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.

How much does it cost to remit?

FromTo
Find out by selecting sending and receiving countries below:
Collection period for Third quarter 2009 | First quarter 2009 | 2008 
See prices in CAD | USD 
See prices in CAD | USD 
See prices in CAD | USD 
216540
 Total cost 
Firm nameFirm typeFee
(CAD)
Exchange rate
margin (%)
Percent (%)CAD Transfer speedNetwork Coverage

Date

iKoboMTO11.500.005.3211.49 Less than one hourNationwideAug 28, 2005
SenviaMTO9.002.676.8414.77 Less than one hourNationwideAug 26, 2009
MoneyGramMTO15.001.268.2117.73 Less than one hourNationwideAug 26, 2009
ScotiaBankBank11.163.128.2817.88 Less than one hourNationwideAug 26, 2009
JNBSMTO12.003.929.4820.48 Less than one hourNationwideAug 26, 2009
VMBSMTO/Building Society7.006.629.8621.30 Less than one hourNationwideAug 26, 2009
Western UnionMTO16.993.1210.9823.72 Less than one hourNationwideAug 26, 2009
ScotiaBankBank12.505.6811.4624.75 3-5 daysNationwideAug 26, 2009
Western UnionMTO20.003.1212.3826.74 Less than one hourNationwideAug 26, 2009
Toronto Dominion BankBank30.000.0013.8930.00 3-5 daysNationwideAug 26, 2009
Royal Bank of CanadaBank13.5015.3221.5746.59 3-5 daysNationwideAug 26, 2009
Royal Bank of CanadaBank15.0015.3222.2648.08 3-5 daysNationwideAug 26, 2009
Bank Average 16.437.8915.4933.46
MTO Average 14.082.358.8719.16
MTO/Building Society Average 7.006.629.8621.30
Total Average 14.475.0111.7125.29
Total Average in First Quarter 2009 16.695.6814.0230.28
200500
 Total cost 
Firm nameFirm typeFee
(USD)
Exchange rate
margin (%)
Percent (%)USD Transfer speedNetwork Coverage

Date

iKoboMTO11.500.005.3210.64 Less than one hourNationwideAug 28, 2005
SenviaMTO8.332.676.8413.68 Less than one hourNationwideAug 26, 2009
MoneyGramMTO13.891.268.2116.42 Less than one hourNationwideAug 26, 2009
ScotiaBankBank10.333.128.2816.56 Less than one hourNationwideAug 26, 2009
JNBSMTO11.113.929.4818.96 Less than one hourNationwideAug 26, 2009
VMBSMTO/Building Society6.486.629.8619.72 Less than one hourNationwideAug 26, 2009
Western UnionMTO15.733.1210.9821.96 Less than one hourNationwideAug 26, 2009
ScotiaBankBank11.575.6811.4622.92 3-5 daysNationwideAug 26, 2009
Western UnionMTO18.523.1212.3824.76 Less than one hourNationwideAug 26, 2009
Toronto Dominion BankBank27.780.0013.8927.78 3-5 daysNationwideAug 26, 2009
Royal Bank of CanadaBank12.5015.3221.5743.14 3-5 daysNationwideAug 26, 2009
Royal Bank of CanadaBank13.8915.3222.2644.52 3-5 daysNationwideAug 26, 2009
Bank Average 15.217.8915.4930.98
MTO Average 13.182.358.8717.74
MTO/Building Society Average 6.486.629.8619.72
Total Average 13.475.0111.7123.42
Total Average in First Quarter 2009 16.695.6814.0228.04
200500
 Total cost 
Firm nameFirm typeFee
(CAD)
Exchange rate
margin (%)
Percent (%)CAD Transfer speedNetwork Coverage

