We’ve compared 5 companies, and found Remitly to be the cheapest, while Remitly is the fastest.
Sending £6,000 gets you BS$7,927.2 with Remitly at 1.3212 BSD per GBP, about 0.11% more than the next best option.
| 5 of 5 providers Last updated on 28 October 2026 | |||
| Based on 6,000 GBP transfer Best companies for GBP/BSD transfers | |||
| Promoted  Wise Pay via Bank transfer | Fee £210.31 1 GBP = 1.3295 BSD +0.18% vs mid-market | Recipient gets $7,697.10 Within a week | |
Ways to receive money in Bahamas with Wise when paying by bank transfer. MethodFee & ratesRecipient gets Bank depositWithin a weekAvailable via:SWIFT £210.311 GBP = 1.3295 BSD $7,697.10You pay£6,000.00 | |||
| Promoted  Remitly Pay via Debit card | Fee £0.00 1 GBP = 1.3212 BSD +0.80% vs mid-market | Recipient gets $7,927.20 Within minutes | |
Ways to receive money in Bahamas with Remitly when paying by debit card. MethodFee & ratesRecipient gets Bank depositWithin minutes Free1 GBP = 1.3212 BSD $7,927.20You pay£6,000.00 | |||
Run a live search Showing top United Kingdom to Bahamas 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 BSD rates. | |||
Run a live search These companies offer multi-currency accounts for spending BSD. We suggest doing a live search based on how much GBP you're planning to spend in Bahamas. | |||
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. | |||
| Remitly Pay via Debit card | Fee £0.00 1 GBP = 1.3212 BSD +0.80% vs mid-market | Recipient gets $7,927.20 Within minutes | |
Ways to receive money in Bahamas with Remitly when paying by debit card. MethodFee & ratesRecipient gets Bank depositWithin minutes Free1 GBP = 1.3212 BSD $7,927.20You pay£6,000.00 | |||
| Remitly Pay via Credit card | Fee £0.00 1 GBP = 1.3212 BSD +0.80% vs mid-market | Recipient gets $7,927.20 Within minutes | |
Ways to receive money in Bahamas with Remitly when paying by credit card. MethodFee & ratesRecipient gets Bank depositWithin minutes Free1 GBP = 1.3212 BSD $7,927.20You pay£6,000.00 | |||
| Remitly Pay via Bank transfer | Fee £0.00 1 GBP = 1.3212 BSD +0.80% vs mid-market | Recipient gets $7,927.20 Within a week | |
Ways to receive money in Bahamas with Remitly when paying by bank transfer. MethodFee & ratesRecipient gets Bank depositWithin a week Free1 GBP = 1.3212 BSD $7,927.20You pay£6,000.00 | |||
 Paysend Pay via Debit card | Fee £0.00 1 GBP = 1.3197 BSD +0.92% vs mid-market | Recipient gets $7,918.17 Minutes - 24 hours | |
Ways to receive money in Bahamas with Paysend when paying by debit card. MethodFee & ratesRecipient gets Bank depositMinutes - 24 hours Free1 GBP = 1.3197 BSD $7,918.17You pay£6,000.00 | |||
| Paysend Pay via Credit card | Fee £0.00 1 GBP = 1.3197 BSD +0.92% vs mid-market | Recipient gets $7,918.17 Minutes - 24 hours | |
Ways to receive money in Bahamas with Paysend when paying by credit card. MethodFee & ratesRecipient gets Bank depositMinutes - 24 hours Free1 GBP = 1.3197 BSD $7,918.17You pay£6,000.00 | |||
| $0 fee on first online transfers  MoneyGram Pay via Debit card | Fee £4.99 1 GBP = 1.3049 BSD +2.05% vs mid-market | Recipient gets $7,829.40 Minutes - 24 hours | |
