Overall best way: HSBC
HSBC scored the highest of the 1 money transfer companies supporting ZAR to JMD transfers.
In total, HSBC appeared in 100% of South Africa to Jamaica searches.
For a great mix of cost, speed & features, we advise using HSBC for your South Africa to Jamaica transfer.
How to compare deals on South Africa to Jamaica money transfers
Considerations for sending money from South Africa to Jamaica
Always compare ways to send money from South Africa to Jamaica to get the best options for fees, speed, and reliability.
Our analysis included 1 providers that operate between South Africa and Jamaica.
Through this, you get a comprehensive view of all the options you have in South Africa when you need to send money to Jamaica.
Cheapest way to send money from South Africa to Jamaica:
On average, fees were 10* ZAR per transfer and customers would expect an exchange rate between ZAR-JMD that is % different to the mid-market rate
Against the others tested, is 0% cheaper than the second-best option.
To secure a cheap way to transfer ZAR to Jamaica, is our recommendation.
*The most common fee applied to ZAR-JMD by , based on data from the past six months.
Fastest way to transfer money to Jamaica from South Africa: HSBC.
HSBC was the quickest way to send Rand to Jamaican Dollar in 100% of searches. For fast transfers between ZAR and JMD, HSBC comes highly recommended.
When using HSBC to send money from South Africa to Jamaica you can expect an average fee of 10 ZAR. Although we would recommend comparing the amount you want to send.
When testing the 'fastest' options we compared 1 money transfer providers. To test overall speed of sending money from South Africa to Jamaica we included the timeframe for depositing Rand to a money transfer account and average transfer times to Jamaica.
When sending money to Jamaica from South Africa quickly is a priority, HSBC is our recommended choice.
Transferring large sums of money
Of the 1 money transfer companies tested, HSBC is the strongest option for large transfers from South Africa to Jamaica.
Reasons for sending large sums of money vary and include business or property purchases. But whatever the reason, sending large amounts of money from South Africa to Jamaica can become expensive through your bank or with the wrong provider.
HSBC is our choice for sending large sums of money to ZAR because they offer a strong all-round product.
Understanding the cost of sending money to Jamaica from South Africa
The cost of sending money from Jamaica to Jamaica, is made-up of a combination of fees and exchange rates:
The Mid-Market and Exchange Rates: The mid-market rate determines a mid-price for buying currency. The current mid-market rate from ZAR-JMD is 8.5034 JMD per Rand.
Finding a provider offering an exchange as close to 8.5034 as possible will ensure more Jamaican Dollar received when transferring.
For context, the ZAR-JMD mid-market rate for the past three months has averaged 8.9817 JMD per Rand. This includes a high of 8.9817, and low of 8.9817.
HSBC currently offers the best exchange rate on transfers from South Africa to Jamaica.
For the most part the ZAR-JMD exchange rate you receive is the biggest factor impacting the cost of sending ZAR to Jamaica.
Fees: Outside of exchange rates, you may need to pay a fee to send. HSBC currently offers the lowest fees on transfers to Jamaica from South Africa, averaging 10 ZAR over the last 6 months. Although this does include large transfers as well, we recommend searching for your exact send amount for an exact fee.
Amount Received: The amount received in Jamaican Dollar is the amount you started with, minus the amount you paid in the exchange and fees.
The better deal you get on exchanging Rands to JMD, paired with a low fee, means a higher total amount received in Jamaica.
Getting best exchange rate for transfers between Rand and Jamaican Dollar
Timing is essential for transferring money between ZAR and JMD. The exchange rate you secure impacts how much JMD you get for your ZAR.
The recent trends between the currencies are:
Over the past six months, the mid-market rate from ZAR to JMD has moved slightly. On average, it was 8.9817.
During this same period,there was a high of 8.9817, and a low of 8.9817.
HSBC, which is our recommended service to send money online from South Africa to Jamaica offers an exchange rate that is only 3.25% above the mid-market rate.
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Payment methods available to fund your South Africa to Jamaica transfer
How we analyze the market
We track the cost, speed, and product offerings of the leading money transfer services available between Jamaica and South Africa.
Our comparison engine and algorithms evaluate providers based on over 25 factors, including transfer fees, ease of use, exchange rates, mobile apps, transfer times & customer support.
We also consider how these services are rated on platforms like TrustPilot, AppStore, and Google Play, giving you a comprehensive view of what to expect.
This thorough analysis helps you get the best available deal - every time you want to move money from South Africa to Jamaica.
We also provide unbiased and detailed reviews of all the top money transfer companies. You can use these reviews to send ZAR to JMD.
For a deeper understanding of our commitment to integrity and transparency, we invite you to read our editorial policy document.