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Transfer money

Sending money from SWEDEN to INDIA

Data collected on: Oct 31, 2019
SEK | USD
Firmsort descending
Payment instrument
Access point
Sending network coverage
Transfer speed
Receiving method
Disbursing network coverage
Fee
Exchange rate margin (%)
Total cost (%)
Total cost (SEK)Total cost (USD)
Firmsort descending
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 (%)
0.93
Percentage difference between market reference rate 7.38 and exchange rate charged 7.310.93
Total cost (%)
3.813.81
Total cost (SEK)Total cost (USD)
64.777.62
Firmsort descending
ICICI Bank Money2India
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 (%)
0.64
Percentage difference between market reference rate 7.38 and exchange rate charged 7.330.64
Total cost (%)
0.640.64
Total cost (SEK)Total cost (USD)
10.881.28
Firmsort descending
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 (%)
1.57
Percentage difference between market reference rate 7.38 and exchange rate charged 7.261.57
Total cost (%)
1.571.57
Total cost (SEK)Total cost (USD)
26.693.14
Firmsort descending
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
85.0010.00
Exchange rate margin (%)
2.36
Percentage difference between market reference rate 7.38 and exchange rate charged 7.202.36
Total cost (%)
7.367.36
Total cost (SEK)Total cost (USD)
125.1214.72
Firmsort descending
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
20.002.35
Exchange rate margin (%)
5.29
Percentage difference between market reference rate 7.38 and exchange rate charged 6.995.29
Total cost (%)
6.476.47
Total cost (SEK)Total cost (USD)
109.9912.94
Firmsort descending
MoneyGram
Firm type: Money Transfer Operator
 
Payment instrument
Access point
Internet
Sending network coverage
High
Transfer speed
Receiving method
Disbursing network coverage
High
Fee
20.002.35
Exchange rate margin (%)
9.48
Percentage difference between market reference rate 7.38 and exchange rate charged 6.689.48
Total cost (%)
10.6610.66
Total cost (SEK)Total cost (USD)
181.2221.32
Firmsort descending
Remitly
Firm type: Money Transfer Operator
 
Payment instrument
Access point
Internet
Sending network coverage
High
Transfer speed
Receiving method
Disbursing network coverage
High
Fee
29.903.52
Exchange rate margin (%)
1.18
Percentage difference between market reference rate 7.38 and exchange rate charged 7.291.18
Total cost (%)
2.942.94
Total cost (SEK)Total cost (USD)
49.985.88
Firmsort descending
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 (%)
2.27
Percentage difference between market reference rate 7.38 and exchange rate charged 7.212.27
Total cost (%)
5.805.80
Total cost (SEK)Total cost (USD)
98.6011.60
Firmsort descending
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 (%)
2.50
Percentage difference between market reference rate 7.38 and exchange rate charged 7.192.50
Total cost (%)
5.445.44
Total cost (SEK)Total cost (USD)
92.4810.88
Firmsort descending
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 (%)
2.50
Percentage difference between market reference rate 7.38 and exchange rate charged 7.192.50
Total cost (%)
11.3211.32
Total cost (SEK)Total cost (USD)
192.4422.64
Firmsort descending
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 (%)
0.03
Percentage difference between market reference rate 7.38 and exchange rate charged 7.370.03
Total cost (%)
0.030.03
Total cost (SEK)Total cost (USD)
0.510.06
Firmsort descending
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
90.0010.59
Exchange rate margin (%)
10.15
Percentage difference between market reference rate 7.38 and exchange rate charged 6.6310.15
Total cost (%)
15.4415.44
Total cost (SEK)Total cost (USD)
262.4830.88
Firmsort descending
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
70.008.24
Exchange rate margin (%)
4.82
Percentage difference between market reference rate 7.38 and exchange rate charged 7.024.82
Total cost (%)
8.938.93
Total cost (SEK)Total cost (USD)
151.8117.86
Firmsort descending
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 (%)
2.84
Percentage difference between market reference rate 7.38 and exchange rate charged 7.172.84
Total cost (%)
2.842.84
Total cost (SEK)Total cost (USD)
48.285.68
Firmsort descending
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 (%)
2.36
Percentage difference between market reference rate 7.38 and exchange rate charged 7.202.36
Total cost (%)
4.664.66
Total cost (SEK)Total cost (USD)
79.229.32
Firmsort descending
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 (%)
0.08
Percentage difference between market reference rate 7.38 and exchange rate charged 7.370.08
Total cost (%)
0.080.08
Total cost (SEK)Total cost (USD)
1.360.16
Firmsort descending
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
120.0014.12
Exchange rate margin (%)
1.20
Percentage difference between market reference rate 7.38 and exchange rate charged 7.291.20
Total cost (%)
8.268.26
Total cost (SEK)Total cost (USD)
140.4216.52
Firmsort descending
Xpress Money
Firm type: Money Transfer Operator
 
