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Send money to Bangladesh

Find cheap and fast transfers to Bangladesh for pick-up or deposit.

Want to send money to loved ones in Bangladesh? We compare the different money transfer companies and services you can use to send money to Bangladesh, to help you find the right deal for you.

Send money to Bangladesh with Wise

Wise uses the mid-market rate and transparent fees to help you send money in 45+ currencies.

  • Fair service fees and mid-market rates – a major market differentiator
  • Next-day delivery for most currencies
  • Easy-to-use app
Promoted

Min. Transfer Amount Transfer Speed Online Transfer Fee Rate Amount Received Description CTA Details
USD 60 1 day NZD 0.00 60.643 BDT
303,217
Skrill offers easy transfers to many popular destinations, but keep an eye out for added fees. Go to site Show details
NZD 0 Same day NZD 0.00 60.57 BDT
302,852
XE has fast transfers with competitive rates and a range of foreign currency tools. Go to site Show details
NZD 1 Within an hour NZD 3.99 60.631 BDT
302,914
Use promo code 3FREE to send your first 3 transfers with no fee. Conditions apply.
WorldRemit sends money to 110+ countries for bank-to-bank deposits, cash pick-ups or mobile top-ups.
Go to site Show details
NZD 1 1 - 2 days NZD 85.00 60.875 BDT
299,199
Wise uses the mid-market rate and transparent fees to help you send money in 45+ currencies. 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. Choose your money transfer specialist 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 two money transfer specialists to find out which is cheapest, fastest and most convenient.

Money transfer service 1Money transfer service 2
Exchange rate$1 = BDT51.091$1 = BDT51.30
Transfer fee$74$9
Amount received for $1,000BDT47,310.50BDT50,838.00
Transfer timeInstantly1-2 days
Transfer optionsCash pick-upBank account
Difference ofBDT3,527.50

The first money transfer service offers instant transfer and cash pick-up, but the exchange rate is lower and the fees are much higher. If you need to have your money arrive immediately the first money transfer may be your best option. However, if you’re not in a rush you’ll want to choose the second money transfer service, as your family will end up with 3,527.50 more takas.

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.
  • Pick-up 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 New Zealand dollar in our historical rate chart.

Today’s exchange rate NZD to BDT

1
0
Updated: 19 Oct 2021 05:43:16 UTC

Options for sending money to Bangladesh from New Zealand

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

  • Bank transfer. Send money direct from your New Zealand bank account to an account in Bangladesh.
  • Digital transfer specialist. Online providers like Wise and WorldRemit can send money quickly and easily.
  • Cash pick-ups. Providers like WorldRemit allow you to send funds online or by bank transfer. These funds can then be picked up as cash from an agent in Bangladesh.
  • Cheques. 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. Money transfer companies are required to:

  • Disclose fees up front, including international taxes
  • Allow users up to 30 minutes to cancel a transfer that hasn’t been picked up or deposited
  • Provide information on what to do in case of error and how to submit a complaint
  • Investigate when a consumer reports a problem
  • Accept responsibility for the mistakes made by people who work for them.

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 pick-up locations in Bangladesh

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