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Compare today's BMD to XOF (Bermudian Dollar to CFA Franc BCEAO) exchange rates

Bermuda
Chad
BMD

Interbank Exchange Rate: 1 BMD = 555.7155 XOF
Updated about an hour ago

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All you need to know about Bermudian Dollar to CFA Franc BCEAO money transfers

Easily compare money transfer providers in one place to send money from Bermuda to Chad. Send money overseas to your loved ones by comparing Bermudian Dollar (BMD) to CFA Franc BCEAO (XOF) 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 Bermuda.

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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 BMD to XOF Conversion Rates

Here are some latest BMD to XOF (Bermudian Dollar to CFA Franc BCEAO) exchange rates for popular conversion amounts*.

1 BMD555.72 XOF
5 BMD2,778.58 XOF
10 BMD5,557.16 XOF
25 BMD13,892.89 XOF
50 BMD27,785.78 XOF
100 BMD55,571.55 XOF
150 BMD83,357.33 XOF
200 BMD111,143.10 XOF
250 BMD138,928.88 XOF
300 BMD166,714.65 XOF
400 BMD222,286.20 XOF
500 BMD277,857.75 XOF
600 BMD333,429.30 XOF
700 BMD389,000.85 XOF
800 BMD444,572.40 XOF
1,000 BMD555,715.50 XOF
1,500 BMD833,573.25 XOF
2,000 BMD1,111,431.00 XOF
2,500 BMD1,389,288.75 XOF
3,000 BMD1,667,146.50 XOF
4,000 BMD2,222,862.00 XOF
5,000 BMD2,778,577.50 XOF
10,000 BMD5,557,155.00 XOF
15,000 BMD8,335,732.50 XOF
20,000 BMD11,114,310.00 XOF
30,000 BMD16,671,465.00 XOF
40,000 BMD22,228,620.00 XOF
50,000 BMD27,785,775.00 XOF
100,000 BMD55,571,550.00 XOF

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


What's the best way to transfer money from Bermuda to Chad?

With the global remittance market booming, there are so many choices for Bermudian Dollar to XOF 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 Chad from Bermuda. 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 XOF 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 remit rate for transferring money from Bermuda to Chad?

Just like the cryptocurrency market, the foreign exchange market is constantly fluctuating. On top of that, there are so many new service providers on the global remittance landscape. This may make it hard for remitters to find the best ways to send money to Chad from Bermuda.

At RemitFinder, we have tried to solve this exact problem - how to give you access to good choices for your BMD to CFA Franc BCEAO remittances. We do all the hard work to search and compare numerous multi currency banks, foreign exchange services, remittance service providers, etc., to ensure you can use the best possible vehicles to send money overseas.

You can also register for our daily rate alert to stay aware of the latest exchange rates for BMD to XOF remittances. Our rate alert is totally free, and is a great way to save your previous time and make the most of your hard earned money. We do the hard work so you do not have to manually search and compare money transfer companies.


What's the cheapest way to send money to Chad from Bermuda?

One of the most important things to watch out for is hidden fees when sending money to Chad from Bermuda. Most of the time, you will get ripped off if you have no choice, or very few choices. For instance, if you send money to Chad using your bank, you are most likely paying high fees. You may also not be getting the best exchange rate on your CFA Franc BCEAO foreign exchange transaction.

RemitFinder partners with many money transfer companies that provide you with cheap options to ensure you get the best BMD to Chad exchange rate. The more choices you have, the better yield you get. This is because you can get creative with exchange rates and fees to determine the cheapest option for you. For instance, one company may be giving a very high rate but charging a steep fee as well, while another provider may have a slightly lower rate, but 0 fee. All of this also depends on how much amount you send. It is very much possible that as the transaction amount varies, one money transfer operator gives a better return than the other, and vice versa.

Our partners also provide our customers with many offers and promotions. These could be seasonal (around key holidays and festivals) or ongoing. Making use of these deals will further reduce your cost, and help ensure you use the cheapest way to send money to Chad from Bermuda.


How to send money from Bermuda to Chad through a bank?

Bank transfers have been a traditionally popular way to send money overseas from Bermuda to Chad. 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 BMD to XOF 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 Bermuda bank for your Chad 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 Chad from Bermuda fast?

It could be a stressful experience if you need to rush money quickly from Bermuda to Chad. How do you decide which option to pick to ensure your funds arrive at the destination in the fastest possible way?

First, you should ensure that you are picking the right payment method to convert BMD to XOF. Most remittance companies will allow you to pay by cash, with credit or debit cards, via a direct bank transfer, through a wire transfer, and so on. Digital payment methods like wire transfers and bank transfers will certainly delay your transaction as compared to cash payments.

Similarly, on the receiving side, your recipient also has multiple options to collect their monies in CFA Franc BCEAO. The payout choices generally include cash pickup, direct bank transfer, loading up a mobile wallet, and mobile airtime top up. If transaction speed is important, you could choose cash pickup if the receiver can access a close by pickup location. Just be aware that the exchange rate on cash transactions may not be the best, and there is risk in handling cash, especially for larger amounts. Otherwise, a mobile airtime top up or a bank deposit may be the next fastest possible ways unless there are bank holidays going on.

Foreign exchange transaction speed also depends on some additional factors like transfer amount, compliance and regulatory processes and vary from provider to provider. Check out our remittance guide to answer any questions you may have on how remittances work in general, and what factors affect the speed of your Bermuda to Chad money transfers.


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

Comparing money transfer companies for sending money to Chad from Bermuda can be challenging, especially given the number of options out there. But, if you are armed with the right knowledge, it will help you make a more informed decision and, therefore, make the most of your hard earned money.

There are various areas you would want to inspect when evaluating these providers to gauge the best fit for sending money overseas to Chad. How much do you want to send? Some companies deal with only small amounts, while others specialize in larger ones. Are you OK paying a fee for your Bermudian Dollar to CFA Franc BCEAO transfer or you will only go with 0 fees? How about exchange rates? Can you send money using non-fixed or indicative rates?

Once you start applying these conditions to the list of choices you see, you can start to eliminate companies that do not match any of your preferences. This will help fine tune the list to a small number. Finally, keep an eye on promotions and discounts as they will help maximize the CFA Franc BCEAO yield on every Bermudian Dollar that you send.


Step by step guide to send money to Chad from Bermuda

With so many possible ways to transfer Bermudian Dollar to CFA Franc BCEAO, and exchange rates that are changing by the second, it can be difficult to make the best choice to save time and money. RemitFinder's online remittance comparison platform helps you find the best companies to move your funds abroad.

Once you have picked the right company for your Bermuda to Chad remittance transaction, you can follow the below step by step procedure.

  • Create an account at your chosen operator.
  • You may be asked for photo IDs and address proofs; please provide these as they help the operator ensure legal and regulatory compliance.
  • Add bank accounts for both the sender in Bermuda and the receiver in Chad. Using bank deposits can be the cheapest option to send money.
  • Decide when you want to send money and the transfer amount. When ready, choose the amount and start your transaction.
  • At this point, you are pretty much done, and the operator will take it on from here.
  • Watch out for updates from the operator on the progress of your transaction.

We also recommend that you have more than one remittance company in your portfolio so you can maximize the return on your BMD to CFA Franc BCEAO money transfers. This way, you can pick whoever is the best at the time you are ready to initiate your transaction.