Remittance Prices Worldwide

MAKING MARKETS MORE TRANSPARENT

From GBUnited Kingdom you can also send money to

Sending money from UNITED KINGDOM to NIGERIA

Data collected on: Oct 30, 2020
GBP | USD
Payment instrument
Access point
Sending network coverage
Transfer speed
<em>Transfer Speed</em> has been standardized in six broad categories.
Receiving method
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 (GBP)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.
WorldRemit
Firm type: Money Transfer Operator
Payment instrument
Access point
Internet
Sending network coverage
High
Receiving method
Medium
0.000.00
0.33
Percentage difference between market reference rate 501.54 and exchange rate charged 499.87
0.33
0.330.33
0.400.67
WorldRemit
Firm type: Money Transfer Operator
Payment instrument
Access point
Internet
Sending network coverage
High
Receiving method
Agent
Medium
0.000.00
0.33
Percentage difference between market reference rate 501.54 and exchange rate charged 499.87
0.33
0.330.33
0.400.67
Sendwave
Firm type: Money Transfer Operator
Payment instrument
Access point
Internet
Sending network coverage
High
Receiving method
Medium
0.000.00
0.57
Percentage difference between market reference rate 501.54 and exchange rate charged 498.70
0.57
0.570.57
0.681.13
EcoBank Rapid Transfer
Firm type: Money Transfer Operator
Payment instrument
Access point
Bank branch, Internet
Sending network coverage
High
Receiving method
Bank branch
Medium
0.000.00
1.06
Percentage difference between market reference rate 501.54 and exchange rate charged 496.21
1.06
1.061.06
1.272.12
Transferwise
Firm type: Money Transfer Operator
Payment instrument
Access point
Internet
Sending network coverage
High
Receiving method
Medium
1.071.78
0.19
Percentage difference between market reference rate 501.54 and exchange rate charged 500.57
0.19
1.091.09
1.312.18
Moneyline UK
Firm type: Money Transfer Operator
Payment instrument
Access point
Call Center
Sending network coverage
High
Receiving method
Medium
1.502.50
0.00
Percentage difference between market reference rate 1.00 and exchange rate charged 1.00
0.00
1.251.25
1.502.50
Azimo
Firm type: Money Transfer Operator
Payment instrument
Access point
Internet
Sending network coverage
High
Receiving method
Medium
1.993.32
0.00
Percentage difference between market reference rate 1.00 and exchange rate charged 1.00
0.00
1.661.66
1.993.32
Lyca Remit
Firm type: Money Transfer Operator
Payment instrument
Access point
Internet
Sending network coverage
High
Receiving method
Agent
High
2.504.17
0.00
Percentage difference between market reference rate 1.00 and exchange rate charged 1.00
0.00
2.082.08
2.504.17
Small World
Firm type: Money Transfer Operator
Payment instrument
Access point
Agent
Sending network coverage
Medium
Receiving method
Agent
High
3.996.65
0.70
Percentage difference between market reference rate 501.54 and exchange rate charged 498.02
0.70
4.034.03
4.848.07
Western Union
Firm type: Money Transfer Operator
Payment instrument
Access point
Internet
Sending network coverage
High
Receiving method
Agent
High
0.901.50
3.66
Percentage difference between market reference rate 501.54 and exchange rate charged 483.20
3.66
4.414.41
5.298.82
MoneyGram
Firm type: Money Transfer Operator
Payment instrument
Access point
Internet
Sending network coverage
High
Receiving method
Agent
High
3.996.65
1.68
Percentage difference between market reference rate 501.54 and exchange rate charged 493.10
1.68
5.015.01
6.0110.02
Western Union
Firm type: Money Transfer Operator
Payment instrument
Access point
Agent
Sending network coverage
High
Receiving method
Agent
High
6.9011.50
0.16
Percentage difference between market reference rate 501.54 and exchange rate charged 500.72
0.16
5.915.91
7.0911.82
Ria
Firm type: Money Transfer Operator
Payment instrument
Access point
Internet
Sending network coverage
High
Receiving method
Medium
8.0013.33
-0.28
Percentage difference between market reference rate 501.54 and exchange rate charged 502.95
-0.28
6.396.39
7.6712.78
Ria
Firm type: Money Transfer Operator
Payment instrument
Access point
Agent
Sending network coverage
High
Receiving method
Agent
High
9.0015.00
0.00
Percentage difference between market reference rate 1.00 and exchange rate charged 1.00
0.00
7.507.50
9.0015.00
Western Union
Firm type: Money Transfer Operator
Payment instrument
Access point
Agent
Sending network coverage
High
Receiving method
Agent
High
4.908.17
3.96
Percentage difference between market reference rate 501.54 and exchange rate charged 481.69
3.96
8.048.04
9.6516.08
MoneyGram
Firm type: Money Transfer Operator
Payment instrument
Access point
Agent
Sending network coverage
High
Receiving method
Medium
7.9913.32
1.68
Percentage difference between market reference rate 501.54 and exchange rate charged 493.10
1.68
8.348.34
10.0116.68
Western Union
Firm type: Money Transfer Operator
Payment instrument
Access point
Agent
Sending network coverage
High
Receiving method
Agent
High
9.9016.50
0.16
Percentage difference between market reference rate 501.54 and exchange rate charged 500.72
0.16
8.418.41
10.0916.82
Total Average Fourth Quarter 2020
3.913.91
Total Average Third Quarter 2020
3.703.70
Total Average
Fee
3.686.14
Exchange Rate Margin (%)
