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Transfer money

Sending money from UNITED KINGDOM to GHANA

Data collected on: Oct 30, 2019
GBP | USD
Firm
Payment instrument
Access point
Sending network coverage
Transfer speed
Receiving method
Disbursing network coverage
Fee
Exchange rate margin (%)
Total cost (%)
Total cost (GBP)Total cost (USD)
Firm
Unity Link
Firm type: Money Transfer Operator
 
Payment instrument
Access point
Internet
Sending network coverage
High
Transfer speed
Receiving method
Disbursing network coverage
High
Fee
2.904.83
Exchange rate margin (%)
0.05
Percentage difference between market reference rate 6.87 and exchange rate charged 6.860.05
Total cost (%)
2.462.46
Total cost (GBP)Total cost (USD)
2.954.92
Firm
Azimo
Firm type: Money Transfer Operator
 
Payment instrument
Access point
Internet
Sending network coverage
High
Transfer speed
Receiving method
Agent
Disbursing network coverage
High
Fee
2.994.98
Exchange rate margin (%)
5.05
Percentage difference between market reference rate 7.08 and exchange rate charged 6.725.05
Total cost (%)
7.557.55
Total cost (GBP)Total cost (USD)
9.0615.10
Firm
Wave
Firm type: Money Transfer Operator
 
Payment instrument
Access point
Internet
Sending network coverage
High
Transfer speed
Receiving method
Disbursing network coverage
High
Fee
0.000.00
Exchange rate margin (%)
1.28
Percentage difference between market reference rate 6.87 and exchange rate charged 6.781.28
Total cost (%)
1.281.28
Total cost (GBP)Total cost (USD)
1.542.57
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
High
Fee
3.606.00
Exchange rate margin (%)
4.74
Percentage difference between market reference rate 7.08 and exchange rate charged 6.754.74
Total cost (%)
7.747.74
Total cost (GBP)Total cost (USD)
9.2915.48
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
8.9014.83
Exchange rate margin (%)
1.69
Percentage difference between market reference rate 6.87 and exchange rate charged 6.751.69
Total cost (%)
9.109.10
Total cost (GBP)Total cost (USD)
10.9218.20
Firm
First African Remittances
Firm type: Money Transfer Operator
 
Payment instrument
Access point
Agent
Sending network coverage
High
Transfer speed
Receiving method
Agent
Disbursing network coverage
High
Fee
5.008.33
Exchange rate margin (%)
4.40
Percentage difference between market reference rate 7.08 and exchange rate charged 6.774.40
Total cost (%)
8.578.57
Total cost (GBP)Total cost (USD)
10.2817.13
Firm
Western Union
Firm type: Money Transfer Operator
 
Payment instrument
Access point
Internet
Sending network coverage
High
Transfer speed
Receiving method
Agent
Disbursing network coverage
High
Fee
1.903.17
Exchange rate margin (%)
3.35
Percentage difference between market reference rate 6.87 and exchange rate charged 6.643.35
Total cost (%)
4.934.93
Total cost (GBP)Total cost (USD)
5.929.87
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
2.904.83
Exchange rate margin (%)
4.00
Percentage difference between market reference rate 6.87 and exchange rate charged 6.594.00
Total cost (%)
6.416.41
Total cost (GBP)Total cost (USD)
7.6912.82
Firm
WorldRemit
Firm type: Money Transfer Operator
 
Payment instrument
Access point
Internet
Sending network coverage
High
Transfer speed
Receiving method
Disbursing network coverage
High
Fee
3.996.65
Exchange rate margin (%)
2.55
Percentage difference between market reference rate 6.87 and exchange rate charged 6.692.55
Total cost (%)
5.875.87
Total cost (GBP)Total cost (USD)
7.0411.73
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
7.9913.32
Exchange rate margin (%)
1.80
Percentage difference between market reference rate 6.87 and exchange rate charged 6.741.80
Total cost (%)
8.468.46
Total cost (GBP)Total cost (USD)
10.1516.92
Firm
MoneyGram
Firm type: Money Transfer Operator
 
Payment instrument
Access point
Internet
Sending network coverage
High
Transfer speed
Receiving method
Agent
Disbursing network coverage
High
Fee
3.996.65
Exchange rate margin (%)
1.25
Percentage difference between market reference rate 6.87 and exchange rate charged 6.781.25
Total cost (%)
4.584.58
Total cost (GBP)Total cost (USD)
5.509.17
Firm
Ria
Firm type: Money Transfer Operator
 
Payment instrument
Access point
Agent
Sending network coverage
High
Transfer speed
Receiving method
Agent
Disbursing network coverage
High
Fee
4.808.00
Exchange rate margin (%)
0.55
Percentage difference between market reference rate 6.87 and exchange rate charged 6.830.55
Total cost (%)
4.554.55
Total cost (GBP)Total cost (USD)
5.469.10
Firm
Ria
Firm type: Money Transfer Operator
 
