Last updated on August 28th, 2023 at 03:17 pm
More than 10 million Bangladeshis are thought to be working outside their home country. That’s a huge number, and so is the amount they transfer back to friends and family: $22 billion in 2020 alone. Sending money to Bangladesh means you’re contributing not only to the wellbeing of your loved ones, but also to your home country’s economy. But how can you avoid unclear exchange rates, and paying too much in transfer fees?
Remitly was created with this concern in mind. We’re here to ensure you can send Bangladeshi takas to friends and relatives in a fast, secure, and cost-effective way. When it comes to how remittances are received in Bangladesh, there are a few options. Your recipient can pick the money up in cash at a pickup point, or have the funds sent to their mobile wallet or bank account. If the bank in question is Dutch-Bangla Bank, here’s how it’s done.
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Send Money to Dutch-Bangla Bank in 5 Easy Steps
Here are the simple steps to follow when you’re sending money to Bangladesh and your recipient is with Dutch-Bangla Bank.
- For first-time users, download the Remitly app and create a profile. Then select Bangladesh as your destination country.
- Enter the amount you wish to send.
- Choose Bank Deposit as your delivery method and Dutch-Bangla Bank as your location.
- Enter your recipient’s account number and routing number.
- Enter your payment details.
Now, just check over the details to ensure everything looks right, and you can go ahead with the BDT transfer. Every Bangladeshi taka transaction is completely transparent, with your friend or relative kept updated with SMS alerts from Remitly. Easy as that.
Why Should I Use Remitly to Send Money to Dutch-Bangla Bank?
There’s no reason why sending money to Bangladesh should be complicated or expensive. We’re privileged that millions of people all around the world trust us because of our fair transfer fees and great exchange rates. And, if you ever do need to cancel the transfer for whatever reason, you’ll get your transfer fees refunded right back to you.
How Quickly Will My Money Arrive at Dutch-Bangla Bank?
You’re always in control when sending money to Bangladesh, and you can choose how quickly you’d like the transfer to happen. Are the Bangladeshi takas urgently required? Opt for the Express service, which will be completed typically within minutes. Alternatively, the Economy option will have the money with your recipient within a few hours.
How Much Money Can I Send to Dutch-Bangla Bank with Remitly?
How much you need to send can change from day to day and week to week. When you use Remitly, you can rest assured that – no matter how much you’re transferring – we make sure your assets are safe, and that international regulations are met.
With this in mind, we have sending limits in place. If you’ve provided us with the minimum amount of verification information, these limits are:
- US$2,999/€5,000/AUD$2,999/£5,000 within 24 hours
- US$10,000/€15,000/AUD$10,000/£15,000 within 30 days
- US$18,000/€50,000/AUD$18,000/£50,000 within 180 days
Don’t worry if you have to send more back home. By simply providing us with some extra details, you can increase your spending limits to accommodate your needs.
Is it Safe to Send Money to Dutch-Bangla Bank with Remitly?
It almost goes without saying that security is one of our top concerns at Remitly. We use bank-standard digital encryption to keep money transfers and personal data secure. Extra peace of mind is also provided by SMS/text notifications which track money transfers, and our team of in-house security experts are always here to make sure things go without a hitch. In the unlikely event of a problem with a transfer, your money will be refunded.
Discover more here about how safe Remitly is to use.
More about Dutch-Bangla Bank
As the name suggests, Dutch-Bangla Bank (or DBBL) was forged by a partnership between a Dutch company and Bangladeshi shareholders. That was back in the 1990s, and the bank has continued to grow in stature ever since. It’s been a pioneer in the field of automated banking, operating the country’s largest number of ATM machines. It also takes social responsibility very seriously, priding itself on funding good causes across Bangladesh.
Its past work includes donating large amounts of money to disadvantaged women as financial assistance for setting up farms and agricultural enterprises, and helping fund the construction of a hospital for cancer treatment.