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Transfer money

Sending money from CANADA to JAMAICA

Data collected on: May 11, 2019
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
ScotiaBank
Firm type: Bank
 
Payment instrument
Access point
Internet
Sending network coverage
High
Transfer speed
Receiving method
Agent
Disbursing network coverage
High
Fee
15.0015.00
Exchange rate margin (%)sort descending
0.01
Percentage difference between market reference rate 100.80 and exchange rate charged 100.790.01
Total cost (%)
7.517.51
Total cost (CAD)Total cost (USD)
15.0215.02
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
0.73
Percentage difference between market reference rate 100.80 and exchange rate charged 100.070.73
Total cost (%)
3.223.22
Total cost (CAD)Total cost (USD)
6.446.44
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
0.73
Percentage difference between market reference rate 100.80 and exchange rate charged 100.070.73
Total cost (%)
3.223.22
Total cost (CAD)Total cost (USD)
6.446.44
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
5.005.00
Exchange rate margin (%)sort descending
0.74
Percentage difference between market reference rate 100.80 and exchange rate charged 100.060.74
Total cost (%)
3.243.24
Total cost (CAD)Total cost (USD)
6.486.48
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
8.508.50
Exchange rate margin (%)sort descending
1.49
Percentage difference between market reference rate 100.80 and exchange rate charged 99.301.49
Total cost (%)
5.745.74
Total cost (CAD)Total cost (USD)
11.4811.48
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
2.63
Percentage difference between market reference rate 100.80 and exchange rate charged 98.162.63
Total cost (%)
12.6312.63
Total cost (CAD)Total cost (USD)
25.2625.26
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
2.63
Percentage difference between market reference rate 100.80 and exchange rate charged 98.162.63
Total cost (%)
12.6312.63
Total cost (CAD)Total cost (USD)
25.2625.26
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
2.75
Percentage difference between market reference rate 100.80 and exchange rate charged 98.032.75
Total cost (%)
10.2510.25
Total cost (CAD)Total cost (USD)
20.5020.50
Firm
CAM
Firm type: Money Transfer Operator
 
Payment instrument
Access point
Agent
Sending network coverage
High
Transfer speed
Receiving method
Agent
Disbursing network coverage
Medium
Fee
7.007.00
Exchange rate margin (%)sort descending
2.78
Percentage difference between market reference rate 100.80 and exchange rate charged 98.002.78
Total cost (%)
6.286.28
Total cost (CAD)Total cost (USD)
12.5612.56
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
9.999.99
Exchange rate margin (%)sort descending
2.93
Percentage difference between market reference rate 100.80 and exchange rate charged 97.852.93
Total cost (%)
7.937.93
Total cost (CAD)Total cost (USD)
15.8615.86
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
3.253.25
Exchange rate margin (%)sort descending
3.37
Percentage difference between market reference rate 100.80 and exchange rate charged 97.413.37
Total cost (%)
4.994.99
Total cost (CAD)Total cost (USD)
9.989.98
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
5.005.00
Exchange rate margin (%)sort descending
3.53
Percentage difference between market reference rate 100.80 and exchange rate charged 97.243.53
Total cost (%)
6.036.03
Total cost (CAD)Total cost (USD)
12.0612.06
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
4.34
Percentage difference between market reference rate 100.80 and exchange rate charged 96.434.34
Total cost (%)
11.0911.09
Total cost (CAD)Total cost (USD)
22.1822.18
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
7.007.00
Exchange rate margin (%)sort descending
6.20
Percentage difference between market reference rate 100.80 and exchange rate charged 94.556.20
Total cost (%)
9.709.70
Total cost (CAD)Total cost (USD)
19.4019.40
Total Average Second Quarter
7.467.46
Total Average First Quarter
11.8211.82
Total Average
Fee
9.949.94
Exchange Rate Margin (%)
2.492.49
Total Cost Percent (%)
7.467.46
Total Cost (CAD) Total Cost (USD)
14.9214.92
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 (%)
0.73
Percentage difference between market reference rate 100.80 and exchange rate charged 100.070.73
Total cost (%)
1.721.72
Total cost (CAD)Total cost (USD)
8.608.60
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 (%)
0.73
Percentage difference between market reference rate 100.80 and exchange rate charged 100.070.73
Total cost (%)
2.922.92
Total cost (CAD)Total cost (USD)
14.6014.60
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
5.005.00
Exchange rate margin (%)
0.74
Percentage difference between market reference rate 100.80 and exchange rate charged 100.060.74
Total cost (%)
1.741.74
Total cost (CAD)Total cost (USD)
8.708.70
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
6.506.50
Exchange rate margin (%)
3.37
Percentage difference between market reference rate 100.80 and exchange rate charged 97.413.37
Total cost (%)
4.674.67
Total cost (CAD)Total cost (USD)
23.3523.35
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
10.0010.00
Exchange rate margin (%)
1.49
Percentage difference between market reference rate 100.80 and exchange rate charged 99.301.49
Total cost (%)
3.493.49
Total cost (CAD)Total cost (USD)
17.4517.45
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
5.005.00
Exchange rate margin (%)
3.53
Percentage difference between market reference rate 100.80 and exchange rate charged 97.243.53
Total cost (%)
4.534.53
Total cost (CAD)Total cost (USD)
22.6522.65
Firm
CAM
Firm type: Money Transfer Operator
 
