Remittance Prices Worldwide

MAKING MARKETS MORE TRANSPARENT

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Sending money from SPAIN to COLOMBIA

Data collected on: Oct 27, 2020
EUR | USD
Payment instrument
Access point
Sending network coverage
Transfer speed
<em>Transfer Speed</em> has been standardized in six broad categories.
Receiving method
Exchange rate margin (%)
The exchange rate margin is the cost resulting from the fact that the firm applies a rate that is different from the market reference rate. The margin is the percentage difference between the market reference rate and the exchange rate actually applied to the transaction.
Total cost (%)
The total cost of sending a remittance transfer includes: the fee charged to the sender plus the exchange rate margin.
Total cost (EUR)sort descendingTotal cost (USD)sort descending
The total cost of sending a remittance transfer includes: the fee charged to the sender plus the exchange rate margin.
Azimo
Firm type: Money Transfer Operator
Payment instrument
Access point
Internet
Sending network coverage
High
Receiving method
Agent
High
2.493.56
-2.15
Percentage difference between market reference rate 4,505.07 and exchange rate charged 4,602.00
-2.15
-0.37-0.37
-0.52-0.74
Remitly
Firm type: Money Transfer Operator
Payment instrument
Access point
Internet
Sending network coverage
Medium
Receiving method
Agent
High
2.994.27
-1.80
Percentage difference between market reference rate 4,505.07 and exchange rate charged 4,586.00
-1.80
0.340.34
0.480.69
WorldRemit
Firm type: Money Transfer Operator
Payment instrument
Access point
Internet
Sending network coverage
High
Receiving method
High
0.991.41
1.62
Percentage difference between market reference rate 4,505.07 and exchange rate charged 4,432.00
1.62
2.332.33
3.264.66
Ria
Firm type: Money Transfer Operator
Payment instrument
Access point
Internet
Sending network coverage
High
Receiving method
Agent
High
3.004.29
1.44
Percentage difference between market reference rate 4,505.07 and exchange rate charged 4,440.00
1.44
3.593.59
5.037.19
Money Exchange
Firm type: Money Transfer Operator
Payment instrument
Access point
Agent
Sending network coverage
Medium
Receiving method
Agent
High
2.002.86
2.93
Percentage difference between market reference rate 4,505.07 and exchange rate charged 4,373.00
2.93
4.364.36
6.108.71
MoneyGram
Firm type: Money Transfer Operator
Payment instrument
Access point
Internet
Sending network coverage
High
Receiving method
Agent
High
3.995.70
1.53
Percentage difference between market reference rate 4,505.07 and exchange rate charged 4,436.00
1.53
4.384.38
6.138.76
Maccorp Exact Change
Firm type: Money Transfer Operator
Payment instrument
Access point
Agent
Sending network coverage
Medium
Receiving method
Agent
High
3.905.57
1.67
Percentage difference between market reference rate 4,505.07 and exchange rate charged 4,430.00
1.67
4.454.45
6.238.90
WorldRemit
Firm type: Money Transfer Operator
Payment instrument
Access point
Internet
Sending network coverage
High
Receiving method
Agent
High
3.995.70
1.62
Percentage difference between market reference rate 4,505.07 and exchange rate charged 4,432.00
1.62
4.474.47
6.268.94
MoneyGram
Firm type: Money Transfer Operator
Payment instrument
Access point
Agent
Sending network coverage
High
Receiving method
Agent
High
5.507.86
0.73
Percentage difference between market reference rate 4,505.07 and exchange rate charged 4,472.00
0.73
4.664.66
6.529.31
Western Union
Firm type: Money Transfer Operator
Payment instrument
Access point
Agent
Sending network coverage
High
Receiving method
Agent
High
4.907.00
1.82
Percentage difference between market reference rate 4,505.07 and exchange rate charged 4,423.00
1.82
5.325.32
7.4510.64
Small World
Firm type: Money Transfer Operator
Payment instrument
Access point
Agent
Sending network coverage
High
Receiving method
Agent
High
5.507.86
1.58
Percentage difference between market reference rate 4,505.07 and exchange rate charged 4,434.00
1.58
5.515.51
7.7111.01
Europhil
Firm type: Bank
Payment instrument
Access point
Agent
Sending network coverage
Medium
Receiving method
Agent
High
4.005.71
2.78
Percentage difference between market reference rate 4,505.07 and exchange rate charged 4,380.00
2.78
5.635.63
7.8811.26
Ria
Firm type: Money Transfer Operator
Payment instrument
Access point
Agent
Sending network coverage
High
Receiving method
Agent
High
5.507.86
1.91
Percentage difference between market reference rate 4,505.07 and exchange rate charged 4,419.00
1.91
5.845.84
8.1811.69
Western Union
Firm type: Money Transfer Operator
Payment instrument
Access point
Internet
Sending network coverage
High
Receiving method
Agent
High
2.904.14
4.77
Percentage difference between market reference rate 4,505.07 and exchange rate charged 4,290.00
4.77
6.856.85
9.5913.70
Trans-Fast
Firm type: Money Transfer Operator
Payment instrument
Access point
Agent
Sending network coverage
High
Receiving method
Agent
High
5.007.14
4.17
Percentage difference between market reference rate 4,505.07 and exchange rate charged 4,317.00
4.17
7.757.75
10.8515.50
BBVA Dinero Express
Firm type: Money Transfer Operator
Payment instrument
Access point
Bank branch
Sending network coverage
High
Receiving method
Agent
High
5.007.14
4.69
