We’ve compared 7 companies, and found Paysend to be the cheapest, while Remitly is the fastest.
Sending £6,000 gets you BD$7,901.91 with Paysend at 1.3170 BMD per GBP, about 0.83% more than the next best option.
| 7 of 7 providers Last updated on 28 October 2026 | |||
| Based on 6,000 GBP transfer Best companies for GBP/BMD transfers | |||
| Promoted  Wise Pay via Bank transfer | Fee £191.79 1 GBP = 1.3295 BMD -0.01% vs mid-market | Recipient gets $7,721.72 Within a week | |
Ways to receive money in Bermuda with Wise when paying by bank transfer. MethodFee & ratesRecipient gets Bank depositWithin a weekAvailable via:SWIFT £191.791 GBP = 1.3295 BMD $7,721.72You pay£6,000.00 | |||
| Promoted  Remitly Pay via Debit card | Fee £0.00 1 GBP = 1.3060 BMD +1.77% vs mid-market | Recipient gets $7,836.00 Within minutes | |
Ways to receive money in Bermuda with Remitly when paying by debit card. MethodFee & ratesRecipient gets Bank depositWithin minutes Free1 GBP = 1.3060 BMD $7,836.00You pay£6,000.00 | |||
Run a live search Showing top United Kingdom to Bermuda deals for 6,000 GBP. Do a live search with your exact amount for today's best rates. | |||
Run a live search Showing companies that send from a business account. Run a business search to get live GBP to BMD rates. | |||
Run a live search These companies offer multi-currency accounts for spending BMD. We suggest doing a live search based on how much GBP you're planning to spend in Bermuda. | |||
Run a live search These are managed services with real human support for large GBP transfers. Click the link and update the transfer amount to get the best deal. | |||
 Paysend Pay via Debit card | Fee £0.00 1 GBP = 1.3170 BMD +0.93% vs mid-market | Recipient gets $7,901.91 Minutes - 24 hours | |
Ways to receive money in Bermuda with Paysend when paying by debit card. MethodFee & ratesRecipient gets Bank depositMinutes - 24 hours Free1 GBP = 1.3170 BMD $7,901.91You pay£6,000.00 | |||
| Paysend Pay via Credit card | Fee £0.00 1 GBP = 1.3170 BMD +0.93% vs mid-market | Recipient gets $7,901.91 Minutes - 24 hours | |
Ways to receive money in Bermuda with Paysend when paying by credit card. MethodFee & ratesRecipient gets Bank depositMinutes - 24 hours Free1 GBP = 1.3170 BMD $7,901.91You pay£6,000.00 | |||
| Remitly Pay via Debit card | Fee £0.00 1 GBP = 1.3060 BMD +1.77% vs mid-market | Recipient gets $7,836.00 Within minutes | |
Ways to receive money in Bermuda with Remitly when paying by debit card. MethodFee & ratesRecipient gets Bank depositWithin minutes Free1 GBP = 1.3060 BMD $7,836.00You pay£6,000.00 | |||
| Remitly Pay via Credit card | Fee £0.00 1 GBP = 1.3060 BMD +1.77% vs mid-market | Recipient gets $7,836.00 Within minutes | |
Ways to receive money in Bermuda with Remitly when paying by credit card. MethodFee & ratesRecipient gets Bank depositWithin minutes Free1 GBP = 1.3060 BMD $7,836.00You pay£6,000.00 | |||
| Remitly Pay via Bank transfer | Fee £0.00 1 GBP = 1.3060 BMD +1.77% vs mid-market | Recipient gets $7,836.00 Within a week | |
Ways to receive money in Bermuda with Remitly when paying by bank transfer. MethodFee & ratesRecipient gets Bank depositWithin a week Free1 GBP = 1.3060 BMD $7,836.00You pay£6,000.00 | |||
