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

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

Bermuda
Niger
BMD

Interbank Exchange Rate: 1 BMD = 555.8508 XOF
Updated about 1 hours ago

Found 0 Remittance Service Providers

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 Niger. 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.

Were you looking to send money from Niger 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 XOF Conversion Rates

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

1 BMD555.85 XOF
5 BMD2,779.25 XOF
10 BMD5,558.51 XOF
25 BMD13,896.27 XOF
50 BMD27,792.54 XOF
100 BMD55,585.08 XOF
150 BMD83,377.62 XOF
200 BMD111,170.16 XOF
250 BMD138,962.70 XOF
300 BMD166,755.24 XOF
400 BMD222,340.32 XOF
500 BMD277,925.40 XOF
600 BMD333,510.48 XOF
700 BMD389,095.56 XOF
800 BMD444,680.64 XOF
1,000 BMD555,850.80 XOF
1,500 BMD833,776.20 XOF
2,000 BMD1,111,701.60 XOF
2,500 BMD1,389,627.00 XOF
3,000 BMD1,667,552.40 XOF
4,000 BMD2,223,403.20 XOF
5,000 BMD2,779,254.00 XOF
10,000 BMD5,558,508.00 XOF
15,000 BMD8,337,762.00 XOF
20,000 BMD11,117,016.00 XOF
30,000 BMD16,675,524.00 XOF
40,000 BMD22,234,032.00 XOF
50,000 BMD27,792,540.00 XOF
100,000 BMD55,585,080.00 XOF

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


What's the best way to do Bermuda to Niger money transfers?

Foreign exchange rates fluctuate by the second, much like equities listed on the stock market. Given that, it might seem like a daunting task to determine the best timing to transfer money from Bermuda to Niger. We ensure that you are getting the best rate and sending money at the right time with trusted money transfer companies when you transfer Bermudian Dollar to XOF.

You can rely on RemitFinder to do the hard work of searching for the best companies specializing in sending money abroad for you. Our remittance comparison platform helps you spot the best options to send BMD to XOF in Niger. Every company listed on our site is an established business that our team evaluates to make sure you get access to the best exchange rates.

With RemitFinder, you can also take advantage of numerous offers and discounts that our partners provide to maximize the power of your money transfers to Niger from Bermuda. We provide you with maximum choices to send money to Niger by comparing competing money transfer companies thereby making you the winner in the end.


How to get the best rate to transfer money to Niger from Bermuda?

With ever changing remittance exchange rates, and umpteen new companies and startups to send money abroad coming up, it may seem hard at first to decide when to send money and which company to choose from for your Bermuda to Niger transfers.

RemitFinder provides a single place to compare many options so you can quickly and easily decide who to go with. Compare various banks, foreign exchange specialists, Fintech startups, remittance service providers, multi currency bank accounts and others in a single view to maximize the return on your BMD to CFA Franc BCEAO international money transfers.

To help save your precious time and hard earned money, we also created the RemitFinder exchange rate alert. This is a totally free notification that will keep you updated daily on the latest Bermudian Dollar to CFA Franc BCEAO exchange rates and ongoing deals and promotions. You can sign up for our rate alert and start saving now.


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

When you want to send money to Niger from Bermuda, you obviously want the cheapest possible option to maximize the money your recipient gets in CFA Franc BCEAO. Transaction speed, security and privacy concerns notwithstanding, your biggest lever to make the most of your hard earned money is relying on the cheapest ways to do your BMD to XOF money transfers.

Some of the traditional ways to send money may not be the cheapest options available. For example, a particular company may seem like a convenient way to do international funds transfers from Bermuda to Niger. But it is entirely possible that you may end up paying high fees as well as get sub optimal exchange rate on your foreign currency transaction.

That is why it is very useful to rely on the RemitFinder remittance comparison platform to see what are the cheapest money transfer options for getting the best Bermuda to Niger exchange rate. You also get access to many promotions and discounts from our partners; these offers help to reduce your cost and may be a major differentiator in helping you choose the most cost effective way to send CFA Franc BCEAO overseas.


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

Bank transfers have been a traditionally popular way to send money overseas from Bermuda to Niger. 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 Niger 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 Niger from Bermuda fast?

If you need to convert BMD to XOF 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 Bermuda to Niger 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 Bermudian Dollar to CFA Franc BCEAO 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 Niger.

With so many choices available, make sure to compare various forex operators that enable you to remit money from Bermuda to Niger. 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 Bermuda to Niger?

Bermuda to Niger 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 Niger 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 Bermudian Dollar to CFA Franc BCEAO 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 send money to Niger 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 Niger 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 Niger. 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.