Remittance Prices Worldwide

MAKING MARKETS MORE TRANSPARENT

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Sending money from CANADA to JAMAICA

Data collected on: Feb 20, 2024-Feb 23, 2024
CAD | USD
Payment instrument
Access point
Sending network coverage
Transfer speed
<em>Transfer Speed</em> has been standardized in six broad categories.
Receiving method
Exchange rate margin (%)
The exchange rate margin is the cost resulting from the fact that the firm applies a rate that is different from the market reference rate. The margin is the percentage difference between the market reference rate and the exchange rate actually applied to the transaction.
Total cost (%)
The total cost of sending a remittance transfer includes: the fee charged to the sender plus the exchange rate margin.
Total cost (CAD)Total cost (USD)
The total cost of sending a remittance transfer includes: the fee charged to the sender plus the exchange rate margin.
Royal Bank of Canada
Firm type: Bank
Payment instrument
Access point
Internet
Sending network coverage
High
Receiving method
High
6.006.00
2.10
Percentage difference between market reference rate 0.74 and exchange rate charged 0.72
2.10
5.105.10
10.2010.20
Ria
Firm type: Money Transfer Operator
Payment instrument
Access point
Agent
Sending network coverage
Medium
Receiving method
Agent
High
8.508.50
0.27
Percentage difference between market reference rate 115.91 and exchange rate charged 115.60
0.27
4.524.52
9.049.04
MoneyGram
Firm type: Money Transfer Operator
Payment instrument
Access point
Agent
Sending network coverage
High
Receiving method
High
7.007.00
4.48
Percentage difference between market reference rate 115.84 and exchange rate charged 110.65
4.48
7.987.98
15.9615.96
Western Union
Firm type: Money Transfer Operator
Payment instrument
Access point
Agent
Sending network coverage
High
Receiving method
Agent
High
10.5010.50
2.62
Percentage difference between market reference rate 116.25 and exchange rate charged 113.21
2.62
7.877.87
15.7415.74
ScotiaBank
Firm type: Bank
Payment instrument
Access point
Internet
Sending network coverage
High
Receiving method
High
7.007.00
5.81
Percentage difference between market reference rate 115.91 and exchange rate charged 109.18
5.81
9.319.31
18.6218.62
JN Money
Firm type: Bank
Payment instrument
Access point
Internet
Sending network coverage
High
Receiving method
Medium
0.000.00
2.02
Percentage difference between market reference rate 115.84 and exchange rate charged 113.50
2.02
2.022.02
4.044.04
Western Union
Firm type: Money Transfer Operator
Payment instrument
Access point
Internet
Sending network coverage
High
Receiving method
High
10.9910.99
2.12
Percentage difference between market reference rate 115.92 and exchange rate charged 113.46
2.12
7.627.62
15.2415.24
Western Union
Firm type: Money Transfer Operator
Payment instrument
Access point
Internet
Sending network coverage
High
Receiving method
High
4.994.99
2.12
Percentage difference between market reference rate 115.92 and exchange rate charged 113.46
2.12
4.624.62
9.249.24
MoneyGram
Firm type: Money Transfer Operator
Payment instrument
Access point
Internet
Sending network coverage
High
Receiving method
High
4.994.99
1.73
Percentage difference between market reference rate 115.84 and exchange rate charged 113.84
1.73
4.234.23
8.468.46
MoneyGram
Firm type: Money Transfer Operator
Payment instrument
Access point
Internet
Sending network coverage
High
Receiving method
High
4.994.99
1.73
Percentage difference between market reference rate 115.84 and exchange rate charged 113.84
1.73
4.234.23
8.468.46
Western Union
Firm type: Money Transfer Operator
Payment instrument
Access point
Agent
Sending network coverage
High
Receiving method
High
7.007.00
6.01
Percentage difference between market reference rate 115.92 and exchange rate charged 108.95
6.01
9.519.51
19.0219.02
Xoom
Firm type: Money Transfer Operator
Payment instrument
Access point
Internet
Sending network coverage
High
Receiving method
High
4.994.99
2.75
Percentage difference between market reference rate 116.01 and exchange rate charged 112.83
2.75
5.255.25
10.5010.50
Xoom
Firm type: Money Transfer Operator
Payment instrument
Access point
Internet
Sending network coverage
High
Receiving method
High
4.294.29
2.75
Percentage difference between market reference rate 116.01 and exchange rate charged 112.83
2.75
4.904.90
9.809.80
Xoom
Firm type: Money Transfer Operator
Payment instrument
Access point
Internet
Sending network coverage
High
Receiving method
High
4.294.29
2.75
Percentage difference between market reference rate 116.01 and exchange rate charged 112.83
2.75
4.904.90
9.809.80
Ria
Firm type: Money Transfer Operator
Payment instrument
Access point
Internet
Sending network coverage
Medium
Receiving method
High
10.0010.00
0.26
Percentage difference between market reference rate 116.04 and exchange rate charged 115.74
0.26
5.265.26
10.5210.52
Ria
Firm type: Money Transfer Operator
Payment instrument
Access point
Internet
Sending network coverage
Medium
Receiving method
High
7.007.00
0.26
