How to send money to Jamaica from the US with the best USD-JMD rate
We compared 5 companies sending money from the United States to Jamaica. Regency FX is the best and cheapest, while TapTap Send is the fastest.
Sending $7,000 with Regency FX gets your recipient 1,106,145.42 JMD at 158.0208 JMD per USD.
Best companies for USD/JMD transfers
5 of 5 providers
Last updated on 10 November 2026i
This page updates weekly. We collect, store, and analyze USD/JMD exchange rates from our comparisons.
Based on 7,000 USD transfer
Best companies for USD/JMD transfers
All money transfer offers for USD/JMD transfers, sorted by most JMD received. The first two offers may be sponsored promotions. Some offers here pay us a commission.
Personal account managerReceive to bank accountDedicated support for larger transactions
Ways to receive money in Jamaica with Xe when paying by bank transfer.
MethodFee & ratesRecipient gets
Bank depositMinutes - 24 hours
Free1 USD = 156.5681 JMD
$1,095,976.70You pay$7,000.00
Run a live search
Showing top United States to Jamaica deals for 7,000 USD. Do a live search with your exact amount for today's best rates.
Run a live search
Showing companies that send from a business account. Run a business search to get live USD to JMD rates.
Run a live search
These companies offer multi-currency accounts for spending JMD. We suggest doing a live search based on how much USD you're planning to spend in Jamaica.
Run a live search
These are managed services with real human support for large USD transfers. Click the link and update the transfer amount to get the best deal.
Ways to receive money in Jamaica with MoneyGram when paying by bank transfer.
MethodFee & ratesRecipient gets
Bank depositMinutes - 24 hoursAvailable via:Jamaica National Bank, Scotiabank, Sagicor Bank (SBJ), CIBC FirstCaribbean Bank, National Commercial Bank+1 more
Mid-market rate: 1 USD = 158.4486 JMDUpdates every 60 minutes.
Transfer details
How to send money from US to Jamaica
Pick a company
If you're sending a one-off transfer, then Regency FX is the best option.
Regency FX was the cheapest on 29 of the 29 days it quoted $7,000 transfers to Jamaica.
For recurring transfers, I'd suggest using an app like TapTap Send or a multi-currency account.
For large transfers, a broker like Regency FX is the best option.
If your recipient needs cash, MoneyGram is the cheapest.
How much you send will affect the best option for you right now.
Pay for it
You have 4 ways to pay for your transfer to Jamaica, including bank transfer, debit card, credit card, and cash deposit.
Usually, using bank transfer to fund your transfer is the cheapest but slowest option (ACH and takes a few days).
You can use a debit card, Apple Pay and Google Pay for quicker deposit but it's a bit more expensive.
I suggest avoiding credit cards since these are most expensive and have cash advance fees (Amex is very rarely accepted in general).
Check and send
First time round you'll need to confirm who you are.
An SSN isn't required, an ITIN or a foreign passport works with most companies here.
Compare amounts
How much USD are you sending to Jamaica?
How much USD you send to Jamaica heavily affects the best ways and the cheapest options. Use the table below to check how the cheapest options change and how much more you'd get by comparing.
Our analysis shows Regency FX was the cheapest in 100% of the transfers from $5,000 it quoted, and in 100% of all the transfers it quoted.
How much more the cheapest provider gets you than the average of all providers we compared at this amount.
Cheapest service
$500
0.92%
$1.99
$78,500.00with debit card to bank deposit
+$3,059.94
$2,000
0.92%
$1.99
$314,000.00with debit card to bank deposit
+$8,419.58
$5,000
0.92%
$1.99
$785,000.00with debit card to bank deposit
+$11,438.33
$7,000This page
0.27%
$0.00
$1,106,145.42with bank transfer to bank deposit
+$21,210.28
$10,000
0.27%
$0.00
$1,580,207.75with bank transfer to bank deposit
+$30,213.73
$50,000
0.25%
$0.00
$7,902,623.23with bank transfer to bank deposit
+$151,682.48
$100,000
0.20%
$0.00
$15,813,168.88with bank transfer to bank deposit
+$310,292.55
$250,000
0.20%
$0.00
$39,532,922.21with bank transfer to bank deposit
+$775,427.21
Mid-market rate: 1 USD = 158.4486 JMD
USD/JMD Exchange Rate History
Is today a good time to send money from US to Jamaica?
The cheapest way to send USD to JMD can change every day, or stay with the same company all month.
