Please note: You should always refer to quotes you receive from transfer services themselves directly for exact amounts as they may vary from our estimates.
Find the best way to send money to Bangladesh
Learn how to send money to Bangladesh from the UK in our step-by-step guide.
Looking for the best way to send money from the United Kingdom to family, friends or businesses in Bangladesh (or even to your own overseas bank account)?
Don't head straight to your British bank – compare specialist money transfer services instead. They nearly always offer better BDT exchange rates and lower fees, so for the same amount of pounds you send, your recipient will receive more takas.
Of the companies we've compared, OFX is among the cheapest, with competitive exchange rates and fees starting from £0. Need a really fast transfer? PassTo can get money to your recipient in Bangladesh within minutes.
Best ways to send money to Bangladesh from the UK
The best way to send money to Bangladesh depends on your payment method, how you want your money to be received and how fast you need it to arrive.- Online money transfer provider. When buying pounds or takas money transfer specialists typically offer better rates and cheaper fees than a local bank.
- Bank transfer. Bank transfers are an easy way to send money to Bangladesh but they charge extra for the convenience and are often slower than other methods. UK banks generally add a 3% to 6% markup onto exchange rates.
- Cash pickup. If you need your money to arrive fast, cash pickup gives your recipient instant access to the money you've sent when they collect it from their agent location in Bangladesh.
- Mobile wallet. Essentially an electronic wallet service, mobile wallets allow users to store, send and receive eligible currencies using their phone, often with fees attached.
- Prepaid phone credit. Specifically used to top up a recipient's prepaid mobile phone plan, prepaid phone credit is usually added instantly or within a few minutes.
- Home delivery. If your recipient may struggle to get to a cash pickup location, you may be able to opt for door-to-door cash delivery.
Compare the best money transfer companies to send money to Bangladesh
Use our table to compare the best money transfer companies to send money to Bangladesh. You can compare deposit and receiving options, fees and transfer speeds, then click the "Go to site" button when you've found the best one to get your money to Bangladesh.
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Cheapest way to send money to Bangladesh
Bank transfers are typically the cheapest way to get your money to Bangladesh. OFX and Remitly have some of the lowest bank transfer fees of the brands we've compared.
When you're hunting down the cheapest ways to send money to Bangladesh, it's more important to look at the overall cost of your transfer. This has a couple of elements:
- Transfer fees. While still cheaper than your British bank, some money transfer services charge either a fixed or percentage-based fee for making your transfer.
- Exchange rates. Another way money transfer providers make money is to add a margin to the mid-market GBP/BDT exchange rate.
Some providers may charge the mid-market rate but add fees on top. Others may have very low fees but apply a markup on the exchange rate. This means it is important to compare exactly how many takas your recipient will end up with.
Fastest way to send money to Bangladesh
Many online providers can offer transfers to Bangladesh within minutes, although you're likely to pay a premium for the convenience.
Here are some of the fastest average transfer speeds to Bangladesh:- PassTo — within minutes
- Remitly — within minutes
- Western Union — within minutes
Actual transfer times from the United Kingdom to Bangladesh can depend on several different factors including transfer amount, payment method and currency.
Safest way to send money to Bangladesh
The safest way to get your money to Bangladesh is to use a provider registered with the United Kingdom's industry regulator, the Financial Conduct Authority (FCA). All of the companies we've compared in our table are overseen by a local regulator and comply with the relevant laws and regulations in both the United Kingdom and Bangladesh.
A great way to dive deeper is by reading our extended reviews of each transfer service and researching first-hand customer feedback on Trustpilot and similar platforms.
Large money transfers to Bangladesh
If you need to make a sizable money transfer to Bangladesh, consider using a provider such as Wise (TransferWise) or TorFX to benefit from its expertise in handling larger transfer amounts.
Using a large transfer specialist can have the following advantages:- Tax guidance. Large transfers to Bangladesh may have tax implications for you or your recipient. A transfer specialist can help get you up to speed on HMRC's latest advice.
- Foreign exchange (forex) tools. Advanced tools such as forward contracts, limit orders and stop-loss orders can help you lock in the BDT exchange rate you want.
- Account manager. Some money transfer providers assign a personal account manager who can help and advise you on your transfer needs.
- Phone service. If you want to talk your transfer through with someone, providers such as CurrencyTransfer Business and Wise (TransferWise) can give you support over the phone.
How to send money to Bangladesh from the UK
To send money to Bangladesh, you'll need the necessary documentation, your recipient's details and a way to pay.
- Compare your options.
Use our table to find a money transfer provider that sends funds to Bangladesh. One may be better for cash pickups while another may suit a bank transfer. Once you've found the best one for your requirements, click "Go to site". - Create an account.
