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Sending money from UNITED STATES to INDIA

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
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 (%)
0.17
Percentage difference between market reference rate 76.02 and exchange rate charged 75.890.17
Total cost (%)
0.170.17
Total cost (USD)sort descending
0.340.34
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 (%)
0.68
Percentage difference between market reference rate 76.02 and exchange rate charged 75.500.68
Total cost (%)
1.181.18
Total cost (USD)sort descending
2.362.36
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 (%)
1.27
Percentage difference between market reference rate 76.02 and exchange rate charged 75.061.27
Total cost (%)
1.271.27
Total cost (USD)sort descending
2.542.54
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 (%)
1.31
Percentage difference between market reference rate 76.02 and exchange rate charged 75.021.31
Total cost (%)
1.311.31
Total cost (USD)sort descending
2.622.62
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 (%)
1.41
Percentage difference between market reference rate 76.02 and exchange rate charged 74.951.41
Total cost (%)
1.411.41
Total cost (USD)sort descending
2.822.82
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 (%)
0.17
Percentage difference between market reference rate 76.02 and exchange rate charged 75.890.17
Total cost (%)
1.661.66
Total cost (USD)sort descending
3.323.32
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 (%)
0.68
Percentage difference between market reference rate 76.02 and exchange rate charged 75.500.68
Total cost (%)
2.182.18
Total cost (USD)sort descending
4.364.36
Firm
Remit2India
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 (%)
0.95
Percentage difference between market reference rate 76.02 and exchange rate charged 75.300.95
Total cost (%)
2.442.44
Total cost (USD)sort descending
4.884.88
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 (%)
0.68
Percentage difference between market reference rate 76.02 and exchange rate charged 75.500.68
Total cost (%)
2.682.68
Total cost (USD)sort descending
5.365.36
Firm
Ria
Firm type: Money Transfer Operator
 
Payment instrument
Access point
Agent, Internet
Sending network coverage
High
Transfer speed
Receiving method
Disbursing network coverage
High
Fee
4.004.00
Exchange rate margin (%)
0.68
Percentage difference between market reference rate 76.02 and exchange rate charged 75.500.68
Total cost (%)
2.682.68
Total cost (USD)sort descending
5.365.36
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 (%)
1.27
Percentage difference between market reference rate 76.02 and exchange rate charged 75.061.27
Total cost (%)
2.762.76
Total cost (USD)sort descending
5.525.52
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 (%)
1.34
Percentage difference between market reference rate 76.02 and exchange rate charged 75.001.34
Total cost (%)
2.842.84
Total cost (USD)sort descending
5.685.68
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 (%)
1.17
Percentage difference between market reference rate 76.02 and exchange rate charged 75.131.17
Total cost (%)
3.663.66
Total cost (USD)sort descending
7.327.32
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 (%)
1.17
Percentage difference between market reference rate 76.02 and exchange rate charged 75.131.17
Total cost (%)
3.663.66
Total cost (USD)sort descending
7.327.32
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 (%)
1.84
Percentage difference between market reference rate 76.02 and exchange rate charged 74.621.84
Total cost (%)
3.843.84
Total cost (USD)sort descending
7.687.68
Firm
money2India (ICICI Bank)
Firm type: Bank / 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 (%)
1.85
Percentage difference between market reference rate 76.02 and exchange rate charged 74.611.85
Total cost (%)
3.853.85
Total cost (USD)sort descending
7.707.70
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 (%)
0.93
Percentage difference between market reference rate 76.02 and exchange rate charged 75.310.93
Total cost (%)
3.913.91
Total cost (USD)sort descending
7.827.82
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
7.007.00
Exchange rate margin (%)
0.42
Percentage difference between market reference rate 76.02 and exchange rate charged 75.700.42
Total cost (%)
3.923.92
Total cost (USD)sort descending
7.847.84
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 (%)
2.50
Percentage difference between market reference rate 76.02 and exchange rate charged 74.122.50
Total cost (%)
3.993.99
Total cost (USD)sort descending
7.987.98
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 (%)
1.34
Percentage difference between market reference rate 76.02 and exchange rate charged 75.001.34
Total cost (%)
4.594.59
Total cost (USD)sort descending
9.189.18
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 (%)
1.72
Percentage difference between market reference rate 76.02 and exchange rate charged 74.711.72
Total cost (%)
5.225.22
Total cost (USD)sort descending
10.4410.44
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 (%)
3.02
Percentage difference between market reference rate 76.02 and exchange rate charged 73.733.02
Total cost (%)
5.525.52
Total cost (USD)sort descending
11.0411.04
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 (%)
3.02
Percentage difference between market reference rate 76.02 and exchange rate charged 73.733.02
Total cost (%)
5.525.52
Total cost (USD)sort descending
11.0411.04
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 (%)
0.42
Percentage difference between market reference rate 76.02 and exchange rate charged 75.700.42
Total cost (%)
5.925.92
Total cost (USD)sort descending
11.8411.84
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 (%)
2.52
Percentage difference between market reference rate 76.02 and exchange rate charged 74.102.52
Total cost (%)
6.026.02
Total cost (USD)sort descending
12.0412.04
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 (%)
0.66
Percentage difference between market reference rate 76.02 and exchange rate charged 75.520.66
Total cost (%)
6.166.16
Total cost (USD)sort descending
12.3212.32
Total Average Second Quarter
3.273.27
Total Average First Quarter
2.922.92
Total Average
Fee
4.094.09
Exchange Rate Margin (%)
1.231.23
Total Cost Percent (%)
3.273.27
Total Cost (USD) Total Cost (USD)
6.556.55
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 (%)
0.17
Percentage difference between market reference rate 76.02 and exchange rate charged 75.890.17
Total cost (%)
0.170.17
Total cost (USD)sort descending
0.850.85
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 (%)
0.17
Percentage difference between market reference rate 76.02 and exchange rate charged 75.890.17
Total cost (%)
0.770.77
Total cost (USD)sort descending
3.853.85
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 (%)
0.68
Percentage difference between market reference rate 76.02 and exchange rate charged 75.500.68
Total cost (%)
0.880.88
Total cost (USD)sort descending
4.404.40
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 (%)
1.27
Percentage difference between market reference rate 76.02 and exchange rate charged 75.061.27
Total cost (%)
1.271.27
Total cost (USD)sort descending
6.356.35
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 (%)
0.68
Percentage difference between market reference rate 76.02 and exchange rate charged 75.500.68
Total cost (%)
1.281.28
Total cost (USD)sort descending
6.406.40
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 (%)
1.31
Percentage difference between market reference rate 76.02 and exchange rate charged 75.021.31
Total cost (%)
1.311.31
Total cost (USD)sort descending
6.556.55
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 (%)
1.41
Percentage difference between market reference rate 76.02 and exchange rate charged 74.951.41
Total cost (%)
1.411.41
Total cost (USD)sort descending
7.057.05
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 (%)
0.68
Percentage difference between market reference rate 76.02 and exchange rate charged 75.500.68
Total cost (%)
1.481.48
Total cost (USD)sort descending
7.407.40
Firm
Ria
Firm type: Money Transfer Operator
 
