How to send money to Bangladesh

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

Last updated:

We value our editorial independence, basing our comparison results, content and reviews on objective analysis without bias. But we may receive compensation when you click links on our site. Learn more about how we make money from our partners.

When you need to get money to a loved one overseas, navigating a potentially complicated and expensive process is the last thing you want to do. Transferring money from the United States to Bangladesh doesn’t have to be a budget-busting hassle. Compare the transfer fees and exchange rates of the different options to find the best deal. From bank transfers and online transactions to options that allow recipients to collect your funds within minutes, sending an international money transfer to Bangladesh can be easy.

InstaReM Money Transfers

Our pick: InstaReM

InstaReM offers fast transfers at no-margin mid-market rates adding only a nominal fee.

  • Sends to popular currencies. InstaReM sends to 51 countries and 21 currencies.
  • Loyalty points and bonus coupons. The more you use, the more you earn in bonus and points.
  • Charges only a nominal fee. No hidden fees.

    Compare international wire transfer services

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

    Min. Transfer Amount Transfer Speed Online Transfer Fee Rate Amount Received Description CTA Details
    USD 0 1 - 2 days USD 0.00 84.343 BDT 84,343 Offering no maximum and no minimum limit transfers with $0 fees. Go to site Show details
    USD 1 1 - 2 days USD 16.00 84.682 BDT
    Enjoy high maximum transfers into more than 20 currencies while saving up to 90% over local banks. Go to site Show details
    EUR 1,000 1 - 2 days USD 10.00 83.835 BDT 82,997 Use TransferMate to help you send money to almost any country around the world for a small fee. Go to site Show details
    USD 1 Within an hour USD 3.99 84.258 BDT 83,922 Use promo code 3FREE to send your first 3 transfers with no fee. Send to 110+ countries for bank-to-bank deposit, cash pickup or mobile top-up. Go to site Show details
    USD 1 3 - 5 days USD 0.00 82.988 BDT 82,988 No fees for bank account transfers and cash pickup at 240,000 locations in 130+ countries. Go to site Show details

    Compare up to 4 providers

    Back to top

    How do international money transfers work?

    An international money transfer allows you to send money to a recipient overseas. Generally, a transfer involves you providing funds to a bank or an independent transfer provider, which then sends the money to your recipient in another country — in this case, Bangladesh. This can be done in person, over the phone, through a mobile app or online. You can use cash, a credit or debit card, or transfer funds from your bank account, which will then either be deposited into your recipient’s bank account or mobile wallet, or made available as cash for them to pick up at a location in their country.

    Banks versus money transfer services

    We use our banks to take care of all our other financial needs, so surely we should use them when we need to send an international money transfer, right? Not necessarily. While major U.S. banks offer money transfer services, they usually present less competitive exchange rates coupled with high transfer fees.

    You can often save money by using the services of a dedicated money transfer company. These providers specialize in handling overseas money transfers, offering attractive exchange rates and affordable transfer fees. This translates to big savings for you.

    Steps to send money to Bangladesh

    1. Sign up for an account with your chosen provider. Include your name, contact details and proof of valid ID.
    2. Provide your recipient’s name, address and contact details. Depending on the transfer method you may also have to supply their bank account information.
    3. Enter the amount you want to transfer and complete your transaction.
    4. Save a receipt of your transaction in order to monitor the progress of your transfer.
    Back to top

    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, 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 the second 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 sending 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 their fee if you send more than a set amount.
    • Transfer method. Compare the options available for making a transfer, including 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, 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.
    • 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.
    Back to top

    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.
    Currency exchange rate for Bangladesh

    Options for sending money to Bangladesh from America

    • Bank transfers. Send money direct from your U.S. bank account to an account in Bangladesh.
    • Money transfer providers. Online providers like TransferWise and WorldRemit can help you transfer money quickly and easily. OFX is a trusted partners of and is offering Finder readers an exclusive deal of $0 in fees.
    • 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 as cash from an agent in Bangladesh.
    • Checks. This is a slower method of sending money to Bangladesh, but it may be available with some providers.
    Back to top

    How safe is a money transfer?

    When processed through a reputable provider, your funds are safely tracked until in the hands of your recipient. When sending money internationally, federal protections are in place that require banks, credit unions and money transfer companies to, for example, disclose all fees upfront and give you 30 minutes to cancel a transfer, assuming it hasn’t yet been picked up or deposited.

    Tips for picking up cash in Bangladesh

    Whether you’re picking up cash in Bangladesh or any other country, take a safety-first approach. Use common sense, such as keeping your cash hidden and depositing it with your bank as soon as possible. Taking a friend along with you to collect the funds is also a good idea.

    Emergency cash transfers to Bangladesh

    There are certain situations when you might need to send a transfer as quickly as possible. When you do need to send an emergency transfer, remember that you will usually have to pay extra in order to get your funds to your beneficiary ASAP. Make sure to check the exchange rate and fees that apply so you know exactly how much it will cost.

    Back to top

    Cash pickup locations in Bangladesh

    Was this content helpful to you? No  Yes

    Ask an Expert

    You are about to post a question on

    • Do not enter personal information (eg. surname, phone number, bank details) as your question will be made public
    • is a financial comparison and information service, not a bank or product provider
    • We cannot provide you with personal advice or recommendations
    • Your answer might already be waiting – check previous questions below to see if yours has already been asked provides guides and information on a range of products and services. Because our content is not financial advice, we suggest talking with a professional before you make any decision.

    By submitting your comment or question, you agree to our Privacy and Cookies Policy and Terms of Use.

    Questions and responses on are not provided, paid for or otherwise endorsed by any bank or brand. These banks and brands are not responsible for ensuring that comments are answered or accurate.

    2 Responses

    1. 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.

        On this page, go to the section “Compare international wire transfer services”, navigate to “I want to send” to change the from/to destination. From there you can check and review the offers that will best fit your personal requirements.

        I hope this information has helped.


    Go to site