We've compared the mid-market rate with the cheapest option each day (today it's Regency FX), across 30 days of comparisons for 7,000 USD transfers to Jamaica.
Show on chart
JMD received for $7,000, after fees
Tue, Nov 10, 2026Mid-market rate$1,109,140.10Regency FX$1,106,145.42Regency FX$1,106,145.42TapTap Send$1,099,000.00Xe$1,095,976.70
1.090M
1.095M
1.100M
1.105M
1.110M
1.115M
At the mid-market rateWith the cheapest optionRegency FXTapTap SendXe
Nov 4Nov 5Nov 6Nov 7Nov 8Nov 9Nov 10
1.090M
1.095M
1.100M
1.105M
1.110M
1.115M
1.120M
At the mid-market rateWith the cheapest optionRegency FXTapTap SendXe
Oct 12Oct 22Oct 31Nov 10
1.085M
1.090M
1.095M
1.100M
1.105M
1.110M
1.115M
1.120M
At the mid-market rateWith the cheapest optionRegency FXTapTap SendXe
Aug 13Sep 12Oct 11Nov 10
Exchange rate
Fee
Recipient gets
Difference
How much more or less the recipient gets against the mid-market rate.
Mid-market rate
158.6158
–
$1,110,310.61
Locked-in rate
Regency FXCheapest
158.1875
$0.00
$1,107,312.77
−$2,997.84
Locked-in rate
Xe
157.1606
$0.00
$1,100,124.20
−$10,186.41
Locked-in rate
TapTap Send
156.3900
$1.99
$1,094,730.00
−$15,580.61
Exchange rate
Fee
Recipient gets
Difference
How much more or less the recipient gets against the mid-market rate.
Mid-market rate
159.6570
–
$1,117,598.83
Locked-in rate
Regency FXCheapest
159.2259
$0.00
$1,114,581.31
−$3,017.51
Locked-in rate
Xe
156.9335
$0.00
$1,098,534.50
−$19,064.32
Locked-in rate
TapTap Send
156.3900
$1.99
$1,094,730.00
−$22,868.82
Exchange rate
Fee
Recipient gets
Difference
How much more or less the recipient gets against the mid-market rate.
Mid-market rate
158.5076
–
$1,109,553.47
Locked-in rate
Regency FXCheapest
158.0797
$0.00
$1,106,557.67
−$2,995.80
Locked-in rate
Xe
156.9631
$0.00
$1,098,741.70
−$10,811.77
Locked-in rate
TapTap Send
156.3900
$1.99
$1,094,730.00
−$14,823.47
Exchange rate
Fee
Recipient gets
Difference
How much more or less the recipient gets against the mid-market rate.
Mid-market rate
158.7167
–
$1,111,016.83
Locked-in rate
Regency FXCheapest
158.2882
$0.00
$1,108,017.08
−$2,999.75
Locked-in rate
Xe
156.9433
$0.00
$1,098,603.10
−$12,413.73
Locked-in rate
TapTap Send
156.3900
$1.99
$1,094,730.00
−$16,286.83
Exchange rate
Fee
Recipient gets
Difference
How much more or less the recipient gets against the mid-market rate.
Mid-market rate
159.0286
–
$1,113,200.06
Locked-in rate
Regency FXCheapest
158.5992
$0.00
$1,110,194.42
−$3,005.64
Locked-in rate
Xe
156.9532
$0.00
$1,098,672.40
−$14,527.66
Locked-in rate
TapTap Send
156.3900
$1.99
$1,094,730.00
−$18,470.06
Exchange rate
Fee
Recipient gets
Difference
How much more or less the recipient gets against the mid-market rate.
Mid-market rate
159.1958
–
$1,114,370.86
Locked-in rate
Regency FXCheapest
158.7660
$0.00
$1,111,362.06
−$3,008.80
Locked-in rate
TapTap Send
157.0000
$1.99
$1,099,000.00
−$15,370.86
Locked-in rate
Xe
156.6175
$0.00
$1,096,322.50
−$18,048.36
Exchange rate
Fee
Recipient gets
Difference
How much more or less the recipient gets against the mid-market rate.
Mid-market rate
159.1958
–
$1,114,370.86
Locked-in rate
Regency FXCheapest
158.7660
$0.00
$1,111,362.06
−$3,008.80
Locked-in rate
TapTap Send
157.0000
$1.99
$1,099,000.00
−$15,370.86
Locked-in rate
Xe
156.6175
$0.00
$1,096,322.50
−$18,048.36
Exchange rate
Fee
Recipient gets
Difference
How much more or less the recipient gets against the mid-market rate.
