Remittance Prices Worldwide

MAKING MARKETS MORE TRANSPARENT

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Sending money from UNITED STATES to INDIA

Data collected on: Oct 28, 2020
Payment instrument
Access point
Sending network coverage
Transfer speed
<em>Transfer Speed</em> has been standardized in six broad categories.
Receiving method
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 (USD)sort descending
The total cost of sending a remittance transfer includes: the fee charged to the sender plus the exchange rate margin.
Citibank
Firm type: Bank
Payment instrument
Access point
Internet
Sending network coverage
High
Receiving method
High
0.000.00
0.00
Percentage difference between market reference rate 1.00 and exchange rate charged 1.00
0.00
0.000.00
0.000.00
Western Union
Firm type: Money Transfer Operator
Payment instrument
Access point
Internet
Sending network coverage
High
Receiving method
High
0.000.00
1.11
Percentage difference between market reference rate 74.20 and exchange rate charged 73.38
1.11
1.111.11
2.222.22
Wells Fargo
Firm type: Bank
Payment instrument
Access point
Agent, Call Center
Sending network coverage
High
Receiving method
High
0.000.00
1.28
Percentage difference between market reference rate 74.20 and exchange rate charged 73.25
1.28
1.281.28
2.562.56
MoneyGram
Firm type: Money Transfer Operator
Payment instrument
Access point
Internet
Sending network coverage
High
Receiving method
High
0.000.00
1.28
Percentage difference between market reference rate 74.20 and exchange rate charged 73.25
1.28
1.281.28
2.562.56
Ria
Firm type: Money Transfer Operator
Payment instrument
Access point
Internet
Sending network coverage
High
Receiving method
High
1.001.00
0.84
Percentage difference between market reference rate 74.20 and exchange rate charged 73.58
0.84
1.341.34
2.682.68
Kotak Click2Remit
Firm type: Bank
Payment instrument
Access point
Internet
Sending network coverage
High
Receiving method
High
0.000.00
1.37
Percentage difference between market reference rate 74.20 and exchange rate charged 73.18
1.37
1.371.37
2.742.74
MoneyGram
Firm type: Money Transfer Operator
Payment instrument
Access point
Internet
Sending network coverage
High
Receiving method
High
0.000.00
1.58
Percentage difference between market reference rate 74.20 and exchange rate charged 73.03
1.58
1.581.58
3.163.16
Remit2India
Firm type: Money Transfer Operator
Payment instrument
Access point
Internet
Sending network coverage
High
Receiving method
Agent
High
2.992.99
0.80
Percentage difference between market reference rate 74.20 and exchange rate charged 73.61
0.80
2.292.29
4.584.58
Ria
Firm type: Money Transfer Operator
Payment instrument
Access point
Internet
Sending network coverage
High
Receiving method
High
3.003.00
0.84
Percentage difference between market reference rate 74.20 and exchange rate charged 73.58
0.84
2.342.34
4.684.68
Ria
Firm type: Money Transfer Operator
Payment instrument
Access point
Internet
Sending network coverage
High
Receiving method
Agent
High
3.003.00
0.84
Percentage difference between market reference rate 74.20 and exchange rate charged 73.58
0.84
2.342.34
4.684.68
Western Union
Firm type: Money Transfer Operator
Payment instrument
Access point
Agent, Call Center, Internet
Sending network coverage
High
Receiving method
High
2.992.99
1.11
Percentage difference between market reference rate 74.20 and exchange rate charged 73.38
1.11
2.602.60
5.205.20
Pangea
Firm type: Money Transfer Operator
Payment instrument
Access point
Internet
Sending network coverage
High
Receiving method
Agent
High
3.953.95
1.00
Percentage difference between market reference rate 74.20 and exchange rate charged 73.46
1.00
2.972.97
5.945.94
Xoom
Firm type: Money Transfer Operator
Payment instrument
Access point
Internet
Sending network coverage
High
Receiving method
Agent
Medium
2.992.99
1.97
