Remittance Prices Worldwide

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Transfer money

Sending money from UNITED STATES to ETHIOPIA

Data collected on: Feb 03, 2020
Firm
Payment instrument
Access point
Sending network coverage
Transfer speed
Receiving method
Disbursing network coverage
Fee
Exchange rate margin (%)
Total cost (%)
Total cost (USD)sort descending
Firm
WorldRemit
Firm type: Money Transfer Operator
 
Payment instrument
Access point
Internet
Sending network coverage
High
Transfer speed
Receiving method
Agent
Disbursing network coverage
High
Fee
4.994.99
Exchange rate margin (%)
0.00
Percentage difference between market reference rate 1.00 and exchange rate charged 1.000.00
Total cost (%)
2.502.50
Total cost (USD)sort descending
5.005.00
Firm
Ria
Firm type: Money Transfer Operator
 
Payment instrument
Access point
Agent, Internet
Sending network coverage
High
Transfer speed
Receiving method
Agent
Disbursing network coverage
High
Fee
5.005.00
Exchange rate margin (%)
0.12
Percentage difference between market reference rate 32.11 and exchange rate charged 32.070.12
Total cost (%)
2.622.62
Total cost (USD)sort descending
5.245.24
Firm
Xoom
Firm type: Money Transfer Operator
 
Payment instrument
Access point
Internet
Sending network coverage
High
Transfer speed
Receiving method
Disbursing network coverage
Medium
Fee
2.992.99
Exchange rate margin (%)
2.04
Percentage difference between market reference rate 32.11 and exchange rate charged 31.452.04
Total cost (%)
3.543.54
Total cost (USD)sort descending
7.087.08
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
7.007.00
Exchange rate margin (%)
0.31
Percentage difference between market reference rate 32.11 and exchange rate charged 32.010.31
Total cost (%)
3.813.81
Total cost (USD)sort descending
7.627.62
Firm
Ria
Firm type: Money Transfer Operator
 
Payment instrument
Access point
Internet
Sending network coverage
High
Transfer speed
Receiving method
Disbursing network coverage
Medium
Fee
8.008.00
Exchange rate margin (%)
0.12
Percentage difference between market reference rate 32.11 and exchange rate charged 32.070.12
Total cost (%)
4.124.12
Total cost (USD)sort descending
8.248.24
Firm
Xpress Money
Firm type: Money Transfer Operator
 
Payment instrument
Access point
Agent
Sending network coverage
Medium
Transfer speed
Receiving method
Agent
Disbursing network coverage
High
Fee
9.009.00
Exchange rate margin (%)
0.00
Percentage difference between market reference rate 1.00 and exchange rate charged 1.000.00
Total cost (%)
4.504.50
Total cost (USD)sort descending
9.009.00
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
9.009.00
Exchange rate margin (%)
0.12
Percentage difference between market reference rate 32.11 and exchange rate charged 32.070.12
Total cost (%)
4.624.62
Total cost (USD)sort descending
9.249.24
Firm
Walmart2World
Firm type: Bank
 
Payment instrument
Access point
Agent, Internet
Sending network coverage
High
Transfer speed
Receiving method
Agent
Disbursing network coverage
High
Fee
8.008.00
Exchange rate margin (%)
0.74
Percentage difference between market reference rate 32.11 and exchange rate charged 31.870.74
Total cost (%)
4.744.74
Total cost (USD)sort descending
9.489.48
Firm
Xoom
Firm type: Money Transfer Operator
 
Payment instrument
Access point
Internet
Sending network coverage
High
Transfer speed
Receiving method
Agent
Disbursing network coverage
High
Fee
5.995.99
Exchange rate margin (%)
2.04
Percentage difference between market reference rate 32.11 and exchange rate charged 31.452.04
Total cost (%)
5.045.04
Total cost (USD)sort descending
10.0810.08
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
9.999.99
Exchange rate margin (%)
0.74
Percentage difference between market reference rate 32.11 and exchange rate charged 31.870.74
Total cost (%)
5.735.73
Total cost (USD)sort descending
11.4611.46
Firm
Al-Mustaqbal Express
Firm type: Money Transfer Operator
 
Payment instrument
Access point
Agent
Sending network coverage
Low
Transfer speed
Receiving method
Agent
Disbursing network coverage
Medium
Fee
12.0012.00
Exchange rate margin (%)
0.00
Percentage difference between market reference rate 1.00 and exchange rate charged 1.000.00
Total cost (%)
6.006.00
Total cost (USD)sort descending
12.0012.00
Firm
Amal Express
Firm type: Money Transfer Operator
 
Payment instrument
Access point
Agent
Sending network coverage
High
Transfer speed
Receiving method
Agent
Disbursing network coverage
Medium
Fee
12.0012.00
Exchange rate margin (%)
0.00
Percentage difference between market reference rate 1.00 and exchange rate charged 1.000.00
Total cost (%)
6.006.00
Total cost (USD)sort descending
12.0012.00
Firm
Dahabshiil
Firm type: Money Transfer Operator
 
Payment instrument
Access point
Agent
Sending network coverage
High
Transfer speed
Receiving method
Agent
Disbursing network coverage
Medium
Fee
12.0012.00
Exchange rate margin (%)
0.00
Percentage difference between market reference rate 1.00 and exchange rate charged 1.000.00
Total cost (%)
6.006.00
Total cost (USD)sort descending
12.0012.00
Total Average First Quarter
4.564.56
Total Average Fourth Quarter 2019
5.025.02
Total Average
Fee
8.158.15
Exchange Rate Margin (%)
0.480.48
Total Cost Percent (%)
4.564.56
Total Cost (USD) Total Cost (USD)
9.119.11
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 (USD)sort descending
Firm
Ria
Firm type: Money Transfer Operator
 