Mid-market rate
159.4874
–
$1,116,411.71
Locked-in rate
Regency FXCheapest
159.0568
$0.00
$1,113,397.40
−$3,014.31
Locked-in rate
TapTap Send
157.0000
$1.99
$1,099,000.00
−$17,411.71
Locked-in rate
Xe
156.6175
$0.00
$1,096,322.50
−$20,089.21
Exchange rate
Fee
Recipient gets
Difference
How much more or less the recipient gets against the mid-market rate.
Mid-market rate
–
–
–
Locked-in rate
TapTap SendCheapest
157.0000
$1.99
$1,099,000.00
–
Locked-in rate
Xe
156.6175
$0.00
$1,096,322.50
–
Regency FXNo quote collected this day
–
–
–
–
Exchange rate
Fee
Recipient gets
Difference
How much more or less the recipient gets against the mid-market rate.
Mid-market rate
158.4143
–
$1,108,900.40
Locked-in rate
Regency FXCheapest
157.9866
$0.00
$1,105,906.37
−$2,994.03
Locked-in rate
TapTap Send
157.0000
$1.99
$1,099,000.00
−$9,900.40
Locked-in rate
Xe
156.4002
$0.00
$1,094,801.40
−$14,099.00
Exchange rate
Fee
Recipient gets
Difference
How much more or less the recipient gets against the mid-market rate.
Mid-market rate
158.7206
–
$1,111,043.85
Locked-in rate
Regency FXCheapest
158.2920
$0.00
$1,108,044.03
−$2,999.82
Locked-in rate
TapTap Send
157.0000
$1.99
$1,099,000.00
−$12,043.85
Locked-in rate
Xe
156.6570
$0.00
$1,096,599.00
−$14,444.85
Exchange rate
Fee
Recipient gets
Difference
How much more or less the recipient gets against the mid-market rate.
Mid-market rate
158.6805
–
$1,110,763.50
Locked-in rate
Regency FXCheapest
158.2521
$0.00
$1,107,764.44
−$2,999.06
Locked-in rate
TapTap Send
157.0000
$1.99
$1,099,000.00
−$11,763.50
Locked-in rate
Xe
156.7557
$0.00
$1,097,289.90
−$13,473.60
Exchange rate
Fee
Recipient gets
Difference
How much more or less the recipient gets against the mid-market rate.
Mid-market rate
158.5933
–
$1,110,153.08
Locked-in rate
Regency FXCheapest
158.1651
$0.00
$1,107,155.67
−$2,997.41
Locked-in rate
TapTap Send
157.0000
$1.99
$1,099,000.00
−$11,153.08
Locked-in rate
Xe
156.7458
$0.00
$1,097,220.60
−$12,932.48
Exchange rate
Fee
Recipient gets
Difference
How much more or less the recipient gets against the mid-market rate.
Mid-market rate
158.5933
–
$1,110,153.08
Locked-in rate
Regency FXCheapest
158.1651
$0.00
$1,107,155.67
−$2,997.41
Locked-in rate
TapTap Send
157.0000
$1.99
$1,099,000.00
−$11,153.08
Locked-in rate
Xe
156.7458
$0.00
$1,097,220.60
−$12,932.48
Exchange rate
Fee
Recipient gets
Difference
How much more or less the recipient gets against the mid-market rate.
Mid-market rate
158.3615
–
$1,108,530.38
Locked-in rate
Regency FXCheapest
157.9339
$0.00
$1,105,537.35
−$2,993.03
Locked-in rate
TapTap Send
157.0000
$1.99
$1,099,000.00
−$9,530.38
Locked-in rate
Xe
156.7458
$0.00
$1,097,220.60
−$11,309.78
Exchange rate
Fee
Recipient gets
Difference
How much more or less the recipient gets against the mid-market rate.
Mid-market rate
159.1047
–
$1,113,733.22
Locked-in rate
Regency FXCheapest
158.6752
$0.00
$1,110,726.14
−$3,007.08
Locked-in rate
TapTap Send
157.0000
$1.99
$1,099,000.00
−$14,733.22
Locked-in rate
Xe
156.9335
$0.00
$1,098,534.50
−$15,198.72
Exchange rate
Fee
Recipient gets
Difference
How much more or less the recipient gets against the mid-market rate.
