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Transfer money

Sending money from SWEDEN to INDIA

Data collected on: Jul 28, 2020
SEK | USD
Firm
Payment instrument
Access point
Sending network coverage
Transfer speed
Receiving method
Disbursing network coverage
Fee
Exchange rate margin (%)
Total cost (%)
Total cost (SEK)sort descendingTotal cost (USD)sort descending
Firm
money2India (ICICI Bank)
Firm type: Bank / Money Transfer Operator
 
Payment instrument
Access point
Internet
Sending network coverage
High
Transfer speed
Receiving method
Disbursing network coverage
High
Fee
0.000.00
Exchange rate margin (%)
0.24
Percentage difference between market reference rate 8.52 and exchange rate charged 8.500.24
Total cost (%)
0.240.24
Total cost (SEK)sort descendingTotal cost (USD)sort descending
4.080.48
Firm
Skrill
Firm type: Money Transfer Operator
 
Payment instrument
Access point
Internet
Sending network coverage
High
Transfer speed
Receiving method
Disbursing network coverage
High
Fee
0.000.00
Exchange rate margin (%)
0.58
Percentage difference between market reference rate 8.52 and exchange rate charged 8.470.58
Total cost (%)
0.580.58
Total cost (SEK)sort descendingTotal cost (USD)sort descending
9.861.16
Firm
Xendpay
Firm type: Money Transfer Operator
 
Payment instrument
Access point
Internet
Sending network coverage
High
Transfer speed
Receiving method
Disbursing network coverage
High
Fee
0.000.00
Exchange rate margin (%)
0.61
Percentage difference between market reference rate 8.52 and exchange rate charged 8.470.61
Total cost (%)
0.610.61
Total cost (SEK)sort descendingTotal cost (USD)sort descending
10.371.22
Firm
Kotak Click2Remit
Firm type: Bank
 
Payment instrument
Access point
Internet
Sending network coverage
High
Transfer speed
Receiving method
Disbursing network coverage
High
Fee
0.000.00
Exchange rate margin (%)
1.37
Percentage difference between market reference rate 8.52 and exchange rate charged 8.401.37
Total cost (%)
1.371.37
Total cost (SEK)sort descendingTotal cost (USD)sort descending
23.292.74
Firm
Remitly
Firm type: Money Transfer Operator
 
Payment instrument
Access point
Internet
Sending network coverage
High
Transfer speed
Receiving method
Agent
Disbursing network coverage
High
Fee
29.903.52
Exchange rate margin (%)
0.00
Percentage difference between market reference rate 8.52 and exchange rate charged 8.520.00
Total cost (%)
1.761.76
Total cost (SEK)sort descendingTotal cost (USD)sort descending
29.923.52
Firm
Western Union
Firm type: Money Transfer Operator
 
Payment instrument
Access point
Internet
Sending network coverage
High
Transfer speed
Receiving method
Disbursing network coverage
High
Fee
0.000.00
Exchange rate margin (%)
2.34
Percentage difference between market reference rate 8.52 and exchange rate charged 8.322.34
Total cost (%)
2.342.34
Total cost (SEK)sort descendingTotal cost (USD)sort descending
39.784.68
Firm
Nordea Bank
Firm type: Bank
 
Payment instrument
Access point
Internet
Sending network coverage
High
Transfer speed
Receiving method
Disbursing network coverage
High
Fee
50.005.88
Exchange rate margin (%)
0.01
Percentage difference between market reference rate 8.52 and exchange rate charged 8.520.01
Total cost (%)
2.952.95
Total cost (SEK)sort descendingTotal cost (USD)sort descending
50.155.90
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
39.004.59
Exchange rate margin (%)
1.95
Percentage difference between market reference rate 8.52 and exchange rate charged 8.351.95
Total cost (%)
4.254.25
Total cost (SEK)sort descendingTotal cost (USD)sort descending
72.258.50
Firm
Azimo
Firm type: Money Transfer Operator
 