Percentage difference between market reference rate 4,505.07 and exchange rate charged 4,294.00
4.69
8.268.26
11.5616.51
Total Average Fourth Quarter 2020
4.594.59
Total Average Third Quarter 2020
4.414.41
Total Average
Fee
3.855.50
Exchange Rate Margin (%)
1.831.83
Total Cost Percent (%)
4.594.59
Total Cost (EUR) Total Cost (USD)
6.429.17
Non-Transparent records
Bank account transfer Debit/credit card Cash
Less than one hour Same day
Bank account Cash Mobile wallet
Payment instrument
Access point
Sending network coverage
Receiving method
Azimo
Firm type: Money Transfer Operator
Payment instrument
Access point
Internet
Sending network coverage
High
Receiving method
Agent
High
2.493.61
-2.15
Percentage difference between market reference rate 4,505.07 and exchange rate charged 4,602.00
-2.15
-1.43-1.43
-4.93-7.14
Remitly
Firm type: Money Transfer Operator
Payment instrument
Access point
Internet
Sending network coverage
Medium
Receiving method
Agent
High
2.994.33
-1.80
Percentage difference between market reference rate 4,505.07 and exchange rate charged 4,586.00
-1.80
-0.93-0.93
-3.21-4.65
WorldRemit
Firm type: Money Transfer Operator
Payment instrument
Access point
Internet
Sending network coverage
High
Receiving method
High
0.991.43
1.62
Percentage difference between market reference rate 4,505.07 and exchange rate charged 4,432.00
1.62
1.911.91
6.599.55
Ria
Firm type: Money Transfer Operator
Payment instrument
Access point
Internet
Sending network coverage
High
Receiving method
Agent
High
3.004.35
1.44
Percentage difference between market reference rate 4,505.07 and exchange rate charged 4,440.00
1.44
2.312.31
7.9711.55
MoneyGram
Firm type: Money Transfer Operator
Payment instrument
Access point
Agent
Sending network coverage
High
Receiving method
Agent
High
5.507.97
0.73
Percentage difference between market reference rate 4,505.07 and exchange rate charged 4,472.00
0.73
2.332.33
8.0411.65
MoneyGram
Firm type: Money Transfer Operator
Payment instrument
Access point
Internet
Sending network coverage
High
Receiving method
Agent
High
3.995.78
1.53
Percentage difference between market reference rate 4,505.07 and exchange rate charged 4,436.00
1.53
2.692.69
9.2813.45
WorldRemit
Firm type: Money Transfer Operator
Payment instrument
Access point
Internet
Sending network coverage
High
Receiving method
Agent
High
3.995.78
1.62
Percentage difference between market reference rate 4,505.07 and exchange rate charged 4,432.00
1.62
2.782.78
9.5913.90
Maccorp Exact Change
Firm type: Money Transfer Operator
Payment instrument
Access point
Agent
Sending network coverage
Medium
Receiving method
Agent
High
3.905.65
1.67
Percentage difference between market reference rate 4,505.07 and exchange rate charged 4,430.00
1.67
2.802.80
9.6614.00
Small World
Firm type: Money Transfer Operator
Payment instrument
Access point
Agent
Sending network coverage
High
Receiving method
Agent
High
5.507.97
1.58
Percentage difference between market reference rate 4,505.07 and exchange rate charged 4,434.00
1.58
3.173.17
10.9415.86
Western Union
Firm type: Money Transfer Operator
Payment instrument
Access point
Agent
Sending network coverage
High
Receiving method
Agent
High
4.907.10
1.82
Percentage difference between market reference rate 4,505.07 and exchange rate charged 4,423.00
1.82
3.243.24
11.1816.20
Ria
Firm type: Money Transfer Operator
Payment instrument
Access point
Agent
Sending network coverage
High
Receiving method
Agent
High
5.507.97
1.91
Percentage difference between market reference rate 4,505.07 and exchange rate charged 4,419.00
1.91
3.503.50
12.0817.51
Money Exchange
Firm type: Money Transfer Operator
Payment instrument
Access point
Agent
Sending network coverage
Medium
Receiving method
Agent
High
3.004.35
2.93
Percentage difference between market reference rate 4,505.07 and exchange rate charged 4,373.00
2.93
3.803.80
13.1119.00
Europhil
Firm type: Bank
Payment instrument
Access point
Agent
Sending network coverage
Medium
Receiving method
Agent
High
4.005.80
2.78
Percentage difference between market reference rate 4,505.07 and exchange rate charged 4,380.00
2.78
3.943.94
13.5919.70
Trans-Fast
Firm type: Money Transfer Operator
Payment instrument
Access point
Agent
Sending network coverage
High
Receiving method
Agent
High
5.007.25
4.17
Percentage difference between market reference rate 4,505.07 and exchange rate charged 4,317.00
4.17
5.625.62
19.3928.10
BBVA Dinero Express
Firm type: Money Transfer Operator
Payment instrument
Access point
Bank branch
Sending network coverage
High
Receiving method
Agent
High
5.007.25
4.69
Percentage difference between market reference rate 4,505.07 and exchange rate charged 4,294.00
4.69
6.136.13
21.1530.65
Western Union
Firm type: Money Transfer Operator
Payment instrument
Access point
Internet
Sending network coverage
High
Receiving method
Agent
High
4.907.10
4.77
Percentage difference between market reference rate 4,505.07 and exchange rate charged 4,290.00
4.77
6.196.19
21.3630.96
Total Average Fourth Quarter 2020
3.003.00
Total Average Third Quarter 2020
2.832.83
Total Average
Fee
4.045.86
Exchange Rate Margin (%)
1.831.83
Total Cost Percent (%)
3.003.00
Total Cost (EUR) Total Cost (USD)
10.3615.02
Non-Transparent records
Bank account transfer Debit/credit card Cash
Less than one hour Same day
Bank account Cash Mobile wallet