Remittance Prices Worldwide

MAKING MARKETS MORE TRANSPARENT

From TZTanzania you can also send money to
Transfer money

Sending money from TANZANIA to UGANDA

Data collected on: Jul 28, 2020-Jul 29, 2020
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
8,260.005.09
Exchange rate margin (%)
0.97
Percentage difference between market reference rate 1.59 and exchange rate charged 1.570.97
Total cost (%)
3.523.52
Total cost (TZS)sort descendingTotal cost (USD)sort descending
11,422.407.04
Firm
EcoBank Rapid Transfer
Firm type: Money Transfer Operator
 
Payment instrument
Access point
Bank branch, Internet
Sending network coverage
High
Transfer speed
Receiving method
Bank branch
Disbursing network coverage
Medium
Fee
11,682.007.20
Exchange rate margin (%)
3.40
Percentage difference between market reference rate 1.59 and exchange rate charged 1.533.40
Total cost (%)
7.007.00
Total cost (TZS)sort descendingTotal cost (USD)sort descending
22,715.0014.00
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
17,500.0010.79
Exchange rate margin (%)
2.49
Percentage difference between market reference rate 1.59 and exchange rate charged 1.552.49
Total cost (%)
7.897.89
Total cost (TZS)sort descendingTotal cost (USD)sort descending
25,603.0515.78
Firm
KCB 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
38,940.0024.00
Exchange rate margin (%)
13.77
Percentage difference between market reference rate 1.59 and exchange rate charged 1.3713.77
Total cost (%)
25.7725.77
Total cost (TZS)sort descendingTotal cost (USD)sort descending
83,623.6551.54
Firm
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 (%)
6.05
Percentage difference between market reference rate 1.59 and exchange rate charged 1.496.05
Total cost (%)
35.5535.55
Total cost (TZS)sort descendingTotal cost (USD)sort descending
115,359.7571.10
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
126,555.0078.00
Exchange rate margin (%)
3.32
Percentage difference between market reference rate 1.59 and exchange rate charged 1.543.32
Total cost (%)
42.3242.32
Total cost (TZS)sort descendingTotal cost (USD)sort descending
137,328.4084.64
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
126,555.0078.00
Exchange rate margin (%)
4.89
Percentage difference between market reference rate 1.59 and exchange rate charged 1.514.89
Total cost (%)
43.8943.89
Total cost (TZS)sort descendingTotal cost (USD)sort descending
142,423.0587.78
Total Average Third Quarter
23.7123.71
Total Average Second Quarter
23.0723.07
Total Average
Fee
60,745.6437.44
Exchange Rate Margin (%)
4.984.98
Total Cost Percent (%)
23.7123.71
Total Cost (TZS) Total Cost (USD)
76,925.0447.41
Non-Transparent records
Bank account transfer Cash
Less than one hour Same day Next day
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 (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
23,600.0014.55
Exchange rate margin (%)
0.97
Percentage difference between market reference rate 1.59 and exchange rate charged 1.570.97
Total cost (%)
3.883.88
Total cost (TZS)sort descendingTotal cost (USD)sort descending
31,466.8019.40
Firm
EcoBank Rapid Transfer
Firm type: Money Transfer Operator
 
Payment instrument
Access point
Bank branch, Internet
Sending network coverage
High
Transfer speed
Receiving method
Bank branch
Disbursing network coverage
Medium
Fee
29,198.0018.00
Exchange rate margin (%)
3.40
Percentage difference between market reference rate 1.59 and exchange rate charged 1.533.40
Total cost (%)
7.007.00
Total cost (TZS)sort descendingTotal cost (USD)sort descending
56,770.0035.00
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 (%)
2.49
Percentage difference between market reference rate 1.59 and exchange rate charged 1.552.49
Total cost (%)
7.127.12
Total cost (TZS)sort descendingTotal cost (USD)sort descending
57,743.2035.60
Firm
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 (%)
6.05
Percentage difference between market reference rate 1.59 and exchange rate charged 1.496.05
Total cost (%)
17.8517.85
Total cost (TZS)sort descendingTotal cost (USD)sort descending
144,763.5089.25
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
126,516.0078.00
Exchange rate margin (%)
3.32
Percentage difference between market reference rate 1.59 and exchange rate charged 1.543.32
Total cost (%)
18.9218.92
Total cost (TZS)sort descendingTotal cost (USD)sort descending
153,441.2094.60
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
136,248.0084.00
Exchange rate margin (%)
4.89
Percentage difference between market reference rate 1.59 and exchange rate charged 1.514.89
Total cost (%)
21.6921.69
Total cost (TZS)sort descendingTotal cost (USD)sort descending
175,905.90108.45
Firm
KCB 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
72,990.0045.00
Exchange rate margin (%)
13.77
Percentage difference between market reference rate 1.59 and exchange rate charged 1.3713.77
Total cost (%)
22.7722.77
Total cost (TZS)sort descendingTotal cost (USD)sort descending
184,664.70113.85
Total Average Third Quarter
14.1814.18
Total Average Second Quarter
13.1213.12
Total Average
Fee
74,535.7145.95
Exchange Rate Margin (%)
4.984.98
Total Cost Percent (%)
14.1814.18
Total Cost (TZS) Total Cost (USD)
114,965.0470.88
Non-Transparent records
Bank account transfer Cash
Less than one hour Same day Next day
Bank account Cash
Least Costly Corridors To Uganda
Least Costly Corridors From Tanzania
      © 2015 The World Bank Group, All Rights Reserved