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: Nov 09, 2021-Dec 06, 2021
TZS | USD
Firm
Payment instrument
Access point
Sending network coverage
Transfer speed
<em>Transfer Speed</em> has been standardized in six broad categories.
Receiving method
Disbursing network coverage
Fee
Exchange rate margin (%)
The exchange rate margin is the cost resulting from the fact that the firm applies a rate that is different from the market reference rate. The margin is the percentage difference between the market reference rate and the exchange rate actually applied to the transaction.
Total cost (%)
The total cost of sending a remittance transfer includes: the fee charged to the sender plus the exchange rate margin.
Total cost (TZS)sort descendingTotal cost (USD)sort descending
The total cost of sending a remittance transfer includes: the fee charged to the sender plus the exchange rate margin.
Firm
EcoBank Rapid Transfer
Firm type: Money Transfer Operator
 
Payment instrument
Access point
Internet
Sending network coverage
High
Transfer speed
Receiving method
Bank branch
Disbursing network coverage
Medium
Fee
0.000.00
Exchange rate margin (%)
3.48
Percentage difference between market reference rate 1.53 and exchange rate charged 1.483.48
Total cost (%)
3.483.48
Total cost (TZS)sort descendingTotal cost (USD)sort descending
11,292.606.96
Firm
EcoBank Rapid Transfer
Firm type: Money Transfer Operator
 
Payment instrument
Access point
Bank branch
Sending network coverage
High
Transfer speed
Receiving method
Bank branch
Disbursing network coverage
Medium
Fee
9,739.806.00
Exchange rate margin (%)
3.48
Percentage difference between market reference rate 1.53 and exchange rate charged 1.483.48
Total cost (%)
6.496.49
Total cost (TZS)sort descendingTotal cost (USD)sort descending
21,060.0512.98
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 (%)
2.26
Percentage difference between market reference rate 1.54 and exchange rate charged 1.502.26
Total cost (%)
7.657.65
Total cost (TZS)sort descendingTotal cost (USD)sort descending
24,824.2515.30
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
24,469.5215.08
Exchange rate margin (%)
3.72
Percentage difference between market reference rate 1.55 and exchange rate charged 1.493.72
Total cost (%)
11.2611.26
Total cost (TZS)sort descendingTotal cost (USD)sort descending
36,538.7022.52
Firm
Stanbic Bank
Firm type: Bank
 
Payment instrument
Access point
Bank branch
Sending network coverage
Low
Transfer speed
Receiving method
Disbursing network coverage
High
Fee
78,706.0048.51
Exchange rate margin (%)
2.78
Percentage difference between market reference rate 1.54 and exchange rate charged 1.492.78
Total cost (%)
27.0327.03
Total cost (TZS)sort descendingTotal cost (USD)sort descending
87,712.3554.06
Firm
Stanbic Bank
Firm type: Bank
 
Payment instrument
Access point
Call Center
Sending network coverage
Low
Transfer speed
Receiving method
Disbursing network coverage
High
Fee
78,706.0048.51
Exchange rate margin (%)
2.92
Percentage difference between market reference rate 1.54 and exchange rate charged 1.492.92
Total cost (%)
27.1727.17
Total cost (TZS)sort descendingTotal cost (USD)sort descending
88,166.6554.34
Firm
NMB (National Microfinance Bank)
Firm type: Non-Bank FI
 
Payment instrument
Access point
Bank branch
Sending network coverage
Low
Transfer speed
Receiving method
Disbursing network coverage
High
Fee
104,625.0064.48
Exchange rate margin (%)
2.21
Percentage difference between market reference rate 1.54 and exchange rate charged 1.502.21
Total cost (%)
34.4534.45
Total cost (TZS)sort descendingTotal cost (USD)sort descending
111,790.2568.90
Firm
NMB (National Microfinance Bank)
Firm type: Non-Bank FI
 
Payment instrument
Access point
Call Center
Sending network coverage
Low
Transfer speed
Receiving method
Disbursing network coverage
High
Fee
104,625.0064.48
Exchange rate margin (%)
2.28
Percentage difference between market reference rate 1.54 and exchange rate charged 1.502.28
Total cost (%)
34.5234.52
Total cost (TZS)sort descendingTotal cost (USD)sort descending
112,017.4069.04
Firm
KCB Bank
Firm type: Bank
 
