Send money to Bangladesh: Best money transfer services | finder.com

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Send money to Bangladesh

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

The best way to send money to Bangladesh largely depends on your payment method and how much you’re sending. Quick delivery and low fees makes Remitly a top pick for small transfers, while InstaReM is best for larger amounts. Look to MoneyGram, Ria or WorldRemit for fast turnaround on cash transfers. Compare digital money specialists to save on fees when you send money to Bangladesh.

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.

Min. Transfer Amount Transfer Speed Online Transfer Fee Rate Amount Received Description CTA Details
USD 1 Same day USD 0.00 83.873 BDT 83,873 XE has fast transfers with no fees and a range of foreign currency tools. Go to site Show details
$1 Within an hour USD 3.99 84.126 BDT 83,791 WorldRemit sends money to 110+ countries for bank-to-bank deposits, cash pick-ups or mobile top-ups. Go to site Show details
$1 1 - 2 days USD 16.00 84.549 BDT
83,196
Wise uses the mid-market rate and transparent fees to help you send money in 45+ currencies. Go to site Show details
$1 3 - 5 days USD 20.00 82.435 BDT 80,787 Western Union sends money online to friends and family in 200+ countries around the world. Go to site Show details
$1 Same day USD 5.00 82.858 BDT 82,444 Ria lets you send money to 130+ countries with cash pick-up at 240,000 locations. Go to site Show details
$10 Within an hour USD 1.99 82.858 BDT 82,693 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.
Go to site Show details

Compare up to 4 providers

Disclaimer: Exchange rates change often. Confirm the total cost with the provider before transferring money.

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.

Bank transferCash pickupMoney transfer service
Fee$30 + bank fees$5$16
Exchange rate1 USD = 83.194 BDT1 USD = 84.474 BDT1 USD = 84.898 BDT
Transfer speed2–4 daysMinutes1–2 days
Amount receivedBDT 80,698BDT 84,051BDT 83,539
Verdict
  • Slowest and most expensive
  • Fastest and best value
  • Better than a bank transfer

The bank ends up being both too slow and too expensive, resulting in the least amount of money delivered among the three. The money transfer service provided a better value, but the cash transfer specialist ends up being fastest and best, delivering some 3,350 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 US dollar in our historical rate chart.

Today’s exchange rate USD to BDT

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Updated: 10 Apr 2021 21:03:27 UTC

Options for sending money to Bangladesh from the US

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

  • Bank transfer. Send money direct from your US bank account to an account in Bangladesh.
  • Digital transfer specialist. Online providers like Wise, 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.
  • Checks. It’s a slower method of sending money to Bangladesh, but it may be available with select providers.
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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. Federal protections require that:

  • All banks, credit unions and money transfer companies disclose fees up front, including international taxes.
  • Users have 30 minutes to cancel a transfer that hasn’t been picked up or deposited.
  • Companies list what to do in case of error and how to submit a complaint.
  • Companies investigate when a consumer reports a problem.
  • Companies accept responsibility for the mistakes made by people who work for them.

These protections apply to transfers for more than $15 that are made by a consumer in the US and are sent to a person or company in a foreign country.


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

WorldRemit DealsWorldRemit Deals

Zero fees on your first THREE money transfers

Send money with WorldRemit using the code '3FREE' and pay no fees on your first three money transfers

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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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