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Sending money from UNITED STATES to INDIA

Data collected on: Jul 31, 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
Citibank
Firm type: Bank
 
Payment instrument
Access point
Internet
Sending network coverage
High
Transfer speed
Receiving method
Disbursing network coverage
High
Fee
0.000.00
Exchange rate margin (%)
0.00
Percentage difference between market reference rate 1.00 and exchange rate charged 1.000.00
Total cost (%)
0.000.00
Total cost (USD)sort descending
0.000.00
Firm
MoneyGram
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 (%)
0.71
Percentage difference between market reference rate 74.95 and exchange rate charged 74.420.71
Total cost (%)
0.710.71
Total cost (USD)sort descending
1.421.42
Firm
Western Union
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 (%)
0.72
Percentage difference between market reference rate 74.95 and exchange rate charged 74.410.72
Total cost (%)
0.720.72
Total cost (USD)sort descending
1.441.44
Firm
Wells Fargo
Firm type: Bank
 
Payment instrument
Access point
Agent, Call Center
Sending network coverage
High
Transfer speed
Receiving method
Disbursing network coverage
High
Fee
0.000.00
Exchange rate margin (%)
0.86
Percentage difference between market reference rate 74.95 and exchange rate charged 74.300.86
Total cost (%)
0.860.86
Total cost (USD)sort descending
1.721.72
Firm
Ria
Firm type: Money Transfer Operator
 
Payment instrument
Access point
Internet
Sending network coverage
High
Transfer speed
Receiving method
Disbursing network coverage
High
Fee
1.001.00
Exchange rate margin (%)
0.63
Percentage difference between market reference rate 74.95 and exchange rate charged 74.480.63
Total cost (%)
1.131.13
Total cost (USD)sort descending
2.262.26
Firm
Kotak Click2Remit
Firm type: Bank
 
Payment instrument
Access point
Internet
Sending network coverage
High
Transfer speed
Receiving method
Disbursing network coverage
High
Fee
0.000.00
Exchange rate margin (%)
1.25
Percentage difference between market reference rate 74.95 and exchange rate charged 74.011.25
Total cost (%)
1.251.25
Total cost (USD)sort descending
2.502.50
Firm
Ria
Firm type: Money Transfer Operator
 
Payment instrument
Access point
Internet
Sending network coverage
High
Transfer speed
Receiving method
Agent
Disbursing network coverage
High
Fee
3.003.00
Exchange rate margin (%)
0.63
Percentage difference between market reference rate 74.95 and exchange rate charged 74.480.63
Total cost (%)
2.132.13
Total cost (USD)sort descending
4.264.26
Firm
Ria
Firm type: Money Transfer Operator
 
Payment instrument
Access point
Internet
Sending network coverage
High
Transfer speed
Receiving method
Disbursing network coverage
High
Fee
3.003.00
Exchange rate margin (%)
0.63
Percentage difference between market reference rate 74.95 and exchange rate charged 74.480.63
Total cost (%)
2.132.13
Total cost (USD)sort descending
4.264.26
Firm
Western Union
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
2.992.99
Exchange rate margin (%)
0.72
Percentage difference between market reference rate 74.95 and exchange rate charged 74.410.72
Total cost (%)
2.222.22
Total cost (USD)sort descending
4.444.44
Firm
Remit2India
Firm type: Money Transfer Operator
 
Payment instrument
Access point
Internet
Sending network coverage
High
Transfer speed
Receiving method
Agent
Disbursing network coverage
High
Fee
2.992.99
Exchange rate margin (%)
0.84
Percentage difference between market reference rate 74.95 and exchange rate charged 74.320.84
Total cost (%)
2.332.33
Total cost (USD)sort descending
4.664.66
Firm
MoneyGram
Firm type: Money Transfer Operator
 
Payment instrument
Access point
Internet
Sending network coverage
High
Transfer speed
Receiving method
Disbursing network coverage
High
Fee
2.992.99
Exchange rate margin (%)
1.01
Percentage difference between market reference rate 74.95 and exchange rate charged 74.201.01
Total cost (%)
2.502.50
Total cost (USD)sort descending
5.005.00
Firm
Pangea
Firm type: Money Transfer Operator
 
Payment instrument
Access point
Internet
Sending network coverage
High
Transfer speed
Receiving method
Agent
Disbursing network coverage
High
Fee
3.953.95
Exchange rate margin (%)
0.65
Percentage difference between market reference rate 74.95 and exchange rate charged 74.460.65
Total cost (%)
2.632.63
Total cost (USD)sort descending
5.265.26
Firm
Xoom
Firm type: Money Transfer Operator
 
