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Funds Transfer Services

Need to send funds to another party within The Bahamas or another country? BOB offers several transfer options:

SWIFT Wire Transfer

Send funds to another financial institution almost anywhere in the world for a minimum commission plus government stamp tax. All you need is the SWIFT code for the bank, beneficiary name and account number. There are no preset limits, once within Central Bank regulations. Transfer of funds typically takes 1-2 days depending on the destination. Exchange fees apply for foreign currency transactions.

Electronic Payments

BOB provides an expanded range of electronic payments that offer the benefits of lower costs and convenience. Use electronic payments via our BOB  Online Platform to:

  • Settle bills such as rent, tuition, utilities and more
  • Send funds to friends and family
  • Remit payments to suppliers, vendors

Standing Orders

Standing orders are instructions given by a BOB account holder to be executed at the same time each month or week.  A standing order can be used to transfer money between accounts, pay bills via cheque issuance or transfer funds locally or internationally.
To place your orders simply fill out a form at the branch nearest you with the desired instructions including commencement and end dates. Fees will vary depending on the nature of the transaction(s).

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