How to send money to Barbados from UK with the best GBP-BBD rate

We’ve compared 4 companies, and found Paysend to be the cheapest, while Paysend is the fastest.

Sending £6,000 gets you Bds$15,846.09 with Paysend at 2.6410 BBD per GBP, about 2.55% more than the next best option.

Best companies for GBP/BBD transfers

4 of 4 providers

Last updated on 28 October 2026

Based on 6,000 GBP transfer

Best companies for GBP/BBD transfers

Sort Cheapest
Promoted

Wise

Pay via Bank transfer
Fee £192.35 1 GBP = 2.6589 BBD +0.88% vs mid-market Recipient gets $15,441.96 Within a week
Multi-currency cardReceive to bank accountDedicated support for large transfers

Ways to receive money in Barbados with Wise when paying by bank transfer.

MethodFee & ratesRecipient gets
Bank depositWithin a weekAvailable via:SWIFT
£192.351 GBP = 2.6589 BBD
$15,441.96You pay£6,000.00

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Showing top United Kingdom to Barbados deals for 6,000 GBP. Do a live search with your exact amount for today's best rates.

Paysend

Pay via Debit card
Fee £0.00 1 GBP = 2.6410 BBD +1.55% vs mid-market Recipient gets $15,846.09 Minutes - 24 hours
CheapestFastest

Ways to receive money in Barbados with Paysend when paying by debit card.

MethodFee & ratesRecipient gets
Bank depositMinutes - 24 hours
Free1 GBP = 2.6410 BBD
$15,846.09You pay£6,000.00

Paysend

Pay via Credit card
Fee £0.00 1 GBP = 2.6410 BBD +1.55% vs mid-market Recipient gets $15,846.09 Minutes - 24 hours

Ways to receive money in Barbados with Paysend when paying by credit card.

MethodFee & ratesRecipient gets
Bank depositMinutes - 24 hours
Free1 GBP = 2.6410 BBD
$15,846.09You pay£6,000.00

Wise

Pay via Bank transfer
Fee £192.35 1 GBP = 2.6589 BBD +0.88% vs mid-market Recipient gets $15,441.96 Within a week
Recommended
Multi-currency cardReceive to bank accountDedicated support for large transfers

Ways to receive money in Barbados with Wise when paying by bank transfer.

MethodFee & ratesRecipient gets
Bank depositWithin a weekAvailable via:SWIFT
£192.351 GBP = 2.6589 BBD
$15,441.96You pay£6,000.00
$0 fee on first online transfers

MoneyGram

Pay via Bank transfer
Fee £4.99 1 GBP = 2.5720 BBD +4.20% vs mid-market Recipient gets $15,432.00 Minutes - 24 hours

Ways to receive money in Barbados with MoneyGram when paying by bank transfer.

MethodFee & ratesRecipient gets
Cash pickupMinutes - 24 hours
£4.991 GBP = 2.5720 BBD
$15,432.00You pay£6,004.99
$0 fee on first online transfers

MoneyGram

Pay via Debit card
Fee £4.99 1 GBP = 2.5719 BBD +4.20% vs mid-market Recipient gets $15,431.40 Minutes - 24 hours

Ways to receive money in Barbados with MoneyGram when paying by debit card.

MethodFee & ratesRecipient gets
Cash pickupMinutes - 24 hours
£4.991 GBP = 2.5719 BBD
$15,431.40You pay£6,004.99
$0 fee on first online transfers

MoneyGram

Pay via Credit card
Fee £4.99 1 GBP = 2.5719 BBD +4.20% vs mid-market Recipient gets $15,431.40 Minutes - 24 hours

Ways to receive money in Barbados with MoneyGram when paying by credit card.

MethodFee & ratesRecipient gets
Cash pickupMinutes - 24 hours
£4.991 GBP = 2.5719 BBD
$15,431.40You pay£6,004.99

Wise

Pay via Debit card
Fee £210.29 1 GBP = 2.6589 BBD +0.88% vs mid-market Recipient gets $15,394.26 Within a week
Multi-currency cardReceive to bank accountDedicated support for large transfers

Ways to receive money in Barbados with Wise when paying by debit card.