 TransferGo Pay via Bank transfer | Fee £0.00 1 GBP = 1.2975 BMD +2.42% vs mid-market | Recipient gets $7,784.94 Next day | |
Ways to receive money in Bermuda with TransferGo when paying by bank transfer. MethodFee & ratesRecipient gets Bank depositNext day Free1 GBP = 1.2975 BMD $7,784.94You pay£6,000.00 | |||
 NatWest Pay via Bank transfer | Fee £0.00 1 GBP = 1.2957 BMD +2.57% vs mid-market | Recipient gets $7,773.91 | |
Ways to receive money in Bermuda with NatWest when paying by bank transfer. MethodFee & ratesRecipient gets Bank deposit Free1 GBP = 1.2957 BMD $7,773.91You pay£6,000.00 | |||
 Royal Bank of Scotland Pay via Bank transfer | Fee £0.00 1 GBP = 1.2957 BMD +2.57% vs mid-market | Recipient gets $7,773.91 | |
Ways to receive money in Bermuda with Royal Bank of Scotland when paying by bank transfer. MethodFee & ratesRecipient gets Bank deposit Free1 GBP = 1.2957 BMD $7,773.91You pay£6,000.00 | |||
| $0 fee on first online transfers  MoneyGram Pay via Debit card | Fee £4.99 1 GBP = 1.2941 BMD +2.69% vs mid-market | Recipient gets $7,764.60 Minutes - 24 hours | |
Ways to receive money in Bermuda with MoneyGram when paying by debit card. MethodFee & ratesRecipient gets Cash pickupMinutes - 24 hours £4.991 GBP = 1.2941 BMD $7,764.60You pay£6,004.99 | |||
| $0 fee on first online transfers MoneyGram Pay via Credit card | Fee £4.99 1 GBP = 1.2941 BMD +2.69% vs mid-market | Recipient gets $7,764.60 Minutes - 24 hours | |
Ways to receive money in Bermuda with MoneyGram when paying by credit card. MethodFee & ratesRecipient gets Cash pickupMinutes - 24 hours £4.991 GBP = 1.2941 BMD $7,764.60You pay£6,004.99 | |||
| $0 fee on first online transfers MoneyGram Pay via Bank transfer | Fee £4.99 1 GBP = 1.2941 BMD +2.69% vs mid-market | Recipient gets $7,764.60 Minutes - 24 hours | |
Ways to receive money in Bermuda with MoneyGram when paying by bank transfer. MethodFee & ratesRecipient gets Cash pickupMinutes - 24 hours £4.991 GBP = 1.2941 BMD $7,764.60You pay£6,004.99 | |||
| Wise Pay via Bank transfer | Fee £191.79 1 GBP = 1.3295 BMD -0.01% vs mid-market | Recipient gets $7,721.72 Within a week | |
Ways to receive money in Bermuda with Wise when paying by bank transfer. MethodFee & ratesRecipient gets Bank depositWithin a weekAvailable via:SWIFT £191.791 GBP = 1.3295 BMD $7,721.72You pay£6,000.00 | |||
| Wise Pay via Debit card | Fee £209.72 1 GBP = 1.3295 BMD -0.01% vs mid-market | Recipient gets $7,697.89 Within a week | |
Ways to receive money in Bermuda with Wise when paying by debit card. MethodFee & ratesRecipient gets Bank depositWithin a weekAvailable via:SWIFT £209.721 GBP = 1.3295 BMD $7,697.89You pay£6,000.00 | |||
| Wise Pay via Credit card | Fee £317.33 1 GBP = 1.3295 BMD -0.01% vs mid-market | Recipient gets $7,554.83 Within a week | |
Ways to receive money in Bermuda with Wise when paying by credit card. MethodFee & ratesRecipient gets Bank depositWithin a weekAvailable via:SWIFT £317.331 GBP = 1.3295 BMD $7,554.83You pay£6,000.00 | |||
| How Our Results Work Mid-market rate: 1 GBP = 1.3293 BMD Updates every 60 minutes. | |||
Transfer details
For a one-off GBP transfer to Bermuda, 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 Bermuda.
