SEND MONEY AFRICA

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Sending money from CANADA to ZIMBABWE

Data collected on: Dec 14, 2016

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Firm
Product
Fee
Exchange Rate Margin (%)
Total Cost Percent (%)
Total Cost (CAD)sort ascendingTotal Cost (USD)sort ascending
Amount Received
Transfer Speed
Network Coverage
Firm
Toronto Dominion Bank
Product
Fee
30.00
Exchange Rate Margin (%)
4.20
4.20
Total Cost Percent (%)
19.2019.20
Total Cost (CAD)sort ascendingTotal Cost (USD)sort ascending
38.40
Amount Received
168.74
Transfer Speed
Network Coverage
Firm
Western Union
Product
Fee
20.00
Exchange Rate Margin (%)
4.20
4.20
Total Cost Percent (%)
14.2014.20
Total Cost (CAD)sort ascendingTotal Cost (USD)sort ascending
28.40
Amount Received
179.16
Transfer Speed
Network Coverage
Firm
Western Union
Product
Fee
16.00
Exchange Rate Margin (%)
4.20
4.20
Total Cost Percent (%)
12.2012.20
Total Cost (CAD)sort ascendingTotal Cost (USD)sort ascending
24.40
Amount Received
183.33
Transfer Speed
Network Coverage
Firm
MoneyGram
Product
Fee
15.00
Exchange Rate Margin (%)
3.41
3.41
Total Cost Percent (%)
10.9110.91
Total Cost (CAD)sort ascendingTotal Cost (USD)sort ascending
21.82
Amount Received
184.49
Transfer Speed
Network Coverage
Firm
Royal Bank of Canada
Product
Fee
15.00
Exchange Rate Margin (%)
2.89
2.89
Total Cost Percent (%)
10.3910.39
Total Cost (CAD)sort ascendingTotal Cost (USD)sort ascending
20.78
Amount Received
184.57
Transfer Speed
Network Coverage
Firm
ScotiaBank
Product
Fee
11.00
Exchange Rate Margin (%)
4.20
4.20
Total Cost Percent (%)
9.709.70
Total Cost (CAD)sort ascendingTotal Cost (USD)sort ascending
19.40
Amount Received
188.54
Transfer Speed
Network Coverage
Firm
WorldRemit
Product
Fee
8.99
Exchange Rate Margin (%)
4.20
4.20
Total Cost Percent (%)
8.698.69
Total Cost (CAD)sort ascendingTotal Cost (USD)sort ascending
17.38
Amount Received
190.63
Transfer Speed
Network Coverage
Bank Average
Fee
18.670.00
Exchange Rate Margin (%)
3.763.76
Total Cost Percent (%)
13.1013.10
Total Cost (CAD) Total Cost (USD)
26.190.00
Total Average Dec 2016
12.1812.18
Total Average Sep 2016
11.1611.16
Money Transfer Operator Average
Fee
17.000.00
Exchange Rate Margin (%)
3.943.94
Total Cost Percent (%)
12.4412.44
Total Cost (CAD) Total Cost (USD)
24.870.00
Bank / Money Transfer Operator Average
Fee
8.990.00
Exchange Rate Margin (%)
4.204.20
Total Cost Percent (%)
8.698.69
Total Cost (CAD) Total Cost (USD)
17.380.00
Total Average
Fee
16.570.00
Exchange Rate Margin (%)
3.903.90
Total Cost Percent (%)
12.1812.18
Total Cost (CAD) Total Cost (USD)
24.370.00
Total Average in Sep 2016
Fee
16.170.00
Exchange Rate Margin (%)
3.083.08
Total Cost Percent (%)
11.1611.16
Total Cost (CAD) Total Cost (USD)
22.320.00
Total Average Dec 2016
12.1812.18
Total Average Sep 2016
11.1611.16
Non-Transparent records
Bank account Card Cash Mobile On-line Prepaid card
Main city Major cities Nationwide Rural only Urban only
Less than one hour Same day Next day 2 days 3-5 days 6 days or more
Firm
Product
Fee
Exchange Rate Margin (%)
Total Cost Percent (%)
Total Cost (CAD)Total Cost (USD)
Amount Received
Transfer Speed
Network Coverage
Firm
WorldRemit
Product
Fee
12.99
Exchange Rate Margin (%)
4.20
4.20
Total Cost Percent (%)
6.806.80
Total Cost (CAD)Total Cost (USD)
34.00
Amount Received
486.46
Transfer Speed
Network Coverage
Firm
ScotiaBank
Product
Fee
14.00
Exchange Rate Margin (%)
4.20
4.20
Total Cost Percent (%)
7.007.00
Total Cost (CAD)Total Cost (USD)
35.00
Amount Received
485.41
Transfer Speed
Network Coverage
Firm
Royal Bank of Canada
Product
Fee
15.00
Exchange Rate Margin (%)
2.89
2.89
Total Cost Percent (%)
5.895.89
Total Cost (CAD)Total Cost (USD)
29.45
Amount Received
484.57
Transfer Speed
Network Coverage
Firm
MoneyGram
Product
Fee
20.00
Exchange Rate Margin (%)
3.41
3.41
Total Cost Percent (%)
7.417.41
Total Cost (CAD)Total Cost (USD)
37.05
Amount Received
479.32
Transfer Speed
Network Coverage
Firm
Western Union
Product
Fee
21.00
Exchange Rate Margin (%)
4.20
4.20
Total Cost Percent (%)
8.408.40
Total Cost (CAD)Total Cost (USD)
42.00
Amount Received
478.12
Transfer Speed
Network Coverage
Firm
Western Union
Product
Fee
30.00
Exchange Rate Margin (%)
4.20
4.20
Total Cost Percent (%)
10.2010.20
Total Cost (CAD)Total Cost (USD)
51.00
Amount Received
468.74
Transfer Speed
Network Coverage
Firm
Toronto Dominion Bank
Product
Fee
30.00
Exchange Rate Margin (%)
4.20
4.20
Total Cost Percent (%)
10.2010.20
Total Cost (CAD)Total Cost (USD)
51.00
Amount Received
468.74
Transfer Speed
Network Coverage
Bank Average
Fee
19.670.00
Exchange Rate Margin (%)
3.763.76
Total Cost Percent (%)
7.707.70
Total Cost (CAD) Total Cost (USD)
38.480.00
Total Average Dec 2016
7.997.99
Total Average Sep 2016
7.257.25
Money Transfer Operator Average
Fee
23.670.00
Exchange Rate Margin (%)
3.943.94
Total Cost Percent (%)
8.678.67
Total Cost (CAD) Total Cost (USD)
43.350.00
Bank / Money Transfer Operator Average
Fee
12.990.00
Exchange Rate Margin (%)
4.204.20
Total Cost Percent (%)
6.806.80
Total Cost (CAD) Total Cost (USD)
34.000.00
Total Average
Fee
20.430.00
Exchange Rate Margin (%)
3.903.90
Total Cost Percent (%)
7.997.99
Total Cost (CAD) Total Cost (USD)
39.930.00
Total Average in Sep 2016
Fee
18.830.00
Exchange Rate Margin (%)
3.493.49
Total Cost Percent (%)
7.257.25
Total Cost (CAD) Total Cost (USD)
36.270.00
Total Average Dec 2016
7.997.99
Total Average Sep 2016
7.257.25
Non-Transparent records
Bank account Card Cash Mobile On-line Prepaid card
Main city Major cities Nationwide Rural only Urban only
Less than one hour Same day Next day 2 days 3-5 days 6 days or more
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