MethodFee & ratesRecipient gets
Bank depositWithin a weekAvailable via:SWIFT
£210.291 GBP = 2.6589 BBD
$15,394.26You pay£6,000.00

Wise

Pay via Credit card
Fee £317.88 1 GBP = 2.6589 BBD +0.88% vs mid-market Recipient gets $15,108.19 Within a week
Multi-currency cardReceive to bank accountDedicated support for large transfers

Ways to receive money in Barbados with Wise when paying by credit card.

MethodFee & ratesRecipient gets
Bank depositWithin a weekAvailable via:SWIFT
£317.881 GBP = 2.6589 BBD
$15,108.19You pay£6,000.00

Western Union

Pay via Debit card
Fee £0.00 1 GBP = 2.4515 BBD +8.99% vs mid-market Recipient gets $14,708.75 Minutes - 2 days
Receive to bank account or cash pickup

Ways to receive money in Barbados with Western Union when paying by debit card.

MethodFee & ratesRecipient gets
Bank depositMinutes - 2 days
Free1 GBP = 2.4515 BBD
$14,708.75You pay£6,000.00

Western Union

Pay via Bank transfer
Fee £0.00 1 GBP = 2.4515 BBD +8.99% vs mid-market Recipient gets $14,708.75 Minutes - 2 days
Receive to bank account or cash pickup

Ways to receive money in Barbados with Western Union when paying by bank transfer.

MethodFee & ratesRecipient gets
Bank depositMinutes - 2 days
Free1 GBP = 2.4515 BBD
$14,708.75You pay£6,000.00
How Our Results Work
Mid-market rate: 1 GBP = 2.6824 BBD Updates every 60 minutes.

How to send money from UK to Barbados

Pick a company

For a one-off GBP transfer to Barbados, I suggest picking the cheapest option which is Paysend.

Paysend was the cheapest on 3 of the 3 days it quoted £6,000 transfers to Barbados.

On a 6,000 GBP transfer, Paysend delivers the most BBD.

The best option will change depending on how much you actually send, so I suggest to get the best GBP/BBD rate.

Fund your transfer

You have 3 ways to pay, including debit card, credit card, and bank transfer.

Paying from your bank is usually both cheapest and quickest, since most companies connect straight into your banking app via Open Banking.

Anywhere a debit card works, Apple Pay and Google Pay usually do too.

Verify and send

First time round you'll need to confirm your name, date of birth, address and a photo ID.

On a £6,000 transfer it's normally instant but can take a couple of hours.

Compare amounts

How much GBP are you sending to Barbados?

How much GBP you send to Barbados heavily affects the best ways and the cheapest options. Use the table below to check how the cheapest options change and how much more you'd get by comparing.

Our analysis shows Paysend was the cheapest in 75% of the transfers from £6,000 it quoted, and in 44% of all the transfers it quoted.

Cheapest service
£500£0.00$1,321.55with debit card to bank deposit+$36.02
£1,0001.49%£0.00$2,639.70with debit card to bank deposit+$71.13
£2,0001.47%£0.00$5,281.40with debit card to bank deposit+$130.93
£6,000This page1.55%£0.00$15,846.09with debit card to bank deposit+$511.20
£10,0000.27%£0.00$26,749.26with bank transfer to bank deposit+$937.92
£50,0000.25%£0.00$133,625.70with bank transfer to bank deposit+$4,268.03
£250,0000.20%£0.00$669,085.40with bank transfer to bank deposit+$17,971.13

Mid-market rate: 1 GBP = 2.6824 BBD

GBP/BBD Exchange Rate History

Is today a good time to send money from UK to Barbados?

The cheapest way to send GBP to BBD can change every day, or stay with the same company all month.

We've compared the mid-market rate with the cheapest option each day (today it's Paysend), across 30 days of comparisons for 6,000 GBP transfers to Barbados.

