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The cost of moving money
April 22, 2026
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Commentary
On Tuesday afternoon, one of Jamaica’s major commercial banks notified customers that it will introduce a fee of $19.55, including GCT, for outgoing ACH transfers effective June 1, 2026, a service that had previously been a free service for many of its customers. The change is modest in isolation. In context, it reflects a broader recalibration of how everyday banking is being priced across Jamaica.
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The cost of moving money
On Tuesday afternoon, one of Jamaica’s major commercial banks notified customers that it will introduce a fee of $19.55, including GCT, for outgoing ACH transfers effective June 1, 2026, a service that had previously been a free service for many of its customers. The change is modest in isolation. In context, it reflects a broader recalibration of how everyday banking is being priced across Jamaica.
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