Mid-market rate
159.4045
–
$1,115,831.68
Locked-in rate
Regency FXCheapest
158.9741
$0.00
$1,112,818.93
−$3,012.75
Locked-in rate
TapTap Send
157.0000
$1.99
$1,099,000.00
−$16,831.68
Locked-in rate
Xe
156.6767
$0.00
$1,096,736.90
−$19,094.78
Exchange rate
Fee
Recipient gets
Difference
How much more or less the recipient gets against the mid-market rate.
Mid-market rate
158.3503
–
$1,108,452.11
Locked-in rate
Regency FXCheapest
157.9228
$0.00
$1,105,459.29
−$2,992.82
Locked-in rate
TapTap Send
157.0000
$1.99
$1,099,000.00
−$9,452.11
Locked-in rate
Xe
156.7656
$0.00
$1,097,359.20
−$11,092.91
Exchange rate
Fee
Recipient gets
Difference
How much more or less the recipient gets against the mid-market rate.
Mid-market rate
158.7604
–
$1,111,322.53
Locked-in rate
Regency FXCheapest
158.3317
$0.00
$1,108,321.96
−$3,000.57
Locked-in rate
TapTap Send
157.0000
$1.99
$1,099,000.00
−$12,322.53
Locked-in rate
Xe
156.7360
$0.00
$1,097,152.00
−$14,170.53
Exchange rate
Fee
Recipient gets
Difference
How much more or less the recipient gets against the mid-market rate.
Mid-market rate
158.7136
–
$1,110,995.14
Locked-in rate
Regency FXCheapest
158.2851
$0.00
$1,107,995.45
−$2,999.69
Locked-in rate
TapTap Send
157.0000
$1.99
$1,099,000.00
−$11,995.14
Locked-in rate
Xe
156.8643
$0.00
$1,098,050.10
−$12,945.04
Exchange rate
Fee
Recipient gets
Difference
How much more or less the recipient gets against the mid-market rate.
Mid-market rate
158.7136
–
$1,110,995.14
Locked-in rate
Regency FXCheapest
158.2851
$0.00
$1,107,995.45
−$2,999.69
TapTap SendNo quote collected this day
–
–
–
–
XeNo quote collected this day
–
–
–
–
Exchange rate
Fee
Recipient gets
Difference
How much more or less the recipient gets against the mid-market rate.
Mid-market rate
159.3640
–
$1,115,548.09
Locked-in rate
Regency FXCheapest
158.9337
$0.00
$1,112,536.11
−$3,011.98
Locked-in rate
TapTap Send
157.0000
$1.99
$1,099,000.00
−$16,548.09
Locked-in rate
Xe
156.8643
$0.00
$1,098,050.10
−$17,497.99
Exchange rate
Fee
Recipient gets
Difference
How much more or less the recipient gets against the mid-market rate.
Mid-market rate
158.8437
–
$1,111,905.92
Locked-in rate
Regency FXCheapest
158.4148
$0.00
$1,108,903.78
−$3,002.14
Locked-in rate
TapTap Send
157.0000
$1.99
$1,099,000.00
−$12,905.92
Locked-in rate
Xe
156.6866
$0.00
$1,096,806.20
−$15,099.72
Exchange rate
Fee
Recipient gets
Difference
How much more or less the recipient gets against the mid-market rate.
Mid-market rate
157.7672
–
$1,104,370.06
Locked-in rate
Regency FXCheapest
157.3412
$0.00
$1,101,388.26
−$2,981.80
Locked-in rate
TapTap Send
157.0000
$1.99
$1,099,000.00
−$5,370.06
Locked-in rate
Xe
156.5977
$0.00
$1,096,183.90
−$8,186.16
Exchange rate
Fee
Recipient gets
Difference
How much more or less the recipient gets against the mid-market rate.
Mid-market rate
158.4903
–
$1,109,431.85
Locked-in rate
Regency FXCheapest
158.0623
$0.00
$1,106,436.38
−$2,995.47
Locked-in rate
TapTap Send
157.0000
$1.99
$1,099,000.00
−$10,431.85
Locked-in rate
Xe
156.6866
$0.00
$1,096,806.20
−$12,625.65
Exchange rate
Fee
Recipient gets
Difference
How much more or less the recipient gets against the mid-market rate.