Payment instrument
Access point
Agent, Internet
Sending network coverage
High
Transfer speed
Receiving method
Agent
Disbursing network coverage
High
Fee
5.005.00
Exchange rate margin (%)
0.12
Percentage difference between market reference rate 32.11 and exchange rate charged 32.070.12
Total cost (%)
1.121.12
Total cost (USD)sort descending
5.605.60
Firm
WorldRemit
Firm type: Money Transfer Operator
 
Payment instrument
Access point
Internet
Sending network coverage
High
Transfer speed
Receiving method
Agent
Disbursing network coverage
High
Fee
6.996.99
Exchange rate margin (%)
0.00
Percentage difference between market reference rate 1.00 and exchange rate charged 1.000.00
Total cost (%)
1.401.40
Total cost (USD)sort descending
7.007.00
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
7.007.00
Exchange rate margin (%)
0.31
Percentage difference between market reference rate 32.11 and exchange rate charged 32.010.31
Total cost (%)
1.711.71
Total cost (USD)sort descending
8.558.55
Firm
Ria
Firm type: Money Transfer Operator
 
Payment instrument
Access point
Internet
Sending network coverage
High
Transfer speed
Receiving method
Disbursing network coverage
Medium
Fee
8.008.00
Exchange rate margin (%)
0.12
Percentage difference between market reference rate 32.11 and exchange rate charged 32.070.12
Total cost (%)
1.721.72
Total cost (USD)sort descending
8.608.60
Firm
Xpress Money
Firm type: Money Transfer Operator
 
Payment instrument
Access point
Agent
Sending network coverage
Medium
Transfer speed
Receiving method
Agent
Disbursing network coverage
High
Fee
9.009.00
Exchange rate margin (%)
0.00
Percentage difference between market reference rate 1.00 and exchange rate charged 1.000.00
Total cost (%)
1.801.80
Total cost (USD)sort descending
9.009.00
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
9.009.00
Exchange rate margin (%)
0.12
Percentage difference between market reference rate 32.11 and exchange rate charged 32.070.12
Total cost (%)
1.921.92
Total cost (USD)sort descending
9.609.60
Firm
Walmart2World
Firm type: Bank
 
Payment instrument
Access point
Agent, Internet
Sending network coverage
High
Transfer speed
Receiving method
Agent
Disbursing network coverage
High
Fee
8.008.00
Exchange rate margin (%)
0.74
Percentage difference between market reference rate 32.11 and exchange rate charged 31.870.74
Total cost (%)
2.342.34
Total cost (USD)sort descending
11.7011.70
Firm
Xoom
Firm type: Money Transfer Operator
 
Payment instrument
Access point
Internet
Sending network coverage
High
Transfer speed
Receiving method
Disbursing network coverage
Medium
Fee
2.992.99
Exchange rate margin (%)
2.04
Percentage difference between market reference rate 32.11 and exchange rate charged 31.452.04
Total cost (%)
2.642.64
Total cost (USD)sort descending
13.2013.20
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
9.999.99
Exchange rate margin (%)
0.74
Percentage difference between market reference rate 32.11 and exchange rate charged 31.870.74
Total cost (%)
2.742.74
Total cost (USD)sort descending
13.7013.70
Firm
Xoom
Firm type: Money Transfer Operator
 
Payment instrument
Access point
Internet
Sending network coverage
High
Transfer speed
Receiving method
Agent
Disbursing network coverage
High
Fee
10.4910.49
Exchange rate margin (%)
2.04
Percentage difference between market reference rate 32.11 and exchange rate charged 31.452.04
Total cost (%)
4.144.14
Total cost (USD)sort descending
20.7020.70
Firm
Al-Mustaqbal Express
Firm type: Money Transfer Operator
 
Payment instrument
Access point
Agent
Sending network coverage
Low
Transfer speed
Receiving method
Agent
Disbursing network coverage
Medium
Fee
30.0030.00
Exchange rate margin (%)
0.00
Percentage difference between market reference rate 1.00 and exchange rate charged 1.000.00
Total cost (%)
6.006.00
Total cost (USD)sort descending
30.0030.00
Firm
Amal Express
Firm type: Money Transfer Operator
 
Payment instrument
Access point
Agent
Sending network coverage
High
Transfer speed
Receiving method
Agent
Disbursing network coverage
Medium
Fee
30.0030.00
Exchange rate margin (%)
0.00
Percentage difference between market reference rate 1.00 and exchange rate charged 1.000.00
Total cost (%)
6.006.00
Total cost (USD)sort descending
30.0030.00
Firm
Dahabshiil
Firm type: Money Transfer Operator
 
Payment instrument
Access point
Agent
Sending network coverage
High
Transfer speed
Receiving method
Agent
Disbursing network coverage
Medium
Fee
30.0030.00
Exchange rate margin (%)
0.00
Percentage difference between market reference rate 1.00 and exchange rate charged 1.000.00
Total cost (%)
6.006.00
Total cost (USD)sort descending
30.0030.00
Total Average First Quarter
3.043.04
Total Average Fourth Quarter 2019
3.473.47
Total Average
Fee
12.8012.80
Exchange Rate Margin (%)
0.480.48
Total Cost Percent (%)
3.043.04
Total Cost (USD) Total Cost (USD)
15.2015.20
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 Ethiopia
Least Costly Corridors From United States
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