Remitting from Canada to Jamaica

The following table shows how much it costs to remit money from Canada To Jamaica. Click on column headings to sort the data.

Note: Corridor averages are unweighted and do not reflect the market shares of the different firms that compose the average. For comparability purposes, the two initial USD reference amounts of $200 and $500 were kept. In the third quarter of 2009, the amounts in local currency were adjusted in order to reflect foreign exchange fluctuations.

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Collection period for Third quarter 2009 | First quarter 2009 | 2008

See prices in CAD | USD

216540

				Total cost
Firm name	Firm type	Fee (CAD)	Exchange rate margin (%)	Percent (%)	CAD	Transfer speed	Network Coverage	Date
iKobo	MTO	11.50	0.00	5.32	11.49	Less than one hour	Nationwide	Aug 28, 2005
Senvia	MTO	9.00	2.67	6.84	14.77	Less than one hour	Nationwide	Aug 26, 2009
MoneyGram	MTO	15.00	1.26	8.21	17.73	Less than one hour	Nationwide	Aug 26, 2009
ScotiaBank	Bank	11.16	3.12	8.28	17.88	Less than one hour	Nationwide	Aug 26, 2009
JNBS	MTO	12.00	3.92	9.48	20.48	Less than one hour	Nationwide	Aug 26, 2009
VMBS	MTO/Building Society	7.00	6.62	9.86	21.30	Less than one hour	Nationwide	Aug 26, 2009
Western Union	MTO	16.99	3.12	10.98	23.72	Less than one hour	Nationwide	Aug 26, 2009
ScotiaBank	Bank	12.50	5.68	11.46	24.75	3-5 days	Nationwide	Aug 26, 2009
Western Union	MTO	20.00	3.12	12.38	26.74	Less than one hour	Nationwide	Aug 26, 2009
Toronto Dominion Bank	Bank	30.00	0.00	13.89	30.00	3-5 days	Nationwide	Aug 26, 2009
Royal Bank of Canada	Bank	13.50	15.32	21.57	46.59	3-5 days	Nationwide	Aug 26, 2009
Royal Bank of Canada	Bank	15.00	15.32	22.26	48.08	3-5 days	Nationwide	Aug 26, 2009
Bank Average		16.43	7.89	15.49	33.46
MTO Average		14.08	2.35	8.87	19.16
MTO/Building Society Average		7.00	6.62	9.86	21.30
Total Average		14.47	5.01	11.71	25.29
Total Average in First Quarter 2009		16.69	5.68	14.02	30.28

	Total cost
Firm name	Firm type	Fee (CAD)	Exchange rate margin (%)	Percent (%)	CAD	Transfer speed	Network Coverage	Date
iKobo	MTO	21.25	0.00	4.25	22.95	Less than one hour	Nationwide	Aug 28, 2005
Senvia	MTO	10.00	2.67	4.67	25.22	Less than one hour	Nationwide	Aug 26, 2009
ScotiaBank	Bank	14.40	3.12	6.00	32.40	Less than one hour	Nationwide	Aug 26, 2009
Toronto Dominion Bank	Bank	30.00	0.00	6.00	32.40	3-5 days	Nationwide	Aug 26, 2009
MoneyGram	MTO	25.00	1.28	6.28	33.91	Less than one hour	Nationwide	Aug 26, 2009
JNBS	MTO	20.00	2.70	6.70	36.18	Less than one hour	Nationwide	Aug 26, 2009
VMBS	MTO/Building Society	7.00	6.62	8.02	43.31	Less than one hour	Nationwide	Aug 26, 2009
ScotiaBank	Bank	12.50	5.68	8.18	44.17	3-5 days	Nationwide	Aug 26, 2009
Western Union	MTO	33.00	3.12	9.72	52.49	Less than one hour	Nationwide	Aug 26, 2009
Western Union	MTO	35.00	3.12	10.12	54.65	Less than one hour	Nationwide	Aug 26, 2009
Royal Bank of Canada	Bank	13.50	15.32	18.02	97.31	3-5 days	Nationwide	Aug 26, 2009
Royal Bank of Canada	Bank	15.00	15.32	18.32	98.93	3-5 days	Nationwide	Aug 26, 2009
Bank Average		17.08	7.89	11.30	61.02
MTO Average		24.04	2.15	6.96	37.58
MTO/Building Society Average		7.00	6.62	8.02	43.31
Total Average		19.72	4.91	8.85	47.79
Total Average in First Quarter 2009		19.94	5.68	9.66	52.16