Payment instrument
Access point
Agent, Internet
Sending network coverage
High
Transfer speed
Receiving method
Disbursing network coverage
High
Fee
4.004.00
Exchange rate margin (%)
0.68
Percentage difference between market reference rate 76.02 and exchange rate charged 75.500.68
Total cost (%)
1.481.48
Total cost (USD)sort descending
7.407.40
Firm
Remit2India
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 (%)
0.95
Percentage difference between market reference rate 76.02 and exchange rate charged 75.300.95
Total cost (%)
1.551.55
Total cost (USD)sort descending
7.757.75
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
7.007.00
Exchange rate margin (%)
0.42
Percentage difference between market reference rate 76.02 and exchange rate charged 75.700.42
Total cost (%)
1.821.82
Total cost (USD)sort descending
9.109.10
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 (%)
1.27
Percentage difference between market reference rate 76.02 and exchange rate charged 75.061.27
Total cost (%)
1.861.86
Total cost (USD)sort descending
9.309.30
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 (%)
1.34
Percentage difference between market reference rate 76.02 and exchange rate charged 75.001.34
Total cost (%)
1.941.94
Total cost (USD)sort descending
9.709.70
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 (%)
0.93
Percentage difference between market reference rate 76.02 and exchange rate charged 75.310.93
Total cost (%)
2.122.12
Total cost (USD)sort descending
10.6010.60
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 (%)
1.17
Percentage difference between market reference rate 76.02 and exchange rate charged 75.131.17
Total cost (%)
2.162.16
Total cost (USD)sort descending
10.8010.80
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 (%)
0.42
Percentage difference between market reference rate 76.02 and exchange rate charged 75.700.42
Total cost (%)
2.622.62
Total cost (USD)sort descending
13.1013.10
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 (%)
1.84
Percentage difference between market reference rate 76.02 and exchange rate charged 74.621.84
Total cost (%)
2.642.64
Total cost (USD)sort descending
13.2013.20
Firm
money2India (ICICI Bank)
Firm type: Bank / 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 (%)
1.85
Percentage difference between market reference rate 76.02 and exchange rate charged 74.611.85
Total cost (%)
2.652.65
Total cost (USD)sort descending
13.2513.25
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 (%)
0.66
Percentage difference between market reference rate 76.02 and exchange rate charged 75.520.66
Total cost (%)
2.862.86
Total cost (USD)sort descending
14.3014.30
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 (%)
1.72
Percentage difference between market reference rate 76.02 and exchange rate charged 74.711.72
Total cost (%)
3.123.12
Total cost (USD)sort descending
15.6015.60
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 (%)
1.17
Percentage difference between market reference rate 76.02 and exchange rate charged 75.131.17
Total cost (%)
3.163.16
Total cost (USD)sort descending
15.8015.80
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 (%)
2.50
Percentage difference between market reference rate 76.02 and exchange rate charged 74.122.50
Total cost (%)
3.303.30
Total cost (USD)sort descending
16.5016.50
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 (%)
2.89
Percentage difference between market reference rate 76.02 and exchange rate charged 73.822.89
Total cost (%)
3.893.89
Total cost (USD)sort descending
19.4519.45
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 (%)
2.42
Percentage difference between market reference rate 76.02 and exchange rate charged 74.182.42
Total cost (%)
4.224.22
Total cost (USD)sort descending
21.1021.10
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 (%)
2.89
Percentage difference between market reference rate 76.02 and exchange rate charged 73.822.89
Total cost (%)
4.294.29
Total cost (USD)sort descending
21.4521.45
Firm
Xoom
Firm type: Money Transfer Operator
 
Payment instrument
Access point
Internet
Sending network coverage
High
Transfer speed
Receiving method
Agent
Disbursing network coverage
Medium
Fee
15.4915.49
Exchange rate margin (%)
1.34
Percentage difference between market reference rate 76.02 and exchange rate charged 75.001.34
Total cost (%)
4.444.44
Total cost (USD)sort descending
22.2022.20
Total Average Second Quarter
2.172.17
Total Average First Quarter
1.881.88
Total Average
Fee
4.794.79
Exchange Rate Margin (%)
1.221.22
Total Cost Percent (%)
2.172.17
Total Cost (USD) Total Cost (USD)
10.8710.87
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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