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Compare today's BSD to BMD (Bahamian Dollar to Bermudian Dollar) exchange rates

Bahamas
Bermuda
BSD

Interbank Exchange Rate: 1 BSD = 1.0000 BMD
Updated about an hour ago

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All you need to know about Bahamian Dollar to Bermudian Dollar money transfers

Easily compare money transfer providers in one place to send money from Bahamas to Bermuda. Send money overseas to your loved ones by comparing Bahamian Dollar (BSD) to Bermudian Dollar (BMD) remittance exchange rates. Read remittance service provider reviews and check out deals, promotions and discounts. Transfer online or send cash based on services offered by these providers.

Looking for a different option? You can browse all sending countries on our send money from hub, or view all destinations available when sending money from Bahamas.

Were you looking to send money from Bermuda to Bahamas instead?

If you need to send international business money transfers and payments, get in touch with us to see how we can help protect your revenue.

Did not find the providers you were looking for? Please reach out to us at info@remitfinder.com, and we will do our best to add them to our platform.


Latest BSD to BMD Conversion Rates

Here are some latest BSD to BMD (Bahamian Dollar to Bermudian Dollar) exchange rates for popular conversion amounts*.

1 BSD1.00 BMD
5 BSD5.00 BMD
10 BSD10.00 BMD
25 BSD25.00 BMD
50 BSD50.00 BMD
100 BSD100.00 BMD
150 BSD150.00 BMD
200 BSD200.00 BMD
250 BSD250.00 BMD
300 BSD300.00 BMD
400 BSD400.00 BMD
500 BSD500.00 BMD
600 BSD600.00 BMD
700 BSD700.00 BMD
800 BSD800.00 BMD
1,000 BSD1,000.00 BMD
1,500 BSD1,500.00 BMD
2,000 BSD2,000.00 BMD
2,500 BSD2,500.00 BMD
3,000 BSD3,000.00 BMD
4,000 BSD4,000.00 BMD
5,000 BSD5,000.00 BMD
10,000 BSD10,000.00 BMD
15,000 BSD15,000.00 BMD
20,000 BSD20,000.00 BMD
30,000 BSD30,000.00 BMD
40,000 BSD40,000.00 BMD
50,000 BSD50,000.00 BMD
100,000 BSD100,000.00 BMD

*Based on the Interbank Exchange Rate. Actual payout may vary based on the chosen money transfer provider.


What's the best way to send money from Bahamas to Bermuda?

With the global remittance market booming, there are so many choices for Bahamian Dollar to BMD money transfers. To make it even more complicated, new Fintech companies keep entering the space, making it harder for remitters to decide which company to choose to send money overseas.

Our money transfer comparison engine does all the hard work for you by searching and comparing numerous companies that specialize in foreign exchange transactions, and picking the best ones for sending money to Bermuda from Bahamas. This way, you do not have to manually search and compare these companies which is very time consuming. All remittance companies on our platform are established, secure providers that our expert team has selected.

We also provide you with attractive deals and promotions from our partners; these offers help you further maximize the final BMD amount that your recipient gets. We, along with our partners, work hard to provide you with the best discounts and offers that you can use when you send money internationally.


How to get the best exchange rate for your money transfers from Bahamas to Bermuda?

When sending money overseas, there are a lot of options at your disposal these days. All of them come with various caveats that may include exchange rates, fees, transaction processing time, security and privacy, and so on. RemitFinder helps you to decide which foreign exchange operator to pick for your BSD to Bermudian Dollar money transfer.

Our real time remittance comparison engine compares numerous banks, FX providers, remittance companies, multi currency bank accounts, etc. and presents you with the best options for sending money from Bahamas to Bermuda. We carefully select providers to give you the best choices for sending money internationally.

Additionally, you can sign up for the free rate alert to always stay updated with the best rates and promotions for BSD to BMD remittances. With our daily free rate alert, you will never have to manually search and compare providers again.


What's the cheapest way for transferring money to Bermuda from Bahamas?

The final amount your recipient gets when you send BSD to BMD is the most important number that matters. In other words, you should try to minimize the impact of fees and other hidden charges (bad exchange rate is one of them) to achieve the most cost effective cross border remittance.

Before the dawn of the modern internet era, traditional methods to send money from Bahamas to Bermuda used to be banks, and small, local remittance players located in retail outlets and convenience stores. Unfortunately, all these options entail high fees and often provide low exchange rates - this results in an expensive money transfer whereby a big chunk of your hard earned money does not reach your recipient.

