How to send money to the Cayman Islands
Discover how to make a money transfer to the Cayman Islands at the best KYD rate in a few easy steps
1. Check the KYD interbank exchange rate against your sending currency
Even though the evolution of the exchange rate is fluctuating, it is a good idea to monitor it so that you can optimize how much the recipient of your transfer will receive. Keep track of the exchange rate and make your transfer when the KYD rate gets to a specific level.
2. Select the most interesting deal by comparing the available options.
We compare quite a few services able to send money to the Cayman Islands, such as TransferWise, Western Union, MoneyGram, Xendpay, WorldRemit. You will save big by comparing them all and select the most competitive one for your money transfer.
3. Select the best money transfer company for your personal needs
What is the most important for you? Overall cost, speed, customer ratings? Examine the advantages and disadvantages before selecting the provider.
In addition, you may want to take into account the pay-in/out methods. Transferring money from your e-banking or via your debit or credit card are the most often available payment methods to send money to the Cayman Islands online. At the other end, in Cayman Islands, you often have to decide if you want the converted amount to be sent directly to the recipient's bank account or available for pick-up in cash at an agent location.
4. Sign up and get started wih your transaction with the provider of your choice
Now is the time to complete the sign-up form on the money transfer provider's homepage (you most of the time have to upload some information to prove your identity), and provide the details of your money transfer to the Cayman Islands.