Remittance Prices Worldwide

MAKING MARKETS MORE TRANSPARENT

From GBUnited Kingdom you can also send money to
Transfer money

Sending money from UNITED KINGDOM to JAMAICA

Data collected on: Feb 22, 2022-Feb 28, 2022
GBP | USD
Firm
Payment instrument
Access point
Sending network coverage
Transfer speed
<em>Transfer Speed</em> has been standardized in six broad categories.
Receiving method
Disbursing network coverage
Fee
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 (GBP)sort descendingTotal cost (USD)sort descending
The total cost of sending a remittance transfer includes: the fee charged to the sender plus the exchange rate margin.
Firm
WorldRemit
Firm type: Money Transfer Operator
 
Payment instrument
Access point
Internet
Sending network coverage
High
Transfer speed
Receiving method
Agent
Disbursing network coverage
High
Fee
2.994.98
Exchange rate margin (%)
3.07
Percentage difference between market reference rate 210.45 and exchange rate charged 203.993.07
Total cost (%)
5.565.56
Total cost (GBP)sort descendingTotal cost (USD)sort descending
6.6711.12
Firm
MoneyGram
Firm type: Money Transfer Operator
 
Payment instrument
Access point
Internet
Sending network coverage
High
Transfer speed
Receiving method
Agent
Disbursing network coverage
High
Fee
3.996.65
Exchange rate margin (%)
2.29
Percentage difference between market reference rate 207.56 and exchange rate charged 202.802.29
Total cost (%)
5.625.62
Total cost (GBP)sort descendingTotal cost (USD)sort descending
6.7411.23
Firm
Remitly
Firm type: Money Transfer Operator
 
Payment instrument
Access point
Internet
Sending network coverage
High
Transfer speed
Receiving method
Disbursing network coverage
High
Fee
3.996.65
Exchange rate margin (%)
2.67
Percentage difference between market reference rate 211.37 and exchange rate charged 205.732.67
Total cost (%)
5.995.99
Total cost (GBP)sort descendingTotal cost (USD)sort descending
7.1911.98
Firm
Remitly
Firm type: Money Transfer Operator
 
Payment instrument
Access point
Internet
Sending network coverage
High
Transfer speed
Receiving method
Disbursing network coverage
Low
Fee
3.996.65
Exchange rate margin (%)
2.69
Percentage difference between market reference rate 211.10 and exchange rate charged 205.422.69
Total cost (%)
6.026.02
Total cost (GBP)sort descendingTotal cost (USD)sort descending
7.2212.03
Firm
JN Money
Firm type: Bank
 
Payment instrument
Access point
Internet
Sending network coverage
High
Transfer speed
Receiving method
Disbursing network coverage
High
Fee
2.504.17
Exchange rate margin (%)
3.97
Percentage difference between market reference rate 211.40 and exchange rate charged 203.003.97
Total cost (%)
6.066.06
Total cost (GBP)sort descendingTotal cost (USD)sort descending
7.2712.12
Firm
JN Money
Firm type: Bank
 
Payment instrument
Access point
Internet
Sending network coverage
High
Transfer speed
Receiving method
Agent
Disbursing network coverage
Medium
Fee
2.504.17
Exchange rate margin (%)
3.99
Percentage difference between market reference rate 211.44 and exchange rate charged 203.003.99
Total cost (%)
6.086.08
Total cost (GBP)sort descendingTotal cost (USD)sort descending
7.3012.17
Firm
Western Union
Firm type: Money Transfer Operator
 
Payment instrument
Access point
Agent
Sending network coverage
High
Transfer speed
Receiving method
Agent
Disbursing network coverage
High
Fee
4.908.17
Exchange rate margin (%)
2.47
Percentage difference between market reference rate 207.80 and exchange rate charged 202.662.47
Total cost (%)
6.566.56
Total cost (GBP)sort descendingTotal cost (USD)sort descending
7.8713.12
Firm
Remitly
Firm type: Money Transfer Operator
 
Payment instrument
Access point
Internet
Sending network coverage
High
Transfer speed
Receiving method
Disbursing network coverage
High
Fee
4.998.32
Exchange rate margin (%)
2.55
Percentage difference between market reference rate 207.67 and exchange rate charged 202.382.55
Total cost (%)
6.716.71
Total cost (GBP)sort descendingTotal cost (USD)sort descending
8.0513.42
Firm
Ria
Firm type: Money Transfer Operator
 