Ways to receive money in Bahamas with MoneyGram when paying by debit card. MethodFee & ratesRecipient gets Cash pickupMinutes - 24 hours £4.991 GBP = 1.3049 BSD $7,829.40You pay£6,004.99 | |||
| $0 fee on first online transfers MoneyGram Pay via Credit card | Fee £4.99 1 GBP = 1.3049 BSD +2.05% vs mid-market | Recipient gets $7,829.40 Minutes - 24 hours | |
Ways to receive money in Bahamas with MoneyGram when paying by credit card. MethodFee & ratesRecipient gets Cash pickupMinutes - 24 hours £4.991 GBP = 1.3049 BSD $7,829.40You pay£6,004.99 | |||
| $0 fee on first online transfers MoneyGram Pay via Bank transfer | Fee £4.99 1 GBP = 1.3049 BSD +2.05% vs mid-market | Recipient gets $7,829.40 Minutes - 24 hours | |
Ways to receive money in Bahamas with MoneyGram when paying by bank transfer. MethodFee & ratesRecipient gets Cash pickupMinutes - 24 hours £4.991 GBP = 1.3049 BSD $7,829.40You pay£6,004.99 | |||
| Wise Pay via Bank transfer | Fee £210.31 1 GBP = 1.3295 BSD +0.18% vs mid-market | Recipient gets $7,697.10 Within a week | |
Ways to receive money in Bahamas with Wise when paying by bank transfer. MethodFee & ratesRecipient gets Bank depositWithin a weekAvailable via:SWIFT £210.311 GBP = 1.3295 BSD $7,697.10You pay£6,000.00 | |||
| Wise Pay via Debit card | Fee £228.13 1 GBP = 1.3295 BSD +0.18% vs mid-market | Recipient gets $7,673.41 Within a week | |
Ways to receive money in Bahamas with Wise when paying by debit card. MethodFee & ratesRecipient gets Bank depositWithin a weekAvailable via:SWIFT £228.131 GBP = 1.3295 BSD $7,673.41You pay£6,000.00 | |||
 Western Union Pay via Debit card | Fee £0.00 1 GBP = 1.2659 BSD +5.08% vs mid-market | Recipient gets $7,595.25 Minutes - 2 days | |
Ways to receive money in Bahamas with Western Union when paying by debit card. MethodFee & ratesRecipient gets Bank depositMinutes - 2 days Free1 GBP = 1.2659 BSD $7,595.25You pay£6,000.00 | |||
| Western Union Pay via Bank transfer | Fee £0.00 1 GBP = 1.2659 BSD +5.08% vs mid-market | Recipient gets $7,595.25 Minutes - 2 days | |
Ways to receive money in Bahamas with Western Union when paying by bank transfer. MethodFee & ratesRecipient gets Bank depositMinutes - 2 days Free1 GBP = 1.2659 BSD $7,595.25You pay£6,000.00 | |||
| Wise Pay via Credit card | Fee £335.06 1 GBP = 1.3295 BSD +0.18% vs mid-market | Recipient gets $7,531.25 Within a week | |
Ways to receive money in Bahamas with Wise when paying by credit card. MethodFee & ratesRecipient gets Bank depositWithin a weekAvailable via:SWIFT £335.061 GBP = 1.3295 BSD $7,531.25You pay£6,000.00 | |||
| How Our Results Work Mid-market rate: 1 GBP = 1.3319 BSD Updates every 60 minutes. | |||
Transfer details
For a one-off GBP transfer to Bahamas, I suggest picking the cheapest option which is Remitly.
Remitly was the cheapest on 2 of the 2 days it quoted £6,000 transfers to Bahamas.
On a 6,000 GBP transfer, Remitly delivers the most BSD.
The best option will change depending on how much you actually send, so I suggest to get the best GBP/BSD rate.
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.