Payment instrument
Access point
Internet
Sending network coverage
High
Transfer speed
Receiving method
Agent
Disbursing network coverage
Medium
Fee
2.992.99
Exchange rate margin (%)
1.49
Percentage difference between market reference rate 74.95 and exchange rate charged 73.831.49
Total cost (%)
2.992.99
Total cost (USD)sort descending
5.985.98
Firm
WorldRemit
Firm type: Money Transfer Operator
 
Payment instrument
Access point
Internet
Sending network coverage
High
Transfer speed
Receiving method
Disbursing network coverage
High
Fee
2.992.99
Exchange rate margin (%)
1.65
Percentage difference between market reference rate 74.95 and exchange rate charged 73.711.65
Total cost (%)
3.143.14
Total cost (USD)sort descending
6.286.28
Firm
Remitly
Firm type: Money Transfer Operator
 
Payment instrument
Access point
Internet
Sending network coverage
High
Transfer speed
Receiving method
Agent
Disbursing network coverage
High
Fee
3.993.99
Exchange rate margin (%)
1.43
Percentage difference between market reference rate 74.95 and exchange rate charged 73.881.43
Total cost (%)
3.423.42
Total cost (USD)sort descending
6.846.84
Firm
MoneyGram
Firm type: Money Transfer Operator
 
Payment instrument
Access point
Agent
Sending network coverage
High
Transfer speed
Receiving method
Disbursing network coverage
High
Fee
6.006.00
Exchange rate margin (%)
0.46
Percentage difference between market reference rate 74.95 and exchange rate charged 74.610.46
Total cost (%)
3.463.46
Total cost (USD)sort descending
6.926.92
Firm
money2India (ICICI Bank)
Firm type: Bank / Money Transfer Operator
 
Payment instrument
Access point
Internet
Sending network coverage
High
Transfer speed
Receiving method
Agent
Disbursing network coverage
High
Fee
4.004.00
Exchange rate margin (%)
1.49
Percentage difference between market reference rate 74.95 and exchange rate charged 73.831.49
Total cost (%)
3.493.49
Total cost (USD)sort descending
6.986.98
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
6.006.00
Exchange rate margin (%)
0.63
Percentage difference between market reference rate 74.95 and exchange rate charged 74.480.63
Total cost (%)
3.633.63
Total cost (USD)sort descending
7.267.26
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
4.994.99
Exchange rate margin (%)
1.21
Percentage difference between market reference rate 74.95 and exchange rate charged 74.051.21
Total cost (%)
3.703.70
Total cost (USD)sort descending
7.407.40
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
4.994.99
Exchange rate margin (%)
1.21
Percentage difference between market reference rate 74.95 and exchange rate charged 74.051.21
Total cost (%)
3.703.70
Total cost (USD)sort descending
7.407.40
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 (%)
0.71
Percentage difference between market reference rate 74.95 and exchange rate charged 74.420.71
Total cost (%)
4.714.71
Total cost (USD)sort descending
9.429.42
Firm
Xoom
Firm type: Money Transfer Operator
 
Payment instrument
Access point
Internet
Sending network coverage
High
Transfer speed
Receiving method
Agent
Disbursing network coverage
Medium
Fee
6.496.49
Exchange rate margin (%)
1.49
Percentage difference between market reference rate 74.95 and exchange rate charged 73.831.49
Total cost (%)
4.744.74
Total cost (USD)sort descending
9.489.48
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
5.005.00
Exchange rate margin (%)
2.48
Percentage difference between market reference rate 74.95 and exchange rate charged 73.092.48
Total cost (%)
4.984.98
Total cost (USD)sort descending
9.969.96
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
5.005.00
Exchange rate margin (%)
2.48
Percentage difference between market reference rate 74.95 and exchange rate charged 73.092.48
Total cost (%)
4.984.98
Total cost (USD)sort descending
9.969.96
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 (%)
1.99
Percentage difference between market reference rate 74.95 and exchange rate charged 73.461.99
Total cost (%)
5.495.49
Total cost (USD)sort descending
10.9810.98
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
11.0011.00
Exchange rate margin (%)
0.46
Percentage difference between market reference rate 74.95 and exchange rate charged 74.610.46
Total cost (%)
5.965.96
Total cost (USD)sort descending
11.9211.92
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
11.0011.00
Exchange rate margin (%)
2.43
Percentage difference between market reference rate 74.95 and exchange rate charged 73.132.43
Total cost (%)
7.937.93
Total cost (USD)sort descending
15.8615.86
Total Average Third Quarter
3.153.15
Total Average Second Quarter
3.273.27
Total Average
Fee
4.054.05
Exchange Rate Margin (%)
1.121.12
Total Cost Percent (%)
3.153.15
Total Cost (USD) Total Cost (USD)
6.296.29
Non-Transparent records
Bank account transfer Debit/credit card Cash
Less than one hour Same day Next day 2 days 3-5 days
Bank account Cash Own/partner bank account
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
Citibank
Firm type: Bank
 
