You left Bangladesh, you work hard, you have loved ones back home, and now you want to send money to Bangladesh.
As of 2020, the average transfer fee for an international remittance was 7%, which amounts to tens of billions of dollars on an annual basis.
Is there a better way to send money with low transfer fees?
Consider online money transfer companies like Remitly—reliable, easy to use, and low fees.
In this article, we will cover common FAQs and how to get started.
Why Should I Use Remitly To Send Money to Bangladesh?
You work hard for your money. Remitly makes it easier for you to send more of it to your loved ones in Bangladesh.
The pricing structure for sending money to Bangladesh is simple with no hidden fees.
Send Money to Bangladesh in 5 Easy Steps
Sending money online to your loved ones in Bangladesh with Remitly is simple. First, if you haven’t already, download the app and create an account.
- Set Bangladesh as your destination country.
- Enter the transfer amount you wish to send and choose your payment method. You can use a debit card, credit card, or bank account.
- Select your preferred delivery method—bank deposit, cash pickup, or mobile money (or called mobile wallet).
- Enter the recipient’s details, such as their bank details or phone number.
- Add your payment details such as your credit card or debit card info.
Remitly may ask for additional documentation depending on the amount you send or if we’re unable to verify your identity.
Easily Send Extra to Your Loved Ones
Now is a great time to send money to Bangladesh. The Bangladesh government is currently offering an extra 2.5% in BDT upon disbursement on all remittances sent by expatriate Bangladeshis.
With Remitly, you can choose between 50+ banks, 9,000+ cash pickup locations, and bKash.
How does the Bangladesh cash incentive offer work?
If you’re a Bangladeshi citizen who lives abroad, the government will add 2.5% to your Remitly transfer in BDT for your recipients in Bangladesh. This 2.5% incentive is paid as a separate transfer and added to bank deposits, cash pickup, and bKash mobile wallets.
What are the requirements?
- You must be a Bangladesh national who is employed abroad, but not paid by a government agency or statutory body.
- Your recipient must be a citizen and resident of Bangladesh.
- If you send a transfer of less than 150,000 BDT there are no additional ID requirements.
- If you send more than 150,000 BDT, your recipient will need to submit a copy of your passport and employment confirmation to their bank within 60 days to get the 2.5% incentive.
With Remitly, Which Banks and Providers Can I Send To?
- Islami Bank Bangladesh Limited
- Prime Bank Limited
- Mutual Trust Bank Ltd.
- Janata Bank Limited
- Agrani Bank Limited
- Standard Chartered
- Dutch-Bangla Bank
- How to Send Money Safely to Dutch-Bangla Bank in Bangladesh in 5 Easy Steps
- How to Send Money Safely to bKash in Bangladesh in 5 Easy Steps
How Much Money Can I Send to Bangladesh With Remitly?
To ensure top-quality customer service while adhering to strict security standards and international regulations, Remitly has implemented sending limits. These limits apply when you first open your account.
For customers who send to Morocco from the United States, as of writing, the initial sending limits with Remitly are:
- $2,999 in 24 hours
- $10,000 in 30 days
- $18,000 in 180 days
If you need to transfer amounts beyond this, Remitly will ask you for more information. For more about raising your transfer limits, check out details here.
Additional sending limits may apply depending upon your choice of payout partner or receiving location.
How Much Does It Cost To Send Money to Bangladesh With Remitly?
At the time of this writing, the transfer fees for sending money from the U.S. to Bangladesh are:
- $1.99 for Economy transfers.
- $2.99 for Express transfers.
Wonder how much 1 USD (US dollar) or 1 EUR (euro) can exchange for Bangladeshi taka (BDT)? Check out Remitly’s website for the most current rates.
Further Reading: Bangladeshi Taka Guide: How to Convert, Exchange, and Transfer Taka
Is It Safe To Send Money to Bangladesh With Remitly?
Millions of people around the globe trust Remitly because of the secure and smooth money transfer experience we provide. You can learn more about how Remitly goes above and beyond to keep your information and money safe.
Remitly uses multiple levels of security so you can send money home with peace of mind. Your personal data is protected 24 hours a day through fraud monitoring and encryption. For more information about our security, please visit here.
You and your recipients can track the transfers in real-time, so you won’t have to worry about where the money is. If you have questions throughout the process, we offer help 24/7.
You can have peace of mind that the money you’ve worked hard to earn will safely get to its destination.
More About Bangladesh
With a population of about 167 million people, Bangladesh is the eighth-most populated country in the world. The country has a long history of producing and selling garments. Once a major muslin producer, now it’s a major garment exporter.
Bangladesh’s southern coast lies along the Bay of Bengal. The rest of the border is mostly shared with India, although a small section in the south neighbors Myanmar.
Bangladesh is divided into eight areas:
Dhaka, located in central Bangladesh, has the largest population (34.7 million) and the highest population density (2,073 per km).
More people in Bangladesh work in agriculture than in any other employment sector. Agriculture accounts for about 47% of the country’s employment. Some of the primary crops include:
The warm, wet climate makes it possible for farms to operate practically all year. Rice harvests often take place three times per year, which helps make it the country’s most significant cash crop.
Bangladesh’s constitution lists Bengali as the country’s national language. About 98% of the population speak Bengali, although many speak a variety of regional dialects. A minority of people living in Bangladesh speak Burmese. Nearly all of these people live in the hills that border Myanmar.
The Money Transfer Service That Helps You Send Money to Bangladesh
Remitly makes international money transfers faster, easier, more transparent, and more affordable. Since 2011, over 5 million people have used our secure mobile app to send money with peace of mind.
New customers can get a special offer on their first transfer. Check out Trustpilot to see what other customers like about Remitly.