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Transfer money

Sending money from SINGAPORE to SRI LANKA

Data collected on: Sep 17, 2019
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 (%)
-0.03
Percentage difference between market reference rate 131.64 and exchange rate charged 131.68-0.03
Total cost (%)
0.220.22
Total cost (SGD)sort descendingTotal cost (USD)sort descending
0.570.44
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 (%)
-0.19
Percentage difference between market reference rate 131.64 and exchange rate charged 131.89-0.19
Total cost (%)
1.151.15
Total cost (SGD)sort descendingTotal cost (USD)sort descending
2.992.30
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 (%)
0.74
Percentage difference between market reference rate 131.64 and exchange rate charged 130.670.74
Total cost (%)
1.891.89
Total cost (SGD)sort descendingTotal cost (USD)sort descending
4.913.78
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 (%)
2.72
Percentage difference between market reference rate 131.64 and exchange rate charged 128.062.72
Total cost (%)
2.722.72
Total cost (SGD)sort descendingTotal cost (USD)sort descending
7.075.44
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
7.005.38
Exchange rate margin (%)
0.58
Percentage difference between market reference rate 131.64 and exchange rate charged 130.880.58
Total cost (%)
3.273.27
Total cost (SGD)sort descendingTotal cost (USD)sort descending
8.506.54
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 (%)
1.78
Percentage difference between market reference rate 131.64 and exchange rate charged 129.301.78
Total cost (%)
3.313.31
Total cost (SGD)sort descendingTotal cost (USD)sort descending
8.616.62
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
2.001.54
Exchange rate margin (%)
2.72
Percentage difference between market reference rate 131.64 and exchange rate charged 128.062.72
Total cost (%)
3.493.49
Total cost (SGD)sort descendingTotal cost (USD)sort descending
9.076.98
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
8.006.15
Exchange rate margin (%)
0.58
Percentage difference between market reference rate 131.64 and exchange rate charged 130.880.58
Total cost (%)
3.663.66
Total cost (SGD)sort descendingTotal cost (USD)sort descending
9.527.32
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
7.005.38
Exchange rate margin (%)
1.24
Percentage difference between market reference rate 131.64 and exchange rate charged 130.001.24
Total cost (%)
3.943.94
Total cost (SGD)sort descendingTotal cost (USD)sort descending
10.247.88
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
7.005.38
Exchange rate margin (%)
1.24
Percentage difference between market reference rate 131.64 and exchange rate charged 130.001.24
Total cost (%)
3.943.94
Total cost (SGD)sort descendingTotal cost (USD)sort descending
10.247.88
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 (%)
2.48
Percentage difference between market reference rate 131.64 and exchange rate charged 128.372.48
Total cost (%)
4.414.41
Total cost (SGD)sort descendingTotal cost (USD)sort descending
11.478.82
Firm
Xpress Money
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 (%)
2.95
Percentage difference between market reference rate 131.64 and exchange rate charged 127.752.95
Total cost (%)
4.884.88
Total cost (SGD)sort descendingTotal cost (USD)sort descending
12.699.76
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
8.006.15
Exchange rate margin (%)
2.60
Percentage difference between market reference rate 131.64 and exchange rate charged 128.212.60
Total cost (%)
5.685.68
Total cost (SGD)sort descendingTotal cost (USD)sort descending
14.7711.36
Firm
SpeedSend
Firm type: Money Transfer Operator
 
