14 Jun 2023
As a lifeline for millions of people worldwide, remittances play a significant role in supporting households and aiding the economic growth of developing countries like Bangladesh. With over $22.1 billion in remittances in 2021, Bangladesh was the world's 7th largest remittance recipient country and the 3rd largest in South Asia. Overseas Bangladeshis contribute significantly to the national income when they send money to Bangladesh from abroad to support the financial needs of their families back home. If you are one of these expatriates, here’s something special for you to add to the economic aid you send to your family in the form of remittances.
Until the 30th of June, 2023, you can make your loved ones in Bangladesh get a free cash bonus of 1000 BDT every hour and benefit from a 2.5% government incentive. The free cash bonus will be given to those receiving the highest amount in remittances in a particular hour, where a minimum of BDT 15,000 or more must be received in Bangladesh via ACE Money Transfer and bKash.
There will be 24 winners announced daily based on the total hours in a day. Each winner will be chosen on the basis of receiving the highest amount of remittance in a particular hour.
This guide will take you through the steps and everything you need to know to win these enticing bonuses.
Where the Bangladeshi government implements several strategies to boost remittance inflows to the country, trusted remittance providers like bKash and ACE Money Transfer continue to bring exceptional offers. The current offer of a free cash bonus alongside the government’s incentive of 2.5% on every remittance transfer is a testament to these institutions' commitment to stimulating foreign remittance inflows to Bangladesh.
Let’s briefly look at the services these two institutions offer, through which you can send money home and let your beneficiaries win rewards.
ACE Money Transfer is a UK-based financial services company offering affordable, secure, and faster remittance solutions in more than 100 countries worldwide. The firm has built a reputation for secure transactions, user-friendly interfaces, and excellent customer service. Customers can use ACE’s interactive and convenient mobile app or website to transfer funds across borders instantly. All Bangladeshi expatriates across the UK, Europe, Australia, Canada, and Switzerland can benefit from ACE’s services 24/7, regardless of weekends, bank holidays, and other vacations.
bKash, a mobile financial service in Bangladesh, allows users to deposit money into their mobile accounts and then use it for various services, such as remittances, purchases, and bill payments. It's convenient, fast, and, most importantly, secure.
Do you already know about the Bangladeshi government’s incentive for remittances? If not, here’s an overview for you to learn about this fascinating bonus, which you can grab with every money transfer to Bangladesh from overseas.
To encourage more remittances through legal channels, the Bangladeshi government offers a 2.5% incentive on remittances. This initiative aims to increase foreign exchange reserves and strengthen the local economy.
Under this policy, for every remittance sent to Bangladesh, the government adds an additional 2.5% of the transferred amount. For instance, if you send 10,000 BDT to Bangladesh, the recipient will receive an extra 250 BDT, which represents the 2.5% incentive.
This incentive was implemented to boost the foreign exchange reserves of the country, promote the use of formal remittance channels, and indirectly stimulate the local economy. Not only does this policy benefit the recipients, but it also aids in the country's economic development.
Winning a free cash bonus of BDT 1000 is simple and convenient for your beneficiaries of remittances in Bangladesh. Following are the steps that you must know to participate and win cash rewards via ACE Money Transfer and bKash.
Existing customers don’t need to register particularly for the promotion. They simply have to transfer funds to Bangladesh via ACE Money Transfer and bKash to win the cash bonus.
If you are a new customer of these services, you need to have active accounts on both ACE Money Transfer and bKash. The registration process is straightforward and intuitive on both platforms, requiring basic information and verification.
After setting up your accounts, you can initiate a transfer. On ACE Money Transfer, simply choose Bangladesh as your destination country, enter the amount to send, and select bKash as your delivery method. Input your recipient's bKash account number, and review your transfer. Upon confirmation, the transfer process starts.
When your remittance reaches the recipient's bKash account in Bangladesh via ACE Money Transfer, your entry to the promotion will automatically be made. The minimum amount of remittance is set to be BDT 15000 for participation in this offer. Recipients receiving the maximum amount of remittances will have a stronger potential to win the 1000 BDT bonus after every hour. The 2.5% government incentive will be added automatically to the amount received in every remittance transfer.
It’s recommended that you may send money to Bangladesh online via ACE Money Transfer to your bKash account. ACE’s services offer the fastest, most secure, and most convenient transfers with multiple payment options. To ensure flawless participation with increased chances of winning, you must be aware of the specific terms and conditions of this promotion, which are highlighted here for you.
Are you uncertain why you should choose ACE Money Transfer and bKash? Here’s the answer for you.
Using ACE Money Transfer and bKash for your remittances comes with several benefits. Apart from the 1000 BDT cash bonus and 2.5% government incentive, the process is fast, secure, and can be done from the comfort of your home.
ACE Money Transfer, which is available across 100+ countries worldwide, has an expansive network of more than 375,000 payout partner locations globally, making it the best choice for customers. Besides, the firm offers competitive exchange rates, low transfer costs, swift and secure transactions, and opportunities to win enticing rewards.
Launched in 2011, bKash operates under the authority of the Bangladesh Bank as a subsidiary of BRAC Bank Limited. It's one of the leading mobile financial service providers in Bangladesh, with a wide network of agents throughout the country.
With bKash, users can deposit money into their mobile accounts and use it for various services. These services include making payments for goods and services, transferring money to other users, receiving remittances from overseas, purchasing airtime for their mobile phones, and even paying bills.
One of the primary goals of bKash is to make banking and financial services available to the millions of people in Bangladesh who don't have access to traditional banks. Their user-friendly platform makes it easy for anyone with a mobile phone to conduct financial transactions securely and quickly. Moreover, with bKash's extensive network, your recipients can easily access their funds almost anywhere in Bangladesh.
Winning a free cash bonus of 1000 BDT with a 2.5% government incentive on your remittances to Bangladesh via ACE Money Transfer and bKash is not just a rewarding experience but also contributes towards a greater cause - supporting the economy of Bangladesh. By using these platforms, you get to enjoy seamless, quick, and secure transactions while also benefiting from the added incentives. So don’t wait as the time is running out; make an instant online money transfer to Bangladesh following the aforesaid information and win the free cash bonus.
Is it safe to send money through ACE Money Transfer and bKash?
Yes, both ACE Money Transfer and bKash are secure platforms that prioritise user security.
How long does it take for the money to reach the recipient's bKash account?
Typically, the transfer is almost instantaneous, but it can take up to 24 hours, depending on various factors. Contacting customer support of bKash to know about the exact transfer time when sending money is recommended.
Can the government incentive and bonus be withdrawn immediately?
Yes, the 2.5% government incentive can be withdrawn immediately once the remittance transfer is completed. The free bonus of BDT 1000 will pop up in your account once you’ve been declared a winner after receiving the highest amount in a particular hour.
What if I encounter a problem during the transaction?
Both ACE Money Transfer and bKash have customer services that can assist you with any issues you might encounter
Can I send money from any country via ACE Money Transfer?
Yes, ACE Money Transfer serves over 100 countries, making it a viable option for remittances globally. You can send money to Bangladesh from the UK, Europe, Canada, Australia, and Switzerland via ACE’s remittance solutions.