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How to send money to Bangladesh

Find cheap and fast transfers to Bangladesh for pickup or deposit.

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Remittances contribute significantly to Bangladesh’s economy, according to the World Bank, fuelled by the more than 10 million migrant workers who send their hard-earned money back home to friends and family. To get as many takas as possible into the hands of your loved ones, look beyond traditional banks to digital money specialists offering the strongest rates and lowest fees on your next transfer.

Send money to Bangladesh with Azimo

Instant or 1-hour transfers to over 190 countries, send money directly to bank accounts or over 280,000 cash pickup points.

  • Transfers to over 190 countries
  • 10+ languages supported
  • Bank transfer, mobile wallet, cash delivery and cash pickup options
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How much does it cost to send money to Bangladesh? Compare your options

Compare transfer fees, exchange rates and turnaround times to narrow down the best money specialist for your next transfer.

Name Product Minimum Transfer Transfer Time Transfer Fee
TransferWise - Ireland
EUR 1
1-2 days
Varies
Azimo - Ireland
GBP 10
Instant
Varies
WorldRemit - Ireland
EUR 1
Same day
Varies
Remitly - Ireland
EUR 0
1-5 days
EUR 2.99
XE Money Transfers - Ireland
EUR 1
Same day
EUR 0
Skrill - Ireland
EUR 50
1 day
None
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Compare up to 4 providers

How to send money to Bangladesh online

Sign up and send with a digital money transfer specialist in four steps:

  1. Sign up for an account. Use our site to narrow down a money specialist offering the best rate and lowest fees, and create an online account with your name, contact information and proof of valid ID.
  2. Provide your transfer details. Submit your recipient’s name, address and contact information, and choose your preferred method of delivery. Depending on the transfer method, you may also need their Bangladeshi bank account information.
  3. Pick an amount. Indicate how much you want to transfer, and confirm the exchange rate and any fees before completing your transaction.
  4. Save your receipt. Hold on to your confirmation details to monitor the progress of your transfer.

Crunching the numbers: Sending €1,000 to Bangladesh

Let’s say you want to send €1,000 home to your family in Bangladesh. You compare your local bank to money transfer specialists offering cash pickups and bank deposits to weigh which is cheapest, fastest and most convenient. This table uses real fees and exchange rates and is current as of 6 May 2020.

Bank transferMoney transfer service 

Cash pickup

Fee€20 + bank fees€17€1.90
Exchange rate1 EUR = 83.194 BDT1 EUR = 89.9366 BDT1 EUR = 83.6979 BDT
Transfer speed2–4 days1–2 daysMinutes
Amount receivedBDT 81,530BDT 88,407BDT 83,530
Verdict
  • Slowest and most expensive
  • Best value
  • Fastest transfer

The bank ends up being both too slow and too expensive, resulting in the least amount of money delivered among the three. The cash transfer specialist is the fastest but the exchange rate is not as good as the money transfer service, which delivers almost 5,000 more takas to your loved ones.

How to compare transfer companies

Weigh costs and fees against convenience to find the best money transfer specialist for your needs:

  • Exchange rates. Look for a provider that offers a strong rate with low markup on the mid-market rate. And note that your strongest rate may require a minimal transfer fee.
  • Transfer fees. Most companies charge fees for the convenience of a money transfer. But many reduce fees or waive them altogether for larger amounts.
  • Transfer method. Depending on the company, you may be able to initiate a transfer online, over the phone and by visiting a branch.
  • Turnaround time. Some companies take up to five business days to process transfers, while others make funds available to your recipient within minutes for an additional fee.
  • Pickup methods. Is the transaction managed completely online with funds delivered straight to your recipient’s bank account, or can they visit an agent location and pick up cash in person?
  • Minimum transfer amounts. Make sure the amount you’re sending is supported by the companies you compare.
  • Customer service options. Are phone and email customer support available? Can you reach out for help through online live chat? Also check when these services are available to make sure you can access help whenever you need it.
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Foreign exchange rates explained

The exchange rate determines how much one country’s currency is worth in another country’s currency. When a country’s currency is strong, it yields more money when exchanging it in a country with a weak currency. Bangladesh’s exchange rate is flexible, which means it can change from moment to moment. Factors that influence the exchange rate include interest rates, economic stability and inflation.

Track how the Bangladeshi taka trades against the euro in our historical rate chart.

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Updated: 21 Oct 2020 11:08:33 UTC

Options for sending money to Bangladesh from Ireland

Depending on the transfer specialist you choose, you may be able to send money for delivery by:

  • Bank transfer. Some banks in Ireland may allow you to send money from your bank account to an account in Bangladesh.
  • Digital transfer specialist. Online providers like TransferWise, WorldRemit and OFX can send money quickly and easily.
  • Cash pickups. Providers like MoneyGram and Western Union allow you to send funds online, over the phone or from an agent location. Those funds can then be picked up as cash from an agent in Bangladesh.
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How safe is a money transfer?

When processed through a reputable provider, your funds are safely tracked until they are in the hands of your recipient.

International money services typically use encryption systems and may often be authorised by a country’s financial authority.


Tips for picking up cash

Advise your recipients to practice caution when picking up cash:

  • Keep your money hidden until safely deposited in a bank account.
  • Avoid questionable parts of town when carrying cash.
  • Bring a friend along to provide an extra set of eyes, especially if you’re picking up a large number of takas.

Emergency cash transfers

Some situations in life require sending money quickly. For emergency transfers, expect to pay a fee extra to expedite delivery. Confirm the exchange rate and fees you’ll pay to avoid unpleasant surprises.

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Cash pickup locations in Bangladesh

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