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: May 13, 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)Total cost (USD)
The total cost of sending a remittance transfer includes: the fee charged to the sender plus the exchange rate margin.
Western Union
Firm type: Money Transfer Operator
Payment instrument
Access point
Agent
Sending network coverage
High
Receiving method
Agent
High
6.9011.50
6.61
Percentage difference between market reference rate 477.42 and exchange rate charged 445.88
6.61
12.3612.36
14.8324.72
Azimo
Firm type: Money Transfer Operator
Payment instrument
Access point
Internet
Sending network coverage
High
Receiving method
Medium
1.993.32
1.54
Percentage difference between market reference rate 477.42 and exchange rate charged 470.06
1.54
3.203.20
3.846.40
Western Union
Firm type: Money Transfer Operator
Payment instrument
Access point
Agent
Sending network coverage
High
Receiving method
Agent
High
4.908.17
5.69
Percentage difference between market reference rate 477.42 and exchange rate charged 450.27
5.69
9.779.77
11.7219.53
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
4.16
Percentage difference between market reference rate 477.42 and exchange rate charged 457.56
4.16
4.164.16
4.998.32
Western Union
Firm type: Money Transfer Operator
Payment instrument
Access point
Internet
Sending network coverage
High
Receiving method
Agent
High
2.904.83
5.49
Percentage difference between market reference rate 477.42 and exchange rate charged 451.20
5.49
7.917.91
9.4915.82
Lyca Remit
Firm type: Money Transfer Operator
Payment instrument
Access point
Internet
Sending network coverage
High
Receiving method
High
2.504.17
4.11
Percentage difference between market reference rate 477.42 and exchange rate charged 457.78
4.11
6.206.20
7.4412.40
Western Union
Firm type: Money Transfer Operator
Payment instrument
Access point
Agent
Sending network coverage
High
Receiving method
Agent
High
9.9016.50
6.46
Percentage difference between market reference rate 477.42 and exchange rate charged 446.57
6.46
14.7114.71
17.6529.42
MoneyGram
Firm type: Money Transfer Operator
Payment instrument
Access point
Agent
Sending network coverage
High
Receiving method
Medium
7.9913.32
4.06
Percentage difference between market reference rate 477.42 and exchange rate charged 458.04
4.06
10.7210.72
12.8621.43
WorldRemit
Firm type: Money Transfer Operator
Payment instrument
Access point
Internet
Sending network coverage
High
Receiving method
Medium
1.993.32
4.25
Percentage difference between market reference rate 477.42 and exchange rate charged 457.15
4.25
5.905.90
7.0811.80
MoneyGram
Firm type: Money Transfer Operator
Payment instrument
Access point
Internet
Sending network coverage
High
Receiving method
Agent
High
3.996.65
4.54
Percentage difference between market reference rate 477.42 and exchange rate charged 455.73
4.54
7.877.87
9.4415.73
WorldRemit
Firm type: Money Transfer Operator
Payment instrument
Access point
Internet
Sending network coverage
High
Receiving method
Agent
Medium
2.994.98
4.44
Percentage difference between market reference rate 477.42 and exchange rate charged 456.23
4.44
6.936.93
8.3213.87
Moneyline UK
Firm type: Money Transfer Operator
Payment instrument
Access point
Call Center
Sending network coverage
High
Receiving method
Medium
1.502.50
-3.68
Percentage difference between market reference rate 477.42 and exchange rate charged 495.00
-3.68
-2.43-2.43
-2.92-4.87
Ria
Firm type: Money Transfer Operator
Payment instrument
Access point
Agent
Sending network coverage
High
Receiving method
Agent
High
6.0010.00
2.60
Percentage difference between market reference rate 477.42 and exchange rate charged 465.00
2.60
7.607.60
9.1215.20
Ria
Firm type: Money Transfer Operator
Payment instrument
Access point
Internet
Sending network coverage
High
Receiving method
Agent
High
8.0013.33
2.81
Percentage difference between market reference rate 477.42 and exchange rate charged 464.00
2.81
9.489.48
11.3818.97
Small World
Firm type: Money Transfer Operator
Payment instrument
Access point
Agent
Sending network coverage
Medium
Receiving method
High
1.993.32
-0.12
Percentage difference between market reference rate 477.42 and exchange rate charged 478.00
-0.12
1.541.54
1.853.08
Transferwise
Firm type: Money Transfer Operator
Payment instrument
Access point
Internet
Sending network coverage
High
Receiving method
Medium
1.452.42
3.58
Percentage difference between market reference rate 477.42 and exchange rate charged 460.34
3.58
4.794.79
5.759.58
Total Average Second Quarter 2020
6.926.92
Total Average First Quarter 2020
8.658.65
Total Average
