Transfer Money Now
Main Services: International money transfers, remittance services, mobile transfers
Transfer Objective: One time/ Recurrent
Transfer Method: Direct to Bank, Cash pick-up, Mobile top-up
Min Transfer Amount: $15
- Great on mobile transfers
- Easy to send or receive money
- Good for remittance services
Main Services: International money transfers, cash pickup, remittance services, mobile transfers
Transfer Objective: One time/Recurrent
Transfer Method: Bank transfer, Phone/App, debit or credit card, cash pick-up
Min Transfer Amount: £0.01
- Locked-in exchange rates
- 145+ years of experience in moving money
- Tracking options for transfers online
- 0-3 days of delivery (depends on destination)
Up to 24h
Main Services: Send money online, bank transfers, telephone transfers. Send money to family and friends, emigrate, buy a property overseas or make regular maintenance payments.
Transfer Objective: one off/regular transfers
Transfer Method: Electronic bank transfer, UK debit card, UK direct debit
Min Transfer Amount: £100
- Free transfer fees
- Free to open an account
- Transfers by phone, online or App
- Safeguarded customer funds
- Longstanding FX provider since 1979
Up to 24h
Up to 24h
More than 48h
More than 48h
70 Read Review
One of the first things that you need to do when considering an international money transfer is to make a research of the providers, including exchange rates, speed of transfer, and credibility of the companies which you are considering (For example, both Western Union and MoneyGram as the two biggest players, for instance, offer $0 transfer fee from your bank to the National Bank Limited, Agrani Bank, IFIC Bank, Uttara Bank, Premier Bank Limited, and other major banks).
Follow the link to get the main checklist on how to compare.
The limit per one transfer may vary depending on the conditions of the provider that you are using. For example, the maximum amount per transaction through Western Union is USD $5,000. Local country laws may further limit payment amounts. There may be even lower limits depending on the country where you are sending from and the payment method used to fund the transfer. Please check the local regulations of the sending location and the chosen agent.
Since 2012, the government of Bangladesh has eased many restriction regarding the forex transfers.There is no general restrictions, but remittances equivalent to US$ 2000 and above
should be reported to the Bangladesh Bank . However, declaration by the beneficiary is not required against remittances sent by Bangladesh nationals working abroad. The purpose of
remittances should be clearly stated. Please check the local regulations of the sending location and the chosen agent.
Depending on the type of remittance and the provider you are using, the transfer could be available to your recipient in Bangladesh anywhere between few minutes and few days. Please check the specific conditions fitting your case. The process of receiving a money transfer in Bangladesh will vary by provider and delivery method. In general, your recipient will provide ID or a confirmation number for the transaction to receive your funds. If your recipient owns an account at a Bangladeshi bank or money transfer company, they may not need to provide this information each time you send money.
Most of the financial institutions have online tools on their website that allow you to track the money transfer. If you have carried out the money transfer to Bangladesh via a bank, you can track your transaction by entering information like the tracking number and beneficiary’s account no. on the bank’s website.
When you send money via services like Xoom, Western Union, or Ria, you can always track your transfer by logging into your account on their website. The status tracking tools on the websites of these services keep the customers updated about the change in status. The recipient in Bangladesh can also check the status of the transfer online. The check transfers and bank draft transfers can also be tracked online. Some of these institutions even provide updates via email and SMS where the sender and the receiver can keep a check on the status. A few companies like TransferWise and Xoom have mobile apps that enable customers to check the status of transfer on their mobile devices.
For the most cases, the answer is no, but be sure to check your specific case with the chosen agent.
Personal money gifts to the first degree relatives, including spouses, are exempted from the taxes in Bangladesh. In addition to the above exemptions, gifts made in any financial year up to value of Tk. 20,000 are exempt from gift tax.
When you’re sending money overseas, in many cases you’ll need to convert the funds you send into another currency, such as U.S. dollars into Bangladeshi Taka. But the provider or agent will convert the currency anyway, so you don’t have to deal with it yourself. Generally, Agent locations only accept cash in local currency. The receiver in Bangladesh will be paid out in Bangladeshi Taka (BDT) only.