Date

ScotiaBankBank12.50-1.364.899.78 3-5 daysNationwideFeb 12, 2009
SenviaMTO10.001.556.5513.10 Same dayNationwideFeb 12, 2009
JNBSMTO9.003.968.4616.92 Less than one hourNationwideFeb 12, 2009
MoneyGramMTO15.001.559.0518.10 Less than one hourNationwideFeb 12, 2009
VMBSMTO/Building Society7.005.809.3018.60 Less than one hourNationwideFeb 12, 2009
Western UnionMTO14.993.6911.1922.38 Less than one hourNationwideFeb 12, 2009
Toronto Dominion BankBank30.004.9219.9239.84 3-5 daysNationwideFeb 12, 2009
Royal Bank of CanadaBank35.0025.3142.8185.62 3-5 daysNationwideFeb 12, 2009
Bank Average 25.839.6222.5445.08
MTO Average 12.252.698.8117.62
MTO/Building Society Average 7.005.809.3018.60
Total Average 16.695.6814.0228.04
Total Average in 2008 16.815.7014.1128.22
200500
 Total cost 
Firm nameFirm typeFee
(USD)
Exchange rate
margin (%)
Percent (%)USD Transfer speedNetwork Coverage

Date

ScotiaBankBank12.50-1.364.899.78 3-5 daysNationwideFeb 12, 2009
SenviaMTO10.001.556.5513.10 Same dayNationwideFeb 12, 2009
JNBSMTO9.003.968.4616.92 Less than one hourNationwideFeb 12, 2009
MoneyGramMTO15.001.559.0518.10 Less than one hourNationwideFeb 12, 2009
VMBSMTO/Building Society7.005.809.3018.60 Less than one hourNationwideFeb 12, 2009
Western UnionMTO14.993.6911.1922.38 Less than one hourNationwideFeb 12, 2009
Toronto Dominion BankBank30.004.9219.9239.84 3-5 daysNationwideFeb 12, 2009
Royal Bank of CanadaBank35.0025.3142.8185.62 3-5 daysNationwideFeb 12, 2009
Bank Average 25.839.6222.5445.08
MTO Average 12.252.698.8117.62
MTO/Building Society Average 7.005.809.3018.60
Total Average 16.695.6814.0228.04
Total Average in 2008 16.815.7014.1128.22
200500
 Total cost 
Firm nameFirm typeFee
(CAD)
Exchange rate
margin (%)
Percent (%)CAD Transfer speedNetwork Coverage

Date

SenviaMTO7.002.015.5111.02 Same day-May 20, 2008
VMBSMTO/Building Society7.002.225.7211.44 Instant-May 20, 2008
JNBSMTO9.001.876.3712.74 15 mins-May 20, 2008
MoneyGramMTO15.002.6610.1620.32 Instant-May 20, 2008
Toronto Dominion BankBank7.0010.3913.8927.78 3-5 days- electronic-May 20, 2008
Western UnionMTO27.001.4714.9729.94 Instant-May 20, 2008
ScotiaBankBank20.505.0815.3330.66 3-5 days- electronic-May 20, 2008
Royal Bank of CanadaBank42.0019.9140.9181.82 3-5 days- electronic-May 20, 2008
Bank Average 23.1711.7923.3846.76
MTO Average 14.502.009.2518.50
MTO/Building Society Average 7.002.225.7211.44
Total Average 16.815.7014.1128.22
First Quarter 2009  16.695.6814.0228.04
200500
 Total cost 
Firm nameFirm typeFee
(USD)
Exchange rate
margin (%)
Percent (%)USD Transfer speedNetwork Coverage

Date

SenviaMTO7.002.015.5111.02 Same day-May 20, 2008
VMBSMTO/Building Society7.002.225.7211.44 Instant-May 20, 2008
JNBSMTO9.001.876.3712.74 15 mins-May 20, 2008
MoneyGramMTO15.002.6610.1620.32 Instant-May 20, 2008
Toronto Dominion BankBank7.0010.3913.8927.78 3-5 days- electronic-May 20, 2008
Western UnionMTO27.001.4714.9729.94 Instant-May 20, 2008
ScotiaBankBank20.505.0815.3330.66 3-5 days- electronic-May 20, 2008
Royal Bank of CanadaBank42.0019.9140.9181.82 3-5 days- electronic-May 20, 2008
Bank Average 23.1711.7923.3846.76
MTO Average 14.502.009.2518.50
MTO/Building Society Average 7.002.225.7211.44
Total Average 16.815.7014.1128.22
First Quarter 2009  16.695.6814.0228.04