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Send money to Bangladesh

Find the best way to transfer money from the United States to Bangladesh.

Looking for the best way to send money from the United States to family, friends or businesses in Bangladesh (or even to your own bank account)? Don't head straight to your American bank - turn to online money transfer services instead. They nearly always offer better exchange rates and lower fees - which means for the same amount of dollars you send, the recipient will receive more takas.

Compare ways of sending money to Bangladesh

Use our table below to compare services that send money from America to Bangladesh. Compare the money transfer providers' fees and speeds, then click "Go to site" when you've found the best one to send your US Dollars to Bangladesh.

Name Product Filter Values Fastest Transfer Speed Fees (Pay by Bank Transfer) Learn More
XE
Within minutes
$3

View details
XE has fast transfers with low fees and a range of foreign currency tools.
Wise (TransferWise)
Within an hour
From $2.26

View details
Wise uses the mid-market rate and transparent fees to help you send money in 45+ currencies.
Remitly
Within minutes
From $0
SPECIAL OFFER ✓ Free transfers and better exchange rates available for new customers

View details
Special offers like free transfers and better exchange rates available for new customers.
Remitly has quick, affordable transfers around the world, with both express and economy options.
WorldRemit
Within an hour
From $1.99

View details
Use code Take10USD to get $10 off when you spend $20. Valid till 31 January 2022. T&Cs apply.
WorldRemit sends money to 110+ countries for bank-to-bank deposits, cash pick-ups or mobile top-ups.
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Compare up to 4 providers

How to send money to Bangladesh from the United States

Here's our simple process for sending a money transfer to Bangladesh as a cash pickup or bank transfer - the two options are similar:

  1. Compare your options. Use our table above to find a money transfer provider that sends USD to Bangladesh. One may be better for cash pickups while another might be better suited to a bank transfer. Once you've found the best one for your requirements, click Go to site.
  2. Register for an account. You'll need to give your name, address, contact details, proof of ID and method of payment.
  3. Provide recipient details. Enter your recipient's name and contact information. If you're sending straight to their Bangladeshi bank account, you'll need the account number, SWIFT or IBAN plus their bank branch's address.
  4. Enter the transfer amount. Check you're happy with the fees, exchange rates and transfer speed, then enter the amount you wish to send. Many services give the amount of Taka your recipient should receive, so double check this.
  5. Complete your transfer. Send your money transfer to Bangladesh. Keep any reference number safe so you can track your transfer - your recipient may need it too.

If you send to a Bangladeshi bank account, your recipient just needs to wait for the funds to arrive. For a cash pick up, your Bangladeshi recipient will need to show some form of photo ID in order to pick up the funds. It's also important that you give them the transaction reference number to streamline the process.

For larger transfer amounts, you may need to phone the agent location to ensure it has enough cash available.

Ways to send and receive money

How to decide which option is best for you to send money to Bangladesh.
  • Bank deposit. Most major banks in America let you wire money to banks in Bangladesh. However, you might get weaker exchange rates and pay higher fees all for the privilege of a slower transfer.
  • Online money transfer services. Online companies like XE and Wise (TransferWise) make international money transfers to Bangladesh easy with bank transfers or cell phone top ups often offered as easy delivery options.
  • Transfer agents across America. Many transfer providers have locations dotted all across America, making it easy for you to send money that can be easily picked up in similar agent locations in Bangladesh.
  • Checks and money orders. If speed is not an issue, you can always pick up an international check from your bank or the US Postal Service to send to Bangladesh.
  • Cash pick-up. Remitly and WorldRemit allow you to collect cash, even if you don't have a bank account in Bangladesh.
  • Bank deposit. If you have a Bangladeshi bank account, you can have money transferred directly into this without having to make any trips to a money transfer agent location.
  • Checks and money orders. Both personal checks and money orders can be sent directly to you where you live but these tend to be the slower options.

What documents do I need to transfer money to Bangladesh?

To send money from the United States to Bangladesh, you'll need the following:

1. Photo identification

Most providers require a driver's license, passport or other American government-issued ID. You can send transfers without ID but may need to give your instead.

2. Payment method

Your options depend on the provider's services. Popular methods include cash, debit or credit card payments, bank account transfers and personal checks.

3. Recipient information

You'll need their name (matching their ID) plus contact details. If sending to a Bangladeshi bank account, you'll need the a/c number, SWIFT and branch details.

What documents do I need to receive money in Bangladesh?

To collect money in person in Bangladesh, the recipient will need:

1. Transfer number

The reference number - sometimes called a PIN, MTCN or tracking number.

2. Government-issued ID

A official ID, such as an Bangladeshi passport or driving license.

3. The transfer amount

To know how much has been sent, usually to within 10% of the total.

4. Sender information

The sender's name and address and the country from where the money was sent.

How much does it cost to send money to Bangladesh from America?

The cost of sending money to Bangladesh from the United States depends on the exchange rate between USD to BDT, the fees, how you want your recipient to receive your transfer and the turnaround time:

  • Exchange rates. The mid-market rate is the rate banks and transfer services use to trade between one another. It is the best rate that you can get. But not all money transfer providers offer you this mid-market rate so compare the exchange rate you're offered to the mid-market rate and look for the smallest difference.
  • Transfer fees. Are you being charged a flat fee or a percentage of your transfer amount? For example, a provider offering to transfer your money to Bangladesh for a flat or low fee might work out better if you plan to send a large amount.
  • Transfer speed. If you need your transfer to arrive quickly, you can pay for a quick delivery. Companies such as Remitly and WorldRemit offer instant cash pickups but may charge more. If you're not in a rush, online money transfer services can offer the best value, usually getting your money to Bangladesh faster and cheaper than banks.
  • Transfer limits. Find out how much you can send with each service. For example, one provider may have a send limit of $10,000 while another may allow you to transfer up to $1 million. For smaller transfers, check the fees. For large transfers, look harder at the exchange rate. Some providers encourage large transfers with low fees.
  • Transfer type. Does your recipient have a Bangladeshi bank account or is cash or cell phone top up the better option? Each transfer type will have different fees. For example, instant cash pickups tend to be more expensive than bank transfers.
  • Discounts. Some providers may offer you a free transfer simply for signing up while others may offer you a discount if you transfer more than a certain amount.
Looking for the best exchange rate? Discover the USD/BDT exchange rate rates and historical changes

Frequently asked questions

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2 Responses

    Default Gravatar
    SaziMay 16, 2017

    How to send money in Indonesia from Bangladesh?

      Avatarfinder Customer Care
      HaroldJune 27, 2017Staff

      Hi Sazi,

      Thank you for your inquiry.

      To send money to Bangladesh, enter the amount you want to send in the table then press “Compare“. You should be able to compare your options based on the provider’s minimum transfer amount, speed, online fee, and exchange rates. If you like to see the side-by-side comparison between brands, just click the “compare box” below the brand’s logo.

      You can press the “Show details” link to see the provider’s transfer methods, transfer options, customer service, and available currencies. When you are ready, you may then click on the “Go to site” button and you will be redirected to the provider’s website where you can proceed with your transfer or get in touch with their representatives for further inquiries you may have.

      Before sending your money, please ensure that you read through the relevant Terms and Conditions.

      I hope this information has helped.

      Cheers,
      Harold

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