SEND MONEY AFRICA

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Sending money from NETHERLANDS to NIGERIA

Data collected on: Jun 27, 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
Western Union
Product
Fee
4.90
Exchange Rate Margin (%)
3.74
3.74
Total Cost Percent (%)
7.247.24
Total Cost (EUR)sort descendingTotal Cost (USD)sort descending
10.14
Amount Received
55,212.30
Transfer Speed
Network Coverage
Firm
WorldRemit
Product
Fee
5.99
Exchange Rate Margin (%)
3.70
3.70
Total Cost Percent (%)
7.987.98
Total Cost (EUR)sort descendingTotal Cost (USD)sort descending
11.17
Amount Received
54,787.31
Transfer Speed
Network Coverage
Firm
MoneyGram
Product
Fee
9.00
Exchange Rate Margin (%)
3.76
3.76
Total Cost Percent (%)
10.1910.19
Total Cost (EUR)sort descendingTotal Cost (USD)sort descending
14.27
Amount Received
53,524.01
Transfer Speed
Network Coverage
Firm
MoneyTrans
Product
Fee
8.00
Exchange Rate Margin (%)
4.97
4.97
Total Cost Percent (%)
10.6810.68
Total Cost (EUR)sort descendingTotal Cost (USD)sort descending
14.95
Amount Received
53,254.08
Transfer Speed
Network Coverage
Firm
Western Union
Product
Fee
12.00
Exchange Rate Margin (%)
3.74
3.74
Total Cost Percent (%)
12.3112.31
Total Cost (EUR)sort descendingTotal Cost (USD)sort descending
17.23
Amount Received
52,310.69
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. ·
ABN AMRO Bank
Product
Fee
5.50
Exchange Rate Margin (%)
0.00
0.00
Total Cost Percent (%)
3.933.93
Total Cost (EUR)sort descendingTotal Cost (USD)sort descending
5.50
Amount Received
134.50
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. ·
ING Bank/Postbank
Product
Fee
6.00
Exchange Rate Margin (%)
0.00
0.00
Total Cost Percent (%)
4.294.29
Total Cost (EUR)sort descendingTotal Cost (USD)sort descending
6.01
Amount Received
134.00
Transfer Speed
Network Coverage
Bank Average
Fee
5.750.00
Exchange Rate Margin (%)
0.000.00
Total Cost Percent (%)
4.114.11
Total Cost (EUR) Total Cost (USD)
5.760.00
Total Average Jun 2018
8.098.09
Total Average Mar 2018
7.247.24
Money Transfer Operator Average
Fee
8.630.00
Exchange Rate Margin (%)
3.753.75
Total Cost Percent (%)
9.919.91
Total Cost (EUR) Total Cost (USD)
13.880.00
Money Transfer Operator / Post office Average
Fee
8.000.00
Exchange Rate Margin (%)
4.974.97
Total Cost Percent (%)
10.6810.68
Total Cost (EUR) Total Cost (USD)
14.950.00
Bank / Money Transfer Operator Average
Fee
5.990.00
Exchange Rate Margin (%)
3.703.70
Total Cost Percent (%)
7.987.98
Total Cost (EUR) Total Cost (USD)
11.170.00
Total Average
Fee
7.340.00
Exchange Rate Margin (%)
2.842.84
Total Cost Percent (%)
8.098.09
Total Cost (EUR) Total Cost (USD)
11.320.00
Total Average in Mar 2018
Fee
6.330.00
Exchange Rate Margin (%)
2.722.72
Total Cost Percent (%)
7.247.24
Total Cost (EUR) Total Cost (USD)
10.140.00
Total Average Jun 2018
8.098.09
Total Average Mar 2018
7.247.24
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
Western Union
Product
Fee
6.90
Exchange Rate Margin (%)
3.74
3.74
Total Cost Percent (%)
5.745.74
Total Cost (EUR)sort descendingTotal Cost (USD)sort descending
19.80
Amount Received
138,173.80
Transfer Speed
Network Coverage
Firm
WorldRemit
Product
Fee
12.99
Exchange Rate Margin (%)
3.70
3.70
Total Cost Percent (%)
7.477.47
Total Cost (EUR)sort descendingTotal Cost (USD)sort descending
25.77
Amount Received
135,735.65
Transfer Speed
Network Coverage
Firm
MoneyTrans
Product
Fee
10.00
Exchange Rate Margin (%)
4.97
4.97
Total Cost Percent (%)
7.877.87
Total Cost (EUR)sort descendingTotal Cost (USD)sort descending
27.15
Amount Received
135,152.40
Transfer Speed
Network Coverage
Firm
MoneyGram
Product
Fee
15.00
Exchange Rate Margin (%)
3.76
3.76
Total Cost Percent (%)
8.118.11
Total Cost (EUR)sort descendingTotal Cost (USD)sort descending
27.98
Amount Received
134,831.47
Transfer Speed
Network Coverage
Firm
Western Union
Product
Fee
17.00
Exchange Rate Margin (%)
3.74
3.74
Total Cost Percent (%)
8.668.66
Total Cost (EUR)sort descendingTotal Cost (USD)sort descending
29.88
Amount Received
134,046.15
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. ·
ABN AMRO Bank
Product
Fee
5.50
Exchange Rate Margin (%)
0.00
0.00
Total Cost Percent (%)
1.591.59
Total Cost (EUR)sort descendingTotal Cost (USD)sort descending
5.49
Amount Received
339.50
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. ·
ING Bank/Postbank
Product
Fee
6.00
Exchange Rate Margin (%)
0.00
0.00
Total Cost Percent (%)
1.741.74
Total Cost (EUR)sort descendingTotal Cost (USD)sort descending
6.00
Amount Received
339.00
Transfer Speed
Network Coverage
Bank Average
Fee
5.750.00
Exchange Rate Margin (%)
0.000.00
Total Cost Percent (%)
1.671.67
Total Cost (EUR) Total Cost (USD)
5.750.00
Total Average Jun 2018
5.885.88
Total Average Mar 2018
5.345.34
Money Transfer Operator Average
Fee
12.970.00
Exchange Rate Margin (%)
3.753.75
Total Cost Percent (%)
7.507.50
Total Cost (EUR) Total Cost (USD)
25.890.00
Money Transfer Operator / Post office Average
Fee
10.000.00
Exchange Rate Margin (%)
4.974.97
Total Cost Percent (%)
7.877.87
Total Cost (EUR) Total Cost (USD)
27.150.00
Bank / Money Transfer Operator Average
Fee
12.990.00
Exchange Rate Margin (%)
3.703.70
Total Cost Percent (%)
7.477.47
Total Cost (EUR) Total Cost (USD)
25.770.00
Total Average
Fee
10.480.00
Exchange Rate Margin (%)
2.842.84
Total Cost Percent (%)
5.885.88
Total Cost (EUR) Total Cost (USD)
20.300.00
Total Average in Mar 2018
Fee
9.040.00
Exchange Rate Margin (%)
2.722.72
Total Cost Percent (%)
5.345.34
Total Cost (EUR) Total Cost (USD)
18.440.00
Total Average Jun 2018
5.885.88
Total Average Mar 2018
5.345.34
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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