ACE Money Transfer
ACE Money Transfer
12 Nov 2026
Sending money to Bangladesh is an important way for people living abroad to support their families, manage personal finances and contribute to household expenses. Several Bangladeshi banks provide inward remittance services, allowing recipients to receive money from overseas through bank deposits, cash collection and other supported payment channels.
Southeast Bank, Rupali Bank, Sonali Bank, Pubali Bank and Al-Arafah Islami Bank are among the institutions with published foreign remittance services or international exchange-house arrangements. However, the available services and international transfer partners differ from one bank to another.
If you are planning to send money to Bangladesh, understanding these differences can help you choose an appropriate receiving method. This guide explains the remittance services offered by these five banks, how ACE Money Transfer can facilitate transfers to Bangladesh, what information recipients need and which factors can affect delivery times and exchange rates.
Recipients in Bangladesh can receive international remittances through supported bank deposits, cash collection services and eligible mobile financial service accounts.
The five banks have different arrangements:
Southeast Bank PLC: Provides inward remittance services through bank deposits, cash collection and supported mobile wallets.
Rupali Bank PLC: Offers cash collection, bank deposits and mobile wallet remittances. Its published exchange-house directory specifically lists ACE Money Transfer for the UK and EU.
Sonali Bank PLC: Maintains international exchange-house and correspondent banking arrangements for inward remittances.
Pubali Bank PLC: Processes foreign remittances through exchange companies and offers cash payments and interbank transfers through BEFTN.
Al-Arafah Islami Bank PLC: Provides remittance services and lists ACE Money Transfer among its European exchange-house partners.
The availability of a particular bank or payout method depends on the sending country, transfer provider and current payment arrangements. Always check the available options before confirming a transaction.
An international money transfer allows someone living or working abroad to send funds to a recipient in another country. In Bangladesh, overseas remittances are distributed through authorised financial institutions, banks, exchange houses and supported mobile financial services.
The process generally involves three parties:
The sender: The person initiating the transfer from another country.
The transfer provider: The company processing the international payment.
The recipient or beneficiary: The individual receiving the money in Bangladesh.
Depending on the provider's arrangements, recipients may receive funds through the following methods.
A bank deposit transfers the money directly into the recipient's eligible bank account. The sender provides the beneficiary's account details and selects the available bank through the transfer provider.
Once the payment has been processed, the receiving bank credits the beneficiary's account according to its applicable procedures.
Cash collection allows recipients to collect their money from a participating bank branch or authorised payout location.
The recipient generally needs a transaction reference or PIN and an acceptable identity document. Collection requirements may differ between providers and payout partners.
Some international transfer providers support payments to mobile financial service accounts in Bangladesh, including eligible bKash, Nagad and Rocket wallets.
This option can be useful for recipients who prefer accessing funds through their mobile phones rather than visiting a bank branch.
Not every bank or transfer provider supports all three methods. Check the available payout options for your chosen sending country before initiating a transfer.
The following five banks publish information about their inward remittance facilities or international exchange-house arrangements.
| Bank | Published remittance facilities | ACE Money Transfer information |
|---|---|---|
| Southeast Bank PLC | Bank deposits, cash collection, EFTN and supported mobile wallets | Included in ACE's published ONE-PIN cash collection arrangements |
| Rupali Bank PLC | Cash collection, bank deposits and mobile wallet transfers | Listed for Web Cash/EFT in the UK and EU |
| Sonali Bank PLC | International exchange-house and correspondent arrangements | Its published directory lists Aftab Currency Exchange Limited (ACE) for the UK |
| Pubali Bank PLC | Cash payments through branches and interbank transfers through BEFTN | No specific ACE partnership confirmed on the cited remittance page |
| Al-Arafah Islami Bank PLC | Foreign remittance and international banking services | Lists ACE Money Transfer under Europe |
Important: The information above distinguishes bank-published facilities from provider-specific payout arrangements. A bank's general inward remittance service does not automatically establish that every international transfer provider can send money to it. Confirm the available destination bank and payout method on the provider's platform before transferring money.
Southeast Bank PLC provides inward remittance services for Bangladeshis living abroad and their families.
According to its official remittance services page, the bank supports several ways of receiving overseas funds, including:
Cash collection through its branches.
Cash collection through participating sub-agent banks.
Direct account deposits.
Transfers through supported mobile wallets.
Electronic fund transfers through EFTN.
The bank also publishes information about its cash collection network and participating sub-agent institutions.