0.840.84
Total Cost Percent (%)
3.913.91
Total Cost (GBP) Total Cost (USD)
4.697.81
Non-Transparent records
Bank account transfer Debit/credit card Cash
Less than one hour Same day Next day 3-5 days
Bank account Cash Mobile wallet
Payment instrument
Access point
Sending network coverage
Receiving method
EcoBank Rapid Transfer
Firm type: Money Transfer Operator
Payment instrument
Access point
Bank branch, Internet
Sending network coverage
High
Receiving method
Bank branch
Medium
N/AN/A
N/A
not available
N/A
N/AN/A
N/AN/A
WorldRemit
Firm type: Money Transfer Operator
Payment instrument
Access point
Internet
Sending network coverage
High
Receiving method
Medium
0.000.00
0.33
Percentage difference between market reference rate 501.54 and exchange rate charged 499.87
0.33
0.330.33
0.991.65
WorldRemit
Firm type: Money Transfer Operator
Payment instrument
Access point
Internet
Sending network coverage
High
Receiving method
Agent
Medium
0.000.00
0.33
Percentage difference between market reference rate 501.54 and exchange rate charged 499.87
0.33
0.330.33
0.991.65
Moneyline UK
Firm type: Money Transfer Operator
Payment instrument
Access point
Call Center
Sending network coverage
High
Receiving method
Medium
1.502.50
0.00
Percentage difference between market reference rate 1.00 and exchange rate charged 1.00
0.00
0.500.50
1.502.50
Sendwave
Firm type: Money Transfer Operator
Payment instrument
Access point
Internet
Sending network coverage
High
Receiving method
Medium
0.000.00
0.57
Percentage difference between market reference rate 501.54 and exchange rate charged 498.70
0.57
0.570.57
1.712.85
Azimo
Firm type: Money Transfer Operator
Payment instrument
Access point
Internet
Sending network coverage
High
Receiving method
Medium
1.993.32
0.00
Percentage difference between market reference rate 1.00 and exchange rate charged 1.00
0.00
0.660.66
1.983.30
Lyca Remit
Firm type: Money Transfer Operator
Payment instrument
Access point
Internet
Sending network coverage
High
Receiving method
Agent
High
2.504.17
0.00
Percentage difference between market reference rate 1.00 and exchange rate charged 1.00
0.00
0.830.83
2.494.15
Transferwise
Firm type: Money Transfer Operator
Payment instrument
Access point
Internet
Sending network coverage
High
Receiving method
Medium
1.983.30
0.19
Percentage difference between market reference rate 501.54 and exchange rate charged 500.57
0.19
0.850.85
2.554.25
Small World
Firm type: Money Transfer Operator
Payment instrument
Access point
Agent
Sending network coverage
Medium
Receiving method
Agent
High
4.998.32
0.70
Percentage difference between market reference rate 501.54 and exchange rate charged 498.02
0.70
2.362.36
7.0811.80
Ria
Firm type: Money Transfer Operator
Payment instrument
Access point
Internet
Sending network coverage
High
Receiving method
Medium
8.0013.33
-0.28
Percentage difference between market reference rate 501.54 and exchange rate charged 502.95
-0.28
2.392.39
7.1711.95
Ria
Firm type: Money Transfer Operator
Payment instrument
Access point
Agent
Sending network coverage
High
Receiving method
Agent
High
9.0015.00
0.00
Percentage difference between market reference rate 1.00 and exchange rate charged 1.00
0.00
3.003.00
9.0015.00
MoneyGram
Firm type: Money Transfer Operator
Payment instrument
Access point
Internet
Sending network coverage
High
Receiving method
Agent
High
3.996.65
1.68
Percentage difference between market reference rate 501.54 and exchange rate charged 493.10
1.68
3.013.01
9.0315.05
Western Union
Firm type: Money Transfer Operator
Payment instrument
Access point
Agent
Sending network coverage
High
Receiving method
Agent
High
8.9014.83
0.16
Percentage difference between market reference rate 501.54 and exchange rate charged 500.72
0.16
3.133.13
9.3915.65
Western Union
Firm type: Money Transfer Operator
Payment instrument
Access point
Internet
Sending network coverage
High
Receiving method
Agent
High
0.901.50
3.66
Percentage difference between market reference rate 501.54 and exchange rate charged 483.20
3.66
3.963.96
11.8819.80
MoneyGram
Firm type: Money Transfer Operator
Payment instrument
Access point
Agent
Sending network coverage
High
Receiving method
Medium
7.9913.32
1.68
Percentage difference between market reference rate 501.54 and exchange rate charged 493.10
1.68
4.354.35
13.0521.75
Western Union
Firm type: Money Transfer Operator
Payment instrument
Access point
Agent
Sending network coverage
High
Receiving method
Agent
High
4.908.17
3.96
Percentage difference between market reference rate 501.54 and exchange rate charged 481.69
3.96
5.595.59
16.7727.95
Western Union
Firm type: Money Transfer Operator
Payment instrument
Access point
Agent
Sending network coverage
High
Receiving method
Agent
High
19.9033.17
0.16
Percentage difference between market reference rate 501.54 and exchange rate charged 500.72
0.16
6.806.80
20.4034.00
Total Average Fourth Quarter 2020
2.422.42
Total Average Third Quarter 2020
2.482.48
Total Average
Fee
4.787.97
Exchange Rate Margin (%)
0.820.82
Total Cost Percent (%)
2.422.42
Total Cost (GBP) Total Cost (USD)
7.2512.08
Non-Transparent records
Bank account transfer Debit/credit card Cash
Less than one hour Same day Next day 3-5 days
Bank account Cash Mobile wallet