Payment instrument
Access point
Internet
Sending network coverage
High
Transfer speed
Receiving method
Agent
Disbursing network coverage
High
Fee
4.006.67
Exchange rate margin (%)
-1.43
Percentage difference between market reference rate 6.87 and exchange rate charged 6.97-1.43
Total cost (%)
1.901.90
Total cost (GBP)Total cost (USD)
2.283.80
Firm
Small World
Firm type: Money Transfer Operator
 
Payment instrument
Access point
Agent
Sending network coverage
High
Transfer speed
Receiving method
Agent
Disbursing network coverage
High
Fee
2.994.98
Exchange rate margin (%)
0.07
Percentage difference between market reference rate 6.87 and exchange rate charged 6.860.07
Total cost (%)
2.562.56
Total cost (GBP)Total cost (USD)
3.075.12
Firm
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. · Service for members
Ghana International Bank
Firm type: Bank
 
Payment instrument
Access point
Bank branch, Call Center
Sending network coverage
High
Transfer speed
Receiving method
Disbursing network coverage
High
Fee
20.0033.33
Exchange rate margin (%)
0.00
Percentage difference between market reference rate 1.00 and exchange rate charged 1.000.00
Total cost (%)
16.6716.67
Total cost (GBP)Total cost (USD)
20.0033.33
Firm
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.
Ghana International Bank
Firm type: Bank
 
Payment instrument
Access point
Bank branch, Call Center
Sending network coverage
High
Transfer speed
Receiving method
Disbursing network coverage
High
Fee
25.0041.67
Exchange rate margin (%)
0.00
Percentage difference between market reference rate 1.00 and exchange rate charged 1.000.00
Total cost (%)
20.8320.83
Total cost (GBP)Total cost (USD)
25.0041.67
Total Average Fourth Quarter 2019
7.097.09
Total Average Third Quarter 2019
6.816.81
Total Average
Fee
6.3110.52
Exchange Rate Margin (%)
1.831.83
Total Cost Percent (%)
7.097.09
Total Cost (GBP) Total Cost (USD)
8.5114.18
Non-Transparent records
Bank account transfer Debit/credit card Cash
Less than one hour Same day 3-5 days
Bank account Cash Mobile wallet
Firm
Payment instrument
Access point
Sending network coverage
Transfer speed
Receiving method
Disbursing network coverage
Feesort descending
Exchange rate margin (%)
Total cost (%)
Total cost (GBP)Total cost (USD)
Firm
Wave
Firm type: Money Transfer Operator
 
Payment instrument
Access point
Internet
Sending network coverage
High
Transfer speed
Receiving method
Disbursing network coverage
High
Feesort descending
0.000.00
Exchange rate margin (%)
1.28
Percentage difference between market reference rate 6.87 and exchange rate charged 6.781.28
Total cost (%)
1.281.28
Total cost (GBP)Total cost (USD)
3.846.40
Firm
Western Union
Firm type: Money Transfer Operator
 
Payment instrument
Access point
Internet
Sending network coverage
High
Transfer speed
Receiving method
Agent
Disbursing network coverage
High
Feesort descending
1.903.17
Exchange rate margin (%)
3.35
Percentage difference between market reference rate 6.87 and exchange rate charged 6.643.35
Total cost (%)
3.983.98
Total cost (GBP)Total cost (USD)
11.9419.90
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
Feesort descending
2.904.83
Exchange rate margin (%)
4.00
Percentage difference between market reference rate 6.87 and exchange rate charged 6.594.00
Total cost (%)
4.964.96
Total cost (GBP)Total cost (USD)
14.8824.80
Firm
Azimo
Firm type: Money Transfer Operator
 
Payment instrument
Access point
Internet
Sending network coverage
High
Transfer speed
Receiving method
Agent
Disbursing network coverage
High
Feesort descending
2.994.98
Exchange rate margin (%)
5.05
Percentage difference between market reference rate 7.08 and exchange rate charged 6.725.05
Total cost (%)
6.056.05
Total cost (GBP)Total cost (USD)
18.1530.25
Firm
MoneyGram
Firm type: Money Transfer Operator
 
Payment instrument
Access point
Internet
Sending network coverage
High
Transfer speed
Receiving method
Agent
Disbursing network coverage
High
Feesort descending
3.996.65
Exchange rate margin (%)
1.25
Percentage difference between market reference rate 6.87 and exchange rate charged 6.781.25
Total cost (%)
2.582.58
Total cost (GBP)Total cost (USD)
7.7412.90
Firm
Ria
Firm type: Money Transfer Operator
 