Payment instrument
Access point
Call Center
Sending network coverage
Low
Transfer speed
Receiving method
Disbursing network coverage
High
Fee
116,150.0071.59
Exchange rate margin (%)
2.26
Percentage difference between market reference rate 1.54 and exchange rate charged 1.502.26
Total cost (%)
38.0638.06
Total cost (TZS)sort descendingTotal cost (USD)sort descending
123,504.7076.12
Firm
KCB Bank
Firm type: Bank
 
Payment instrument
Access point
Bank branch
Sending network coverage
Low
Transfer speed
Receiving method
Disbursing network coverage
High
Fee
116,150.0071.59
Exchange rate margin (%)
2.74
Percentage difference between market reference rate 1.54 and exchange rate charged 1.502.74
Total cost (%)
38.5438.54
Total cost (TZS)sort descendingTotal cost (USD)sort descending
125,062.3077.08
Firm
National Bank of Commerce Ltd (NBC)
Firm type: Bank
 
Payment instrument
Access point
Bank branch
Sending network coverage
Low
Transfer speed
Receiving method
Disbursing network coverage
High
Fee
197,795.00121.91
Exchange rate margin (%)
2.65
Percentage difference between market reference rate 1.53 and exchange rate charged 1.492.65
Total cost (%)
63.6163.61
Total cost (TZS)sort descendingTotal cost (USD)sort descending
206,414.45127.22
Firm
National Bank of Commerce Ltd (NBC)
Firm type: Bank
 
Payment instrument
Access point
Call Center
Sending network coverage
Low
Transfer speed
Receiving method
Disbursing network coverage
High
Fee
197,795.00121.91
Exchange rate margin (%)
2.92
Percentage difference between market reference rate 1.54 and exchange rate charged 1.492.92
Total cost (%)
63.8763.87
Total cost (TZS)sort descendingTotal cost (USD)sort descending
207,258.15127.74
Total Average Fourth Quarter 2021
29.6829.68
Total Average Third Quarter 2021
27.5027.50
Total Average
Fee
87,188.4453.74
Exchange Rate Margin (%)
2.812.81
Total Cost Percent (%)
29.6829.68
Total Cost (TZS) Total Cost (USD)
96,303.4959.36
Non-Transparent records
Bank account transfer Cash
Less than one hour Same day 2 days 3-5 days
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
EcoBank Rapid Transfer
Firm type: Money Transfer Operator
 
Payment instrument
Access point
Internet
Sending network coverage
High
Transfer speed
Receiving method
Bank branch
Disbursing network coverage
Medium
Fee
24,330.0015.00
Exchange rate margin (%)
3.48
Percentage difference between market reference rate 1.53 and exchange rate charged 1.483.48
Total cost (%)
6.486.48
Total cost (TZS)sort descendingTotal cost (USD)sort descending
52,552.8032.40
Firm
EcoBank Rapid Transfer
Firm type: Money Transfer Operator
 
Payment instrument
Access point
Bank branch
Sending network coverage
High
Transfer speed
Receiving method
Bank branch
Disbursing network coverage
Medium
Fee
24,330.0015.00
Exchange rate margin (%)
3.48
Percentage difference between market reference rate 1.53 and exchange rate charged 1.483.48
Total cost (%)
6.486.48
Total cost (TZS)sort descendingTotal cost (USD)sort descending
52,552.8032.40
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 (%)
2.26
Percentage difference between market reference rate 1.54 and exchange rate charged 1.502.26
Total cost (%)
6.886.88
Total cost (TZS)sort descendingTotal cost (USD)sort descending
55,796.8034.40
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
41,402.8025.53
Exchange rate margin (%)
3.72
Percentage difference between market reference rate 1.55 and exchange rate charged 1.493.72
Total cost (%)
8.838.83
Total cost (TZS)sort descendingTotal cost (USD)sort descending
71,611.3044.15
Firm
Stanbic Bank
Firm type: Bank
 
