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Transfer money

Sending money from UNITED STATES to JAMAICA

Data collected on: May 12, 2020
Firm
Payment instrument
Access point
Sending network coverage
Transfer speed
Receiving method
Disbursing network coverage
Fee
Exchange rate margin (%)
Total cost (%)
Total cost (USD)sort descending
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
5.005.00
Exchange rate margin (%)
0.54
Percentage difference between market reference rate 142.95 and exchange rate charged 142.170.54
Total cost (%)
3.043.04
Total cost (USD)sort descending
6.086.08
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
4.994.99
Exchange rate margin (%)
0.61
Percentage difference between market reference rate 142.95 and exchange rate charged 142.080.61
Total cost (%)
3.103.10
Total cost (USD)sort descending
6.206.20
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
4.994.99
Exchange rate margin (%)
0.61
Percentage difference between market reference rate 142.95 and exchange rate charged 142.080.61
Total cost (%)
3.103.10
Total cost (USD)sort descending
6.206.20
Firm
CAM
Firm type: Money Transfer Operator
 
Payment instrument
Access point
Agent
Sending network coverage
Medium
Transfer speed
Receiving method
Agent
Disbursing network coverage
High
Fee
7.007.00
Exchange rate margin (%)
0.00
Percentage difference between market reference rate 1.00 and exchange rate charged 1.000.00
Total cost (%)
3.503.50
Total cost (USD)sort descending
7.007.00
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 (%)
1.85
Percentage difference between market reference rate 142.95 and exchange rate charged 140.301.85
Total cost (%)
4.354.35
Total cost (USD)sort descending
8.708.70
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 (%)
1.85
Percentage difference between market reference rate 142.95 and exchange rate charged 140.301.85
Total cost (%)
4.354.35
Total cost (USD)sort descending
8.708.70
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
8.008.00
Exchange rate margin (%)
0.54
Percentage difference between market reference rate 142.95 and exchange rate charged 142.170.54
Total cost (%)
4.544.54
Total cost (USD)sort descending
9.089.08
Firm
Jamaica National
Firm type: Money Transfer Operator / Building Society
 
Payment instrument
Access point
Bank branch
Sending network coverage
Low
Transfer speed
Receiving method
Bank branch
Disbursing network coverage
High
Fee
10.0010.00
Exchange rate margin (%)
0.00
Percentage difference between market reference rate 1.00 and exchange rate charged 1.000.00
Total cost (%)
5.005.00
Total cost (USD)sort descending
10.0010.00
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
9.009.00
Exchange rate margin (%)
0.54
Percentage difference between market reference rate 142.95 and exchange rate charged 142.170.54
Total cost (%)
5.045.04
Total cost (USD)sort descending
10.0810.08
Firm
Walmart2World
Firm type: Bank
 
Payment instrument
Access point
Agent, Internet
Sending network coverage
High
Transfer speed
Receiving method
Agent
Disbursing network coverage
High
Fee
7.007.00
Exchange rate margin (%)
1.96
Percentage difference between market reference rate 142.95 and exchange rate charged 140.141.96
Total cost (%)
5.465.46
Total cost (USD)sort descending
10.9210.92
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
9.999.99
Exchange rate margin (%)
1.22
Percentage difference between market reference rate 142.95 and exchange rate charged 141.211.22
Total cost (%)
6.216.21
Total cost (USD)sort descending
12.4212.42
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
9.999.99
Exchange rate margin (%)
1.85
Percentage difference between market reference rate 142.95 and exchange rate charged 140.301.85
Total cost (%)
6.856.85
Total cost (USD)sort descending
13.7013.70
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 (%)
7.68
Percentage difference between market reference rate 142.95 and exchange rate charged 131.967.68
Total cost (%)
11.1811.18
Total cost (USD)sort descending
22.3622.36
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
5.005.00
Exchange rate margin (%)
10.10
Percentage difference between market reference rate 142.95 and exchange rate charged 128.5010.10
Total cost (%)
12.6012.60
Total cost (USD)sort descending
25.2025.20
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
5.005.00
Exchange rate margin (%)
10.10
Percentage difference between market reference rate 142.95 and exchange rate charged 128.5010.10
Total cost (%)
12.6012.60
Total cost (USD)sort descending
25.2025.20
Total Average Second Quarter
6.066.06
Total Average First Quarter
7.747.74
Total Average
Fee
6.866.86
Exchange Rate Margin (%)
2.632.63
Total Cost Percent (%)
6.066.06
Total Cost (USD) Total Cost (USD)
12.1212.12
Non-Transparent records
Bank account transfer Debit/credit card Cash
Less than one hour 2 days 3-5 days
Cash
Firm
Payment instrument
Access point
Sending network coverage
Transfer speed
Receiving method
Disbursing network coverage
Fee
Exchange rate margin (%)
Total cost (%)
Total cost (USD)sort descending
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
5.005.00
Exchange rate margin (%)
0.54
Percentage difference between market reference rate 142.95 and exchange rate charged 142.170.54
Total cost (%)
1.541.54
Total cost (USD)sort descending
7.707.70
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
4.994.99
Exchange rate margin (%)
0.61
Percentage difference between market reference rate 142.95 and exchange rate charged 142.080.61
Total cost (%)
1.611.61
Total cost (USD)sort descending
8.058.05
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
8.008.00
Exchange rate margin (%)
0.54
Percentage difference between market reference rate 142.95 and exchange rate charged 142.170.54
Total cost (%)
2.142.14
Total cost (USD)sort descending
10.7010.70
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
9.009.00
Exchange rate margin (%)
0.54
Percentage difference between market reference rate 142.95 and exchange rate charged 142.170.54
Total cost (%)
2.342.34
Total cost (USD)sort descending
11.7011.70
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
9.999.99
Exchange rate margin (%)
0.61
Percentage difference between market reference rate 142.95 and exchange rate charged 142.080.61
Total cost (%)
2.612.61
Total cost (USD)sort descending
13.0513.05
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 (%)
1.85
Percentage difference between market reference rate 142.95 and exchange rate charged 140.301.85
Total cost (%)
2.852.85
Total cost (USD)sort descending
14.2514.25
Firm
CAM
Firm type: Money Transfer Operator
 
