Jamaica Money Transfers
Transfering money to Jamaica, whether for emigration, imports, or sending money to a family member, using a regulated currency broker is fast, simple and safe. For a live quote on your money transfer, fill in your details on the form above and an FSA-regulated currency company will be in touch.
Making Jamaican Money Transfers
Bank Details Required
You will need the following information to make a money transfer to Jamaica :
- Beneficiary name
- Account Number
- Swift Code or BSB/Routing number
- Bank name
Transfer Time for Jamaican Money Transfers
Jamaican money transfers are usually received the day after transmission. If you are using a currency company for sending money to the Caribbean, you should find funds arrive the next day after you have settled in sterling with your provider. In some cases Jamaican banks may take one extra day to physically clear funds to the final beneficiary account.
Charges and Exchange Rates
The cost of international money transfers can be broken down into 2 sections: transfer charges, and exchange rates. Banks normally charge around £30 for a transfer, and also make up to 4% by 'loading' the exchange rate applied to a transaction.
Both these costs can be reduced by using a currency broker. Usually transfer charges are much less (or free), and the exchange rate should be much closer to the market rate. Please see our dedicated page on Jamaican Dollar exchange rates for more information.
There may also be a small charge made by the receiving bank, to process and credit the payment to the Jamaican bank account, and/or the routing bank, which is an intermediary used to route the payment through the international banking network to the recipient bank.