Mid-market rate
158.7835
–
$1,111,484.80
Locked-in rate
Regency FXCheapest
158.3548
$0.00
$1,108,483.79
−$3,001.01
Locked-in rate
TapTap Send
157.0000
$1.99
$1,099,000.00
−$12,484.80
Locked-in rate
Xe
156.7162
$0.00
$1,097,013.40
−$14,471.40
Exchange rate
Fee
Recipient gets
Difference
How much more or less the recipient gets against the mid-market rate.
Mid-market rate
158.6877
–
$1,110,813.80
Locked-in rate
Regency FXCheapest
158.2592
$0.00
$1,107,814.60
−$2,999.19
Locked-in rate
TapTap Send
157.0000
$1.99
$1,099,000.00
−$11,813.79
Locked-in rate
Xe
156.7360
$0.00
$1,097,152.00
−$13,661.79
Exchange rate
Fee
Recipient gets
Difference
How much more or less the recipient gets against the mid-market rate.
Mid-market rate
159.0243
–
$1,113,169.81
Locked-in rate
Regency FXCheapest
158.5949
$0.00
$1,110,164.25
−$3,005.56
Locked-in rate
TapTap Send
157.0000
$1.99
$1,099,000.00
−$14,169.81
Locked-in rate
Xe
156.7360
$0.00
$1,097,152.00
−$16,017.81
Exchange rate
Fee
Recipient gets
Difference
How much more or less the recipient gets against the mid-market rate.
Mid-market rate
158.9508
–
$1,112,655.92
Locked-in rate
Regency FXCheapest
158.5217
$0.00
$1,109,651.75
−$3,004.17
Locked-in rate
TapTap Send
157.0000
$1.99
$1,099,000.00
−$13,655.92
Locked-in rate
Xe
156.7360
$0.00
$1,097,152.00
−$15,503.92
Exchange rate
Fee
Recipient gets
Difference
How much more or less the recipient gets against the mid-market rate.
Mid-market rate
158.4486
–
$1,109,140.10
Locked-in rate
Regency FXCheapest
158.0208
$0.00
$1,106,145.42
−$2,994.68
Locked-in rate
TapTap Send
157.0000
$1.99
$1,099,000.00
−$10,140.10
Locked-in rate
Xe
156.5681
$0.00
$1,095,976.70
−$13,163.40
Exchange rate
Fee
Recipient gets
Difference
How much more or less the recipient gets against the mid-market rate.
Exchange rate
Fee
Recipient gets
Difference
Mid-market rate
158.4486
–
$1,109,140.10
Regency FX
TapTap Send
Xe
Each line shows what the recipient gets when you send $7,000, after fees, as quoted by each company. The mid-market line shows what $7,000 converts to at the real exchange rate, with no fees or markup. Rates are checked once a day. Sponsored placements never affect this data. There are no bank quotes for this period.
Understanding USD/JMD exchange rate
The dashed line is what you'd get at the mid-market rate with no fees, and the blue line is the cheapest option that day.
When the blue line goes above the dashed one, you're getting more JMD per USD than the mid-market rate can offer.
This could be due to money transfer offers, FX rate adjustments, or market competitiveness.
No company, app or bank beat the mid-market rate over the past month, meaning you lose a bit of JMD on every transfer from the US.
Right now, Regency FX pays 1,106,145.42 JMD on 7,000 USD, which is 2,994.68 JMD less than the mid-market amount.
Today's payout isn't the best this month though, since the highest receive amount was 1,114,581.31 JMD.
If you can wait and want to get the most out of your transfer, create a rate alert and we'll let you know when the rate improves.
Cheapest over time
Picking the cheapest money transfer company
Just because a company is the cheapest today doesn't mean it's always the best option for sending money to Jamaica.
We've tracked 240 comparisons to check how often today's top companies were the cheapest across 8 amounts over the past month.
Transfer amount
Locked-in rate
Regency FXAppeared in 35 comparisons
Cheapest every time
Locked-in rate
TapTap SendAppeared in 54 comparisons
Cheapest in 35% of them
Locked-in rate
XeAppeared in 49 comparisons
Never the cheapest
Nov 4Nov 10
Cheapest that dayNot cheapestNo quoteNo data collected
Based on 56 comparisons across 8 amounts over the last 7 days.