Payment instrument
Access point
Internet
Sending network coverage
High
Transfer speed
Receiving method
Agent
Disbursing network coverage
High
Fee
10.007.69
Exchange rate margin (%)
2.27
Percentage difference between market reference rate 131.64 and exchange rate charged 128.652.27
Total cost (%)
6.126.12
Total cost (SGD)sort descendingTotal cost (USD)sort descending
15.9112.24
Total Average Third Quarter
3.483.48
Total Average Second Quarter
2.762.76
Total Average
Fee
5.013.85
Exchange Rate Margin (%)
1.551.55
Total Cost Percent (%)
3.483.48
Total Cost (SGD) Total Cost (USD)
9.046.95
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 (%)
-0.03
Percentage difference between market reference rate 131.64 and exchange rate charged 131.68-0.03
Total cost (%)
0.220.22
Total cost (SGD)sort descendingTotal cost (USD)sort descending
1.421.10
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
6.625.13
Exchange rate margin (%)
-0.19
Percentage difference between market reference rate 131.64 and exchange rate charged 131.89-0.19
Total cost (%)
0.830.83
Total cost (SGD)sort descendingTotal cost (USD)sort descending
5.354.15
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 (%)
0.74
Percentage difference between market reference rate 131.64 and exchange rate charged 130.670.74
Total cost (%)
1.201.20
Total cost (SGD)sort descendingTotal cost (USD)sort descending
7.746.00
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
7.005.43
Exchange rate margin (%)
0.58
Percentage difference between market reference rate 131.64 and exchange rate charged 130.880.58
Total cost (%)
1.661.66
Total cost (SGD)sort descendingTotal cost (USD)sort descending
10.718.30
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
8.006.20
Exchange rate margin (%)
0.58
Percentage difference between market reference rate 131.64 and exchange rate charged 130.880.58
Total cost (%)
1.821.82
Total cost (SGD)sort descendingTotal cost (USD)sort descending
11.749.10
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 (%)
1.78
Percentage difference between market reference rate 131.64 and exchange rate charged 129.301.78
Total cost (%)
2.402.40
Total cost (SGD)sort descendingTotal cost (USD)sort descending
15.4812.00
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 (%)
2.72
Percentage difference between market reference rate 131.64 and exchange rate charged 128.062.72
Total cost (%)
2.722.72
Total cost (SGD)sort descendingTotal cost (USD)sort descending
17.5413.60
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
11.008.53
Exchange rate margin (%)
1.24
Percentage difference between market reference rate 131.64 and exchange rate charged 130.001.24
Total cost (%)
2.952.95
Total cost (SGD)sort descendingTotal cost (USD)sort descending
19.0314.75
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
11.008.53
Exchange rate margin (%)
1.24
Percentage difference between market reference rate 131.64 and exchange rate charged 130.001.24
Total cost (%)
2.952.95
Total cost (SGD)sort descendingTotal cost (USD)sort descending
19.0314.75
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
2.001.55
Exchange rate margin (%)
2.72
Percentage difference between market reference rate 131.64 and exchange rate charged 128.062.72
Total cost (%)
3.033.03
Total cost (SGD)sort descendingTotal cost (USD)sort descending
19.5415.15
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 (%)
2.48
Percentage difference between market reference rate 131.64 and exchange rate charged 128.372.48
Total cost (%)
3.263.26
Total cost (SGD)sort descendingTotal cost (USD)sort descending
21.0316.30
Firm
SpeedSend
Firm type: Money Transfer Operator
 
Payment instrument
Access point
Internet
Sending network coverage
High
Transfer speed
Receiving method
Agent
Disbursing network coverage
High
Fee
10.007.75
Exchange rate margin (%)
2.27
Percentage difference between market reference rate 131.64 and exchange rate charged 128.652.27
Total cost (%)
3.823.82
Total cost (SGD)sort descendingTotal cost (USD)sort descending
24.6419.10
Firm
Xpress Money
Firm type: Money Transfer Operator
 
Payment instrument
Access point
Agent
Sending network coverage
High
Transfer speed
Receiving method
Agent
Disbursing network coverage
High
Fee
9.006.98
Exchange rate margin (%)
2.95
Percentage difference between market reference rate 131.64 and exchange rate charged 127.752.95
Total cost (%)
4.354.35
Total cost (SGD)sort descendingTotal cost (USD)sort descending
28.0621.75
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
12.009.30
Exchange rate margin (%)
2.60
Percentage difference between market reference rate 131.64 and exchange rate charged 128.212.60
Total cost (%)
4.464.46
Total cost (SGD)sort descendingTotal cost (USD)sort descending
28.7722.30
Total Average Third Quarter
2.552.55
Total Average Second Quarter
1.821.82
Total Average
Fee
6.455.00
Exchange Rate Margin (%)
1.551.55
Total Cost Percent (%)
2.552.55
Total Cost (SGD) Total Cost (USD)
16.4312.74
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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