22 May 2023
As a Bangladeshi expat living abroad, one of the most critical tasks is to be able to send money back home to your loved ones. However, navigating the international banking system can be confusing and overwhelming. In this article, we will provide you with a comprehensive guide on how to send money to Bangladesh, including the different methods available and the steps to take.
The three most commonly used money transfer methods are explained below. Read on to learn about these methods and decide the best for you that suits your needs.
Online money transfer to Bangladesh is becoming increasingly popular among Bangladeshi expats. It is a fast, secure, and convenient way to send money back home. To send money online, you need to follow the following steps:
Choose a reliable online money transfer service provider. And when it comes to choosing a reliable online money transfer service provider, ACE Money Transfer is a popular option for Bangladeshi expats. With competitive exchange rates, low fees, and a user-friendly platform, ACE Money Transfer offers a fast and secure way to send money to Bangladesh online.
You will need to register by providing your details and creating an account. This usually involves providing your name, address, email address, and phone number, as well as creating a username and password. Some service providers may also require you to provide additional documentation, such as a copy of your ID or passport, to verify your identity.
After registering and logging into your account with ACE Money Transfer or any other online money transfer service provider, you will need to choose the recipient and the amount you want to send. This usually involves providing the recipient's details and their bank account details, if applicable. You will also need to specify the amount you want to send, as well as the currency in which you want to send it.
Online money transfer service providers like ACE Money Transfer offer a range of payment methods, including credit/debit cards, bank transfers, and mobile wallets, to make it easier for customers to send money in a way that suits them best.
Confirm the transaction and send the money. The recipient will receive the money within minutes or hours, depending on the service provider and the payment method.
Another way to send money to Bangladesh is through a bank transfer. This method is suitable for those who prefer a more traditional approach to money transfers. To send money through a bank transfer, you need to follow the following steps:
When it comes to international money transfers to Bangladesh, many banks offer this service to their customers. It is essential to choose a bank that has experience in handling international money transfers and offers competitive rates and fees.
To send money to Bangladesh through a bank, you will need to create an account with the bank and link it to your local bank account. This involves providing the bank with your personal information. Once your account is set up, you will need to link it to your local bank account by providing the bank with your bank account details.
Provide the recipient's bank account details, including the bank name, branch, account number, and SWIFT/BIC code. You can do this by using the bank’s online portal or visiting the bank branch close to your overseas residence or workplace.
Confirm the transaction and send the money. The recipient will receive the money within 2-5 business days, depending on the bank and the payment method.
If you want to send money to Bangladesh to someone who does not have a bank account, you can use a cash pickup service. This method allows the recipient to collect the money in cash from a designated location. To send money through a cash pickup service, you need to follow the following steps:
Choose a reliable cash pickup service provider. ACE Money Transfer is a popular provider that enables your recipients to receive funds as cash pickup in Bangladesh.
You will need to register by providing your details and creating an account. Once you have completed the registration process, you will be able to make a money transfer to Bangladesh or any other country supported by the service provider.
After registering and logging into your account with an online money transfer service provider, you will need to choose the recipient and the amount you want to send. This typically involves providing the recipient's details as well as their bank account details, if applicable. You will also need to specify the amount you want to send and the currency in which you want to send it.
Once you have chosen the recipient and the amount you want to send, you will need to select the payment method to complete the transaction. Online money transfer service providers typically offer a range of payment options, including credit/debit cards and bank transfers.
Provide the recipient's name and phone number. The recipient will receive a unique reference number that they can use to collect the money in cash from a designated location.
Confirm the transaction and send the money. The recipient can collect the money within minutes or hours, depending on the service provider and the payment method.
In conclusion, sending money to Bangladesh as an expat can be straightforward if you know how to navigate the international banking systems. Online money transfer service providers like ACE Money Transfer offer a convenient and affordable way to send money to Bangladesh, with real-time exchange rates and competitive fees.
Alternatively, you can also use a bank transfer through a reliable bank that offers international money transfer services. With ACE Money Transfer, you can send money to Bangladesh online quickly and securely, with 24/7 customer support available to assist you with any questions or concerns.
