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Transfer money

Sending money from SINGAPORE to SRI LANKA

Data collected on: May 12, 2020
SGD | USD
Firm
Payment instrument
Access point
Sending network coverage
Transfer speed
Receiving method
Disbursing network coverage
Fee
Exchange rate margin (%)
Total cost (%)
Total cost (SGD)sort descendingTotal cost (USD)sort descending
Firm
InstaReM
Firm type: Money Transfer Operator
 
Payment instrument
Access point
Internet
Sending network coverage
High
Transfer speed
Receiving method
Disbursing network coverage
High
Fee
0.650.50
Exchange rate margin (%)
0.11
Percentage difference between market reference rate 132.93 and exchange rate charged 132.780.11
Total cost (%)
0.360.36
Total cost (SGD)sort descendingTotal cost (USD)sort descending
0.940.72
Firm
Transferwise
Firm type: Money Transfer Operator
 
Payment instrument
Access point
Internet
Sending network coverage
High
Transfer speed
Receiving method
Disbursing network coverage
High
Fee
3.492.68
Exchange rate margin (%)
-0.01
Percentage difference between market reference rate 132.93 and exchange rate charged 132.94-0.01
Total cost (%)
1.331.33
Total cost (SGD)sort descendingTotal cost (USD)sort descending
3.462.66
Firm
WorldRemit
Firm type: Money Transfer Operator
 
Payment instrument
Access point
Internet
Sending network coverage
High
Transfer speed
Receiving method
Agent
Disbursing network coverage
High
Fee
3.002.31
Exchange rate margin (%)
0.63
Percentage difference between market reference rate 132.93 and exchange rate charged 132.090.63
Total cost (%)
1.791.79
Total cost (SGD)sort descendingTotal cost (USD)sort descending
4.653.58
Firm
MoneyGram
Firm type: Money Transfer Operator
 
Payment instrument
Access point
Internet
Sending network coverage
High
Transfer speed
Receiving method
Agent
Disbursing network coverage
High
Fee
3.002.31
Exchange rate margin (%)
0.94
Percentage difference between market reference rate 132.93 and exchange rate charged 131.680.94
Total cost (%)
2.092.09
Total cost (SGD)sort descendingTotal cost (USD)sort descending
5.434.18
Firm
State Bank of India
Firm type: Bank
 
Payment instrument
Access point
Bank branch
Sending network coverage
High
Transfer speed
Receiving method
Disbursing network coverage
High
Fee
5.003.85
Exchange rate margin (%)
0.89
Percentage difference between market reference rate 132.93 and exchange rate charged 131.750.89
Total cost (%)
2.812.81
Total cost (SGD)sort descendingTotal cost (USD)sort descending
7.315.62
Firm
MoneyGram
Firm type: Money Transfer Operator
 
Payment instrument
Access point
Agent
Sending network coverage
High
Transfer speed
Receiving method
Agent
Disbursing network coverage
High
Fee
5.003.85
Exchange rate margin (%)
0.89
Percentage difference between market reference rate 132.93 and exchange rate charged 131.750.89
Total cost (%)
2.812.81
Total cost (SGD)sort descendingTotal cost (USD)sort descending
7.315.62
Firm
M1 Remit
Firm type: Money Transfer Operator
 
Payment instrument
Access point
Agent
Sending network coverage
High
Transfer speed
Receiving method
Agent
Disbursing network coverage
High
Fee
4.003.08
Exchange rate margin (%)
1.30
Percentage difference between market reference rate 132.93 and exchange rate charged 131.201.30
Total cost (%)
2.842.84
Total cost (SGD)sort descendingTotal cost (USD)sort descending
7.385.68
Firm
Western Union
Firm type: Money Transfer Operator
 
Payment instrument
Access point
Agent
Sending network coverage
High
Transfer speed
Receiving method
Agent
Disbursing network coverage
High
Fee
0.000.00
Exchange rate margin (%)
2.93
Percentage difference between market reference rate 132.93 and exchange rate charged 129.042.93
Total cost (%)
2.932.93
Total cost (SGD)sort descendingTotal cost (USD)sort descending
7.625.86
Firm
Sir Money Changer
Firm type: Money Transfer Operator
 
Payment instrument
Access point
Agent
Sending network coverage
Low
Transfer speed
Receiving method
Agent
Disbursing network coverage
Medium
Fee
5.003.85
Exchange rate margin (%)
1.04
Percentage difference between market reference rate 132.93 and exchange rate charged 131.551.04
Total cost (%)
2.962.96
Total cost (SGD)sort descendingTotal cost (USD)sort descending
7.705.92
Firm
Western Union
Firm type: Money Transfer Operator
 
