About USD and JMD
The JMD might not be the most stable currency compared to the USD. However, the two sets of currencies do enjoy healthy international exchange rates. It, therefore, means there are already established methods of transferring money from US to Jamaica. One of the major concerns for most people who want to carry out such international cash transfers is the exorbitant high exchange rates.
Thanks to Exchange Rate IQ however, you can avoid such exploitative money transfer companies with this list of US to Jamaica money transfer service providers.
Best Way to Send Money from the USA to Jamaica
When talking about the best way to send money from USA to Jamaica, you need to know that people have different preferences. With that said, we have highlighted some of the most preferred methods of money transfer to Jamaica from US and they include;
Online Money Transfer
The use of technology has revolutionised almost every sector. It has, as a result, made easy and cheap to transfer money from US to Jamaica. One of the most competitive providers currently in the market is World Remit. Their current exchange rates are favorable with regards to the JMD. Moreover, they don’t charge any transaction fee. The other online money transfer service provider that you can trust when you want to send money from US to Jamaica online is Xoom.
Direct Bank Transfer
Jamaica boasts of numerous banks which accept international payments and some Jamaican banks operate in the US as well. If you are the kind of person who intends to send money to Jamaica from USA regularly, then you could consider banks such as National Commercial Ban and Victoria Mutual Building Society.
Post Office Services
Jamaica is among the 30 countries worldwide in which you can send money through an international money order. If you intend to send money from USA to Jamaica, walk into any post office and ask for an international money order. Each money order should cost you around $3.85 per order.
What to consider when you want to transfer money from the USA to Jamaica.
Just like any other form of shipment, there are several factors you will have to consider before settling on any international money transfer company. Here are the critical aspects to take into consideration when sending money from the USA to Jamaica.
Exchange Rate from USD to JMD
This is the most fundamental aspect of them all. You want to send money and still not pay too much for the same. There are several money transfer services with favorable USD to JMD exchange rates even though these figures keep shifting.
While you might not have an emergency, most of the time, I bet you would also not want a service that takes days to complete money transfer. The faster the money transfer, the better.
The amount you want to send
Some money transfer channels will not accept amounts above certain limits. So, you will need to enquire first more so if you have loads of money to send.
The fastest way to send money from the USA to Jamaica
If you need your money to get to the desired destination faster than the average time, then the best alternative is online money transfer services. It will take roughly a few minutes to transfer money from the USA to Jamaica through online transfer companies.
The cost for these instant services can range anything between a reasonable fee to free depending on your service provider of choice. If you want a good alternative for the fastest way to send money from USA to Jamaica then you can consider Western Union.