On a 6,000 GBP transfer, Paysend delivers the most BMD.
The best option will change depending on how much you actually send, so I suggest to get the best GBP/BMD rate.
You have 3 ways to pay, including bank transfer, debit card, and credit card.
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.
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.
How much GBP you send to Bermuda 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 100% of the transfers from £6,000 it quoted, and in 100% of all the transfers it quoted.
| Cheapest service | |||||
|---|---|---|---|---|---|
| £500 | 0.93% | £0.00 | $658.49with debit card to bank deposit | +$14.36 | |
| £1,000 | 1.75% | £0.00 | $1,304.80with debit card to bank deposit | +$14.79 | |
| £2,000 | 0.91% | £0.00 | $2,631.99with debit card to bank deposit | +$41.87 | |
| £6,000This page | 0.93% | £0.00 | $7,901.91with debit card to bank deposit | +$122.42 | |
| £10,000 | 0.27% | £0.00 | $13,256.59with bank transfer to bank deposit | +$330.56 | |
| £50,000 | 0.25% | £0.00 | $66,223.18with bank transfer to bank deposit | +$1,281.58 | |
| £250,000 | £7,518.02 | $322,258.55with bank transfer to bank deposit | +$161,129.28 |
Mid-market rate: 1 GBP = 1.3293 BMD
The cheapest way to send GBP to BMD 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 Bermuda.
Wed, 28 Oct 2026Mid-market rate$7,976.08 Paysend $7,901.91 NatWest $7,773.91Paysend$7,901.91Remitly$7,836.00TransferGo$7,784.94Extra cost of a bank$128.00
| Exchange rate | Fee | Recipient gets | Difference | |
|---|---|---|---|---|
| Mid-market rate | 1.3236 | – | $7,941.71 | |
 | 1.3200 | £0.00 | $7,920.27 | −$21.44 |
| | 1.2932 | £0.00 | $7,758.97 | −$182.74 |
| | 1.2918 | £0.00 | $7,751.10 | −$190.61 |
| | – | – | – | – |
| | – | – | – | – |
| Exchange rate | Fee | Recipient gets | Difference | |
|---|---|---|---|---|
| Mid-market rate | 1.3264 | – | $7,958.24 | |
| | 1.3228 | £0.00 | $7,936.76 | −$21.48 |
| | 1.2946 | £0.00 | $7,767.60 | −$190.64 |
| | – | – | – | – |
| | – | – | – | – |
| Bank No quote collected this day | – | – | – | – |
| Exchange rate | Fee | Recipient gets | Difference | |
|---|---|---|---|---|
| Mid-market rate | 1.3229 | – | $7,937.19 | |
| | 1.3193 | £0.00 | $7,915.76 | −$21.43 |
| | 1.2916 | £0.00 | $7,749.48 | −$187.71 |
| | – | – | – | – |
| | – | – | – | – |
| | – | – | – | – |
| Exchange rate | Fee | Recipient gets | Difference | |
|---|---|---|---|---|
| Mid-market rate | 1.3211 | – | $7,926.81 | |
| | 1.3176 | £0.00 | $7,905.41 | −$21.40 |
| | 1.2916 | £0.00 | $7,749.48 | −$177.33 |
| | 1.2892 | £0.00 | $7,735.38 | −$191.43 |
| | – | – | – | – |
| | – | – | – | – |
| Exchange rate | Fee | Recipient gets | Difference | |
|---|---|---|---|---|
| Mid-market rate | 1.3243 | – | $7,945.80 | |
| | 1.3207 | £0.00 | $7,924.35 | −$21.45 |
| | – | – | – | – |
| | – | – | – | – |
| | – | – | – | – |
| Bank No quote collected this day | – | – | – | – |
| Exchange rate | Fee | Recipient gets | Difference | |
|---|---|---|---|---|
| Mid-market rate | 1.3211 | – | $7,926.30 | |
| | 1.3175 | £0.00 | $7,904.90 | −$21.40 |
| | 1.2921 | £0.00 | $7,752.42 | −$173.88 |
| | 1.2790 | £0.00 | $7,673.88 | −$252.42 |
| | – | – | – | – |
| | – | – | – | – |
| Exchange rate | Fee | Recipient gets | Difference | |
