Remittance Prices Worldwide

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Sending money from SINGAPORE to INDIA

Data collected on: Feb 08, 2020
SGD | USD
Payment instrument
Access point
Sending network coverage
Receiving method
State Bank of India
Firm type: Bank
Payment instrument
Access point
Internet
Sending network coverage
High
Receiving method
High
0.000.00
1.01
Percentage difference between market reference rate 51.47 and exchange rate charged 50.95
1.01
1.011.01
2.632.02
MoneyGram
Firm type: Money Transfer Operator
Payment instrument
Access point
Agent
Sending network coverage
High
Receiving method
Agent
High
3.002.31
0.35
Percentage difference between market reference rate 51.47 and exchange rate charged 51.29
0.35
1.501.50
3.903.00
Tik FX
Firm type: Bank
Payment instrument
Access point
Internet
Sending network coverage
High
Receiving method
Agent
High
5.003.85
0.89
Percentage difference between market reference rate 51.47 and exchange rate charged 51.01
0.89
2.822.82
7.335.64
Ameer Tech Remittance
Firm type: Money Transfer Operator
Payment instrument
Access point
Agent
Sending network coverage
Low
Receiving method
High
3.002.31
0.35
Percentage difference between market reference rate 51.47 and exchange rate charged 51.29
0.35
1.501.50
3.903.00
MoneyGram
Firm type: Money Transfer Operator
Payment instrument
Access point
Internet
Sending network coverage
High
Receiving method
Agent
High
0.990.76
0.84
Percentage difference between market reference rate 51.47 and exchange rate charged 51.04
0.84
1.221.22
3.172.44
Transferwise
Firm type: Money Transfer Operator
Payment instrument
Access point
Internet
Sending network coverage
High
Receiving method
High
2.081.60
1.28
Percentage difference between market reference rate 51.47 and exchange rate charged 50.81
1.28
2.082.08
5.414.16
Ameer Tech Remittance
Firm type: Money Transfer Operator
Payment instrument
Access point
Agent
Sending network coverage
Low
Receiving method
Agent
High
5.003.85
0.35
Percentage difference between market reference rate 51.47 and exchange rate charged 51.29
0.35
2.272.27
5.904.54
MoneyGram
Firm type: Money Transfer Operator
Payment instrument
Access point
Internet
Sending network coverage
High
Receiving method
High
0.990.76
0.54
Percentage difference between market reference rate 51.47 and exchange rate charged 51.19
0.54
0.920.92
2.391.84
Western Union
Firm type: Money Transfer Operator
Payment instrument
Access point
Agent
Sending network coverage
High
Receiving method
Agent
High
5.003.85
2.86
Percentage difference between market reference rate 51.47 and exchange rate charged 50.00
2.86
4.784.78
12.439.56
Bank of India
Firm type: Bank
Payment instrument
Access point
Bank branch
Sending network coverage
Low
Receiving method
High
5.003.85
0.53
Percentage difference between market reference rate 51.47 and exchange rate charged 51.20
0.53
2.452.45
6.374.90
Prime Bank (Prime Exchange Co.)
Firm type: Bank
Payment instrument
Access point
Bank branch
Sending network coverage
Low
Receiving method
High
0.000.00
0.91
Percentage difference between market reference rate 51.47 and exchange rate charged 51.00
0.91
0.910.91
2.371.82
Western Union
Firm type: Money Transfer Operator
Payment instrument
Access point
Agent
Sending network coverage
High
Receiving method
Agent
High
2.001.54
0.47
Percentage difference between market reference rate 51.47 and exchange rate charged 51.23
0.47
1.241.24
3.222.48
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 51.47 and exchange rate charged 51.39
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
1.36
Percentage difference between market reference rate 51.47 and exchange rate charged 50.77
1.36
2.132.13
5.544.26
Western Union
Firm type: Money Transfer Operator
Payment instrument
Access point
Internet
Sending network coverage
High
Receiving method
Agent
High
0.000.00
2.34
Percentage difference between market reference rate 51.47 and exchange rate charged 50.27
2.34
2.342.34
6.084.68
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 51.47 and exchange rate charged 51.39
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
1.19
Percentage difference between market reference rate 51.47 and exchange rate charged 50.86
1.19
1.191.19
3.092.38
WorldRemit
Firm type: Money Transfer Operator
Payment instrument
Access point
Internet
Sending network coverage
High
Receiving method
High
3.002.31
1.12
Percentage difference between market reference rate 51.47 and exchange rate charged 50.89
1.12
2.282.28
5.934.56
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
0.94
Percentage difference between market reference rate 51.47 and exchange rate charged 50.99
0.94
0.940.94
2.441.88
SC Remit
Firm type: Money Transfer Operator
Payment instrument
Access point
Internet
Sending network coverage
High
Receiving method
High
0.000.00
0.43
Percentage difference between market reference rate 51.47 and exchange rate charged 51.25
0.43
0.430.43
1.120.86
Xpress Money
Firm type: Money Transfer Operator
