What It Costs to Send Money to Jamaica from the US
In the 2024 Q3 World Bank Remittance Prices Worldwide quarterly survey, sending USD 200 from the United States to Jamaica carried a median total cost of 6.31% and an average total cost of 7.06% of the amount sent. Total cost in this survey combines two components: the explicit transfer fee charged by the provider and the exchange-rate margin, which is the difference between the mid-market rate and the rate actually applied to the transaction.
Across the 20 providers surveyed in that same 2024 Q3 snapshot, quoted total costs ranged from a low of −0.70% to a high of 18.27%, reflecting considerable variation in how providers price this corridor. The cheapest surveyed provider in the 2024 Q3 data was Walmart2World. That ranking is specific to the survey period and may not reflect current pricing.
Costs within this corridor can also differ depending on the payment method used, such as bank account or debit card, and the payout method available to the recipient. The send amount itself can affect the percentage cost. The World Bank updates this survey quarterly, so figures shift over time. The per-provider table below displays the individual quotes drawn from the 2024 Q3 survey data.
Surveyed providers (2024 Q3)
| Provider | Type | Pay-out | Speed (surveyed) | Total cost, $200 | Total cost, $500 |
|---|---|---|---|---|---|
| Walmart2World | Bank | Internet | Less than one hour | -0.70% | -0.70% |
| Walmart2World | Bank | Agent | Less than one hour | -0.19% | -0.19% |
| Ria | MTO | Internet | 3-5 days | 3.43% | 2.23% |
| Ria | MTO | Internet | Less than one hour | 3.88% | 2.81% |
| CAM | MTO | Agent | Less than one hour | 4.00% | 2.40% |
| MoneyGram | MTO | Internet | Less than one hour | 4.92% | 3.82% |
| Walmart2World | Bank | Internet | Less than one hour | 5.30% | 3.80% |
| Jamaica National | MTO / Building Society | Bank branch | Next day | 5.50% | 2.20% |
| Ria | MTO | Agent | Less than one hour | 5.93% | — |
| Xoom | MTO | Internet | Less than one hour | 6.31% | 8.48% |
| Xoom | MTO | Internet | Less than one hour | 6.31% | 8.48% |
| Xoom | MTO | Internet | Less than one hour | 6.31% | 4.81% |
| Ria | MTO | Internet | Less than one hour | 6.93% | 5.63% |
| Western Union | MTO | Agent | Less than one hour | 6.96% | 4.56% |
Total cost = transfer fee + exchange-rate margin, as a percent of the amount sent, at the two surveyed send amounts ($200 / $500). Surveyed prices, not live quotes.
Estimate your transfer cost →Source: The World Bank, Remittance Prices Worldwide, available at http://remittanceprices.worldbank.org (CC BY 4.0). Figures are from the 2024 Q3 survey — surveyed prices, not live quotes.