How to send money to Bahrain
Discover how to send money to Bahrain at the best BHD rate with these 4 steps
1. Check the BHD mid-market exchange rate against the currency you want to send
Making your transfer on a date when the mid-market is higher than usual can help you save money. Monitor the Bahraini dinar rate and make your transfer when the exchange rate reaches your target level.
2. Compare the 19 money transfer providers available to send money to Bahrain in order to find the best deal.
Monito lists quite a few services able to send money to Bahrain, such as TransferWise, Western Union, MoneyGram, Currencies Direct, Currency Solutions. Save money by comparing all your options to find the best deal for your upcoming money transfer.
3. Pick the best money transfer company for your specific needs
Which criteria is the most important for you? Exchange rate and fees, speed, number of customer ratings? Evaluate the advantages and disadvantages before making your choice.
Another important aspect is to take into account the pay-in and pay-out methods. You will often have providers giving you the option to send the money from your bank account, others will also allow you to pay with your cards. On the other side of the transfer, you can decide if your want the money to be sent directly to the recipient's bank account or be available for cash pick-up.
4. Sign up and start your money transfer to Bahrain with the provider you selected
Now is the time to fill the sign-up form on the provider's homepage (you usually have to upload documents to confirm your identity), and get started with your transfer.