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Transfer money

Sending money from SPAIN to NIGERIA

Data collected on: May 12, 2020
EUR | USD
Firm
Payment instrument
Access point
Sending network coverage
Transfer speed
Receiving method
Disbursing network coverage
Fee
Exchange rate margin (%)
Total cost (%)
Total cost (EUR)sort descendingTotal cost (USD)sort descending
Firm
Money Exchange
Firm type: Money Transfer Operator
 
Payment instrument
Access point
Agent
Sending network coverage
Medium
Transfer speed
Receiving method
Agent
Disbursing network coverage
High
Fee
3.004.29
Exchange rate margin (%)
-9.79
Percentage difference between market reference rate 421.76 and exchange rate charged 463.05-9.79
Total cost (%)
-7.65-7.65
Total cost (EUR)sort descendingTotal cost (USD)sort descending
-10.71-15.30
Firm
Azimo
Firm type: Money Transfer Operator
 
Payment instrument
Access point
Internet
Sending network coverage
High
Transfer speed
Receiving method
Disbursing network coverage
High
Fee
1.992.84
Exchange rate margin (%)
1.34
Percentage difference between market reference rate 421.76 and exchange rate charged 416.091.34
Total cost (%)
2.772.77
Total cost (EUR)sort descendingTotal cost (USD)sort descending
3.885.54
Firm
Transferwise
Firm type: Money Transfer Operator
 
Payment instrument
Access point
Internet
Sending network coverage
High
Transfer speed
Receiving method
Disbursing network coverage
Medium
Fee
1.502.14
Exchange rate margin (%)
3.15
Percentage difference between market reference rate 421.76 and exchange rate charged 408.483.15
Total cost (%)
4.224.22
Total cost (EUR)sort descendingTotal cost (USD)sort descending
5.918.44
Firm
Transferwise
Firm type: Money Transfer Operator
 
Payment instrument
Access point
Internet
Sending network coverage
High
Transfer speed
Receiving method
Disbursing network coverage
Medium
Fee
2.072.96
Exchange rate margin (%)
3.12
Percentage difference between market reference rate 421.76 and exchange rate charged 408.583.12
Total cost (%)
4.604.60
Total cost (EUR)sort descendingTotal cost (USD)sort descending
6.449.20
Firm
MoneyGram
Firm type: Money Transfer Operator
 
Payment instrument
Access point
Internet
Sending network coverage
High
Transfer speed
Receiving method
Disbursing network coverage
Medium
Fee
0.000.00
Exchange rate margin (%)
4.62
Percentage difference between market reference rate 421.76 and exchange rate charged 402.284.62
Total cost (%)
4.624.62
Total cost (EUR)sort descendingTotal cost (USD)sort descending
6.479.24
Firm
Remitly
Firm type: Money Transfer Operator
 
Payment instrument
Access point
Internet
Sending network coverage
Medium
Transfer speed
Receiving method
Disbursing network coverage
Medium
Fee
2.994.27
Exchange rate margin (%)
3.02
Percentage difference between market reference rate 421.76 and exchange rate charged 409.033.02
Total cost (%)
5.155.15
Total cost (EUR)sort descendingTotal cost (USD)sort descending
7.2110.30
Firm
Ria
Firm type: Money Transfer Operator
 
Payment instrument
Access point
Internet
Sending network coverage
High
Transfer speed
Receiving method
Agent
Disbursing network coverage
High
Fee
3.004.29
Exchange rate margin (%)
4.01
Percentage difference between market reference rate 421.76 and exchange rate charged 404.844.01
Total cost (%)
6.166.16
Total cost (EUR)sort descendingTotal cost (USD)sort descending
8.6212.31
Firm
WorldRemit
Firm type: Money Transfer Operator
 
Payment instrument
Access point
Internet
Sending network coverage
High
Transfer speed
Receiving method
Disbursing network coverage
High
Fee
0.991.41
Exchange rate margin (%)
5.81
Percentage difference between market reference rate 421.76 and exchange rate charged 397.275.81
Total cost (%)
6.516.51
Total cost (EUR)sort descendingTotal cost (USD)sort descending
9.1113.01
Firm
WorldRemit
Firm type: Money Transfer Operator
 
