Remittance Prices Worldwide

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Transfer money

Sending money from CANADA to JAMAICA

Data collected on: May 12, 2020
CAD | USD
Firm
Payment instrument
Access point
Sending network coverage
Transfer speed
Receiving method
Disbursing network coverage
Fee
Exchange rate margin (%)sort descending
Total cost (%)
Total cost (CAD)Total cost (USD)
Firm
Small World
Firm type: Money Transfer Operator
 
Payment instrument
Access point
Agent
Sending network coverage
Low
Transfer speed
Receiving method
Agent
Disbursing network coverage
High
Fee
10.0010.00
Exchange rate margin (%)sort descending
-1.47
Percentage difference between market reference rate 102.10 and exchange rate charged 103.60-1.47
Total cost (%)
3.533.53
Total cost (CAD)Total cost (USD)
7.067.06
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
15.0015.00
Exchange rate margin (%)sort descending
0.27
Percentage difference between market reference rate 102.10 and exchange rate charged 101.830.27
Total cost (%)
7.777.77
Total cost (CAD)Total cost (USD)
15.5415.54
Firm
Ria
Firm type: Money Transfer Operator
 
Payment instrument
Access point
Internet
Sending network coverage
Medium
Transfer speed
Receiving method
Agent
Disbursing network coverage
High
Fee
10.0010.00
Exchange rate margin (%)sort descending
0.27
Percentage difference between market reference rate 102.10 and exchange rate charged 101.830.27
Total cost (%)
5.275.27
Total cost (CAD)Total cost (USD)
10.5410.54
Firm
Xoom
Firm type: Money Transfer Operator
 
Payment instrument
Access point
Internet
Sending network coverage
High
Transfer speed
Receiving method
Agent
Disbursing network coverage
High
Fee
4.994.99
Exchange rate margin (%)sort descending
0.91
Percentage difference between market reference rate 102.10 and exchange rate charged 101.170.91
Total cost (%)
3.413.41
Total cost (CAD)Total cost (USD)
6.826.82
Firm
Xoom
Firm type: Money Transfer Operator
 
Payment instrument
Access point
Internet
Sending network coverage
High
Transfer speed
Receiving method
Agent
Disbursing network coverage
High
Fee
4.994.99
Exchange rate margin (%)sort descending
0.91
Percentage difference between market reference rate 102.10 and exchange rate charged 101.170.91
Total cost (%)
3.413.41
Total cost (CAD)Total cost (USD)
6.826.82
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
5.995.99
Exchange rate margin (%)sort descending
1.28
Percentage difference between market reference rate 102.98 and exchange rate charged 101.661.28
Total cost (%)
4.284.28
Total cost (CAD)Total cost (USD)
8.568.56
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
7.007.00
Exchange rate margin (%)sort descending
2.29
Percentage difference between market reference rate 102.10 and exchange rate charged 99.762.29
Total cost (%)
5.795.79
Total cost (CAD)Total cost (USD)
11.5811.58
Firm
Western Union
Firm type: Money Transfer Operator
 
Payment instrument
Access point
Agent, Call Center
Sending network coverage
High
Transfer speed
Receiving method
Agent
Disbursing network coverage
High
Fee
20.0020.00
Exchange rate margin (%)sort descending
2.29
Percentage difference between market reference rate 102.10 and exchange rate charged 99.762.29
Total cost (%)
12.2912.29
Total cost (CAD)Total cost (USD)
24.5824.58
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
20.0020.00
Exchange rate margin (%)sort descending
2.29
Percentage difference between market reference rate 102.10 and exchange rate charged 99.762.29
Total cost (%)
12.2912.29
Total cost (CAD)Total cost (USD)
24.5824.58
Firm
Royal Bank of Canada
Firm type: Bank
 
Payment instrument
Access point
Internet
Sending network coverage
High
Transfer speed
Receiving method
Disbursing network coverage
High
Fee
13.5013.50
Exchange rate margin (%)sort descending
2.54
Percentage difference between market reference rate 0.71 and exchange rate charged 0.702.54
Total cost (%)
9.299.29
Total cost (CAD)Total cost (USD)
18.5818.58
Firm
MoneyGram
Firm type: Money Transfer Operator
 
