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Transfer money

Sending money from TANZANIA to UGANDA

Data collected on: May 10, 2019
TZS | USD
Firm
Payment instrument
Access point
Sending network coverage
Transfer speed
Receiving method
Disbursing network coverage
Fee
Exchange rate margin (%)
Total cost (%)
Total cost (TZS)sort descendingTotal cost (USD)sort descending
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
7,000.004.31
Exchange rate margin (%)
1.85
Percentage difference between market reference rate 1.64 and exchange rate charged 1.611.85
Total cost (%)
4.014.01
Total cost (TZS)sort descendingTotal cost (USD)sort descending
13,012.458.02
Firm
Xpress Money
Firm type: Money Transfer Operator
 
Payment instrument
Access point
Agent
Sending network coverage
Medium
Transfer speed
Receiving method
Disbursing network coverage
High
Fee
11,000.006.78
Exchange rate margin (%)
1.12
Percentage difference between market reference rate 1.64 and exchange rate charged 1.621.12
Total cost (%)
4.514.51
Total cost (TZS)sort descendingTotal cost (USD)sort descending
14,634.959.02
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
16,760.0010.33
Exchange rate margin (%)
0.38
Percentage difference between market reference rate 1.64 and exchange rate charged 1.640.38
Total cost (%)
5.555.55
Total cost (TZS)sort descendingTotal cost (USD)sort descending
18,009.7511.10
Firm
NMB (National Microfinance Bank)
Firm type: Non-Bank FI
 
Payment instrument
Access point
Bank branch, Call Center
Sending network coverage
Low
Transfer speed
Receiving method
Disbursing network coverage
High
Fee
95,727.5059.00
Exchange rate margin (%)
2.17
Percentage difference between market reference rate 1.64 and exchange rate charged 1.612.17
Total cost (%)
31.6731.67
Total cost (TZS)sort descendingTotal cost (USD)sort descending
102,769.1563.34
Firm
National Bank of Commerce Ltd (NBC)
Firm type: Bank
 
Payment instrument
Access point
Bank branch, Call Center
Sending network coverage
Low
Transfer speed
Receiving method
Disbursing network coverage
High
Fee
95,727.5059.00
Exchange rate margin (%)
9.33
Percentage difference between market reference rate 0.64 and exchange rate charged 0.589.33
Total cost (%)
38.8338.83
Total cost (TZS)sort descendingTotal cost (USD)sort descending
126,003.3577.66
Firm
This RSP's fees are quoted only in USD. · 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.
Kenya Commercial Bank (KCB)
Firm type: Bank
 
Payment instrument
Access point
Bank branch, Call Center
Sending network coverage
Low
Transfer speed
Receiving method
Disbursing network coverage
High
Fee
48,675.0030.00
Exchange rate margin (%)
0.00
Percentage difference between market reference rate 1.00 and exchange rate charged 1.000.00
Total cost (%)
15.0015.00
Total cost (TZS)sort descendingTotal cost (USD)sort descending
48,675.0030.00
Firm
This RSP's fees are quoted only in USD. · 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.
Kenya Commercial Bank (KCB)
Firm type: Bank
 
Payment instrument
Access point
Bank branch, Call Center
Sending network coverage
Low
Transfer speed
Receiving method
Disbursing network coverage
High
Fee
81,125.0050.00
Exchange rate margin (%)
0.00
Percentage difference between market reference rate 1.00 and exchange rate charged 1.000.00
Total cost (%)
25.0025.00
Total cost (TZS)sort descendingTotal cost (USD)sort descending
81,125.0050.00
Firm
This RSP's fees are quoted only in USD. · 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.
Stanbic Bank
Firm type: Bank
 
Payment instrument
Access point
Bank branch, Call Center
Sending network coverage
Low
Transfer speed
Receiving method
Disbursing network coverage
High
Fee
95,727.5059.00
Exchange rate margin (%)
0.00
Percentage difference between market reference rate 1.00 and exchange rate charged 1.000.00
Total cost (%)
29.5029.50
Total cost (TZS)sort descendingTotal cost (USD)sort descending
95,727.5059.00
Total Average Second Quarter
19.2619.26
Total Average First Quarter
23.0123.01
Total Average
Fee
56,467.8134.80
Exchange Rate Margin (%)
1.861.86
Total Cost Percent (%)
19.2619.26
Total Cost (TZS) Total Cost (USD)
62,494.6438.52
Non-Transparent records
Bank account transfer Cash
Less than one hour Same day Next day
Bank account Cash Mobile wallet Own/partner bank account
Firm
Payment instrument
Access point
Sending network coverage
Transfer speed
Receiving method
Disbursing network coverage
Fee
Exchange rate margin (%)
Total cost (%)
Total cost (TZS)sort descendingTotal cost (USD)sort descending
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
20,000.0012.33
Exchange rate margin (%)
1.85
Percentage difference between market reference rate 1.64 and exchange rate charged 1.611.85
Total cost (%)
4.324.32
Total cost (TZS)sort descendingTotal cost (USD)sort descending
35,035.2021.60
Firm
Xpress Money
Firm type: Money Transfer Operator
 