Fee
4.066.77
Exchange Rate Margin (%)
3.533.53
Total Cost Percent (%)
6.926.92
Total Cost (GBP) Total Cost (USD)
8.3013.84
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
Western Union
Firm type: Money Transfer Operator
Payment instrument
Access point
Agent
Sending network coverage
High
Receiving method
Agent
High
19.9033.17
6.46
Percentage difference between market reference rate 477.42 and exchange rate charged 446.57
6.46
13.0913.09
39.2765.45
Western Union
Firm type: Money Transfer Operator
Payment instrument
Access point
Agent
Sending network coverage
High
Receiving method
Agent
High
8.9014.83
6.61
Percentage difference between market reference rate 477.42 and exchange rate charged 445.88
6.61
9.579.57
28.7147.85
Ria
Firm type: Money Transfer Operator
Payment instrument
Access point
Agent
Sending network coverage
High
Receiving method
Agent
High
15.0025.00
2.60
Percentage difference between market reference rate 477.42 and exchange rate charged 465.00
2.60
7.607.60
22.8038.00
Western Union
Firm type: Money Transfer Operator
Payment instrument
Access point
Agent
Sending network coverage
High
Receiving method
Agent
High
4.908.17
5.69
Percentage difference between market reference rate 477.42 and exchange rate charged 450.27
5.69
7.327.32
21.9636.60
MoneyGram
Firm type: Money Transfer Operator
Payment instrument
Access point
Agent
Sending network coverage
High
Receiving method
Medium
7.9913.32
4.06
Percentage difference between market reference rate 477.42 and exchange rate charged 458.04
4.06
6.726.72
20.1633.60
Western Union
Firm type: Money Transfer Operator
Payment instrument
Access point
Internet
Sending network coverage
High
Receiving method
Agent
High
2.904.83
5.49
Percentage difference between market reference rate 477.42 and exchange rate charged 451.20
5.49
6.466.46
19.3832.30
MoneyGram
Firm type: Money Transfer Operator
Payment instrument
Access point
Internet
Sending network coverage
High
Receiving method
Agent
High
3.996.65
4.54
Percentage difference between market reference rate 477.42 and exchange rate charged 455.73
4.54
5.875.87
17.6129.35
Ria
Firm type: Money Transfer Operator
Payment instrument
Access point
Internet
Sending network coverage
High
Receiving method
Agent
High
8.0013.33
2.81
Percentage difference between market reference rate 477.42 and exchange rate charged 464.00
2.81
5.485.48
16.4427.40
WorldRemit
Firm type: Money Transfer Operator
Payment instrument
Access point
Internet
Sending network coverage
High
Receiving method
Agent
Medium
2.994.98
4.44
Percentage difference between market reference rate 477.42 and exchange rate charged 456.23
4.44
5.445.44
16.3227.20
Lyca Remit
Firm type: Money Transfer Operator
Payment instrument
Access point
Internet
Sending network coverage
High
Receiving method
High
2.504.17
4.11
Percentage difference between market reference rate 477.42 and exchange rate charged 457.78
4.11
4.954.95
14.8524.75
WorldRemit
Firm type: Money Transfer Operator
Payment instrument
Access point
Internet
Sending network coverage
High
Receiving method
Medium
1.993.32
4.25
Percentage difference between market reference rate 477.42 and exchange rate charged 457.15
4.25
4.914.91
14.7324.55
Transferwise
Firm type: Money Transfer Operator
Payment instrument
Access point
Internet
Sending network coverage
High
Receiving method
Medium
2.934.88
3.58
Percentage difference between market reference rate 477.42 and exchange rate charged 460.34
3.58
4.564.56
13.6822.80
Azimo
Firm type: Money Transfer Operator
Payment instrument
Access point
Internet
Sending network coverage
High
Receiving method
Medium
1.993.32
1.54
Percentage difference between market reference rate 477.42 and exchange rate charged 470.06
1.54
2.212.21
6.6311.05
Small World
Firm type: Money Transfer Operator
Payment instrument
Access point
Agent
Sending network coverage
Medium
Receiving method
High
2.974.95
-0.12
Percentage difference between market reference rate 477.42 and exchange rate charged 478.00
-0.12
0.870.87
2.614.35
Moneyline UK
Firm type: Money Transfer Operator
Payment instrument
Access point
Call Center
Sending network coverage
High
Receiving method
Medium
1.502.50
-3.68
Percentage difference between market reference rate 477.42 and exchange rate charged 495.00
-3.68
-3.18-3.18
-9.54-15.90
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
Total Average Second Quarter 2020
5.465.46
Total Average First Quarter 2020
6.876.87
Total Average
Fee
5.909.83
Exchange Rate Margin (%)
3.493.49
Total Cost Percent (%)
5.465.46
Total Cost (GBP) Total Cost (USD)
16.3727.29
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