Remittance Prices Worldwide

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Sending money from SINGAPORE to INDIA

Data collected on: May 13, 2020
SGD | USD
Payment instrument
Access point
Sending network coverage
Receiving method
BOSS Mobile Money
Firm type: Money Transfer Operator
Payment instrument
Access point
Mobile phone
Sending network coverage
High
Receiving method
High
2.501.92
0.16
Percentage difference between market reference rate 53.09 and exchange rate charged 53.01
0.16
1.121.12
2.912.24
RemitMoney
Firm type: Bank
Payment instrument
Access point
Internet
Sending network coverage
High
Receiving method
High
0.000.00
1.21
Percentage difference between market reference rate 53.09 and exchange rate charged 52.45
1.21
1.211.21
3.152.42
WorldRemit
Firm type: Money Transfer Operator
Payment instrument
Access point
Internet
Sending network coverage
High
Receiving method
High
3.002.31
1.36
Percentage difference between market reference rate 53.09 and exchange rate charged 52.37
1.36
2.522.52
6.555.04
DBS Remit
Firm type: Money Transfer Operator
Payment instrument
Access point
Bank branch, Call Center, Internet
Sending network coverage
High
Receiving method
Medium
0.000.00
1.27
Percentage difference between market reference rate 53.09 and exchange rate charged 52.42
1.27
1.271.27
3.302.54
SC Remit
Firm type: Money Transfer Operator
Payment instrument
Access point
Internet
Sending network coverage
High
Receiving method
High
0.000.00
-0.01
Percentage difference between market reference rate 53.09 and exchange rate charged 53.10
-0.01
-0.01-0.01
-0.03-0.02
Indian Overseas Bank
Firm type: Bank
Payment instrument
Access point
Bank branch
Sending network coverage
Medium
Receiving method
High
5.003.85
0.02
Percentage difference between market reference rate 53.09 and exchange rate charged 53.08
0.02
1.951.95
5.073.90
Singtel Dash
Firm type: Money Transfer Operator
Payment instrument
Access point
Mobile phone
Sending network coverage
High
Receiving method
High
3.502.69
0.36
Percentage difference between market reference rate 53.09 and exchange rate charged 52.90
0.36
1.711.71
4.453.42
InstaReM
Firm type: Money Transfer Operator
Payment instrument
Access point
Internet
Sending network coverage
High
Receiving method
High
2.491.92
0.23
Percentage difference between market reference rate 53.09 and exchange rate charged 52.97
0.23
1.191.19
3.092.38
SmartSend
Firm type: Bank
Payment instrument
Access point
Internet
Sending network coverage
High
Receiving method
High
0.000.00
0.49
Percentage difference between market reference rate 53.09 and exchange rate charged 52.83
0.49
0.490.49
1.270.98
Kotak Click2Remit
Firm type: Bank
Payment instrument
Access point
Internet
Sending network coverage
High
Receiving method
High
0.000.00
0.25
Percentage difference between market reference rate 53.09 and exchange rate charged 52.96
0.25
0.250.25
0.650.50
State Bank of India
Firm type: Bank
Payment instrument
Access point
Bank branch
Sending network coverage
High
Receiving method
High
5.003.85
1.21
Percentage difference between market reference rate 53.09 and exchange rate charged 52.45
1.21
3.133.13
8.146.26
M1 Remit
Firm type: Money Transfer Operator
Payment instrument
Access point
Agent
Sending network coverage
High
Receiving method
High
2.001.54
0.70
Percentage difference between market reference rate 53.09 and exchange rate charged 52.72
0.70
1.471.47
3.822.94
State Bank of India
Firm type: Bank
Payment instrument
Access point
Internet
Sending network coverage
High
Receiving method
High
0.000.00
1.21
Percentage difference between market reference rate 53.09 and exchange rate charged 52.45
1.21
1.211.21
3.152.42
MoneyGram
Firm type: Money Transfer Operator
Payment instrument
Access point
Agent
Sending network coverage
High
Receiving method
Agent
High
3.002.31
0.74
