Need to transfer money to Jamaica? Considering a wire to transfer the money to Jamaica? Before you visit your financial institution to do it, make sure you check the wire transfer fees. You might get a shock how much the costs will be and depending on the amount of the transfer, it might not be worth sending the money by bank wire transfer to send the money using another method.
What can make it worse is in addition to your bank adding a fee for sending the funds to a place in Jamaica, the recipient getting the transfer of money will most likely also be charged a fee from their bank. One way to reduce the likelihood of this charge is to remit the international wire transfer in the currency of their account.
To process a bank wire transfer to Jamaica, you may require a SWIFT code. These are different for each financial institution and are based on a number of things including the country and individual bank.
SWIFT Country Code
Central Bank Name
Bank of Jamaica