Southeast Bank is included among the participating banks in ACE Money Transfer's published ONE-PIN cash collection arrangements. This allows eligible recipients to collect funds through participating payout locations using the applicable transaction reference.
You can review the bank's official remittance services for further information.
Rupali Bank PLC provides several inward remittance services for overseas Bangladeshis and their beneficiaries.
Its published remittance information identifies the following facilities:
Cash collection through bank branches.
Direct deposits into Rupali Bank accounts.
Deposits into accounts held with other banks.
Transfers to supported mobile wallets, including Rupali Cash, bKash and Nagad.
An important detail for international senders is that Rupali Bank's published exchange-house directory specifically lists ACE Money Transfer under the UK category, with Web Cash/EFT services covering the UK and EU.
This provides a documented reference for the relationship, although the actual transfer method and availability should still be checked for the sending country.
Visit Rupali Bank's official remittance page to review its exchange-house listings and receiving facilities.
Sonali Bank PLC is another institution with an established international remittance network. SonaliPay was formed on April 28, 2022, with a view to serving the UK-based Bangladeshi diaspora.
The bank maintains a Foreign Remittance Management Division and publishes a directory of exchange houses and correspondent institutions operating across different countries.
Its published directory includes several international money transfer and exchange companies. The July 2026 directory also lists Aftab Currency Exchange Limited (ACE) under the UK category.
This is a relevant listing for customers researching international transfer arrangements. However, the bank's directory entry should not be treated as confirmation that every ACE transfer route or payout option is currently available.
Recipients should confirm the supported bank deposit or collection arrangements before a transaction is initiated.
For additional details, visit Sonali Bank's official exchange-house directory.
Pubali Bank PLC provides inward remittance services through international exchange companies and remittance partners.
According to its official remittance page, the bank works with exchange companies and web-based transfer systems to process foreign remittances, with its extensive nationwide branch network in Bangladesh supporting remittance access.
Its published receiving facilities include:
Cash payments through bank branches.
Foreign remittance processing through exchange companies.
Interbank payments through the Bangladesh Electronic Funds Transfer Network (BEFTN).
BEFTN allows electronic payments to move between participating banks in Bangladesh. This can help recipients access funds through an eligible bank account even when the receiving arrangement involves another participating institution. Digital banking services may support electronic account deposits. however, delivery times for transfer to Pubali Bank vary by provider, transfer route and banking hours and are not guaranteed.
Pubali Bank also publishes its SWIFT/BIC information as PUBABDDH201. However, senders should only provide a SWIFT code when their transfer provider specifically requests it. The information required for a remittance depends on the payment route.
You can find more details on Pubali Bank's official remittance page.
Al-Arafah Islami Bank PLC provides foreign exchange and inward remittance services through its international banking arrangements.
Its official foreign trade page identifies remittance services among its foreign exchange facilities and publishes a list of international exchange-house partners.
ACE Money Transfer appears on this list under Europe.
This listing provides a reference for customers interested in sending money through ACE from eligible European sending locations. However, the specific country, payout option and receiving arrangement should be checked before initiating a transaction.
Al-Arafah Islami Bank is also included in ACE's published ONE-PIN cash collection arrangements.
For more information, visit Al-Arafah Islami Bank's official foreign trade page.
ACE Money Transfer provides international remittance services that allow customers in supported countries to send money to Bangladesh through available payout methods. ACE Money Transfer Limited is authorised by the UK Financial Conduct Authority (FCA) as an Authorised Payment Institution (FRN: 506692). Verify its status on the FCA Register. You can use the ACE Money Transfer website or its mobile app to check available transfer options.
The process generally involves the following steps.
Create an ACE Money Transfer account if you are a new customer. Existing customers can log in using their registered details.
Complete the required profile information and identity verification. Additional documents may be requested depending on the transaction and applicable requirements.
Choose Bangladesh as your destination country and enter the amount you wish to send.
The available sending currencies and payment methods depend on your country of residence.
Review the available payout options for Bangladesh.
These may include:
Bank deposit.
Cash collection.
Supported mobile wallets, such as bKash, Nagad and Rocket.
The options displayed may vary according to your sending location and the available payout arrangements.
Add the beneficiary information requested for the selected receiving method.
For a bank deposit, this generally includes the recipient's name, account details, and transfer currency. Cash collection may require the recipient's name and other identification information.
Make sure the information is accurate and matches the beneficiary's official records.
Before completing the transaction, review the following:
Amount being sent.
