Jamaica's financial rules and regulations mean that recipients in Jamaica must authorize their bank account to receive international money transfers.
How does bank account authorization in Jamaica work?
If your recipient is receiving an international money transfer for the first time, they'll need to authorize their bank account before the money is deposited.
Here's how bank account authorization works:
- You confirm your money transfer
- If your recipient has not completed registration before, our partner, Victoria Mutual will call them
- Victoria Mutual will ask your recipient to complete the online form and provide the information below:
- Their Jamaican Taxpayer Registration Number (TRN)
- A copy of Government-Issued ID
- Proof of bank account ownership (ex: a bank statement, canceled check for a current account, account passbook)
- Your recipient submits the form
- Once authorized, your recipient's bank account will be able to receive money transfers.
As the sender, you may receive an SMS from Ria reminding you that your recipient must complete the registration form before the transfer can be deposited.
|Please note: recipients who bank with JMMB Money Transfer Limited will be contacted directly to authorize their account.
What information do I need to provide about my recipient?
To make sure that your transfer reaches your recipient in Jamaica successfully and without delay, you'll need to provide:
- Your recipient's full name. This must match the name on your recipient's bank account.
- Your recipient's phone number
- Your recipient's address
- The name of your recipient's bank
- Your recipient's bank account number
- The type of account your recipient has (i.e. a checking or savings account)