Payment instrument
Access point
Agent
Sending network coverage
High
Transfer speed
Receiving method
Disbursing network coverage
High
Fee
110.0012.94
Exchange rate margin (%)
1.20
Percentage difference between market reference rate 7.38 and exchange rate charged 7.291.20
Total cost (%)
7.687.68
Total cost (SEK)Total cost (USD)
130.5615.36
Firmsort descending
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.
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 (%)
0.00
Percentage difference between market reference rate 1.00 and exchange rate charged 1.000.00
Total cost (%)
2.942.94
Total cost (SEK)Total cost (USD)
49.985.88
Firmsort descending
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.
Nordea Bank
Firm type: Bank
 
Payment instrument
Access point
Bank branch
Sending network coverage
High
Transfer speed
Receiving method
Disbursing network coverage
High
Fee
140.0016.47
Exchange rate margin (%)
0.00
Percentage difference between market reference rate 1.00 and exchange rate charged 1.000.00
Total cost (%)
8.248.24
Total cost (SEK)Total cost (USD)
140.0816.48
Total Average Fourth Quarter 2019
5.765.76
Total Average Third Quarter 2019
5.725.72
Total Average
Fee
54.156.37
Exchange Rate Margin (%)
2.572.57
Total Cost Percent (%)
5.765.76
Total Cost (SEK) Total Cost (USD)
97.8411.51
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
Firmsort descending
Payment instrument
Access point
Sending network coverage
Transfer speed
Receiving method
Disbursing network coverage
Fee
Exchange rate margin (%)
Total cost (%)
Total cost (SEK)Total cost (USD)
Firmsort descending
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 (%)
0.93
Percentage difference between market reference rate 7.38 and exchange rate charged 7.310.93
Total cost (%)
2.072.07
Total cost (SEK)Total cost (USD)
89.0110.35
Firmsort descending
ICICI Bank Money2India
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 (%)
0.64
Percentage difference between market reference rate 7.38 and exchange rate charged 7.330.64
Total cost (%)
0.640.64
Total cost (SEK)Total cost (USD)
27.523.20
Firmsort descending
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 (%)
1.57
Percentage difference between market reference rate 7.38 and exchange rate charged 7.261.57
Total cost (%)
1.571.57
Total cost (SEK)Total cost (USD)
67.517.85
Firmsort descending
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
85.009.88
Exchange rate margin (%)
2.36
Percentage difference between market reference rate 7.38 and exchange rate charged 7.202.36
Total cost (%)
4.344.34
Total cost (SEK)Total cost (USD)
186.6221.70
Firmsort descending
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
20.002.33
Exchange rate margin (%)
5.29
Percentage difference between market reference rate 7.38 and exchange rate charged 6.995.29
Total cost (%)
5.765.76
Total cost (SEK)Total cost (USD)
247.6828.80
Firmsort descending
MoneyGram
Firm type: Money Transfer Operator
 
Payment instrument
Access point
Internet
Sending network coverage
High
Transfer speed
Receiving method
Disbursing network coverage
High
Fee
20.002.33
Exchange rate margin (%)
9.48
Percentage difference between market reference rate 7.38 and exchange rate charged 6.689.48
Total cost (%)
9.959.95
Total cost (SEK)Total cost (USD)
427.8549.75
Firmsort descending
Remitly
Firm type: Money Transfer Operator
 
