World Bank Remittance Prices Worldwide: Who Qualifies and What You Get
Use this tool to compare global money transfer fees and ensure more of your money reaches your family back home.
This is a global comparison tool designed to help people find the most affordable ways to send money across borders.
Who it's for
This tool is intended for migrant workers who are sending money home to their families in other countries. It is specifically useful for those who need to ensure that as much of their hard-earned money as possible reaches their loved ones, rather than being lost to high service costs.
What you get
You get access to a comprehensive comparison tool that allows you to see how different money transfer services charge for their work. By using this resource, you can identify which providers offer the lowest fees for your specific transfer needs. This helps you make an informed choice so you can find the most reliable and cost-effective global platforms for your money transfers.
What it costs you
Using this comparison tool is entirely free. There are no fees required to access the data or to use the search functions provided by the tool.
The catch to know
The most important thing to remember is that the data provided is not updated in real-time. Because the tool updates periodically, you must always check the specific date of the information you are viewing. The fees listed might change between update cycles, so verify the data's freshness before you commit to a specific transfer service.
How to apply
- Navigate to the official portal website.
- Use the search tools to select the country you are sending from and the country receiving the funds.
- Review the list of available rates and fees provided in the comparison.
- Compare these figures to find the most economical option for your specific needs.