Payment instrument
Access point
Internet
Sending network coverage
High
Transfer speed
Receiving method
Disbursing network coverage
High
Fee
0.000.00
Exchange rate margin (%)
0.00
Percentage difference between market reference rate 1.00 and exchange rate charged 1.000.00
Total cost (%)
0.000.00
Total cost (USD)sort descending
0.000.00
Firm
MoneyGram
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 (%)
0.71
Percentage difference between market reference rate 74.95 and exchange rate charged 74.420.71
Total cost (%)
0.710.71
Total cost (USD)sort descending
3.553.55
Firm
Western Union
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 (%)
0.72
Percentage difference between market reference rate 74.95 and exchange rate charged 74.410.72
Total cost (%)
0.720.72
Total cost (USD)sort descending
3.603.60
Firm
Ria
Firm type: Money Transfer Operator
 
Payment instrument
Access point
Internet
Sending network coverage
High
Transfer speed
Receiving method
Disbursing network coverage
High
Fee
1.001.00
Exchange rate margin (%)
0.63
Percentage difference between market reference rate 74.95 and exchange rate charged 74.480.63
Total cost (%)
0.830.83
Total cost (USD)sort descending
4.154.15
Firm
Wells Fargo
Firm type: Bank
 
Payment instrument
Access point
Agent, Call Center
Sending network coverage
High
Transfer speed
Receiving method
Disbursing network coverage
High
Fee
0.000.00
Exchange rate margin (%)
0.86
Percentage difference between market reference rate 74.95 and exchange rate charged 74.300.86
Total cost (%)
0.860.86
Total cost (USD)sort descending
4.304.30
Firm
Ria
Firm type: Money Transfer Operator
 
Payment instrument
Access point
Internet
Sending network coverage
High
Transfer speed
Receiving method
Agent
Disbursing network coverage
High
Fee
3.003.00
Exchange rate margin (%)
0.63
Percentage difference between market reference rate 74.95 and exchange rate charged 74.480.63
Total cost (%)
1.231.23
Total cost (USD)sort descending
6.156.15
Firm
Kotak Click2Remit
Firm type: Bank
 
Payment instrument
Access point
Internet
Sending network coverage
High
Transfer speed
Receiving method
Disbursing network coverage
High
Fee
0.000.00
Exchange rate margin (%)
1.25
Percentage difference between market reference rate 74.95 and exchange rate charged 74.011.25
Total cost (%)
1.251.25
Total cost (USD)sort descending
6.256.25
Firm
Western Union
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
2.992.99
Exchange rate margin (%)
0.72
Percentage difference between market reference rate 74.95 and exchange rate charged 74.410.72
Total cost (%)
1.321.32
Total cost (USD)sort descending
6.606.60
Firm
Ria
Firm type: Money Transfer Operator
 
Payment instrument
Access point
Internet
Sending network coverage
High
Transfer speed
Receiving method
Disbursing network coverage
High
Fee
4.004.00
Exchange rate margin (%)
0.63
Percentage difference between market reference rate 74.95 and exchange rate charged 74.480.63
Total cost (%)
1.431.43
Total cost (USD)sort descending
7.157.15
Firm
Remit2India
Firm type: Money Transfer Operator
 
Payment instrument
Access point
Internet
Sending network coverage
High
Transfer speed
Receiving method
Agent
Disbursing network coverage
High
Fee
2.992.99
Exchange rate margin (%)
0.84
Percentage difference between market reference rate 74.95 and exchange rate charged 74.320.84
Total cost (%)
1.441.44
Total cost (USD)sort descending
7.207.20
Firm
MoneyGram
Firm type: Money Transfer Operator
 
Payment instrument
Access point
Internet
Sending network coverage
High
Transfer speed
Receiving method
Disbursing network coverage
High
Fee
2.992.99
Exchange rate margin (%)
1.01
Percentage difference between market reference rate 74.95 and exchange rate charged 74.201.01
Total cost (%)
1.601.60
Total cost (USD)sort descending
8.008.00
Firm
MoneyGram
Firm type: Money Transfer Operator
 
Payment instrument
Access point
Agent
Sending network coverage
High
Transfer speed
Receiving method
Disbursing network coverage
High
Fee
6.006.00
Exchange rate margin (%)
0.46
Percentage difference between market reference rate 74.95 and exchange rate charged 74.610.46
Total cost (%)
1.661.66
Total cost (USD)sort descending
8.308.30
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
6.006.00
Exchange rate margin (%)
0.63
Percentage difference between market reference rate 74.95 and exchange rate charged 74.480.63
Total cost (%)
1.831.83
Total cost (USD)sort descending
9.159.15
Firm
Pangea
Firm type: Money Transfer Operator
 