Payment instrument
Access point
Internet
Sending network coverage
High
Transfer speed
Receiving method
Disbursing network coverage
Medium
Fee
1.992.84
Exchange rate margin (%)
5.24
Percentage difference between market reference rate 421.76 and exchange rate charged 399.665.24
Total cost (%)
6.666.66
Total cost (EUR)sort descendingTotal cost (USD)sort descending
9.3213.31
Firm
BBVA Dinero Express
Firm type: Money Transfer Operator
 
Payment instrument
Access point
Bank branch
Sending network coverage
High
Transfer speed
Receiving method
Agent
Disbursing network coverage
Medium
Fee
5.007.14
Exchange rate margin (%)
4.92
Percentage difference between market reference rate 421.76 and exchange rate charged 401.024.92
Total cost (%)
8.498.49
Total cost (EUR)sort descendingTotal cost (USD)sort descending
11.8916.99
Firm
Small World
Firm type: Money Transfer Operator
 
Payment instrument
Access point
Agent
Sending network coverage
High
Transfer speed
Receiving method
Agent
Disbursing network coverage
High
Fee
5.007.14
Exchange rate margin (%)
4.92
Percentage difference between market reference rate 421.76 and exchange rate charged 401.024.92
Total cost (%)
8.498.49
Total cost (EUR)sort descendingTotal cost (USD)sort descending
11.8916.99
Firm
WorldRemit
Firm type: Money Transfer Operator
 
Payment instrument
Access point
Internet
Sending network coverage
High
Transfer speed
Receiving method
Agent
Disbursing network coverage
Medium
Fee
4.997.13
Exchange rate margin (%)
5.53
Percentage difference between market reference rate 421.76 and exchange rate charged 398.445.53
Total cost (%)
9.099.09
Total cost (EUR)sort descendingTotal cost (USD)sort descending
12.7318.19
Firm
Ria
Firm type: Money Transfer Operator
 
Payment instrument
Access point
Agent
Sending network coverage
High
Transfer speed
Receiving method
Agent
Disbursing network coverage
High
Fee
7.0010.00
Exchange rate margin (%)
5.52
Percentage difference between market reference rate 421.76 and exchange rate charged 398.485.52
Total cost (%)
10.5210.52
Total cost (EUR)sort descendingTotal cost (USD)sort descending
14.7321.04
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
6.909.86
Exchange rate margin (%)
7.26
Percentage difference between market reference rate 421.76 and exchange rate charged 391.167.26
Total cost (%)
12.1812.18
Total cost (EUR)sort descendingTotal cost (USD)sort descending
17.0524.36
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
4.907.00
Exchange rate margin (%)
8.93
Percentage difference between market reference rate 421.76 and exchange rate charged 384.098.93
Total cost (%)
12.4312.43
Total cost (EUR)sort descendingTotal cost (USD)sort descending
17.4024.86
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
9.0012.86
Exchange rate margin (%)
7.10
Percentage difference between market reference rate 421.76 and exchange rate charged 391.817.10
Total cost (%)
13.5313.53
Total cost (EUR)sort descendingTotal cost (USD)sort descending
18.9427.06
Firm
MoneyGram
Firm type: Money Transfer Operator
 
Payment instrument
Access point
Internet
Sending network coverage
High
Transfer speed
Receiving method
Agent
Disbursing network coverage
High
Fee
9.0012.86
Exchange rate margin (%)
7.22
Percentage difference between market reference rate 421.76 and exchange rate charged 391.317.22
Total cost (%)
13.6513.65
Total cost (EUR)sort descendingTotal cost (USD)sort descending
19.1127.30
Firm
Maccorp Exact Change
Firm type: Money Transfer Operator
 
Payment instrument
Access point
Agent
Sending network coverage
Medium
Transfer speed
Receiving method
Agent
Disbursing network coverage
Medium
Fee
11.9017.00
Exchange rate margin (%)
5.16
Percentage difference between market reference rate 421.76 and exchange rate charged 400.005.16
Total cost (%)
13.6613.66
Total cost (EUR)sort descendingTotal cost (USD)sort descending
19.1227.31
Total Average Second Quarter
7.507.50
Total Average First Quarter
8.758.75
Total Average
Fee
4.516.45
Exchange Rate Margin (%)
4.284.28
Total Cost Percent (%)
7.507.50
Total Cost (EUR) Total Cost (USD)
10.5115.01
Non-Transparent records
Bank account transfer Debit/credit card Cash
Less than one hour 2 days
Bank account Cash Mobile wallet
Firm
Payment instrument
Access point
Sending network coverage
Transfer speed
Receiving method
Disbursing network coverage
Fee
Exchange rate margin (%)
Total cost (%)
Total cost (EUR)sort descendingTotal cost (USD)sort descending
Firm
Money Exchange
Firm type: Money Transfer Operator
 