BBD received for £6,000, after fees

Wed, 28 Oct 2026Mid-market rate$16,094.19 Paysend $15,846.09 With a bank No quotePaysend$15,846.09Wise$15,441.96MoneyGram$15,432.00Extra cost of a bankNo quote

15,200
15,400
15,600
15,800
16,000
16,200
16,400
At the mid-market rateWith the cheapest optionWith a bankPaysendWiseMoneyGram
Exchange rateFeeRecipient getsDifference
Mid-market rate 2.6675 – $16,005.28
Regency FX Cheapest 2.6603 £0.00 $15,962.06 −$43.22
NatWest 2.5753 £0.00 $15,451.78 −$553.50
Wise 2.6471 £192.36 $15,373.40 −$631.88
MoneyGram 2.5616 £4.99 $15,369.60 −$635.68
Paysend No quote collected this day – – – –
Exchange rateFeeRecipient getsDifference
Mid-market rate 2.6739 – $16,043.38
Regency FX Cheapest 2.6667 £0.00 $16,000.06 −$43.32
Wise 2.6530 £192.36 $15,407.67 −$635.71
MoneyGram 2.5552 £4.99 $15,331.20 −$712.18
Paysend No quote collected this day – – – –
Bank No quote collected this day – – – –
Exchange rateFeeRecipient getsDifference
Mid-market rate 2.6707 – $16,024.25
Regency FX Cheapest 2.6635 £0.00 $15,980.99 −$43.26
NatWest 2.5749 £0.00 $15,449.18 −$575.07
MoneyGram 2.5645 £4.99 $15,387.00 −$637.25
Wise 2.6454 £192.37 $15,363.50 −$660.75
Paysend No quote collected this day – – – –
Exchange rateFeeRecipient getsDifference
Mid-market rate 2.6749 – $16,049.56
Regency FX Cheapest 2.6677 £0.00 $16,006.22 −$43.34
NatWest 2.5749 £0.00 $15,449.18 −$600.38
Wise 2.6424 £192.37 $15,346.08 −$703.48
Paysend No quote collected this day – – – –
MoneyGram No quote collected this day – – – –
Exchange rateFeeRecipient getsDifference
Mid-market rate 2.6668 – $16,000.85
Regency FX Cheapest 2.6596 £0.00 $15,957.65 −$43.20
Wise 2.6478 £192.36 $15,377.47 −$623.38
MoneyGram 2.5514 £4.99 $15,308.40 −$692.45
Paysend No quote collected this day – – – –
Bank No quote collected this day – – – –
Exchange rateFeeRecipient getsDifference
Mid-market rate 2.6549 – $15,929.33
Regency FX Cheapest 2.6477 £0.00 $15,886.32 −$43.01
NatWest 2.5764 £0.00 $15,458.52 −$470.81
Wise 2.6478 £192.36 $15,377.47 −$551.86
MoneyGram 2.5514 £4.99 $15,308.40 −$620.93
Paysend No quote collected this day – – – –
Exchange rateFeeRecipient getsDifference
Mid-market rate 2.6617 – $15,970.05
Regency FX Cheapest 2.6545 £0.00 $15,926.93 −$43.12
NatWest 2.5720 £0.00 $15,432.24 −$537.81
Wise 2.6451 £192.37 $15,361.76 −$608.29
MoneyGram 2.5514 £4.99 $15,308.40 −$661.65
Paysend No quote collected this day – – – –
Exchange rateFeeRecipient getsDifference
Mid-market rate 2.6590 – $15,954.29
Regency FX Cheapest 2.6519 £0.00 $15,911.22 −$43.07
NatWest 2.5720 £0.00 $15,432.24 −$522.05
Wise 2.6457 £192.37 $15,365.25 −$589.04
Paysend No quote collected this day – – – –
MoneyGram No quote collected this day – – – –
Exchange rateFeeRecipient getsDifference
Mid-market rate 2.6658 – $15,995.08
Regency FX Cheapest 2.6586 £0.00 $15,951.89 −$43.19
NatWest 2.5741 £0.00 $15,444.82 −$550.26
Wise 2.6485 £192.36 $15,381.53 −$613.55
MoneyGram 2.5572 £4.99 $15,343.20 −$651.88
Paysend No quote collected this day – – – –