Percentage difference between market reference rate 53.09 and exchange rate charged 52.70
0.74
1.891.89
4.913.78
Tik FX
Firm type: Bank
Payment instrument
Access point
Internet
Sending network coverage
High
Receiving method
Agent
High
5.003.85
1.66
Percentage difference between market reference rate 53.09 and exchange rate charged 52.21
1.66
3.593.59
9.337.18
Ameer Tech Remittance
Firm type: Money Transfer Operator
Payment instrument
Access point
Agent
Sending network coverage
Low
Receiving method
High
5.003.85
0.44
Percentage difference between market reference rate 53.09 and exchange rate charged 52.86
0.44
2.362.36
6.144.72
MoneyGram
Firm type: Money Transfer Operator
Payment instrument
Access point
Internet
Sending network coverage
High
Receiving method
Agent
High
3.002.31
0.49
Percentage difference between market reference rate 53.09 and exchange rate charged 52.83
0.49
1.651.65
4.293.30
Transferwise
Firm type: Money Transfer Operator
Payment instrument
Access point
Internet
Sending network coverage
High
Receiving method
High
2.081.60
0.59
Percentage difference between market reference rate 53.09 and exchange rate charged 52.78
0.59
1.391.39
3.612.78
Ameer Tech Remittance
Firm type: Money Transfer Operator
Payment instrument
Access point
Agent
Sending network coverage
Low
Receiving method
Agent
High
8.006.15
0.44
Percentage difference between market reference rate 53.09 and exchange rate charged 52.86
0.44
3.523.52
9.157.04
MoneyGram
Firm type: Money Transfer Operator
Payment instrument
Access point
Internet
Sending network coverage
High
Receiving method
High
3.002.31
0.49
Percentage difference between market reference rate 53.09 and exchange rate charged 52.83
0.49
1.651.65
4.293.30
Western Union
Firm type: Money Transfer Operator
Payment instrument
Access point
Agent
Sending network coverage
High
Receiving method
Agent
High
0.000.00
1.61
Percentage difference between market reference rate 53.09 and exchange rate charged 52.24
1.61
1.611.61
4.193.22
Bank of India
Firm type: Bank
Payment instrument
Access point
Bank branch
Sending network coverage
Low
Receiving method
High
5.003.85
0.57
Percentage difference between market reference rate 53.09 and exchange rate charged 52.79
0.57
2.492.49
6.474.98
Prime Bank (Prime Exchange Co.)
Firm type: Bank
Payment instrument
Access point
Bank branch
Sending network coverage
Low
Receiving method
High
0.000.00
0.36
Percentage difference between market reference rate 53.09 and exchange rate charged 52.90
0.36
0.360.36
0.940.72
Western Union
Firm type: Money Transfer Operator
Payment instrument
Access point
Agent
Sending network coverage
High
Receiving method
Agent
High
0.000.00
0.46
Percentage difference between market reference rate 53.09 and exchange rate charged 52.85
0.46
0.460.46
1.200.92
BOSS Mobile Money
Firm type: Money Transfer Operator
Payment instrument
Access point
Mobile phone
Sending network coverage
High
Receiving method
Agent
High
2.501.92
0.16
Percentage difference between market reference rate 53.09 and exchange rate charged 53.01
0.16
1.121.12
2.912.24
RemitGuru
Firm type: Money Transfer Operator
Payment instrument
Access point
Internet
Sending network coverage
High
Receiving method
High
2.001.54
1.83
Percentage difference between market reference rate 53.09 and exchange rate charged 52.12
1.83
2.602.60
6.765.20
Western Union
Firm type: Money Transfer Operator
Payment instrument
Access point
Internet
Sending network coverage
High
Receiving method
Agent
High
0.000.00
2.32
Percentage difference between market reference rate 53.09 and exchange rate charged 51.86
2.32
2.322.32
6.034.64
Total Average Second Quarter
1.651.65
Total Average First Quarter
1.731.73
Total Average
Fee
2.301.77
Exchange Rate Margin (%)
0.760.76
Total Cost Percent (%)
1.651.65
Total Cost (SGD) Total Cost (USD)
4.293.30
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
