How to send money to Bangladesh

The safest and most cost-effective ways of sending money to friends and family in Bangladesh from Singapore.

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Whether relocating to Singapore is a planned, permanent move, or just temporary for a job opportunity, the odds are that at some point you will be looking for a way to send money back home.

You may have to send gifts for birthdays, or to your family to pay bills. Whatever the reason, you are going to want to find a money transfer service that delivers the most value for your dollar.

WorldRemit International Money Transfers

Send money to Bangladesh with WorldRemit

WorldRemit can help you get your money where it needs to go in minutes, with upfront exchange rates and low fees.

  • Transfers to 150+ countries
  • Send to bank account, cash pickup, mobile money, airtime top up
  • Pay with card, POLi Payments or Apple/Android Pay

    Online options to send money to Bangladesh

    Min. Transfer Amount Transfer Speed Online Transfer Fee Rate Amount Received Description CTA Details
    SGD 1 1 day SGD 37.50 60.82 BDT
    301,817
    SingX offers the real exchange rate every time you make a transfer and is based locally in Singapore. Go to site Show details
    SGD 1 1 - 2 days SGD 70.00 60.82 BDT
    299,841
    Make online transfers with transparent exchange rates, low fees and low minimum amounts. Go to site Show details
    SGD 1 Same day SGD 3.99 60.509 BDT
    302,306
    An online money transfer service with cash pickup, bank account to bank account and airtime transfers available. Go to site Show details
    SGD 200 2 days SGD 25.00 60.607 BDT
    301,519
    Quick and simple international money transfers with a flat 0.5% transfer fee for most transfers. Zero-margin rates on some 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 in 6 steps

    1. Compare money transfer services in our table
    2. Use the table headings to order products by transfer fees and exchange rates
    3. Click ‘Go to Site’ to start your transfer
    4. Open an account and deposit your funds
    5. Enter your recipient details (IBAN/SWIFT and account number)
    6. Indicate the country you’re transferring to and the transfer amount

    The cheapest way to send money to Bangladesh

    ServiceExchange rateAmount received
    TransferWise63.443863,443.88 BDT
    Western Union62.375862,375.88 BDT
    WorldRemit62.873062,873.08 BDT

    *Rates correct up to 5 June 2018

    Banks vs money transfer companies

    Sumon has decided to relocate his family to Singapore in order to take advantage of a promising business opportunity. His parents will be staying behind in Bangladesh and will still be relying on him to help with their monthly expenses. Sumon thought it would be best to explore his options before the big move in case he needed to open an additional bank account.

    BankMoney transfer company
    Exchange rateThe exchange rate is 62.44 Taka for every 1 Singapore dollar.The exchange rate is 63.44 Taka for every 1 Singapore dollar.
    Transfer feeThe bank charges $20 cable charge and $5 – $35 handling fees for the transaction. Sumon will have to check with his parent’s bank to find out if they accept this type of transaction and how much it will cost.With a money transfer service, you will be charged $0 – $20 in total for sending $1,000. These fees will change with the transaction amount, but there should not be any charge to the recipient.
    $1,000 SGD converted to BDTIf Sumon were to send $1,000 SGD his parents would receive 62,440 BDT.If Sumon were to send $1,000 SGD his parents would receive 63,448 BDT.
    Turnaround timeRecipients will generally receive funds between two to four business days.The money transfer company takes just minutes to transfer money from Singapore to Bangladesh.
    OptionsThe funds with a bank money transfer will be deposited into the recipient’s bank account.This is a cash transaction, where the money will be picked up by the beneficiary.

    Difference

    Not only is the fee with the money transfer company $25 less, but Sumon’s parents will receive 1,008 BDT more. This is not including any fees their bank may have charged.

    How do I compare transfer companies when transferring money to Bangladesh?

    Look over the following items carefully when comparing your money transfer options to avoid those extra charges the way Sumon did:

    • Competitive exchange rate. This is, of course, the first thing you need to pay attention to as it is here where a money transfer service can conceal extra fees.
    • Little to no fees. You will almost always be charged a base fee for the transaction. Compare this between companies to find one that is not exorbitant.
    • Easy way to send funds to Bangladesh. Some companies have online sending services only while others require you to make the transaction in person. This is your personal preference of course, but something to consider.
    • Flexible ways to receive funds from Bangladesh. This is important if you are sending money to someone who is remote or unable to physically appear to pick up the money.
    • High maximum transfer amounts. For your protection, most companies and banks will have a cap on the amount you can send per transaction and per day. If you plan on sending large amounts at a time, this is something you should take into consideration.

    How do I send money to Bangladesh from Singapore?

    In Singapore, there are some providers, including banks that will allow you to send money to Bangladesh. Consider your needs and those of your most common recipients first to decide which will be the best choice in your circumstance.

    You can start by looking into these overseas money transfer service providers:

    • Bank-to-bank transfers. Some larger Singapore banks will allow you to send money overseas. This can be in the form of a one-off transfer, or a special account, which allows you to send money overseas to any account for free or at a lower rate.
    • Money transfer service company. Due to the volume of international exchanges a money transfer company carries out, they can afford to offer more competitive exchange rates and lower fees than many Singapore banks. Some of them can also carry out market orders, regular transfers and more.

