How to Find the Cheapest Way to Send Money to Jordan
Sending money to Jordan doesn’t have to break the bank. With the right service, you can save significantly on fees and exchange rates. This guide compares the top affordable options, highlights hidden costs to avoid, and shares tips to maximize your savings.
Factors That Affect the Cost of Sending Money to Jordan
Before choosing a provider, consider these key factors:
- Exchange Rates: Services like Wise use the mid-market rate, while others add margins.
- Transfer Fees: Flat fees or percentages vary widely between providers.
- Transfer Speed: Instant transfers often cost more than slower options.
- Payment Methods: Bank transfers are usually cheaper than credit/debit cards.
Top 5 Cheapest Ways to Send Money to Jordan in 2024
- Wise
- Low fees starting at 0.43%
- Mid-market exchange rate
- Best for transparent pricing
- WorldRemit
- No fees on first transfer
- Competitive rates for bank deposits
- Remitly
- Economy option with 0% fees for large transfers
- Cash pickup available nationwide
- XE Money Transfer
- No transfer fees for large amounts
- Real-time rate alerts
- Traditional Banks
- Only cost-effective for high-value transfers
- Slower processing times
6 Tips to Save More on Transfers to Jordan
- Compare multiple providers using tools like Monito or MoneyTransfer.
- Avoid dynamic currency conversion (DCC) to prevent hidden markups.
- Time your transfer to benefit from favorable rate fluctuations.
- Send larger amounts less frequently to minimize per-transfer fees.
- Use referral codes or sign-up bonuses for discounted first transfers.
- Opt for local currency payout to bypass receiver fees.
FAQ: Sending Money to Jordan Affordably
1. Which service has the lowest fees for small transfers?
Wise and WorldRemit offer the best rates for transfers under $1,000.
2. Are there hidden costs?
Watch for intermediary bank fees (avg. $15) and recipient charges in Jordan. Always confirm the total cost upfront.
3. How long do transfers take?
Digital services: 0-24 hours. Banks: 3-5 business days.
4. Is cash pickup cheaper than bank deposits?
No – bank deposits typically save 1-3% in fees compared to cash collections.
5. Are there transfer limits?
Most providers allow $3,000-$10,000 daily. For larger amounts, use XE or banks.
Final Thoughts
For most users, Wise and WorldRemit provide the cheapest way to send money to Jordan. Always verify the total cost (fees + exchange rate margin) before transferring. Bookmark rate comparison tools and set rate alerts to optimize timing.
