How to Send Money to Bangladesh

Information verified correct on April 28th, 2017

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

When you need to get money to a loved one overseas, the last thing you want to deal with is navigating a potentially complicated and expensive process. Sending money from the United States to Bangladesh doesn’t have to be expensive. Compare the transfer fees and exchange rates of the options available to you to get 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 is easy. But do your research and shop around for the best available deal.

Compare international wire transfer services

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

Rates last updated April 28th, 2017

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Save money on your personal or business international money transfer today. Fill in the form and you’ll be contacted by a foreign exchange expert to have an obligation-free discussion about your options.

With over 17 years of foreign exchange expertise and over $100 billion transferred, OFX can help with all your currency exchange needs, including:

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Min. Transfer Amount Transfer Speed Services Online Transfer Fee Rate Amount Received
Wyre International Money Transfers
No transfer fees for finder... No transfer fees for finder.com readers. Make transfers with Bitcoin.
OnlinePhone
Rates are always
changing, click to check
your price today
Go to site More
World First Foreign Exchange
Exclusive offer: $0 transfer fee ... Exclusive offer: $0 transfer fee
No-limit transfers with competitive exchange rates for more than 100 currencies.
USD 1,000 1 day
Online
Rates are always
changing, click to check
your price today
Go to site More
WorldRemit International Money Transfers
Use promo code FREE to ... Use promo code FREE to send your first transfer for no fee, to over 110 countries for bank-to-bank deposit, cash pickup or mobile top-up.
USD 1 Within an hour
OnlineCash Transfer
Rates are always
changing, click to check
your price today
Go to site More
TransferWise International Money Transfers
Enjoy high maximum transfers into ... Enjoy high maximum transfers into more than 20 currencies while saving up to 90% over local banks.
USD 1 1 day
Online
Rates are always
changing, click to check
your price today
Go to site More
OFX International Money Transfers
Send safe... Send safe, no-limit transfers with no fees and competitive exchange rates.
USD 150 1 day
Online
Rates are always
changing, click to check
your price today
Go to site More
HiFX International Money Transfers
Transfer money into 20 currencies ... Transfer money into 20 currencies and schedule regular payments. $5 fee waived for transfers over $5,000.
USD 100 2 days
Online
Rates are always
changing, click to check
your price today
Go to site More
TorFX International Money Transfers
No hidden fees and a ... No hidden fees and a best rate guarantee for 60 global currencies.
USD 150 1 day
OnlinePhoneAgent
Rates are always
changing, click to check
your price today
Go to site More
Wells Fargo Bank
While more expensive than other ... While more expensive than other options, securely send money to 13 Latin American and Asian countries.
USD 1 1 day
Online
Rates are always
changing, click to check
your price today
More

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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.

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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.

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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.

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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.
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Foreign exchange rates explained
The exchange rate determines how much one country’s currency is worth in another currency. When a country’s currency is strong, it will yield more money when exchanging it in a country with a weak currency. For example, in December 2016, the U.S dollar was worth approximately 19 Mexican pesos. However, most countries’ exchange rates are flexible, which means it can change from moment to moment. Factors that influence the exchange rate include interest rates, economic stability and inflation.
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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. World First and OFX are both trusted partners of Finder.com and are 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.
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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.

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Find a money transfer location near you

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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.

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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.

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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 making a transfer. Your provider will supply you with a reference number that 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
HiFX International Money Transfers

Transfer money into 20 currencies and schedule regular payments. $5 fee waived for transfers over $5,000.

WorldRemit International Money Transfers

Use promo code FREE to send your first transfer for no fee, to over 110 countries for bank-to-bank deposit, cash pickup or mobile top-up.

World First Foreign Exchange

Exclusive offer: $0 transfer fee
No-limit transfers with competitive exchange rates for more than 100 currencies.

TransferWise International Money Transfers

Enjoy high maximum transfers into more than 20 currencies while saving up to 90% over local banks.

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