Payment instrument
Access point
Agent
Sending network coverage
High
Receiving method
Agent
High
5.003.85
1.50
Percentage difference between market reference rate 51.47 and exchange rate charged 50.70
1.50
3.423.42
8.896.84
Indian Overseas Bank
Firm type: Bank
Payment instrument
Access point
Bank branch
Sending network coverage
Medium
Receiving method
High
5.003.85
-0.33
Percentage difference between market reference rate 51.47 and exchange rate charged 51.64
-0.33
1.591.59
4.133.18
Singtel Dash
Firm type: Money Transfer Operator
Payment instrument
Access point
Mobile phone
Sending network coverage
High
Receiving method
High
3.502.69
0.52
Percentage difference between market reference rate 51.47 and exchange rate charged 51.20
0.52
1.871.87
4.863.74
InstaReM
Firm type: Money Transfer Operator
Payment instrument
Access point
Internet
Sending network coverage
High
Receiving method
High
1.991.53
0.21
Percentage difference between market reference rate 51.47 and exchange rate charged 51.36
0.21
0.980.98
2.551.96
SmartSend
Firm type: Bank
Payment instrument
Access point
Internet
Sending network coverage
High
Receiving method
High
0.000.00
1.09
Percentage difference between market reference rate 51.47 and exchange rate charged 50.91
1.09
1.091.09
2.832.18
Kotak Click2Remit
Firm type: Bank
Payment instrument
Access point
Internet
Sending network coverage
High
Receiving method
High
0.000.00
1.15
Percentage difference between market reference rate 51.47 and exchange rate charged 50.88
1.15
1.151.15
2.992.30
State Bank of India
Firm type: Bank
Payment instrument
Access point
Bank branch
Sending network coverage
High
Receiving method
High
5.003.85
1.01
Percentage difference between market reference rate 51.47 and exchange rate charged 50.95
1.01
2.932.93
7.625.86
M1 Remit
Firm type: Money Transfer Operator
Payment instrument
Access point
Agent
Sending network coverage
High
Receiving method
High
2.001.54
0.51
Percentage difference between market reference rate 51.47 and exchange rate charged 51.21
0.51
1.271.27
3.302.54
Total Average First Quarter
1.731.73
Total Average Fourth Quarter 2019
1.981.98
Total Average
Fee
2.311.77
Exchange Rate Margin (%)
0.850.85
Total Cost Percent (%)
1.731.73
Total Cost (SGD) Total Cost (USD)
4.513.47
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
State Bank of India
Firm type: Bank
Payment instrument
Access point
Internet
Sending network coverage
High
Receiving method
High
0.000.00
1.01
Percentage difference between market reference rate 51.47 and exchange rate charged 50.95
1.01
1.011.01
6.515.05
MoneyGram
Firm type: Money Transfer Operator
Payment instrument
Access point
Agent
Sending network coverage
High
Receiving method
Agent
High
5.003.88
0.35
Percentage difference between market reference rate 51.47 and exchange rate charged 51.29
0.35
1.121.12
7.225.60
Tik FX
Firm type: Bank
Payment instrument
Access point
Internet
Sending network coverage
High
Receiving method
Agent
High
5.003.88
0.89
Percentage difference between market reference rate 51.47 and exchange rate charged 51.01
0.89
1.671.67
10.778.35
Ameer Tech Remittance
Firm type: Money Transfer Operator
Payment instrument
Access point
Agent
Sending network coverage
Low
Receiving method
High
3.002.33
0.35
Percentage difference between market reference rate 51.47 and exchange rate charged 51.29
0.35
0.820.82
5.294.10
MoneyGram
Firm type: Money Transfer Operator
Payment instrument
Access point
Internet
Sending network coverage
High
Receiving method
Agent
High
0.990.77
0.84
Percentage difference between market reference rate 51.47 and exchange rate charged 51.04
0.84
0.990.99
6.394.95
Transferwise
Firm type: Money Transfer Operator
Payment instrument
Access point
Internet
Sending network coverage
High
Receiving method
High
4.393.40
1.28
Percentage difference between market reference rate 51.47 and exchange rate charged 50.81
1.28
1.961.96
12.649.80
Ameer Tech Remittance
Firm type: Money Transfer Operator
Payment instrument
Access point
Agent
Sending network coverage
Low
Receiving method
Agent
High
5.003.88
0.35
Percentage difference between market reference rate 51.47 and exchange rate charged 51.29
0.35
1.131.13
7.295.65
MoneyGram
Firm type: Money Transfer Operator
Payment instrument
Access point
Internet
Sending network coverage
High
Receiving method
High
0.990.77
0.54
Percentage difference between market reference rate 51.47 and exchange rate charged 51.19
0.54
0.690.69
4.453.45
Western Union
Firm type: Money Transfer Operator
Payment instrument
Access point
Agent
Sending network coverage
High
Receiving method
Agent
High
6.004.65
2.86
Percentage difference between market reference rate 51.47 and exchange rate charged 50.00
2.86
3.793.79
24.4518.95
Bank of India
Firm type: Bank
Payment instrument
Access point
Bank branch
Sending network coverage
Low
Receiving method
High
5.003.88
0.53
Percentage difference between market reference rate 51.47 and exchange rate charged 51.20
0.53
1.301.30
8.396.50
Prime Bank (Prime Exchange Co.)