200500

				Total cost
Firm name	Firm type	Fee (USD)	Exchange rate margin (%)	Percent (%)	USD	Transfer speed	Network Coverage	Date
iKobo	MTO	11.50	0.00	5.32	10.64	Less than one hour	Nationwide	Aug 28, 2005
Senvia	MTO	8.33	2.67	6.84	13.68	Less than one hour	Nationwide	Aug 26, 2009
MoneyGram	MTO	13.89	1.26	8.21	16.42	Less than one hour	Nationwide	Aug 26, 2009
ScotiaBank	Bank	10.33	3.12	8.28	16.56	Less than one hour	Nationwide	Aug 26, 2009
JNBS	MTO	11.11	3.92	9.48	18.96	Less than one hour	Nationwide	Aug 26, 2009
VMBS	MTO/Building Society	6.48	6.62	9.86	19.72	Less than one hour	Nationwide	Aug 26, 2009
Western Union	MTO	15.73	3.12	10.98	21.96	Less than one hour	Nationwide	Aug 26, 2009
ScotiaBank	Bank	11.57	5.68	11.46	22.92	3-5 days	Nationwide	Aug 26, 2009
Western Union	MTO	18.52	3.12	12.38	24.76	Less than one hour	Nationwide	Aug 26, 2009
Toronto Dominion Bank	Bank	27.78	0.00	13.89	27.78	3-5 days	Nationwide	Aug 26, 2009
Royal Bank of Canada	Bank	12.50	15.32	21.57	43.14	3-5 days	Nationwide	Aug 26, 2009
Royal Bank of Canada	Bank	13.89	15.32	22.26	44.52	3-5 days	Nationwide	Aug 26, 2009
Bank Average		15.21	7.89	15.49	30.98
MTO Average		13.18	2.35	8.87	17.74
MTO/Building Society Average		6.48	6.62	9.86	19.72
Total Average		13.47	5.01	11.71	23.42
Total Average in First Quarter 2009		16.69	5.68	14.02	28.04

	Total cost
Firm name	Firm type	Fee (USD)	Exchange rate margin (%)	Percent (%)	USD	Transfer speed	Network Coverage	Date
iKobo	MTO	21.25	0.00	4.25	21.25	Less than one hour	Nationwide	Aug 28, 2005
Senvia	MTO	9.26	2.67	4.67	23.35	Less than one hour	Nationwide	Aug 26, 2009
ScotiaBank	Bank	13.33	3.12	6.00	30.00	Less than one hour	Nationwide	Aug 26, 2009
Toronto Dominion Bank	Bank	27.78	0.00	6.00	30.00	3-5 days	Nationwide	Aug 26, 2009
MoneyGram	MTO	23.15	1.28	6.28	31.40	Less than one hour	Nationwide	Aug 26, 2009
JNBS	MTO	18.52	2.70	6.70	33.50	Less than one hour	Nationwide	Aug 26, 2009
VMBS	MTO/Building Society	6.48	6.62	8.02	40.10	Less than one hour	Nationwide	Aug 26, 2009
ScotiaBank	Bank	11.57	5.68	8.18	40.90	3-5 days	Nationwide	Aug 26, 2009
Western Union	MTO	30.56	3.12	9.72	48.60	Less than one hour	Nationwide	Aug 26, 2009
Western Union	MTO	32.41	3.12	10.12	50.60	Less than one hour	Nationwide	Aug 26, 2009
Royal Bank of Canada	Bank	12.50	15.32	18.02	90.10	3-5 days	Nationwide	Aug 26, 2009
Royal Bank of Canada	Bank	13.89	15.32	18.32	91.60	3-5 days	Nationwide	Aug 26, 2009
Bank Average		15.81	7.89	11.30	56.50
MTO Average		22.52	2.15	6.96	34.80
MTO/Building Society Average		6.48	6.62	8.02	40.10
Total Average		18.39	4.91	8.85	44.25
Total Average in First Quarter 2009		19.94	5.68	9.66	48.30