Payment instrument
Access point
Internet
Sending network coverage
High
Transfer speed
Receiving method
Disbursing network coverage
High
Fee
29.903.48
Exchange rate margin (%)
1.18
Percentage difference between market reference rate 7.38 and exchange rate charged 7.291.18
Total cost (%)
1.881.88
Total cost (SEK)Total cost (USD)
80.849.40
Firmsort descending
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 (%)
2.27
Percentage difference between market reference rate 7.38 and exchange rate charged 7.212.27
Total cost (%)
3.663.66
Total cost (SEK)Total cost (USD)
157.3818.30
Firmsort descending
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 (%)
2.50
Percentage difference between market reference rate 7.38 and exchange rate charged 7.192.50
Total cost (%)
3.663.66
Total cost (SEK)Total cost (USD)
157.3818.30
Firmsort descending
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 (%)
2.50
Percentage difference between market reference rate 7.38 and exchange rate charged 7.192.50
Total cost (%)
5.985.98
Total cost (SEK)Total cost (USD)
257.1429.90
Firmsort descending
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 (%)
0.03
Percentage difference between market reference rate 7.38 and exchange rate charged 7.370.03
Total cost (%)
0.030.03
Total cost (SEK)Total cost (USD)
1.290.15
Firmsort descending
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
90.0010.47
Exchange rate margin (%)
10.15
Percentage difference between market reference rate 7.38 and exchange rate charged 6.6310.15
Total cost (%)
12.2412.24
Total cost (SEK)Total cost (USD)
526.3261.20
Firmsort descending
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
75.008.72
Exchange rate margin (%)
4.82
Percentage difference between market reference rate 7.38 and exchange rate charged 7.024.82
Total cost (%)
6.566.56
Total cost (SEK)Total cost (USD)
282.0832.80
Firmsort descending
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 (%)
2.84
Percentage difference between market reference rate 7.38 and exchange rate charged 7.172.84
Total cost (%)
2.842.84
Total cost (SEK)Total cost (USD)
122.1214.20
Firmsort descending
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 (%)
2.36
Percentage difference between market reference rate 7.38 and exchange rate charged 7.202.36
Total cost (%)
3.273.27
Total cost (SEK)Total cost (USD)
140.6116.35
Firmsort descending
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 (%)
0.08
Percentage difference between market reference rate 7.38 and exchange rate charged 7.370.08
Total cost (%)
0.080.08
Total cost (SEK)Total cost (USD)
3.440.40
Firmsort descending
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
180.0020.93
Exchange rate margin (%)
1.20
Percentage difference between market reference rate 7.38 and exchange rate charged 7.291.20
Total cost (%)
5.395.39
Total cost (SEK)Total cost (USD)
231.7726.95
Firmsort descending
Xpress Money
Firm type: Money Transfer Operator
 
Payment instrument
Access point
Agent
Sending network coverage
High
Transfer speed
Receiving method
Disbursing network coverage
High
Fee
150.0017.44
Exchange rate margin (%)
1.20
Percentage difference between market reference rate 7.38 and exchange rate charged 7.291.20
Total cost (%)
4.694.69
Total cost (SEK)Total cost (USD)
201.6723.45
Firmsort descending
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.
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 (%)
0.00
Percentage difference between market reference rate 1.00 and exchange rate charged 1.000.00
Total cost (%)
1.161.16
Total cost (SEK)Total cost (USD)
49.885.80
Firmsort descending
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.
Nordea Bank
Firm type: Bank
 
Payment instrument
Access point
Bank branch
Sending network coverage
High
Transfer speed
Receiving method
Disbursing network coverage
High
Fee
140.0016.28
Exchange rate margin (%)
0.00
Percentage difference between market reference rate 1.00 and exchange rate charged 1.000.00
Total cost (%)
3.263.26
Total cost (SEK)Total cost (USD)
140.1816.30
Total Average Fourth Quarter 2019
3.953.95
Total Average Third Quarter 2019
3.853.85
Total Average
Fee
59.406.91
Exchange Rate Margin (%)
2.572.57
Total Cost Percent (%)
3.953.95
Total Cost (SEK) Total Cost (USD)
169.9119.76
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
Least Costly Corridors From Sweden
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