Remittance Prices Worldwide

MAKING MARKETS MORE TRANSPARENT

From SGSingapore you can also send money to

Sending money from SINGAPORE to SRI LANKA

Data collected on: Feb 08, 2020
SGD | USD
Payment instrument
Access point
Sending network coverage
Receiving method
InstaReM
Firm type: Money Transfer Operator
Payment instrument
Access point
Internet
Sending network coverage
High
Receiving method
High
0.650.50
0.05
Percentage difference between market reference rate 130.59 and exchange rate charged 130.53
0.05
0.300.30
0.780.60
MoneyGram
Firm type: Money Transfer Operator
Payment instrument
Access point
Internet
Sending network coverage
High
Receiving method
Agent
High
0.990.76
0.70
Percentage difference between market reference rate 130.59 and exchange rate charged 129.67
0.70
1.081.08
2.812.16
Transferwise
Firm type: Money Transfer Operator
Payment instrument
Access point
Internet
Sending network coverage
High
Receiving method
High
3.492.68
-0.07
Percentage difference between market reference rate 130.59 and exchange rate charged 130.68
-0.07
1.271.27
3.302.54
WorldRemit
Firm type: Money Transfer Operator
Payment instrument
Access point
Internet
Sending network coverage
High
Receiving method
Agent
High
3.002.31
0.75
Percentage difference between market reference rate 130.59 and exchange rate charged 129.62
0.75
1.901.90
4.943.80
M1 Remit
Firm type: Money Transfer Operator
Payment instrument
Access point
Agent
Sending network coverage
High
Receiving method
Agent
High
4.003.08
0.50
Percentage difference between market reference rate 130.59 and exchange rate charged 129.93
0.50
2.042.04
5.304.08
Sir Money Changer
Firm type: Money Transfer Operator
Payment instrument
Access point
Agent
Sending network coverage
Low
Receiving method
Agent
Medium
5.003.85
0.60
Percentage difference between market reference rate 130.59 and exchange rate charged 129.80
0.60
2.522.52
6.555.04
MoneyGram
Firm type: Money Transfer Operator
Payment instrument
Access point
Agent
Sending network coverage
High
Receiving method
Agent
High
5.003.85
0.67
Percentage difference between market reference rate 130.59 and exchange rate charged 129.71
0.67
2.592.59
6.735.18
Xpress Money
Firm type: Money Transfer Operator
Payment instrument
Access point
Agent
Sending network coverage
High
Receiving method
Agent
High
5.003.85
0.69
Percentage difference between market reference rate 130.59 and exchange rate charged 129.69
0.69
2.612.61
6.795.22
Ameer Tech Remittance (MoneyGram)
Firm type: Money Transfer Operator
Payment instrument
Access point
Agent
Sending network coverage
Low
Receiving method
High
7.005.38
0.29
Percentage difference between market reference rate 130.59 and exchange rate charged 130.20
0.29
2.992.99
7.775.98
Tik FX
Firm type: Bank
Payment instrument
Access point
Internet
Sending network coverage
High
Receiving method
Agent
High
5.003.85
1.24
Percentage difference between market reference rate 130.59 and exchange rate charged 128.96
1.24
3.173.17
8.246.34
Western Union
Firm type: Money Transfer Operator
Payment instrument
Access point
Agent
Sending network coverage
High
Receiving method
Agent
High
2.001.54
2.45
Percentage difference between market reference rate 130.59 and exchange rate charged 127.39
2.45
3.223.22
8.376.44
Ameer Tech Remittance (MoneyGram)
Firm type: Money Transfer Operator
Payment instrument
Access point
Agent
Sending network coverage
Low
Receiving method
Agent
High
8.006.15
0.29
Percentage difference between market reference rate 130.59 and exchange rate charged 130.20
0.29
3.373.37
8.766.74
State Bank of India
Firm type: Bank
Payment instrument
Access point
Bank branch
Sending network coverage
High
Receiving method
High
5.003.85
1.70
Percentage difference between market reference rate 130.59 and exchange rate charged 128.36
1.70
3.633.63
9.447.26
Western Union
Firm type: Money Transfer Operator
Payment instrument
Access point
Internet
Sending network coverage
High
Receiving method
Agent
High
0.000.00
4.47
Percentage difference between market reference rate 130.59 and exchange rate charged 124.75
4.47
4.474.47
11.628.94
Western Union
Firm type: Money Transfer Operator
Payment instrument
Access point
Agent
Sending network coverage
High
Receiving method
Agent
High
8.006.15
2.06
Percentage difference between market reference rate 130.59 and exchange rate charged 127.90
2.06
5.145.14
13.3610.28
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.
SpeedSend
Firm type: Money Transfer Operator
Payment instrument
Access point
Internet
Sending network coverage
High
Receiving method
Agent
High
10.007.69
0.00
Percentage difference between market reference rate 1.00 and exchange rate charged 1.00
0.00
3.853.85
10.017.70
Total Average First Quarter
2.762.76
Total Average Fourth Quarter 2019
3.173.17
Total Average
Fee
4.513.47
Exchange Rate Margin (%)
1.021.02
Total Cost Percent (%)
2.762.76