Payment instrument
Access point
Internet
Sending network coverage
Low
Transfer speed
Receiving method
Agent
Disbursing network coverage
High
Fee
4.994.99
Exchange rate margin (%)sort descending
2.69
Percentage difference between market reference rate 102.10 and exchange rate charged 99.352.69
Total cost (%)
5.195.19
Total cost (CAD)Total cost (USD)
10.3810.38
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
15.0015.00
Exchange rate margin (%)sort descending
2.69
Percentage difference between market reference rate 102.10 and exchange rate charged 99.352.69
Total cost (%)
10.1910.19
Total cost (CAD)Total cost (USD)
20.3820.38
Firm
ScotiaBank
Firm type: Bank
 
Payment instrument
Access point
Internet
Sending network coverage
High
Transfer speed
Receiving method
Agent
Disbursing network coverage
High
Fee
5.005.00
Exchange rate margin (%)sort descending
2.78
Percentage difference between market reference rate 102.10 and exchange rate charged 99.262.78
Total cost (%)
5.285.28
Total cost (CAD)Total cost (USD)
10.5610.56
Firm
WorldRemit
Firm type: Money Transfer Operator
 
Payment instrument
Access point
Internet
Sending network coverage
High
Transfer speed
Receiving method
Agent
Disbursing network coverage
Medium
Fee
0.990.99
Exchange rate margin (%)sort descending
5.32
Percentage difference between market reference rate 102.10 and exchange rate charged 96.675.32
Total cost (%)
5.825.82
Total cost (CAD)Total cost (USD)
11.6411.64
Firm
This RSP is not transparent: the exchange rate applied to the transaction was not disclosed. The 0% in the exchange rate margin does NOT necessarily mean that there is no exchange rate cost, but rather that this cost is not disclosed to the sender at the time of sending.
CAM
Firm type: Money Transfer Operator
 
Payment instrument
Access point
Agent
Sending network coverage
High
Transfer speed
Receiving method
Agent
Disbursing network coverage
High
Fee
12.0012.00
Exchange rate margin (%)sort descending
0.00
Percentage difference between market reference rate 1.00 and exchange rate charged 1.000.00
Total cost (%)
6.006.00
Total cost (CAD)Total cost (USD)
12.0012.00
Total Average Second Quarter
6.656.65
Total Average First Quarter
8.238.23
Total Average
Fee
9.969.96
Exchange Rate Margin (%)
1.671.67
Total Cost Percent (%)
6.656.65
Total Cost (CAD) Total Cost (USD)
13.3113.31
Non-Transparent records
Bank account transfer Debit/credit card Cash
Less than one hour Same day Next day 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 (CAD)Total cost (USD)
Firm
Xoom
Firm type: Money Transfer Operator
 
Payment instrument
Access point
Internet
Sending network coverage
High
Transfer speed
Receiving method
Agent
Disbursing network coverage
High
Fee
4.994.99
Exchange rate margin (%)
0.91
Percentage difference between market reference rate 102.10 and exchange rate charged 101.170.91
Total cost (%)
1.911.91
Total cost (CAD)Total cost (USD)
9.559.55
Firm
Xoom
Firm type: Money Transfer Operator
 
Payment instrument
Access point
Internet
Sending network coverage
High
Transfer speed
Receiving method
Agent
Disbursing network coverage
High
Fee
10.9910.99
Exchange rate margin (%)
0.91
Percentage difference between market reference rate 102.10 and exchange rate charged 101.170.91
Total cost (%)
3.113.11
Total cost (CAD)Total cost (USD)
15.5515.55
Firm
Small World
Firm type: Money Transfer Operator
 
Payment instrument
Access point
Agent
Sending network coverage
Low
Transfer speed
Receiving method
Agent
Disbursing network coverage
High
Fee
10.0010.00
Exchange rate margin (%)
-1.47
Percentage difference between market reference rate 102.10 and exchange rate charged 103.60-1.47
Total cost (%)
0.530.53
Total cost (CAD)Total cost (USD)
2.652.65
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
10.9910.99
Exchange rate margin (%)
1.28
Percentage difference between market reference rate 102.98 and exchange rate charged 101.661.28
Total cost (%)
3.483.48
Total cost (CAD)Total cost (USD)
17.4017.40
Firm
MoneyGram
Firm type: Money Transfer Operator
 
Payment instrument
Access point
Internet
Sending network coverage
Low
Transfer speed
Receiving method
Agent
Disbursing network coverage
High
Fee
4.994.99
Exchange rate margin (%)
2.69
Percentage difference between market reference rate 102.10 and exchange rate charged 99.352.69
Total cost (%)
3.693.69
Total cost (CAD)Total cost (USD)
18.4518.45
Firm
Ria
Firm type: Money Transfer Operator
 
