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: Nov 02, 2018
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)Total cost (USD)
The total cost of sending a remittance transfer includes: the fee charged to the sender plus the exchange rate margin.
Lyca Remit
Firm type: Money Transfer Operator
Payment instrument
Access point
Internet
Sending network coverage
High
Receiving method
High
2.504.17
2.02
Percentage difference between market reference rate 470.52 and exchange rate charged 461.00
2.02
4.114.11
4.938.22
Western Union
Firm type: Money Transfer Operator
Payment instrument
Access point
Agent
Sending network coverage
High
Receiving method
Agent
High
6.9011.50
4.20
Percentage difference between market reference rate 470.52 and exchange rate charged 450.76
4.20
9.959.95
11.9419.90
Transferwise
Firm type: Money Transfer Operator
Payment instrument
Access point
Internet
Sending network coverage
High
Receiving method
Medium
1.472.45
1.82
Percentage difference between market reference rate 470.52 and exchange rate charged 461.94
1.82
3.053.05
3.666.10
Western Union
Firm type: Money Transfer Operator
Payment instrument
Access point
Agent
Sending network coverage
High
Receiving method
Agent
High
6.9011.50
4.20
Percentage difference between market reference rate 470.52 and exchange rate charged 450.76
4.20
9.959.95
11.9419.90
Ria
Firm type: Money Transfer Operator
Payment instrument
Access point
Internet
Sending network coverage
High
Receiving method
Agent
High
8.0013.33
0.96
Percentage difference between market reference rate 470.52 and exchange rate charged 466.00
0.96
7.637.63
9.1615.27
MoneyGram
Firm type: Money Transfer Operator
Payment instrument
Access point
Agent
Sending network coverage
High
Receiving method
Agent
High
7.9913.32
3.34
Percentage difference between market reference rate 470.52 and exchange rate charged 454.82
3.34
10.0010.00
12.0020.00
Western Union
Firm type: Money Transfer Operator
Payment instrument
Access point
Agent
Sending network coverage
High
Receiving method
Agent
High
2.904.83
16.33
Percentage difference between market reference rate 470.52 and exchange rate charged 393.68
16.33
18.7518.75
22.5037.50
Ria
Firm type: Money Transfer Operator
Payment instrument
Access point
Agent
Sending network coverage
High
Receiving method
Agent
High
5.008.33
2.02
Percentage difference between market reference rate 470.52 and exchange rate charged 461.00
2.02
6.196.19
7.4312.38
Moneyline UK
Firm type: Money Transfer Operator
Payment instrument
Access point
Call Center
Sending network coverage
High
Receiving method
Medium
6.0010.00
0.11
Percentage difference between market reference rate 470.52 and exchange rate charged 470.00
0.11
5.115.11
6.1310.22
Small World
Firm type: Money Transfer Operator
Payment instrument
Access point
Agent
Sending network coverage
Medium
Receiving method
High
1.993.32
2.24
Percentage difference between market reference rate 470.52 and exchange rate charged 460.00
2.24
3.893.89
4.677.78
Western Union
Firm type: Money Transfer Operator
Payment instrument
Access point
Internet
Sending network coverage
High
Receiving method
Agent
High
4.908.17
5.27
Percentage difference between market reference rate 470.52 and exchange rate charged 445.71
5.27
9.369.36
11.2318.72
Azimo
Firm type: Money Transfer Operator
Payment instrument
Access point
Internet
Sending network coverage
High
Receiving method
Medium
1.492.48
1.82
Percentage difference between market reference rate 470.52 and exchange rate charged 461.94
1.82
3.073.07
3.686.13
WorldRemit
Firm type: Money Transfer Operator
Payment instrument
Access point
Internet
Sending network coverage
High
Receiving method
Medium
2.994.98
2.46
Percentage difference between market reference rate 470.52 and exchange rate charged 458.94
2.46
4.954.95
5.949.90
MoneyGram
Firm type: Money Transfer Operator
Payment instrument
Access point
Internet
Sending network coverage
High
Receiving method
Agent
High
4.908.17
3.34
Percentage difference between market reference rate 470.52 and exchange rate charged 454.82
3.34
7.427.42
8.9014.83
Total Average Fourth Quarter 2018
7.397.39
Total Average Third Quarter 2018
5.905.90
Total Average
Fee
4.577.61
Exchange Rate Margin (%)
3.583.58