Payment instrument
Access point
Internet
Sending network coverage
High
Transfer speed
Receiving method
Agent
Disbursing network coverage
High
Fee
49.005.76
Exchange rate margin (%)
1.66
Percentage difference between market reference rate 8.52 and exchange rate charged 8.381.66
Total cost (%)
4.544.54
Total cost (SEK)sort descendingTotal cost (USD)sort descending
77.189.08
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
20.002.35
Exchange rate margin (%)
4.32
Percentage difference between market reference rate 8.52 and exchange rate charged 8.154.32
Total cost (%)
5.505.50
Total cost (SEK)sort descendingTotal cost (USD)sort descending
93.5011.00
Firm
SEB
Firm type: Bank
 
Payment instrument
Access point
Internet
Sending network coverage
High
Transfer speed
Receiving method
Disbursing network coverage
High
Fee
50.005.88
Exchange rate margin (%)
2.67
Percentage difference between market reference rate 8.52 and exchange rate charged 8.292.67
Total cost (%)
5.615.61
Total cost (SEK)sort descendingTotal cost (USD)sort descending
95.3711.22
Firm
Ria
Firm type: Money Transfer Operator
 
Payment instrument
Access point
Agent
Sending network coverage
Medium
Transfer speed
Receiving method
Agent
Disbursing network coverage
High
Fee
60.007.06
Exchange rate margin (%)
2.12
Percentage difference between market reference rate 8.52 and exchange rate charged 8.342.12
Total cost (%)
5.655.65
Total cost (SEK)sort descendingTotal cost (USD)sort descending
96.0511.30
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
30.003.53
Exchange rate margin (%)
4.90
Percentage difference between market reference rate 8.52 and exchange rate charged 8.104.90
Total cost (%)
6.676.67
Total cost (SEK)sort descendingTotal cost (USD)sort descending
113.3913.34
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
65.007.65
Exchange rate margin (%)
4.97
Percentage difference between market reference rate 8.52 and exchange rate charged 8.104.97
Total cost (%)
8.798.79
Total cost (SEK)sort descendingTotal cost (USD)sort descending
149.4317.58
Firm
MoneyGram
Firm type: Money Transfer Operator
 
Payment instrument
Access point
Internet
Sending network coverage
High
Transfer speed
Receiving method
Disbursing network coverage
High
Fee
30.003.53
Exchange rate margin (%)
9.11
Percentage difference between market reference rate 8.52 and exchange rate charged 7.749.11
Total cost (%)
10.8710.87
Total cost (SEK)sort descendingTotal cost (USD)sort descending
184.7921.74
Firm
SEB
Firm type: Bank
 
Payment instrument
Access point
Bank branch
Sending network coverage
High
Transfer speed
Receiving method
Disbursing network coverage
High
Fee
150.0017.65
Exchange rate margin (%)
2.67
Percentage difference between market reference rate 8.52 and exchange rate charged 8.292.67
Total cost (%)
11.4911.49
Total cost (SEK)sort descendingTotal cost (USD)sort descending
195.3322.98
Firm
Nordea Bank
Firm type: Bank
 
Payment instrument
Access point
Bank branch
Sending network coverage
High
Transfer speed
Receiving method
Disbursing network coverage
High
Fee
300.0035.29
Exchange rate margin (%)
0.01
Percentage difference between market reference rate 8.52 and exchange rate charged 8.520.01
Total cost (%)
17.6617.66
Total cost (SEK)sort descendingTotal cost (USD)sort descending
300.2235.32
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
190.0022.35
Exchange rate margin (%)
8.15
Percentage difference between market reference rate 8.52 and exchange rate charged 7.838.15
Total cost (%)
19.3319.33
Total cost (SEK)sort descendingTotal cost (USD)sort descending
328.6138.66
Total Average Third Quarter
6.126.12
Total Average Second Quarter
6.306.30
Total Average
Fee
59.056.95
Exchange Rate Margin (%)
2.652.65
Total Cost Percent (%)
6.126.12
Total Cost (SEK) Total Cost (USD)
104.0912.25
Non-Transparent records
Bank account transfer Debit/credit card Cash
Less than one hour Same day Next day 2 days 3-5 days 6 days or more
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 (SEK)sort descendingTotal cost (USD)sort descending
Firm
money2India (ICICI Bank)
Firm type: Bank / Money Transfer Operator
 