|---|---|---|---|---|
| Mid-market rate | 1.3225 | – | $7,934.99 | |
| | 1.3189 | £0.00 | $7,913.56 | −$21.43 |
| | 1.2897 | £0.00 | $7,738.25 | −$196.74 |
| | – | – | – | – |
| | – | – | – | – |
| | – | – | – | – |
| Exchange rate | Fee | Recipient gets | Difference | |
|---|---|---|---|---|
| Mid-market rate | 1.3229 | – | $7,937.51 | |
| | 1.3193 | £0.00 | $7,916.08 | −$21.43 |
| | 1.2979 | £0.00 | $7,787.46 | −$150.05 |
| | 1.2897 | £0.00 | $7,738.25 | −$199.26 |
| | – | – | – | – |
| | – | – | – | – |
| Exchange rate | Fee | Recipient gets | Difference | |
|---|---|---|---|---|
| Mid-market rate | 1.3242 | – | $7,945.45 | |
| | 1.3207 | £0.00 | $7,923.99 | −$21.46 |
| | 1.2919 | £0.00 | $7,751.65 | −$193.80 |
| | – | – | – | – |
| | – | – | – | – |
| | – | – | – | – |
| Exchange rate | Fee | Recipient gets | Difference | |
|---|---|---|---|---|
| Mid-market rate | 1.3199 | – | $7,919.22 | |
| | 1.3163 | £0.00 | $7,897.84 | −$21.38 |
| | – | – | – | – |
| | – | – | – | – |
| | – | – | – | – |
| Bank No quote collected this day | – | – | – | – |
| Exchange rate | Fee | Recipient gets | Difference | |
|---|---|---|---|---|
| Mid-market rate | 1.3239 | – | $7,943.39 | |
| | 1.3203 | £0.00 | $7,921.94 | −$21.45 |
| | 1.2985 | £0.00 | $7,790.76 | −$152.63 |
| | 1.2899 | £0.00 | $7,739.52 | −$203.87 |
| | – | – | – | – |
| | – | – | – | – |
| Exchange rate | Fee | Recipient gets | Difference | |
|---|---|---|---|---|
| Mid-market rate | – | – | – | |
| | 1.2897 | £0.00 | $7,738.03 | – |
| | 1.2885 | £0.00 | $7,731.24 | – |
| | – | – | – | – |
| | – | – | – | – |
| Exchange rate | Fee | Recipient gets | Difference | |
|---|---|---|---|---|
| Mid-market rate | 1.3241 | – | $7,944.90 | |
| | 1.3206 | £0.00 | $7,923.45 | −$21.45 |
| | 1.2897 | £0.00 | $7,738.03 | −$206.87 |
| | – | – | – | – |
| | – | – | – | – |
| | – | – | – | – |
| Exchange rate | Fee | Recipient gets | Difference | |
|---|---|---|---|---|
| Mid-market rate | 1.3242 | – | $7,945.44 | |
| | 1.3207 | £0.00 | $7,923.99 | −$21.45 |
| | 1.2989 | £0.00 | $7,793.52 | −$151.92 |
| | 1.2926 | £0.00 | $7,755.88 | −$189.56 |
| | – | – | – | – |
| | – | – | – | – |
| Exchange rate | Fee | Recipient gets | Difference | |
|---|---|---|---|---|
| Mid-market rate | – | – | – | |
| | 1.2923 | £0.00 | $7,753.83 | – |
| | – | – | – | – |
| | – | – | – | – |
| | – | – | – | – |
| Exchange rate | Fee | Recipient gets | Difference | |
|---|---|---|---|---|
| Mid-market rate | 1.3152 | – | $7,891.26 | |
| | 1.3117 | £0.00 | $7,869.95 | −$21.31 |
| | 1.2933 | £0.00 | $7,759.83 | −$131.43 |
| | 1.2903 | £0.00 | $7,741.62 | −$149.64 |
| | – | – | – | – |
| | – | – | – | – |
| Exchange rate | Fee | Recipient gets | Difference | |
|---|---|---|---|---|
| Mid-market rate | 1.3244 | – | $7,946.44 | |
| | 1.3208 | £0.00 | $7,924.99 | −$21.45 |
| | 1.2990 | £0.00 | $7,794.00 | −$152.44 |
| | 1.2912 | £0.00 | $7,747.16 | −$199.28 |
| | – | – | – | – |
| | – | – | – | – |
| Exchange rate | Fee | Recipient gets | Difference | |
|---|---|---|---|---|
| Mid-market rate | 1.3321 | – | $7,992.49 | |
| | 1.3285 | £0.00 | $7,970.91 | −$21.58 |
| | 1.3068 | £0.00 | $7,840.62 | −$151.87 |
| | 1.2912 | £0.00 | $7,747.16 | −$245.33 |
| | – | – | – | – |
| | – | – | – | – |
No data was collected on Sat, 17 Oct 2026.