Total Cost (SGD) Total Cost (USD)
7.175.52
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
Payment instrument
Access point
Sending network coverage
Receiving method
InstaReM
Firm type: Money Transfer Operator
Payment instrument
Access point
Internet
Sending network coverage
High
Receiving method
High
1.611.25
0.05
Percentage difference between market reference rate 130.59 and exchange rate charged 130.53
0.05
0.300.30
1.941.50
MoneyGram
Firm type: Money Transfer Operator
Payment instrument
Access point
Internet
Sending network coverage
High
Receiving method
Agent
High
0.990.77
0.70
Percentage difference between market reference rate 130.59 and exchange rate charged 129.67
0.70
0.850.85
5.484.25
Transferwise
Firm type: Money Transfer Operator
Payment instrument
Access point
Internet
Sending network coverage
High
Receiving method
High
6.585.10
-0.07
Percentage difference between market reference rate 130.59 and exchange rate charged 130.68
-0.07
0.950.95
6.134.75
M1 Remit
Firm type: Money Transfer Operator
Payment instrument
Access point
Agent
Sending network coverage
High
Receiving method
Agent
High
4.003.10
0.50
Percentage difference between market reference rate 130.59 and exchange rate charged 129.93
0.50
1.121.12
7.225.60
WorldRemit
Firm type: Money Transfer Operator
Payment instrument
Access point
Internet
Sending network coverage
High
Receiving method
Agent
High
3.002.33
0.75
Percentage difference between market reference rate 130.59 and exchange rate charged 129.62
0.75
1.211.21
7.806.05
Ameer Tech Remittance (MoneyGram)
Firm type: Money Transfer Operator
Payment instrument
Access point
Agent
Sending network coverage
Low
Receiving method
High
7.005.43
0.29
Percentage difference between market reference rate 130.59 and exchange rate charged 130.20
0.29
1.381.38
8.906.90
Ameer Tech Remittance (MoneyGram)
Firm type: Money Transfer Operator
Payment instrument
Access point
Agent
Sending network coverage
Low
Receiving method
Agent
High
8.006.20
0.29
Percentage difference between market reference rate 130.59 and exchange rate charged 130.20
0.29
1.541.54
9.937.70
Sir Money Changer
Firm type: Money Transfer Operator
Payment instrument
Access point
Agent
Sending network coverage
Low
Receiving method
Agent
Medium
7.005.43
0.60
Percentage difference between market reference rate 130.59 and exchange rate charged 129.80
0.60
1.691.69
10.908.45
MoneyGram
Firm type: Money Transfer Operator
Payment instrument
Access point
Agent
Sending network coverage
High
Receiving method
Agent
High
7.005.43
0.67
Percentage difference between market reference rate 130.59 and exchange rate charged 129.71
0.67
1.761.76
11.358.80
Tik FX
Firm type: Bank
Payment instrument
Access point
Internet
Sending network coverage
High
Receiving method
Agent
High
5.003.88
1.24
Percentage difference between market reference rate 130.59 and exchange rate charged 128.96
1.24
2.022.02
13.0310.10
Xpress Money
Firm type: Money Transfer Operator
Payment instrument
Access point
Agent
Sending network coverage
High
Receiving method
Agent
High
9.006.98
0.69
Percentage difference between market reference rate 130.59 and exchange rate charged 129.69
0.69
2.082.08
13.4210.40
State Bank of India
Firm type: Bank
Payment instrument
Access point
Bank branch
Sending network coverage
High
Receiving method
High
5.003.88
1.70
Percentage difference between market reference rate 130.59 and exchange rate charged 128.36
1.70
2.482.48
16.0012.40
Western Union
Firm type: Money Transfer Operator
Payment instrument
Access point
Agent
Sending network coverage
High
Receiving method
Agent
High
2.001.55
2.45
Percentage difference between market reference rate 130.59 and exchange rate charged 127.39
2.45
2.762.76
17.8013.80
Western Union
Firm type: Money Transfer Operator
Payment instrument
Access point
Agent
Sending network coverage
High
Receiving method
Agent
High
12.009.30
2.06
Percentage difference between market reference rate 130.59 and exchange rate charged 127.90
2.06
3.923.92
25.2819.60
Western Union
Firm type: Money Transfer Operator
Payment instrument
Access point
Internet
Sending network coverage
High
Receiving method
Agent
High
0.000.00
4.47
Percentage difference between market reference rate 130.59 and exchange rate charged 124.75
4.47
4.474.47
28.8322.35
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.
SpeedSend
Firm type: Money Transfer Operator
Payment instrument
Access point
Internet
Sending network coverage
High
Receiving method
Agent
High
10.007.75
0.00
Percentage difference between market reference rate 1.00 and exchange rate charged 1.00
0.00
1.551.55
10.007.75
Total Average First Quarter
1.881.88
Total Average Fourth Quarter 2019
2.272.27
Total Average
Fee
5.514.27
Exchange Rate Margin (%)
1.021.02
Total Cost Percent (%)
1.881.88
Total Cost (SGD) Total Cost (USD)
12.139.40
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