Payment instrument
Access point
Internet
Sending network coverage
High
Transfer speed
Receiving method
Agent
Disbursing network coverage
High
Fee
5.955.95
Exchange rate margin (%)
0.65
Percentage difference between market reference rate 74.95 and exchange rate charged 74.460.65
Total cost (%)
1.841.84
Total cost (USD)sort descending
9.209.20
Firm
Xoom
Firm type: Money Transfer Operator
 
Payment instrument
Access point
Internet
Sending network coverage
High
Transfer speed
Receiving method
Agent
Disbursing network coverage
Medium
Fee
2.992.99
Exchange rate margin (%)
1.49
Percentage difference between market reference rate 74.95 and exchange rate charged 73.831.49
Total cost (%)
2.092.09
Total cost (USD)sort descending
10.4510.45
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
4.994.99
Exchange rate margin (%)
1.21
Percentage difference between market reference rate 74.95 and exchange rate charged 74.051.21
Total cost (%)
2.202.20
Total cost (USD)sort descending
11.0011.00
Firm
Remitly
Firm type: Money Transfer Operator
 
Payment instrument
Access point
Internet
Sending network coverage
High
Transfer speed
Receiving method
Agent
Disbursing network coverage
High
Fee
3.993.99
Exchange rate margin (%)
1.43
Percentage difference between market reference rate 74.95 and exchange rate charged 73.881.43
Total cost (%)
2.222.22
Total cost (USD)sort descending
11.1011.10
Firm
money2India (ICICI Bank)
Firm type: Bank / Money Transfer Operator
 
Payment instrument
Access point
Internet
Sending network coverage
High
Transfer speed
Receiving method
Agent
Disbursing network coverage
High
Fee
4.004.00
Exchange rate margin (%)
1.49
Percentage difference between market reference rate 74.95 and exchange rate charged 73.831.49
Total cost (%)
2.292.29
Total cost (USD)sort descending
11.4511.45
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 (%)
0.71
Percentage difference between market reference rate 74.95 and exchange rate charged 74.420.71
Total cost (%)
2.312.31
Total cost (USD)sort descending
11.5511.55
Firm
WorldRemit
Firm type: Money Transfer Operator
 
Payment instrument
Access point
Internet
Sending network coverage
High
Transfer speed
Receiving method
Disbursing network coverage
High
Fee
3.993.99
Exchange rate margin (%)
1.65
Percentage difference between market reference rate 74.95 and exchange rate charged 73.711.65
Total cost (%)
2.452.45
Total cost (USD)sort descending
12.2512.25
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
11.0011.00
Exchange rate margin (%)
0.46
Percentage difference between market reference rate 74.95 and exchange rate charged 74.610.46
Total cost (%)
2.662.66
Total cost (USD)sort descending
13.3013.30
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
9.999.99
Exchange rate margin (%)
1.21
Percentage difference between market reference rate 74.95 and exchange rate charged 74.051.21
Total cost (%)
3.203.20
Total cost (USD)sort descending
16.0016.00
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
5.005.00
Exchange rate margin (%)
2.35
Percentage difference between market reference rate 74.95 and exchange rate charged 73.182.35
Total cost (%)
3.353.35
Total cost (USD)sort descending
16.7516.75
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
9.009.00
Exchange rate margin (%)
1.89
Percentage difference between market reference rate 74.95 and exchange rate charged 73.541.89
Total cost (%)
3.693.69
Total cost (USD)sort descending
18.4518.45
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
7.007.00
Exchange rate margin (%)
2.35
Percentage difference between market reference rate 74.95 and exchange rate charged 73.182.35
Total cost (%)
3.753.75
Total cost (USD)sort descending
18.7518.75
Firm
Xoom
Firm type: Money Transfer Operator
 
Payment instrument
Access point
Internet
Sending network coverage
High
Transfer speed
Receiving method
Agent
Disbursing network coverage
Medium
Fee
15.4915.49
Exchange rate margin (%)
1.49
Percentage difference between market reference rate 74.95 and exchange rate charged 73.831.49
Total cost (%)
4.594.59
Total cost (USD)sort descending
22.9522.95
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
11.0011.00
Exchange rate margin (%)
2.43
Percentage difference between market reference rate 74.95 and exchange rate charged 73.132.43
Total cost (%)
4.634.63
Total cost (USD)sort descending
23.1523.15
Total Average Third Quarter
2.082.08
Total Average Second Quarter
2.172.17
Total Average
Fee
4.874.87
Exchange Rate Margin (%)
1.111.11
Total Cost Percent (%)
2.082.08
Total Cost (USD) Total Cost (USD)
10.4010.40
Non-Transparent records
Bank account transfer Debit/credit card Cash
Less than one hour Same day Next day 2 days 3-5 days
Bank account Cash Own/partner bank account
Least Costly Corridors To India
Least Costly Corridors From United States
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