| Exchange rate | Fee | Recipient gets | Difference | |
|---|---|---|---|---|
| Mid-market rate | 1.3296 | – | $7,977.90 | |
| | 1.2953 | £4.99 | $7,771.80 | −$206.10 |
| | – | – | – | – |
| | – | – | – | – |
| | – | – | – | – |
| Bank No quote collected this day | – | – | – | – |
| Exchange rate | Fee | Recipient gets | Difference | |
|---|---|---|---|---|
| Mid-market rate | 1.3325 | – | $7,995.20 | |
| | 1.3289 | £0.00 | $7,973.62 | −$21.58 |
| | 1.3072 | £0.00 | $7,843.26 | −$151.94 |
| | 1.2979 | £0.00 | $7,787.61 | −$207.59 |
| | – | – | – | – |
| | – | – | – | – |
| Exchange rate | Fee | Recipient gets | Difference | |
|---|---|---|---|---|
| Mid-market rate | 1.3348 | – | $8,008.70 | |
| | 1.3312 | £0.00 | $7,987.08 | −$21.62 |
| | 1.3094 | £0.00 | $7,856.58 | −$152.12 |
| | 1.2979 | £0.00 | $7,787.61 | −$221.09 |
| | – | – | – | – |
| | – | – | – | – |
| Exchange rate | Fee | Recipient gets | Difference | |
|---|---|---|---|---|
| Mid-market rate | 1.3392 | – | $8,035.30 | |
| | 1.3356 | £0.00 | $8,013.61 | −$21.69 |
| | 1.3057 | £0.00 | $7,833.93 | −$201.37 |
| | – | – | – | – |
| | – | – | – | – |
| | – | – | – | – |
| Exchange rate | Fee | Recipient gets | Difference | |
|---|---|---|---|---|
| Mid-market rate | 1.3410 | – | $8,046.08 | |
| | 1.3374 | £0.00 | $8,024.35 | −$21.73 |
| | 1.3057 | £0.00 | $7,833.93 | −$212.15 |
| | – | – | – | – |
| | – | – | – | – |
| | – | – | – | – |
| Exchange rate | Fee | Recipient gets | Difference | |
|---|---|---|---|---|
| Mid-market rate | 1.3381 | – | $8,028.85 | |
| | 1.3345 | £0.00 | $8,007.17 | −$21.68 |
| | 1.3051 | £0.00 | $7,830.70 | −$198.15 |
| | – | – | – | – |
| | – | – | – | – |
| | – | – | – | – |
| Exchange rate | Fee | Recipient gets | Difference | |
|---|---|---|---|---|
| Mid-market rate | 1.3375 | – | $8,024.70 | |
| | 1.3338 | £0.00 | $8,003.03 | −$21.67 |
| | 1.3047 | £0.00 | $7,828.07 | −$196.63 |
| | 1.3015 | £0.00 | $7,808.88 | −$215.82 |
| | – | – | – | – |
| | – | – | – | – |
| Exchange rate | Fee | Recipient gets | Difference | |
|---|---|---|---|---|
| Mid-market rate | 1.3375 | – | $8,024.70 | |
| | 1.3253 | £0.00 | $7,951.56 | −$73.14 |
| | 1.3139 | £0.00 | $7,883.40 | −$141.30 |
| | 1.3047 | £0.00 | $7,828.07 | −$196.63 |
| | – | – | – | – |
| Exchange rate | Fee | Recipient gets | Difference | |
|---|---|---|---|---|
| Mid-market rate | 1.3352 | – | $8,010.90 | |
| | 1.3234 | £0.00 | $7,940.26 | −$70.64 |
| | 1.3123 | £0.00 | $7,873.80 | −$137.10 |
| | 1.3033 | £0.00 | $7,819.56 | −$191.34 |
| | 1.3010 | £0.00 | $7,806.29 | −$204.61 |
| Exchange rate | Fee | Recipient gets | Difference | |
|---|---|---|---|---|
| Mid-market rate | 1.3324 | – | $7,994.62 | |
| | 1.3288 | £0.00 | $7,973.03 | −$21.59 |
| | 1.2990 | £0.00 | $7,794.09 | −$200.53 |