Exchange rateFeeRecipient getsDifference
Mid-market rate 2.6565 – $15,939.07
Regency FX Cheapest 2.6493 £0.00 $15,896.04 −$43.03
MoneyGram 2.5554 £4.99 $15,332.40 −$606.67
Wise 2.6399 £192.38 $15,331.54 −$607.53
Paysend No quote collected this day – – – –
Bank No quote collected this day – – – –
Exchange rateFeeRecipient getsDifference
Mid-market rate 2.6582 – $15,949.44
Regency FX Cheapest 2.6511 £0.00 $15,906.38 −$43.06
NatWest 2.5734 £0.00 $15,440.29 −$509.15
Wise 2.6477 £192.36 $15,376.89 −$572.55
MoneyGram 2.5475 £4.99 $15,285.00 −$664.44
Paysend No quote collected this day – – – –
Exchange rateFeeRecipient getsDifference
Mid-market rate – – –
NatWest Cheapest 2.5715 £0.00 $15,429.29 –
Wise 2.6470 £192.36 $15,372.82 –
MoneyGram 2.5572 £4.99 $15,343.20 –
Paysend No quote collected this day – – – –
Exchange rateFeeRecipient getsDifference
Mid-market rate 2.6671 – $16,002.52
Regency FX Cheapest 2.6599 £0.00 $15,959.31 −$43.21
NatWest 2.5715 £0.00 $15,429.29 −$573.23
Wise 2.6470 £192.36 $15,372.82 −$629.70
MoneyGram 2.5572 £4.99 $15,343.20 −$659.32
Paysend No quote collected this day – – – –
Exchange rateFeeRecipient getsDifference
Mid-market rate 2.6655 – $15,992.76
Regency FX Cheapest 2.6583 £0.00 $15,949.58 −$43.18
NatWest 2.5774 £0.00 $15,464.37 −$528.39
Wise 2.6486 £192.36 $15,382.12 −$610.64
MoneyGram 2.5572 £4.99 $15,343.20 −$649.56
Paysend No quote collected this day – – – –
Exchange rateFeeRecipient getsDifference
Mid-market rate 2.6708 – $16,024.96
Regency FX Cheapest 2.6636 £0.00 $15,981.69 −$43.27
NatWest 2.5756 £0.00 $15,453.86 −$571.10
Wise 2.6476 £192.36 $15,376.31 −$648.65
MoneyGram 2.5564 £4.99 $15,338.40 −$686.56
Paysend No quote collected this day – – – –
Exchange rateFeeRecipient getsDifference
Mid-market rate 2.6483 – $15,889.61
Regency FX Cheapest 2.6411 £0.00 $15,846.71 −$42.90
NatWest 2.5786 £0.00 $15,471.72 −$417.89
MoneyGram 2.5618 £4.99 $15,370.80 −$518.81
Wise 2.6308 £192.40 $15,278.63 −$610.98
Paysend No quote collected this day – – – –
Exchange rateFeeRecipient getsDifference
Mid-market rate 2.6663 – $15,997.64
Regency FX Cheapest 2.6591 £0.00 $15,954.45 −$43.19
Paysend No quote collected this day – – – –
Wise No quote collected this day – – – –
MoneyGram No quote collected this day – – – –
Bank No quote collected this day – – – –
Exchange rateFeeRecipient getsDifference
Mid-market rate 2.6832 – $16,099.03
Regency FX Cheapest 2.6759 £0.00 $16,055.56 −$43.47
Royal Bank of Scotland 2.5919 £0.00 $15,551.29 −$547.74
Wise 2.6641 £192.34 $15,472.19 −$626.84
MoneyGram 2.5624 £4.99 $15,374.40 −$724.63
Paysend No quote collected this day – – – –
Exchange rateFeeRecipient getsDifference
Mid-market rate 2.6820 – $16,092.06
Regency FX Cheapest 2.6748 £0.00 $16,048.61 −$43.45
NatWest 2.5939 £0.00 $15,563.56 −$528.50
Wise 2.6653 £192.34 $15,479.16 −$612.90
MoneyGram 2.5746 £4.99 $15,447.60 −$644.46
Paysend No quote collected this day – – – –
Exchange rateFeeRecipient getsDifference
Mid-market rate 2.6820 – $16,092.06
