Remittance Prices Worldwide

MAKING MARKETS MORE TRANSPARENT

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Sending money from CANADA to JAMAICA

Data collected on: Aug 20, 2023-Sep 05, 2023
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.
Xoom
Firm type: Money Transfer Operator
Payment instrument
Access point
Internet
Sending network coverage
High
Receiving method
High
4.994.99
2.92
Percentage difference between market reference rate 113.38 and exchange rate charged 110.07
2.92
5.425.42
10.8410.84
ScotiaBank
Firm type: Bank
Payment instrument
Access point
Internet
Sending network coverage
High
Receiving method
High
7.007.00
5.40
Percentage difference between market reference rate 114.23 and exchange rate charged 108.07
5.40
8.908.90
17.8017.80
Western Union
Firm type: Money Transfer Operator
Payment instrument
Access point
Agent
Sending network coverage
High
Receiving method
Agent
High
10.5010.50
1.63
Percentage difference between market reference rate 113.44 and exchange rate charged 111.60
1.63
6.886.88
13.7613.76
MoneyGram
Firm type: Money Transfer Operator
Payment instrument
Access point
Agent
Sending network coverage
High
Receiving method
High
7.007.00
5.10
Percentage difference between market reference rate 113.53 and exchange rate charged 107.75
5.10
8.608.60
17.2017.20
Ria
Firm type: Money Transfer Operator
Payment instrument
Access point
Agent
Sending network coverage
Medium
Receiving method
Agent
High
8.508.50
0.52
Percentage difference between market reference rate 113.23 and exchange rate charged 112.64
0.52
4.774.77
9.549.54
Royal Bank of Canada
Firm type: Bank
Payment instrument
Access point
Internet
Sending network coverage
High
Receiving method
High
6.006.00
2.18
Percentage difference between market reference rate 0.74 and exchange rate charged 0.72
2.18
5.185.18
10.3610.36
Ria
Firm type: Money Transfer Operator
Payment instrument
Access point
Internet
Sending network coverage
Medium
Receiving method
High
7.007.00
0.52
Percentage difference between market reference rate 113.39 and exchange rate charged 112.80
0.52
4.024.02
8.048.04
Ria
Firm type: Money Transfer Operator
Payment instrument
Access point
Internet
Sending network coverage
Medium
Receiving method
High
10.0010.00
0.52
Percentage difference between market reference rate 113.39 and exchange rate charged 112.80
0.52
5.525.52
11.0411.04
Xoom
Firm type: Money Transfer Operator
Payment instrument
Access point
Internet
Sending network coverage
High
Receiving method
High
4.294.29
2.92
Percentage difference between market reference rate 113.38 and exchange rate charged 110.07
2.92
5.075.07
10.1410.14
Xoom
Firm type: Money Transfer Operator
Payment instrument
Access point
Internet
Sending network coverage
High
Receiving method
High
4.294.29
2.92
Percentage difference between market reference rate 113.38 and exchange rate charged 110.07
2.92
5.075.07
10.1410.14
WorldRemit
Firm type: Money Transfer Operator
Payment instrument
Access point
Internet
Sending network coverage
High
Receiving method
Medium
3.993.99
4.07
Percentage difference between market reference rate 113.51 and exchange rate charged 108.89
4.07
6.076.07
12.1412.14
Western Union
Firm type: Money Transfer Operator
Payment instrument
Access point
Agent
Sending network coverage
High
Receiving method
High
7.007.00
6.16
Percentage difference between market reference rate 113.50 and exchange rate charged 106.51
6.16
9.669.66
19.3219.32
MoneyGram
Firm type: Money Transfer Operator
Payment instrument
Access point
Internet
Sending network coverage
High
Receiving method
High
4.994.99
2.46
Percentage difference between market reference rate 113.53 and exchange rate charged 110.74
2.46
4.964.96
9.929.92
MoneyGram
