How to Send Money to Bangladesh

Information verified correct on December 10th, 2016

Send Money to BangladeshFind out how you can save money and enjoy fast transfers when you send money to Bangladesh from the United States

Whether you’re buying goods and services or sending money to friends and family, there are many reasons why you might want to transfer money to Bangladesh. While some banks can take care of an international money transfer to Bangladesh for you, you will typically be able to find better exchange rates and lower fees elsewhere.

There are plenty of options to choose from when you need to send money to Bangladesh, so read on to find out how you can select the best provider for your transfer needs.

Compare international wire transfer services

Use the international wire transfer calculator below to compare rates when you send money to Bangladesh.

Rates last updated December 10th, 2016
Min. Transfer Amount Transfer Speed Services Online Transfer Fee Rate Amount Received
WorldRemit International Money Transfers
An online money transfer service ... with cash pickup, bank account to bank account and airtime transfers available.
USD 1 Within an hour
OnlineCash Transfer
Rates are always
changing, click to check
your price today
Go to site More
World First Foreign Exchange
Transfer money into a range ... of currencies online and over the phone.
USD 500 2 days
OnlinePhone
Rates are always
changing, click to check
your price today
Go to site More
Transferwise International Money Transfers
Make online transfers in a ... range of currencies and enjoy high maximum transfer amounts.
USD 1 1 day
Online
Rates are always
changing, click to check
your price today
Go to site More
HiFX International Money Transfers
Transfer money between 20 currencies ... and enjoy scheduled regular transfers. No fee for transfers over US $5,000.
USD 100 2 days
OnlinePhoneAgent
Rates are always
changing, click to check
your price today
Go to site More
Travelex International Money Transfers
Get your foreign currency delivered ... to your home or pick up at a store.
USD 500 2 days
Online
Rates are always
changing, click to check
your price today
Go to site More
Currencies Direct International Money Transfers
$0 online transfer fee that ... you can access 24/7.
USD 100 2 days
OnlinePhone
Rates are always
changing, click to check
your price today
Go to site More
USForex International Money Transfers
Take advantage of competitive exchange ... rates and cheap transfer fees.
USD 150 1 day
OnlinePhoneAgentInternational Money Order...
Rates are always
changing, click to check
your price today
Go to site More
MoneyGram International Money Transfers
Send money anywhere, from anywhere.
USD 1 Same day
OnlinePhoneAgent
Rates are always
changing, click to check
your price today
Go to site More
TorFX International Money Transfers
TorFX guarantee to beat any ... competitor's exchange rate for a transaction. Conditions apply
USD 100 1 day
OnlinePhoneAgent
Rates are always
changing, click to check
your price today
Go to site More
Western Union Money Transfers
Send money online to friends ... and family around the world with Western Union.
USD 1 Same day
OnlinePhoneAgent
Rates are always
changing, click to check
your price today
Go to site More

Banks versus money transfer companies/services

As the Bangladeshi Taka is a rare currency, not all banks will allow you to send Bangladeshi Taka overseas. Instead, you may have to send US Dollars and then have those converted into the local currency by the receiving bank. However, as banks usually charge high fees, you should consider the services offered by dedicated money transfer providers.

These companies specialise in moving money all around the world and typically offer far better exchange rates and lower fees than banks. Some of these providers can ensure that the funds you send are available to be collected in Bangladesh within minutes, taking the stress out of sending money overseas.

Case Study: Mohammed sends money to Bangladesh

Mohammed recently moved to the United States but he still needs to settle a $1,000 debt he owes to a business associate back in Bangladesh. In an effort to find the cheapest money transfer option available that will allow him to send money to Bangladesh, Mohammed compares the features, benefits and fees of two money transfer providers.

 

Money transfer company 1Money transfer company 2
Exchange rate1 USD = 75.50 BDT1 USD = 76.83 BDT
Transfer fee$15$12
Transfer methodBank account depositCash pickup
Processing time2-5 business days15 minutes
BDT received75,500 BDT76,830 BDT

As the above table shows, Mohammed can get a better deal if he uses a money transfer company. Mohammed can send an extra 1,330 BDT when he uses the second money transfer company, save $3 on fees and also ensure that his money arrives within minutes.