Percentage difference between market reference rate 116.04 and exchange rate charged 115.74
0.26
3.763.76
7.527.52
Total Average First Quarter
5.695.69
Total Average Fourth Quarter 2023
5.905.90
Total Average
Fee
6.416.41
Exchange Rate Margin (%)
2.492.49
Total Cost Percent (%)
5.695.69
Total Cost (CAD) Total Cost (USD)
11.3911.39
Non-Transparent records
Bank account transfer Credit Card Debit card Cash
Less than one hour Same day Next day 2 days
Bank account Cash
Payment instrument
Access point
Sending network coverage
Receiving method
Ria
Firm type: Money Transfer Operator
Payment instrument
Access point
Internet
Sending network coverage
Medium
Receiving method
High
15.0015.00
0.26
Percentage difference between market reference rate 116.04 and exchange rate charged 115.74
0.26
3.263.26
16.3016.30
Ria
Firm type: Money Transfer Operator
Payment instrument
Access point
Internet
Sending network coverage
Medium
Receiving method
High
12.0012.00
0.26
Percentage difference between market reference rate 116.04 and exchange rate charged 115.74
0.26
2.662.66
13.3013.30
Ria
Firm type: Money Transfer Operator
Payment instrument
Access point
Agent
Sending network coverage
Medium
Receiving method
Agent
High
10.0010.00
0.27
Percentage difference between market reference rate 115.91 and exchange rate charged 115.60
0.27
2.272.27
11.3511.35
MoneyGram
Firm type: Money Transfer Operator
Payment instrument
Access point
Internet
Sending network coverage
High
Receiving method
High
4.994.99
1.73
Percentage difference between market reference rate 115.84 and exchange rate charged 113.84
1.73
2.732.73
13.6513.65
MoneyGram
Firm type: Money Transfer Operator
Payment instrument
Access point
Internet
Sending network coverage
High
Receiving method
High
4.994.99
1.73
Percentage difference between market reference rate 115.84 and exchange rate charged 113.84
1.73
2.732.73
13.6513.65
JN Money
Firm type: Bank
Payment instrument
Access point
Internet
Sending network coverage
High
Receiving method
Medium
0.000.00
2.02
Percentage difference between market reference rate 115.84 and exchange rate charged 113.50
2.02
2.022.02
10.1010.10
Royal Bank of Canada
Firm type: Bank
Payment instrument
Access point
Internet
Sending network coverage
High
Receiving method
High
6.006.00
2.10
Percentage difference between market reference rate 0.74 and exchange rate charged 0.72
2.10
3.303.30
16.5016.50
Western Union
Firm type: Money Transfer Operator
Payment instrument
Access point
Internet
Sending network coverage
High
Receiving method
High
20.3820.38
2.12
Percentage difference between market reference rate 115.92 and exchange rate charged 113.46
2.12
6.206.20
31.0031.00
Western Union
Firm type: Money Transfer Operator
Payment instrument
Access point
Internet
Sending network coverage
High
Receiving method
High
6.996.99
2.12
Percentage difference between market reference rate 115.92 and exchange rate charged 113.46
2.12
3.523.52
17.6017.60
Western Union
Firm type: Money Transfer Operator
Payment instrument
Access point
Agent
Sending network coverage
High
Receiving method
Agent
High
10.5010.50
2.62
Percentage difference between market reference rate 116.25 and exchange rate charged 113.21
2.62
4.724.72
23.6023.60
Xoom
Firm type: Money Transfer Operator
Payment instrument
Access point
Internet
Sending network coverage
High
Receiving method
High
4.994.99
2.75
Percentage difference between market reference rate 116.01 and exchange rate charged 112.83
2.75
3.753.75
18.7518.75
Xoom
Firm type: Money Transfer Operator
Payment instrument
Access point
Internet
Sending network coverage
High
Receiving method
High
9.679.67
2.75
Percentage difference between market reference rate 116.01 and exchange rate charged 112.83
2.75
4.684.68
23.4023.40
Xoom
Firm type: Money Transfer Operator
Payment instrument
Access point
Internet
Sending network coverage
High
Receiving method
High
9.679.67
2.75
Percentage difference between market reference rate 116.01 and exchange rate charged 112.83
2.75
4.684.68
23.4023.40
MoneyGram
Firm type: Money Transfer Operator
Payment instrument
Access point
Agent
Sending network coverage
High
Receiving method
High
9.009.00
4.48
Percentage difference between market reference rate 115.84 and exchange rate charged 110.65
4.48
6.286.28
31.4031.40
ScotiaBank
Firm type: Bank
Payment instrument
Access point
Internet
Sending network coverage
High
Receiving method
High
10.0010.00
5.81
Percentage difference between market reference rate 115.91 and exchange rate charged 109.18
5.81
7.817.81
39.0539.05
Western Union
Firm type: Money Transfer Operator
Payment instrument
Access point
Agent
Sending network coverage
High
Receiving method
High
7.007.00
6.01
Percentage difference between market reference rate 115.92 and exchange rate charged 108.95
6.01
7.417.41
37.0537.05
Total Average First Quarter
4.254.25
Total Average Fourth Quarter 2023
4.474.47
Total Average
Fee
8.828.82
Exchange Rate Margin (%)
2.492.49
Total Cost Percent (%)
4.254.25
Total Cost (CAD) Total Cost (USD)
21.2621.26
Non-Transparent records
Bank account transfer Credit Card Debit card Cash
Less than one hour Same day Next day 2 days
Bank account Cash