Firm type: Bank
Payment instrument
Access point
Bank branch
Sending network coverage
Low
Receiving method
High
0.000.00
0.91
Percentage difference between market reference rate 51.47 and exchange rate charged 51.00
0.91
0.910.91
5.874.55
Western Union
Firm type: Money Transfer Operator
Payment instrument
Access point
Agent
Sending network coverage
High
Receiving method
Agent
High
2.001.55
0.47
Percentage difference between market reference rate 51.47 and exchange rate charged 51.23
0.47
0.780.78
5.033.90
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 51.47 and exchange rate charged 51.39
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
1.36
Percentage difference between market reference rate 51.47 and exchange rate charged 50.77
1.36
1.671.67
10.778.35
Western Union
Firm type: Money Transfer Operator
Payment instrument
Access point
Internet
Sending network coverage
High
Receiving method
Agent
High
0.000.00
2.34
Percentage difference between market reference rate 51.47 and exchange rate charged 50.27
2.34
2.342.34
15.0911.70
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 51.47 and exchange rate charged 51.39
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
1.19
Percentage difference between market reference rate 51.47 and exchange rate charged 50.86
1.19
1.191.19
7.685.95
WorldRemit
Firm type: Money Transfer Operator
Payment instrument
Access point
Internet
Sending network coverage
High
Receiving method
High
3.002.33
1.12
Percentage difference between market reference rate 51.47 and exchange rate charged 50.89
1.12
1.591.59
10.267.95
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
0.94
Percentage difference between market reference rate 51.47 and exchange rate charged 50.99
0.94
0.940.94
6.064.70
SC Remit
Firm type: Money Transfer Operator
Payment instrument
Access point
Internet
Sending network coverage
High
Receiving method
High
0.000.00
0.43
Percentage difference between market reference rate 51.47 and exchange rate charged 51.25
0.43
0.430.43
2.772.15
Xpress Money
Firm type: Money Transfer Operator
Payment instrument
Access point
Agent
Sending network coverage
High
Receiving method
Agent
High
10.007.75
1.50
Percentage difference between market reference rate 51.47 and exchange rate charged 50.70
1.50
3.053.05
19.6715.25
Indian Overseas Bank
Firm type: Bank
Payment instrument
Access point
Bank branch
Sending network coverage
Medium
Receiving method
High
5.003.88
-0.33
Percentage difference between market reference rate 51.47 and exchange rate charged 51.64
-0.33
0.440.44
2.842.20
Singtel Dash
Firm type: Money Transfer Operator
Payment instrument
Access point
Mobile phone
Sending network coverage
High
Receiving method
High
3.502.71
0.52
Percentage difference between market reference rate 51.47 and exchange rate charged 51.20
0.52
1.071.07
6.905.35
InstaReM
Firm type: Money Transfer Operator
Payment instrument
Access point
Internet
Sending network coverage
High
Receiving method
High
2.261.75
0.21
Percentage difference between market reference rate 51.47 and exchange rate charged 51.36
0.21
0.560.56
3.612.80
SmartSend
Firm type: Bank
Payment instrument
Access point
Internet
Sending network coverage
High
Receiving method
High
0.000.00
1.09
Percentage difference between market reference rate 51.47 and exchange rate charged 50.91
1.09
1.091.09
7.035.45
Kotak Click2Remit
Firm type: Bank
Payment instrument
Access point
Internet
Sending network coverage
High
Receiving method
High
0.000.00
1.15
Percentage difference between market reference rate 51.47 and exchange rate charged 50.88
1.15
1.151.15
7.425.75
State Bank of India
Firm type: Bank
Payment instrument
Access point
Bank branch
Sending network coverage
High
Receiving method
High
5.003.88
1.01
Percentage difference between market reference rate 51.47 and exchange rate charged 50.95
1.01
1.791.79
11.558.95
M1 Remit
Firm type: Money Transfer Operator
Payment instrument
Access point
Agent
Sending network coverage
High
Receiving method
High
2.001.55
0.51
Percentage difference between market reference rate 51.47 and exchange rate charged 51.21
0.51
0.820.82
5.294.10
Total Average First Quarter
1.261.26
Total Average Fourth Quarter 2019
1.401.40
Total Average
Fee
2.682.08
Exchange Rate Margin (%)
0.850.85
Total Cost Percent (%)
1.261.26
Total Cost (SGD) Total Cost (USD)
8.156.32
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