Payment instrument
Access point
Agent
Sending network coverage
Medium
Transfer speed
Receiving method
Agent
Disbursing network coverage
High
Fee
3.004.35
Exchange rate margin (%)
-9.79
Percentage difference between market reference rate 421.76 and exchange rate charged 463.05-9.79
Total cost (%)
-8.92-8.92
Total cost (EUR)sort descendingTotal cost (USD)sort descending
-30.77-44.59
Firm
Azimo
Firm type: Money Transfer Operator
 
Payment instrument
Access point
Internet
Sending network coverage
High
Transfer speed
Receiving method
Disbursing network coverage
High
Fee
1.992.88
Exchange rate margin (%)
1.34
Percentage difference between market reference rate 421.76 and exchange rate charged 416.091.34
Total cost (%)
1.921.92
Total cost (EUR)sort descendingTotal cost (USD)sort descending
6.629.59
Firm
Remitly
Firm type: Money Transfer Operator
 
Payment instrument
Access point
Internet
Sending network coverage
Medium
Transfer speed
Receiving method
Disbursing network coverage
Medium
Fee
2.994.33
Exchange rate margin (%)
3.02
Percentage difference between market reference rate 421.76 and exchange rate charged 409.033.02
Total cost (%)
3.883.88
Total cost (EUR)sort descendingTotal cost (USD)sort descending
13.3919.41
Firm
Transferwise
Firm type: Money Transfer Operator
 
Payment instrument
Access point
Internet
Sending network coverage
High
Transfer speed
Receiving method
Disbursing network coverage
Medium
Fee
2.663.86
Exchange rate margin (%)
3.15
Percentage difference between market reference rate 421.76 and exchange rate charged 408.483.15
Total cost (%)
3.923.92
Total cost (EUR)sort descendingTotal cost (USD)sort descending
13.5219.59
Firm
Transferwise
Firm type: Money Transfer Operator
 
Payment instrument
Access point
Internet
Sending network coverage
High
Transfer speed
Receiving method
Disbursing network coverage
Medium
Fee
4.065.88
Exchange rate margin (%)
3.13
Percentage difference between market reference rate 421.76 and exchange rate charged 408.563.13
Total cost (%)
4.314.31
Total cost (EUR)sort descendingTotal cost (USD)sort descending
14.8721.55
Firm
MoneyGram
Firm type: Money Transfer Operator
 
Payment instrument
Access point
Internet
Sending network coverage
High
Transfer speed
Receiving method
Disbursing network coverage
Medium
Fee
0.000.00
Exchange rate margin (%)
4.62
Percentage difference between market reference rate 421.76 and exchange rate charged 402.284.62
Total cost (%)
4.624.62
Total cost (EUR)sort descendingTotal cost (USD)sort descending
15.9423.10
Firm
Ria
Firm type: Money Transfer Operator
 
Payment instrument
Access point
Internet
Sending network coverage
High
Transfer speed
Receiving method
Agent
Disbursing network coverage
High
Fee
3.004.35
Exchange rate margin (%)
4.01
Percentage difference between market reference rate 421.76 and exchange rate charged 404.844.01
Total cost (%)
4.884.88
Total cost (EUR)sort descendingTotal cost (USD)sort descending
16.8424.41
Firm
WorldRemit
Firm type: Money Transfer Operator
 
Payment instrument
Access point
Internet
Sending network coverage
High
Transfer speed
Receiving method
Disbursing network coverage
Medium
Fee
1.992.88
Exchange rate margin (%)
5.24
Percentage difference between market reference rate 421.76 and exchange rate charged 399.665.24
Total cost (%)
5.825.82
Total cost (EUR)sort descendingTotal cost (USD)sort descending
20.0829.10
Firm
WorldRemit
Firm type: Money Transfer Operator
 