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
0.27
Percentage difference between market reference rate 53.09 and exchange rate charged 52.95
0.27
0.620.62
4.003.10
SmartSend
Firm type: Bank
Payment instrument
Access point
Internet
Sending network coverage
High
Receiving method
High
0.000.00
0.49
Percentage difference between market reference rate 53.09 and exchange rate charged 52.83
0.49
0.490.49
3.162.45
Kotak Click2Remit
Firm type: Bank
Payment instrument
Access point
Internet
Sending network coverage
High
Receiving method
High
0.000.00
0.25
Percentage difference between market reference rate 53.09 and exchange rate charged 52.96
0.25
0.250.25
1.611.25
State Bank of India
Firm type: Bank
Payment instrument
Access point
Bank branch
Sending network coverage
High
Receiving method
High
5.003.88
1.21
Percentage difference between market reference rate 53.09 and exchange rate charged 52.45
1.21
1.991.99
12.849.95
M1 Remit
Firm type: Money Transfer Operator
Payment instrument
Access point
Agent
Sending network coverage
High
Receiving method
High
2.001.55
0.70
Percentage difference between market reference rate 53.09 and exchange rate charged 52.72
0.70
1.011.01
6.515.05
State Bank of India
Firm type: Bank
Payment instrument
Access point
Internet
Sending network coverage
High
Receiving method
High
0.000.00
1.21
Percentage difference between market reference rate 53.09 and exchange rate charged 52.45
1.21
1.211.21
7.806.05
MoneyGram
Firm type: Money Transfer Operator
Payment instrument
Access point
Agent
Sending network coverage
High
Receiving method
Agent
High
5.003.88
0.74
Percentage difference between market reference rate 53.09 and exchange rate charged 52.70
0.74
1.521.52
9.807.60
Tik FX
Firm type: Bank
Payment instrument
Access point
Internet
Sending network coverage
High
Receiving method
Agent
High
5.003.88
1.66
Percentage difference between market reference rate 53.09 and exchange rate charged 52.21
1.66
2.442.44
15.7412.20
Ameer Tech Remittance
Firm type: Money Transfer Operator
Payment instrument
Access point
Agent
Sending network coverage
Low
Receiving method
High
5.003.88
0.44
Percentage difference between market reference rate 53.09 and exchange rate charged 52.86
0.44
1.211.21
7.806.05
MoneyGram
Firm type: Money Transfer Operator
Payment instrument
Access point
Internet
Sending network coverage
High
Receiving method
Agent
High
3.002.33
0.49
Percentage difference between market reference rate 53.09 and exchange rate charged 52.83
0.49
0.960.96
6.194.80
Transferwise
Firm type: Money Transfer Operator
Payment instrument
Access point
Internet
Sending network coverage
High
Receiving method
High
4.343.36
0.59
Percentage difference between market reference rate 53.09 and exchange rate charged 52.78
0.59
1.261.26
8.136.30
Ameer Tech Remittance
Firm type: Money Transfer Operator
Payment instrument
Access point
Agent
Sending network coverage
Low
Receiving method
Agent
High
8.006.20
0.44
Percentage difference between market reference rate 53.09 and exchange rate charged 52.86
0.44
1.681.68
10.848.40
MoneyGram
Firm type: Money Transfer Operator
Payment instrument
Access point
Internet
Sending network coverage
High
Receiving method
High
3.002.33
0.49
Percentage difference between market reference rate 53.09 and exchange rate charged 52.83
0.49
0.960.96
6.194.80
Western Union
Firm type: Money Transfer Operator
Payment instrument
Access point
Agent
Sending network coverage
High
Receiving method
Agent
High
0.000.00
0.48
Percentage difference between market reference rate 53.09 and exchange rate charged 52.84
0.48
0.480.48
3.102.40
Bank of India
Firm type: Bank
Payment instrument
Access point
Bank branch
Sending network coverage
Low
Receiving method
High
5.003.88
0.57
Percentage difference between market reference rate 53.09 and exchange rate charged 52.79
0.57
1.351.35
8.716.75
Prime Bank (Prime Exchange Co.)
