SEND MONEY AFRICA

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Sending money from GERMANY to NIGERIA

Data collected on: Jun 28, 2018

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Firm
Product
Fee
Exchange Rate Margin (%)
Total Cost Percent (%)
Total Cost (EUR)sort descendingTotal Cost (USD)sort descending
Amount Received
Transfer Speed
Network Coverage
Firm
azimo
Product
Fee
0.99
Exchange Rate Margin (%)
2.53
2.53
Total Cost Percent (%)
3.243.24
Total Cost (EUR)sort descendingTotal Cost (USD)sort descending
4.54
Amount Received
56,427.91
Transfer Speed
Network Coverage
Firm
Western Union
Product
Fee
2.90
Exchange Rate Margin (%)
3.82
3.82
Total Cost Percent (%)
5.895.89
Total Cost (EUR)sort descendingTotal Cost (USD)sort descending
8.25
Amount Received
54,918.22
Transfer Speed
Network Coverage
Firm
MoneyGram
Product
Fee
4.90
Exchange Rate Margin (%)
3.79
3.79
Total Cost Percent (%)
7.297.29
Total Cost (EUR)sort descendingTotal Cost (USD)sort descending
10.21
Amount Received
54,136.34
Transfer Speed
Network Coverage
Firm
Western Union
Product
Fee
4.90
Exchange Rate Margin (%)
3.82
3.82
Total Cost Percent (%)
7.327.32
Total Cost (EUR)sort descendingTotal Cost (USD)sort descending
10.25
Amount Received
54,117.07
Transfer Speed
Network Coverage
Firm
WorldRemit
Product
Fee
5.99
Exchange Rate Margin (%)
3.47
3.47
Total Cost Percent (%)
7.757.75
Total Cost (EUR)sort descendingTotal Cost (USD)sort descending
10.85
Amount Received
53,876.04
Transfer Speed
Network Coverage
Firm
MoneyGram
Product
Fee
9.30
Exchange Rate Margin (%)
1.87
1.87
Total Cost Percent (%)
8.528.52
Total Cost (EUR)sort descendingTotal Cost (USD)sort descending
11.93
Amount Received
53,414.65
Transfer Speed
Network Coverage
Firm
Small World
Product
Fee
8.00
Exchange Rate Margin (%)
3.59
3.59
Total Cost Percent (%)
9.319.31
Total Cost (EUR)sort descendingTotal Cost (USD)sort descending
13.03
Amount Received
52,999.49
Transfer Speed
Network Coverage
Firm
Western Union
Product
Fee
9.40
Exchange Rate Margin (%)
3.82
3.82
Total Cost Percent (%)
10.5310.53
Total Cost (EUR)sort descendingTotal Cost (USD)sort descending
14.74
Amount Received
52,314.51
Transfer Speed
Network Coverage
Firm
Ria
Product
Fee
10.00
Exchange Rate Margin (%)
3.83
3.83
Total Cost Percent (%)
10.9710.97
Total Cost (EUR)sort descendingTotal Cost (USD)sort descending
15.36
Amount Received
52,068.90
Transfer Speed
Network Coverage
Firm
Postbank via Western Union
Product
Fee
19.90
Exchange Rate Margin (%)
3.82
3.82
Total Cost Percent (%)
18.0318.03
Total Cost (EUR)sort descendingTotal Cost (USD)sort descending
25.24
Amount Received
48,108.52
Transfer Speed
Network Coverage
Firm
This firm is not transparent: the amount to be received in local currency was not quoted. The 0% in the exchange rate margin does NOT necessarily mean that there is no exchange rate cost, but rather that this cost is not known by the sender at the time of sending. ·
Postbank
Product
Fee
1.50
Exchange Rate Margin (%)
0.00
0.00
Total Cost Percent (%)
1.071.07
Total Cost (EUR)sort descendingTotal Cost (USD)sort descending
1.50
Amount Received
138.50
Transfer Speed
Network Coverage
Firm
This firm is not transparent: the amount to be received in local currency was not quoted. The 0% in the exchange rate margin does NOT necessarily mean that there is no exchange rate cost, but rather that this cost is not known by the sender at the time of sending. ·
Postbank
Product
Fee
8.50
Exchange Rate Margin (%)
0.00
0.00
Total Cost Percent (%)
6.076.07
Total Cost (EUR)sort descendingTotal Cost (USD)sort descending
8.50
Amount Received
131.50
Transfer Speed
Network Coverage
Bank Average
Fee
9.970.00
Exchange Rate Margin (%)
1.271.27
Total Cost Percent (%)
8.398.39
Total Cost (EUR) Total Cost (USD)
11.750.00
Total Average Jun 2018
8.008.00
Total Average Mar 2018
6.926.92
Money Transfer Operator Average
Fee
6.300.00
Exchange Rate Margin (%)
3.383.38
Total Cost Percent (%)
7.887.88
Total Cost (EUR) Total Cost (USD)
11.040.00
Bank / Money Transfer Operator Average
Fee
5.990.00
Exchange Rate Margin (%)
3.473.47
Total Cost Percent (%)
7.757.75
Total Cost (EUR) Total Cost (USD)
10.850.00
Total Average
Fee
7.190.00
Exchange Rate Margin (%)
2.862.86
Total Cost Percent (%)
8.008.00
Total Cost (EUR) Total Cost (USD)
11.200.00
Total Average in Mar 2018
Fee
5.900.00
Exchange Rate Margin (%)
2.712.71
Total Cost Percent (%)
6.926.92
Total Cost (EUR) Total Cost (USD)
9.690.00
Total Average Jun 2018