Payment instrument
Access point
Agent
Sending network coverage
High
Transfer speed
Receiving method
Agent
Disbursing network coverage
High
Fee
4.998.32
Exchange rate margin (%)
2.85
Percentage difference between market reference rate 207.70 and exchange rate charged 201.792.85
Total cost (%)
7.017.01
Total cost (GBP)sort descendingTotal cost (USD)sort descending
8.4114.02
Firm
MoneyGram
Firm type: Money Transfer Operator
 
Payment instrument
Access point
Agent
Sending network coverage
High
Transfer speed
Receiving method
Agent
Disbursing network coverage
High
Fee
5.499.15
Exchange rate margin (%)
2.69
Percentage difference between market reference rate 207.56 and exchange rate charged 201.972.69
Total cost (%)
7.277.27
Total cost (GBP)sort descendingTotal cost (USD)sort descending
8.7214.53
Firm
Western Union
Firm type: Money Transfer Operator
 
Payment instrument
Access point
Internet
Sending network coverage
High
Transfer speed
Receiving method
Agent
Disbursing network coverage
High
Fee
4.908.17
Exchange rate margin (%)
4.37
Percentage difference between market reference rate 207.80 and exchange rate charged 198.724.37
Total cost (%)
8.458.45
Total cost (GBP)sort descendingTotal cost (USD)sort descending
10.1416.90
Firm
Small World
Firm type: Money Transfer Operator
 
Payment instrument
Access point
Agent
Sending network coverage
High
Transfer speed
Receiving method
Agent
Disbursing network coverage
High
Fee
8.0013.33
Exchange rate margin (%)
1.80
Percentage difference between market reference rate 207.53 and exchange rate charged 203.801.80
Total cost (%)
8.468.46
Total cost (GBP)sort descendingTotal cost (USD)sort descending
10.1516.92
Firm
Ria
Firm type: Money Transfer Operator
 
Payment instrument
Access point
Internet
Sending network coverage
High
Transfer speed
Receiving method
Agent
Disbursing network coverage
High
Fee
8.0013.33
Exchange rate margin (%)
1.81
Percentage difference between market reference rate 207.63 and exchange rate charged 203.871.81
Total cost (%)
8.488.48
Total cost (GBP)sort descendingTotal cost (USD)sort descending
10.1816.97
Firm
Western Union
Firm type: Money Transfer Operator
 
Payment instrument
Access point
Agent
Sending network coverage
High
Transfer speed
Receiving method
Agent
Disbursing network coverage
High
Fee
6.9011.50
Exchange rate margin (%)
3.70
Percentage difference between market reference rate 210.79 and exchange rate charged 203.003.70
Total cost (%)
9.459.45
Total cost (GBP)sort descendingTotal cost (USD)sort descending
11.3418.90
Firm
Western Union
Firm type: Money Transfer Operator
 
Payment instrument
Access point
Call Center, Agent
Sending network coverage
High
Transfer speed
Receiving method
Agent
Disbursing network coverage
High
Fee
6.9011.50
Exchange rate margin (%)
3.71
Percentage difference between market reference rate 210.82 and exchange rate charged 203.003.71
Total cost (%)
9.469.46
Total cost (GBP)sort descendingTotal cost (USD)sort descending
11.3518.92
Firm
Western Union
Firm type: Money Transfer Operator
 
Payment instrument
Access point
Call Center
Sending network coverage
High
Transfer speed
Receiving method
Agent
Disbursing network coverage
High
Fee
6.9011.50
Exchange rate margin (%)
3.72
Percentage difference between market reference rate 210.84 and exchange rate charged 203.003.72
Total cost (%)
9.479.47
Total cost (GBP)sort descendingTotal cost (USD)sort descending
11.3618.93
Total Average First Quarter
7.297.29
Total Average Fourth Quarter 2021
4.954.95
Total Average
Fee
5.128.53
Exchange Rate Margin (%)
3.023.02
Total Cost Percent (%)
7.297.29
Total Cost (GBP) Total Cost (USD)
8.7514.58
Non-Transparent records
Bank account transfer Credit Card Debit card Cash
Less than one hour Same day Next day 2 days 3-5 days
Bank account Cash
Firm
Payment instrument
Access point
Sending network coverage
Transfer speed
Receiving method
Disbursing network coverage
Fee
Exchange rate margin (%)
Total cost (%)
Total cost (GBP)sort descendingTotal cost (USD)sort descending
Firm
MoneyGram
Firm type: Money Transfer Operator
 
