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Companies for transfers from United Kingdom to Bermuda
"Over 16 million customers use Wise, mostly for their excellent mobile app, transparent fee structure & use of mid-market rates. Now increasingly used for larger transfers."
"Over 16 million customers use Wise, mostly for their excellent mobile app, transparent fee structure & use of mid-market rates. Now increasingly used for larger transfers."
"Remitly focuses on sending money to friends and family in Asia, Africa and South America. Wide coverage and well-suited to regular transfers home."
"Paysend has transparent fees and rates, with transfer sent within seconds to your recipient's bank. They also have global 24/7 support for any enquiries, and bank-level security."
"Moneygram is a well established service with over 80 years in the sector. They support over 200 countries worldwide and have over 440,000 retail locations."
Best option: Wise
We tested & reviewed 4 money transfer providers, and Wise scored highly in each category.
Over the last six months, Wise appeared in 100% of United Kingdom to Bermuda searches, and was the top rated company supporting money transfers between GBP and BMD.
For a great mix of cost, speed & features, transfer from United Kingdom to Bermudian Dollar using Wise.
How to compare companies offering money transfers from United Kingdom to Bermuda
- Always compare rates
Use our live comparison tool to make sure you aren't missing the best rates to send money from the United Kingdom to Bermuda. This ensures the best price.
- Choose a provider
Select the company that offers you the best value & options for sending to Bermuda.
- Click, sign up & send
Sign up & make your transfer. Your funds will soon be on their way from the United Kingdom to your chosen country & currency.
Summary of recent searches
Considerations ahead of sending money from United Kingdom to Bermuda
A comparison of providers offering services between the United Kingdom and Bermuda, based on your specific transfer amount is the best way to send money with the confidence you’re getting the best price.
We’ve compared 4 providers that provide services for sending Pound Sterling to Bermuda. This ensures you will get the best options for your transfer to Bermuda from the United Kingdom.
Whilst we rate Wise as the best overall, comparing gives you a comprehensive view of all the options for transferring money from the United Kingdom to Bermuda.
Cheapest way to send money to Bermuda from the United Kingdom: Wise
Data collected through our comparison over the past six months shows that Wise is 1.2% cheaper than the second-best option.
The cost is made up of an average fee of 45.49* GBP and an exchange rate for buying Bermudian Dollar with Pound Sterling that is -0.02% different to the mid-market rate.
If you want to secure the best rates on a United Kingdom to Bermuda transfer, Wise offers value. We would still recommend searching for the amount you want to send to Bermuda.
*The most common fee applied to GBP-BMD by Wise, based on data from the past six months.
Fastest way to transfer money from United Kingdom to Bermuda: MoneyGram
Our data shows that MoneyGram came up as the fastest option for sending Pound Sterling into Bermudian Dollar in 50% of searches. This makes them well suited to urgent GBP to BMD money transfers.
The average fee for a GBP-Bermudian Dollar transfer through MoneyGram is 0 GBP.
To get the 'fastest' option we compared 4 providers for overall speed of sending money from the United Kingdom to Bermuda - this includes depositing Pound Sterling, transfer times, withdrawal timeframes in Bermuda.
When speed matters, MoneyGram is your best choice for sending into Bermuda from the United Kingdom.
Need to send over £10,000 from the UK? TorFX is your best option
Opt for a service proven with large transfers when size matters. For transfers over £10,000, your best option is TorFX.
While TorFX may not always be the cheapest or fastest way to send GBP to Bermuda, they will keep you safe and relaxed while your money moves into BMD.
Understanding the costs involved when transferring money to Bermuda from United Kingdom
When calculating the cost of sending money from the United Kingdom to Bermuda, a combination of fees and exchange rates ensure the best deal:
The Mid-Market and Exchange Rates: The current GBP-BMD mid-market rate is 1.3313 BMD per Pound Sterling. Finding a provider as close to this number as possible will ensure more Bermudian Dollar for your money.
As a comparison, the GBP-BMD mid-market rate for the past three months has averaged 1.258 BMD per Pound Sterling, hitting a high of 1.2588 and a low of 1.2573.
Wise is currently offering the best exchange rate on transfers between the United Kingdom and Bermuda.
Often the GBP-BMD exchange rate you receive will be the biggest factor impacting the cost of sending Pound Sterling to Bermuda.
Fees: Transfer fees are charged on top of a transfer. Wise currently offers lowest fees, at an average of 45.49 GBP over the last 6 months. Although, we recommend searching for your exact send amount for an exact fee.
Amount Received: The total amount received in Bermudian Dollar is the biggest indicator in the total cost of sending money to the United Kingdom from Bermuda. The higher the total amount received in Bermuda, the lower the cost of sending from the United Kingdom.
Tracking the exchange rate for Pound Sterling to Bermudian Dollar
Getting a better exchange rate between GBP and BMD can make a huge difference to the overall cost of sending money.
Over the last six months, between the United Kingdom and Bermuda, the average numbers are:
GBP to BMD saw an average 1.258 BMD mid-market rate.
The highest point was 1.2588 BMD, while the lowest was 1.2573 BMD.
4 providers are currently offering transfers between the United Kingdom and Bermuda.
Want to secure the best GBP-Bermudian Dollar exchange rates?
Sign up for our rate alerts and we'll tell you when it's the best time to move your money from United Kingdom to Bermuda!
Funding your United Kingdom to Bermuda transfer
Bank transfers
The default option for sending money from the United Kingdom to Bermuda is often a bank transfer.
Using a money transfer company such as Wise for transfers from the United Kingdom to Bermuda, allows for sending via a bank transfer while benefitting from lower fees and more favorable exchange rates.
From the 4 we tested, the cheapest provider for bank transfers from GBP to Bermuda is Wise.
With an average fee of GBP45.49 to send money from the United Kingdom to Bermuda, Wise offers a great combination of competitive exchange rates and lower fees.
Prepaid and debit cards
Sending money from the United Kingdom to Bermuda with a prepaid or debit card is easy with Wise.
Wise is a leader in accepting card payments for transfers between the United Kingdom and Bermuda.
Credit cards
is the best money transfer company of the 4 compared for credit card transfers from the United Kingdom to Bermuda
Fee alert: using a credit card to transfer money can mean a fee being charged by your card issuer. We recommend bank transfer or debit card instead.
How we analyze the market
We track the cost, speed, and product offerings of the leading money transfer services available between Bermuda and United Kingdom.
Our comparison engine and algorithms evaluate providers based on over 25 factors, including transfer fees, ease of use, exchange rates, mobile apps, transfer times & customer support.
We also consider how these services are rated on platforms like TrustPilot, AppStore, and Google Play, giving you a comprehensive view of what to expect.
This thorough analysis helps you get the best available deal - every time you want to move money from United Kingdom to Bermuda.
We also provide unbiased and detailed reviews of all the top money transfer companies. You can use these reviews to send GBP to BMD.
For a deeper understanding of our commitment to integrity and transparency, we invite you to read our editorial policy document.
Money transfer company reviews