Payment instrument
Access point
Agent
Sending network coverage
High
Transfer speed
Receiving method
Agent
Disbursing network coverage
Medium
Fee
15.0015.00
Exchange rate margin (%)
2.78
Percentage difference between market reference rate 100.80 and exchange rate charged 98.002.78
Total cost (%)
5.785.78
Total cost (CAD)Total cost (USD)
28.9028.90
Firm
ScotiaBank
Firm type: Bank
 
Payment instrument
Access point
Internet
Sending network coverage
High
Transfer speed
Receiving method
Agent
Disbursing network coverage
High
Fee
15.0015.00
Exchange rate margin (%)
0.01
Percentage difference between market reference rate 100.80 and exchange rate charged 100.790.01
Total cost (%)
3.013.01
Total cost (CAD)Total cost (USD)
15.0515.05
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
11.9911.99
Exchange rate margin (%)
2.93
Percentage difference between market reference rate 100.80 and exchange rate charged 97.852.93
Total cost (%)
5.335.33
Total cost (CAD)Total cost (USD)
26.6526.65
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
7.007.00
Exchange rate margin (%)
6.20
Percentage difference between market reference rate 100.80 and exchange rate charged 94.556.20
Total cost (%)
7.607.60
Total cost (CAD)Total cost (USD)
38.0038.00
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
20.0020.00
Exchange rate margin (%)
2.75
Percentage difference between market reference rate 100.80 and exchange rate charged 98.032.75
Total cost (%)
6.756.75
Total cost (CAD)Total cost (USD)
33.7533.75
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 (%)
4.34
Percentage difference between market reference rate 100.80 and exchange rate charged 96.434.34
Total cost (%)
7.047.04
Total cost (CAD)Total cost (USD)
35.2035.20
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 (%)
2.63
Percentage difference between market reference rate 100.80 and exchange rate charged 98.162.63
Total cost (%)
8.638.63
Total cost (CAD)Total cost (USD)
43.1543.15
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 (%)
2.63
Percentage difference between market reference rate 100.80 and exchange rate charged 98.162.63
Total cost (%)
8.638.63
Total cost (CAD)Total cost (USD)
43.1543.15
Total Average Second Quarter
5.135.13
Total Average First Quarter
9.319.31
Total Average
Fee
13.2113.21
Exchange Rate Margin (%)
2.492.49
Total Cost Percent (%)
5.135.13
Total Cost (CAD) Total Cost (USD)
25.6625.66
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
Least Costly Corridors From Canada
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