How to compare transfer companies when transferring money to Bangladesh

  • Exchange rates. Exchange rates are an important factor in the cost involved when transferring money overseas, so look for a provider that offers the best rates. However, make sure to also take a provider’s fees into account when comparing its rates.
  • Transfer fees. Most companies will charge you a fee for sending money overseas, however in some cases the provider may waive fees if you send more than a set amount.
  • Transfer method. Compare the options available for lodging a transfer, including online, over the phone and by visiting a branch.
  • Transfer options. From market orders, forward contracts, and the ability to schedule regular payments in advance, check to see what sort of flexible transfer options are available from each provider.
  • Turnaround time. Some companies take up to five business days to process transfers while others make funds available to your recipient within minutes, although typically this will attract a higher service fee.
  • Pickup methods. Is the transaction managed completely online and the funds sent straight to your recipient’s bank account, or is he or she able to visit an agent location and pick up the cash in person?
  • Minimum transfer amounts. Keep an eye out for the minimum transfer limit each company imposes on transactions as this could deem a company unsuitable for your transfer needs.
  • Customer service options. Are phone and email customer support available? Is there an online live chat option? Also check when these services are available to determine whether you will be able to access help whenever you need it.

How to send money to Bangladesh from America

  • Bank transfers. Send money direct from your US bank account to an account in Bangladesh.
  • Online money transfer providers. Send your funds to Bangladesh from the comfort of your own home, for example through a company such as WorldRemit.
  • Money transfer company with cash pickup. 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 from an agent in Bangladesh.
  • Checks/telegraphs. This is a slower method of sending money to Bangladesh, but it may be available with some providers.

Emergency cash transfers in Bangladesh

There may be some situations when you need to send money to Bangladesh as quickly as possible; for example, you may have to pay a bill before a deadline or transfer funds to a family member in a dire financial situation. When you need to send a transfer as quickly as possible, keep in mind that you may not receive a great exchange rate and that you will often also have to pay high fees.

You should always make sure to carefully review the exchange rate and fees that apply to your transaction so that you know exactly how much it will cost.

Cash pickup locations in Bangladesh: Western Union / MoneyGram branches in Bangladesh

If sending money via Western Union or MoneyGram to Bangladesh, make sure to tell your recipient the transaction reference number.

They’ll also need to take along photo ID when they go to collect the cash, while phoning ahead to check a location’s opening hours and the availability of cash is also a good idea.

Western Union

Western Union Logo

Dhaka

Agrani Bank

Bazitpur Branch

Bazitpur Bazar Kishoregonj

Kishoregonj, Dhaka 2336

+880-1712683479

Open 9am to 5pm Saturday to Thursday

 

Al Arafah Islami Bank Limited

Abdullahpur Sme Branch

Minnat Plaza Abdullahpur

Dhaka, Dhaka 1219

+880-1713810082

Open 9am to 5pm Saturday to Thursday

 

Chittagong

Agrani Bank

Reazuddin Bazar Branch

Reajuddin Bazar Road Kotali Chittagong

Chittagong 4000

+880-1816099440

Open 9am to 5pm Saturday to Thursday

 

Al Arafah Islami Bank Limited

Jubilee Road Branch

Kader Plaza 221 Jubilee Road

Chittagong, 1350

+880-31637680

Open 9am to 5pm Saturday to Thursday

MoneyGram

 Moneygram logo

Dhaka

PBL – Kafrul Banch

South Kafrul Rim Complex Kafrul 31

Dhaka,

1711404360

Open 10am to 4pm Sunday to Thursday

 

SEBL – Kapasia

Akhter Market

Dhaka,

29550088

Open 10am to 4pm Sunday to Thursday

 

Chittagong

Agrani Bank

Rangamati

Rangamati, 4500

035162375

Open 10am to 4pm Sunday to Thursday

 

Agrani Bank

Azadi Bazar

Chittagong, 4351

9345131

Open 10am to 4pm Sunday to Thursday

Tips for picking up cash in Bangladesh

No matter where you are in the world, it’s important to exercise caution if you’re picking up cash from an international money transfer. Stay away from high-crime areas and take a friend or travelling companion with you to help collect the money.

Once you have the funds in your possession, don’t flash your wealth around in front of strangers and head to your bank as quickly as possible to deposit the cash into your account.

For more money security tips when travelling, check out the advice on travel blogs and forums online.

How to send money to Bangladesh

Although transfer processes vary between companies, you will typically have to sign up for an account with your chosen provider.

You will usually have to supply your name and contact details, proof of identity and your payment information. You’ll also need to provide details about your recipient (their full name and contact details, and in some cases their bank account information) before lodging a transfer. Your provider will supply you with a reference number which you can use to monitor the progress of your funds.

Sending money to Bangladesh is simple in today’s modern world, but make sure to shop around for the best possible deal before you start moving money from the United States to anywhere around the world.

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US International Money Transfers Offers

Learn about our information service
WorldRemit International Money Transfers

An online money transfer service with cash pickup, bank account to bank account and airtime transfers available.

USForex International Money Transfers

Take advantage of competitive exchange rates and cheap transfer fees.

World First Foreign Exchange

Transfer money into a range of currencies online and over the phone.

Transferwise International Money Transfers

Make online transfers in a range of currencies and enjoy high maximum transfer amounts.

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