Locked-in rate
Regency FXAppeared in 149 comparisons
Cheapest every time
Locked-in rate
TapTap SendAppeared in 235 comparisons
Cheapest in 33% of them
Locked-in rate
XeAppeared in 208 comparisons
Cheapest in 5% of them
Oct 12Nov 10
Cheapest that dayNot cheapestNo quoteNo data collected
Based on 240 comparisons across 8 amounts over the last 30 days.
Locked-in rate
Regency FXAppeared in 274 comparisons
Cheapest every time
Locked-in rate
TapTap SendAppeared in 538 comparisons
Cheapest in 33% of them
Locked-in rate
XeAppeared in 452 comparisons
Cheapest in 11% of them
Aug 13Nov 10
Cheapest that dayNot cheapestNo quoteNo data collected
Based on 545 comparisons across 8 amounts over the last 90 days.
Is the cheapest money transfer company always the best?
Different companies can come out cheapest depending on the day and the amount you send.
To keep things fair, we only count the comparisons each company appeared in, and only analyze companies that appeared in at least 50% of all comparisons (so occasional cheapest options don't skew it).
Today Regency FX is the cheapest and gets you the most JMD, and it was also the cheapest in 100% of the 149 comparisons it appeared in over the past month.
It's a good pick for both one-off and regular transfers to Jamaica.
TapTap Send (today's second cheapest) was the cheapest in only 33% of its comparisons, so it's rarely the cheapest option for transfers to Jamaica.
Ways to send money from the US to Jamaica
There are 5 companies available for sending money from the US to Jamaica, across app, online, currency broker, in person, multi-currency account, and global business account, and more.
For regular transfers home
Money transfer apps
If you send a few hundred dollars home every payday, an app is usually the cheapest way and the least work.
TapTap Send charges $0 on a $7,000 transfer with 0.92% markup, saves your recipient's details for next time, and JMD arrives in minutes.
Over the past month, TapTap Send was the cheapest app on 83% of the days it appeared for $7,000 transfers.
Funding from a US bank account or debit card avoids the 1% federal tax that applies to cash-funded transfers.
Sending without a US bank account
Cash & in-person transfers
Paying in cash at an agent can work without a US bank account.
The ID accepted depends on the company and the amount, so check before visiting if you do not have an SSN.
Hand $7,000 to a MoneyGram agent in the US, and your recipient will get 1,085,492.10 JMD in minutes - 24 hours.
Our data shows MoneyGram came out cheapest among in-person options on 100% of days in the past month.
However, transfers funded with cash or a money order carry a 1% federal tax since January 1, 2026. To avoid it, fund with a debit card or bank account instead (most agents take both).
For one-off transfers
Online transfers
For a one-off transfer, an online service funded from your checking account is usually the cheapest way to send money to Jamaica.
Of all online companies listed here, Xe gets you the most JMD per USD.
On a $7,000 transfer, you will get 1,095,976.70 JMD after a $0 fee and 1.19% markup.
In our comparisons over the past month, it was the cheapest online service on 29 of the 29 days it quoted.
But, bank funding (ACH) takes 1 to 3 business days to clear, while debit cards (and Google Pay/Apple Pay) are usually instant but cost a bit more.
For transfers over $10,000
Currency brokers
For large transfers to Jamaica (e.g. a property purchase, tuition, or moving to Jamaica), a broker like Regency FX charges no fee, gives you a dedicated account manager, and adds 0.27% markup on USD/JMD that gets lower the more you send.
Our analysis shows Regency FX was the cheapest broker in 100% of the transfers from $5,000 it quoted.
It's also good to check Wise since you get a bulk discount on transfers over $25,000 (per month).
Business payments from the US
Global accounts
Global accounts are for US businesses paying people abroad.
Companies like Airwallex, WorldFirst, or Payoneer handle the recurring and batch payments, invoicing, tracking, and more.
Holding & spending currencies
Multi-currency accounts
A multi-currency account like Wise is the best for holding and receiving JMD.
This is useful for traveling to Jamaica, building up JMD balance, or receiving payments in JMD.
Wise converts $7,000 at -0.12% markup plus small fee and holds the JMD until you spend it.
Over the past month, it came out cheapest among multi-currency accounts on 100% of days.
Ways to fund USD and receive JMD in Jamaica
With Regency FX, paying by bank transfer and receiving through bank deposit is the cheapest combination. Sending $7,000 gives your recipient 1,106,145.42 JMD.
Deposit USD by bank transfer, debit card, credit card, and cash deposit.
The simplest way is to pay from your US checking account
Pay by bank transfer using your routing and account numbers.
