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Transfer money

Sending money from SINGAPORE to SRI LANKA

Data collected on: May 06, 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 (%)
-0.68
Percentage difference between market reference rate 129.14 and exchange rate charged 130.02-0.68
Total cost (%)
-0.43-0.43
Total cost (SGD)sort descendingTotal cost (USD)sort descending
-1.12-0.86
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
4.113.16
Exchange rate margin (%)
-0.81
Percentage difference between market reference rate 129.14 and exchange rate charged 130.18-0.81
Total cost (%)
0.780.78
Total cost (SGD)sort descendingTotal cost (USD)sort descending
2.031.56
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 (%)
0.17
Percentage difference between market reference rate 129.14 and exchange rate charged 128.910.17
Total cost (%)
1.331.33
Total cost (SGD)sort descendingTotal cost (USD)sort descending
3.462.66
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 (%)
1.63
Percentage difference between market reference rate 129.14 and exchange rate charged 127.031.63
Total cost (%)
1.631.63
Total cost (SGD)sort descendingTotal cost (USD)sort descending
4.243.26
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 (%)
0.49
Percentage difference between market reference rate 129.14 and exchange rate charged 128.500.49
Total cost (%)
2.032.03
Total cost (SGD)sort descendingTotal cost (USD)sort descending
5.284.06
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 (%)
1.63
Percentage difference between market reference rate 129.14 and exchange rate charged 127.031.63
Total cost (%)
2.402.40
Total cost (SGD)sort descendingTotal cost (USD)sort descending
6.244.80
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 (%)
0.08
Percentage difference between market reference rate 129.14 and exchange rate charged 129.030.08
Total cost (%)
2.772.77
Total cost (SGD)sort descendingTotal cost (USD)sort descending
7.205.54
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 (%)
0.11
Percentage difference between market reference rate 129.14 and exchange rate charged 129.000.11
Total cost (%)
2.802.80
Total cost (SGD)sort descendingTotal cost (USD)sort descending
7.285.60
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 (%)
0.11
Percentage difference between market reference rate 129.14 and exchange rate charged 129.000.11
Total cost (%)
2.802.80
Total cost (SGD)sort descendingTotal cost (USD)sort descending
7.285.60
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 (%)
1.18
Percentage difference between market reference rate 129.14 and exchange rate charged 127.611.18
Total cost (%)
3.103.10
Total cost (SGD)sort descendingTotal cost (USD)sort descending
8.066.20
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 (%)
0.08
Percentage difference between market reference rate 129.14 and exchange rate charged 129.030.08
Total cost (%)
3.163.16
Total cost (SGD)sort descendingTotal cost (USD)sort descending
8.226.32
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 (%)
1.51
Percentage difference between market reference rate 129.14 and exchange rate charged 127.181.51
Total cost (%)
4.594.59
Total cost (SGD)sort descendingTotal cost (USD)sort descending
11.939.18
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 (%)
1.05
Percentage difference between market reference rate 129.14 and exchange rate charged 127.781.05
Total cost (%)
4.904.90
Total cost (SGD)sort descendingTotal cost (USD)sort descending
12.749.80
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 (%)
4.90
Percentage difference between market reference rate 129.14 and exchange rate charged 122.814.90
Total cost (%)
6.826.82
Total cost (SGD)sort descendingTotal cost (USD)sort descending
17.7313.64
Total Average Second Quarter
2.762.76
Total Average First Quarter
2.722.72
Total Average
Fee
5.053.89
Exchange Rate Margin (%)
0.820.82
Total Cost Percent (%)
2.762.76
Total Cost (SGD) Total Cost (USD)
7.185.53
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 (%)
-0.68
Percentage difference between market reference rate 129.14 and exchange rate charged 130.02-0.68
Total cost (%)
-0.43-0.43
Total cost (SGD)sort descendingTotal cost (USD)sort descending
-2.77-2.15
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
6.905.35
Exchange rate margin (%)
-0.81
Percentage difference between market reference rate 129.14 and exchange rate charged 130.18-0.81
Total cost (%)
0.260.26
Total cost (SGD)sort descendingTotal cost (USD)sort descending
1.681.30
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
3.002.33
Exchange rate margin (%)
0.17
Percentage difference between market reference rate 129.14 and exchange rate charged 128.910.17
Total cost (%)
0.640.64
Total cost (SGD)sort descendingTotal cost (USD)sort descending
4.133.20
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 (%)
0.49
Percentage difference between market reference rate 129.14 and exchange rate charged 128.500.49
Total cost (%)
1.111.11
Total cost (SGD)sort descendingTotal cost (USD)sort descending
7.165.55
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 (%)
0.08
Percentage difference between market reference rate 129.14 and exchange rate charged 129.030.08
Total cost (%)
1.171.17
Total cost (SGD)sort descendingTotal cost (USD)sort descending
7.555.85
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
8.006.20
Exchange rate margin (%)
0.08
Percentage difference between market reference rate 129.14 and exchange rate charged 129.030.08
Total cost (%)
1.321.32
Total cost (SGD)sort descendingTotal cost (USD)sort descending
8.516.60
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 (%)
1.63
Percentage difference between market reference rate 129.14 and exchange rate charged 127.031.63
Total cost (%)
1.631.63
Total cost (SGD)sort descendingTotal cost (USD)sort descending
10.518.15
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 (%)
0.11
Percentage difference between market reference rate 129.14 and exchange rate charged 129.000.11
Total cost (%)
1.811.81
Total cost (SGD)sort descendingTotal cost (USD)sort descending
11.679.05
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 (%)
0.11
Percentage difference between market reference rate 129.14 and exchange rate charged 129.000.11
Total cost (%)
1.811.81
Total cost (SGD)sort descendingTotal cost (USD)sort descending
11.679.05
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 (%)
1.63
Percentage difference between market reference rate 129.14 and exchange rate charged 127.031.63
Total cost (%)
1.941.94
Total cost (SGD)sort descendingTotal cost (USD)sort descending
12.519.70
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 (%)
1.18
Percentage difference between market reference rate 129.14 and exchange rate charged 127.611.18
Total cost (%)
1.961.96
Total cost (SGD)sort descendingTotal cost (USD)sort descending
12.649.80
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 (%)
1.05
Percentage difference between market reference rate 129.14 and exchange rate charged 127.781.05
Total cost (%)
2.602.60
Total cost (SGD)sort descendingTotal cost (USD)sort descending
16.7713.00
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 (%)
1.51
Percentage difference between market reference rate 129.14 and exchange rate charged 127.181.51
Total cost (%)
3.373.37
Total cost (SGD)sort descendingTotal cost (USD)sort descending
21.7416.85
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 (%)
4.90
Percentage difference between market reference rate 129.14 and exchange rate charged 122.814.90
Total cost (%)
6.296.29
Total cost (SGD)sort descendingTotal cost (USD)sort descending
40.5731.45
Total Average Second Quarter
1.821.82
Total Average First Quarter
1.751.75
Total Average
Fee
6.475.01
Exchange Rate Margin (%)
0.820.82
Total Cost Percent (%)
1.821.82
Total Cost (SGD) Total Cost (USD)
11.749.10
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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