📈 USA to Jamaica Money Transfer Snapshot Today
- Most JMD received for USD 1,000 today: JMD 157,710.00 with BOSS Money (Bank Account → Bank Account)
- Best USD to JMD exchange rate today: JMD 157.7100, offered by BOSS Money
- Number of money transfer providers compared: 7 providers offering 62 ways to send
- Exchange rate range: JMD 157.7100 to JMD 155.0129
- Potential savings on USD 1,000: up to JMD 2,792.16, fees included
- Zero fee transfers: 4 of 7 providers charge no fee for USD 1,000
- Number of deals and promo codes: 6, all exclusive to RemitFinder
- Mid-market
ⓘThe mid-market exchange rate (also called the interbank rate) is the real USD to JMD exchange rate before providers add their margin or fees. exchange rate: 1 USD = JMD 158.7604 (Updated about an hour ago)
See detailed USA to Jamaica money transfer comparison below.
USA to Jamaica money transfer providers that matched the search criteria
Also offered for other amounts:
- PayNearMe → Bank Account or Cash Pickup: 100 – 495 USD
Traveling to Jamaica?
If you are planning a trip to Jamaica, stay connected from the moment you arrive. Compare Jamaica eSIM plans from top providers and avoid expensive roaming charges or the hassle of buying a local SIM card.
Instant activation • No physical SIM • Keep your existing number
💡What these rates mean for sending money to Jamaica from United States today
Compare top-rated money transfer providers to find the best way to remit money to Jamaica from United States. Check today's USD to JMD exchange rates and fees, read detailed provider reviews, and discover exclusive deals and promo codes.
RemitFinder compared 7 providers offering 62 ways to send for USA to Jamaica money transfers today. Here is what the competition looks like right now:
Today's Most Competitive Providers to Transfer Money to Jamaica from USA
🥇 BOSS Money with JMD 157,710.00 for USD 1,000 (most JMD received today).
🥈 MoneyGram offering JMD 156,689.20.
🥉 Taptap Send & Western Union are also offering good value on USD-JMD transfers today.
The 7 providers compared today offer exchange rates from JMD 155.0129 to JMD 157.7100. Once fees are included, a USD 1,000 transfer from USA to Jamaica delivers between JMD 154,917.84 and JMD 157,710.00. That means up to JMD 2,792.16 more for your recipient — simply by choosing the right provider.
How you pay matters too: paying by Credit Card instead of Bank Account costs JMD 5,599.44 more with Ria Money Transfer, for the same Cash Pickup delivery.
US Dollar to Jamaican Dollar exchange rates and fees change throughout the day, and top-ranked providers can change quickly. Even a small difference in the rate or fee can significantly change how much JMD your recipient receives in Jamaica.
Compare the providers above to maximize every USD you send to Jamaica. The provider that pays the most for US Dollar to Jamaican Dollar transfers changes daily, so comparing today matters.
Looking for a different option? You can browse all sending countries on our send money from hub, or view all destinations available when sending money from USA.
👇 There is more to a great transfer than today's USD to JMD exchange rate — 5 years of historical pricing data reveals what really drives the total cost of sending money to Jamaica from United States.
Whilst US Dollar to Jamaican Dollar exchange rate is crucial, historical data shows that transfer fees, USD amount sent and payment and delivery methods can also significantly influence your final payout.
Below, we analyze 5 years of USA to Jamaica remittance data to show you exactly where costs arise, and the best practices that maximize your JMD payout on every transfer.
Cost insights to remit money from United States to Jamaica (data-backed)
When you send money internationally from USA to Jamaica, the following 4 key factors determine how much your recipient actually receives:
- USD to JMD exchange rate
- Transfer fee
- Payment method
- Delivery method
Ideally, optimizing all four factors together gives your recipient in Jamaica the maximum JMD payout on every transfer.
Another counter-balancing aspect is money transfer speed. If you need to transfer money from USA to Jamaica urgently, you may have to compromise on some of the above factors whilst optimizing for speed.
To understand what actually drives cost, we analyzed historical remittance pricing1 for USD to JMD money transfers — comparing transfer costs, FX margins, fees, and payment and delivery methods across providers.
