Options and Facts on How to Send Money to Jamaica by Alex Makarski

Of the fifteen countries in the Caribbean Community (CARICOM), citizens send funds to Jamaica more than any other nation. It was documented that over $1.97 billion dollars was remitted in 2007. This figure is unbelievably high for a population of only 2.8 million people. Those who send funds to Jamaica make up 39% of the populace. The means people choose to send funds to Jamaica becomes increasingly pertinent.


Jamaican travelers account for more than 1,037,599 migrants worldwide. A majority of the people sending money to Jamaica come from the United States ($1.05 billion), the United Kingdom ($500 million), Cayman Islands ($152 million), and Canada ($136 million). It is estimated that as much as 800,000 migrants reside in the US. The precise number is hard to track because of the high number of illegal aliens and a lack of response to the US Census. Newly, the amount of payout dramatically decreased when the United Kingdom started requiring the presentation of identification for all remittances under 500 Great British Pounds.


Now, the Jamaican migrants are greatly concentrated in New York and Miami. The Northeast region holds 59% of migrants, while the South accounts for 30% of migrants. There are Jamaican groups in every city in America.

br<>Jamaican migrants tend to be quite educated, with over 82% having postsecondary education. Migrant households in the United States show a high instance of female employment. Usually, Jamaicans have as many as 2-3 money earners in their home. A large number of migrants work in health care or the service industry. On average, people send funds home every month in the total of $200-$300. The sum tends to vary during specific times of the year.


In the past, the cost of sending funds to Jamaica has been close to 10%. With current technology available for Internet money transfer, institutions can now offer reusable ATM cards that Jamaicans can use to send money with a cost as low as $5 for every $100 transferred.


The dispatcher merely puts funds on the debit card that is then sent to the receiver via a rapid mail service. They can recharge and check balances online or by utilizing an associated 1800 company telephone number. With over 300 ATMs locations in over 70 cities, you can send money to Jamaica with convenience, safety and low costs, any time you choose.

About the Author

ATMCASH is making everyone able to send and receive money internationally. It is easy, convenient, and the best value when sending money across the country or across the world. We ship ATMCASH cards to over 150 countries worldwide. Transfer Money to Jamaica


Internet BanksBusiness Bank AccountsAbbeynational BankingInternet BankTesco BankingHome BankingCheap MortgageAbbey BankingBusiness DirectoriesBanking Kioskre financeuk bank accountLloyds Business AccountMortgageCibc Internet BankingInternet BankingBanking SoftwareUK Bank AccountsMortgage BankingHalifax Business BankingFinancial AdviceOnline BankBankingIntelligent FinancemorgagesDebt ConsolidationLegal HelpLife InsuranceAthleticsFor Sale by OwnerBeautyMusic
Ads by affinity
Internet BanksBusiness Bank AccountsAbbeynational BankingInternet BankTesco BankingHome BankingCheap MortgageAbbey BankingBusiness DirectoriesBanking Kioskre financeuk bank accountLloyds Business AccountMortgageCibc Internet BankingInternet BankingBanking SoftwareUK Bank AccountsMortgage BankingHalifax Business BankingFinancial AdviceOnline BankBankingIntelligent FinancemorgagesDebt ConsolidationLegal HelpLife InsuranceAthleticsFor Sale by OwnerBeautyMusic