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Transfer money

Sending money from TANZANIA to UGANDA

Data collected on: Oct 30, 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 (%)
-0.04
Percentage difference between market reference rate 1.61 and exchange rate charged 1.61-0.04
Total cost (%)
1.811.81
Total cost (TZS)sort descendingTotal cost (USD)sort descending
5,873.453.62
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
97.350.06
Exchange rate margin (%)
3.20
Percentage difference between market reference rate 1.61 and exchange rate charged 1.553.20
Total cost (%)
3.233.23
Total cost (TZS)sort descendingTotal cost (USD)sort descending
10,481.356.46
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
14,388.008.87
Exchange rate margin (%)
0.74
Percentage difference between market reference rate 1.61 and exchange rate charged 1.590.74
Total cost (%)
5.175.17
Total cost (TZS)sort descendingTotal cost (USD)sort descending
16,776.6510.34
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
17,405.0010.73
Exchange rate margin (%)
2.09
Percentage difference between market reference rate 1.61 and exchange rate charged 1.572.09
Total cost (%)
7.467.46
Total cost (TZS)sort descendingTotal cost (USD)sort descending
24,207.7014.92
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 (%)
2.46
Percentage difference between market reference rate 1.61 and exchange rate charged 1.572.46
Total cost (%)
31.9631.96
Total cost (TZS)sort descendingTotal cost (USD)sort descending
103,710.2063.92
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 (%)
4.08
Percentage difference between market reference rate 1.61 and exchange rate charged 1.544.08
Total cost (%)
46.0846.08
Total cost (TZS)sort descendingTotal cost (USD)sort descending
149,529.6092.16
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
38,940.0024.00
Exchange rate margin (%)
0.00
Percentage difference between market reference rate 1.00 and exchange rate charged 1.000.00
Total cost (%)
12.0012.00
Total cost (TZS)sort descendingTotal cost (USD)sort descending
38,940.0024.00
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 Fourth Quarter 2019
17.1517.15
Total Average Third Quarter 2019
18.0318.03
Total Average
Fee
50,571.9231.17
Exchange Rate Margin (%)
1.571.57
Total Cost Percent (%)
17.1517.15
Total Cost (TZS) Total Cost (USD)
55,655.8134.30
Non-Transparent records
Bank account transfer Cash
Less than one hour Same day Next day
Bank account Cash Mobile wallet
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 (%)
-0.04
Percentage difference between market reference rate 1.61 and exchange rate charged 1.61-0.04
Total cost (%)
1.931.93
Total cost (TZS)sort descendingTotal cost (USD)sort descending
15,652.309.65
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
22,270.0013.73
Exchange rate margin (%)
2.09
Percentage difference between market reference rate 1.61 and exchange rate charged 1.572.09
Total cost (%)
4.844.84
Total cost (TZS)sort descendingTotal cost (USD)sort descending
39,252.4024.20
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
35,954.0022.17
Exchange rate margin (%)
0.74
Percentage difference between market reference rate 1.61 and exchange rate charged 1.590.74
Total cost (%)
5.175.17
Total cost (TZS)sort descendingTotal cost (USD)sort descending
41,928.7025.85
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
24,330.0015.00
Exchange rate margin (%)
3.20
Percentage difference between market reference rate 1.61 and exchange rate charged 1.553.20
Total cost (%)
6.206.20
Total cost (TZS)sort descendingTotal cost (USD)sort descending
50,282.0031.00
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 (%)
2.46
Percentage difference between market reference rate 1.61 and exchange rate charged 1.572.46
Total cost (%)
14.2614.26
Total cost (TZS)sort descendingTotal cost (USD)sort descending
115,648.6071.30
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 (%)
4.08
Percentage difference between market reference rate 1.61 and exchange rate charged 1.544.08
Total cost (%)
20.8820.88
Total cost (TZS)sort descendingTotal cost (USD)sort descending
169,336.80104.40
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
76,234.0047.00
Exchange rate margin (%)
0.00
Percentage difference between market reference rate 1.00 and exchange rate charged 1.000.00
Total cost (%)
9.409.40
Total cost (TZS)sort descendingTotal cost (USD)sort descending
76,234.0047.00
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 Fourth Quarter 2019
9.319.31
Total Average Third Quarter 2019
9.559.55
Total Average
Fee
62,804.0038.72
Exchange Rate Margin (%)
1.571.57
Total Cost Percent (%)
9.319.31
Total Cost (TZS) Total Cost (USD)
75,504.1046.55
Non-Transparent records
Bank account transfer Cash
Less than one hour Same day Next day
Bank account Cash Mobile wallet
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