How to send money to Trinidad and Tobago

Compare money transfer companies to be sure you get the best deal when sending money to Trinidad and Tobago.

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If you’re looking to send money to either island of Trinidad and Tobago, it might be hard to find out how to get the most out of your dollar. By comparing money transfer companies, you can be sure that the exchange rate you receive will help a friend or family member living overseas get the largest amount of TTD per USD sent.

XE Money Transfer

XE Money Transfer

XE specializes in a wide range of foreign currency solutions and offers an affordable solution when you need to send money overseas.

  • Send money to 200+ countries.
  • Competitive exchange rates that are often better than banks.
  • Transfer up to $500,000 online.
  • See exchange rates in real-time.

    Compare international money transfers

    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.

    Min. Transfer Amount Transfer Speed Online Transfer Fee Rate Amount Received Description CTA Details
    USD 1 1 - 2 days USD 0.00 6.729 TTD 3,365 Offering no maximum and no minimum limit transfers with $0 fees. Go to site Show details
    USD 1 Same day USD 1.00 6.628 TTD 3,307 No fees for bank account transfers and cash pickup at 240,000 locations in 130+ countries. Go to site Show details

    Compare up to 4 providers

    Disclaimer: Exchange rates change often. Confirm the total cost with the provider before transferring money.

    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 If you’re not paying for your transaction with cash, you’ll also provide your banking info in order to have the funds withdrawn from your account.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.

    Steps to sending money to Trinidad and Tobago

    Sending money to Trinidad and Tobago can be quite easy. Follow these steps to keep the process simple and pain-free.

    1. Choose a money transfer service from our comparison table above.
    2. Compare the exchange rates, fees and delivery speeds.
    3. Click the Go to Site link to register with the provider.
    4. Fill out the form with your and your recipient’s personal information.
    5. Save your tracking number and receipt to make sure your transfer goes smoothly.

    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.

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    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.

    Foreign exchange rates explained

    Finding the best exchange rate relies on looking at global trends. When compared to money from the US, a Trinidad and Tobago Dollar (TTD) may be worth more or less depending on the time of year, economy of both countries and the political climate around the world.

    You can see the daily rates between USD and TTD here

    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.

    Mobile Top-Offs

    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.

    Quick cash transfers to Trinidad and Tobago

    If you need to send money quickly between the US and Trinidad and Tobago, many money transfer services will allow quick delivery of cash, but it comes at a cost. The rates won’t be as good between USD and TTD, and you’ll likely find yourself having to pay a steep fee. These transfers can often be done on the same day as the request, but you should review the exchange rates and fees to see if this is the best option for you. If your friend or family can wait, you’ll both be able to save money.

    What to do if you’re picking up cash in Trinidad and Tobago

    Whether you go through a bank or a money transfer service, you will likely be able to pick up cash at the transfer location. However, it can be dangerous to carry around large amounts of cash, so follow these steps to lower the risk.

    1. Make sure you have the transaction reference number and a photo ID.
    2. If you can, bring a friend to accompany you.
    3. Put away your cash before leaving the building, preferably in a secure location on your person.
    4. Go immediately to your home or rented space and deposit the cash somewhere safe.
    5. Never take out large amounts of money in public as this can make you a target.

    This should help prevent you from becoming a target for thieves. Always be aware of your surroundings and make sure you’re using discretion when carrying around any amount of cash.

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