15 May 2025
Remittances from the UK play a crucial role in supporting families and communities back in Bangladesh. With thousands of Bangladeshi migrants, students, and workers living in the UK, sending money home is a regular financial responsibility. Having a UK bank account is essential for making this process smooth, secure, and hassle-free. It allows for direct money transfer to Bangladesh from the UK, proper record-keeping, and easier access to remittance services. Among the many service providers, ACE Money Transfer has emerged as a trusted name, offering fast, affordable, and secure ways to send money to Bangladesh.
Opening a bank account in the UK is the first step toward managing finances effectively. There are various types of accounts suited for different needs, especially for Bangladeshi residents who may be new to the UK.
A Basic Bank Account is ideal for individuals who may not have a strong credit history or sufficient proof of address, common among newcomers. These accounts usually don’t offer overdraft facilities but allow you to receive wages and make payments. Major banks like Barclays and Lloyds offer such accounts, which are easier to open and come with minimal requirements.
A Current Account is the most commonly used bank account for everyday banking and sending remittances. It allows full banking functions such as receiving payments, setting up direct debits, using debit cards, and accessing online banking.
For Bangladeshi residents who have settled in the UK with a valid address and ID, opening a current account with high-street banks like HSBC, NatWest, or Santander can be a practical option.
Digital-only banks such as Monzo, Starling, and Revolut have gained popularity for their user-friendly mobile apps and flexibility. These challenger banks are particularly helpful for Bangladeshi expats looking for convenient international transfers, lower fees, and quick setup.
Since they often don’t require as many documents as traditional banks, digital banks are a viable option for students and newcomers.
Understanding the process of opening a bank account can make it much easier, especially if you're new to the UK system. Here’s a step-by-step guide tailored for Bangladeshi residents.
Start by comparing both traditional high-street banks and digital-only banks. Banks like HSBC and Barclays offer comprehensive services and strong reputations, while Monzo and Revolut are known for fast onboarding and lower international fees. Think about your banking habits, remittance needs, and document availability when choosing.
To open a UK bank account, you’ll typically need:
Digital banks may have different requirements and sometimes accept alternative proofs like a letter from your university (for students) or a job contract.
Most banks now allow you to apply online or in person. High-street banks may require a visit to the branch for ID verification, while online banks offer a fully digital process through their apps.
During the verification process, you'll be asked to upload photos of your ID and proof of address and may even go through a quick video interview.
Once approved, your debit card will be sent to your UK address. You’ll also get access to online or mobile banking platforms where you can check balances, manage transfers, and more.
Make sure to set up security features like two-factor authentication and a strong password for safe access.
Now that you have a UK bank account, you’ll need a trusted partner for remittance. ACE Money Transfer offers:
With ACE, your money reaches home quickly, securely, and at a lower cost. ACE Money Transfer is rated 4.8 out of 5 on Trustpilot with over 129,000 reviews — a testament to their commitment to excellent service.
Getting started with ACE is simple:
The platform is user-friendly and guides you step by step, making it easy even for first-time users.
Security is a top concern when sending money internationally. ACE Money Transfer is regulated by the UK’s Financial Conduct Authority (FCA) and complies with strict anti-money laundering laws. All transactions are encrypted end-to-end, and the system is designed to detect and prevent fraud. You can trust ACE to keep your personal and financial data secure.
Sending money for the first time? Here are a few important things to keep in mind:
Double-check the full name, bank account or wallet number, and contact details of your recipient. Mistakes can delay the transaction or cause it to fail.
Use the ACE rate calculator to know the exact exchange rate and total fees before you send money. This helps avoid surprises and ensures full transparency.
Setting up scheduled remittances means your family receives money on time every month. This is especially helpful for budgeting and covering regular expenses like rent, tuition, or groceries in Bangladesh.
Opening a UK bank account is one of the most important steps for Bangladeshi residents who want to manage their money efficiently and send money online to Bangladesh from UK
with ease. Whether you choose a high-street or digital bank, having access to banking services makes international transfers far more convenient and secure. With ACE Money Transfer by your side, you get a reliable and cost-effective way to support your loved ones back in Bangladesh. Take control of your finances today and empower your family with timely support through ACE.
Yes, some banks offer basic accounts or accept alternative documents like a letter from your school or employer.
It typically takes 1–2 weeks, depending on the bank and verification process, though digital banks may approve accounts within a few hours.
Absolutely. ACE is FCA-regulated and uses top-tier encryption and fraud prevention tools.
ACE offers low fees and, in some cases, zero-cost transfers, especially on app-based transactions or limited-time promotions.
Yes, ACE supports mobile wallet transfers to services like bKash, offering instant delivery and convenience for recipients in Bangladesh.