    Emergency cash transfers in Bangladesh

    Singaporeans who visit Bangladesh also have options if they lose their wallet or purse and need to acquire real cash quickly:

    • Transfer service company. So long as you have a valid picture identification, you will be able to receive money at a transfer service provider in Bangladesh. Some transfer services like WorldRemit, Western Union and MoneyGram allow you to send cash overseas and have it available for pickup within minutes.
    • Travel insurance. Whenever you travel outside of Singapore, you should purchase travel insurance. In addition to protection from medical expenses, depending on the policy, you may be able to receive emergency cash through the insurance provider.
    • Credit card complimentary insurance. Many major credit cards also have their own travel insurance which you can activate by fulfilling certain conditions. This too could be useful in obtaining emergency cash while taking a holiday in Bangladesh.

    Cash pickup locations in Bangladesh

    You’ll find that there are a number of WorldRemit, Western Union and MoneyGram locations available in Bangladesh if you need to pick up money. Look for one in your proximity and check the store hours to make sure that they are open when you arrive.

    WorldRemit

    Dhaka

    • Islami BankDhanmondi BranchNilu Squire, Sat Masjid RoadDhanmondi R/A, Dhaka 1209

    Phone. +880-9125316

    Hours. Saturday through Thursday 9 am to 5 pm Friday closed.

    • Bank Asia Bhairab BranchKalibari Road, Bhairab BazarKishoregonj, Dhaka 1541

    Phone. +880-094247232831

    Hours. Saturday through Thursday 9 am to 5 pm Friday closed.

    Pabna

    • BRAC BankIshardi BranchMahabub Khan Plaza, Station RoadPabna, Rajshahi 6620

    Phone. CSM-07326-64459

    Hours. Saturday through Thursday 9 am to 5 pm Friday closed.

    • Islami BankPabna BranchRajshahiPabna, Rajshahi 6600

    Phone. (0731) 65621, 66324

    Hours. Saturday through Thursday 9 am to 5 pm Closed on Friday

    Western Union

    Dhaka

    • Agrani Bank LTDKolapara Bazar BranchKolapara Bazar MunshigonjMunshigonj, Dhaka 1550

    Phone. +880-1911369662

    Hours. Saturday through Thursday 9 am to 5 pm Friday closed.

    • Agrani Bank LTDSimpara BranchSimpara Bazar MunshigonjMunshigonj, Dhaka 1541

    Phone. +880-1722054586

    Hours. Saturday through Thursday 9 am to 5 pm Friday closed.

    Pabna

    • Abdul Hamid Rd BranchAbdul Hamid Road PabnaPabna, Rajshahi 6600

    Phone. +880-1727448057

    Hours.Saturday through Thursday 9 am to 5 pm Friday closed.

    • Nazirganj BranchNazirganjPabna, Rajshahi 6600

    Phone. +880-17300-65988

    Hours. Saturday through Thursday 9 am to 5 pm Closed on Friday

    MoneyGram

    Dhaka

    • Mercantile Bank Limited #111Nawab Akhtar Uddin MansionZinda Bahar-1st Lane 25-1Dhaka

    Phone. 27393827

    Hours. Sunday through Thursday 10 am to 4 pm Closed Friday and Saturday

    • Sebl IslampurAdel Complex Islampur Rd.Dhaka

    Phone. 21755594189

    Hours. Sunday through Thursday 10 am to 4 pm Closed Friday and Saturday

    Pabna

    • NCC – #110Pabna Moktob Mor PabnaPabna, 6600 Phone. 01713017036 Hours. Sunday through Thursday 10 am to 4 pm Friday closed. Saturday 10 am to 2 pm
    • Uttara Bank LimitedPO & PS Puthia RajshahiRajshahi G.P.O., 6260 Phone. 8800722856117 Hours. Saturday through Thursday 10 am to 5:30 pm Closed on Friday

    Tips for picking up cash in Bangladesh

    You are advised by the Ministry of Foreign Affairs (Singapore) to take all necessary precautions for their personal safety when visiting Bangladesh. For this reason, make sure that you call your pickup location ahead of time to confirm their hours of operation.

    Do not rely on public transportation to get you to the location, rather ask the hotel to make arrangements for you with a well-known taxi service. Go straight back to the hotel when the transaction is complete and secure the cash in a safe place.

    What documentation do I need to send money to Bangladesh?

    If you have decided to use a money transfer provider to send money from Singapore to Bangladesh, you might need to supply them with specific information about your recipient (especially if you’re sending cash to be picked up by your recipient). This includes:

    • Your full name. It is imperative with these types of companies that the name you provide as the beneficiary exactly matches the name on their identification.
    • The general location your recipient is picking up the funds. You should be able to provide at the least the city in which the person will be picking up the money.
    • Tracking number. This will be given to you at the conclusion of your transaction. Make sure that you give it to the person who will be picking up the money along with details of the amount sent.
    • Additional information. The recipient may also be asked for your general location or phone number as well as your name for verification. Be sure that they know these details.

    Hold onto your receipt until you can confirm that your recipient was able to pick up the money. You will have to provide this if there is a problem with the transfer.


    You have many options to look into when contemplating how to send money to Bangladesh from Singapore. Compare them all and do your best to find the company or bank that will allow as much of your money as possible to make it back home.

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