Payment instrument
Access point
Agent
Sending network coverage
High
Transfer speed
Receiving method
Agent
Disbursing network coverage
High
Fee
0.000.00
Exchange rate margin (%)
3.01
Percentage difference between market reference rate 132.93 and exchange rate charged 128.933.01
Total cost (%)
3.013.01
Total cost (SGD)sort descendingTotal cost (USD)sort descending
7.836.02
Firm
Ameer Tech Remittance (MoneyGram)
Firm type: Money Transfer Operator
 
Payment instrument
Access point
Agent
Sending network coverage
Low
Transfer speed
Receiving method
Disbursing network coverage
High
Fee
7.005.38
Exchange rate margin (%)
0.89
Percentage difference between market reference rate 132.93 and exchange rate charged 131.750.89
Total cost (%)
3.583.58
Total cost (SGD)sort descendingTotal cost (USD)sort descending
9.317.16
Firm
Tik FX
Firm type: Bank
 
Payment instrument
Access point
Internet
Sending network coverage
High
Transfer speed
Receiving method
Agent
Disbursing network coverage
High
Fee
5.003.85
Exchange rate margin (%)
1.88
Percentage difference between market reference rate 132.93 and exchange rate charged 130.431.88
Total cost (%)
3.803.80
Total cost (SGD)sort descendingTotal cost (USD)sort descending
9.887.60
Firm
Ameer Tech Remittance (MoneyGram)
Firm type: Money Transfer Operator
 
Payment instrument
Access point
Agent
Sending network coverage
Low
Transfer speed
Receiving method
Agent
Disbursing network coverage
High
Fee
8.006.15
Exchange rate margin (%)
0.89
Percentage difference between market reference rate 132.93 and exchange rate charged 131.750.89
Total cost (%)
3.963.96
Total cost (SGD)sort descendingTotal cost (USD)sort descending
10.307.92
Firm
Western Union
Firm type: Money Transfer Operator
 
Payment instrument
Access point
Internet
Sending network coverage
High
Transfer speed
Receiving method
Agent
Disbursing network coverage
High
Fee
0.000.00
Exchange rate margin (%)
5.02
Percentage difference between market reference rate 132.93 and exchange rate charged 126.265.02
Total cost (%)
5.025.02
Total cost (SGD)sort descendingTotal cost (USD)sort descending
13.0510.04
Total Average Second Quarter
2.812.81
Total Average First Quarter
2.762.76
Total Average
Fee
3.512.70
Exchange Rate Margin (%)
1.461.46
Total Cost Percent (%)
2.812.81
Total Cost (SGD) Total Cost (USD)
7.305.61
Non-Transparent records
Bank account transfer Debit/credit card Cash
Less than one hour Same day Next day 2 days 3-5 days
Bank account Cash
Firm
Payment instrument
Access point
Sending network coverage
Transfer speed
Receiving method
Disbursing network coverage
Fee
Exchange rate margin (%)
Total cost (%)
Total cost (SGD)sort descendingTotal cost (USD)sort descending
Firm
InstaReM
Firm type: Money Transfer Operator
 
Payment instrument
Access point
Internet
Sending network coverage
High
Transfer speed
Receiving method
Disbursing network coverage
High
Fee
1.611.25
Exchange rate margin (%)
0.11
Percentage difference between market reference rate 132.93 and exchange rate charged 132.780.11
Total cost (%)
0.360.36
Total cost (SGD)sort descendingTotal cost (USD)sort descending
2.321.80
Firm
Transferwise
Firm type: Money Transfer Operator
 
Payment instrument
Access point
Internet
Sending network coverage
High
Transfer speed
Receiving method
Disbursing network coverage
High
Fee
6.585.10
Exchange rate margin (%)
-0.01
Percentage difference between market reference rate 132.93 and exchange rate charged 132.94-0.01
Total cost (%)
1.011.01
Total cost (SGD)sort descendingTotal cost (USD)sort descending
6.515.05
Firm
WorldRemit
Firm type: Money Transfer Operator
 
Payment instrument
Access point
Internet
Sending network coverage
High
Transfer speed
Receiving method
Agent
Disbursing network coverage
High
Fee
3.002.33
Exchange rate margin (%)
0.63
Percentage difference between market reference rate 132.93 and exchange rate charged 132.090.63
Total cost (%)
1.101.10
Total cost (SGD)sort descendingTotal cost (USD)sort descending
7.105.50
Firm
MoneyGram
Firm type: Money Transfer Operator
 
Payment instrument
Access point
Internet
Sending network coverage
High
Transfer speed
Receiving method
Agent
Disbursing network coverage
High
Fee
3.002.33
Exchange rate margin (%)
0.94
Percentage difference between market reference rate 132.93 and exchange rate charged 131.680.94
Total cost (%)
1.401.40
Total cost (SGD)sort descendingTotal cost (USD)sort descending
9.037.00
Firm
State Bank of India
Firm type: Bank
 