Payment instrument
Access point
Internet
Sending network coverage
High
Transfer speed
Receiving method
Agent
Disbursing network coverage
High
Fee
3.996.65
Exchange rate margin (%)
2.29
Percentage difference between market reference rate 207.56 and exchange rate charged 202.802.29
Total cost (%)
3.623.62
Total cost (GBP)sort descendingTotal cost (USD)sort descending
10.8618.10
Firm
Remitly
Firm type: Money Transfer Operator
 
Payment instrument
Access point
Internet
Sending network coverage
High
Transfer speed
Receiving method
Disbursing network coverage
High
Fee
3.996.65
Exchange rate margin (%)
2.67
Percentage difference between market reference rate 211.37 and exchange rate charged 205.732.67
Total cost (%)
4.004.00
Total cost (GBP)sort descendingTotal cost (USD)sort descending
12.0020.00
Firm
Remitly
Firm type: Money Transfer Operator
 
Payment instrument
Access point
Internet
Sending network coverage
High
Transfer speed
Receiving method
Disbursing network coverage
Low
Fee
3.996.65
Exchange rate margin (%)
2.69
Percentage difference between market reference rate 211.10 and exchange rate charged 205.422.69
Total cost (%)
4.024.02
Total cost (GBP)sort descendingTotal cost (USD)sort descending
12.0620.10
Firm
WorldRemit
Firm type: Money Transfer Operator
 
Payment instrument
Access point
Internet
Sending network coverage
High
Transfer speed
Receiving method
Agent
Disbursing network coverage
High
Fee
2.994.98
Exchange rate margin (%)
3.07
Percentage difference between market reference rate 210.45 and exchange rate charged 203.993.07
Total cost (%)
4.064.06
Total cost (GBP)sort descendingTotal cost (USD)sort descending
12.1820.30
Firm
Remitly
Firm type: Money Transfer Operator
 
Payment instrument
Access point
Internet
Sending network coverage
High
Transfer speed
Receiving method
Disbursing network coverage
High
Fee
4.998.32
Exchange rate margin (%)
2.55
Percentage difference between market reference rate 207.67 and exchange rate charged 202.382.55
Total cost (%)
4.214.21
Total cost (GBP)sort descendingTotal cost (USD)sort descending
12.6321.05
Firm
Small World
Firm type: Money Transfer Operator
 
Payment instrument
Access point
Agent
Sending network coverage
High
Transfer speed
Receiving method
Agent
Disbursing network coverage
High
Fee
8.0013.33
Exchange rate margin (%)
1.80
Percentage difference between market reference rate 207.53 and exchange rate charged 203.801.80
Total cost (%)
4.464.46
Total cost (GBP)sort descendingTotal cost (USD)sort descending
13.3822.30
Firm
Ria
Firm type: Money Transfer Operator
 
Payment instrument
Access point
Internet
Sending network coverage
High
Transfer speed
Receiving method
Agent
Disbursing network coverage
High
Fee
8.0013.33
Exchange rate margin (%)
1.81
Percentage difference between market reference rate 207.63 and exchange rate charged 203.871.81
Total cost (%)
4.484.48
Total cost (GBP)sort descendingTotal cost (USD)sort descending
13.4422.40
Firm
Ria
Firm type: Money Transfer Operator
 
Payment instrument
Access point
Agent
Sending network coverage
High
Transfer speed
Receiving method
Agent
Disbursing network coverage
High
Fee
4.998.32
Exchange rate margin (%)
2.85
Percentage difference between market reference rate 207.70 and exchange rate charged 201.792.85
Total cost (%)
4.514.51
Total cost (GBP)sort descendingTotal cost (USD)sort descending
13.5322.55
Firm
JN Money
Firm type: Bank
 
