Remittance Prices Worldwide

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Sending money from SINGAPORE to MALAYSIA

Data collected on: Feb 04, 2019
SGD | USD
Payment instrument
Access point
Sending network coverage
Receiving method
InstaReM
Payment instrument
Access point
Internet
Sending network coverage
High
Receiving method
High
0.910.70
0.39
0.39
0.740.74
1.921.48
M1 Remit
Payment instrument
Access point
Agent
Sending network coverage
High
Receiving method
High
2.001.54
0.65
0.65
1.421.42
3.692.84
SmartSend
Payment instrument
Access point
Internet
Sending network coverage
High
Receiving method
High
0.000.00
1.52
1.52
1.521.52
3.953.04
Transferwise
Payment instrument
Access point
Internet
Sending network coverage
High
Receiving method
High
3.782.91
0.30
0.30
1.751.75
4.553.50
Western Union
Payment instrument
Access point
Internet
Sending network coverage
High
Receiving method
High
0.000.00
1.91
1.91
1.911.91
4.973.82
WorldRemit
Payment instrument
Access point
Internet
Sending network coverage
High
Receiving method
High
3.002.31
0.80
0.80
1.951.95
5.073.90
Western Union
Payment instrument
Access point
Agent
Sending network coverage
High
Receiving method
High
2.001.54
1.91
1.91
2.672.67
6.945.34
All Best Enterprise
Payment instrument
Access point
Agent
Sending network coverage
Medium
Receiving method
High
10.007.69
0.49
0.49
4.334.33
11.268.66
Raffles Money Change
Payment instrument
Access point
Agent
Sending network coverage
Low
Receiving method
High
10.007.69
0.49
0.49
4.334.33
11.268.66
BKK Forex
Payment instrument
Access point
Agent
Sending network coverage
High
Receiving method
High
7.005.38
1.81
1.81
4.504.50
11.709.00
BKK Forex
Payment instrument
Access point
Agent
Sending network coverage
High
Receiving method
High
7.005.38
1.81
1.81
4.504.50
11.709.00
Mong Lee Enterprise
Payment instrument
Access point
Agent
Sending network coverage
Low
Receiving method
High
10.007.69
0.75
0.75
4.604.60
11.969.20
Haratan Servicing
Payment instrument
Access point
Agent
Sending network coverage
Low
Receiving method
High
9.006.92
1.15
1.15
4.614.61
11.999.22
JC Money Change
Payment instrument
Access point
Agent
Sending network coverage
Low
Receiving method
High
10.007.69
0.82
0.82
4.664.66
12.129.32
Mass Express
Payment instrument
Access point
Agent
Sending network coverage
Low
Receiving method
High
10.007.69
0.82
0.82
4.664.66
12.129.32
SpeedSend
Payment instrument
Access point
Agent
Sending network coverage
High
Receiving method
Medium
10.007.69
0.82
0.82
4.664.66
12.129.32
GPL Remittance
Payment instrument
Access point
Agent
Sending network coverage
Low
Receiving method
High
10.007.69
1.15
1.15
4.994.99
12.979.98
Pay2Home Remittance
Payment instrument
Access point
Agent
Sending network coverage
High
Receiving method
High
9.006.92
1.81
1.81
5.275.27
13.7010.54
Golden Dragon
Payment instrument
Access point
Agent
Sending network coverage
Low
Receiving method
High
10.007.69
1.48
1.48
5.325.32
13.8310.64
Haratan Servicing
Payment instrument
Access point
Agent
Sending network coverage
Low
Receiving method
High
13.0010.00
1.15
1.15
6.156.15
15.9912.30
Brunphil Express
Payment instrument
Access point
Agent
Sending network coverage
Low
Receiving method
High
10.007.69
2.93
2.93
6.776.77
17.6013.54
Western Union
Payment instrument
Access point
Agent
Sending network coverage
High
Receiving method
High
12.009.23
2.79
2.79
7.417.41
19.2714.82
Maybank
Payment instrument
Access point
Internet
Sending network coverage
High
Receiving method
High
15.0011.54
1.77
1.77
7.547.54
19.6015.08
Maybank
Payment instrument
Access point
Bank branch
Sending network coverage
High
Receiving method
High
40.0030.77
1.77
1.77
17.1617.16
44.6234.32
MoneyGram
Payment instrument
Access point
Agent
Sending network coverage
High
Receiving method
High
35.0026.92
5.10
5.10
18.5618.56
48.2637.12
This RSP is not transparent: the exchange rate applied to the transaction was not disclosed. The 0% in the exchange rate margin does NOT necessarily mean that there is no exchange rate cost, but rather that this cost is not disclosed to the sender at the time of sending.
