How to send money to Bahamas
Learn how to make a money transfer to Bahamas at the best BSD rate with these 4 steps
1. Check the BSD interbank exchange rate against your own currency
Although the evolution of the exchange rate is unpredictable, it never hurts to follow it so that you can optimize how much the receiver of the transfer will get. Keep track of the evolution of the Bahamian dollar exchange rate and validate your transaction when you can get a good exchange rate.
2. Go with the best deal by comparing the 7 available money transfer companies.
Our comparison engine lists 7 providers to make money transfers to Bahamas, such as TransferWise, Western Union, MoneyGram, Xendpay, Barclays. Using the best service from the available options is the best way to save on fees and exchange rate.
3. Choose the best money transfer company for your transfer
Do you need to send money to Bahamas at the lowest total cost, as fast as possible or with the solution with the best customer reviews?
In addition, you may want to pay attention to the pay-in and pay-out options. Transferring money from your e-banking or via your debit or credit card are the most common pay-in options to send money to Bahamas online. On the other side of the transfer, choose if you need the amount in BSD to be sent directly to the recipient's bank account or available for pick-up in cash at an agent location.
4. Sign up and get started wih your transfer with the company of your choice
It is now time to register on the provider's homepage - be aware you will often need to give an ID document and/or a proof of adress - and provide the details of your transaction.