Payment instrument
Access point
Internet
Sending network coverage
High
Transfer speed
Receiving method
Disbursing network coverage
High
Fee
2.504.17
Exchange rate margin (%)
3.97
Percentage difference between market reference rate 211.40 and exchange rate charged 203.003.97
Total cost (%)
4.814.81
Total cost (GBP)sort descendingTotal cost (USD)sort descending
14.4324.05
Firm
JN Money
Firm type: Bank
 
Payment instrument
Access point
Internet
Sending network coverage
High
Transfer speed
Receiving method
Agent
Disbursing network coverage
Medium
Fee
2.504.17
Exchange rate margin (%)
3.99
Percentage difference between market reference rate 211.44 and exchange rate charged 203.003.99
Total cost (%)
4.834.83
Total cost (GBP)sort descendingTotal cost (USD)sort descending
14.4924.15
Firm
Western Union
Firm type: Money Transfer Operator
 
Payment instrument
Access point
Agent
Sending network coverage
High
Transfer speed
Receiving method
Agent
Disbursing network coverage
High
Fee
8.9014.83
Exchange rate margin (%)
2.47
Percentage difference between market reference rate 207.80 and exchange rate charged 202.662.47
Total cost (%)
5.445.44
Total cost (GBP)sort descendingTotal cost (USD)sort descending
16.3227.20
Firm
Western Union
Firm type: Money Transfer Operator
 
Payment instrument
Access point
Agent
Sending network coverage
High
Transfer speed
Receiving method
Agent
Disbursing network coverage
High
Fee
6.9011.50
Exchange rate margin (%)
3.22
Percentage difference between market reference rate 210.79 and exchange rate charged 204.003.22
Total cost (%)
5.525.52
Total cost (GBP)sort descendingTotal cost (USD)sort descending
16.5627.60
Firm
Western Union
Firm type: Money Transfer Operator
 
Payment instrument
Access point
Call Center, Agent
Sending network coverage
High
Transfer speed
Receiving method
Agent
Disbursing network coverage
High
Fee
6.9011.50
Exchange rate margin (%)
3.24
Percentage difference between market reference rate 210.82 and exchange rate charged 204.003.24
Total cost (%)
5.545.54
Total cost (GBP)sort descendingTotal cost (USD)sort descending
16.6227.70
Firm
Western Union
Firm type: Money Transfer Operator
 
Payment instrument
Access point
Call Center
Sending network coverage
High
Transfer speed
Receiving method
Agent
Disbursing network coverage
High
Fee
6.9011.50
Exchange rate margin (%)
3.24
Percentage difference between market reference rate 210.84 and exchange rate charged 204.003.24
Total cost (%)
5.545.54
Total cost (GBP)sort descendingTotal cost (USD)sort descending
16.6227.70
Firm
Western Union
Firm type: Money Transfer Operator
 
Payment instrument
Access point
Internet
Sending network coverage
High
Transfer speed
Receiving method
Agent
Disbursing network coverage
High
Fee
4.908.17
Exchange rate margin (%)
4.37
Percentage difference between market reference rate 207.80 and exchange rate charged 198.724.37
Total cost (%)
6.006.00
Total cost (GBP)sort descendingTotal cost (USD)sort descending
18.0030.00
Firm
MoneyGram
Firm type: Money Transfer Operator
 
Payment instrument
Access point
Agent
Sending network coverage
High
Transfer speed
Receiving method
Agent
Disbursing network coverage
High
Fee
10.4917.48
Exchange rate margin (%)
2.69
Percentage difference between market reference rate 207.56 and exchange rate charged 201.972.69
Total cost (%)
6.196.19
Total cost (GBP)sort descendingTotal cost (USD)sort descending
18.5730.95
Total Average First Quarter
4.834.83
Total Average Fourth Quarter 2021
3.573.57
Total Average
Fee
5.689.47
Exchange Rate Margin (%)
2.932.93
Total Cost Percent (%)
4.834.83
Total Cost (GBP) Total Cost (USD)
14.4824.13
Non-Transparent records
Bank account transfer Credit Card Debit card Cash
Less than one hour Same day Next day 2 days 3-5 days
Bank account Cash
Least Costly Corridors To Jamaica
Least Costly Corridors From United Kingdom
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