Remittance Prices Worldwide

MAKING MARKETS MORE TRANSPARENT

From USUnited States you can also send money to
Transfer money

Sending money from UNITED STATES to JAMAICA

Data collected on: Oct 28, 2020
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 (USD)sort descending
The total cost of sending a remittance transfer includes: the fee charged to the sender plus the exchange rate margin.
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
3.003.00
Exchange rate margin (%)
3.15
Percentage difference between market reference rate 145.91 and exchange rate charged 141.313.15
Total cost (%)
4.654.65
Total cost (USD)sort descending
9.309.30
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
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
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 (%)
2.93
Percentage difference between market reference rate 145.91 and exchange rate charged 141.642.93
Total cost (%)
5.425.42
Total cost (USD)sort descending
10.8410.84
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 (%)
2.93
Percentage difference between market reference rate 145.91 and exchange rate charged 141.642.93
Total cost (%)
5.425.42
Total cost (USD)sort descending
10.8410.84
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 (%)
4.45
Percentage difference between market reference rate 145.91 and exchange rate charged 139.424.45
Total cost (%)
6.946.94
Total cost (USD)sort descending
13.8813.88
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 (%)
4.45
Percentage difference between market reference rate 145.91 and exchange rate charged 139.424.45
Total cost (%)
6.946.94
Total cost (USD)sort descending
13.8813.88
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 (%)
3.15
Percentage difference between market reference rate 145.91 and exchange rate charged 141.313.15
Total cost (%)
7.157.15
Total cost (USD)sort descending
14.3014.30
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 (%)
3.15
Percentage difference between market reference rate 145.91 and exchange rate charged 141.313.15
Total cost (%)
7.657.65
Total cost (USD)sort descending
15.3015.30
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
8.008.00
Exchange rate margin (%)
3.92
Percentage difference between market reference rate 145.91 and exchange rate charged 140.193.92
Total cost (%)
7.927.92
Total cost (USD)sort descending
15.8415.84
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 (%)
3.92
Percentage difference between market reference rate 145.91 and exchange rate charged 140.193.92
Total cost (%)
8.928.92
Total cost (USD)sort descending
17.8417.84
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 (%)
9.53
Percentage difference between market reference rate 145.91 and exchange rate charged 132.019.53
Total cost (%)
13.0313.03
Total cost (USD)sort descending
26.0626.06
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 (%)
9.53
Percentage difference between market reference rate 145.91 and exchange rate charged 132.019.53
Total cost (%)
13.0313.03
Total cost (USD)sort descending
26.0626.06
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 (%)
11.90
Percentage difference between market reference rate 145.91 and exchange rate charged 128.5511.90
Total cost (%)
14.4014.40
Total cost (USD)sort descending
28.8028.80
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 (%)
11.90
Percentage difference between market reference rate 145.91 and exchange rate charged 128.5511.90
Total cost (%)
14.4014.40
Total cost (USD)sort descending
28.8028.80
Total Average Fourth Quarter 2020
8.298.29
Total Average Third Quarter 2020
7.327.32
Total Average
Fee
6.606.60
Exchange Rate Margin (%)
4.994.99
Total Cost Percent (%)
8.298.29
Total Cost (USD) Total Cost (USD)
16.5816.58
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
Agent
Sending network coverage
High
Transfer speed
Receiving method
Agent
Disbursing network coverage
High
Fee
N/AN/A
Exchange rate margin (%)
N/A
not availableN/A
Total cost (%)
N/AN/A
Total cost (USD)sort descending
N/AN/A
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
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
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
3.003.00
Exchange rate margin (%)
3.15
Percentage difference between market reference rate 145.91 and exchange rate charged 141.313.15
Total cost (%)
3.753.75
Total cost (USD)sort descending
18.7518.75
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 (%)
2.93
Percentage difference between market reference rate 145.91 and exchange rate charged 141.642.93
Total cost (%)
3.923.92
Total cost (USD)sort descending
19.6019.60
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 (%)
3.15
Percentage difference between market reference rate 145.91 and exchange rate charged 141.313.15
Total cost (%)
4.754.75
Total cost (USD)sort descending
23.7523.75
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 (%)
2.93
Percentage difference between market reference rate 145.91 and exchange rate charged 141.642.93
Total cost (%)
4.924.92
Total cost (USD)sort descending
24.6024.60
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
4.994.99
Exchange rate margin (%)
4.45
Percentage difference between market reference rate 145.91 and exchange rate charged 139.424.45
Total cost (%)
5.455.45
Total cost (USD)sort descending
27.2527.25
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
8.008.00
Exchange rate margin (%)
3.92
Percentage difference between market reference rate 145.91 and exchange rate charged 140.193.92
Total cost (%)
5.525.52
Total cost (USD)sort descending
27.6027.60
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 (%)
3.92
Percentage difference between market reference rate 145.91 and exchange rate charged 140.193.92
Total cost (%)
5.925.92
Total cost (USD)sort descending
29.6029.60
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
21.9921.99
Exchange rate margin (%)
4.45
Percentage difference between market reference rate 145.91 and exchange rate charged 139.424.45
Total cost (%)
8.858.85
Total cost (USD)sort descending
44.2544.25
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 (%)
9.43
Percentage difference between market reference rate 145.91 and exchange rate charged 132.159.43
Total cost (%)
11.2311.23
Total cost (USD)sort descending
56.1556.15
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
9.009.00
Exchange rate margin (%)
9.43
Percentage difference between market reference rate 145.91 and exchange rate charged 132.159.43
Total cost (%)
11.2311.23
Total cost (USD)sort descending
56.1556.15
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
5.005.00
Exchange rate margin (%)
11.77
Percentage difference between market reference rate 145.91 and exchange rate charged 128.7411.77
Total cost (%)
12.7712.77
Total cost (USD)sort descending
63.8563.85
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 (%)
11.77
Percentage difference between market reference rate 145.91 and exchange rate charged 128.7411.77
Total cost (%)
13.1713.17
Total cost (USD)sort descending
65.8565.85
Total Average Fourth Quarter 2020
7.017.01
Total Average Third Quarter 2020
5.785.78
Total Average
Fee
9.579.57
Exchange Rate Margin (%)
5.095.09
Total Cost Percent (%)
7.017.01
Total Cost (USD) Total Cost (USD)
35.0335.03
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
Least Costly Corridors From United States
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