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 Bahamas 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 Remitly was the cheapest in 67% of the transfers from £6,000 it quoted, and in 99% of all the transfers it quoted.
| Cheapest service | |||||
|---|---|---|---|---|---|
| £500 | 0.80% | £0.00 | $660.60with debit card to bank deposit | +$13.64 | |
| £1,000 | £0.00 | $1,320.00with debit card to bank deposit | +$26.79 | ||
| £2,000 | 0.80% | £0.00 | $2,640.00with debit card to bank deposit | +$46.98 | |
| £6,000This page | 0.80% | £0.00 | $7,927.20with debit card to bank deposit | +$142.71 | |
| £10,000 | 0.27% | £0.00 | $13,281.67with bank transfer to bank deposit | +$324.37 | |
| £50,000 | 0.25% | £0.00 | $66,348.51with bank transfer to bank deposit | +$1,246.89 | |
| £250,000 | 0.20% | £0.00 | $332,208.75with bank transfer to bank deposit | +$5,489.23 |
Mid-market rate: 1 GBP = 1.3319 BSD
The cheapest way to send GBP to BSD 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 Remitly), across 30 days of comparisons for 6,000 GBP transfers to Bahamas.
Wed, 28 Oct 2026Mid-market rate$7,991.17 Remitly $7,927.20Remitly$7,927.20Paysend$7,918.17MoneyGram$7,829.40
| Exchange rate | Fee | Recipient gets | Difference | |
|---|---|---|---|---|
| Mid-market rate | 1.3245 | – | $7,946.74 | |
 | 1.3209 | £0.00 | $7,925.28 | −$21.46 |
| | 1.2996 | £4.99 | $7,797.60 | −$149.14 |
| | – | – | – | – |
| | – | – | – | – |
| Exchange rate | Fee | Recipient gets | Difference | |
|---|---|---|---|---|
| Mid-market rate | 1.3275 | – | $7,965.19 | |
| | 1.3239 | £0.00 | $7,943.69 | −$21.50 |
| | 1.2963 | £4.99 | $7,777.80 | −$187.39 |
| | – | – | – | – |
| | – | – | – | – |
| Exchange rate | Fee | Recipient gets | Difference | |
|---|---|---|---|---|
| Mid-market rate | 1.3260 | – | $7,955.75 | |
| | 1.3224 | £0.00 | $7,934.27 | −$21.48 |
| | 1.3010 | £4.99 | $7,806.00 | −$149.75 |
| | – | – | – | – |
| | – | – | – | – |
| Exchange rate | Fee | Recipient gets | Difference | |
|---|---|---|---|---|
| Mid-market rate | 1.3281 | – | $7,968.68 | |
| | 1.3245 | £0.00 | $7,947.17 | −$21.51 |
| | 1.2945 | £4.99 | $7,767.00 | −$201.68 |
| | – | – | – | – |
| | – | – | – | – |
| Exchange rate | Fee | Recipient gets | Difference | |
|---|---|---|---|---|
| Mid-market rate | 1.3241 | – | $7,944.56 | |
| | 1.3205 | £0.00 | $7,923.11 | −$21.45 |
| | 1.2944 | £4.99 | $7,766.40 | −$178.16 |
| | – | – | – | – |
| | – | – | – | – |
| Exchange rate | Fee | Recipient gets | Difference | |
|---|---|---|---|---|
| Mid-market rate | 1.3182 | – | $7,909.05 | |
| | 1.3146 | £0.00 | $7,887.70 | −$21.35 |
| | 1.2944 | £4.99 | $7,766.40 | −$142.65 |
| | – | – | – | – |
| | – | – | – | – |
| Exchange rate | Fee | Recipient gets | Difference | |
|---|---|---|---|---|
| Mid-market rate | 1.3215 | – | $7,929.27 | |
| | 1.3180 | £0.00 | $7,907.86 | −$21.41 |
| | 1.2944 | £4.99 | $7,766.40 | −$162.87 |
| | – | – | – | – |
| | – | – | – | – |
| Exchange rate | Fee | Recipient gets | Difference | |
|---|---|---|---|---|