Percentage difference between market reference rate 74.20 and exchange rate charged 72.74
1.97
3.463.46
6.926.92
Remitly
Firm type: Money Transfer Operator
Payment instrument
Access point
Internet
Sending network coverage
High
Receiving method
Agent
High
3.993.99
1.47
Percentage difference between market reference rate 74.20 and exchange rate charged 73.11
1.47
3.463.46
6.926.92
WorldRemit
Firm type: Money Transfer Operator
Payment instrument
Access point
Internet
Sending network coverage
High
Receiving method
High
2.992.99
1.98
Percentage difference between market reference rate 74.20 and exchange rate charged 72.73
1.98
3.483.48
6.966.96
MoneyGram
Firm type: Money Transfer Operator
Payment instrument
Access point
Internet
Sending network coverage
High
Receiving method
Agent
High
3.993.99
1.78
Percentage difference between market reference rate 74.20 and exchange rate charged 72.88
1.78
3.773.77
7.547.54
money2India (ICICI Bank)
Firm type: Bank / Money Transfer Operator
Payment instrument
Access point
Internet
Sending network coverage
High
Receiving method
Agent
High
4.004.00
1.81
Percentage difference between market reference rate 74.20 and exchange rate charged 72.86
1.81
3.813.81
7.627.62
Ria
Firm type: Money Transfer Operator
Payment instrument
Access point
Agent, Internet
Sending network coverage
High
Receiving method
Agent
High
6.006.00
0.84
Percentage difference between market reference rate 74.20 and exchange rate charged 73.58
0.84
3.843.84
7.687.68
MoneyGram
Firm type: Money Transfer Operator
Payment instrument
Access point
Agent
Sending network coverage
High
Receiving method
High
6.006.00
1.04
Percentage difference between market reference rate 74.20 and exchange rate charged 73.43
1.04
4.044.04
8.088.08
MoneyGram
Firm type: Money Transfer Operator
Payment instrument
Access point
Internet
Sending network coverage
High
Receiving method
Agent
High
4.994.99
1.78
Percentage difference between market reference rate 74.20 and exchange rate charged 72.88
1.78
4.274.27
8.548.54
Xoom
Firm type: Money Transfer Operator
Payment instrument
Access point
Internet
Sending network coverage
High
Receiving method
Agent
Medium
6.496.49
1.97
Percentage difference between market reference rate 74.20 and exchange rate charged 72.74
1.97
5.215.21
10.4210.42
Walmart2World
Firm type: Bank
Payment instrument
Access point
Agent, Internet
Sending network coverage
High
Receiving method
Agent
High
8.008.00
1.28
Percentage difference between market reference rate 74.20 and exchange rate charged 73.25
1.28
5.285.28
10.5610.56
Western Union
Firm type: Money Transfer Operator
Payment instrument
Access point
Internet
Sending network coverage
High
Receiving method
Agent
High
5.005.00
2.86
Percentage difference between market reference rate 74.20 and exchange rate charged 72.08
2.86
5.365.36
10.7210.72
Western Union
Firm type: Money Transfer Operator
Payment instrument
Access point
Internet
Sending network coverage
High
Receiving method
Agent
High
5.005.00
2.86
Percentage difference between market reference rate 74.20 and exchange rate charged 72.08
2.86
5.365.36
10.7210.72
MoneyGram
Firm type: Money Transfer Operator
Payment instrument
Access point
Agent
Sending network coverage
High
Receiving method
Agent
High
11.0011.00
1.78
Percentage difference between market reference rate 74.20 and exchange rate charged 72.88
1.78
7.287.28
14.5614.56
Western Union
Firm type: Money Transfer Operator
Payment instrument
Access point
Agent
Sending network coverage
High
Receiving method
Agent
High
11.0011.00
2.36
Percentage difference between market reference rate 74.20 and exchange rate charged 72.45
2.36
7.867.86
15.7215.72
Western Union
Firm type: Money Transfer Operator
Payment instrument
Access point
Agent
Sending network coverage
High
Receiving method
Agent
High
11.0011.00
2.36
Percentage difference between market reference rate 74.20 and exchange rate charged 72.45
2.36
7.867.86
15.7215.72
