If you’re helping loved ones back home by sending money to Bangladesh, you’re in good company. Around 10 million Bangladeshis working all over the globe made almost $22 billion worth of remittances in 2020 alone – a substantial chunk of the country’s GDP.
Making money transfers is good for Bangladesh’s economy as well as your immediate friends and family members, but there are a couple of potential drawbacks in the form of high transfer fees and unbalanced exchange rates.
This is where Remitly comes in. We passionately believe that sending Bangladeshi takas to the people in your life should be a fuss-free process: cost-effective, straightforward and reliable, with guaranteed delivery times or you get your fees back.
You can choose to have the takas ready to be collected in cash at your preferred pick up location, or send the money direct to a Bangladeshi bank account or mobile wallet. Speaking of the latter, if you’re looking to make the remittance to a bKash wallet, read on to learn how.
Send Money to bKash in 5 Easy Steps
Supporting a friend or family member with a payment to their bKash account? No problem, just follow the steps below.
- For first-time users, download the Remitly app and create an account. Then select Bangladesh as your destination country.
- Enter the amount you wish to send.
- Choose Mobile Money as your delivery method and bKash as your location.
- Enter your recipient’s full name and phone number, having made sure they have a bKash account already.
- Enter your payment details.
It’s as simple as that. You can now check all the details are correct before making your BDT transfer happen. As your friend or loved one will be kept in the know through Remitly updates, you can feel secure in the knowledge that everything’s taken care of.
Why Should I Use Remitly to Send Money to bKash?
At Remitly, we know that sending money to Bangladesh needs to be something you can do quickly, without having to worry that it might cost too much. After all, life’s complicated enough without remittances being unnecessarily tricky.
This is why we’re proud to say that the millions of people who use Remitly through our app or website can be sure of low transfer fees, not to mention great exchange rates. Cancelling your transfer is easy too, and you’ll get your money refunded in full.
How Quickly Will My Money Arrive at bKash?
One of the perks of sending money to a bKash wallet through Remitly is how fast the process is. In fact, the transaction will be completed fast if you pay by debit or credit card. A bank transfer can take between three to five days.
How Much Money Can I Send to bKash with Remitly?
Remittances can be big or small. A loved one might require a substantial Bangladeshi taka amount one day, and a relatively tiny amount the next. That’s all fine when you use Remitly. What matters to us is ensuring you can send money when you need to, while maintaining the safety of your assets and meeting the requirements of international regulations.
To fulfil these requirements, there are sending limits in place for members who’ve provided us with the minimum verification details.
- 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
Need to send much more? Not a problem – we can enhance your spending limits after you provide us with the necessary extra verification info to do so.
Further reading: Safely Send Money to Bangladesh in 5 Easy Steps
Is it Safe to Send Money to bKash with Remitly?
It’s important to be wary whenever you’re handling money online – whatever currency it is, and wherever you’re sending it. With Remitly, you’ll be protected by two-factor verification and personal data encryption.
These industry-standard protocols ensure that everything from your login details to your transactions are kept safe. Many of our customers also like knowing they’ll be provided with SMS/text notifications tracking remittances as they happen. If anything goes wrong, you’ll know about it, and will get your money back.
What We Love about bKash
Launched in 2011, bKash lets people manage their money using only their mobile phones, and is a fantastic example of how technology can make a real difference to people’s lives. Fortune magazine agrees – it listed bKash as one of the top 50 companies to Change the World in 2017.
One of the reasons bKash was developed to give millions of ordinary Bangladeshis – many of whom live in rural regions and haven’t traditionally been able to access banking services – an easy way to pay bills, manage their finances and receive takas from family members working in cities. With this in mind, it’s rather fitting that bKash can now be used by Bangladeshis to receive money from loved ones all over the world.
It goes without saying that things have been rocky for billions of people all over the world in recent years. More than ever, it’s important that migrants have a money transfer service they can rely on. That’s exactly what you have with the Remitly app. No matter what happens, you’ll know you can support the people you love with a remittance service that you can track and trust, every time.