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Send money from Bermuda to Philippines
While you can’t send BMD to PHP with Wise, you can transfer USD to USD.
"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."
In our experience, there are always efficiencies to be made in how businesses manage international payments in and out.
Why not take our free FX health check test to see how effective your business is in managing these. It only takes a couple of minutes.
How to send money from Bermuda to Philippines
Sending money from Bermuda to Philippines doesn’t have a huge amount of options. Because of this, we suggest sending money via:
An agent like Western Union, MoneyGram, or Ria Money Transfer
Wise (USD/USD or EUR/EUR transfers)
Send cash to Philippines from Bermuda
Agents are physical stores where you hand in BMD as cash and the receiver picks it up from the store in Philippines.
Western Union Agent
We suggest using Western Union agent as it's reputable, fast, and is partnered with multiple banks in Bermuda.
The fees and rates will vary from day to day and based on your transfer amount, but it's still much cheaper than using your bank directly.
To get started, find the closest WU agent using the store locator, fill in the forms at the counter, pay for your transfer and let the recipient know.
Most transfers will be available for collection the same day, but sometimes can take up to a few days.
Sending money from Bermuda to Philippines: key insights and tips
Don't settle for the first option. Always compare ways to send money from Bermuda to Philippines to find out about fees, speed, and reliability.
Your analysis should include all the providers that operate between Bermuda and Philippines. Through this, you get a comprehensive view of all the options you have in Bermuda when you need to send money to Philippines.
Cheapest way to send money from Bermuda to Philippines
Without any money transfer providers serving the Bermuda to Philippines route, the cheapest money transfer options are limited.
We would recommend using:
Understanding the costs involved when moving money from Bermuda to Philippines
When calculating the costs of money transfers between Bermuda and Philippines, here's what really matters:
The Mid-Market Rate: Today, the BMD-PHP mid-market rate equals to 57.1685. Keep in mind that this rate fluctuates all the time.
The BMD-PHP average exchange rate of the past week has been 57.1064, with a highest of 57.287 and a lowest of 56.9085.
Fees and Markups: When you pick a service with competitive exchange rates and low fees, you get to make the most out of your BMD to PHP transfers. This strategy keeps your costs down, offering a smart way to handle your international transactions.
How to find the best exchange rate for Bermudian Dollar to Philippine Peso
Timing is essential for sending money between BMD and PHP. The exchange rate you secure impacts how much PHP you get for your BMD.
Let's dive into some interesting recent trends.
Over the past 7 days, the exchange rate from BMD to PHP has seen some fluctuation. On average, it stood at 57.1064.
During this period, the highest value recorded was 57.287, while the lowest was 56.9085.
, which is our recommended service to send money online from Bermuda to Philippines offers an exchange rate that is only % above the mid-market rate.
Want to secure the best BMD-Philippine Peso exchange rates?
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What payment methods are available when sending money from Bermuda to Philippines?
Sending bank transfers from Bermuda to Philippines
Bank transfers are the most common way of sending BMD to Philippines as they are secure, reliable, and convenient.
If you want to send Bermudian Dollars to Philippines via bank transfer, you can use your bank where no provider is available, but it will likely be at a bad exchange rate.
Sending money from Bermuda to Philippines by credit card
Credit card payments are quick, convenient, and typically more secure than other methods, thanks to backing by the issuing party. Some users may even be able to rack up reward points when making large transactions.
If you want to send Bermudian Dollars to Philippines with a credit card.
Note: Beware of chargesCredit card payments are often classified as cash advances, which bring their own charges, as well as currency conversion and usage fees. Forgetting to pay your balance can also result in high interest charges, and can even damage your credit score.
Sending money from Bermuda to Philippines by payment apps
If you’d like to send money from Bermuda to Philippines via payment app, follow these steps:
Download the app and register. Download the app from the App Store or Google Play. You’ll need to register to be able to open an account. Make sure the app services transfers from Bermuda to Philippines.
Enter your details. Enter any of the details required. You may need a valid form of ID.
Start your transfer. Enter the details of your recipient. Some apps will require full payment details, while others allow you to pay with just an email address. You may need to state that you’re planning to send money to Philippines in Philippine Peso at this stage.
Check the details. It’s vital that you check the details you’ve added to make sure everything is correct. It can be very difficult to reverse a transfer, and most payment apps don’t let you cancel a transfer from Bermuda to Philippines after it’s been sent.
Send the money. Your app will probably charge a fee for the transfer. They may also add a markup to the BMD to PHP exchange rate. Check the rate they’re offering against the mid-market rate to make sure you’re getting a good deal.
The current mid-market rate of BMD to PHP is 57.1685
How we analyze the market
We track the cost, speed, and product offerings of the leading money transfer services available between Philippines and Bermuda.
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 Bermuda to Philippines.
We also provide unbiased and detailed reviews of all the top money transfer companies. You can use these reviews to send BMD to PHP.
For a deeper understanding of our commitment to integrity and transparency, we invite you to read our editorial policy and review methodology.
Money transfer company reviews
