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Transfer money

Sending money from TANZANIA to UGANDA

Data collected on: Sep 12, 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
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
6,000.003.70
Exchange rate margin (%)
-0.02
Percentage difference between market reference rate 1.59 and exchange rate charged 1.59-0.02
Total cost (%)
1.831.83
Total cost (TZS)sort descendingTotal cost (USD)sort descending
5,938.353.66
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 (%)
1.22
Percentage difference between market reference rate 1.59 and exchange rate charged 1.581.22
Total cost (%)
3.773.77
Total cost (TZS)sort descendingTotal cost (USD)sort descending
12,233.657.54
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
14,638.009.02
Exchange rate margin (%)
2.48
Percentage difference between market reference rate 1.59 and exchange rate charged 1.562.48
Total cost (%)
6.996.99
Total cost (TZS)sort descendingTotal cost (USD)sort descending
22,682.5513.98
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
18,880.0011.64
Exchange rate margin (%)
3.08
Percentage difference between market reference rate 1.59 and exchange rate charged 1.553.08
Total cost (%)
8.898.89
Total cost (TZS)sort descendingTotal cost (USD)sort descending
28,848.0517.78
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 (%)
2.54
Percentage difference between market reference rate 1.59 and exchange rate charged 1.552.54
Total cost (%)
32.0432.04
Total cost (TZS)sort descendingTotal cost (USD)sort descending
103,969.8064.08
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 (%)
9.72
Percentage difference between market reference rate 1.59 and exchange rate charged 1.449.72
Total cost (%)
39.2239.22
Total cost (TZS)sort descendingTotal cost (USD)sort descending
127,268.9078.44
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 Third Quarter
18.0318.03
Total Average Second Quarter
19.2619.26
Total Average
Fee
51,640.0631.83
Exchange Rate Margin (%)
2.112.11
Total Cost Percent (%)
18.0318.03
Total Cost (TZS) Total Cost (USD)
58,496.5336.05
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
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
16,000.009.86
Exchange rate margin (%)
-0.02
Percentage difference between market reference rate 1.59 and exchange rate charged 1.59-0.02
Total cost (%)
1.951.95
Total cost (TZS)sort descendingTotal cost (USD)sort descending
15,814.509.75
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
23,600.0014.55
Exchange rate margin (%)
1.22
Percentage difference between market reference rate 1.59 and exchange rate charged 1.581.22
Total cost (%)
4.134.13
Total cost (TZS)sort descendingTotal cost (USD)sort descending
33,494.3020.65
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
36,585.0022.56
Exchange rate margin (%)
2.48
Percentage difference between market reference rate 1.59 and exchange rate charged 1.562.48
Total cost (%)
6.996.99
Total cost (TZS)sort descendingTotal cost (USD)sort descending
56,688.9034.95
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
49,796.0030.70
Exchange rate margin (%)
3.08
Percentage difference between market reference rate 1.59 and exchange rate charged 1.553.08
Total cost (%)
9.229.22
Total cost (TZS)sort descendingTotal cost (USD)sort descending
74,774.2046.10
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
95,698.0059.00
Exchange rate margin (%)
2.54
Percentage difference between market reference rate 1.59 and exchange rate charged 1.552.54
Total cost (%)
14.3414.34
Total cost (TZS)sort descendingTotal cost (USD)sort descending
116,297.4071.70
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 (%)
9.72
Percentage difference between market reference rate 1.59 and exchange rate charged 1.449.72
Total cost (%)
21.5221.52
Total cost (TZS)sort descendingTotal cost (USD)sort descending
174,527.20107.60
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 Third Quarter
9.559.55
Total Average Second Quarter
9.609.60
Total Average
Fee
60,315.0037.19
Exchange Rate Margin (%)
2.112.11
Total Cost Percent (%)
9.559.55
Total Cost (TZS) Total Cost (USD)
77,450.5047.75
Non-Transparent records
Bank account transfer Cash
Less than one hour Same day Next day
Bank account Cash Mobile wallet Own/partner bank account
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