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, name of the beneficiary and account number. No preset limits once within Central Bank regulations. Transfer of funds typically takes one to two days depending on the destination. Exchange fees apply for foreign currency transactions.
BOB offers an expanded range of electronic payments that offer the benefits of lower costs and time savings. Use electronic payments via our BOB Express Online Platform to
- Settle Bills such as rent, tuition, utilities and more
- Send funds to friends and family
- Remit payments to suppliers, vendors
BOB also provides an easy option to send and receive money inter-island by telephone transfers (TTs). Ask about this service at any of our conveniently located branches in New Providence, Grand Bahama, Andros, Bimini, Eleuthera, San Salvador, Cat Island and Inagua.
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).
Online Banking Services: