ACE Money Transfer
ACE Money Transfer
11 Nov 2026
EXIM Bank international money transfer to Bangladesh works through the bank’s own exchange-house subsidiaries and agency arrangements with international money transfer companies, with funds sent to an EXIM Bank account using the bank’s published remittance partners, SWIFT/BIC details, and settlement instructions on its official website (EXIM Bank remittance services).
This guide explains how international transfers to and from Bangladesh through EXIM Bank work, which details are required, and what to check about fees, processing times, tracking and potential delays. It also outlines ACE as an option for personal transfers without implying a direct partnership with EXIM Bank.
EXIM Bank facilitates remittance services for people sending money to Bangladesh and beneficiaries receiving funds in the country. According to the bank, it has established two exchange houses in the UK and Canada as fully owned subsidiaries. It also maintains drawing and agency arrangements with other exchange houses and international money transfer companies (EXIM Bank’s official remittance information).
These arrangements provide different channels through which overseas remittances can be routed to Bangladesh. The sending provider, the beneficiary’s bank and the payment route determine how a transfer is processed. Therefore, customers should confirm the available service with the provider they intend to use rather than assuming that every transfer company supports every recipient bank.
EXIM Bank also identifies a dedicated Foreign Remittance Department at its head office for remittance operations. Customers who need clarification about an incoming payment can use the bank’s published contact information to ask about the appropriate process and any documentation required (EXIM Bank remittance contact details).
EXIM Bank publishes a list of exchange houses and money transfer companies with which it has remittance arrangements. The list includes:
EXIM Exchange Company (UK) Limited
Western Union
Ria Money Transfer
MoneyGram
Xpress Money
Aftab Currency Exchange Limited
International Money Express (IME)
Cash Express
Zenj Exchange Co. W.L.L.
BRAC Saajan (UK)
Prabhu Money Transfer
These names are taken from EXIM Bank’s published remittance information. Western Union is a major provider with a network across the world, operating in 195 countries with 245,000 service points, but customers should still verify that the specific route supports EXIM Bank on the bank’s official remittance partner list before choosing a provider, as availability can depend on the sending country, transfer method and service offered by the provider.
A provider appearing on the bank’s list does not necessarily mean that every branch, agent or digital service of that provider supports every transfer route. The sender should confirm that the chosen service can send funds to Bangladesh and that EXIM Bank is available as the recipient bank before paying for the transaction.
If someone overseas wants to send money to a person who banks with EXIM Bank, the sender should first confirm that their chosen remittance provider supports a bank deposit to the recipient’s account. The recipient should provide accurate account information and any additional details requested by the sending provider.
The general process is as follows:
Individuals and businesses should select a bank, exchange house or money transfer company that offers transfers to Bangladesh. If they intend to use one of EXIM Bank’s published remittance partners, they can check the bank’s official list before proceeding.
The sender should then confirm that the provider supports payment into an EXIM Bank account. A provider’s general Bangladesh service does not automatically confirm that EXIM Bank is available as a payout bank for every sending country or transfer method.
For a bank deposit, the sender will generally need the recipient’s account information. The exact fields depend on the provider and payment route, and some also ask for the transfer currency, such as GBP, but may include:
Recipient’s full name, matching the bank account.
EXIM Bank account number.
Bank name: Export Import Bank of Bangladesh PLC.
Branch name and address, where requested.
Bank Identifier Code (BIC) or SWIFT code, where required.
Recipient’s contact information, if requested by the provider.
The sender should obtain the details directly from the recipient and confirm them before submitting the transfer. Incorrect beneficiary information can cause processing problems or delays. ACE also advises customers to check recipient information carefully and explains that incorrect bank details may delay a bank deposit (ACE transfer guidance).
A SWIFT/BIC helps identify a financial institution in international financial messaging. The international standard defines the BIC as an identifier used for addressing messages, routing business transactions and identifying business parties (SWIFT’s explanation of the BIC).
EXIM Bank publishes the following general BIC:
EXBKBDDH
The bank also publishes branch-specific BICs. Examples include:
| EXIM Bank branch | Published BIC |
|---|---|
| Motijheel Branch | EXBKBDDH001 |
| Panthapath Branch | EXBKBDDH002 |
| Agrabad Branch | EXBKBDDH003 |
| Khatunganj Branch | EXBKBDDH004 |
| Gulshan Branch | EXBKBDDH007 |
| Sylhet Branch | EXBKBDDH009 |
| Uttara Branch | EXBKBDDH015 |
| Mirpur Branch | EXBKBDDH017 |
These codes are listed on EXIM Bank’s official SWIFT and branch BIC page. The table is not a substitute for checking the full list. The sender should confirm which code the receiving branch or sending provider requires before initiating a transfer.