| Mid-market rate | 1.3202 | – | $7,921.27 | |
| | 1.3166 | £0.00 | $7,899.88 | −$21.39 |
| | 1.2955 | £4.99 | $7,773.00 | −$148.27 |
| | – | – | – | – |
| | – | – | – | – |
| Exchange rate | Fee | Recipient gets | Difference | |
|---|---|---|---|---|
| Mid-market rate | 1.3238 | – | $7,942.51 | |
| | 1.3202 | £0.00 | $7,921.06 | −$21.45 |
| | 1.2973 | £4.99 | $7,783.80 | −$158.71 |
| | – | – | – | – |
| | – | – | – | – |
| Exchange rate | Fee | Recipient gets | Difference | |
|---|---|---|---|---|
| Mid-market rate | 1.3192 | – | $7,914.94 | |
| | 1.3156 | £0.00 | $7,893.57 | −$21.37 |
| | 1.2964 | £4.99 | $7,778.40 | −$136.54 |
| | – | – | – | – |
| | – | – | – | – |
| Exchange rate | Fee | Recipient gets | Difference | |
|---|---|---|---|---|
| Mid-market rate | 1.3198 | – | $7,918.79 | |
| | 1.3162 | £0.00 | $7,897.41 | −$21.38 |
| | 1.2924 | £4.99 | $7,754.40 | −$164.39 |
| | – | – | – | – |
| | – | – | – | – |
| Exchange rate | Fee | Recipient gets | Difference | |
|---|---|---|---|---|
| Mid-market rate | 1.3242 | – | $7,945.25 | |
| | 1.3206 | £0.00 | $7,923.80 | −$21.45 |
| | 1.2973 | £4.99 | $7,783.80 | −$161.45 |
| | – | – | – | – |
| | – | – | – | – |
| Exchange rate | Fee | Recipient gets | Difference | |
|---|---|---|---|---|
| Mid-market rate | 1.3242 | – | $7,945.25 | |
| | 1.3206 | £0.00 | $7,923.80 | −$21.45 |
| | 1.2973 | £4.99 | $7,783.80 | −$161.45 |
| | – | – | – | – |
| | – | – | – | – |
| Exchange rate | Fee | Recipient gets | Difference | |
|---|---|---|---|---|
| Mid-market rate | 1.3234 | – | $7,940.41 | |
| | 1.3198 | £0.00 | $7,918.97 | −$21.44 |
| | 1.2973 | £4.99 | $7,783.80 | −$156.61 |
| | – | – | – | – |
| | – | – | – | – |
| Exchange rate | Fee | Recipient gets | Difference | |
|---|---|---|---|---|
| Mid-market rate | 1.3260 | – | $7,956.26 | |
| | 1.3225 | £0.00 | $7,934.78 | −$21.48 |
| | 1.2969 | £4.99 | $7,781.40 | −$174.86 |
| | – | – | – | – |
| | – | – | – | – |
| Exchange rate | Fee | Recipient gets | Difference | |
|---|---|---|---|---|
| Mid-market rate | 1.3149 | – | $7,889.46 | |
| | 1.3114 | £0.00 | $7,868.16 | −$21.30 |
| | 1.2997 | £4.99 | $7,798.20 | −$91.26 |
| | – | – | – | – |
| | – | – | – | – |
| Exchange rate | Fee | Recipient gets | Difference | |
|---|---|---|---|---|
| Mid-market rate | 1.3240 | – | $7,943.95 | |
| | 1.3204 | £0.00 | $7,922.50 | −$21.45 |
| | 1.3000 | £4.99 | $7,800.00 | −$143.95 |
| | – | – | – | – |
| | – | – | – | – |
| Exchange rate | Fee | Recipient gets | Difference | |
|---|---|---|---|---|
| Mid-market rate | – | – | – | |
 | 1.3016 | £0.00 | $7,809.60 | – |
| | 1.3000 | £4.99 | $7,800.00 | – |
| | – | – | – | – |
| | – | – | – | – |
| Exchange rate | Fee | Recipient gets | Difference | |
|---|---|---|---|---|
| Mid-market rate | – | – | – | |
| | 1.3061 | £4.99 | $7,836.60 | – |
| | – | – | – | – |
| | – | – | – | – |
| Exchange rate | Fee | Recipient gets | Difference | |
|---|---|---|---|---|
| Mid-market rate | 1.3316 | – | $7,989.61 | |
| | 1.3239 | £0.00 | $7,943.40 | −$46.21 |
| | 1.3236 | £0.00 | $7,941.40 | −$48.21 |
