You can then use this as a benchmark for comparing the rates of other money transfer providers. It’s best to compare the displayed rate on Ria money transfers with the current interbank rate to calculate the size of the margin charged. From our research, the markup was anywhere from 0.25% to 3.5% on top of the mid-market rate. However, it does still add a margin to the mid-market rate, and these will vary depending on which country you are sending to. Unlike many competitors, Ria offers the same exchange rate no matter how much you send. You can then compare these against those of other money transfer providers.Ĭompare money transfer fees now How much are Ria’s exchange rates? Once you have created an account with Ria, you will be able to see what fees your transfer will incur when you input your transfer details on its Send money page. Typically, the cheapest option is to send money via bank transfer, while the most expensive option (in some cases doubling the fee) is paying with a credit card for delivery as a cash pickup. To send cash, fees are generally higher, while receiving money to a bank account can be less expensive. Paying by bank is typically the cheapest option, while paying by credit card tends to come with the highest fees. Different fees are charged based on how much you’re sending. Fees depend on where you’re sending from and where you’re sending to. But for online transfers, fees depend on: Ria’s fees vary between online and agent locations. Exchange rates with Ria vary depending on the country you’re sending to – anywhere from 0.25% to 3.5% on top of the mid-market rate. Unlike some of its competitors, Ria does not offer forward contracts, limit orders or any of the other tools you’ll find to lock in strong rates on future transfers. Keep in mind that Ria money transfer agent locations can set their own limits, transfer destinations and fee schedule. Fees vary depending on your transaction, but credit cards typically attract the highest fees. Online transfers are limited to $2,999.99 daily or $7,999 every 30 days – lower than many digital competitors.
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