200500

				Total cost
Firm name	Firm type	Fee (CAD)	Exchange rate margin (%)	Percent (%)	CAD	Transfer speed	Network Coverage	Date
ScotiaBank	Bank	12.50	-1.36	4.89	9.78	3-5 days	Nationwide	Feb 12, 2009
Senvia	MTO	10.00	1.55	6.55	13.10	Same day	Nationwide	Feb 12, 2009
JNBS	MTO	9.00	3.96	8.46	16.92	Less than one hour	Nationwide	Feb 12, 2009
MoneyGram	MTO	15.00	1.55	9.05	18.10	Less than one hour	Nationwide	Feb 12, 2009
VMBS	MTO/Building Society	7.00	5.80	9.30	18.60	Less than one hour	Nationwide	Feb 12, 2009
Western Union	MTO	14.99	3.69	11.19	22.38	Less than one hour	Nationwide	Feb 12, 2009
Toronto Dominion Bank	Bank	30.00	4.92	19.92	39.84	3-5 days	Nationwide	Feb 12, 2009
Royal Bank of Canada	Bank	35.00	25.31	42.81	85.62	3-5 days	Nationwide	Feb 12, 2009
Bank Average		25.83	9.62	22.54	45.08
MTO Average		12.25	2.69	8.81	17.62
MTO/Building Society Average		7.00	5.80	9.30	18.60
Total Average		16.69	5.68	14.02	28.04
Total Average in 2008		16.81	5.70	14.11	28.22

	Total cost
Firm name	Firm type	Fee (CAD)	Exchange rate margin (%)	Percent (%)	CAD	Transfer speed	Network Coverage	Date
ScotiaBank	Bank	12.50	-1.36	1.14	5.70	3-5 days	Nationwide	Feb 12, 2009
Senvia	MTO	13.00	1.55	4.15	20.75	Same day	Nationwide	Feb 12, 2009
MoneyGram	MTO	20.00	1.55	5.55	27.75	Less than one hour	Nationwide	Feb 12, 2009
JNBS	MTO	15.00	3.96	6.96	34.80	Less than one hour	Nationwide	Feb 12, 2009
VMBS	MTO/Building Society	7.00	5.80	7.20	36.00	Less than one hour	Nationwide	Feb 12, 2009
Western Union	MTO	26.99	3.69	9.09	45.45	Less than one hour	Nationwide	Feb 12, 2009
Toronto Dominion Bank	Bank	30.00	4.92	10.92	54.60	3-5 days	Nationwide	Feb 12, 2009
Royal Bank of Canada	Bank	35.00	25.31	32.31	161.55	3-5 days	Nationwide	Feb 12, 2009
Bank Average		25.83	9.62	14.79	73.95
MTO Average		18.75	2.69	6.44	32.20
MTO/Building Society Average		7.00	5.80	7.20	36.00
Total Average		19.94	5.68	9.66	48.30
Total Average in 2008		22.12	5.70	10.13	50.65