Do not select a branch code simply because it appears in a search result. The appropriate BIC depends on the instructions for the particular transfer. If the provider requests only the bank’s general BIC, confirm that requirement rather than adding a branch identifier without checking.
Before submitting the transaction, the sender should complete this simple final check by confirming the recipient’s name, account number, bank details, transfer currency, amount and any reference information requested by the provider.
The sender should also review the exchange rate, fees and estimated delivery time displayed by the provider. These details can vary according to the sending country, payment method, payout method and provider. Even with secure international transfers, it is worth verifying the fees, delivery estimate and transaction reference before submission. The sender should retain the transaction reference or receipt so that they can follow up if the payment does not arrive as expected.
The SWIFT/BIC is one of the details that may be requested when arranging an international bank transfer. EXIM Bank’s published general BIC is EXBKBDDH, while its official list includes additional branch-specific identifiers (EXIM Bank SWIFT details).
The sender should not assume that a SWIFT code is the only information required. Depending on the sending bank and the route used, additional details may be requested. These could include the beneficiary’s account number, full name, branch information, payment purpose or other supporting information.
International payments may pass through intermediary or correspondent banking arrangements, depending on the currencies, banks and payment route involved. EXIM Bank publishes Standard Settlement Instructions (SSI) and details of certain Nostro accounts used for international operations. Its published information includes correspondent banking details for several countries, including India, Bhutan, Pakistan and Nepal (EXIM Bank’s international operation and SSI information).
These settlement instructions are banking information and should not be treated as a substitute for the beneficiary’s personal account details. A sender should use the payment instructions provided by their own bank or remittance provider for the specific transaction. They should not independently substitute a correspondent bank account for the recipient’s EXIM Bank account.
If the sending institution requests intermediary bank details, the recipient should contact EXIM Bank or obtain the correct instructions through the sending institution. The details required can differ by currency and payment route.
The amount received in Bangladesh can depend on the exchange rate applied to the transfer, the amount sent and any applicable charges. The sender should review the total cost and the amount expected to reach the recipient before confirming the transaction.
EXIM Bank publishes foreign currency buying and selling rates on its website. These rates are displayed by currency and transaction category, and the bank provides an update date alongside the published figures. Customers can consult the EXIM Bank foreign currency rates page for the bank’s published rates.
A bank’s published currency rate should not automatically be treated as the rate that a particular remittance provider will apply. The rate offered to the sender may be determined by the sending provider and the transfer route. The sender should check the rate displayed for their transaction rather than relying on an older figure or a rate published for a different type of transaction.
The total cost of an international transfer may involve more than one charge. Depending on the payment route, the sender may need to check:
The sending provider’s transfer fee.
The exchange rate and any margin included in it.
Charges applied by intermediary or correspondent banks, where relevant.
Any receiving-bank charge that applies to the transaction.
The final amount expected to be credited to the beneficiary.
The availability and amount of these charges depend on the provider and payment route. EXIM Bank publishes schedules of charges on its website, including general banking and foreign-exchange-related schedules. Customers should consult the relevant EXIM Bank schedule of charges and confirm any applicable charge with the bank or sending provider before arranging a transfer.
Do not assume that a transfer is free because the sending provider advertises no transfer fee. An exchange-rate margin or other charge may still affect the amount received. The sender should compare the final amount shown before payment, not just the headline fee.
The time required for an international transfer depends on the sending provider, payment method, currency, banking hours and route used. International wire transfers commonly take one to five business days, although the timeframe varies by provider and destination. For example, Stripe's international wire transfer guidance, updated on 12 May 2026, gives this estimated timeframe. SWIFT payments may reach the beneficiary bank much sooner, but final crediting depends on the receiving bank and local processing. SWIFT's payment speed guidance, checked on 9 November 2026, explains this distinction. Standard SEPA credit transfers are generally completed within one banking business day, under the European Payments Council's SEPA rulebook, issued on 30 October 2020.
These are indicative timeframes, not guaranteed delivery commitments. Actual timing may vary by provider, route, currency, intermediary banks, operating hours and compliance checks.Bangladesh Bank explains that remittances can be sent through foreign banks and exchange houses that have drawing arrangements with banks in Bangladesh. Bangladesh Bank's drawing arrangements guidance states that banks have taken steps to credit remittance proceeds to beneficiaries promptly, within a maximum of three days. The page does not specify the date of publication.