| | – | – | – | – |
| | – | – | – | – |
| | – | – | – | – |
| Exchange rate | Fee | Recipient gets | Difference | |
|---|---|---|---|---|
| Mid-market rate | 1.3293 | – | $7,976.08 | |
| | 1.3170 | £0.00 | $7,901.91 | −$74.17 |
| | 1.3060 | £0.00 | $7,836.00 | −$140.08 |
| | 1.2975 | £0.00 | $7,784.94 | −$191.14 |
| | 1.2957 | £0.00 | $7,773.91 | −$202.17 |
| Exchange rate | Fee | Recipient gets | Difference |
|---|
| Mid-market rate | 1.3293 | – | $7,976.08 | |
|---|---|---|---|---|
| Bank No quote collected this day | – | – | – | – |
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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 BMD 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 BMD on every transfer from UK.
Right now, Paysend pays 7,901.91 BMD on 6,000 GBP, which is 74.17 BMD less than the mid-market amount.
Today's payout isn't the best this month though, since the highest receive amount was 8,024.35 BMD.
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.
Just because a company is the cheapest today doesn't mean it's always the best option for sending money to Bermuda.
We've tracked 195 comparisons to check how often today's top companies were the cheapest across 7 amounts over the past month.
Cheapest every time
Cheapest in 55% of them
Cheapest in 5% of them
Never the cheapest
Based on 49 comparisons across 7 amounts over the last 7 days.
Cheapest every time
Cheapest in 58% of them
Cheapest in 10% of them
Cheapest in 7% of them
Based on 195 comparisons across 7 amounts over the last 30 days.
Cheapest in 91% of them
Cheapest in 44% of them
Cheapest in 16% of them
Cheapest in 13% of them
Based on 504 comparisons across 7 amounts over the last 90 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.
There are many ways to send money to Bermuda from the UK, including online, app, in person, bank, SNPL, digital wallet, multi-currency account, and global account, and more.
For small & frequent transfers
If you send small amounts back home to Bermuda, say weekly or monthly, an app like Paysend is the easiest and cheapest way to do it.
It charges £0 in fees, has 0.93% markup, lets you save recipient details, and BMD 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
Sending money online is good for occasional medium sized BMD transfers, around £1,000 - £5,000.
Online companies like Paysend often have higher limits and/or first time promos.
Of the 7 companies we compared, Paysend is the cheapest online service and will get you BD$7,901.91 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
Currency brokers like TorFX or Key Currency, are the best for sending large amounts (£10k+) to Bermuda.
They charge no fees but add a percentage on top of the GBP/BMD interbank rate (which gets better the more you send).