This analysis is based on 405 actual USA to Jamaica money transfers handled by 8 providers over the last 5 years (for a USD 200 remittance benchmark).
This analysis of real US Dollar to Jamaican Dollar transfer data identifies the lowest-cost payment and delivery combinations — so you keep more of every US Dollar you send.
Before we deep dive, here are the key trends:
📌 Key Cost Insights: Transferring money from USA to Jamaica
- Average total cost: 7.28% (range -2.18% to 19.01%, spread 21.19 percentage points)
- Potential payout difference: On a USD 200 transfer, the above variation can save you up to USD 42.38.
- Average FX markup: 3.70% (range -2.18%
ⓘA negative markup generally represents a promotional exchange rate whereby a provider offers an exchange rate that is even higher than the mid-market rate, often on smaller amounts. to 13.75%, spread 15.93 percentage points) - Average transfer fee: USD 7.18 (range USD 0.00 to USD 14.00)
- Cheapest payment/delivery method combo: Bank Account Transfer → Bank Deposit (4.04% avg cost); most expensive is Credit Card → Cash Pickup (8.68%)
- Payment/delivery method choice impact: Cheapest vs most expensive combo saves 4.64% (USD 9.28 on USD 200 transfer).
- Market coverage: ~8 providers on average (competition level: moderate)
- Average speed: About 15 hours
🛠️ Key takeaway: Compare providers using both exchange rate and fees, then optimize your payment and delivery methods to reduce total cost.
Below, we break down each of these factors in detail — so you know exactly where to focus when comparing providers for your next money transfer to Jamaica from USA.
📈 USD to JMD Exchange Rate: The biggest factor when you send US Dollar to Jamaican Dollar
The exchange rate on your USA to Jamaica money transfer is the single biggest factor determining your overall USD cost — and how many Jamaican Dollar your recipient actually receives.
To analyze exchange rates, we use the exchange rate markup (also called FX margin) — the difference between the mid-market exchange rate
Here is what 5 years of historical data shows for FX markup on US Dollar to Jamaica transfers:
- Average markup: 3.70%
- Median markup: 2.90%
- Lowest markup: -2.18%
ⓘA negative markup generally represents a promotional exchange rate whereby a provider offers an exchange rate that is even higher than the mid-market rate, often on smaller amounts. - Highest markup: 13.75%
That is a spread of 15.93 percentage points between the lowest and highest observed FX markups.
To put this into perspective — on a USD 200 transfer, that spread is USD 31.86 in differences purely from the exchange rate. On a USD 500 transfer, that gap grows to USD 79.65.
🛠️ How to use this insight: When comparing providers for USA to Jamaica remittances, pay close attention to the exchange rate you receive. A small difference in the FX markup can quickly outweigh other factors like fees, and the gap generally grows as transfer amounts increase.
The USD to JMD exchange rate is the single most critical factor in the cost of your transfer. When comparing providers, always check the rate first — it matters more than you might expect.
💰 Transfer Fees: What to watch when you remit money from USA to Jamaica
Whilst exchange rate gets most of the attention, the transfer fee can also have a big impact on how much of your US Dollar actually reaches your recipient in Jamaica.
Based on 5 years of pricing data, here is what we see on US Dollar to Jamaica money transfer fees:
- Average fee: USD 7.18
- Median fee: USD 7.00
- Lowest fee: USD 0.00
- Highest fee: USD 14.00
The average fee of USD 7.18 represents 3.59% of a USD 200 transfer, a meaningful cost on its own.
And even when two providers offer identical exchange rates, the difference between the lowest and highest fee means a payout difference of up to USD 14.00.
🛠️ How to use this insight: For your next money transfer from USA to Jamaican Dollar, look for providers that offer lower (or even 0) transfer fees.
One important caveat: watch out for hidden fees. Some providers advertise zero or low fees but offset it with a lower USD to JMD exchange rate. The money lost through an inferior FX rate is just as real as a visible fee — but since it does not show up as a line item, it is called a hidden fee.
This is why comparing total cost (fee + FX markup combined) always gives you a clearer picture instead of looking at rates or fees alone.