Bangladesh Bank subsequently issued FEPD-1 Circular No. 03 on 8 January 2026, setting same-day or next-business-day crediting expectations for inward remittances where the required information is available, with up to three business days for cases requiring pre-credit verification. Actual processing times may vary depending on the transaction, documentation and compliance checks. This is general guidance and should not be interpreted as a guaranteed delivery time for every transfer to EXIM Bank.
ACE publishes general delivery estimates for its services. ACE's official FAQ, checked on 9 November 2026, states that most debit- or credit-card-funded transactions are completed within minutes, while online bank transfer payments generally take one to two banking days. These are estimated timeframes, not guaranteed delivery times. Actual processing and delivery may vary depending on the destination country, payment method, banking hours, weekends, public holidays, beneficiary details and additional verification requirements. Its FAQ also explains that incorrect details, time-zone differences, banking hours, weekends, public holidays, additional information requests and partner downtime can affect delivery (ACE transfer times and possible delays).
These ACE estimates are not EXIM Bank-specific delivery guarantees. If a sender uses ACE, they should check the estimated delivery time and available payout options shown for their particular transfer before proceeding.
ACE Money Transfer Limited is authorised by the UK Financial Conduct Authority (FCA) as an Authorised Payment Institution, under Firm Reference Number (FRN) 506692, to provide payment services in the UK. Its authorisation can be verified through the FCA Financial Services Register. This information was checked on 9 November 2026. Its Bangladesh service information describes available transfer methods and explains that customers can select a payout option and enter beneficiary details when creating a transaction (ACE’s Bangladesh transfer page).
However, EXIM Bank is not named in the remittance partner list published on EXIM Bank’s website. Therefore, this article does not present ACE as an official EXIM Bank remittance partner or claim that ACE has a direct arrangement with the bank.
If you want to send money through ACE to someone who holds an EXIM Bank account, first check the live recipient-bank options available for your sending country. The availability of a particular bank can depend on the sending location and the payout arrangements displayed during the transfer process. Do not complete the payment unless the recipient’s bank and the intended payout method are available and the details have been confirmed.
Where the required Bangladesh payout option is available, the general ACE online transfer process is:
Create an account or sign in through the ACE website or app.
Select Bangladesh as the destination country.
Choose the available payout method.
Enter the transfer amount.
Add or select the recipient.
Enter and check the beneficiary details required for the selected payout method.
Select an available payment method.
Review the exchange rate, fees and estimated delivery information. Exchange rates fluctuate and the rate you receive may differ from any rates quoted. Always check the live rate before sending.
Confirm the transaction if all details are correct.
ACE describes these steps in its official online transfer guidance. The exact options shown during a transaction may vary according to the sender’s country and the destination service.
ACE lists debit cards, credit cards and online bank transfers among its payment methods. It also lists certain country-specific options, including Bancontact in Belgium, iDEAL in the Netherlands, Apple Pay and Google Pay. The availability of each method depends on the sender’s location and account eligibility (ACE’s payment-method information).
The payment method used to fund a transfer is separate from the payout method selected for the recipient. For example, paying by card does not by itself establish that a particular recipient bank is supported. The sender should check both the available payment method and the recipient-bank options before confirming the transaction.
ACE is a home-remittance service for personal transfers. Its FAQ states that it does not facilitate commercial transactions and that transactions identified as commercial may be cancelled. It is intended for personal transfers by individuals and should not be used for business payments or commercial settlements (ACE’s terms and service information).
After a transfer has been submitted, the sender should keep the transaction reference or identification number provided by the sending institution. This information can help the provider locate the payment if the recipient has not received it within the estimated time.
If the transfer is arranged through ACE, customers can check the transaction status through the account or the transfer-tracking facility. ACE explains that customers can use their transaction number to view transfer information and that the status is also available through the app’s transaction history (ACE tracking instructions).
If a payment is delayed, the sender should first check the latest status with the provider that accepted the transfer. They may be asked to confirm beneficiary information or provide additional documents. The recipient can also contact EXIM Bank with the relevant transfer reference and ask whether the bank has received the payment or requires further information.
When contacting either institution, provide the transaction reference and the details requested through its official customer-support channel. Avoid sharing account credentials, passwords or one-time verification codes.
An international payment can take longer than expected for several reasons. These may include:
Incorrect beneficiary details: A mismatch in the recipient’s name or account information may require correction or further checks. ACE specifically identifies incorrect bank details as a possible cause of delays for bank deposits (ACE FAQ).
