Send money overseas with Bancoli to take advantage of bank-beating exchange rates

Compare today's BMD to USD (Bermudian Dollar to US Dollar) exchange rates

Bermuda
Micronesia
BMD

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

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

Easily compare money transfer providers in one place to send money from Bermuda to Micronesia. Send money overseas to your loved ones by comparing Bermudian Dollar (BMD) to US Dollar (USD) 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.

Were you looking to send money from Micronesia to Bermuda 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 BMD to USD Conversion Rates

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

1 BMD1.00 USD
5 BMD5.00 USD
10 BMD10.00 USD
25 BMD25.00 USD
50 BMD50.00 USD
100 BMD100.00 USD
150 BMD150.00 USD
200 BMD200.00 USD
250 BMD250.00 USD
300 BMD300.00 USD
400 BMD400.00 USD
500 BMD500.00 USD
600 BMD600.00 USD
700 BMD700.00 USD
800 BMD800.00 USD
1,000 BMD1,000.00 USD
1,500 BMD1,500.00 USD
2,000 BMD2,000.00 USD
2,500 BMD2,500.00 USD
3,000 BMD3,000.00 USD
4,000 BMD4,000.00 USD
5,000 BMD5,000.00 USD
10,000 BMD10,000.00 USD
15,000 BMD15,000.00 USD
20,000 BMD20,000.00 USD
30,000 BMD30,000.00 USD
40,000 BMD40,000.00 USD
50,000 BMD50,000.00 USD
100,000 BMD100,000.00 USD

*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 Bermuda to Micronesia?

There are many good choices when it comes to sending money from Bermuda to Micronesia. The RemitFinder remittance comparison engine compares many different remittance service providers to give you several options. You can easily compare these providers to get the best remit rates on your Bermudian Dollar to USD money transfers.

We compare different remittance companies to bring you the best options to send money to Micronesia from Bermuda. All these companies are vetted by our team that has expertise in evaluating foreign exchange providers. Our trusted partners work hard to bring our customers the best rates so you benefit the most.

Additionally, we bring you access to exclusive deals and promotions from our partners. These offers will help you maximize the yield on your Bermudian Dollar to United States Dollar money transfers. You can take advantage of these deals and make the most of your hard earned money.


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

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 BMD to United States 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 Bermuda to Micronesia. 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 BMD to USD 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 Micronesia from Bermuda?

While there are numerous ways to send money overseas, many come with steep fees and hidden charges that will make a big dent in your hard earned money. For example, if you send money from Bermuda to Micronesia via a bank, you will typically get charged high wire transfer fees. Often, both the sender and the recipient have to pay high fees for bank wire transfers.

A sure way to find the most cost effective way for Bermudian Dollar to United States Dollar remittances is to compare various foreign exchange operators out there. But, doing this manually is hard and time consuming. You may miss out on great rates from other providers that you may not even be aware of. This is especially relevant given the explosion of Fintech startups operating in the international money transfer arena.

Use RemitFinder to compare numerous remittance service providers in a single screen to easily see which companies are good at what and meet your selection criteria for getting the best Bermuda to Micronesia exchange rate.

Another sure shot way to reduce your cost and maximize the return on your money is to take advantage of deals and discounts our partners provide to RemitFinder users like you. We are constantly adding new providers, so make sure to regularly check in to see which money transfer options are the cheapest for BMD to USD remittances.


Should I use my bank to transfer money from Bermuda to Micronesia?

Bank transfers have been a traditionally popular way to send money overseas from Bermuda to Micronesia. 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 USD 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 Micronesia 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.


What is the fastest way to transfer money from Bermuda to Micronesia?

It could be a stressful experience if you need to rush money quickly from Bermuda to Micronesia. 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 USD. 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 United States Dollar. 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 Micronesia money transfers.


Which are the best money transfer companies to transfer money to Micronesia from Bermuda?

The definition of "best" is very personal for everyone. It may even vary from one transaction to the next depending on various factors involved. When it comes to sending money from Bermuda to Micronesia, we can help you in choosing the best provider.

There are several key points you would want to check for; these include, but are not limited to, the best Bermudian Dollar to United States Dollar exchange rate, transfer amount limits, transaction fees, transfer speed, variety of payment and delivery methods available, fixed vs indicative rate, and availability of any deals and promotions.

After you see the initial list of remittance companies we present you with, use the above criteria to fine tune your choices. That way, you can see which providers are a better fit for the requirements of your USD money transfers to Micronesia. Keep an open mind as it is very much possible that different providers suit different transfer scenarios better than others.

Finally, you should definitely take into account any ongoing promotions from these providers. Offers and discounts will lower your cost to make the money transfer and result in your recipient in Micronesia getting more money for every Bermudian Dollar you send.


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

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 Bermuda to Micronesia, 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 Bermuda to Micronesia 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 Micronesia where they can receive monies in United States Dollar.
  • Then, provide details of your Bermuda 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 BMD travel to another part of the globe.