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Transfer money

Sending money from UNITED STATES to JAMAICA

Data collected on: Oct 28, 2019
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
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
1.991.99
Exchange rate margin (%)
1.06
Percentage difference between market reference rate 135.17 and exchange rate charged 133.731.06
Total cost (%)
2.062.06
Total cost (USD)sort descending
4.124.12
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
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 (%)
1.01
Percentage difference between market reference rate 135.17 and exchange rate charged 133.801.01
Total cost (%)
3.513.51
Total cost (USD)sort descending
7.027.02
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 (%)
1.06
Percentage difference between market reference rate 135.17 and exchange rate charged 133.731.06
Total cost (%)
3.563.56
Total cost (USD)sort descending
7.127.12
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 (%)
1.78
Percentage difference between market reference rate 135.17 and exchange rate charged 132.761.78
Total cost (%)
4.274.27
Total cost (USD)sort descending
8.548.54
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 (%)
1.78
Percentage difference between market reference rate 135.17 and exchange rate charged 132.761.78
Total cost (%)
4.274.27
Total cost (USD)sort descending
8.548.54
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
Internet
Sending network coverage
High
Transfer speed
Receiving method
Agent
Disbursing network coverage
High
Fee
8.008.00
Exchange rate margin (%)
1.01
Percentage difference between market reference rate 135.17 and exchange rate charged 133.801.01
Total cost (%)
5.015.01
Total cost (USD)sort descending
10.0210.02
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 (%)
1.01
Percentage difference between market reference rate 135.17 and exchange rate charged 133.801.01
Total cost (%)
5.515.51
Total cost (USD)sort descending
11.0211.02
Firm
Walmart2World
Firm type: Bank
 
Payment instrument
Access point
Agent
Sending network coverage
High
Transfer speed
Receiving method
Agent
Disbursing network coverage
High
Fee
8.008.00
Exchange rate margin (%)
2.07
Percentage difference between market reference rate 135.17 and exchange rate charged 132.362.07
Total cost (%)
6.076.07
Total cost (USD)sort descending
12.1412.14
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 (%)
1.67
Percentage difference between market reference rate 135.17 and exchange rate charged 132.911.67
Total cost (%)
6.666.66
Total cost (USD)sort descending
13.3213.32
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 (%)
2.14
Percentage difference between market reference rate 135.17 and exchange rate charged 132.272.14
Total cost (%)
7.147.14
Total cost (USD)sort descending
14.2814.28
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 (%)
7.49
Percentage difference between market reference rate 135.17 and exchange rate charged 125.047.49
Total cost (%)
10.9910.99
Total cost (USD)sort descending
21.9821.98
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 (%)
10.06
Percentage difference between market reference rate 135.17 and exchange rate charged 121.5710.06
Total cost (%)
12.5612.56
Total cost (USD)sort descending
25.1225.12
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 (%)
10.06
Percentage difference between market reference rate 135.17 and exchange rate charged 121.5710.06
Total cost (%)
12.5612.56
Total cost (USD)sort descending
25.1225.12
Total Average Fourth Quarter 2019
6.186.18
Total Average Third Quarter 2019
6.026.02
Total Average
Fee
6.736.73
Exchange Rate Margin (%)
2.812.81
Total Cost Percent (%)
6.186.18
Total Cost (USD) Total Cost (USD)
12.3612.36
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
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
1.991.99
Exchange rate margin (%)
1.06
Percentage difference between market reference rate 135.17 and exchange rate charged 133.731.06
Total cost (%)
1.461.46
Total cost (USD)sort descending
7.307.30
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
5.005.00
Exchange rate margin (%)
1.01
Percentage difference between market reference rate 135.17 and exchange rate charged 133.801.01
Total cost (%)
2.012.01
Total cost (USD)sort descending
10.0510.05
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 (%)
1.01
Percentage difference between market reference rate 135.17 and exchange rate charged 133.801.01
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 (%)
1.78
Percentage difference between market reference rate 135.17 and exchange rate charged 132.761.78
Total cost (%)
2.772.77
Total cost (USD)sort descending
13.8513.85
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 (%)
1.01
Percentage difference between market reference rate 135.17 and exchange rate charged 133.801.01
Total cost (%)
2.812.81
Total cost (USD)sort descending
14.0514.05
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
Internet
Sending network coverage
High
Transfer speed
Receiving method
Agent
Disbursing network coverage
High
Fee
9.999.99
Exchange rate margin (%)
1.06
Percentage difference between market reference rate 135.17 and exchange rate charged 133.731.06
Total cost (%)
3.063.06
Total cost (USD)sort descending
15.3015.30
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
Walmart2World
Firm type: Bank
 
Payment instrument
Access point
Agent
Sending network coverage
High
Transfer speed
Receiving method
Agent
Disbursing network coverage
High
Fee
8.008.00
Exchange rate margin (%)
2.07
Percentage difference between market reference rate 135.17 and exchange rate charged 132.362.07
Total cost (%)
3.673.67
Total cost (USD)sort descending
18.3518.35
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 (%)
1.67
Percentage difference between market reference rate 135.17 and exchange rate charged 132.911.67
Total cost (%)
3.673.67
Total cost (USD)sort descending
18.3518.35
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 (%)
2.14
Percentage difference between market reference rate 135.17 and exchange rate charged 132.272.14
Total cost (%)
4.144.14
Total cost (USD)sort descending
20.7020.70
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
21.9921.99
Exchange rate margin (%)
1.78
Percentage difference between market reference rate 135.17 and exchange rate charged 132.761.78
Total cost (%)
6.176.17
Total cost (USD)sort descending
30.8530.85
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 (%)
7.39
Percentage difference between market reference rate 135.17 and exchange rate charged 125.187.39
Total cost (%)
8.798.79
Total cost (USD)sort descending
43.9543.95
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 (%)
9.93
Percentage difference between market reference rate 135.17 and exchange rate charged 121.759.93
Total cost (%)
10.9310.93
Total cost (USD)sort descending
54.6554.65
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 (%)
9.93
Percentage difference between market reference rate 135.17 and exchange rate charged 121.759.93
Total cost (%)
11.3311.33
Total cost (USD)sort descending
56.6556.65
Total Average Fourth Quarter 2019
4.674.67
Total Average Third Quarter 2019
4.524.52
Total Average
Fee
9.409.40
Exchange Rate Margin (%)
2.792.79
Total Cost Percent (%)
4.674.67
Total Cost (USD) Total Cost (USD)
23.3423.34
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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