Payment instrument
Access point
Agent
Sending network coverage
Medium
Transfer speed
Receiving method
Agent
Disbursing network coverage
High
Fee
15.0015.00
Exchange rate margin (%)
0.00
Percentage difference between market reference rate 1.00 and exchange rate charged 1.000.00
Total cost (%)
3.003.00
Total cost (USD)sort descending
15.0015.00
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
9.999.99
Exchange rate margin (%)
1.22
Percentage difference between market reference rate 142.95 and exchange rate charged 141.211.22
Total cost (%)
3.223.22
Total cost (USD)sort descending
16.1016.10
Firm
Walmart2World
Firm type: Bank
 
Payment instrument
Access point
Agent, Internet
Sending network coverage
High
Transfer speed
Receiving method
Agent
Disbursing network coverage
High
Fee
7.007.00
Exchange rate margin (%)
1.96
Percentage difference between market reference rate 142.95 and exchange rate charged 140.141.96
Total cost (%)
3.363.36
Total cost (USD)sort descending
16.8016.80
Firm
Jamaica National
Firm type: Money Transfer Operator / Building Society
 
Payment instrument
Access point
Bank branch
Sending network coverage
Low
Transfer speed
Receiving method
Bank branch
Disbursing network coverage
High
Fee
18.0018.00
Exchange rate margin (%)
0.00
Percentage difference between market reference rate 1.00 and exchange rate charged 1.000.00
Total cost (%)
3.603.60
Total cost (USD)sort descending
18.0018.00
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
9.999.99
Exchange rate margin (%)
1.85
Percentage difference between market reference rate 142.95 and exchange rate charged 140.301.85
Total cost (%)
3.853.85
Total cost (USD)sort descending
19.2519.25
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
21.9921.99
Exchange rate margin (%)
1.85
Percentage difference between market reference rate 142.95 and exchange rate charged 140.301.85
Total cost (%)
6.256.25
Total cost (USD)sort descending
31.2531.25
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
9.009.00
Exchange rate margin (%)
7.58
Percentage difference between market reference rate 142.95 and exchange rate charged 132.117.58
Total cost (%)
9.389.38
Total cost (USD)sort descending
46.9046.90
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
7.007.00
Exchange rate margin (%)
9.97
Percentage difference between market reference rate 142.95 and exchange rate charged 128.699.97
Total cost (%)
11.3711.37
Total cost (USD)sort descending
56.8556.85
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
7.007.00
Exchange rate margin (%)
9.97
Percentage difference between market reference rate 142.95 and exchange rate charged 128.699.97
Total cost (%)
11.3711.37
Total cost (USD)sort descending
56.8556.85
Total Average Second Quarter
4.574.57
Total Average First Quarter
6.426.42
Total Average
Fee
9.809.80
Exchange Rate Margin (%)
2.612.61
Total Cost Percent (%)
4.574.57
Total Cost (USD) Total Cost (USD)
22.8322.83
Non-Transparent records
Bank account transfer Debit/credit card Cash
Less than one hour 2 days 3-5 days
Cash
Least Costly Corridors To Jamaica
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