An ACH payment is usually cheaper than a card, but it may take some time for it to clear before a money transfer company can send the money to Jamaica.
You can deposit cash
You'll need to visit the nearest MoneyGram branch and hand over $7,000.
MoneyGram is the cheapest option and will get you 1,085,492.10 JMD on a $7,000 transfer after fees.
Transfers funded with physical cash are subject to the 1% US remittance transfer tax, but funding from a US bank account or with a US-issued debit or credit card is exempt.
Zelle and Cash App only send money within the US, so neither can send money to Jamaica.
Your recipient in Jamaica can collect JMD through bank deposit, card deposit, cash pickup, and mobile money.
They can collect cash in Jamaica
Your recipient can collect JMD from a participating MoneyGram location in Jamaica.
They should take a valid photo ID and the collection reference, and check that the name on the transfer matches their ID.
1
Bank transfer→Bank deposit
You pay $7,000.00
J$1,106,145
Cheapest
2
Debit card→Bank deposit
You pay $7,001.99
J$1,099,000
-J$7,145
3
Debit card→Cash pickup
You pay $7,001.99
J$1,099,000
-J$7,145
4
Debit card→Mobile money
You pay $7,001.99
J$1,099,000
-J$7,145
5
Debit card→Card deposit
You pay $7,001.99
J$1,099,000
-J$7,145
Show moreShow less
6
Credit card→Bank deposit
You pay $7,177.99
J$1,085,483
-J$20,662
7
Cash deposit→Cash pickup
You pay $7,005.59
J$1,082,134
-J$24,011
8
Bank transfer→Card deposit
You pay $7,074.99
J$1,081,737
-J$24,408
9
Bank transfer→Cash pickup
You pay $7,003.99
J$1,078,267
-J$27,878
10
Credit card→Cash pickup
You pay $7,179.99
J$1,078,267
-J$27,878
Things to consider before sending USD to Jamaica
The way you fund the transfer now affects the tax, while US law gives you specific rights if something goes wrong.
1
Find the right USD/JMD company
Cheapest way to send money to Jamaica
The cheapest option is Regency FX, funded by bank transfer with bank deposit for the payout. Your recipient gets 1,106,145.42 JMD, which is 0.65% more than the next best option.
Fastest way to send money to Jamaica
The fastest option is TapTap Send. Pay by debit card and choose bank deposit for the payout. Your recipient gets 1,099,000 JMD, with the money arriving in minutes.
2
Cash-funded transfers now carry a 1% tax
Since January 1, 2026, a 1% federal tax applies when an international transfer is funded with cash, a money order, a cashier's check or a traveler's check.
Funding from a US bank account, including ACH, or with a US-issued debit or credit card is exempt.
The rule applies to how you pay in, so your recipient can still collect cash without triggering the tax.
3
The $10,000 rule is not a transfer limit
There is no federal cap on how much of your own money you can send electronically abroad.
Your bank or transfer company can set its own limit and ask for proof of where a large or unusual payment came from.
Cash reports and the declaration for physically carrying more than $10,000 across the US border are separate rules.
Do not split cash transactions to avoid a report.
4
You normally have 30 minutes to cancel
The US Remittance Transfer Rule requires a covered company to show the exchange rate, fees and expected amount received before you pay.
You can normally cancel within 30 minutes at no charge, provided the money has not been deposited or collected.
You also have error-resolution rights if the wrong amount arrives or the transfer never turns up.
For transfers over $10,000, Regency FX is the best option.
It offers the best exchange rate, which is more important than the fee for large transfers to Jamaica.
While Regency FX may not always be the cheapest or fastest way to send JMD, they offer years of experience, and will offer you the peace of mind you need when sending large amounts abroad.
How we analyze the market
We track, save, and analyze the cost, speed, and product offerings of the leading money transfer services available between Jamaica and the United States.
We work with leading money transfer companies to provide real time fees and exchange rates. In the past 30 days alone, we analyzed 240 comparisons across 8 amounts.
This page covers the cheapest and fastest options for USD/JMD transfers. This is how we pick them:
Cheapest: the company that gets your recipient the most, after fees and the exchange rate. On a tie, live pricing from the company takes priority over the rates we collect by hand.
Fastest: the company with the shortest estimated delivery time once you’ve paid. On a tie, the one that pays out more takes priority.
For a deeper understanding of our commitment to integrity and transparency, check out these articles:
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