Sending money to Jordan doesn’t have to break the bank. Whether you’re supporting family, paying for services, or managing business transactions, finding the cheapest way to send money to Jordan can save you significant fees and maximize the amount your recipient gets. This guide breaks down the most affordable methods, compares exchange rates, and answers common questions to help you make informed decisions.
Why Finding Affordable Transfers to Jordan Matters
Jordan’s economy relies heavily on remittances, with millions sent annually from abroad. High fees and poor exchange rates can eat into these crucial funds. By choosing cost-effective providers, you ensure more money reaches your loved ones or business partners.
Top 5 Cheapest Ways to Send Money to Jordan
1. Online Money Transfer Services
Companies like Wise, Remitly, and WorldRemit often offer lower fees than traditional banks. Benefits include:
– Mid-market exchange rates (no hidden markups)
– Transparent fees starting as low as 0.5%
– Fast transfers (often within 1 business day)
2. Mobile Wallets
Services like Umniah Mobile Wallet and Zain Cash allow direct transfers to Jordanian phone numbers. Advantages:
– Instant transfers
– Low or zero fees for small amounts
– No bank account required for recipients
3. Peer-to-Peer (P2P) Platforms
CurrencyFair and Revolut use P2P matching to reduce costs:
– Fees up to 75% cheaper than banks
– Flexible transfer timing for better rates
– Multi-currency account options
4. Traditional Bank Transfers
While generally more expensive, some banks like Arab Bank offer competitive rates for large transfers:
– Secure for amounts over $10,000
– Branch pickup available
– Fixed fees instead of percentage-based charges
5. In-Person Cash Transfers
Western Union and MoneyGram remain popular for cash pickups:
– Over 500+ locations in Jordan
– Promotions for first-time users
– Instant availability
How to Get the Best Exchange Rates
Follow these tips to maximize your transfer:
– Compare real-time rates on comparison sites like Monito or SendMoney
– Avoid weekend transfers (banks often add weekend premiums)
– Use limit orders to lock in favorable rates
– Split large transfers to stay under regulatory thresholds
Hidden Costs to Watch For
Even ‘free’ services may have hidden charges:
– Recipient bank fees (3-15 JOD common)
– Currency conversion markups (up to 4% at banks)
– Payment method fees (credit cards often add 3%)
FAQ: Sending Money to Jordan Affordably
Q: What’s the cheapest app to send money to Jordan?
A: Wise typically offers the lowest overall costs, with fees averaging 0.7% + fixed JOD 1.5 receiving fee.
Q: Are there transfer limits to Jordan?
A: Most services allow up to $50,000/month. Jordanian regulations require documentation for transfers over $10,000.
Q: How long do transfers take?
A: Digital wallets: Instant
Online services: 0-2 days
Banks: 3-5 business days
Q: Can I send money to a Jordanian mobile wallet?
A: Yes! Services like Orange Money Jordan allow direct top-ups from abroad at 1-2% fees.
Q: Do all providers show total costs upfront?
A: No – always check both the transfer fee and exchange rate margin. Some advertise ‘$0 fees’ but add poor rates.
Final Tips for Saving Money
– Time transfers between Tuesday-Thursday when rates are most stable
– Bundle multiple payments into one transfer
– Opt for local currency withdrawal to avoid double conversion
By using these strategies and comparing providers, you can consistently find the cheapest way to send money to Jordan while ensuring fast, secure delivery.
