Want to send money to the Bahamas? Considering a wire to send the money to the Bahamas? Before you ask your financial institution to do it, make sure you check out the wire transfer fees. It might come as a shock how much the charges will be and depending on the amount, it might make more sense to send the money using another method.
What makes it more expensive is in addition to your bank adding a fee for sending the funds to a bank in the Bahamas, the individual getting the money transfer will most likely also be charged a fee from the bank where they have their account. A way to minimise the likelihood of this fee is to send the international wire transfer in the currency of their account.
To initiate a bank wire transfer to the Bahamas, you will possibly need a SWIFT code. These are different codes for each financial institution and based on things including the country and individual bank.
Bank wire details for the Bahamas
- Country – Bahamas
- SWIFT Country Code – BS
- Central Bank Name – The Central Bank of the Bahamas
- Currency – Bahamian Dollar
- Currency Code – BSD