Firm type: Money Transfer Operator
Payment instrument
Access point
Internet
Sending network coverage
High
Receiving method
High
4.994.99
2.46
Percentage difference between market reference rate 113.53 and exchange rate charged 110.74
2.46
4.964.96
9.929.92
Western Union
Firm type: Money Transfer Operator
Payment instrument
Access point
Internet
Sending network coverage
High
Receiving method
High
0.000.00
2.28
Percentage difference between market reference rate 113.50 and exchange rate charged 110.91
2.28
2.282.28
4.564.56
Western Union
Firm type: Money Transfer Operator
Payment instrument
Access point
Internet
Sending network coverage
High
Receiving method
High
0.000.00
2.28
Percentage difference between market reference rate 113.50 and exchange rate charged 110.91
2.28
2.282.28
4.564.56
JN Money
Firm type: Bank
Payment instrument
Access point
Internet
Sending network coverage
High
Receiving method
Medium
3.253.25
1.67
Percentage difference between market reference rate 114.31 and exchange rate charged 112.40
1.67
3.303.30
6.606.60
WorldRemit
Firm type: Money Transfer Operator
Payment instrument
Access point
Internet
Sending network coverage
High
Receiving method
Medium
3.993.99
4.07
Percentage difference between market reference rate 113.51 and exchange rate charged 108.89
4.07
6.076.07
12.1412.14
WorldRemit
Firm type: Money Transfer Operator
Payment instrument
Access point
Internet
Sending network coverage
High
Receiving method
Medium
3.993.99
4.07
Percentage difference between market reference rate 113.51 and exchange rate charged 108.89
4.07
6.076.07
12.1412.14
Total Average Third Quarter 2023
5.535.53
Total Average Second Quarter 2023
6.676.67
Total Average
Fee
5.365.36
Exchange Rate Margin (%)
2.852.85
Total Cost Percent (%)
5.535.53
Total Cost (CAD) Total Cost (USD)
11.0611.06
Non-Transparent records
Bank account transfer Credit Card Debit card Cash
Less than one hour Same day 2 days
Bank account Cash
Payment instrument
Access point
Sending network coverage
Receiving method
Xoom
Firm type: Money Transfer Operator
Payment instrument
Access point
Internet
Sending network coverage
High
Receiving method
High
4.994.99
2.92
Percentage difference between market reference rate 113.38 and exchange rate charged 110.07
2.92
3.923.92
19.6019.60
ScotiaBank
Firm type: Bank
Payment instrument
Access point
Internet
Sending network coverage
High
Receiving method
High
10.0010.00
5.40
Percentage difference between market reference rate 114.23 and exchange rate charged 108.07
5.40
7.407.40
37.0037.00
Western Union
Firm type: Money Transfer Operator
Payment instrument
Access point
Agent
Sending network coverage
High
Receiving method
Agent
High
10.5010.50
1.63
Percentage difference between market reference rate 113.44 and exchange rate charged 111.60
1.63
3.733.73
18.6518.65
MoneyGram
Firm type: Money Transfer Operator
Payment instrument
Access point
Agent
Sending network coverage
High
Receiving method
High
9.009.00
5.10
Percentage difference between market reference rate 113.53 and exchange rate charged 107.75
5.10
6.906.90
34.5034.50
Ria
Firm type: Money Transfer Operator
Payment instrument
Access point
Agent
Sending network coverage
Medium
Receiving method
Agent
High
10.0010.00
0.52
Percentage difference between market reference rate 113.23 and exchange rate charged 112.64
0.52
2.522.52
12.6012.60
Royal Bank of Canada
Firm type: Bank
Payment instrument
Access point
Internet
Sending network coverage
High
Receiving method
High
6.006.00
2.18
Percentage difference between market reference rate 0.74 and exchange rate charged 0.72
2.18
3.383.38
16.9016.90
Ria
Firm type: Money Transfer Operator
Payment instrument
Access point
Internet
Sending network coverage
Medium
