Remittance Prices Worldwide

MAKING MARKETS MORE TRANSPARENT

From GBUnited Kingdom you can also send money to
Transfer money

Sending money from UNITED KINGDOM to SOUTH AFRICA

Data collected on: Oct 30, 2020
GBP | USD
Firm
Payment instrument
Access point
Sending network coverage
Transfer speed
<em>Transfer Speed</em> has been standardized in six broad categories.
Receiving method
Disbursing network coverage
Fee
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.
Firm
Small World
Firm type: Money Transfer Operator
 
Payment instrument
Access point
Agent
Sending network coverage
High
Transfer speed
Receiving method
Disbursing network coverage
High
Fee
2.994.98
Exchange rate margin (%)
-0.71
Percentage difference between market reference rate 21.13 and exchange rate charged 21.28-0.71
Total cost (%)
1.791.79
Total cost (GBP)sort descendingTotal cost (USD)sort descending
2.153.58
Firm
Cassava Remit
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 (%)
3.08
Percentage difference between market reference rate 21.13 and exchange rate charged 20.473.08
Total cost (%)
3.083.08
Total cost (GBP)sort descendingTotal cost (USD)sort descending
3.706.17
Firm
Azimo
Firm type: Money Transfer Operator
 
Payment instrument
Access point
Internet
Sending network coverage
High
Transfer speed
Receiving method
Disbursing network coverage
High
Fee
2.994.98
Exchange rate margin (%)
1.45
Percentage difference between market reference rate 21.13 and exchange rate charged 20.821.45
Total cost (%)
3.953.95
Total cost (GBP)sort descendingTotal cost (USD)sort descending
4.747.90
Firm
ExpressLinks UK
Firm type: Money Transfer Operator
 
Payment instrument
Access point
Agent, Call Center, Internet
Sending network coverage
High
Transfer speed
Receiving method
Disbursing network coverage
High
Fee
4.958.25
Exchange rate margin (%)
0.59
Percentage difference between market reference rate 21.13 and exchange rate charged 21.000.59
Total cost (%)
4.724.72
Total cost (GBP)sort descendingTotal cost (USD)sort descending
5.669.43
Firm
WorldRemit
Firm type: Money Transfer Operator
 
Payment instrument
Access point
Internet
Sending network coverage
High
Transfer speed
Receiving method
Agent
Disbursing network coverage
Low
Fee
3.996.65
Exchange rate margin (%)
3.88
Percentage difference between market reference rate 21.13 and exchange rate charged 20.313.88
Total cost (%)
7.217.21
Total cost (GBP)sort descendingTotal cost (USD)sort descending
8.6514.42
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
2.904.83
Exchange rate margin (%)
5.18
Percentage difference between market reference rate 1.29 and exchange rate charged 1.235.18
Total cost (%)
7.607.60
Total cost (GBP)sort descendingTotal cost (USD)sort descending
9.1215.20
Firm
Mukuru
Firm type: Money Transfer Operator
 
Payment instrument
Access point
Internet
Sending network coverage
High
Transfer speed
Receiving method
Agent
Disbursing network coverage
High
Fee
2.494.15
Exchange rate margin (%)
5.58
Percentage difference between market reference rate 21.13 and exchange rate charged 19.955.58
Total cost (%)
7.657.65
Total cost (GBP)sort descendingTotal cost (USD)sort descending
9.1815.30
Firm
Easy Exchange
Firm type: Money Transfer Operator
 
Payment instrument
Access point
Internet
Sending network coverage
High
Transfer speed
Receiving method
Disbursing network coverage
High
Fee
6.0010.00
Exchange rate margin (%)
3.24
Percentage difference between market reference rate 21.13 and exchange rate charged 20.443.24
Total cost (%)
8.248.24
Total cost (GBP)sort descendingTotal cost (USD)sort descending
9.8916.48
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 (%)
7.67
Percentage difference between market reference rate 21.13 and exchange rate charged 19.507.67
Total cost (%)
11.0011.00
Total cost (GBP)sort descendingTotal cost (USD)sort descending
13.2022.00
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 (%)
6.54
Percentage difference between market reference rate 1.29 and exchange rate charged 1.216.54
Total cost (%)
13.9613.96
Total cost (GBP)sort descendingTotal cost (USD)sort descending
16.7527.92
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
9.9016.50
Exchange rate margin (%)
7.03
Percentage difference between market reference rate 1.29 and exchange rate charged 1.207.03
Total cost (%)
15.2815.28
Total cost (GBP)sort descendingTotal cost (USD)sort descending
18.3430.57
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
10.9018.17
Exchange rate margin (%)
7.87
Percentage difference between market reference rate 21.13 and exchange rate charged 19.467.87
Total cost (%)
16.9516.95
Total cost (GBP)sort descendingTotal cost (USD)sort descending
20.3433.90
Total Average Fourth Quarter 2020
8.458.45
Total Average Third Quarter 2020
7.977.97
Total Average
Fee
5.008.33
Exchange Rate Margin (%)
4.284.28
Total Cost Percent (%)
8.458.45
Total Cost (GBP) Total Cost (USD)
10.1416.91
Non-Transparent records
Bank account transfer Debit/credit card Cash
Less than one hour Next day 3-5 days
Bank account Cash
Firm
Payment instrument
Access point
Sending network coverage
Transfer speed
Receiving method
Disbursing network coverage
Fee
Exchange rate margin (%)
Total cost (%)
Total cost (GBP)sort descendingTotal cost (USD)sort descending
Firm
Small World
Firm type: Money Transfer Operator
 