Finally, keep in mind that fixed fees matter more on smaller transfers. On a USD 200 transfer, a USD 5 fee is 2.5% of your total amount. On a USD 2,000 transfer, that same fee is just 0.25%. If you send smaller US Dollar to Jamaican Dollar transfers regularly, pay even more attention to fees.
Transfer fees can be just as costly as a poor exchange rate — always look at the total cost of your USD to JMD transfer, not just rates or fees alone.
💸 Payment & Delivery Methods that reduce your cost to transfer money to Jamaica from United States
Based on our analysis of historical USA to Jamaica remittance data, we see consistent variation in overall cost amongst various payment method and delivery methods.
Even when US Dollar to Jamaican Dollar exchange rates are similar, different combinations of payment and delivery options can lead to meaningful differences in what you pay.
💳 Average Cost by Payment Method
Here is the average cost for popular payment methods used to send money to Jamaica from USA:
- Debit Card: 6.40%
- Bank Account Transfer: 6.93%
- Cash: 7.04%
- Credit Card: 8.68%
That is a spread of 2.28 percentage points.
👉 On a USD 200 transfer, this means you could save up to USD 4.56 simply by choosing a lower-cost payment method.
These savings increase further for larger USD transfer amounts.
📥 Average Cost by Delivery Method
Here is the average cost of popular delivery methods used to remit money from USA to Jamaica:
- Bank Deposit: 5.00%
- Cash Pickup: 7.35%
This is a difference of 2.35 percentage points.
👉 On a USD 200 transfer, you could save up to USD 4.69 by choosing Bank Deposit instead of Cash Pickup.
Different combinations of payment methods in USA and delivery methods in Jamaica can lead to very different total costs when sending or remitting money.
Here is a summary of the average cost of payment and delivery method combinations for USA to JMD money transfers.
| Payment Method | Delivery Method | Average Cost (%) |
|---|---|---|
| Bank Account Transfer | Bank Deposit | 4.04 |
| Debit Card | Bank Deposit | 5.00 |
| Debit Card | Cash Pickup | 6.52 |
| Cash | Cash Pickup | 7.04 |
| Bank Account Transfer | Cash Pickup | 7.08 |
| Credit Card | Cash Pickup | 8.68 |
Sorted by Average Cost % (cheapest to most expensive).
The difference between these USD to JMD payment and delivery options is significant.
- Lowest cost: Bank Account Transfer → Bank Deposit (4.04%)
- Highest cost: Credit Card → Cash Pickup (8.68%)
- Difference: 4.64 percentage points
👉 On a USD 200 transfer, you could save up to USD 17.36
👉 On a USD 500 transfer, savings increase to USD 43.39
Here is a quick summary of the average historical cost of various payment and delivery methods for USD to Jamaica money transfers.
💸 Cheapest Payment & Delivery Methods to send USD to JMD transfers (data-backed)
- Cheapest payment method: Debit Card (6.40%) vs Credit Card (8.68%)
- Cheapest delivery method: Bank Deposit (5.00%) vs Cash Pickup (7.35%)
- Cheapest combination: Bank Account Transfer → Bank Deposit (4.04%) vs Credit Card → Cash Pickup (8.68%)
🛠️ How to use this insight: As you compare money transfer providers for your next USA to Jamaica international money transfer, strive to pair the lowest-cost payment method with the lowest-cost delivery method.
This can help you avoid the pitfall of "great exchange rate, expensive methods".
You can save money on your USA to Jamaica remittances by carefully choosing the cheapest payment and delivery methods.
🏦 Are banks more expensive than money transfer services for USA to Jamaica money transfers?
When we compared USA banks with money transfer providers based on 5 years of remittance data, we noticed some patterns.
Interestingly, for USA to Jamaica remittances, traditional banks are 0.60 percentage points cheaper on average than money transfer providers.
This means money transfer companies tend to be approximately 0.92x more expensive than banks on average.