| | 1.3061 | £4.99 | $7,836.60 | −$153.01 |
| Exchange rate | Fee | Recipient gets | Difference | |
|---|---|---|---|---|
| Mid-market rate | 1.3369 | – | $8,021.60 | |
| | 1.3333 | £0.00 | $7,999.95 | −$21.65 |
| | 1.3061 | £4.99 | $7,836.60 | −$185.00 |
| | – | – | – | – |
| | – | – | – | – |
| Exchange rate | Fee | Recipient gets | Difference | |
|---|---|---|---|---|
| Mid-market rate | – | – | – | |
| | 1.3075 | £0.00 | $7,845.00 | – |
| | 1.3059 | £4.99 | $7,835.40 | – |
| | – | – | – | – |
| | – | – | – | – |
| Exchange rate | Fee | Recipient gets | Difference | |
|---|---|---|---|---|
| Mid-market rate | 1.3370 | – | $8,021.89 | |
| | 1.3334 | £0.00 | $8,000.23 | −$21.66 |
| | 1.3079 | £4.99 | $7,847.40 | −$174.49 |
| | – | – | – | – |
| | – | – | – | – |
| Exchange rate | Fee | Recipient gets | Difference | |
|---|---|---|---|---|
| Mid-market rate | 1.3411 | – | $8,046.83 | |
| | 1.3375 | £0.00 | $8,025.10 | −$21.73 |
| | 1.3129 | £4.99 | $7,877.40 | −$169.43 |
| | – | – | – | – |
| | – | – | – | – |
| Exchange rate | Fee | Recipient gets | Difference | |
|---|---|---|---|---|
| Mid-market rate | 1.3374 | – | $8,024.12 | |
| | 1.3337 | £0.00 | $8,002.46 | −$21.66 |
| | – | – | – | – |
| | – | – | – | – |
| | – | – | – | – |
| Exchange rate | Fee | Recipient gets | Difference | |
|---|---|---|---|---|
| Mid-market rate | – | – | – | |
| | 1.3110 | £4.99 | $7,866.00 | – |
| | – | – | – | – |
| | – | – | – | – |
| Exchange rate | Fee | Recipient gets | Difference | |
|---|---|---|---|---|
| Mid-market rate | 1.3366 | – | $8,019.33 | |
| | 1.3329 | £0.00 | $7,997.68 | −$21.65 |
| | – | – | – | – |
| | – | – | – | – |
| | – | – | – | – |
| Exchange rate | Fee | Recipient gets | Difference | |
|---|---|---|---|---|
| Mid-market rate | 1.3323 | – | $7,993.84 | |
| | 1.3287 | £0.00 | $7,972.25 | −$21.59 |
| | 1.3110 | £4.99 | $7,866.00 | −$127.84 |
| | – | – | – | – |
| | – | – | – | – |
| Exchange rate | Fee | Recipient gets | Difference | |
|---|---|---|---|---|
| Mid-market rate | 1.3353 | – | $8,011.97 | |
| | 1.3317 | £0.00 | $7,990.34 | −$21.63 |
| | 1.3080 | £4.99 | $7,848.00 | −$163.97 |
| | – | – | – | – |
| | – | – | – | – |
| Exchange rate | Fee | Recipient gets | Difference | |
|---|---|---|---|---|
| Mid-market rate | 1.3319 | – | $7,991.17 | |
| | 1.3212 | £0.00 | $7,927.20 | −$63.97 |
| | 1.3197 | £0.00 | $7,918.17 | −$73.00 |
| | 1.3049 | £4.99 | $7,829.40 | −$161.77 |
| Exchange rate | Fee | Recipient gets | Difference |
|---|
| Mid-market rate | 1.3319 | – | $7,991.17 | |
|---|---|---|---|---|
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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. There are no bank quotes for this period.
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 BSD 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 BSD on every transfer from UK.
Right now, Remitly pays 7,927.2 BSD on 6,000 GBP, which is 63.97 BSD less than the mid-market amount.
Today's payout isn't the best this month though, since the highest receive amount was 8,025.1 BSD.
