Remittance Prices Worldwide

MAKING MARKETS MORE TRANSPARENT

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Transfer money

Sending money from TANZANIA to UGANDA

Data collected on: May 14, 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 (%)
0.07
Percentage difference between market reference rate 1.64 and exchange rate charged 1.640.07
Total cost (%)
2.612.61
Total cost (TZS)sort descendingTotal cost (USD)sort descending
8,469.455.22
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 (%)
2.66
Percentage difference between market reference rate 1.64 and exchange rate charged 1.592.66
Total cost (%)
6.266.26
Total cost (TZS)sort descendingTotal cost (USD)sort descending
20,313.7012.52
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 (%)
2.54
Percentage difference between market reference rate 1.64 and exchange rate charged 1.602.54
Total cost (%)
7.937.93
Total cost (TZS)sort descendingTotal cost (USD)sort descending
25,732.8515.86
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 (%)
2.48
Percentage difference between market reference rate 1.64 and exchange rate charged 1.602.48
Total cost (%)
14.4814.48
Total cost (TZS)sort descendingTotal cost (USD)sort descending
46,987.6028.96
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 (%)
4.90
Percentage difference between market reference rate 1.64 and exchange rate charged 1.564.90
Total cost (%)
34.4034.40
Total cost (TZS)sort descendingTotal cost (USD)sort descending
111,628.0068.80
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 (%)
2.47
Percentage difference between market reference rate 1.64 and exchange rate charged 1.602.47
Total cost (%)
41.4741.47
Total cost (TZS)sort descendingTotal cost (USD)sort descending
134,570.1582.94
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
136,290.0084.00
Exchange rate margin (%)
12.37
Percentage difference between market reference rate 1.64 and exchange rate charged 1.4412.37
Total cost (%)
54.3754.37
Total cost (TZS)sort descendingTotal cost (USD)sort descending
176,430.65108.74
Total Average Second Quarter
23.0723.07
Total Average First Quarter
22.2522.25
Total Average
Fee
62,136.3638.30
Exchange Rate Margin (%)
3.933.93
Total Cost Percent (%)
23.0723.07
Total Cost (TZS) Total Cost (USD)
74,876.0646.15
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 (%)
0.07
Percentage difference between market reference rate 1.64 and exchange rate charged 1.640.07
Total cost (%)
2.982.98
Total cost (TZS)sort descendingTotal cost (USD)sort descending
24,167.8014.90
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 (%)
2.66
Percentage difference between market reference rate 1.64 and exchange rate charged 1.592.66
Total cost (%)
6.266.26
Total cost (TZS)sort descendingTotal cost (USD)sort descending
50,768.6031.30
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 (%)
2.54
Percentage difference between market reference rate 1.64 and exchange rate charged 1.602.54
Total cost (%)
7.167.16
Total cost (TZS)sort descendingTotal cost (USD)sort descending
58,067.6035.80
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 (%)
2.48
Percentage difference between market reference rate 1.64 and exchange rate charged 1.602.48
Total cost (%)
11.4811.48
Total cost (TZS)sort descendingTotal cost (USD)sort descending
93,102.8057.40
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 (%)
4.90
Percentage difference between market reference rate 1.64 and exchange rate charged 1.564.90
Total cost (%)
16.7016.70
Total cost (TZS)sort descendingTotal cost (USD)sort descending
135,437.0083.50
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 (%)
2.47
Percentage difference between market reference rate 1.64 and exchange rate charged 1.602.47
Total cost (%)
18.0718.07
Total cost (TZS)sort descendingTotal cost (USD)sort descending
146,547.7090.35
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 (%)
12.37
Percentage difference between market reference rate 1.64 and exchange rate charged 1.4412.37
Total cost (%)
29.1729.17
Total cost (TZS)sort descendingTotal cost (USD)sort descending
236,568.70145.85
Total Average Second Quarter
13.1213.12
Total Average First Quarter
14.4914.49
Total Average
Fee
74,535.7145.95
Exchange Rate Margin (%)
3.933.93
Total Cost Percent (%)
13.1213.12
Total Cost (TZS) Total Cost (USD)
106,380.0365.59
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
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