Here are the key stats behind this comparison:
| Banks | MTOs^ | Difference | |
|---|---|---|---|
| Average transfer fee | USD 8.54 | USD 6.91 | USD 1.63 |
| Exchange rate markup | 2.51% | 3.93% | -1.41 pp* |
| Average total cost (%) | 6.79% | 7.38% | -0.60 pp* |
^MTO: Money transfer operator, a commonly used term for a money transfer provider
*Percentage points
🛠️ How to use this insight: Historical data shows that banks in USA can be competitive. However, pricing still varies by provider, transfer amount, and method — so comparing options can still be beneficial.
📊 Does sending more money reduce the cost to remit money from USA to Jamaica?
To see if transfer cost varies based on the amount sent, we compared the average cost of sending USD 200 vs USD 500 from USA to Jamaica.
We found that sending a higher amount (USD 500) is typically cheaper — average cost drops from 7.28% to 5.92%, a reduction of 1.36 percentage points.
The cost of your transfer usually continues to drop as transfer amount increases. That said, always check the latest exchange rates and fees for your intended transfer amount.
🛠️ How to use this insight: Since it is generally cheaper to send higher US Dollar amounts to Jamaica, consider consolidating smaller, more frequent transfers into fewer, larger ones. Doing so may reduce the total cost you pay.
🏛 How competitive is the market for sending money to Jamaica from United States?
Based on data from the last 5 years, US Dollar to Jamaican Dollar money transfers are provided on an average by 8 remittance companies. With this number of providers, we consider the level of market competition to be moderate.
Traditional banks account for only 12.5% of active providers (1 out of 8), whilst money transfer services make up the majority. This means you have more options beyond banks when you transfer USD to Jamaica.
A remittance market with more active providers is typically more competitive. This means you can get a better pricing and more payment and delivery options for your USA to Jamaica remittances.
This is why comparing providers is especially important when you transfer money from United States to Jamaica.
⏱️ How fast can you transfer US Dollar to Jamaican Dollar?
If your recipient in Jamaica needs funds urgently, transfer speed becomes just as important as cost when sending money.
Here is what we see for USA to Jamaica transfers:
- Average transfer time: About 15 hours.
- Fastest transfer time: About less than 1 hour.
- Slowest transfer time: About 96 hours (~4.0 days).
- Average speed at USD 200: About 15 hours.
- Average speed at USD 500: About 15 hours.
Banks vs money transfer providers speed comparison: Banks are 14 hours faster on average than money transfer providers.
In many cases, the fastest providers are not always the cheapest, so balancing speed and cost is important when you transfer USD to Jamaica.
🛠️ How to use this insight: If you need to send money from USA to Jamaica in a hurry, compare providers not just on exchange rate, but also on expected speed. Speed also varies based on the delivery method (bank vs cash vs wallet) you choose for Jamaica.
Transfer speed for USA to Jamaica money transfers can vary widely across providers. For time-sensitive transfers, compare speed alongside cost and choose faster payment and delivery methods.
Frequently Asked Questions: Sending money to Jamaica from USA
These FAQs use data from RemitFinder's historical analysis of USA to Jamaica money transfers over several years.
What factors affect the total cost of sending money from United States to Jamaica?
The total cost of your US Dollar to Jamaican Dollar money transfer depends on how you fund the transaction (payment method), how the recipient receives it (delivery method), the exchange rate you get, and any transfer fee charged by the provider.
To avoid overpaying for your transfer, compare money transfer providers.
How much does the exchange rate affect transferring money to Jamaica from USA?
Historical US Dollar to Jamaican Dollar exchange rate markup ranges from -2.18% to 13.75%, a spread of 15.93 percentage points. Even small differences in the exchange rate markup can impact your final payout significantly.
Can you get a better-than-market rate when you send US Dollar to Jamaica?
Sometimes, money transfer providers may offer promotional exchange rates that are better than the mid-market exchange rate, resulting in a negative USD to JMD remittance rate markup.
Such offers are generally limited by transfer amount, eligibility, or duration. Compare providers to see if you can take advantage of any ongoing special offers.
Exchange Rate vs Transfer Fee: What matters more when you send money to Jamaica from USA?
Exchange rate markup ranges from -2.18% to 13.75% (a spread of 15.93 percentage points).
