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

Compare today's NGN to BBD (Nigerian Naira to Barbadian Dollar) exchange rates

Nigeria
Barbados
NGN

Interbank Exchange Rate: 1 NGN = 0.0015 BBD
Updated about an hour ago

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All you need to know about Nigerian Naira to Barbadian Dollar money transfers

Easily compare money transfer providers in one place to send money from Nigeria to Barbados. Send money overseas to your loved ones by comparing Nigerian Naira (NGN) to Barbadian Dollar (BBD) 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 Nigeria.

Were you looking to send money from Barbados to Nigeria 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 NGN to BBD Conversion Rates

Here are some latest NGN to BBD (Nigerian Naira to Barbadian Dollar) exchange rates for popular conversion amounts*.

1 NGN0.00 BBD
5 NGN0.01 BBD
10 NGN0.02 BBD
25 NGN0.04 BBD
50 NGN0.08 BBD
100 NGN0.15 BBD
150 NGN0.23 BBD
200 NGN0.30 BBD
250 NGN0.38 BBD
300 NGN0.45 BBD
400 NGN0.60 BBD
500 NGN0.75 BBD
600 NGN0.90 BBD
700 NGN1.05 BBD
800 NGN1.20 BBD
1,000 NGN1.50 BBD
1,500 NGN2.25 BBD
2,000 NGN3.00 BBD
2,500 NGN3.75 BBD
3,000 NGN4.50 BBD
4,000 NGN6.00 BBD
5,000 NGN7.50 BBD
10,000 NGN15.00 BBD
15,000 NGN22.50 BBD
20,000 NGN30.00 BBD
30,000 NGN45.00 BBD
40,000 NGN60.00 BBD
50,000 NGN75.00 BBD
100,000 NGN150.00 BBD

*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 Nigeria to Barbados?

Sending money internationally to Barbados from Nigeria can be a challenging task given so many companies willing to move your money overseas. You can rely on RemitFinder to choose the best provider who can offer the most value while ensuring safety and security at the same time.

Our money transfer comparison engine does a real time comparison of exchange rates from various foreign exchange providers to bring you the best choices for your Nigerian Naira to BBD remittances.

Every company listed on our platform has been fully vetted by our team to ensure you get access to safe, secure and reliable providers to help you send money to Barbados. Our partners also provide exclusive offers and discounts to our customers so they can save even more on their next money transfer. You can take advantage of these promotions so your loved ones back home get the maximum amount in Barbadian Dollar.


How to get the best remit rate for transferring money from Nigeria to Barbados?

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 NGN to Barbadian 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 Nigeria to Barbados. 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 NGN to BBD remittances. With our daily free rate alert, you will never have to manually search and compare providers again.


What's the cheapest way to transfer money from Nigeria to Barbados?

Finding the cheapest way to send money from Nigeria to Barbados might not be that easy given the umpteen choices available. You have to look at various parameters like exchange rates and fees to determine if the cost of one money transfer operator is less than that of another or not.

It may also be tempting to use some of the traditional funds transfer services like foreign currency exchanges or operators located in shopping malls, grocery stores and other local outlets. While you can certainly transfer NGN to BBD via these channels, they may not be the most economical way to send money internationally. Typically, brick and mortar services charge higher fees and may also provide lower rates. All this contributes to making your foreign exchange transfer more expensive.

Online money transfers tend to be more cost effective, and RemitFinder provides you quite a number of good choices to ensure you are able to get optimum Nigeria to Barbados exchange rate. Many of our partners also provide promotions and offers that are exclusive to our customers; availing these will definitely reduce the cost of your foreign exchange transaction further.


How to send money from Nigeria to Barbados through a bank?

Bank transfers have been a traditionally popular way to send money overseas from Nigeria to Barbados. 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 NGN to BBD 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 Nigeria bank for your Barbados 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 Barbados from Nigeria fast?

The speed of your Nigerian Naira to Barbadian Dollar funds transfer will depend on various factors like which provider you use, how you pay for your transaction, how you choose for your recipient to get the funds, etc. You will, therefore, want to compare various options to see which one suits your needs best.

We created a comprehensive guide on remittances to help you understand all the factors that come into play when you convert NGN to BBD. Establishing a solid understanding of all the criteria that affect your transaction speed will help you compare various money transfer companies to see which one can provide you with the fastest transaction.

One possible approach that will help you send money fast to Barbados from Nigeria is to rely on cash as payment as well as delivery method. This would mean paying for your transfer with cash, most likely by walking into your provider's office or agent location. Similarly, your recipient could also pick up cash in Barbados if they have a pickup location nearby. Dealing with cash on both sides will eliminate bank transfers in the middle which generally take longer as money has to move between banks.

One drawback of cash transfers is the need to go to physical drop off and pickup locations, and the inherent risk involved in carrying cash, especially for larger amounts. Another one is that cash transfers generally involve lower exchange rates as compared to online transfers. If you do not want to handle cash for the aforementioned reasons, the next fastest transfers would be to payout BBD into a mobile wallet, or even do a mobile airtime popup. These methods would be faster than Nigeria bank to Barbados bank transfer.


Which are the best money transfer companies to transfer money to Barbados from Nigeria?

Since the Nigerian Naira to Barbadian Dollar money transfer ecosystem has so many players in it, selecting the right company might not be that simple. You have so many to choose from - established organizations like Western Union and MoneyGram to multi currency bank accounts to up and coming Fintech companies. Then, there is always your local bank in Nigeria that may also be able to send money to Barbados. With all these possibilities staring at you, it can be difficult to pick the company to give your business to.

The RemitFinder remittance engine will certainly help you to chart a path forward. Once you have selected your source and destination countries, we compare numerous companies to present you with an easy to digest comparison table. Here, you can easily see which companies meet your unique needs.

To further decrease the cost of your NGN to BBD money transfers, we also source exclusive coupons and promotions from various remittance providers. This will increase the final amount your recipient in Barbados gets, so make sure to factor in deals as a part of your decision making process to select the best provider for your next Nigeria to Barbados transaction.


Step by step guide to transfer money to Barbados from Nigeria

There are many important aspects of Nigeria to Barbados remittances that will impact the yield you get. The most important one is the selection of the best money transfer company. For this, you can rely on RemitFinder's expertise in searching and comparing many global companies to present you many options in one simple, easy to understand view.

Once you have honed down on the company you want to go with, the below step by step tutorial will help you execute your transfer in an effective manner.

  • Step 1 - Create your account with the chosen remittance company. Please be aware that you will likely be asked for identification documents and personal information. This is an important step for the company to ensure that you are a genuine person and ensure you comply with various legal regulations like anti money laundering.
  • Step 2 - Provision the manner in which you will fund your remittance transaction. The forex company may accept payment in multiple ways - Nigeria bank account, credit and debit cards, and sometimes even cash that you can pay with by walking into a branch or outlet.
  • Step 3 - Similar to the previous step, also provision the manner in which the receiver will access the funds. The most common delivery methods include BBD bank deposit, cash pick up in a physical provider location or agent's office, mobile wallet credit and mobile airtime popup.
  • Step 4 - Provision recipient details including name and address.
  • Step 5 - Decide how much Nigerian Naira amount you want to send from Nigeria.
  • Step 6 - Optionally, check if there are any deals or promotions going on. You can rely on RemitFinder to provide you this information. Discounts help you save even more, so be sure to use one if available.
  • Step 7 - Validate all the information for accuracy and start your transaction.

From this point on, the remittance company will keep you posted on the progress of your transaction. Be sure to check with your recipient in Barbados to validate that they get the money once the transaction clears.