You'll need to give your name, address, contact details, proof of ID and method of payment.- Provide your recipient's details.
Enter your recipient's name and contact information. If you're sending straight to their Bangladeshi bank account, you'll need the account number, SWIFT or IBAN plus their bank branch's address.- Enter your transfer amount.
Check you're happy with the fees, exchange rates and transfer speed, then enter the amount you wish to send. Double-check the total takas your recipient gets.- Complete your transfer.
Send your money transfer to Bangladesh. Keep your transaction reference number safe so you can track your transfer. Your recipient may need it too.How to choose the best money transfer companies to send money to Bangladesh
When choosing a money transfer provider to send money from the United Kingdom to Bangladesh, it's important to consider the cost, how you want your recipient to receive the funds and the turnaround time. Here are other features to review:
- Exchange rates. Banks and transfer services use the mid-market rate to trade with one another. It is the best rate you can get. However, not all money transfer providers offer you this mid-market rate so compare the BDT you're offered to the mid-market rate and look for the smallest difference.
- Transfer fees. Are you being charged a flat fee or a percentage of your transfer amount? For example, a provider offering to transfer your money to Bangladesh for a flat or low fee might work out better if you plan to send a large amount.
- Transfer type. Does your recipient have a Bangladeshi bank account or is cash or cell phone top-up a better option? Each transfer type will have different fees. For example, instant cash pickups tend to be more expensive than bank transfers.
- Transfer speed. If you need your transfer to arrive quickly, you can pay for an express delivery. Companies such as WorldRemit offer instant cash pickups but may charge more. If you're not in a rush, online money transfer services offer the best value and get your money to Bangladesh faster and cheaper than banks.
- Transfer limits. Find out how much you can send with each service. For example, Western Union has a transfer limit of £4,000 while OFX allows unlimited transfers.
- Discounts. Some providers may offer you a free transfer simply for signing up. Others may offer a discount if you transfer more than a specific amount of takas.
Frequently asked questions
We show offers we can track - that's not every product on the market...yet. Unless we've said otherwise, products are in no particular order. The terms "best", "top", "cheap" (and variations of these) aren't ratings, though we always explain what's great about a product when we highlight it. This is subject to our terms of use. When you make major financial decisions, consider getting independent financial advice. Always consider your own circumstances when you compare products so you get what's right for you. Most of the data in Finder's comparison tables has the source: Moneyfacts Group PLC. In other cases, Finder has sourced data directly from providers.Go to siteMore guides on Finder
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6 Responses
- Provide your recipient's details.
I am from Bangladesh. I am still a student. I have some student account, but no business or personal account. One friend of mine from the UK wants to send me some money. How to do this? Is it possible to transfer money from the UK to Bangladesh by bKash? I have a bKash account under mom’s name. But most importantly, my friend is a UK citizen, a native English. Please, give me some suggestion.
Hi Tanjina,
Thanks for getting in touch with Finder. I hope all is well with you. :)
It is possible for your friend in the UK to send money to your bKash account provided that the money transfer service company he/she uses an authorized or partner company of bKash. As of this time, we don’t have a list of specific companies that are partnered with bKash. However, you can still ask your friend to use any of the companies listed above such as TransferWise and Azimo. Simply click on the “Go to site” green button and from there, your friend will know whether these companies can send through bKash.
Of course, you also have the option to use other means of receiving the money. That way, your sender would have other options when sending you money.
I hope this helps. Should you have further questions, please don’t hesitate to reach us out again.
Have a wonderful day!
Cheers,
Joshua
I have A Bangladeshi local Bank account And Have SWIFT code But not have IBAN number,When i go to Bank and tell them to generate this IBAN number they told me,Its not possible to generate IBAN number in Bangladesh Bank account and also tell me that, no need to received money to abroad an IBAN number,They give me My Account number And Bank name adress and Bank SWIFT code.So Is it possible to received money in my that bank account to international wire transfer.Thank you.
If you are transferring funds to a Bangladeshi bank account, you’ll need to provide the recipient’s name, account number, the bank’s name and SWIFT code. If you refer to our page on sending money to Bangladesh you can get in touch with RationalFX or Azimo, who offer wire transfers to Bangladesh, to find out if you would need to provide an IBAN number or any further information.
I don’t bank account or VISA/ MASTER/ DBBL Nexus/ AMEX Card.Can i pay by cash or mobile phone?
Yes some providers allow you to make cash transfers. We would recommend you use either Western Union or MoneyGram to transfer cash to Bangladesh. Both these providers have cash pickup locations in Dhaka and Chittagong.