How to send money to Barbados
Learn how to make a money transfer to Barbados at the most competitive cost in a few easy steps
1. Check the BBD rate against the currency you want to send
Sending money on a date when the mid-market is higher than usual can help you save money. Follow the mid-market exchange rate and send the money when the rate is at its highest level of the past days.
2. Go with the best deal by comparing all money transfer companies.
There are quite a few companies to transfer money to Barbados, such as TransferWise, Western Union, MoneyGram, Currency Solutions, Xendpay. You will save big by comparing all your options and select the most competitive option for your money transfer.
3. Select the best provider for your specific needs
Which criteria is the most important for you? Fees and exchange rate, speed of the transaction, number of customer ratings? Evaluate the pros and cons before making your decision.
Another important aspect is to take into account the options to pay for the transfer and receive the money. Providers often give you the possibility to pay for your transfer by bank transfer or by cards (credit or debit). On the recipient's side in Barbados, choose if you need the converted amount 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 to Barbados with the money transfer provider you selected
Go to the money transfer provider's homepage to go through the sign-up process - be aware you will often need to give an ID document and/or a proof of adress - and provide the details of your transfer to Barbados.