Payment instrument
Access point
Bank branch
Sending network coverage
High
Transfer speed
Receiving method
Disbursing network coverage
High
Fee
5.003.88
Exchange rate margin (%)
0.89
Percentage difference between market reference rate 132.93 and exchange rate charged 131.750.89
Total cost (%)
1.661.66
Total cost (SGD)sort descendingTotal cost (USD)sort descending
10.718.30
Firm
M1 Remit
Firm type: Money Transfer Operator
 
Payment instrument
Access point
Agent
Sending network coverage
High
Transfer speed
Receiving method
Agent
Disbursing network coverage
High
Fee
4.003.10
Exchange rate margin (%)
1.30
Percentage difference between market reference rate 132.93 and exchange rate charged 131.201.30
Total cost (%)
1.921.92
Total cost (SGD)sort descendingTotal cost (USD)sort descending
12.389.60
Firm
MoneyGram
Firm type: Money Transfer Operator
 
Payment instrument
Access point
Agent
Sending network coverage
High
Transfer speed
Receiving method
Agent
Disbursing network coverage
High
Fee
7.005.43
Exchange rate margin (%)
0.89
Percentage difference between market reference rate 132.93 and exchange rate charged 131.750.89
Total cost (%)
1.971.97
Total cost (SGD)sort descendingTotal cost (USD)sort descending
12.719.85
Firm
Ameer Tech Remittance (MoneyGram)
Firm type: Money Transfer Operator
 
Payment instrument
Access point
Agent
Sending network coverage
Low
Transfer speed
Receiving method
Disbursing network coverage
High
Fee
7.005.43
Exchange rate margin (%)
0.89
Percentage difference between market reference rate 132.93 and exchange rate charged 131.750.89
Total cost (%)
1.971.97
Total cost (SGD)sort descendingTotal cost (USD)sort descending
12.719.85
Firm
Sir Money Changer
Firm type: Money Transfer Operator
 
Payment instrument
Access point
Agent
Sending network coverage
Low
Transfer speed
Receiving method
Agent
Disbursing network coverage
Medium
Fee
7.005.43
Exchange rate margin (%)
1.04
Percentage difference between market reference rate 132.93 and exchange rate charged 131.551.04
Total cost (%)
2.122.12
Total cost (SGD)sort descendingTotal cost (USD)sort descending
13.6710.60
Firm
Ameer Tech Remittance (MoneyGram)
Firm type: Money Transfer Operator
 
Payment instrument
Access point
Agent
Sending network coverage
Low
Transfer speed
Receiving method
Agent
Disbursing network coverage
High
Fee
8.006.20
Exchange rate margin (%)
0.89
Percentage difference between market reference rate 132.93 and exchange rate charged 131.750.89
Total cost (%)
2.132.13
Total cost (SGD)sort descendingTotal cost (USD)sort descending
13.7410.65
Firm
Tik FX
Firm type: Bank
 
Payment instrument
Access point
Internet
Sending network coverage
High
Transfer speed
Receiving method
Agent
Disbursing network coverage
High
Fee
5.003.88
Exchange rate margin (%)
1.88
Percentage difference between market reference rate 132.93 and exchange rate charged 130.431.88
Total cost (%)
2.662.66
Total cost (SGD)sort descendingTotal cost (USD)sort descending
17.1613.30
Firm
Western Union
Firm type: Money Transfer Operator
 
Payment instrument
Access point
Agent
Sending network coverage
High
Transfer speed
Receiving method
Agent
Disbursing network coverage
High
Fee
0.000.00
Exchange rate margin (%)
2.93
Percentage difference between market reference rate 132.93 and exchange rate charged 129.042.93
Total cost (%)
2.932.93
Total cost (SGD)sort descendingTotal cost (USD)sort descending
18.9014.65
Firm
Western Union
Firm type: Money Transfer Operator
 
Payment instrument
Access point
Agent
Sending network coverage
High
Transfer speed
Receiving method
Agent
Disbursing network coverage
High
Fee
0.000.00
Exchange rate margin (%)
3.01
Percentage difference between market reference rate 132.93 and exchange rate charged 128.933.01
Total cost (%)
3.013.01
Total cost (SGD)sort descendingTotal cost (USD)sort descending
19.4115.05
Firm
Western Union
Firm type: Money Transfer Operator
 
Payment instrument
Access point
Internet
Sending network coverage
High
Transfer speed
Receiving method
Agent
Disbursing network coverage
High
Fee
0.000.00
Exchange rate margin (%)
5.02
Percentage difference between market reference rate 132.93 and exchange rate charged 126.265.02
Total cost (%)
5.025.02
Total cost (SGD)sort descendingTotal cost (USD)sort descending
32.3825.10
Total Average Second Quarter
2.092.09
Total Average First Quarter
1.881.88
Total Average
Fee
4.093.17
Exchange Rate Margin (%)
1.461.46
Total Cost Percent (%)
2.092.09
Total Cost (SGD) Total Cost (USD)
13.4810.45
Non-Transparent records
Bank account transfer Debit/credit card Cash
Less than one hour Same day Next day 2 days 3-5 days
Bank account Cash
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