200500

				Total cost
Firm name	Firm type	Fee (USD)	Exchange rate margin (%)	Percent (%)	USD	Transfer speed	Network Coverage	Date
ScotiaBank	Bank	12.50	-1.36	4.89	9.78	3-5 days	Nationwide	Feb 12, 2009
Senvia	MTO	10.00	1.55	6.55	13.10	Same day	Nationwide	Feb 12, 2009
JNBS	MTO	9.00	3.96	8.46	16.92	Less than one hour	Nationwide	Feb 12, 2009
MoneyGram	MTO	15.00	1.55	9.05	18.10	Less than one hour	Nationwide	Feb 12, 2009
VMBS	MTO/Building Society	7.00	5.80	9.30	18.60	Less than one hour	Nationwide	Feb 12, 2009
Western Union	MTO	14.99	3.69	11.19	22.38	Less than one hour	Nationwide	Feb 12, 2009
Toronto Dominion Bank	Bank	30.00	4.92	19.92	39.84	3-5 days	Nationwide	Feb 12, 2009
Royal Bank of Canada	Bank	35.00	25.31	42.81	85.62	3-5 days	Nationwide	Feb 12, 2009
Bank Average		25.83	9.62	22.54	45.08
MTO Average		12.25	2.69	8.81	17.62
MTO/Building Society Average		7.00	5.80	9.30	18.60
Total Average		16.69	5.68	14.02	28.04
Total Average in 2008		16.81	5.70	14.11	28.22

	Total cost
Firm name	Firm type	Fee (USD)	Exchange rate margin (%)	Percent (%)	USD	Transfer speed	Network Coverage	Date
ScotiaBank	Bank	12.50	-1.36	1.14	5.70	3-5 days	Nationwide	Feb 12, 2009
Senvia	MTO	13.00	1.55	4.15	20.75	Same day	Nationwide	Feb 12, 2009
MoneyGram	MTO	20.00	1.55	5.55	27.75	Less than one hour	Nationwide	Feb 12, 2009
JNBS	MTO	15.00	3.96	6.96	34.80	Less than one hour	Nationwide	Feb 12, 2009
VMBS	MTO/Building Society	7.00	5.80	7.20	36.00	Less than one hour	Nationwide	Feb 12, 2009
Western Union	MTO	26.99	3.69	9.09	45.45	Less than one hour	Nationwide	Feb 12, 2009
Toronto Dominion Bank	Bank	30.00	4.92	10.92	54.60	3-5 days	Nationwide	Feb 12, 2009
Royal Bank of Canada	Bank	35.00	25.31	32.31	161.55	3-5 days	Nationwide	Feb 12, 2009
Bank Average		25.83	9.62	14.79	73.95
MTO Average		18.75	2.69	6.44	32.20
MTO/Building Society Average		7.00	5.80	7.20	36.00
Total Average		19.94	5.68	9.66	48.30
Total Average in 2008		22.12	5.70	10.13	50.65

200500

				Total cost
Firm name	Firm type	Fee (CAD)	Exchange rate margin (%)	Percent (%)	CAD	Transfer speed	Network Coverage	Date
Senvia	MTO	7.00	2.01	5.51	11.02	Same day	-	May 20, 2008
VMBS	MTO/Building Society	7.00	2.22	5.72	11.44	Instant	-	May 20, 2008
JNBS	MTO	9.00	1.87	6.37	12.74	15 mins	-	May 20, 2008
MoneyGram	MTO	15.00	2.66	10.16	20.32	Instant	-	May 20, 2008
Toronto Dominion Bank	Bank	7.00	10.39	13.89	27.78	3-5 days- electronic	-	May 20, 2008
Western Union	MTO	27.00	1.47	14.97	29.94	Instant	-	May 20, 2008
ScotiaBank	Bank	20.50	5.08	15.33	30.66	3-5 days- electronic	-	May 20, 2008
Royal Bank of Canada	Bank	42.00	19.91	40.91	81.82	3-5 days- electronic	-	May 20, 2008
Bank Average		23.17	11.79	23.38	46.76
MTO Average		14.50	2.00	9.25	18.50
MTO/Building Society Average		7.00	2.22	5.72	11.44
Total Average		16.81	5.70	14.11	28.22
First Quarter 2009		16.69	5.68	14.02	28.04