MoneyGram Cheapest 2.5746 £4.99 $15,447.60 −$644.46
Paysend No quote collected this day – – – –
Wise No quote collected this day – – – –
Bank No quote collected this day – – – –
Exchange rateFeeRecipient getsDifference
Mid-market rate 2.6921 – $16,152.83
Regency FX Cheapest 2.6849 £0.00 $16,109.22 −$43.61
NatWest 2.5896 £0.00 $15,537.80 −$615.03
Wise 2.6651 £192.34 $15,477.99 −$674.84
MoneyGram 2.5746 £4.99 $15,447.60 −$705.23
Paysend No quote collected this day – – – –
Exchange rateFeeRecipient getsDifference
Mid-market rate 2.6888 – $16,132.87
Regency FX Cheapest 2.6816 £0.00 $16,089.31 −$43.56
NatWest 2.5896 £0.00 $15,537.80 −$595.07
Wise 2.6695 £192.33 $15,503.58 −$629.29
MoneyGram 2.5740 £4.99 $15,444.00 −$688.87
Paysend No quote collected this day – – – –
Exchange rateFeeRecipient getsDifference
Mid-market rate 2.6923 – $16,153.54
Regency FX Cheapest 2.6850 £0.00 $16,109.93 −$43.61
NatWest 2.6034 £0.00 $15,620.40 −$533.14
Wise 2.6787 £192.31 $15,557.06 −$596.48
MoneyGram 2.5780 £4.99 $15,468.00 −$685.54
Paysend No quote collected this day – – – –
Exchange rateFeeRecipient getsDifference
Mid-market rate 2.7011 – $16,206.83
Regency FX Cheapest 2.6938 £0.00 $16,163.08 −$43.75
NatWest 2.6034 £0.00 $15,620.40 −$586.43
Wise 2.6821 £192.30 $15,576.83 −$630.00
Paysend No quote collected this day – – – –
MoneyGram No quote collected this day – – – –
Exchange rateFeeRecipient getsDifference
Mid-market rate 2.6938 – $16,163.04
Regency FX Cheapest 2.6866 £0.00 $16,119.40 −$43.64
NatWest 2.6020 £0.00 $15,612.27 −$550.77
Wise 2.6763 £192.31 $15,543.12 −$619.92
MoneyGram 2.5871 £4.99 $15,522.60 −$640.44
Paysend No quote collected this day – – – –
Exchange rateFeeRecipient getsDifference
Mid-market rate 2.6919 – $16,151.11
Regency FX Cheapest 2.6846 £0.00 $16,107.50 −$43.61
NatWest 2.6014 £0.00 $15,608.18 −$542.93
Wise 2.6754 £192.31 $15,537.89 −$613.22
MoneyGram 2.5842 £4.99 $15,505.20 −$645.91
Paysend No quote collected this day – – – –
Exchange rateFeeRecipient getsDifference
Mid-market rate 2.6919 – $16,151.11
Paysend Cheapest 2.6576 £0.00 $15,945.65 −$205.46
NatWest 2.6014 £0.00 $15,608.18 −$542.93
Wise 2.6754 £192.31 $15,537.89 −$613.22
MoneyGram 2.5842 £4.99 $15,505.20 −$645.91
Exchange rateFeeRecipient getsDifference
Mid-market rate 2.6833 – $16,099.77
Paysend Cheapest 2.6538 £0.00 $15,923.00 −$176.77
NatWest 2.5954 £0.00 $15,572.28 −$527.49
Wise 2.6707 £192.32 $15,510.57 −$589.20
MoneyGram 2.5842 £4.99 $15,505.20 −$594.57
Exchange rateFeeRecipient getsDifference
Mid-market rate 2.6895 – $16,137.04
Regency FX Cheapest 2.6822 £0.00 $16,093.47 −$43.57
NatWest 2.5905 £0.00 $15,543.15 −$593.89
Wise 2.6647 £192.34 $15,475.67 −$661.37
MoneyGram 2.5782 £4.99 $15,469.20 −$667.84
Paysend No quote collected this day – – – –
Exchange rateFeeRecipient getsDifference
Mid-market rate 2.6824 – $16,094.19
Paysend Cheapest 2.6410 £0.00 $15,846.09 −$248.10
Wise 2.6589 £192.35 $15,441.96 −$652.23
MoneyGram 2.5720 £4.99 $15,432.00 −$662.19
Bank No quote collected this day – – – –

