19 May 2025
Thousands of Bangladeshis living in the UK regularly send money home to support their loved ones. Whether they are working professionals, students, or long-term residents, financial support for families in Bangladesh remains a core priority. However, with rising living costs in the UK and fluctuating exchange rates, budgeting wisely and choosing efficient money transfer options have become essential. A good strategy ensures consistent family support back home and helps maintain financial stability in the UK. ACE Money Transfer offers a reliable and affordable platform that simplifies this process, helping you send money to Bangladesh from UK with ease and confidence.
Before sending money, you must build a realistic budget. This ensures you’re not overextending yourself and that your family receives consistent support.
The first step is defining your monthly savings and remittance targets. Are you supporting everyday household expenses or saving for your child's education? Your long-term goals include contributing to a medical procedure or helping build a family home. Identify both short-term and long-term needs so you can allocate funds accordingly. This clarity will help you prioritise your spending and plan remittances sustainably.
Once you know your goals, decide what portion of your monthly income you can dedicate to remittances. A practical approach is to set aside a fixed percentage of your earnings, say, 10% or 15%. This amount can be adjusted based on your family’s immediate requirements or market factors like the GBP to BDT exchange rate. Sticking to a remittance budget helps you maintain consistency without affecting your finances in the UK.
Unexpected events — job loss, health issues, or family emergencies — can strain your budget. That’s why it’s crucial to put aside a small portion of your monthly income into an emergency fund. This fund should cover emergencies both in the UK and Bangladesh. Over time, even small monthly savings can offer financial security and reduce stress during challenging times.
Managing your expenses in the UK can free up more funds to support your family in Bangladesh.
Reevaluate where your money goes each month. Are you dining out frequently or subscribing to multiple streaming services? Cutting down on such luxuries can significantly boost your savings. Opt for public transport over taxis, and look for discounts at grocery stores or wholesale markets. Small changes in daily habits can have a big impact on your monthly savings.
If your primary income doesn’t stretch far enough, consider side gigs. Part-time jobs on weekends, freelancing, or even monetising a hobby like tutoring or graphic design can boost your income. The extra money you earn can either strengthen your emergency fund or increase the amount you send home.
The UK provides certain benefits and support schemes for immigrants, depending on their immigration status. Individuals with statuses such as British or Irish citizenship, settled status under the EU Settlement Scheme, indefinite leave to remain, refugee status, or humanitarian protection are typically eligible to access public funds.
These public funds encompass various benefits, including Universal Credit, Housing Benefit, Child Benefit, and Council Tax Reduction. It's important to note that eligibility for these benefits is contingent upon one's specific immigration status and circumstances.
Your choice of remittance service can directly impact how much your family receives.
Not all remittance services are created equal. Many banks charge high fees and offer lower exchange rates, which reduces the final amount your family gets. Online money transfer platforms, on the other hand, usually offer better exchange rates, faster services, and lower fees. Security and reliability are also key when choosing a provider, especially for online transfers.
ACE Money Transfer is a trusted name for Bangladeshis sending money from the UK. It offers competitive exchange rates, minimal transfer fees, and a fast turnaround time. Whether you prefer bank deposits, mobile wallet transfers, or cash pickups, ACE covers all options in Bangladesh.
Its easy-to-use mobile app and website make the process convenient, even for first-time users. Plus, ACE operates with top-tier security and is regulated by UK financial authorities, ensuring your money is always safe. ACE Money Transfer is also rated 4.8 out of 5 on Trustpilot with over 129,000 reviews — a testament to their commitment to excellent service.
You'll receive tracking updates and notifications at every stage. This transparency ensures peace of mind for both you and your family.
A bit of strategy can help you get more out of your remittance.
The GBP to BDT rate fluctuates daily. Use ACE’s currency tracker or set up alerts to monitor trends. Sending money when the British Pound is stronger against the Bangladeshi Taka ensures your family receives more in local currency. Staying informed can make a big difference over time.
ACE Money Transfer often runs seasonal promotions, reduced fee campaigns, and referral bonuses. These offers can help you save on each transfer or get added value. Keep an eye on ACE’s website or subscribe to notifications so you never miss a deal.
Open communication helps avoid misunderstandings and strengthens trust.
Let your family know about your financial limitations and how much you can afford to send. Discuss their most urgent needs so you can prioritise them. This helps in building a mutual understanding and keeps expectations realistic.
Guide your family on how to budget the money they receive. Encourage them to save a portion or invest in income-generating activities such as small businesses or education. Empowering your loved ones financially can reduce dependency over time and create long-term stability.
Budgeting wisely and choosing the right money transfer method is crucial for Bangladeshi expats in the UK who wish to support their families sustainably. By setting financial goals, saving smartly, and leveraging reliable services like ACE Money Transfer, you can simplify your remittance journey. ACE offers a secure, affordable, and user-friendly way to send money online to Bangladeshfrom UK, ensuring your loved ones get the support they need when they need it. Take charge of your finances today and provide consistent care to your family back home.
Online remittance services like ACE Money Transfer offer better exchange rates and lower fees compared to traditional banks.
It depends on your budget and your family’s needs. A monthly schedule with proper planning is usually manageable.
Yes, ACE Money Transfer supports direct transfers to mobile wallets for added convenience and quicker access.
Absolutely. ACE uses advanced encryption and is regulated by UK financial authorities, making it a secure platform.
Every transaction can be tracked in real time via the ACE mobile app or website, with notifications to keep you updated.