	Total cost
Firm name	Firm type	Fee (CAD)	Exchange rate margin (%)	Percent (%)	CAD	Transfer speed	Network Coverage	Date
VMBS	MTO/Building Society	7.00	2.22	3.62	18.10	Instant	-	May 20, 2008
JNBS	MTO	12.00	1.87	4.27	21.35	15 mins	-	May 20, 2008
Senvia	MTO	17.50	2.01	5.51	27.55	Same day	-	May 20, 2008
MoneyGram	MTO	20.00	2.66	6.66	33.30	Instant	-	May 20, 2008
ScotiaBank	Bank	20.50	5.08	9.18	45.90	3-5 days- electronic	-	May 20, 2008
Western Union	MTO	51.00	1.47	11.67	58.35	Instant	-	May 20, 2008
Toronto Dominion Bank	Bank	7.00	10.39	11.79	58.95	3-5 days- electronic	-	May 20, 2008
Royal Bank of Canada	Bank	42.00	19.91	28.31	141.55	3-5 days- electronic	-	May 20, 2008
Bank Average		23.17	11.79	16.43	82.15
MTO Average		25.12	2.00	7.03	35.15
MTO/Building Society Average		7.00	2.22	3.62	18.10
Total Average		22.12	5.70	10.13	50.65
First Quarter 2009		19.94	5.68	9.66	48.30

200500

				Total cost
Firm name	Firm type	Fee (USD)	Exchange rate margin (%)	Percent (%)	USD	Transfer speed	Network Coverage	Date
Senvia	MTO	7.00	2.01	5.51	11.02	Same day	-	May 20, 2008
VMBS	MTO/Building Society	7.00	2.22	5.72	11.44	Instant	-	May 20, 2008
JNBS	MTO	9.00	1.87	6.37	12.74	15 mins	-	May 20, 2008
MoneyGram	MTO	15.00	2.66	10.16	20.32	Instant	-	May 20, 2008
Toronto Dominion Bank	Bank	7.00	10.39	13.89	27.78	3-5 days- electronic	-	May 20, 2008
Western Union	MTO	27.00	1.47	14.97	29.94	Instant	-	May 20, 2008
ScotiaBank	Bank	20.50	5.08	15.33	30.66	3-5 days- electronic	-	May 20, 2008
Royal Bank of Canada	Bank	42.00	19.91	40.91	81.82	3-5 days- electronic	-	May 20, 2008
Bank Average		23.17	11.79	23.38	46.76
MTO Average		14.50	2.00	9.25	18.50
MTO/Building Society Average		7.00	2.22	5.72	11.44
Total Average		16.81	5.70	14.11	28.22
First Quarter 2009		16.69	5.68	14.02	28.04

	Total cost
Firm name	Firm type	Fee (USD)	Exchange rate margin (%)	Percent (%)	USD	Transfer speed	Network Coverage	Date
VMBS	MTO/Building Society	7.00	2.22	3.62	18.10	Instant	-	May 20, 2008
JNBS	MTO	12.00	1.87	4.27	21.35	15 mins	-	May 20, 2008
Senvia	MTO	17.50	2.01	5.51	27.55	Same day	-	May 20, 2008
MoneyGram	MTO	20.00	2.66	6.66	33.30	Instant	-	May 20, 2008
ScotiaBank	Bank	20.50	5.08	9.18	45.90	3-5 days- electronic	-	May 20, 2008
Western Union	MTO	51.00	1.47	11.67	58.35	Instant	-	May 20, 2008
Toronto Dominion Bank	Bank	7.00	10.39	11.79	58.95	3-5 days- electronic	-	May 20, 2008
Royal Bank of Canada	Bank	42.00	19.91	28.31	141.55	3-5 days- electronic	-	May 20, 2008
Bank Average		23.17	11.79	16.43	82.15
MTO Average		25.12	2.00	7.03	35.15
MTO/Building Society Average		7.00	2.22	3.62	18.10
Total Average		22.12	5.70	10.13	50.65
First Quarter 2009		19.94	5.68	9.66	48.30

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