Follow These Steps to Send Money to Trinidad and Tobago like an Expert

How to send money to Trinidad and Tobago

Pay a fair price when you send money to Trinidad and Tobago by comparing money transfer companies.

When you need to get money to a loved one overseas, the last thing you want to have to do is navigate a potentially complicated and expensive process.

Sending money from the U.S. to Trinidad and Tobago doesn’t have to be expensive. From bank transfers and online transactions to options that allow recipients to collect your funds within minutes, there are many affordable options. Compare the transfer fees and exchange rates to get the best deal.

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    Use our comparison calculator to assess transfer fees, exchange rates and other details for sending funds to Trinidad and Tobago with our money transfer partners.

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    Min. Transfer Amount Transfer Speed Online Transfer Fee Rate Services Amount Received Description CTA Details
    USD 1,000 1 day USD 0.00 6.708 Online, Phone, Bank Account to Bank Account TTD 33,539 Exclusive offer: $0 transfer fee
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    USD 1 3 - 5 days - - Online, Phone, Bank Account to Bank Account, Cash Transfer No fees for bank account transfers and cash pickup at 240,000 locations in 130+ countries. Go to site Show details

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    Sending money to Trinidad and Tobago

    When sending money to Trinidad and Tobago, you’ll usually need to create a free account with a money transfer provider. The process varies by company, but generally requires you to provide your name, contact information and proof of identity. If you’re not paying for your transaction with cash, you’ll also provide your banking info in order to have the funds withdrawn from your account.

    Once you’ve selected a payment option and entered the full details of your transfer, you’ll make your transaction and wait for the funds to be delivered. You’ll most likely receive a reference number or receipt that you can use to track the progress of your transfer.

    How do international money transfers work?

    An international money transfer allows you to send money to friends, family and businesses overseas. Generally, it involves you sending cash or money from your bank account to an intermediary transfer service or bank, which then exchanges and sends the money to your recipient in another country — in this case, Trinidad and Tobago.

    Depending on the provider, you can initiate a money transfer in person, online or by phone. Your cash or bank account transfer is then either deposited into your recipient’s bank account or made available as cash for pickup at a location in their country.

    Banks vs. money transfer companies

    Some major U.S. banks offer the option to send funds to Trinidad and Tobago, but they typically charge high transfer fees and offer exchange rates that are significantly lower than the mid-market rate — or the rate banks and transfer providers use when trading among themselves.

    A reputable money transfer specialist can offer better exchange rates and also charge lower fees, saving you money and putting more Trinidad and Tobago dollars into your recipient’s pocket.

    Case Study: Henry sends money to Trinidad and Tobago

    Jasmine has waved good-bye to her parents in Trinidad and Tobago to settled in the U.S. To thank her family for their support for her education, she wants to send a $1,000 gift. Jasmine compares the fees, rates and options of two independent online money transfer providers to find the better deal.

    Money transfer company A
    Money transfer company B
    Exchange rate1 USD = 6.13 TTD1 USD = 6.20 TTD
    Transfer fee$7$70 for cash within minutes at an agent location; $8 for bank account transfer
    Transfer speed
    1 business dayCash pickup within minutes; 4–8 business days for account deposit
    Transfer options
    Bank account depositBank account deposit, cash at agent location
    Total yuan received
    6,130 TTD6,200 TTD

    Jasmine learns that fees vary widely depending on how her transfer is delivered, and that a small shift in exchange rates can mean a big difference in what her family receives. By going with Money Transfer Service A, Jasmine will save on transfer fees, but she’d deposit 70 more yuan into her parents’ account by taking advantage of the rate offered by Money Transfer Service B. And if it’s speed she’s looking for, only Money Transfer Service B offers cash pickup in minutes.

    Ultimately, Jasmine will need to weigh the importance of fees, rates and speed for her transfer to determine which provider best suits her needs.

    How to compare transfer companies when transferring money to Trinidad and Tobago

    • Exchange rates. Nearly all providers skew exchange rates for a profit. Compare the rate you’re offered to the mid-market rate — the rate banks and transfer services use when they trade among themselves — and look for the smallest margin between them.
    • Transfer fees. Find out whether the provider charges a flat fee or a percentage of your transfer. If you’re sending a large amount, ask whether you qualify for a fee-free transfer.
    • Transfer speed. If it needs to get there fast, companies like Western Union and MoneyGram allow for quick cash pickups, often in minutes. If you have more time, you’ll get better rates and fees with an independent provider.
    • Transfer limits. Your best option might depend on how much you want to send. For large transfers, weigh the best exchange rate — especially since providers encourage large transfers by offering low fees. For smaller amounts, consider the fees you’ll pay on top of the exchange rate.
    • “Hedging” options. Ask whether you can schedule payments ahead of time or protect your transfer against market fluctuations with a limit order or forward contract.
    • Customer service. Most companies offer customer service by internet chat, phone, in person or by email. Make sure help will be available if you need it.

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    Foreign exchange rates explained

    The exchange rate determines how much one country’s currency is worth in another currency. When a country’s currency is strong, it yields more money when exchanging it in a country with a weak currency. Most countries’ exchange rates are flexible, which means they can change from moment to moment. Factors that influence the exchange rate include interest rates, economic stability and inflation.

    What are the ways that I can send money to Trinidad and Tobago?

    • Bank transfers. Some major U.S. banks will allow you to wire money to banks in Trinidad and Tobago.
    • Money transfer providers. It’s simple and convenient to send an online money transfer to Trinidad and Tobago from the comfort of your home.
    • Providers with cash pickup. Companies like Western Union and MoneyGram offer the option of sending funds that can be picked up from agent locations across Trinidad and Tobago.
    • PayPal. Electronic payment giant PayPal allows you to send money from the U.S. to Trinidad and Tobago.
    • Checks and money orders. Although not a quick option, you could send an international check overseas, obtained from your bank or the U.S. Postal Service.
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    Mobile top-ups

    Many companies that we use for money transfers in the States offer “reload” services for prepaid credit cards and mobile plans that make it easy to convert cash into communication — often within minutes.

    If you need to send minutes to a prepaid phone in Trinidad and Tobago — whether for you or a loved one — consider online providers WorldRemit and Xoom. To add minutes at an agent location, standbys Western Union, MoneyGram and Ria are an option.

    Emergency cash transfers to Trinidad and Tobago

    You might need to send an emergency cash transfer to Trinidad and Tobago — for example, if a friend traveling through the country loses their wallet. When you need to transfer funds urgently, your fastest possible transfer will often be your most expensive option. Carefully review the exchange rate and transfer fee against your needs so that you understand exactly how much it will cost you.

    Receiving cash in Trinidad and Tobago

    Western Union, MoneyGram and Ria provide the three largest money transfer networks in the world, with thousands of agent locations around the globe. You’ll need to pass your transaction reference number on to your recipient to allow them to pick up their funds. They’ll also need to bring along a photo ID.

    Find a money transfer location near you

    Tips for picking up cash in Trinidad and Tobago

    Take care of your personal belongings and be wary of your surroundings at all times, especially if you’re carrying cash and valuables. You can reduce the risk of theft by travelling in a group. Your hotel may also be able to assist you by providing an escort if you’re travelling to collect a large amount of cash.

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