DBS Remit
Payment instrument
Access point
Bank branch, Call Center, Internet
Sending network coverage
High
Receiving method
Medium
0.000.00
0.00
0.00
0.000.00
0.000.00
Total Average First Quarter
5.085.08
Total Average Fourth Quarter 2018
4.954.95
Total Average
Fee
9.577.36
Exchange Rate Margin (%)
1.401.40
Total Cost Percent (%)
5.085.08
Total Cost (SGD) Total Cost (USD)
13.2010.15
Non-Transparent records
Bank account transfer Debit/credit card Cash
Less than one hour Same day Next day 2 days
Bank account Cash Own/partner bank account
Payment instrument
Access point
Sending network coverage
Receiving method
InstaReM
Payment instrument
Access point
Internet
Sending network coverage
High
Receiving method
High
2.261.75
0.39
0.39
0.740.74
4.773.70
M1 Remit
Payment instrument
Access point
Agent
Sending network coverage
High
Receiving method
High
2.001.55
0.65
0.65
0.960.96
6.194.80
Transferwise
Payment instrument
Access point
Internet
Sending network coverage
High
Receiving method
High
5.704.42
0.30
0.30
1.181.18
7.615.90
WorldRemit
Payment instrument
Access point
Internet
Sending network coverage
High
Receiving method
High
3.002.33
0.80
0.80
1.271.27
8.196.35
SmartSend
Payment instrument
Access point
Internet
Sending network coverage
High
Receiving method
High
0.000.00
1.52
1.52
1.521.52
9.807.60
Western Union
Payment instrument
Access point
Internet
Sending network coverage
High
Receiving method
High
0.000.00
1.91
1.91
1.911.91
12.329.55
All Best Enterprise
Payment instrument
Access point
Agent
Sending network coverage
Medium
Receiving method
High
10.007.75
0.49
0.49
2.042.04
13.1610.20
Raffles Money Change
Payment instrument
Access point
Agent
Sending network coverage
Low
Receiving method
High
10.007.75
0.49
0.49
2.042.04
13.1610.20
Western Union
Payment instrument
Access point
Agent
Sending network coverage
High
Receiving method
High
2.001.55
1.91
1.91
2.222.22
14.3211.10
Mong Lee Enterprise
Payment instrument
Access point
Agent
Sending network coverage
Low
Receiving method
High
10.007.75
0.75
0.75
2.302.30
14.8411.50
JC Money Change
Payment instrument
Access point
Agent
Sending network coverage
Low
Receiving method
High
10.007.75
0.82
0.82
2.372.37
15.2911.85
Mass Express
Payment instrument
Access point
Agent
Sending network coverage
Low
Receiving method
High
10.007.75
0.82
0.82
2.372.37
15.2911.85
SpeedSend
Payment instrument
Access point
Agent
Sending network coverage
High
Receiving method
Medium
10.007.75
0.82
0.82
2.372.37
15.2911.85
Haratan Servicing
Payment instrument
Access point
Agent
Sending network coverage
Low
Receiving method
High
9.006.98
1.15
1.15
2.542.54
16.3812.70
GPL Remittance
Payment instrument
Access point
Agent
Sending network coverage
Low
Receiving method
High
10.007.75
1.15
1.15
2.702.70
17.4213.50
BKK Forex
Payment instrument
Access point
Agent
Sending network coverage
High
Receiving method
High
7.005.43
1.81
1.81
2.892.89
18.6414.45
BKK Forex
Payment instrument
Access point
Agent
Sending network coverage
High
Receiving method
High
7.005.43
1.81
1.81
2.892.89
18.6414.45
Golden Dragon
Payment instrument
Access point
Agent
Sending network coverage
Low
Receiving method
High
10.007.75
1.48
1.48
3.033.03
19.5415.15
Haratan Servicing
Payment instrument
Access point
Agent
Sending network coverage
Low
Receiving method
High
13.0010.08
1.15
1.15
3.163.16
20.3815.80
Pay2Home Remittance
Payment instrument
Access point
Agent
Sending network coverage
High
Receiving method
High
9.006.98
1.81
1.81
3.213.21
20.7016.05
Maybank
Payment instrument
Access point
Internet
Sending network coverage
High
Receiving method
High
15.0011.63
1.77
1.77
4.104.10
26.4520.50
Brunphil Express
Payment instrument
Access point
Agent
Sending network coverage
Low
Receiving method
High
10.007.75
2.93
2.93
4.484.48
28.9022.40
Western Union
Payment instrument
Access point
Agent
Sending network coverage
High
Receiving method
High
12.009.30
2.79
2.79
4.664.66
30.0623.30
Maybank
Payment instrument
Access point
Bank branch
Sending network coverage
High
Receiving method
High
40.0031.01
1.77
1.77
7.977.97
51.4139.85
MoneyGram
Payment instrument
Access point
Agent
Sending network coverage
High
Receiving method
High
55.0042.64
5.10
5.10
13.6313.63
87.9168.15
This RSP is not transparent: the exchange rate applied to the transaction was not disclosed. The 0% in the exchange rate margin does NOT necessarily mean that there is no exchange rate cost, but rather that this cost is not disclosed to the sender at the time of sending.
DBS Remit
Payment instrument
Access point
Bank branch, Call Center, Internet
Sending network coverage
High
Receiving method
Medium
0.000.00
0.00
0.00
0.000.00
0.000.00
Total Average First Quarter
3.023.02
Total Average Fourth Quarter 2018
2.712.71
Total Average
Fee
10.468.11
Exchange Rate Margin (%)
1.401.40
Total Cost Percent (%)
3.023.02
Total Cost (SGD) Total Cost (USD)
19.4915.11
Non-Transparent records
Bank account transfer Debit/credit card Cash
Less than one hour Same day Next day 2 days
Bank account Cash Own/partner bank account