Grenada, known as the “Spice Isle,” is a tri-island state in the Caribbean famous for its nutmeg production and stunning volcanic landscapes. Its capital, St. George’s, is home to one of the most picturesque harbors in the region. In 2026, Grenada’s economy is projected to grow by 3.1%, driven by a thriving tourism sector, steady foreign direct investment through its Citizenship by Investment (CBI) program, and robust agricultural exports. With a population of approximately 127,000, the nation relies on a sophisticated financial network within the Eastern Caribbean Currency Union (ECCU) to manage significant remittance inflows from the diaspora in North America and Europe.
Money Transfer Locations
Western Union
Western Union is the primary remittance provider in Grenada, operating through Grenada Co-operative Bank and GraceKennedy Money Services (GKMS).
- Western Union St. George’s
- Western Union Grand Anse
- Western Union Grenville
- Western Union Gouyave
- Western Union Sauteurs
- Western Union Victoria
- Western Union Hillsborough (Carriacou)
- Western Union Spiceland Mall
MoneyGram
MoneyGram services are widely available through Republic Bank and Ariza Credit Union branches.
- MoneyGram St. George’s
- MoneyGram Grand Anse
- MoneyGram Grenville
- MoneyGram Maurice Bishop International Airport
- MoneyGram Bruce Street
Ria Money Transfer
Ria is accessible through Republic Bank and specialized regional exchange partners.
- Ria St. George’s
- Ria Grand Anse
- Ria Grenville
Other Remittance Agents (Laparkan & JN Money)
Specialized Caribbean agents provide vital shipping and money transfer links to the diaspora.
- Laparkan St. George’s
- JN Money St. George’s
- JN Money Grand Anse
Mobile Money & Digital Payouts
In 2026, Grenada has embraced digital wallets for faster local distribution of international funds:
- DCash – The Eastern Caribbean Central Bank’s digital currency, used for instant peer-to-peer transfers.
- Co-op Bank Mobile – Facilitates direct-to-account international transfers for bank members.
- MoMo (Mobile Money) – Increasing adoption for utility payments and small-scale cash-outs at retail agents.
Major Bank & Financial Partners
Grenada’s banking sector provides the backbone for SWIFT transfers and high-value financial services:
- Grenada Co-operative Bank (The leading local commercial bank)
- Republic Bank (Grenada)
- ACB Grenada Bank (Formerly Scotiabank operations)
- CIBC FirstCaribbean International Bank
- RBTT Bank (Royal Bank of Canada subsidiary)
- Grenada Development Bank
- Ariza Credit Union (Essential for community-based financial services)
Frequently Asked Questions
How can I send money to the Philippines from Grenada?
You can send money home to the Philippines from Grenada through licensed remittance providers such as Western Union, MoneyGram, Ria, Wise, Remitly, and PNB Remittance. Major Philippine banks (BDO, BPI, Metrobank, Landbank) accept inbound transfers via SWIFT and partner corridors, and digital wallets like GCash and Maya support direct cash-in from many providers in Grenada.
How long does a remittance from Grenada to the Philippines take?
Most digital transfers from Grenada to the Philippines arrive within minutes for cash pickup and 1–2 business days for bank deposit to BDO, BPI, Metrobank, Landbank and other Philippine banks. Bank-to-bank SWIFT wires can take 2–4 business days. Weekend transfers usually post on the next Philippine banking day.
What ID does my family in the Philippines need to receive the money?
Recipients in the Philippines must present a valid government-issued photo ID (PhilSys/National ID, passport, driver's licence, UMID, or PRC ID), the sender's full name in Grenada, the exact amount, and the reference/MTCN number. Some providers also require the recipient's mobile number for OTP verification.
Which providers offer the best exchange rate from Grenada to the Philippines?
Rates change daily, but Wise, Remitly, and Ria typically post mid-market or near-mid-market PHP rates from Grenada, while Western Union and MoneyGram trade rate for wider Philippine cash-pickup networks. Always compare the all-in cost (fee + FX margin) on each provider's quote before sending — savings of 2–4% are common on OFW corridors.
Is it safe to send remittances from Grenada to the Philippines in 2026?
Yes — sending money from Grenada to the Philippines is safe when you use a provider licensed in Grenada on the sending side and a BSP-registered receiving agent in the Philippines. Verify your recipient's full legal name as printed on their ID, share the reference number privately, and avoid social-media middlemen. Report any issues to your local financial regulator in Grenada and to the BSP Consumer Affairs Group for the Philippine end.