How to send money to Barbados
Find out how to transfer money to Barbados with the best exchange rate in four easy steps
1. Check the BBD mid-market exchange rate against the currency you want to send
Even though the evolution of the currency market is impossible to predict, it never hurts to keep an eye on it in order to maximize how many you (or your recipient) receives after the currency exchange. Frequently check the evolution of the Barbados dollar exchange rate and validate your transfer when the rate is at its highest level of the past days.
2. Make your choice among the 16 money transfer companies sending money to Barbados and find the best one.
Monito's comparison engine lists 16 providers to send money to Barbados, such as TransferWise, Western Union, MoneyGram, Currency Solutions, Xendpay. You can save a lot of money by comparing them all to find the best deal for your money transfer.
3. Select the best provider for your personal needs
Based on which criteria will make your choice? Price, speed of transfer, number of customer ratings? Examine the pros and cons before making your choice.
Another important aspect is to have a look at the pay-in and pay-out options. Most of the time you'll find money transfer companies offering to you the option to transfer the money directly from your bank account, some will also give you the option to pay by debit and credit cards. On the other side of the transfer, look at different options 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 start your money transfer to Barbados with the provider you selected
Go to the provider's website to sign up (you normally have to give some information to prove your identity), and get started with your transfer.