Payment instrument
Access point
Agent
Sending network coverage
Medium
Transfer speed
Receiving method
Disbursing network coverage
High
Fee
28,000.0017.26
Exchange rate margin (%)
1.12
Percentage difference between market reference rate 1.64 and exchange rate charged 1.621.12
Total cost (%)
4.574.57
Total cost (TZS)sort descendingTotal cost (USD)sort descending
37,062.7022.85
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
37,500.0023.12
Exchange rate margin (%)
0.38
Percentage difference between market reference rate 1.64 and exchange rate charged 1.640.38
Total cost (%)
5.015.01
Total cost (TZS)sort descendingTotal cost (USD)sort descending
40,631.1025.05
Firm
NMB (National Microfinance Bank)
Firm type: Non-Bank FI
 
Payment instrument
Access point
Bank branch, Call Center
Sending network coverage
Low
Transfer speed
Receiving method
Disbursing network coverage
High
Fee
95,698.0059.00
Exchange rate margin (%)
2.17
Percentage difference between market reference rate 1.64 and exchange rate charged 1.612.17
Total cost (%)
13.9713.97
Total cost (TZS)sort descendingTotal cost (USD)sort descending
113,296.7069.85
Firm
National Bank of Commerce Ltd (NBC)
Firm type: Bank
 
Payment instrument
Access point
Bank branch, Call Center
Sending network coverage
Low
Transfer speed
Receiving method
Disbursing network coverage
High
Fee
95,698.0059.00
Exchange rate margin (%)
9.33
Percentage difference between market reference rate 0.64 and exchange rate charged 0.589.33
Total cost (%)
21.1321.13
Total cost (TZS)sort descendingTotal cost (USD)sort descending
171,364.30105.65
Firm
This RSP's fees are quoted only in USD. · 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.
Kenya Commercial Bank (KCB)
Firm type: Bank
 
Payment instrument
Access point
Bank branch, Call Center
Sending network coverage
Low
Transfer speed
Receiving method
Disbursing network coverage
High
Fee
48,660.0030.00
Exchange rate margin (%)
0.00
Percentage difference between market reference rate 1.00 and exchange rate charged 1.000.00
Total cost (%)
6.006.00
Total cost (TZS)sort descendingTotal cost (USD)sort descending
48,660.0030.00
Firm
This RSP's fees are quoted only in USD. · 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.
Kenya Commercial Bank (KCB)
Firm type: Bank
 
Payment instrument
Access point
Bank branch, Call Center
Sending network coverage
Low
Transfer speed
Receiving method
Disbursing network coverage
High
Fee
81,100.0050.00
Exchange rate margin (%)
0.00
Percentage difference between market reference rate 1.00 and exchange rate charged 1.000.00
Total cost (%)
10.0010.00
Total cost (TZS)sort descendingTotal cost (USD)sort descending
81,100.0050.00
Firm
This RSP's fees are quoted only in USD. · 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.
Stanbic Bank
Firm type: Bank
 
Payment instrument
Access point
Bank branch, Call Center
Sending network coverage
Low
Transfer speed
Receiving method
Disbursing network coverage
High
Fee
95,698.0059.00
Exchange rate margin (%)
0.00
Percentage difference between market reference rate 1.00 and exchange rate charged 1.000.00
Total cost (%)
11.8011.80
Total cost (TZS)sort descendingTotal cost (USD)sort descending
95,698.0059.00
Total Average Second Quarter
9.609.60
Total Average First Quarter
13.9213.92
Total Average
Fee
62,794.2538.71
Exchange Rate Margin (%)
1.861.86
Total Cost Percent (%)
9.609.60
Total Cost (TZS) Total Cost (USD)
77,856.0048.00
Non-Transparent records
Bank account transfer Cash
Less than one hour Same day Next day
Bank account Cash Mobile wallet Own/partner bank account
Least Costly Corridors To Uganda
Least Costly Corridors From Tanzania
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