Remittance Prices Worldwide

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Transfer money

Sending money from UNITED STATES to ETHIOPIA

Data collected on: May 12, 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
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 (%)
-0.21
Percentage difference between market reference rate 33.66 and exchange rate charged 33.73-0.21
Total cost (%)
2.292.29
Total cost (USD)sort descending
4.584.58
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
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 (%)
1.69
Percentage difference between market reference rate 33.66 and exchange rate charged 33.091.69
Total cost (%)
3.183.18
Total cost (USD)sort descending
6.366.36
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 (%)
0.09
Percentage difference between market reference rate 33.66 and exchange rate charged 33.630.09
Total cost (%)
3.593.59
Total cost (USD)sort descending
7.187.18
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 (%)
-0.21
Percentage difference between market reference rate 33.66 and exchange rate charged 33.73-0.21
Total cost (%)
3.793.79
Total cost (USD)sort descending
7.587.58
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 (%)
-0.21
Percentage difference between market reference rate 33.66 and exchange rate charged 33.73-0.21
Total cost (%)
4.294.29
Total cost (USD)sort descending
8.588.58
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 (%)
1.69
Percentage difference between market reference rate 33.66 and exchange rate charged 33.091.69
Total cost (%)
4.684.68
Total cost (USD)sort descending
9.369.36
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
10.0010.00
Exchange rate margin (%)
0.00
Percentage difference between market reference rate 1.00 and exchange rate charged 1.000.00
Total cost (%)
5.005.00
Total cost (USD)sort descending
10.0010.00
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
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
Walmart2World
Firm type: Bank
 
Payment instrument
Access point
Agent, Internet
Sending network coverage
High
Transfer speed
Receiving method
Agent
Disbursing network coverage
High
Fee
7.007.00
Exchange rate margin (%)
5.31
Percentage difference between market reference rate 33.66 and exchange rate charged 31.875.31
Total cost (%)
8.818.81
Total cost (USD)sort descending
17.6217.62
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 (%)
5.31
Percentage difference between market reference rate 33.66 and exchange rate charged 31.875.31
Total cost (%)
10.3110.31
Total cost (USD)sort descending
20.6220.62
Total Average Second Quarter
5.045.04
Total Average First Quarter
4.564.56
Total Average
Fee
7.837.83
Exchange Rate Margin (%)
1.121.12
Total Cost Percent (%)
5.045.04
Total Cost (USD) Total Cost (USD)
10.0710.07
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 (%)
-0.21
Percentage difference between market reference rate 33.66 and exchange rate charged 33.73-0.21
Total cost (%)
0.790.79
Total cost (USD)sort descending
3.953.95
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 (%)
-0.21
Percentage difference between market reference rate 33.66 and exchange rate charged 33.73-0.21
Total cost (%)
1.391.39
Total cost (USD)sort descending
6.956.95
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 (%)
0.09
Percentage difference between market reference rate 33.66 and exchange rate charged 33.630.09
Total cost (%)
1.491.49
Total cost (USD)sort descending
7.457.45
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 (%)
-0.21
Percentage difference between market reference rate 33.66 and exchange rate charged 33.73-0.21
Total cost (%)
1.591.59
Total cost (USD)sort descending
7.957.95
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 (%)
1.69
Percentage difference between market reference rate 33.66 and exchange rate charged 33.091.69
Total cost (%)
2.292.29
Total cost (USD)sort descending
11.4511.45
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 (%)
1.69
Percentage difference between market reference rate 33.66 and exchange rate charged 33.091.69
Total cost (%)
3.793.79
Total cost (USD)sort descending
18.9518.95
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
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
Walmart2World
Firm type: Bank
 
Payment instrument
Access point
Agent, Internet
Sending network coverage
High
Transfer speed
Receiving method
Agent
Disbursing network coverage
High
Fee
7.007.00
Exchange rate margin (%)
5.31
Percentage difference between market reference rate 33.66 and exchange rate charged 31.875.31
Total cost (%)
6.716.71
Total cost (USD)sort descending
33.5533.55
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
9.999.99
Exchange rate margin (%)
5.31
Percentage difference between market reference rate 33.66 and exchange rate charged 31.875.31
Total cost (%)
7.317.31
Total cost (USD)sort descending
36.5536.55
Total Average Second Quarter
3.733.73
Total Average First Quarter
3.043.04
Total Average
Fee
13.0413.04
Exchange Rate Margin (%)
1.121.12
Total Cost Percent (%)
3.733.73
Total Cost (USD) Total Cost (USD)
18.6518.65
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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