SunCash review
Updated September 28, 2026 · VaultCue Editorial Team · Facts checked September 26, 2026
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Our verdict
SunCash is a Bahamas business wallet with a monthly fee of BSD 0 and delivery that is Instant to phone, store or internationally via partners. It suits businesses paying staff or suppliers in cash, but the business focus runs in a single market and every send carries a percentage charge.
Key facts
- Best for
- A monthly fee of BSD 0 plus fast cash payouts for a business.
- Monthly fee
- BSD 0↗
- Currencies
- 1↗
- Transfer fee
- Send funds 3-5% of principal (VAT inclusive), tiered 5% for $1-$199, 4% for $200-$2,000, 3% above $2,000; cash-out by bank transfer or SunCash merchant 1 BSD↗
- Legal entity
- Sun Island Transfers Limited↗
- Headquarters
- Bahamas↗
- Support channels
- Email, Phone, Help-centre↗
- Audience
- Business
- Pricing model
- No monthly fee
- Official website
- mysuncash.com
Money transfer
- Exchange rate markup
- 0%↗
- Delivery time
- Instant to phone, store or internationally via partners↗
- Payout methods
- Bank, Cash-pickup, Wallet, Card↗
Facts checked September 26, 2026, 5 sources
Apps and profiles
- Get the app
- App StoreGoogle Play
Pros and cons
Pros
- A monthly fee of BSD 0 and an exchange rate markup of 0% keep the cost side light.
- Delivery is Instant to phone, store or internationally via partners, which suits payroll and supplier payments that cannot wait.
- Payout methods cover bank, cash pickup and wallet, so payees can be reached by bank, cash, wallet or card.
- Support runs on email, phone and help centre, more useful for a business than a single channel desk.
Cons
- The account runs in a single market (1), so it cannot hold several currency balances.
- Sending is charged as a percentage of the principal, tiered by the size of the amount, with a small fixed charge for cashing out by bank transfer or at a SunCash merchant.
- Support runs on email, phone and help centre only, and just 40% of the brands here add live chat.
Who it suits
- Businesses in the Bahamas paying staff or suppliers in cash
- Anyone sending money to a phone, a store counter or someone abroad through partner networks
- Merchants who want both cash pickup and bank transfer payouts
Who should look elsewhere
- PayPal Colombia, whose monthly fee of $0 is set in another currency, if you do not need a Bahamas account
- Plazo ES, which also has a €0 monthly fee, if a euro account suits your business better
- Skrill, also a €0 monthly fee provider, if you want an online wallet rather than merchant cash payouts
How SunCash compares
Also a €0 monthly fee option, a closer fit for a business paying partners online rather than in cash.
Where SunCash is available
- Available
- Bahamas
- Licence in Bahamas
- Central Bank of the Bahamas, checked September 26, 2026
- Licence in Bahamas
- Securities Commission (The Bahamas), checked September 26, 2026
Countries from the brand (Source, checked September 26, 2026)
Frequently asked questions
What does it cost to run a SunCash account and send money?+
The account carries a monthly fee of BSD 0, and the exchange rate markup is 0%. Sending funds costs a percentage of the principal, tiered by the size of the amount, and cashing out by bank transfer or at a SunCash merchant adds a small fixed charge.
Is a SunCash balance regulated?+
The brand is run by Sun Island Transfers Limited in the Bahamas, and the regulators listed are the Central Bank of the Bahamas and the Securities Commission of the Bahamas. Read the account terms to see what each licence covers for a balance held with the brand.
How quickly does a SunCash transfer arrive?+
Delivery is Instant to phone, store or internationally via partners. A business can send to a recipient's phone, arrange collection in store, or reach someone in another country through partner networks, which suits payroll that has to land the same day.
How do I get money out of SunCash?+
Payout methods cover bank, cash pickup and wallet. Payees can be reached by bank transfer, cash pickup at a point, another wallet or card, and cashing out by bank transfer or at a SunCash merchant carries a small fixed charge on top of the send charge.
Who is the SunCash account built for?+
The account is aimed at business users, and that focus shows in the shape of the service: cash payouts, merchant collection points and a single market. It suits firms that hand money to staff or suppliers rather than customers who want a multi currency balance.
Which currencies can a SunCash account hold?+
It works in a single market, with 1 currency supported. That keeps the account simple for local business but rules it out as a place to park several currency balances while waiting for a better rate.
How do I get help from SunCash?+
Support runs on email, phone and help centre. Email, phone and a help centre cover most questions, and the business focus means the desk is set up for business enquiries rather than general retail banking.
How does SunCash compare with the other low cost accounts here?+
On offer, SunCash scores 0.6, and it ranks 338 of 379 brands on the number of currencies, against a 9 median for this group. The no monthly fee model is common; single market coverage is not.
Sources
- mysuncash.com/about.html checked September 26, 2026
Backs: Audience, Headquarters, Licences
“We also provide MasterCard and Visa branded cards, virtual accounts, bill pay and loans all operating from one flexible platform - ideal for consumers and corporates.”
- mysuncash.com/faq-account.html checked September 26, 2026
Backs: Currencies, Transfer fee
“Only BSD is supported at this time.”
- mysuncash.com/faq-send-cash.html checked September 26, 2026
Backs: Delivery time
“Send Money to Phone, Store or internationally via our partners are instant.”
- mysuncash.com/mobile-wallet.html checked September 26, 2026
Backs: Exchange rate markup, Pricing model, Monthly fee, Payout methods
“Real time mid-market exchange rates, total commission and amount to be received are displayed with full transparency.”
- mysuncash.com/terms.html checked September 26, 2026
Backs: Legal entity, Support channels
“"SunCash ","we", "us" or "our" means Sun Island Transfers Limited trading as "SunCash", with registered head office at #4 Patton Street, Nassau, The Bahamas”
Compiled from 5 source pages, checked September 26, 2026. We did not open an account.
Not confirmed yet: Licence type, Deposit protection, Currency conversion fee.