Payment instrument
Access point
Agent
Sending network coverage
High
Transfer speed
Receiving method
Disbursing network coverage
High
Fee
2.994.98
Exchange rate margin (%)
-0.71
Percentage difference between market reference rate 21.13 and exchange rate charged 21.28-0.71
Total cost (%)
0.290.29
Total cost (GBP)sort descendingTotal cost (USD)sort descending
0.871.45
Firm
ExpressLinks UK
Firm type: Money Transfer Operator
 
Payment instrument
Access point
Agent, Call Center, Internet
Sending network coverage
High
Transfer speed
Receiving method
Disbursing network coverage
High
Fee
4.958.25
Exchange rate margin (%)
0.59
Percentage difference between market reference rate 21.13 and exchange rate charged 21.000.59
Total cost (%)
2.242.24
Total cost (GBP)sort descendingTotal cost (USD)sort descending
6.7211.20
Firm
Azimo
Firm type: Money Transfer Operator
 
Payment instrument
Access point
Internet
Sending network coverage
High
Transfer speed
Receiving method
Disbursing network coverage
High
Fee
2.994.98
Exchange rate margin (%)
1.45
Percentage difference between market reference rate 21.13 and exchange rate charged 20.821.45
Total cost (%)
2.452.45
Total cost (GBP)sort descendingTotal cost (USD)sort descending
7.3512.25
Firm
Cassava Remit
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 (%)
3.08
Percentage difference between market reference rate 21.13 and exchange rate charged 20.473.08
Total cost (%)
3.083.08
Total cost (GBP)sort descendingTotal cost (USD)sort descending
9.2415.40
Firm
WorldRemit
Firm type: Money Transfer Operator
 
Payment instrument
Access point
Internet
Sending network coverage
High
Transfer speed
Receiving method
Agent
Disbursing network coverage
Low
Fee
3.996.65
Exchange rate margin (%)
3.83
Percentage difference between market reference rate 21.13 and exchange rate charged 20.323.83
Total cost (%)
5.165.16
Total cost (GBP)sort descendingTotal cost (USD)sort descending
15.4825.80
Firm
Easy Exchange
Firm type: Money Transfer Operator
 
Payment instrument
Access point
Internet
Sending network coverage
High
Transfer speed
Receiving method
Disbursing network coverage
High
Fee
6.0010.00
Exchange rate margin (%)
3.24
Percentage difference between market reference rate 21.13 and exchange rate charged 20.443.24
Total cost (%)
5.245.24
Total cost (GBP)sort descendingTotal cost (USD)sort descending
15.7226.20
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
2.904.83
Exchange rate margin (%)
5.18
Percentage difference between market reference rate 1.29 and exchange rate charged 1.235.18
Total cost (%)
6.156.15
Total cost (GBP)sort descendingTotal cost (USD)sort descending
18.4530.75
Firm
Mukuru
Firm type: Money Transfer Operator
 
Payment instrument
Access point
Internet
Sending network coverage
High
Transfer speed
Receiving method
Agent
Disbursing network coverage
High
Fee
2.494.15
Exchange rate margin (%)
5.58
Percentage difference between market reference rate 21.13 and exchange rate charged 19.955.58
Total cost (%)
6.416.41
Total cost (GBP)sort descendingTotal cost (USD)sort descending
19.2332.05
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 (%)
7.67
Percentage difference between market reference rate 21.13 and exchange rate charged 19.507.67
Total cost (%)
9.009.00
Total cost (GBP)sort descendingTotal cost (USD)sort descending
27.0045.00
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 (%)
6.54
Percentage difference between market reference rate 1.29 and exchange rate charged 1.216.54
Total cost (%)
9.519.51
Total cost (GBP)sort descendingTotal cost (USD)sort descending
28.5347.55
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
15.9026.50
Exchange rate margin (%)
7.87
Percentage difference between market reference rate 21.13 and exchange rate charged 19.467.87
Total cost (%)
13.1713.17
Total cost (GBP)sort descendingTotal cost (USD)sort descending
39.5165.85
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
19.9033.17
Exchange rate margin (%)
7.03
Percentage difference between market reference rate 1.29 and exchange rate charged 1.207.03
Total cost (%)
13.6713.67
Total cost (GBP)sort descendingTotal cost (USD)sort descending
41.0168.35
Total Average Fourth Quarter 2020
6.366.36
Total Average Third Quarter 2020
6.046.04
Total Average
Fee
6.2510.42
Exchange Rate Margin (%)
4.284.28
Total Cost Percent (%)
6.366.36
Total Cost (GBP) Total Cost (USD)
19.0931.82
Non-Transparent records
Bank account transfer Debit/credit card Cash
Less than one hour Next day 3-5 days
Bank account Cash
Least Costly Corridors To South Africa
Least Costly Corridors From United Kingdom
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