Payment instrument
Access point
Bank branch
Sending network coverage
Low
Transfer speed
Receiving method
Disbursing network coverage
High
Fee
93,301.0057.52
Exchange rate margin (%)
2.78
Percentage difference between market reference rate 1.54 and exchange rate charged 1.492.78
Total cost (%)
14.2814.28
Total cost (TZS)sort descendingTotal cost (USD)sort descending
115,810.8071.40
Firm
Stanbic Bank
Firm type: Bank
 
Payment instrument
Access point
Call Center
Sending network coverage
Low
Transfer speed
Receiving method
Disbursing network coverage
High
Fee
93,301.0057.52
Exchange rate margin (%)
2.92
Percentage difference between market reference rate 1.54 and exchange rate charged 1.492.92
Total cost (%)
14.4214.42
Total cost (TZS)sort descendingTotal cost (USD)sort descending
116,946.2072.10
Firm
NMB (National Microfinance Bank)
Firm type: Non-Bank FI
 
Payment instrument
Access point
Bank branch
Sending network coverage
Low
Transfer speed
Receiving method
Disbursing network coverage
High
Fee
104,625.0064.50
Exchange rate margin (%)
2.21
Percentage difference between market reference rate 1.54 and exchange rate charged 1.502.21
Total cost (%)
15.1115.11
Total cost (TZS)sort descendingTotal cost (USD)sort descending
122,542.1075.55
Firm
NMB (National Microfinance Bank)
Firm type: Non-Bank FI
 
Payment instrument
Access point
Call Center
Sending network coverage
Low
Transfer speed
Receiving method
Disbursing network coverage
High
Fee
104,625.0064.50
Exchange rate margin (%)
2.28
Percentage difference between market reference rate 1.54 and exchange rate charged 1.502.28
Total cost (%)
15.1815.18
Total cost (TZS)sort descendingTotal cost (USD)sort descending
123,109.8075.90
Firm
KCB Bank
Firm type: Bank
 
Payment instrument
Access point
Call Center
Sending network coverage
Low
Transfer speed
Receiving method
Disbursing network coverage
High
Fee
116,150.0071.61
Exchange rate margin (%)
2.26
Percentage difference between market reference rate 1.54 and exchange rate charged 1.502.26
Total cost (%)
16.5916.59
Total cost (TZS)sort descendingTotal cost (USD)sort descending
134,544.9082.95
Firm
KCB Bank
Firm type: Bank
 
Payment instrument
Access point
Bank branch
Sending network coverage
Low
Transfer speed
Receiving method
Disbursing network coverage
High
Fee
116,150.0071.61
Exchange rate margin (%)
2.74
Percentage difference between market reference rate 1.54 and exchange rate charged 1.502.74
Total cost (%)
17.0717.07
Total cost (TZS)sort descendingTotal cost (USD)sort descending
138,437.7085.35
Firm
National Bank of Commerce Ltd (NBC)
Firm type: Bank
 
Payment instrument
Access point
Bank branch
Sending network coverage
Low
Transfer speed
Receiving method
Disbursing network coverage
High
Fee
197,795.00121.95
Exchange rate margin (%)
2.65
Percentage difference between market reference rate 1.53 and exchange rate charged 1.492.65
Total cost (%)
27.0427.04
Total cost (TZS)sort descendingTotal cost (USD)sort descending
219,294.40135.20
Firm
National Bank of Commerce Ltd (NBC)
Firm type: Bank
 
Payment instrument
Access point
Call Center
Sending network coverage
Low
Transfer speed
Receiving method
Disbursing network coverage
High
Fee
197,795.00121.95
Exchange rate margin (%)
2.92
Percentage difference between market reference rate 1.54 and exchange rate charged 1.492.92
Total cost (%)
27.3127.31
Total cost (TZS)sort descendingTotal cost (USD)sort descending
221,484.10136.55
Total Average Fourth Quarter 2021
14.6414.64
Total Average Third Quarter 2021
13.5513.55
Total Average
Fee
95,942.0759.15
Exchange Rate Margin (%)
2.812.81
Total Cost Percent (%)
14.6414.64
Total Cost (TZS) Total Cost (USD)
118,723.6473.20
Non-Transparent records
Bank account transfer Cash
Less than one hour Same day 2 days 3-5 days
Bank account Cash
Least Costly Corridors To Uganda
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