Payment instrument
Access point
Internet
Sending network coverage
High
Transfer speed
Receiving method
Agent
Disbursing network coverage
High
Feesort descending
4.006.67
Exchange rate margin (%)
-1.43
Percentage difference between market reference rate 6.87 and exchange rate charged 6.97-1.43
Total cost (%)
-0.10-0.10
Total cost (GBP)Total cost (USD)
-0.30-0.50
Firm
WorldRemit
Firm type: Money Transfer Operator
 
Payment instrument
Access point
Internet
Sending network coverage
High
Transfer speed
Receiving method
Disbursing network coverage
High
Feesort descending
4.998.32
Exchange rate margin (%)
2.55
Percentage difference between market reference rate 6.87 and exchange rate charged 6.692.55
Total cost (%)
4.214.21
Total cost (GBP)Total cost (USD)
12.6321.05
Firm
Small World
Firm type: Money Transfer Operator
 
Payment instrument
Access point
Agent
Sending network coverage
High
Transfer speed
Receiving method
Agent
Disbursing network coverage
High
Feesort descending
4.998.32
Exchange rate margin (%)
0.07
Percentage difference between market reference rate 6.87 and exchange rate charged 6.860.07
Total cost (%)
1.731.73
Total cost (GBP)Total cost (USD)
5.198.65
Firm
First African Remittances
Firm type: Money Transfer Operator
 
Payment instrument
Access point
Agent
Sending network coverage
High
Transfer speed
Receiving method
Agent
Disbursing network coverage
High
Feesort descending
5.509.17
Exchange rate margin (%)
4.40
Percentage difference between market reference rate 7.08 and exchange rate charged 6.774.40
Total cost (%)
6.246.24
Total cost (GBP)Total cost (USD)
18.7231.20
Firm
Unity Link
Firm type: Money Transfer Operator
 
Payment instrument
Access point
Internet
Sending network coverage
High
Transfer speed
Receiving method
Disbursing network coverage
High
Feesort descending
5.909.83
Exchange rate margin (%)
0.05
Percentage difference between market reference rate 6.87 and exchange rate charged 6.860.05
Total cost (%)
2.012.01
Total cost (GBP)Total cost (USD)
6.0310.05
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
Feesort descending
7.9913.32
Exchange rate margin (%)
1.80
Percentage difference between market reference rate 6.87 and exchange rate charged 6.741.80
Total cost (%)
4.474.47
Total cost (GBP)Total cost (USD)
13.4122.35
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
Feesort descending
8.9014.83
Exchange rate margin (%)
1.69
Percentage difference between market reference rate 6.87 and exchange rate charged 6.751.69
Total cost (%)
4.654.65
Total cost (GBP)Total cost (USD)
13.9523.25
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
High
Feesort descending
9.0015.00
Exchange rate margin (%)
4.74
Percentage difference between market reference rate 7.08 and exchange rate charged 6.754.74
Total cost (%)
7.747.74
Total cost (GBP)Total cost (USD)
23.2238.70
Firm
Ria
Firm type: Money Transfer Operator
 
Payment instrument
Access point
Agent
Sending network coverage
High
Transfer speed
Receiving method
Agent
Disbursing network coverage
High
Feesort descending
12.0020.00
Exchange rate margin (%)
0.55
Percentage difference between market reference rate 6.87 and exchange rate charged 6.830.55
Total cost (%)
4.554.55
Total cost (GBP)Total cost (USD)
13.6522.75
Firm
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. · Service for members
Ghana International Bank
Firm type: Bank
 
Payment instrument
Access point
Bank branch, Call Center
Sending network coverage
High
Transfer speed
Receiving method
Disbursing network coverage
High
Feesort descending
20.0033.33
Exchange rate margin (%)
0.00
Percentage difference between market reference rate 1.00 and exchange rate charged 1.000.00
Total cost (%)
6.676.67
Total cost (GBP)Total cost (USD)
20.0133.35
Firm
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.
Ghana International Bank
Firm type: Bank
 
Payment instrument
Access point
Bank branch, Call Center
Sending network coverage
High
Transfer speed
Receiving method
Disbursing network coverage
High
Feesort descending
25.0041.67
Exchange rate margin (%)
0.00
Percentage difference between market reference rate 1.00 and exchange rate charged 1.000.00
Total cost (%)
8.338.33
Total cost (GBP)Total cost (USD)
24.9941.65
Total Average Fourth Quarter 2019
4.334.33
Total Average Third Quarter 2019
3.943.94
Total Average
Fee
7.5012.51
Exchange Rate Margin (%)
1.831.83
Total Cost Percent (%)
4.334.33
Total Cost (GBP) Total Cost (USD)
13.0021.67
Non-Transparent records
Bank account transfer Debit/credit card Cash
Less than one hour Same day 3-5 days
Bank account Cash Mobile wallet
Least Costly Corridors To Ghana
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