Compare money transfers to the Cayman Islands

The Best Services to transfer money to the Cayman Islands

Use of advanced technology and internet has led to the establishment of many banking systems and financial providers in the Cayman Islands. Many financial companies, including Western Union, MoneyGram, TransferWise, Bank Transfer, CurrencyFair, and Xendpay, help people to send money to their friends or business partners globally. So, if you are planning to send money to your recipient in the Cayman Island, then continue reading this article.

What are the different ways of transferring money to the Cayman Islands?

There are many ways you can use to send the money to any person living in foreign countries. Such methods include;

• Online Money Transfer: Most people across the world use various online money transfer systems to transfer their money to recipients in the Cayman Island because they are easy, faster, and reliable methods. The money takes shorter time to reflect in the recipients’ accounts. Examples of these online payment systems include PayPal, MoneyBooker, and Xendpay.
• Bank Transfer: It is the most preferred methods among many people across the world. This is because it is not only secure and reliable but also convenient. After initiation payment, it takes about one or two business days for the money to reflect on the recipient’s account. Since there are many bank and financial providers offering financial services and products to people living in the Cayman Islands, it is easy for the recipients to access their money immediately it is credited in their bank accounts.
• Credit Cards: Nowadays, many institutions accept credit cards. This has made it to be the most effective and easiest way of paying for goods or sending money to any person living in the country. It is very easy and convenient to use the cards. Although it takes a few minutes for the money to reflect in the recipients’ account, financial advisors are against the use of these credit cards. They assert that most people, particularly those who are careless and irresponsible, have lost their money as they find themselves sending money to the wrong person.
• E-Transfer: It is the fastest, safest, and convenient way of sending money to any person in foreign country using online banking systems. The transfer of money using this method is always instant but sometimes take up to thirty minutes depending on the factors; your location and the type of bank or credit union you are using. However, to use this method, you are required to have the phone number and email address of the recipient and also create a security question to ensure the money goes to the right person.

Which service should you use to send money to the Cayman Islands?

Bank transfer is the most reliable, secure, and convenient method. It only takes two-to-three days for the recipient to get the money. We also believe you should use this method because there are many different types of banks in the country. When compared to other methods, bank transfer has a lower processing fee per transaction and does not have any hidden charges.

How much does it cost to send money to the Cayman Islands?

When transferring 1000 dollars to the Cayman Islands, the amount received is 833.00 KYD in Remitly. You can also receive a money transfer from MoneyGram for the amount 814.80 KYD.

2215.48 KYD - will be received by transferring 1000 pounds to the Cayman Islands via Western Union. Or it is possible to recieve a transfer for 1096.20 KYD with Remitly.

Our Advantages

For many years, we have been offering financial services, including money transfer services, to people who want to send money to foreign countries. Our system is transparent, reliable, and secure. Lastly, we do not disclose any of our customer information at any time.