Banking hours and holidays: A payment submitted outside the relevant banking hours, or during a weekend or local public holiday, may not be processed in the same way as a payment submitted during normal operating hours. ACE lists operational hours and local holidays among factors that can affect delivery times (ACE delivery information).
Intermediary processing: Some international payment routes involve more than one financial institution. The sender should ask their provider whether an intermediary bank is involved and whether any additional information is required.
Additional checks: A provider or financial institution may request further information or documentation before processing a payment. ACE notes that additional information may be requested as part of its transaction review process (ACE FAQ).
If a transfer is delayed, avoid submitting a second payment until the status of the original transaction has been confirmed. Contact the sending provider first, as it can investigate the payment using the transaction reference.
A few checks before submitting a transfer to family, friends, or other loved ones can help reduce avoidable errors:
Confirm the recipient’s account details: Ask the beneficiary to provide their account name and number exactly as held by EXIM Bank.
Check the SWIFT/BIC requirement: Use the code requested for the transfer and verify it against EXIM Bank’s official branch BIC list.
Confirm the recipient bank is supported: Do not assume that a provider’s Bangladesh service includes every bank.
Review the exchange rate and charges: Check the amount the recipient is expected to receive, along with any fees shown before payment.
Keep the transaction reference: Retain the receipt or reference number until the recipient confirms that the money has arrived.
Use official support channels: If a payment is delayed or the provider requests further information, contact the sending provider or EXIM Bank through its published contact details.
These checks are particularly important when the transfer is being arranged through a provider that is not named on EXIM Bank’s published remittance partner list. This is not financial or legal advice. Please consult a qualified professional.
EXIM Bank’s published general SWIFT/BIC is EXBKBDDH. The bank also lists branch-specific BICs, including EXBKBDDH001 for Motijheel, EXBKBDDH002 for Panthapath and EXBKBDDH003 for Agrabad. Check the bank’s official SWIFT page and confirm the required code with the sending institution before making a transfer.
A transfer can be credited to an EXIM Bank account when the sending bank or remittance provider supports that recipient bank and the payment route is available. EXIM Bank publishes its remittance arrangements and partner list on its website. The sender should confirm the available bank-deposit option with the provider before submitting the transaction.
EXIM Bank’s published list includes Western Union, Ria Money Transfer, MoneyGram, Xpress Money, Aftab Currency Exchange Limited, International Money Express, Cash Express, Zenj Exchange, BRAC Saajan (UK), Prabhu Money Transfer and EXIM Exchange Company (UK) Limited.
ACE is not named in the remittance partner list published by EXIM Bank. ACE provides personal money transfer services to Bangladesh, but customers should check whether EXIM Bank is available as a recipient bank in the live payout options for their sending country. Do not assume a direct partnership or guaranteed bank-deposit route.
ACE states that most debit- and credit-card-funded transactions are completed within minutes, while online bank transfers generally take one to two banking days. These are general estimates, not a delivery guarantee for EXIM Bank accounts. The estimated time shown for the specific transfer should be checked before payment.
The sender may be asked for the recipient’s full name, account number, bank name, branch details and SWIFT/BIC code. Requirements vary by provider and payment route. The beneficiary should confirm the exact details with EXIM Bank and the sender should follow the instructions shown by the remittance provider.
The sender should use the transaction reference provided by the bank or remittance company that arranged the payment. For ACE transfers, customers can check the transaction status through their account or the transfer-tracking facility. If the payment is delayed, contact the sending provider first and provide the transaction reference.
Sending money to an EXIM Bank account in Bangladesh involves choosing a provider that supports the required transfer route, entering accurate beneficiary information and checking the relevant SWIFT/BIC details.
ACE offers online personal transfers to Bangladesh, but it is not named in EXIM Bank’s published remittance partner list. Anyone considering ACE for a payment to an EXIM Bank account should first confirm that the bank is available in the live recipient options for their sending country.
Checking the payout method, exchange rate, charges and estimated delivery time before payment can help avoid confusion and unnecessary delays.
Disclaimer: This article is intended for general informational and educational purposes only and should not be construed as legal, regulatory, tax, business, or financial advice. While reasonable efforts have been made to ensure that all facts, figures, and data are accurate and valid as of the date of publication, no warranty or guarantee is given as to the ongoing completeness, accuracy, or currency of the information.
The content is based on information available at the time of publication. Regulations, government policies, market conditions, and service offerings may change over time and vary across jurisdictions and providers. As a result, some information may no longer be current or applicable. Readers should independently verify all information and consult qualified professional advisors before making any financial, legal, or business decisions.