Total Average Fourth Quarter 2020
3.513.51
Total Average Third Quarter 2020
3.153.15
Total Average
Fee
4.054.05
Exchange Rate Margin (%)
1.491.49
Total Cost Percent (%)
3.513.51
Total Cost (USD) Total Cost (USD)
7.037.03
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
Payment instrument
Access point
Sending network coverage
Receiving method
Ria
Firm type: Money Transfer Operator
Payment instrument
Access point
Agent, Internet
Sending network coverage
High
Receiving method
Agent
High
N/AN/A
N/A
not available
N/A
N/AN/A
N/AN/A
Citibank
Firm type: Bank
Payment instrument
Access point
Internet
Sending network coverage
High
Receiving method
High
0.000.00
0.00
Percentage difference between market reference rate 1.00 and exchange rate charged 1.00
0.00
0.000.00
0.000.00
Ria
Firm type: Money Transfer Operator
Payment instrument
Access point
Internet
Sending network coverage
High
Receiving method
High
1.001.00
0.84
Percentage difference between market reference rate 74.20 and exchange rate charged 73.58
0.84
1.041.04
5.205.20
Western Union
Firm type: Money Transfer Operator
Payment instrument
Access point
Internet
Sending network coverage
High
Receiving method
High
0.000.00
1.11
Percentage difference between market reference rate 74.20 and exchange rate charged 73.38
1.11
1.111.11
5.555.55
MoneyGram
Firm type: Money Transfer Operator
Payment instrument
Access point
Internet
Sending network coverage
High
Receiving method
High
0.000.00
1.28
Percentage difference between market reference rate 74.20 and exchange rate charged 73.25
1.28
1.281.28
6.406.40
Wells Fargo
Firm type: Bank
Payment instrument
Access point
Agent, Call Center
Sending network coverage
High
Receiving method
High
0.000.00
1.28
Percentage difference between market reference rate 74.20 and exchange rate charged 73.25
1.28
1.281.28
6.406.40
Kotak Click2Remit
Firm type: Bank
Payment instrument
Access point
Internet
Sending network coverage
High
Receiving method
High
0.000.00
1.37
Percentage difference between market reference rate 74.20 and exchange rate charged 73.18
1.37
1.371.37
6.856.85
Remit2India
Firm type: Money Transfer Operator
Payment instrument
Access point
Internet
Sending network coverage
High
Receiving method
Agent
High
2.992.99
0.80
Percentage difference between market reference rate 74.20 and exchange rate charged 73.61
0.80
1.391.39
6.956.95
Ria
Firm type: Money Transfer Operator
Payment instrument
Access point
Internet
Sending network coverage
High
Receiving method
Agent
High
3.003.00
0.84
Percentage difference between market reference rate 74.20 and exchange rate charged 73.58
0.84
1.441.44
7.207.20
MoneyGram
Firm type: Money Transfer Operator
Payment instrument
Access point
Internet
Sending network coverage
High
Receiving method
High
0.000.00
1.58
Percentage difference between market reference rate 74.20 and exchange rate charged 73.03
1.58
1.581.58
7.907.90
Ria
Firm type: Money Transfer Operator
Payment instrument
Access point
Internet
Sending network coverage
High
Receiving method
High
4.004.00
0.84
Percentage difference between market reference rate 74.20 and exchange rate charged 73.58
0.84
1.641.64
8.208.20
Western Union
Firm type: Money Transfer Operator
Payment instrument
Access point
Agent, Call Center, Internet
Sending network coverage
High
Receiving method
High
2.992.99
1.11
Percentage difference between market reference rate 74.20 and exchange rate charged 73.38
1.11
1.701.70
8.508.50
Pangea
Firm type: Money Transfer Operator
Payment instrument
Access point
Internet
Sending network coverage
High
Receiving method
Agent
High
5.955.95
1.00
Percentage difference between market reference rate 74.20 and exchange rate charged 73.46
1.00
2.192.19
10.9510.95
MoneyGram
Firm type: Money Transfer Operator
Payment instrument
Access point
Agent
Sending network coverage
High
Receiving method
High
6.006.00
1.04
Percentage difference between market reference rate 74.20 and exchange rate charged 73.43