Payment instrument
Access point
Internet
Sending network coverage
High
Transfer speed
Receiving method
Disbursing network coverage
High
Fee
0.000.00
Exchange rate margin (%)
0.24
Percentage difference between market reference rate 8.52 and exchange rate charged 8.500.24
Total cost (%)
0.240.24
Total cost (SEK)sort descendingTotal cost (USD)sort descending
10.321.20
Firm
Skrill
Firm type: Money Transfer Operator
 
Payment instrument
Access point
Internet
Sending network coverage
High
Transfer speed
Receiving method
Disbursing network coverage
High
Fee
0.000.00
Exchange rate margin (%)
0.57
Percentage difference between market reference rate 8.52 and exchange rate charged 8.470.57
Total cost (%)
0.570.57
Total cost (SEK)sort descendingTotal cost (USD)sort descending
24.512.85
Firm
Xendpay
Firm type: Money Transfer Operator
 
Payment instrument
Access point
Internet
Sending network coverage
High
Transfer speed
Receiving method
Disbursing network coverage
High
Fee
0.000.00
Exchange rate margin (%)
0.61
Percentage difference between market reference rate 8.52 and exchange rate charged 8.470.61
Total cost (%)
0.610.61
Total cost (SEK)sort descendingTotal cost (USD)sort descending
26.233.05
Firm
Remitly
Firm type: Money Transfer Operator
 
Payment instrument
Access point
Internet
Sending network coverage
High
Transfer speed
Receiving method
Agent
Disbursing network coverage
High
Fee
29.903.48
Exchange rate margin (%)
0.00
Percentage difference between market reference rate 8.52 and exchange rate charged 8.520.00
Total cost (%)
0.700.70
Total cost (SEK)sort descendingTotal cost (USD)sort descending
30.103.50
Firm
Nordea Bank
Firm type: Bank
 
Payment instrument
Access point
Internet
Sending network coverage
High
Transfer speed
Receiving method
Disbursing network coverage
High
Fee
50.005.81
Exchange rate margin (%)
0.01
Percentage difference between market reference rate 8.52 and exchange rate charged 8.520.01
Total cost (%)
1.171.17
Total cost (SEK)sort descendingTotal cost (USD)sort descending
50.315.85
Firm
Kotak Click2Remit
Firm type: Bank
 
Payment instrument
Access point
Internet
Sending network coverage
High
Transfer speed
Receiving method
Disbursing network coverage
High
Fee
0.000.00
Exchange rate margin (%)
1.37
Percentage difference between market reference rate 8.52 and exchange rate charged 8.401.37
Total cost (%)
1.371.37
Total cost (SEK)sort descendingTotal cost (USD)sort descending
58.916.85
Firm
Western Union
Firm type: Money Transfer Operator
 
Payment instrument
Access point
Internet
Sending network coverage
High
Transfer speed
Receiving method
Disbursing network coverage
High
Fee
0.000.00
Exchange rate margin (%)
2.34
Percentage difference between market reference rate 8.52 and exchange rate charged 8.322.34
Total cost (%)
2.342.34
Total cost (SEK)sort descendingTotal cost (USD)sort descending
100.6211.70
Firm
Azimo
Firm type: Money Transfer Operator
 
Payment instrument
Access point
Internet
Sending network coverage
High
Transfer speed
Receiving method
Agent
Disbursing network coverage
High
Fee
49.005.70
Exchange rate margin (%)
1.66
Percentage difference between market reference rate 8.52 and exchange rate charged 8.381.66
Total cost (%)
2.802.80
Total cost (SEK)sort descendingTotal cost (USD)sort descending
120.4014.00
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
39.004.53
Exchange rate margin (%)
1.95
Percentage difference between market reference rate 8.52 and exchange rate charged 8.351.95
Total cost (%)
2.862.86
Total cost (SEK)sort descendingTotal cost (USD)sort descending
122.9814.30
Firm
Ria
Firm type: Money Transfer Operator
 
