Log into your BFX account
On your New Transaction page, Request a Rate.
Click on the arrow next to the currency symbol to select the currency you are sending as well as the currency you want your recipient to receive.
You can either enter the amount you have to send in the “You Send” field or the amount you want your recipient to get in the “Recipient Gets” field. You can also select your desired pay-in and payout currencies.
Your custom rate and amount will be generated instantly.
Click Continue to go to the next page.
On the Transaction Details page, enter your recipient’s details by clicking "Add New". This will let you to fill the bank account details to complete the transaction.
The following fields are required:
Correspondent Bank Name (For USD if applicable)
Branch Name (for XOF)
Click Next to save the recipient details.
Next, enter the Reference for Recipient. This is the message the recipient will receive describing the payment.
Next, upload a document(s) explaining the reason for the transaction.
This could be an invoice from the supplier you are paying, a letter showing transfer of funds between entities etc.
If the document has many pages, upload all of them.
Each document should below 10MB in size and can be in PNG or PDF format.
Make sure you check the box to certify that the document explains the reason behind the transaction. Click Next.
On the Review Transaction page, check to see that all the transfer details you entered are correct. If not, click on Edit to correct them. Proceed to create your transaction.
On the Transfer Details page, you will see our bank transfer details. Use these details to make a payment to us.
You should make the payment within 3 hours for your custom rate to be guaranteed.
Ensure you use the reference displayed to describe your payment to us.
We will be on the lookout for your funds and initiate the payout immediately we confirm receipt.
You can also go back to Transaction Status or Transfer Instructions.