Transfer fees range from USD 0.00 to USD 14.00, which equals roughly 7.00% on a USD 200.00 transfer.
At both USD 200.00 and USD 500.00, the exchange rate markup shows larger variation than the other component.
Regardless, our recommendation is that it is important to compare both exchange rates and fees when choosing a provider for USA to Jamaica money transfers.
As the transfer amount increases, the % impact of fees decreases (because the fee gets spread across a larger USD amount), whilst exchange rate markup remains a percentage-based cost that can scale with transfer size.
For smaller transfers, fees can matter more, whilst for larger transfers, exchange rate often becomes the bigger driver. Either way, comparing both helps you get the most JMD for your USD.
How much can costs vary between providers when sending money from USA to Jamaica?
Historical transfer cost ranges from -2.18% to 19.01% for USD transfers to Jamaica. That is a spread of 21.19 percentage points, indicating significant differences between various money transfer providers.
A major contributor to this variation is exchange rate markup. FX markup alone ranges from -2.18% to 13.75% (a spread of 15.93 percentage points). Thus, even small differences in FX margin can have a big impact on the final JMD payout.
Why do Money Transfer Providers charge different rates for US Dollar to Jamaican Dollar money transfers?
If you send the same US Dollar amount to Jamaica via different providers, the cost of each transfer will be different because of variations in FX markup, fees, and payment and delivery methods.
Even small differences among all the above factors can change the final JMD payout in Jamaica in a big way.
How stable are the costs to remit money to Jamaica from USA?
When we analyzed the historical total cost for USD to JMD transfers, we observed a range from -2.18% to 19.01% (21.19 percentage points difference), along with a variability (standard deviation) of 3.70%.
A major driver of cost in this market is exchange rate markup. FX markup ranges from -2.18% to 13.75% (15.93 percentage points difference), with a standard deviation of 3.50%. Fees and payment/delivery method choices can contribute to further volatility.
This is exactly why we recommend comparing money transfer providers to get the most of your US Dollar to Jamaican Dollar transfers.
Which Payment Method is the cheapest to send money from United States to Jamaica?
Debit Card is the cheapest payment method in USA based on its average cost at 6.40% (compared to Credit Card at 8.68%, a difference of 2.28 percentage points).
Based on this, we recommend paying for your USD transfer with Debit Card, and avoiding Credit Card if possible.
Is Debit Card cheaper than Credit Card when you transfer money to Jamaica from USA?
Debit Card is cheaper on average when sending money to Jamaica from USA since it costs 6.40% (compared to 8.68% for Credit Card payments, a difference of 2.28 percentage points).
As a result, we recommend that you avoid paying for your transfer to Jamaica with a Credit Card.
Which Delivery Method is cheapest when you remit money to Jamaica from USA?
Bank Deposit is the cheapest delivery method in Jamaica as it costs 5.00% (compared to Cash Pickup at 7.35%, a spread of 2.35 percentage points).
If your recipient in Jamaica can accept Bank Deposit, we recommend choosing it as your preferred delivery option for US Dollar to Jamaican Dollar transfers.
Is Bank Deposit cheaper than Cash Pickup when you send money to Jamaica from USA?
Bank Deposit is cheaper for US Dollar transfers to Jamaica given its 5.00% average cost (versus 7.35% for Cash Pickup, a difference of 2.35 percentage points).
To save more, consider choosing the cheapest delivery option for Jamaica.
What is the cheapest way to send money from USA to Jamaica?
We evaluated 6 payment and delivery method combinations for USA to Jamaica remittances.
Based on historical data, Bank Account Transfer → Bank Deposit is the cheapest combination with 4.04% cost.
At the other end of the spectrum, Credit Card → Cash Pickup is the most expensive combination at 8.68% cost. That is a difference of 4.64 percentage points between the cheapest and most expensive combinations.
Money transfer providers price payment and delivery methods for USA to Jamaica remittances differently. As you compare options, look for the cheapest combination to maximize the value of your USD to JMD transfers.
Does sending more money reduce the cost to transfer money to Jamaica from United States?
Larger US Dollar to Jamaican Dollar transfers are cheaper on average.