We suggest to compare your options.
For fast money transfers
Sending cash is the fastest way to send money from the UK to Bermuda, but is usually a bit more expensive.
You will need to deposit £6,000 online via Remitly, and your recipient in Bermuda will be able to collect BD$7,836 in minutes.
Our data shows Remitly came out cheapest among in-person options on 100% of days in the past month.
For spending and receiving
Multi-currency accounts let you hold and spend Bermudian Dollar abroad like a local.
Wise offers the best multi-currency account.
With it, converting £6,000 to BMD will get you BD$7,721.72 after fees.
If you don’t have BMD in your account, your GBP will auto-convert whenever you pay with Wise in Bermuda.
Once you have BMD 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 are for UK businesses making payments overseas.
For suppliers, freelancers, salaries, or invoices in Bermuda, companies like Airwallex, WorldFirst, or Payoneer handle batch and recurring payments a consumer app simply can’t.
Only if you have to
Your UK bank is the most expensive way to send money to Bermuda.
On a £6,000 transfer, banks like NatWest will add 2.56% markup, getting you BD$7,773.91 vs BD$7,901.91 with Paysend.
We found NatWest was the cheapest bank on 25 of the 25 days it appeared for this amount.
Pay-in and pay-out methods will affect how much GBP you deposit and how much BMD your recipient gets. Use the table below to see how different options change how much you pay and what they get.
Our data shows that Paysend gets your recipient 128 BMD more than NatWest, today's cheapest bank, on the same £6,000.
The overall best and cheapest way to send £6,000 to Bermuda is via Paysend, using a debit card to deposit GBP and bank deposit to receive BMD.
You have 3 pay-in options for transfers to Bermuda, including bank transfer, debit card, and credit card.
The cheapest pay-in option is debit 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 credit card.
Be careful with credit card deposits, since your bank often treats it as a cash advance and will charge interest.
Money can reach Bermuda by bank deposit and cash pickup, and each delivery method comes with its own fees.
The cheapest way to receive money in Bermuda is with bank deposit on average.
Receiving cash
Remitly is the cheapest option for cash pickup (getting you BD$7,836 on a £6,000 transfer).
Digital wallets
Your recipient can receive BMD directly into a digital wallet (like PayPal) which usually takes a few minutes to arrive.
You pay £6,000.00
BD$7,902
Cheapest
You pay £6,000.00
BD$7,902
BD$0
You pay £6,000.00
BD$7,836
-BD$66
You pay £6,004.99
BD$7,765
-BD$137
You pay £6,004.99
BD$7,765
-BD$137
You pay £6,004.99
BD$7,765
-BD$137
There are a few nuances you should consider before sending GBP to Bermuda such as limits, taxes, and safety.
Right now, these are the best money transfer options for a £6,000 transfer to Bermuda:
Cheapest way to send money to Bermuda
The cheapest way is to use Paysend, pay in with a debit card and withdraw via bank deposit. You will get BD$7,901.91, which is 0.83% more than the next best option.
Fastest way to send money to Bermuda
The fastest way is to use Remitly via debit card deposit and bank deposit for pay out. You get BD$7,836 and it will arrive in within an hour.
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/BMD 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.
Your cost is the fee plus the exchange-rate margin.
For example, sending £6,000 with Paysend will get you 7,901.91 BMD, that’s including £0 fee and 0.93% in exchange rate markup.
A bank like NatWest on the other hand, will get you BD$7,773.91, that’s £0 in fees but 2.56% in FX fees.
There is no UK tax for the act of sending money to Bermuda.
And, regular gifts out of your normal income are free of inheritance tax straight away, no cap and no seven-year wait.
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.
We track 7 regulated companies offering money transfers from the UK to Bermuda in real time.
We analyse the fees, exchange rates, deposit/withdrawal methods, and each goes through our internal review.
Most GBP/BMD 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 195 comparisons across 7 amounts.
This page covers the cheapest and fastest options for GBP/BMD 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.
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