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 Bahamas.
We've tracked 196 comparisons to check how often today's top companies were the cheapest across 7 amounts over the past month.
Cheapest every time
Never the cheapest
Cheapest in 3% of them
Based on 49 comparisons across 7 amounts over the last 7 days.
Cheapest in 99% of them
Cheapest in 25% of them
Cheapest in 6% of them
Based on 196 comparisons across 7 amounts over the last 30 days.
Cheapest in 92% of them
Cheapest in 20% of them
Cheapest in 14% of them
Based on 446 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 Remitly 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 Bahamas from the UK, including online, app, in person, SNPL, digital wallet, multi-currency account, and global account, and more.
For small & frequent transfers
If you send small amounts back home to Bahamas, say weekly or monthly, an app like Remitly is the easiest and cheapest way to do it.
It charges £0 in fees, has 0.8% markup, lets you save recipient details, and BSD will arrive in minutes.
Over the past month, Remitly 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 BSD transfers, around £1,000 - £5,000.
Online companies like Remitly often have higher limits and/or first time promos.
Of the 5 companies we compared, Remitly is the cheapest online service and will get you BS$7,927.2 on a £6,000 transfer.
In our comparisons over the past month, it was the cheapest online service on 2 of the 2 days it quoted.
For large transfers
Currency brokers like TorFX or Key Currency, are the best for sending large amounts (£10k+) to Bahamas.
They charge no fees but add a percentage on top of the GBP/BSD 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 Bahamas, but is usually a bit more expensive.
You will need to deposit £6,000 online via Remitly, and your recipient in Bahamas will be able to collect BS$7,927.2 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 Bahamian Dollar abroad like a local.
Wise offers the best multi-currency account.
With it, converting £6,000 to BSD will get you BS$7,697.1 after fees.
If you don’t have BSD in your account, your GBP will auto-convert whenever you pay with Wise in Bahamas.
Once you have BSD 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 Bahamas, companies like Airwallex, WorldFirst, or Payoneer handle batch and recurring payments a consumer app simply can’t.
Pay-in and pay-out methods will affect how much GBP you deposit and how much BSD 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 Bahamas is via Remitly, using a debit card to deposit GBP and bank deposit to receive BSD.
You have 3 pay-in options for transfers to Bahamas, 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.
Money can reach Bahamas by bank deposit and cash pickup, and each delivery method comes with its own fees.
The cheapest way to receive money in Bahamas is with bank deposit on average.
Receiving cash
Remitly is the cheapest option for cash pickup (getting you BS$7,927.2 on a £6,000 transfer).
Digital wallets
Your recipient can receive BSD directly into a digital wallet (like PayPal) which usually takes a few minutes to arrive.
You pay £6,000.00
BS$7,927
Cheapest
You pay £6,000.00
BS$7,927
BS$0
You pay £6,000.00
BS$7,927
BS$0
You pay £6,004.99
BS$7,829
-BS$98
You pay £6,004.99
BS$7,829
-BS$98
You pay £6,004.99
BS$7,829
-BS$98
There are a few nuances you should consider before sending GBP to Bahamas such as limits, taxes, and safety.
Right now, these are the best money transfer options for a £6,000 transfer to Bahamas:
Cheapest way to send money to Bahamas
The cheapest way is to use Remitly, pay in with a debit card and withdraw via bank deposit. You will get BS$7,927.2, which is 0.11% more than the next best option.
Fastest way to send money to Bahamas
The fastest way is to use Remitly via debit card deposit and bank deposit for pay out. You get BS$7,927.2 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/BSD 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 Remitly will get you 7,927.2 BSD, that’s including £0 fee and 0.8% in exchange rate markup.
A bank like on the other hand, will get you BS$0, that’s £ in fees but % in FX fees.
There is no UK tax for the act of sending money to Bahamas.
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 5 regulated companies offering money transfers from the UK to Bahamas in real time.
We analyse the fees, exchange rates, deposit/withdrawal methods, and each goes through our internal review.
Most GBP/BSD 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/BSD 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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