1.04
2.242.24
11.2011.20
Remitly
Firm type: Money Transfer Operator
Payment instrument
Access point
Internet
Sending network coverage
High
Receiving method
Agent
High
3.993.99
1.47
Percentage difference between market reference rate 74.20 and exchange rate charged 73.11
1.47
2.272.27
11.3511.35
MoneyGram
Firm type: Money Transfer Operator
Payment instrument
Access point
Internet
Sending network coverage
High
Receiving method
Agent
High
3.993.99
1.78
Percentage difference between market reference rate 74.20 and exchange rate charged 72.88
1.78
2.582.58
12.9012.90
money2India (ICICI Bank)
Firm type: Bank / Money Transfer Operator
Payment instrument
Access point
Internet
Sending network coverage
High
Receiving method
Agent
High
4.004.00
1.81
Percentage difference between market reference rate 74.20 and exchange rate charged 72.86
1.81
2.612.61
13.0513.05
WorldRemit
Firm type: Money Transfer Operator
Payment instrument
Access point
Internet
Sending network coverage
High
Receiving method
High
3.993.99
1.98
Percentage difference between market reference rate 74.20 and exchange rate charged 72.73
1.98
2.782.78
13.9013.90
MoneyGram
Firm type: Money Transfer Operator
Payment instrument
Access point
Internet
Sending network coverage
High
Receiving method
Agent
High
4.994.99
1.78
Percentage difference between market reference rate 74.20 and exchange rate charged 72.88
1.78
2.782.78
13.9013.90
Walmart2World
Firm type: Bank
Payment instrument
Access point
Agent, Internet
Sending network coverage
High
Receiving method
Agent
High
8.008.00
1.28
Percentage difference between market reference rate 74.20 and exchange rate charged 73.25
1.28
2.882.88
14.4014.40
Xoom
Firm type: Money Transfer Operator
Payment instrument
Access point
Internet
Sending network coverage
High
Receiving method
Agent
Medium
4.994.99
1.97
Percentage difference between market reference rate 74.20 and exchange rate charged 72.74
1.97
2.972.97
14.8514.85
Western Union
Firm type: Money Transfer Operator
Payment instrument
Access point
Internet
Sending network coverage
High
Receiving method
Agent
High
5.005.00
2.74
Percentage difference between market reference rate 74.20 and exchange rate charged 72.17
2.74
3.743.74
18.7018.70
MoneyGram
Firm type: Money Transfer Operator
Payment instrument
Access point
Agent
Sending network coverage
High
Receiving method
Agent
High
11.0011.00
1.78
Percentage difference between market reference rate 74.20 and exchange rate charged 72.88
1.78
3.983.98
19.9019.90
Western Union
Firm type: Money Transfer Operator
Payment instrument
Access point
Internet
Sending network coverage
High
Receiving method
Agent
High
7.007.00
2.74
Percentage difference between market reference rate 74.20 and exchange rate charged 72.17
2.74
4.144.14
20.7020.70
Western Union
Firm type: Money Transfer Operator
Payment instrument
Access point
Agent
Sending network coverage
High
Receiving method
Agent
High
11.0011.00
2.26
Percentage difference between market reference rate 74.20 and exchange rate charged 72.52
2.26
4.464.46
22.3022.30
Western Union
Firm type: Money Transfer Operator
Payment instrument
Access point
Agent
Sending network coverage
High
Receiving method
Agent
High
11.0011.00
2.26
Percentage difference between market reference rate 74.20 and exchange rate charged 72.52
2.26
4.464.46
22.3022.30
Xoom
Firm type: Money Transfer Operator
Payment instrument
Access point
Internet
Sending network coverage
High
Receiving method
Agent
Medium
15.4915.49
1.97
Percentage difference between market reference rate 74.20 and exchange rate charged 72.74
1.97
5.075.07
25.3525.35
Total Average Fourth Quarter 2020
2.422.42
Total Average Third Quarter 2020
2.082.08
Total Average
Fee
4.634.63
Exchange Rate Margin (%)
1.501.50
Total Cost Percent (%)
2.422.42
Total Cost (USD) Total Cost (USD)
12.1112.11
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