8.008.00
Total Average Mar 2018
6.926.92
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 (EUR)sort descendingTotal Cost (USD)sort descending
Amount Received
Transfer Speed
Network Coverage
Firm
azimo
Product
Fee
0.99
Exchange Rate Margin (%)
2.53
2.53
Total Cost Percent (%)
2.822.82
Total Cost (EUR)sort descendingTotal Cost (USD)sort descending
9.73
Amount Received
139,642.95
Transfer Speed
Network Coverage
Firm
Western Union
Product
Fee
2.90
Exchange Rate Margin (%)
3.82
3.82
Total Cost Percent (%)
4.664.66
Total Cost (EUR)sort descendingTotal Cost (USD)sort descending
16.08
Amount Received
137,035.17
Transfer Speed
Network Coverage
Firm
MoneyGram
Product
Fee
14.80
Exchange Rate Margin (%)
1.87
1.87
Total Cost Percent (%)
6.166.16
Total Cost (EUR)sort descendingTotal Cost (USD)sort descending
21.25
Amount Received
134,946.57
Transfer Speed
Network Coverage
Firm
Small World
Product
Fee
11.00
Exchange Rate Margin (%)
3.59
3.59
Total Cost Percent (%)
6.786.78
Total Cost (EUR)sort descendingTotal Cost (USD)sort descending
23.39
Amount Received
134,104.77
Transfer Speed
Network Coverage
Firm
WorldRemit
Product
Fee
12.99
Exchange Rate Margin (%)
3.47
3.47
Total Cost Percent (%)
7.237.23
Total Cost (EUR)sort descendingTotal Cost (USD)sort descending
24.94
Amount Received
133,477.98
Transfer Speed
Network Coverage
Firm
Western Union
Product
Fee
12.90
Exchange Rate Margin (%)
3.82
3.82
Total Cost Percent (%)
7.567.56
Total Cost (EUR)sort descendingTotal Cost (USD)sort descending
26.08
Amount Received
133,029.46
Transfer Speed
Network Coverage
Firm
MoneyGram
Product
Fee
14.90
Exchange Rate Margin (%)
3.79
3.79
Total Cost Percent (%)
8.108.10
Total Cost (EUR)sort descendingTotal Cost (USD)sort descending
27.95
Amount Received
132,275.39
Transfer Speed
Network Coverage
Firm
Western Union
Product
Fee
14.90
Exchange Rate Margin (%)
3.82
3.82
Total Cost Percent (%)
8.148.14
Total Cost (EUR)sort descendingTotal Cost (USD)sort descending
28.08
Amount Received
132,228.32
Transfer Speed
Network Coverage
Firm
Ria
Product
Fee
18.00
Exchange Rate Margin (%)
3.83
3.83
Total Cost Percent (%)
9.059.05
Total Cost (EUR)sort descendingTotal Cost (USD)sort descending
31.22
Amount Received
130,973.31
Transfer Speed
Network Coverage
Firm
Postbank via Western Union
Product
Fee
29.90
Exchange Rate Margin (%)
3.82
3.82
Total Cost Percent (%)
12.4912.49
Total Cost (EUR)sort descendingTotal Cost (USD)sort descending
43.09
Amount Received
126,219.76
Transfer Speed
Network Coverage
Firm
This firm is not transparent: the amount to be received in local currency was not quoted. The 0% in the exchange rate margin does NOT necessarily mean that there is no exchange rate cost, but rather that this cost is not known by the sender at the time of sending. ·
Postbank
Product
Fee
1.50
Exchange Rate Margin (%)
0.00
0.00
Total Cost Percent (%)
0.430.43
Total Cost (EUR)sort descendingTotal Cost (USD)sort descending
1.48
Amount Received
343.50
Transfer Speed
Network Coverage
Firm
This firm is not transparent: the amount to be received in local currency was not quoted. The 0% in the exchange rate margin does NOT necessarily mean that there is no exchange rate cost, but rather that this cost is not known by the sender at the time of sending. ·
Postbank
Product
Fee
8.50
Exchange Rate Margin (%)
0.00
0.00
Total Cost Percent (%)
2.462.46
Total Cost (EUR)sort descendingTotal Cost (USD)sort descending
8.49
Amount Received
336.50
Transfer Speed
Network Coverage
Bank Average
Fee
13.300.00
Exchange Rate Margin (%)
1.271.27
Total Cost Percent (%)
5.135.13
Total Cost (EUR) Total Cost (USD)
17.690.00
Total Average Jun 2018
6.326.32
Total Average Mar 2018
5.615.61
Money Transfer Operator Average
Fee
11.300.00
Exchange Rate Margin (%)
3.383.38
Total Cost Percent (%)
6.666.66
Total Cost (EUR) Total Cost (USD)
22.970.00
Bank / Money Transfer Operator Average
Fee
12.990.00
Exchange Rate Margin (%)
3.473.47
Total Cost Percent (%)
7.237.23
Total Cost (EUR) Total Cost (USD)
24.940.00
Total Average
Fee
11.940.00
Exchange Rate Margin (%)
2.862.86
Total Cost Percent (%)
6.326.32
Total Cost (EUR) Total Cost (USD)
21.820.00
Total Average in Mar 2018
Fee
10.020.00
Exchange Rate Margin (%)
2.712.71
Total Cost Percent (%)
5.615.61
Total Cost (EUR) Total Cost (USD)
19.360.00
Total Average Jun 2018
6.326.32
Total Average Mar 2018
5.615.61
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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