Remittance Prices Worldwide

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Transfer money

Sending money from SINGAPORE to SRI LANKA

Data collected on: Feb 16, 2018
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
WorldRemit
 
Payment instrument
Access point
Internet
Sending network coverage
High
Transfer speed
Receiving method
Disbursing network coverage
High
Fee
0.010.01
Exchange rate margin (%)
1.10
1.10
Total cost (%)
1.101.10
Total cost (SGD)sort descendingTotal cost (USD)sort descending
2.862.20
Firm
InstaReM
 
Payment instrument
Access point
Internet
Sending network coverage
High
Transfer speed
Receiving method
Disbursing network coverage
High
Fee
0.650.50
Exchange rate margin (%)
1.29
1.29
Total cost (%)
1.541.54
Total cost (SGD)sort descendingTotal cost (USD)sort descending
4.003.08
Firm
Transferwise
 
Payment instrument
Access point
Internet
Sending network coverage
High
Transfer speed
Receiving method
Disbursing network coverage
High
Fee
7.785.98
Exchange rate margin (%)
0.38
0.38
Total cost (%)
3.373.37
Total cost (SGD)sort descendingTotal cost (USD)sort descending
8.766.74
Firm
M1 Remit
 
Payment instrument
Access point
Agent
Sending network coverage
High
Transfer speed
Receiving method
Disbursing network coverage
High
Fee
5.003.85
Exchange rate margin (%)
1.62
1.62
Total cost (%)
3.543.54
Total cost (SGD)sort descendingTotal cost (USD)sort descending
9.207.08
Firm
Sir Money Changer
 
Payment instrument
Access point
Agent
Sending network coverage
Low
Transfer speed
Receiving method
Disbursing network coverage
Medium
Fee
7.005.38
Exchange rate margin (%)
1.14
1.14
Total cost (%)
3.833.83
Total cost (SGD)sort descendingTotal cost (USD)sort descending
9.967.66
Firm
Sir Money Changer
 
Payment instrument
Access point
Agent
Sending network coverage
Low
Transfer speed
Receiving method
Disbursing network coverage
High
Fee
7.005.38
Exchange rate margin (%)
1.14
1.14
Total cost (%)
3.833.83
Total cost (SGD)sort descendingTotal cost (USD)sort descending
9.967.66
Firm
Ameer Tech Remittance (MoneyGram)
 
Payment instrument
Access point
Agent
Sending network coverage
Low
Transfer speed
Receiving method
Disbursing network coverage
High
Fee
8.006.15
Exchange rate margin (%)
1.04
1.04
Total cost (%)
4.124.12
Total cost (SGD)sort descendingTotal cost (USD)sort descending
10.718.24
Firm
Ameer Tech Remittance (MoneyGram)
 
Payment instrument
Access point
Agent
Sending network coverage
Low
Transfer speed
Receiving method
Disbursing network coverage
High
Fee
8.006.15
Exchange rate margin (%)
1.04
1.04
Total cost (%)
4.124.12
Total cost (SGD)sort descendingTotal cost (USD)sort descending
10.718.24
Firm
Western Union
 
Payment instrument
Access point
Agent
Sending network coverage
High
Transfer speed
Receiving method
Disbursing network coverage
High
Fee
8.006.15
Exchange rate margin (%)
2.78
2.78
Total cost (%)
5.865.86
Total cost (SGD)sort descendingTotal cost (USD)sort descending
15.2411.72
Firm
State Bank of India
 
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 (%)
3.97
3.97
Total cost (%)
5.905.90
Total cost (SGD)sort descendingTotal cost (USD)sort descending
15.3411.80
Total Average First Quarter
3.723.72
Total Average Fourth Quarter 2017
2.722.72
Total Average
Fee
5.644.34
Exchange Rate Margin (%)
1.551.55
Total Cost Percent (%)
3.723.72
Total Cost (SGD) Total Cost (USD)
9.677.44
Non-Transparent records
Bank account transfer Debit/credit card Cash
Less than one hour 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
WorldRemit
 