Total Cost Percent (%)
7.397.39
Total Cost (GBP) Total Cost (USD)
8.8714.78
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
Ria
Firm type: Money Transfer Operator
Payment instrument
Access point
Internet
Sending network coverage
High
Receiving method
Agent
High
8.0013.33
0.96
Percentage difference between market reference rate 470.52 and exchange rate charged 466.00
0.96
3.633.63
10.8918.15
MoneyGram
Firm type: Money Transfer Operator
Payment instrument
Access point
Agent
Sending network coverage
High
Receiving method
Agent
High
7.9913.32
3.34
Percentage difference between market reference rate 470.52 and exchange rate charged 454.82
3.34
6.006.00
18.0030.00
Western Union
Firm type: Money Transfer Operator
Payment instrument
Access point
Agent
Sending network coverage
High
Receiving method
Agent
High
4.908.17
16.33
Percentage difference between market reference rate 470.52 and exchange rate charged 393.68
16.33
17.9617.96
53.8889.80
Ria
Firm type: Money Transfer Operator
Payment instrument
Access point
Agent
Sending network coverage
High
Receiving method
Agent
High
15.0025.00
2.02
Percentage difference between market reference rate 470.52 and exchange rate charged 461.00
2.02
7.027.02
21.0635.10
Moneyline UK
Firm type: Money Transfer Operator
Payment instrument
Access point
Call Center
Sending network coverage
High
Receiving method
Medium
15.0025.00
0.11
Percentage difference between market reference rate 470.52 and exchange rate charged 470.00
0.11
5.115.11
15.3325.55
Small World
Firm type: Money Transfer Operator
Payment instrument
Access point
Agent
Sending network coverage
Medium
Receiving method
High
2.994.98
2.24
Percentage difference between market reference rate 470.52 and exchange rate charged 460.00
2.24
3.233.23
9.6916.15
Western Union
Firm type: Money Transfer Operator
Payment instrument
Access point
Internet
Sending network coverage
High
Receiving method
Agent
High
9.9016.50
5.27
Percentage difference between market reference rate 470.52 and exchange rate charged 445.71
5.27
8.578.57
25.7142.85
Azimo
Firm type: Money Transfer Operator
Payment instrument
Access point
Internet
Sending network coverage
High
Receiving method
Medium
1.492.48
1.82
Percentage difference between market reference rate 470.52 and exchange rate charged 461.94
1.82
2.322.32
6.9611.60
WorldRemit
Firm type: Money Transfer Operator
Payment instrument
Access point
Internet
Sending network coverage
High
Receiving method
Medium
2.994.98
2.46
Percentage difference between market reference rate 470.52 and exchange rate charged 458.94
2.46
3.463.46
10.3817.30
MoneyGram
Firm type: Money Transfer Operator
Payment instrument
Access point
Internet
Sending network coverage
High
Receiving method
Agent
High
7.9013.17
3.34
Percentage difference between market reference rate 470.52 and exchange rate charged 454.82
3.34
5.975.97
17.9129.85
Lyca Remit
Firm type: Money Transfer Operator
Payment instrument
Access point
Internet
Sending network coverage
High
Receiving method
High
2.504.17
2.02
Percentage difference between market reference rate 470.52 and exchange rate charged 461.00
2.02
2.862.86
8.5814.30
Western Union
Firm type: Money Transfer Operator
Payment instrument
Access point
Agent
Sending network coverage
High
Receiving method
Agent
High
8.9014.83
4.20
Percentage difference between market reference rate 470.52 and exchange rate charged 450.76
4.20
7.177.17
21.5135.85
Transferwise
Firm type: Money Transfer Operator
Payment instrument
Access point
Internet
Sending network coverage
High
Receiving method
Medium
2.193.65
1.83
Percentage difference between market reference rate 470.52 and exchange rate charged 461.93
1.83
2.562.56
7.6812.80
Western Union
Firm type: Money Transfer Operator
Payment instrument
Access point
Agent
Sending network coverage
High
Receiving method
Agent
High
6.9011.50
4.20
Percentage difference between market reference rate 470.52 and exchange rate charged 450.76
4.20
6.506.50
19.5032.50
Total Average Fourth Quarter 2018
5.885.88
Total Average Third Quarter 2018
4.614.61
Total Average
Fee
6.9011.51
Exchange Rate Margin (%)
3.583.58
Total Cost Percent (%)
5.885.88
Total Cost (GBP) Total Cost (USD)
17.6529.41
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