.80
State Bank of India
Firm type: Bank
Payment instrument
Access point
Internet
Sending network coverage
High
Receiving method
High
0.000.00
1.58
Percentage difference between market reference rate 54.31 and exchange rate charged 53.45
1.58
1.581.58
10.197.90
Indian Overseas Bank
Firm type: Bank
Payment instrument
Access point
Bank branch
Sending network coverage
Medium
Receiving method
High
5.003.88
1.58
Percentage difference between market reference rate 54.31 and exchange rate charged 53.45
1.58
2.362.36
15.2211.80
Prime Bank (Prime Exchange Co.)
Firm type: Bank
Payment instrument
Access point
Bank branch
Sending network coverage
Low
Receiving method
High
1.000.78
1.68
Percentage difference between market reference rate 54.31 and exchange rate charged 53.40
1.68
1.831.83
11.809.15
Bank of India
Firm type: Bank
Payment instrument
Access point
Bank branch
Sending network coverage
Low
Receiving method
High
5.003.88
1.68
Percentage difference between market reference rate 54.31 and exchange rate charged 53.40
1.68
2.452.45
15.8012.25
Western Union
Firm type: Money Transfer Operator
Payment instrument
Access point
Agent
Sending network coverage
High
Receiving method
Agent
High
4.003.10
1.75
Percentage difference between market reference rate 54.31 and exchange rate charged 53.36
1.75
2.372.37
15.2911.85
Western Union
Firm type: Money Transfer Operator
Payment instrument
Access point
Internet
Sending network coverage
High
Receiving method
Agent
High
0.000.00
2.14
Percentage difference between market reference rate 54.31 and exchange rate charged 53.15
2.14
2.142.14
13.8010.70
MyCash Money
Firm type: Money Transfer Operator
Payment instrument
Access point
Internet
Sending network coverage
High
Receiving method
Agent
High
5.003.88
2.78
Percentage difference between market reference rate 54.31 and exchange rate charged 52.80
2.78
3.563.56
22.9617.80
Total Average Fourth Quarter 2020
1.581.58
Total Average Third Quarter 2020
1.221.22
Total Average
Fee
2.712.10
Exchange Rate Margin (%)
1.161.16
Total Cost Percent (%)
1.581.58
Total Cost (SGD) Total Cost (USD)
10.177.88
Non-Transparent records
Bank account transfer Debit/credit card Mobile money Cash
Less than one hour Same day Next day 2 days
Bank account Cash Mobile wallet