Sending money to Zambia from United Kingdom
Remitly
£6.42
Every provider, ranked at £120
| Provider | Type | Fee | FX margin | Total cost | % of transfer |
|---|---|---|---|---|---|
| Remitly | Money Transfer Operator | £0.99 | £1.52 | £2.51 | 2.10% |
| Paysend | Money Transfer Operator | £1.00 | £3.13 | £4.13 | 3.44% |
| Western Union | Money Transfer Operator | £2.99 | £1.80 | £4.79 | 3.99% |
| WorldRemit | Money Transfer Operator | £1.99 | £4.69 | £6.68 | 5.57% |
| Ria | Money Transfer Operator | £6.00 | £2.66 | £8.66 | 7.22% |
| MoneyGram | Money Transfer Operator | £4.99 | £3.94 | £8.93 | 7.44% |
How to read these numbers
The cost of a transfer is the fee plus the margin the provider takes on the exchange rate. The margin is invisible at the counter: you are quoted a rate, not the difference between that rate and the interbank one, so a "free" transfer can quietly cost more than one with a fee attached. Both are separated in the table above.
Percentages fall as the amount rises wherever a provider charges a flat fee, which is why the same provider can be the cheapest at one amount and not at another. That is exactly what the calculator is for — the ranking above is computed at your amount, not at a fixed one.
