BSD – Bahamian Dollar
The payment processing of this currency is considered to be relatively standardised.
- Currency Guidelines
A clear reason / purpose of payment is recommended and consists of a full written description (in English) of the nature of payment to be provided in the remittance information. For example: providing an invoice number without guiding text is considered as insufficient and can result in errors or delays.
Example: Payment of travel expenses – invoice n° 123456789
Payments greater than BSD 10.000 require a source of funds declaration.
Payments in BSD toward the Bahamas
Besides the standard information, the full name of the beneficiary’s bank is mandatory and to be provided in the remittance information.
Payments in BSD outside the Bahamas
- Instructions, technical guidelines & more
To consult the Technical Guidelines of this currency, click hereTECHNICAL GUIDELINES
- Additional information
• Available charge options: OUR/SHA/BEN
• Central bank of Bahamas: http://www.centralbankbahamas.com/