Exchange rateFeeRecipient getsDifference

Each line shows what the recipient gets when you send £6,000, after fees, as quoted by each company. The mid-market line shows what £6,000 converts to at the real exchange rate, with no fees or markup. Rates are checked once a day. Sponsored placements never affect this data. The bank line is the cheapest bank available on each day.

The dashed line is what you'd get at the mid-market rate with no fees, and the blue line is the cheapest option that day.

When the blue line goes above the dashed one, you're getting more BBD per GBP than the mid-market rate can offer.

This could be due to money transfer offers, FX rate adjustments, or market competitiveness.

No company, app or bank beat the mid-market rate over the past month, meaning you lose a bit of BBD on every transfer from UK.

Right now, Paysend pays 15,846.09 BBD on 6,000 GBP, which is 248.1 BBD less than the mid-market amount.

Today's payout isn't the best this month though, since the highest receive amount was 16,163.08 BBD.

If you can wait and want to get the most out of your transfer, create a rate alert and we'll let you know when the rate improves.

Cheapest over time

Picking the cheapest money transfer company

Just because a company is the cheapest today doesn't mean it's always the best option for sending money to Barbados.

We've tracked 196 comparisons to check how often today's top companies were the cheapest across 7 amounts over the past month.

  1. PaysendAppeared in 32 comparisons

    Cheapest in 44% of them

  2. WiseAppeared in 190 comparisons

    Never the cheapest

  3. MoneyGramAppeared in 157 comparisons

    Cheapest in 1% of them

Based on 196 comparisons across 7 amounts over the last 30 days.

Different companies can come out cheapest depending on the day and the amount you send.

To keep things fair, we only count the comparisons each company appeared in, and only analyse companies that appeared in at least 50% of all comparisons (so occasional cheapest options don't skew it).

Today Paysend is the cheapest, but it only quotes some of the amounts we track, so it isn't included in these figures.

Wise (today's second cheapest) was the cheapest in only 0% of its comparisons, so it's rarely the cheapest option for transfers to Barbados.

Ways to send money from the UK to Barbados

There are many ways to send money to Barbados from the UK, including online, app, in person, multi-currency account, and global account, and more.

For small & frequent transfers

Money transfer apps

If you send small amounts back home to Barbados, say weekly or monthly, an app like Paysend is the easiest and cheapest way to do it.

It charges £0 in fees, has 1.55% markup, lets you save recipient details, and BBD will arrive in minutes.

Over the past month, Paysend was the cheapest app on 100% of the days it appeared for £6,000 transfers.

For one off transfers

Online transfers

Sending money online is good for occasional medium sized BBD transfers, around £1,000 - £5,000.

Online companies like Paysend often have higher limits and/or first time promos.

Of the 4 companies we compared, Paysend is the cheapest online service and will get you Bds$15,846.09 on a £6,000 transfer.

In our comparisons over the past month, it was the cheapest online service on 3 of the 3 days it quoted.

For large transfers

Brokers

Currency brokers like TorFX or Key Currency, are the best for sending large amounts (£10k+) to Barbados.

They charge no fees but add a percentage on top of the GBP/BBD interbank rate (which gets better the more you send).

We suggest to compare your options.

For fast money transfers

Cash transfer

Sending cash is the fastest way to send money from the UK to Barbados, but is usually a bit more expensive.

You will need to deposit £6,000 online via MoneyGram, and your recipient in Barbados will be able to collect Bds$15,432 in minutes.

Our data shows MoneyGram came out cheapest among in-person options on 92% of days in the past month.

For spending and receiving

Multi-currency accounts

Multi-currency accounts let you hold and spend Barbados Dollar abroad like a local.

Wise offers the best multi-currency account.

With it, converting £6,000 to BBD will get you Bds$15,441.96 after fees.

If you don’t have BBD in your account, your GBP will auto-convert whenever you pay with Wise in Barbados.

Once you have BBD in the account, there are no extra fees from Wise for spending or holding it (local ATM charges may still apply).

Over the past month, it came out cheapest among multi-currency accounts on 100% of days.

For business transfers

Global accounts

Global accounts are for UK businesses making payments overseas.

For suppliers, freelancers, salaries, or invoices in Barbados, companies like Airwallex, WorldFirst, or Payoneer handle batch and recurring payments a consumer app simply can’t.

Ways to fund GBP and receive BBD in Barbados

Pay-in and pay-out methods will affect how much GBP you deposit and how much BBD your recipient gets. Use the table below to see how different options change how much you pay and what they get.

The overall best and cheapest way to send £6,000 to Barbados is via Paysend, using a debit card to deposit GBP and bank deposit to receive BBD.

Depositing GBP

You have 3 pay-in options for transfers to Barbados, including debit card, credit card, and bank transfer.

