How to send money to Bermuda
Learn how to make a money transfer to Bermuda at the lowest cost in a few easy steps
1. Make sure the Bermudian dollar mid-market rate is favorable
Converting your money on a favorable day is a good way to optimize your transfer. Track the Bermudian dollar rate and transfer your money when the BMD rate gets to a specific level.
2. Go with the best deal by comparing all options.
Our comparison engine lists 6 providers offering money transfer services to Bermuda, such as TransferWise, Western Union, MoneyGram, Xendpay, RBS. Save money by comparing all your options and select the most competitive deal for your money transfer.
3. Pick the best money transfer company for you
What do you value the most? Fees and exchange rate, time for the money to arrive, customer reviews? Balance the pros and cons of the different options before making your choice.
It is also important to have a look at the pay-in/out methods. You can have money transfer services allowing you to pay by bank transfer, others will also give you the option to pay by debit and credit cards. In Bermuda, look at different options if you need the money to be deposited on a local bank account or available for pick-up in cash at an agent location.
4. Sign up and get started wih your transfer to Bermuda with the service of your choice
Go to the provider's website to sign up (you normally have to give information to confirm your identity), and provide the details of your transaction.