A great way to find the cheapest options to send Bermudian Dollar is by comparing numerous foreign exchange operators and service providers on RemitFinder. By eliminating the process of manually searching and comparing various companies, you can easily compare all your options in one place, thereby saving time and money. This way, you can get the best Bahamian Dollar to Bermuda exchange rate. Further savings can be realized by utilizing many exclusive offers and promotions from our partners. These deals can help lower the cost of a money transfer even more, thereby giving you a higher return.


Should I use my bank to send money from Bahamas to Bermuda?

Bank transfers have been a traditionally popular way to send money overseas from Bahamas to Bermuda. But, with the explosion of so many Fintech startups specializing in remittances, it is worth asking yourself if you should still be using your bank for sending funds internationally.

In general, banks tend to charge much higher fees compared to newer remittance companies that specialize in online operations. It is also possible that the BSD to BMD exchange rate you get from your bank may not be the best. In fact, high fees and below par exchange rates are two of the most popular ways banks make money on remittances.

We, therefore, recommend that before you use your Bahamas bank for your Bermuda money transfers, you explore various other options to carefully review your total cost (represented by transaction fees) as well as the exchange rate you will get. Combined, these two factors will have a direct impact on how much money your recipient gets from your transaction.


How to send money to Bermuda from Bahamas fast?

If you need to convert BSD to BMD as fast as possible, there are definite steps you can take that will help you do so. You could pay for your transfer with cash, as well as have your recipient do a cash pickup for payout - both of these methods will speed up your money transfer.

That said, handling cash could be a safety issue given that both the sender and receiver have to physically carry cash (most agent locations are located in physical stores, malls, and retail outlets which may or may not be in a physically safer area). Additionally, due to the extra costs involved to set up and maintain physical locations, cash transactions tend to get a worse foresign exchange rate (contrasted with online/digital transfers). So, another option to move money quickly from Bahamas to Bermuda could be sending it to a mobile wallet. This would entail some slowness compared to cash transfers, but would be more safe.

Apart from the above, there are many other factors that can have an impact on your Bahamian Dollar to Bermudian Dollar funds transfer speed. To arm you with all the knowledge you need to distinguish faster from slower remittance providers, we crafted a complete guide to remittances; this article touches upon everything you need to know to make the fastest money transfers to Bermuda.

With so many choices available, make sure to compare various forex operators that enable you to remit money from Bahamas to Bermuda. Once you understand their services and the factors that affect how fast your money can be transferred overseas, you will be able to minimize the time your money is in transit.


Which are the best money transfer companies to send money from Bahamas to Bermuda?

Bahamas to Bermuda money transfer space is highly competitive, and there are numerous remittance service providers competing for your business. Given that, how do you ensure you are choosing the best company when you send money overseas?

To be able to make an informed decision, the first thing you would want to do is to be aware of your selection criteria. For example, do you need the money to reach Bermuda as fast as possible? Are you sending a small or large amount? Do you prefer fixed exchange rates or are comfortable with indicative rates? And so on. Honing your preferences will help you decide which remittance company to go with.

Once you have defined your parameters, selecting the best Bahamian Dollar to Bermudian Dollar money transfers is easy. Simply punch in your country combination on RemitFinder, and compare numerous companies quickly to be able to select the ones that match your preferences.


Step by step guide to do a money transfer from Bahamas to Bermuda

Sending money internationally is very common these days, especially given the large communities of expats living abroad. If you are one of them, and need to send money from Bahamas to Bermuda, then please continue to read.

One of the hardest things in the foreign currency transaction world is to find the best company to move your money abroad. There are so many choices to remit funds from Bahamas to Bermuda that you may feel a bit lost. This is where RemitFinder comes in. You can relax as we do all the hard work to search and compare numerous money transfer companies for you.

Once you identify your provider of choice, follow the below step by step guide to send money.

  • Provide your name, address, photo ID and other related information as part of the signup process. Forex companies are regulated to ensure that your money is safe, so providing this information ensures compliance laws are adhered to.
  • Provide information about the receiver - name, address and a bank account in Bermuda where they can receive monies in Bermudian Dollar.
  • Then, provide details of your Bahamas bank account so you can transfer the funds to the provider to allow them to do the transaction on your behalf.
  • Finally, select the amount you want to transfer, and click Send.
  • The provider will start your transaction, and keep you updated on the progress of your transfer.

Also, keep an eye on any discount or promotional coupon codes as they may help lower the cost of your remittance. The process is quite easy and you can see your BSD travel to another part of the globe.