Payment instrument
Access point
Internet
Sending network coverage
High
Transfer speed
Receiving method
Disbursing network coverage
High
Fee
0.010.01
Exchange rate margin (%)
1.10
1.10
Total cost (%)
1.101.10
Total cost (SGD)sort descendingTotal cost (USD)sort descending
7.105.50
Firm
InstaReM
 
Payment instrument
Access point
Internet
Sending network coverage
High
Transfer speed
Receiving method
Disbursing network coverage
High
Fee
1.631.26
Exchange rate margin (%)
1.29
1.29
Total cost (%)
1.541.54
Total cost (SGD)sort descendingTotal cost (USD)sort descending
9.937.70
Firm
Sir Money Changer
 
Payment instrument
Access point
Agent
Sending network coverage
Low
Transfer speed
Receiving method
Disbursing network coverage
Medium
Fee
7.005.43
Exchange rate margin (%)
1.14
1.14
Total cost (%)
2.232.23
Total cost (SGD)sort descendingTotal cost (USD)sort descending
14.3811.15
Firm
Sir Money Changer
 
Payment instrument
Access point
Agent
Sending network coverage
Low
Transfer speed
Receiving method
Disbursing network coverage
High
Fee
7.005.43
Exchange rate margin (%)
1.14
1.14
Total cost (%)
2.232.23
Total cost (SGD)sort descendingTotal cost (USD)sort descending
14.3811.15
Firm
Ameer Tech Remittance (MoneyGram)
 
Payment instrument
Access point
Agent
Sending network coverage
Low
Transfer speed
Receiving method
Disbursing network coverage
High
Fee
8.006.20
Exchange rate margin (%)
1.04
1.04
Total cost (%)
2.282.28
Total cost (SGD)sort descendingTotal cost (USD)sort descending
14.7111.40
Firm
Ameer Tech Remittance (MoneyGram)
 
Payment instrument
Access point
Agent
Sending network coverage
Low
Transfer speed
Receiving method
Disbursing network coverage
High
Fee
8.006.20
Exchange rate margin (%)
1.04
1.04
Total cost (%)
2.282.28
Total cost (SGD)sort descendingTotal cost (USD)sort descending
14.7111.40
Firm
M1 Remit
 
Payment instrument
Access point
Agent
Sending network coverage
High
Transfer speed
Receiving method
Disbursing network coverage
High
Fee
5.003.88
Exchange rate margin (%)
1.62
1.62
Total cost (%)
2.392.39
Total cost (SGD)sort descendingTotal cost (USD)sort descending
15.4211.95
Firm
Transferwise
 
Payment instrument
Access point
Internet
Sending network coverage
High
Transfer speed
Receiving method
Disbursing network coverage
High
Fee
13.5510.50
Exchange rate margin (%)
0.38
0.38
Total cost (%)
2.482.48
Total cost (SGD)sort descendingTotal cost (USD)sort descending
16.0012.40
Firm
Western Union
 
Payment instrument
Access point
Agent
Sending network coverage
High
Transfer speed
Receiving method
Disbursing network coverage
High
Fee
12.009.30
Exchange rate margin (%)
2.78
2.78
Total cost (%)
4.644.64
Total cost (SGD)sort descendingTotal cost (USD)sort descending
29.9323.20
Firm
State Bank of India
 
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 (%)
3.97
3.97
Total cost (%)
4.754.75
Total cost (SGD)sort descendingTotal cost (USD)sort descending
30.6423.75
Total Average First Quarter
2.592.59
Total Average Fourth Quarter 2017
1.591.59
Total Average
Fee
6.725.21
Exchange Rate Margin (%)
1.551.55
Total Cost Percent (%)
2.592.59
Total Cost (SGD) Total Cost (USD)
16.7212.96
Non-Transparent records
Bank account transfer Debit/credit card Cash
Less than one hour Next day 2 days 3-5 days
Bank account Cash
Least Costly Corridors To Sri Lanka
Least Costly Corridors From Singapore
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