The cost of a USD 200 transfer averages 7.28% as compared to 5.92% for a USD 500 transfer, a difference of 1.36 percentage points.
How long does it take to send USD to JMD money transfers?
Based on our analysis, the average transfer time for US Dollar to Jamaican Dollar transfers is 15 hours, with the fastest transfers completing in less than one hour and the slowest in 96 hours (~4.0 days).
Can you instantly transfer money from USA to Jamaica?
Yes, historical data shows that some transfers to Jamaica from USA can complete in less than one hour.
Note that the actual speed of your USD to JMD transfer will depend on the chosen provider, payment method, delivery method, and eligibility checks.
Are banks more expensive than money transfer companies for USA to Jamaica remittances?
Banks in USA are competitive and can be cheaper than money transfer providers.
The average cost of banks is 6.79% compared to 7.38% for money transfer providers in USA, a difference of -0.60 percentage points.
How competitive is the market for sending money from USA to Jamaica?
Based on historical data, the competition level in USA to Jamaica is considered moderate with 8 active providers.
Money transfer providers represent about 87.5% of identified providers in USA.
Can you overpay if you do not compare providers before transferring money to Jamaica from USA?
Historically, total USD to JMD transfer cost has varied by 21.19 percentage points. On a USD 200 transfer, that can translate to USD 42.38 in savings.
US Dollar to Jamaican Dollar exchange rate markup also varies across providers. The average markup spread has been about 15.93 percentage points. On a USD 200 transfer, that could be USD 31.86 saved from FX alone.
Fees can also make a big difference in this market, with a difference of about USD 14.00 across providers.
That is why comparing providers can materially change how much of the USD you send your recipient receives in Jamaica.
Latest Exchange Rates for Sending Money to Jamaica from USA
Here are some latest USD to JMD (US Dollar to Jamaican Dollar) exchange rates for popular conversion amounts*.
| 1 USD | 158.76 JMD |
| 5 USD | 793.80 JMD |
| 10 USD | 1,587.60 JMD |
| 25 USD | 3,969.01 JMD |
| 50 USD | 7,938.02 JMD |
| 100 USD | 15,876.04 JMD |
| 150 USD | 23,814.06 JMD |
| 200 USD | 31,752.08 JMD |
| 250 USD | 39,690.10 JMD |
| 300 USD | 47,628.12 JMD |
| 400 USD | 63,504.16 JMD |
| 500 USD | 79,380.20 JMD |
| 600 USD | 95,256.24 JMD |
| 700 USD | 111,132.28 JMD |
| 800 USD | 127,008.32 JMD |
| 1000 USD | 158,760.40 JMD |
| 1500 USD | 238,140.60 JMD |
| 2000 USD | 317,520.80 JMD |
| 2500 USD | 396,901.00 JMD |
| 3000 USD | 476,281.20 JMD |
| 4000 USD | 635,041.60 JMD |
| 5000 USD | 793,802.00 JMD |
| 10000 USD | 1,587,604.00 JMD |
| 15000 USD | 2,381,406.00 JMD |
| 20000 USD | 3,175,208.00 JMD |
| 30000 USD | 4,762,812.00 JMD |
| 40000 USD | 6,350,416.00 JMD |
| 50000 USD | 7,938,020.00 JMD |
| 100000 USD | 15,876,040.00 JMD |
*Based on the Mid-market Exchange Rate
Other popular countries to send money from USA
1 Based on 405 pricing observations across 8 firms over the last 5 years for a USD 200 money transfer from USA to Jamaica. Data Source: The World Bank, Remittance Prices Worldwide, available at http://remittanceprices.worldbank.org.
How we analyze remittance data?
Insights are derived from the World Bank's Remittance Prices Worldwide dataset, which collects standardized provider pricing information at defined transfer amounts.
We aggregate this data across multiple providers and multi-year periods to calculate averages, medians, and variability measures in order to identify consistent pricing patterns for the USA to Jamaica remittance corridor.
RemitFinder does not modify the underlying World Bank data. The analysis presented here is independently calculated from published datasets and is intended for informational and comparison purposes only.