Firm type: Bank
Payment instrument
Access point
Bank branch
Sending network coverage
Low
Receiving method
High
0.000.00
0.36
Percentage difference between market reference rate 53.09 and exchange rate charged 52.90
0.36
0.360.36
2.321.80
Western Union
Firm type: Money Transfer Operator
Payment instrument
Access point
Agent
Sending network coverage
High
Receiving method
Agent
High
0.000.00
0.46
Percentage difference between market reference rate 53.09 and exchange rate charged 52.85
0.46
0.460.46
2.972.30
BOSS Mobile Money
Firm type: Money Transfer Operator
Payment instrument
Access point
Mobile phone
Sending network coverage
High
Receiving method
Agent
High
2.501.94
0.16
Percentage difference between market reference rate 53.09 and exchange rate charged 53.01
0.16
0.540.54
3.482.70
RemitGuru
Firm type: Money Transfer Operator
Payment instrument
Access point
Internet
Sending network coverage
High
Receiving method
High
2.001.55
1.83
Percentage difference between market reference rate 53.09 and exchange rate charged 52.12
1.83
2.142.14
13.8010.70
Western Union
Firm type: Money Transfer Operator
Payment instrument
Access point
Internet
Sending network coverage
High
Receiving method
Agent
High
0.000.00
2.32
Percentage difference between market reference rate 53.09 and exchange rate charged 51.86
2.32
2.322.32
14.9611.60
BOSS Mobile Money
Firm type: Money Transfer Operator
Payment instrument
Access point
Mobile phone
Sending network coverage
High
Receiving method
High
2.501.94
0.16
Percentage difference between market reference rate 53.09 and exchange rate charged 53.01
0.16
0.540.54
3.482.70
RemitMoney
Firm type: Bank
Payment instrument
Access point
Internet
Sending network coverage
High
Receiving method
High
0.000.00
1.21
Percentage difference between market reference rate 53.09 and exchange rate charged 52.45
1.21
1.211.21
7.806.05
WorldRemit
Firm type: Money Transfer Operator
Payment instrument
Access point
Internet
Sending network coverage
High
Receiving method
High
3.002.33
1.36
Percentage difference between market reference rate 53.09 and exchange rate charged 52.37
1.36
1.831.83
11.809.15
DBS Remit
Firm type: Money Transfer Operator
Payment instrument
Access point
Bank branch, Call Center, Internet
Sending network coverage
High
Receiving method
Medium
0.000.00
1.27
Percentage difference between market reference rate 53.09 and exchange rate charged 52.42
1.27
1.271.27
8.196.35
SC Remit
Firm type: Money Transfer Operator
Payment instrument
Access point
Internet
Sending network coverage
High
Receiving method
High
0.000.00
-0.01
Percentage difference between market reference rate 53.09 and exchange rate charged 53.10
-0.01
-0.01-0.01
-0.06-0.05
Indian Overseas Bank
Firm type: Bank
Payment instrument
Access point
Bank branch
Sending network coverage
Medium
Receiving method
High
5.003.88
0.02
Percentage difference between market reference rate 53.09 and exchange rate charged 53.08
0.02
0.800.80
5.164.00
Singtel Dash
Firm type: Money Transfer Operator
Payment instrument
Access point
Mobile phone
Sending network coverage
High
Receiving method
High
3.502.71
0.36
Percentage difference between market reference rate 53.09 and exchange rate charged 52.90
0.36
0.910.91
5.874.55
Total Average Second Quarter
1.101.10
Total Average First Quarter
1.261.26
Total Average
Fee
2.451.90
Exchange Rate Margin (%)
0.720.72
Total Cost Percent (%)
1.101.10
Total Cost (SGD) Total Cost (USD)
7.125.52
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