Receiving method
High
12.0012.00
0.52
Percentage difference between market reference rate 113.39 and exchange rate charged 112.80
0.52
2.922.92
14.6014.60
Ria
Firm type: Money Transfer Operator
Payment instrument
Access point
Internet
Sending network coverage
Medium
Receiving method
High
15.0015.00
0.52
Percentage difference between market reference rate 113.39 and exchange rate charged 112.80
0.52
3.523.52
17.6017.60
Xoom
Firm type: Money Transfer Operator
Payment instrument
Access point
Internet
Sending network coverage
High
Receiving method
High
9.679.67
2.92
Percentage difference between market reference rate 113.38 and exchange rate charged 110.07
2.92
4.854.85
24.2524.25
Xoom
Firm type: Money Transfer Operator
Payment instrument
Access point
Internet
Sending network coverage
High
Receiving method
High
9.679.67
2.92
Percentage difference between market reference rate 113.38 and exchange rate charged 110.07
2.92
4.854.85
24.2524.25
WorldRemit
Firm type: Money Transfer Operator
Payment instrument
Access point
Internet
Sending network coverage
High
Receiving method
Medium
3.993.99
4.07
Percentage difference between market reference rate 113.51 and exchange rate charged 108.89
4.07
4.874.87
24.3524.35
Western Union
Firm type: Money Transfer Operator
Payment instrument
Access point
Agent
Sending network coverage
High
Receiving method
High
7.007.00
6.16
Percentage difference between market reference rate 113.50 and exchange rate charged 106.51
6.16
7.567.56
37.8037.80
MoneyGram
Firm type: Money Transfer Operator
Payment instrument
Access point
Internet
Sending network coverage
High
Receiving method
High
4.994.99
2.46
Percentage difference between market reference rate 113.53 and exchange rate charged 110.74
2.46
3.463.46
17.3017.30
MoneyGram
Firm type: Money Transfer Operator
Payment instrument
Access point
Internet
Sending network coverage
High
Receiving method
High
4.994.99
2.46
Percentage difference between market reference rate 113.53 and exchange rate charged 110.74
2.46
3.463.46
17.3017.30
Western Union
Firm type: Money Transfer Operator
Payment instrument
Access point
Internet
Sending network coverage
High
Receiving method
High
0.000.00
2.28
Percentage difference between market reference rate 113.50 and exchange rate charged 110.91
2.28
2.282.28
11.4011.40
Western Union
Firm type: Money Transfer Operator
Payment instrument
Access point
Internet
Sending network coverage
High
Receiving method
High
0.000.00
2.28
Percentage difference between market reference rate 113.50 and exchange rate charged 110.91
2.28
2.282.28
11.4011.40
JN Money
Firm type: Bank
Payment instrument
Access point
Internet
Sending network coverage
High
Receiving method
Medium
6.506.50
1.67
Percentage difference between market reference rate 114.31 and exchange rate charged 112.40
1.67
2.972.97
14.8514.85
WorldRemit
Firm type: Money Transfer Operator
Payment instrument
Access point
Internet
Sending network coverage
High
Receiving method
Medium
3.993.99
4.07
Percentage difference between market reference rate 113.51 and exchange rate charged 108.89
4.07
4.874.87
24.3524.35
WorldRemit
Firm type: Money Transfer Operator
Payment instrument
Access point
Internet
Sending network coverage
High
Receiving method
Medium
3.993.99
4.07
Percentage difference between market reference rate 113.51 and exchange rate charged 108.89
4.07
4.874.87
24.3524.35
Total Average Third Quarter 2023
4.244.24
Total Average Second Quarter 2023
5.325.32
Total Average
Fee
6.966.96
Exchange Rate Margin (%)
2.852.85
Total Cost Percent (%)
4.244.24
Total Cost (CAD) Total Cost (USD)
21.2121.21
Non-Transparent records
Bank account transfer Credit Card Debit card Cash
Less than one hour Same day 2 days
Bank account Cash