Payment instrument
Access point
Agent
Sending network coverage
Medium
Transfer speed
Receiving method
Agent
Disbursing network coverage
High
Fee
60.006.98
Exchange rate margin (%)
2.12
Percentage difference between market reference rate 8.52 and exchange rate charged 8.342.12
Total cost (%)
3.513.51
Total cost (SEK)sort descendingTotal cost (USD)sort descending
150.9317.55
Firm
SEB
Firm type: Bank
 
Payment instrument
Access point
Internet
Sending network coverage
High
Transfer speed
Receiving method
Disbursing network coverage
High
Fee
50.005.81
Exchange rate margin (%)
2.67
Percentage difference between market reference rate 8.52 and exchange rate charged 8.292.67
Total cost (%)
3.833.83
Total cost (SEK)sort descendingTotal cost (USD)sort descending
164.6919.15
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
20.002.33
Exchange rate margin (%)
4.32
Percentage difference between market reference rate 8.52 and exchange rate charged 8.154.32
Total cost (%)
4.794.79
Total cost (SEK)sort descendingTotal cost (USD)sort descending
205.9723.95
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
30.003.49
Exchange rate margin (%)
4.90
Percentage difference between market reference rate 8.52 and exchange rate charged 8.104.90
Total cost (%)
5.605.60
Total cost (SEK)sort descendingTotal cost (USD)sort descending
240.8028.00
Firm
SEB
Firm type: Bank
 
Payment instrument
Access point
Bank branch
Sending network coverage
High
Transfer speed
Receiving method
Disbursing network coverage
High
Fee
150.0017.44
Exchange rate margin (%)
2.67
Percentage difference between market reference rate 8.52 and exchange rate charged 8.292.67
Total cost (%)
6.166.16
Total cost (SEK)sort descendingTotal cost (USD)sort descending
264.8830.80
Firm
Nordea Bank
Firm type: Bank
 
Payment instrument
Access point
Bank branch
Sending network coverage
High
Transfer speed
Receiving method
Disbursing network coverage
High
Fee
300.0034.88
Exchange rate margin (%)
0.01
Percentage difference between market reference rate 8.52 and exchange rate charged 8.520.01
Total cost (%)
6.996.99
Total cost (SEK)sort descendingTotal cost (USD)sort descending
300.5734.95
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
130.0015.12
Exchange rate margin (%)
4.96
Percentage difference between market reference rate 8.52 and exchange rate charged 8.104.96
Total cost (%)
7.997.99
Total cost (SEK)sort descendingTotal cost (USD)sort descending
343.5739.95
Firm
MoneyGram
Firm type: Money Transfer Operator
 
Payment instrument
Access point
Internet
Sending network coverage
High
Transfer speed
Receiving method
Disbursing network coverage
High
Fee
30.003.49
Exchange rate margin (%)
9.11
Percentage difference between market reference rate 8.52 and exchange rate charged 7.749.11
Total cost (%)
9.809.80
Total cost (SEK)sort descendingTotal cost (USD)sort descending
421.4049.00
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
390.0045.35
Exchange rate margin (%)
8.35
Percentage difference between market reference rate 8.52 and exchange rate charged 7.818.35
Total cost (%)
17.4217.42
Total cost (SEK)sort descendingTotal cost (USD)sort descending
749.0687.10
Total Average Third Quarter
4.384.38
Total Average Second Quarter
4.474.47
Total Average
Fee
73.778.58
Exchange Rate Margin (%)
2.662.66
Total Cost Percent (%)
4.384.38
Total Cost (SEK) Total Cost (USD)
188.1321.88
Non-Transparent records
Bank account transfer Debit/credit card Cash
Less than one hour Same day Next day 2 days 3-5 days 6 days or more
Bank account Cash
Least Costly Corridors To India
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