Payment instrument
Access point
Internet
Sending network coverage
High
Transfer speed
Receiving method
Disbursing network coverage
High
Fee
0.991.43
Exchange rate margin (%)
5.81
Percentage difference between market reference rate 421.76 and exchange rate charged 397.275.81
Total cost (%)
6.096.09
Total cost (EUR)sort descendingTotal cost (USD)sort descending
21.0130.45
Firm
BBVA Dinero Express
Firm type: Money Transfer Operator
 
Payment instrument
Access point
Bank branch
Sending network coverage
High
Transfer speed
Receiving method
Agent
Disbursing network coverage
Medium
Fee
5.007.25
Exchange rate margin (%)
4.92
Percentage difference between market reference rate 421.76 and exchange rate charged 401.024.92
Total cost (%)
6.376.37
Total cost (EUR)sort descendingTotal cost (USD)sort descending
21.9831.86
Firm
WorldRemit
Firm type: Money Transfer Operator
 
Payment instrument
Access point
Internet
Sending network coverage
High
Transfer speed
Receiving method
Agent
Disbursing network coverage
Medium
Fee
4.997.23
Exchange rate margin (%)
5.53
Percentage difference between market reference rate 421.76 and exchange rate charged 398.445.53
Total cost (%)
6.986.98
Total cost (EUR)sort descendingTotal cost (USD)sort descending
24.0834.90
Firm
Small World
Firm type: Money Transfer Operator
 
Payment instrument
Access point
Agent
Sending network coverage
High
Transfer speed
Receiving method
Agent
Disbursing network coverage
High
Fee
8.0011.59
Exchange rate margin (%)
4.92
Percentage difference between market reference rate 421.76 and exchange rate charged 401.024.92
Total cost (%)
7.247.24
Total cost (EUR)sort descendingTotal cost (USD)sort descending
24.9836.20
Firm
Ria
Firm type: Money Transfer Operator
 
Payment instrument
Access point
Agent
Sending network coverage
High
Transfer speed
Receiving method
Agent
Disbursing network coverage
High
Fee
9.0013.04
Exchange rate margin (%)
5.52
Percentage difference between market reference rate 421.76 and exchange rate charged 398.485.52
Total cost (%)
8.138.13
Total cost (EUR)sort descendingTotal cost (USD)sort descending
28.0540.65
Firm
Maccorp Exact Change
Firm type: Money Transfer Operator
 
Payment instrument
Access point
Agent
Sending network coverage
Medium
Transfer speed
Receiving method
Agent
Disbursing network coverage
Medium
Fee
11.9017.25
Exchange rate margin (%)
5.16
Percentage difference between market reference rate 421.76 and exchange rate charged 400.005.16
Total cost (%)
8.618.61
Total cost (EUR)sort descendingTotal cost (USD)sort descending
29.7043.04
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
4.907.10
Exchange rate margin (%)
8.93
Percentage difference between market reference rate 421.76 and exchange rate charged 384.098.93
Total cost (%)
10.3510.35
Total cost (EUR)sort descendingTotal cost (USD)sort descending
35.7151.75
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
11.9017.25
Exchange rate margin (%)
6.96
Percentage difference between market reference rate 421.76 and exchange rate charged 392.396.96
Total cost (%)
10.4110.41
Total cost (EUR)sort descendingTotal cost (USD)sort descending
35.9152.04
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
15.0021.74
Exchange rate margin (%)
7.10
Percentage difference between market reference rate 421.76 and exchange rate charged 391.817.10
Total cost (%)
11.4511.45
Total cost (EUR)sort descendingTotal cost (USD)sort descending
39.5057.25
Firm
MoneyGram
Firm type: Money Transfer Operator
 
Payment instrument
Access point
Internet
Sending network coverage
High
Transfer speed
Receiving method
Agent
Disbursing network coverage
High
Fee
15.0021.74
Exchange rate margin (%)
7.22
Percentage difference between market reference rate 421.76 and exchange rate charged 391.317.22
Total cost (%)
11.5711.57
Total cost (EUR)sort descendingTotal cost (USD)sort descending
39.9257.86
Total Average Second Quarter
5.985.98
Total Average First Quarter
6.976.97
Total Average
Fee
5.918.56
Exchange Rate Margin (%)
4.274.27
Total Cost Percent (%)
5.985.98
Total Cost (EUR) Total Cost (USD)
20.6329.90
Non-Transparent records
Bank account transfer Debit/credit card Cash
Less than one hour 2 days
Bank account Cash Mobile wallet
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