How to send money to Bahamas
Find out how to transfer money to Bahamas at the lowest cost in a few easy steps
1. See if the BSD conversion rate is favorable
Even though the currency market is unpredictable, it never hurts to follow it so that you can maximize how much you get after the conversion. It might be interesting for you to set-up exchange rate email alerts to stay updated about the evolution of the BSD exchange rate.
2. Select the most interesting deal by comparing the available money transfer companies.
We list 6 money transfer companies able to send money to Bahamas, such as TransferWise, Western Union, MoneyGram, Xendpay, Barclays. Picking the right service from the list is the best way to save on costs.
3. Select the best option for your specific needs
Based on which criteria will make your choice? Exchange rate and fees, speed of transfer, number of customer ratings? Consider the pros and cons of the different options before deciding which provider to use.
It is also important to have a look at the pay-in/out methods. You often have the choice to pay for your transfer by wiring the money from your bank account or by debit or credit cards. On the other side of the transfer, choose if you need the converted amount to be deposited on a local bank account or received in cash (from an agent location).
4. Sign up and get started wih your transaction to Bahamas with the money transfer provider of your choice
It is now time to fill the sign-up form on the provider's online portal (you usually have to give some information to prove your identity), and get started with your money transfer to Bahamas.