Personal Finance Money transfer

Send Money To Bangladesh with Remitly

Tommy Buckley

03.05.23 (updated more than 1 year ago)

Read time 2 minutes

Need to send money to Bangladesh? You might be paying bills for a property you own there, supporting a family member or paying for goods or services.

Whichever is the case, you’ll need to know the cheapest and most convenient way to make an international transfer.

One of your options is Remitly, the online money transfer service. In this handy guide, we’ll show you how to make a money transfer with Remitly to Bangladesh. This includes fees, exchange rates, transfer times and how to get started.

There are also alternative providers such as Wise who use the mid-market rate, which is among the fairest you can get. This means your money goes further.

Learn More 🚀

How to send money to Bangladesh using Remitly

New to Remitly? Here’s a useful step-by-step guide to help you set up your first international money transfer¹:

Head to Remitly.com or download the Remitly app, and create or sign into your account.
Select ‘Send money’ and type in the amount you’d like to send.
Choose a delivery method. For bank deposits, you’ll need to enter your recipient’s bank account details. For cash collection, you’ll need to choose a convenient pickup location for your recipient.
Enter the recipient’s details, including their name and phone number.
Enter your own personal details (if you haven’t already done so when creating your account).
Decide how you’ll pay for your transfer - bank account, credit or debit card.
Review your transfer summary, making sure to check the details carefully.
Click ‘Send Money’ to confirm and wait for the transfer to process. You should then receive a confirmation email.

Remitly: Transfer Fees To Bangladesh

Now, how much does it cost to send money to Bangladesh with Remitly?

The good news is that Remitly charges no transfer fees for digital delivery. This means that if you choose a bank or mobile wallet deposit, you won’t pay any upfront fees².

Opt for cash pickup though, and there’s a fee of £2.99².

Alongside the transfer fee, it’s also important to check out Remitly’s exchange rate for Bangladesh. This can make a big difference to the overall cost of the transfer.

Receiving money with Remitly in Bangladesh

Over in Bangladesh, your recipient will have a choice of options for getting their money. This includes²:

Bank deposit
Mobile wallet deposit
Cash pickup.

Remitly pickup locations in Bangladesh

If you’ve chosen cash pickup as the delivery method, it’s useful to know that there are over 9,700 Remitly Bangladesh pickup locations across the country. You should be able to see all available options when you start setting up your transfer.

Remitly: transfer limits to Bangladesh

Another useful thing to know about using Remitly is that there are limits on how much you can send.

New users will usually start with basic limits, where you can send a maximum of⁵:

£5,000 per 24 hours
£15,000 per 30 days
£50,000 per 180 days.

You should be able to check your own personal limits in your Remitly account, or on the mobile app. If you’d like to increase your limits, you’ll need to provide Remitly with additional ID and documentation.

How long does it take to send money to Bangladesh with Remitly?

Remitly generally offers two different transfer speeds⁷:

Economy - 3-5 business days
Express - within minutes (if funded by debit card).

It’s usually the case that there’s an extra fee to pay for the Express service.

How does this compare with other providers? Well, if you send money to Bangladesh with Wise, your money should arrive the next working day⁴.

Send Money With Wise

Transaction speed claimed depends on individual circumstances and may not be available for all transactions.

And that’s pretty much it - everything you need to know about making a money transfer with Remitly to Bangladesh. We’ve looked at fees, transfer times, exchange rates and much more.

Just remember that Remitly isn’t the only game in town when it comes to international transfers. An alternative like Wise could be faster and cheaper.

Please see Terms of Use for your region or visit Wise Fees & Pricing for the most up to date pricing and fee information

Sources used:

Sources last checked on date: 23-Jan-2023

*Please see terms of use and product availability for your region or visit Wise fees and pricing for the most up to date pricing and fee information.

This publication is provided for general information purposes and does not constitute legal, tax or other professional advice from Wise Payments Limited or its subsidiaries and its affiliates, and it is not intended as a substitute for obtaining advice from a financial advisor or any other professional.

We make no representations, warranties or guarantees, whether expressed or implied, that the content in the publication is accurate, complete or up to date.