Remittance Prices Worldwide

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Sending money from UNITED STATES to NIGERIA

Data collected on: Feb 08, 2019
Payment instrument
Access point
Sending network coverage
Receiving method
Western Union
Payment instrument
Access point
Agent
Sending network coverage
High
Receiving method
High
10.0010.00
2.38
2.38
7.387.38
14.7614.76
MoneyGram
Payment instrument
Access point
Agent
Sending network coverage
High
Receiving method
Medium
7.507.50
2.51
2.51
6.266.26
12.5212.52
Western Union
Payment instrument
Access point
Internet
Sending network coverage
High
Receiving method
High
15.0015.00
3.93
3.93
11.4311.43
22.8622.86
MoneyGram
Payment instrument
Access point
Agent
Sending network coverage
High
Receiving method
High
14.0014.00
4.01
4.01
11.0111.01
22.0222.02
Western Union
Payment instrument
Access point
Internet
Sending network coverage
High
Receiving method
High
11.0011.00
3.96
3.96
9.469.46
18.9218.92
MoneyGram
Payment instrument
Access point
Internet
Sending network coverage
High
Receiving method
High
16.0016.00
2.55
2.55
10.5510.55
21.1021.10
Western Union
Payment instrument
Access point
Agent
Sending network coverage
High
Receiving method
High
5.005.00
2.46
2.46
4.964.96
9.929.92
MoneyGram
Payment instrument
Access point
Internet
Sending network coverage
High
Receiving method
High
12.0012.00
2.55
2.55
8.558.55
17.1017.10
WorldRemit
Payment instrument
Access point
Internet
Sending network coverage
High
Receiving method
Medium
4.994.99
2.52
2.52
5.025.02
10.0410.04
Sigue Money Transfers
Payment instrument
Access point
Agent
Sending network coverage
High
Receiving method
High
8.008.00
0.00
0.00
4.004.00
8.008.00
Xoom
Payment instrument
Access point
Internet
Sending network coverage
High
Receiving method
Medium
4.994.99
3.38
3.38
5.885.88
11.7611.76
Transfast
Payment instrument
Access point
Internet
Sending network coverage
High
Receiving method
High
5.995.99
6.20
6.20
9.209.20
18.4018.40
Xoom
Payment instrument
Access point
Internet
Sending network coverage
High
Receiving method
High
10.9910.99
3.38
3.38
8.888.88
17.7617.76
Transfast
Payment instrument
Access point
Internet
Sending network coverage
High
Receiving method
High
0.000.00
3.44
3.44
3.443.44
6.886.88
Transferwise
Payment instrument
Access point
Internet
Sending network coverage
High
Receiving method
Medium
4.754.75
2.03
2.03
4.404.40
8.808.80
Walmart2World
Payment instrument
Access point
Agent
Sending network coverage
High
Receiving method
High
8.008.00
2.27
2.27
6.276.27
12.5412.54
Western Union
Payment instrument
Access point
Internet
Sending network coverage
High
Receiving method
High
5.005.00
2.43
2.43
4.934.93
9.869.86
Total Average First Quarter
7.157.15
Total Average Fourth Quarter 2018
7.637.63
Total Average
Fee
8.428.42
Exchange Rate Margin (%)
2.942.94
Total Cost Percent (%)
7.157.15
Total Cost (USD) Total Cost (USD)
14.3114.31
Non-Transparent records
Bank account transfer Debit/credit card Cash
Less than one hour Same day 3-5 days
Bank account Cash
Payment instrument
Access point
Sending network coverage
Receiving method
Transfast
Payment instrument
Access point
Internet
Sending network coverage
High
Receiving method
High
N/AN/A
N/A
N/A
N/AN/A
N/AN/A
Sigue Money Transfers
Payment instrument
Access point
Agent
Sending network coverage
High
Receiving method
High
10.0010.00
0.00
0.00
2.002.00
10.0010.00
Transferwise
Payment instrument
Access point
Internet
Sending network coverage
High
Receiving method
Medium
7.457.45
2.03
2.03
3.523.52
17.6017.60
Walmart2World
Payment instrument
Access point
Agent
Sending network coverage
High
Receiving method
High
8.008.00
2.27
2.27
3.873.87
19.3519.35
Western Union
Payment instrument
Access point
Agent
Sending network coverage
High
Receiving method
High
10.0010.00
2.38
2.38
4.384.38
21.9021.90
Western Union
Payment instrument
Access point
Internet
Sending network coverage
High
Receiving method
High
5.005.00
2.43
2.43
3.433.43
17.1517.15
Western Union
Payment instrument
Access point
Agent
Sending network coverage
High
Receiving method
High
5.005.00
2.46
2.46
3.463.46
17.3017.30
MoneyGram
Payment instrument
Access point
Agent
Sending network coverage
High
Receiving method
Medium
7.507.50
2.51
2.51
4.014.01
20.0520.05
WorldRemit
Payment instrument
Access point
Internet
Sending network coverage
High
Receiving method
Medium
9.999.99
2.52
2.52
4.524.52
22.6022.60
MoneyGram
Payment instrument
Access point
Internet
Sending network coverage
High
Receiving method
High
27.0027.00
2.55
2.55
7.957.95
39.7539.75
MoneyGram
Payment instrument
Access point
Internet
Sending network coverage
High
Receiving method
High
14.0014.00
2.62
2.62
5.425.42
27.1027.10
Xoom
Payment instrument
Access point
Internet
Sending network coverage
High
Receiving method
Medium
4.994.99
3.38
3.38
4.384.38
21.9021.90
Xoom
Payment instrument
Access point
Internet
Sending network coverage
High
Receiving method
High
25.9925.99
3.38
3.38
8.588.58
42.9042.90
Transfast
Payment instrument
Access point
Internet
Sending network coverage
High
Receiving method
High
0.000.00
3.44
3.44
3.443.44
17.2017.20
Western Union
Payment instrument
Access point
Internet
Sending network coverage
High
Receiving method
High
26.0026.00
3.93
3.93
9.139.13
45.6545.65
Western Union
Payment instrument
Access point
Internet
Sending network coverage
High
Receiving method
High
13.0013.00
3.96
3.96
6.566.56
32.8032.80
MoneyGram
Payment instrument
Access point
Agent
Sending network coverage
High
Receiving method
High
20.0020.00
4.01
4.01
8.018.01
40.0540.05
Total Average First Quarter
5.175.17
Total Average Fourth Quarter 2018
5.805.80
Total Average
Fee
12.1212.12
Exchange Rate Margin (%)
2.742.74
Total Cost Percent (%)
5.175.17
Total Cost (USD) Total Cost (USD)
25.8325.83
Non-Transparent records
Bank account transfer Debit/credit card Cash
Less than one hour Same day 3-5 days
Bank account Cash