The cheapest pay-in option is credit card.

The fastest option in the UK is almost always bank transfer, since most companies use Open Banking and Faster Payments System (FPS).

The most expensive deposit option is bank transfer.

Be careful with credit card deposits, since your bank often treats it as a cash advance and will charge interest.

Receiving money in Barbados

Money can reach Barbados by bank deposit and cash pickup, and each delivery method comes with its own fees.

The cheapest way to receive money in Barbados is with bank deposit on average.

Receiving cash

MoneyGram is the cheapest option for cash pickup (getting you Bds$15,432 on a £6,000 transfer).

Digital wallets

Your recipient can receive BBD directly into a digital wallet (like PayPal) which usually takes a few minutes to arrive.

  1. 1
    Debit card Bank deposit

    You pay £6,000.00

    Bds$15,846

    Cheapest

  2. 2
    Credit card Bank deposit

    You pay £6,000.00

    Bds$15,846

    Bds$0

  3. 3
    Bank transfer Bank deposit

    You pay £6,000.00

    Bds$15,442

    -Bds$404

  4. 4
    Bank transfer Cash pickup

    You pay £6,004.99

    Bds$15,432

    -Bds$414

  5. 5
    Debit card Cash pickup

    You pay £6,004.99

    Bds$15,431

    -Bds$415

Show moreShow less
  1. 6
    Credit card Cash pickup

    You pay £6,004.99

    Bds$15,431

    -Bds$415

Consider this when sending GBP to Barbados

There are a few nuances you should consider before sending GBP to Barbados such as limits, taxes, and safety.

Compare GBP/BBD transfer options

Right now, these are the best money transfer options for a £6,000 transfer to Barbados:

Cheapest way to send money to Barbados

The cheapest way is to use Paysend, pay in with a debit card and withdraw via bank deposit. You will get Bds$15,846.09, which is 2.55% more than the next best option.

Fastest way to send money to Barbados

The fastest way is to use Paysend via debit card deposit and bank deposit for pay out. You get Bds$15,846.09 and it will arrive in minutes - 24 hours.

UK transfer limits

There is no legal limit and no tax on sending your own money abroad.

Main hard limits come from your bank or money transfer company, often around £10,000 to £25,000 online (which you can usually increase in the app).

Also, the "£10,000 declaration" only applies to physically carrying cash through the border, not online transfers.

And on bigger GBP/BBD transfers (roughly £10,000 up) expect a source-of-funds check, such as a payslip or a statement.

These are anti-money-laundering checks, and they can hold your transfer up, so have the documents ready.

The transfer costs involved

Your cost is the fee plus the exchange-rate margin.

For example, sending £6,000 with Paysend will get you 15,846.09 BBD, that’s including £0 fee and 1.55% in exchange rate markup.

A bank like on the other hand, will get you Bds$0, that’s £ in fees but % in FX fees.

Taxes on money transfers

There is no UK tax for the act of sending money to Barbados.

And, regular gifts out of your normal income are free of inheritance tax straight away, no cap and no seven-year wait.

Staying safe when sending abroad

Only ever use a provider authorised by the FCA, which you can check on the FCA register in under a minute.

The rules in place for any scams cover domestic pound transfers only, on a transfer abroad you're less protected.

Always confirm who you're really sending to before you send, because there's little recourse after.

For more information, check our guide to money transfer regulations in the UK.

How we analyse the market

We track 4 regulated companies offering money transfers from the UK to Barbados in real time.

We analyse the fees, exchange rates, deposit/withdrawal methods, and each goes through our internal review.

Most GBP/BBD pricing data comes directly from the providers. We collect the rest manually, run it through our comparison engine and label it in the table.

In the past 30 days alone, we analysed 196 comparisons across 7 amounts.

This page covers the cheapest and fastest options for GBP/BBD transfers. This is how we pick them:

  • Cheapest: the company that gets your recipient the most, after fees and the exchange rate. On a tie, live pricing from the company takes priority over the rates we collect by hand.

  • Fastest: the company with the shortest estimated delivery time once you’ve paid. On a tie, the one that pays out more takes priority.

More on how we work:

Any tax information is for general guidance only and does not constitute tax advice. Speak to a qualified tax adviser about your circumstances.