Payment instrument
Access point
Internet
Sending network coverage
Medium
Transfer speed
Receiving method
Agent
Disbursing network coverage
High
Fee
12.0012.00
Exchange rate margin (%)
0.27
Percentage difference between market reference rate 102.10 and exchange rate charged 101.830.27
Total cost (%)
2.672.67
Total cost (CAD)Total cost (USD)
13.3513.35
Firm
ScotiaBank
Firm type: Bank
 
Payment instrument
Access point
Internet
Sending network coverage
High
Transfer speed
Receiving method
Agent
Disbursing network coverage
High
Fee
5.005.00
Exchange rate margin (%)
2.78
Percentage difference between market reference rate 102.10 and exchange rate charged 99.262.78
Total cost (%)
3.783.78
Total cost (CAD)Total cost (USD)
18.9018.90
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
7.007.00
Exchange rate margin (%)
2.29
Percentage difference between market reference rate 102.10 and exchange rate charged 99.762.29
Total cost (%)
3.693.69
Total cost (CAD)Total cost (USD)
18.4518.45
Firm
WorldRemit
Firm type: Money Transfer Operator
 
Payment instrument
Access point
Internet
Sending network coverage
High
Transfer speed
Receiving method
Agent
Disbursing network coverage
Medium
Fee
0.990.99
Exchange rate margin (%)
5.32
Percentage difference between market reference rate 102.10 and exchange rate charged 96.675.32
Total cost (%)
5.525.52
Total cost (CAD)Total cost (USD)
27.6027.60
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
20.0020.00
Exchange rate margin (%)
0.27
Percentage difference between market reference rate 102.10 and exchange rate charged 101.830.27
Total cost (%)
4.274.27
Total cost (CAD)Total cost (USD)
21.3521.35
Firm
Royal Bank of Canada
Firm type: Bank
 
Payment instrument
Access point
Internet
Sending network coverage
High
Transfer speed
Receiving method
Disbursing network coverage
High
Fee
13.5013.50
Exchange rate margin (%)
2.54
Percentage difference between market reference rate 0.71 and exchange rate charged 0.702.54
Total cost (%)
5.245.24
Total cost (CAD)Total cost (USD)
26.2026.20
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
20.0020.00
Exchange rate margin (%)
2.69
Percentage difference between market reference rate 102.10 and exchange rate charged 99.352.69
Total cost (%)
6.696.69
Total cost (CAD)Total cost (USD)
33.4533.45
Firm
Western Union
Firm type: Money Transfer Operator
 
Payment instrument
Access point
Agent, Call Center
Sending network coverage
High
Transfer speed
Receiving method
Agent
Disbursing network coverage
High
Fee
30.0030.00
Exchange rate margin (%)
2.29
Percentage difference between market reference rate 102.10 and exchange rate charged 99.762.29
Total cost (%)
8.298.29
Total cost (CAD)Total cost (USD)
41.4541.45
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
30.0030.00
Exchange rate margin (%)
2.29
Percentage difference between market reference rate 102.10 and exchange rate charged 99.762.29
Total cost (%)
8.298.29
Total cost (CAD)Total cost (USD)
41.4541.45
Firm
This RSP is not transparent: the exchange rate applied to the transaction was not disclosed. The 0% in the exchange rate margin does NOT necessarily mean that there is no exchange rate cost, but rather that this cost is not disclosed to the sender at the time of sending.
CAM
Firm type: Money Transfer Operator
 
Payment instrument
Access point
Agent
Sending network coverage
High
Transfer speed
Receiving method
Agent
Disbursing network coverage
High
Fee
28.0028.00
Exchange rate margin (%)
0.00
Percentage difference between market reference rate 1.00 and exchange rate charged 1.000.00
Total cost (%)
5.605.60
Total cost (CAD)Total cost (USD)
28.0028.00
Total Average Second Quarter
4.454.45
Total Average First Quarter
5.755.75
Total Average
Fee
13.9013.90
Exchange Rate Margin (%)
1.671.67
Total Cost Percent (%)
4.454.45
Total Cost (CAD) Total Cost (USD)
22.2522.25
Non-Transparent records
Bank account transfer Debit/credit card Cash
Less than one hour Same day Next day 3-5 days
Bank account Cash
Least Costly Corridors To Jamaica
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