Applicable exchange rate.
Transfer fee.
Final amount the recipient is expected to receive.
Selected payout method.
Estimated delivery time.
Once you have checked the transaction details, follow the payment instructions to complete your transfer.
ACE Money Transfer is authorised and regulated by the Financial Conduct Authority in the UK under Reference No. 506692, as stated in its terms and conditions. FCA authorisation is a regulatory status, not an endorsement of a particular transfer or exchange rate.
The information required depends on whether the recipient is receiving funds through a bank deposit, cash collection or mobile wallet.
The sender may need to provide:
Recipient's full name as registered with the bank.
Bank account number.
Receiving bank's name.
Branch information, if requested.
Recipient's mobile number, where required.
Some international banking routes may also require a SWIFT/BIC code or additional beneficiary information.
For example, Pubali Bank publishes its SWIFT/BIC code as PUBABDDH. However, do not assume that a SWIFT code is necessary for every transfer.
The recipient may need:
Transaction reference number or PIN.
Valid national identity document.
Full name matching the transaction details.
The recipient should follow the instructions provided by ACE and the relevant payout partner.
For supported mobile wallet payments, the sender generally needs the recipient's registered mobile number and the selected wallet information.
Always check that the mobile number and wallet details are correct before confirming the transaction.
Exchange rates determine how much Bangladeshi taka (BDT) a recipient receives for an international money transfer.
For example, when someone sends money from the UK, the GBP-to-BDT exchange rate determines how the sending amount is converted into the receiving currency.
However, the final amount is not determined by the exchange rate alone. Transfer fees and any applicable charges can also affect the total transaction cost.
Before sending money, consider the following:
Exchange rate: Check the rate offered for your specific transaction.
Transfer fee: Review the fee applicable to your sending country and payment method.
Recipient amount: Confirm how much BDT the beneficiary is expected to receive.
Rate validity: Check whether the quoted rate is valid at the time of confirmation.
Additional charges: Check whether any other charges may apply through the payment or receiving institutions.
ACE Money Transfer displays applicable transaction information before customers confirm their transfers.
Exchange rate disclaimer: Exchange rates fluctuate, and the rate you receive may differ from any rates quoted. Transfer fees and other charges may also vary depending on the sending country, payment method and payout option. Always check the live rate and applicable fees at acemoneytransfer.com before sending.
International transfers may take different amounts of time depending on the sending method, receiving bank and transaction verification requirements.
Some common reasons for delays include:
Incorrect account numbers, recipient names or mobile wallet details may prevent a payment from being processed successfully.
Always double-check the information before confirming the transfer.
Banks and financial institutions may have different working hours and holiday schedules.
A transfer initiated outside normal banking hours, during weekends or on public holidays may take longer to process.
Transfer providers may request additional identification documents or transaction information to meet applicable regulatory and compliance requirements.
Processing may take longer while the requested information is reviewed.
Different payment methods have different processing arrangements. Card payments, online bank transfers and other funding methods may not follow the same delivery timelines.
After an international transfer reaches the payout network, the receiving bank may need additional time to process and credit the payment.
If your transfer is delayed, check its transaction status through ACE Money Transfer and contact customer support with your transaction reference if further assistance is needed.
Choosing an appropriate remittance method depends on the recipient's circumstances and how they prefer to access their money.
Consider the following factors before initiating a transfer:
Recipient's preference: Ask whether the beneficiary prefers a bank deposit, cash collection or mobile wallet.
Bank availability: Confirm that the intended receiving bank is available for your sending country.
Transfer fees: Review the applicable charges before confirming the transaction.
Exchange rate: Compare the quoted rates and final recipient amounts.
Delivery time: Check the estimated processing time for your chosen method.
Accessibility: Consider whether the recipient can conveniently access the selected bank branch or mobile wallet.
ACE Money Transfer allows customers to check available payout methods, exchange rates and transaction fees before completing a transfer.
Whether you are supporting family expenses, contributing to household costs or sending money for personal reasons, checking these details can help you make an informed decision.
Visit ACE Money Transfer to explore the available ways to send money to Bangladesh from supported countries.
Rupali Bank's published exchange-house directory lists ACE Money Transfer for Web Cash/EFT services covering the UK and EU. However, the availability of a particular transfer method depends on the sending country and current payout arrangements.
Southeast Bank is included in ACE Money Transfer's published ONE-PIN cash collection arrangements. Eligible recipients can check the applicable collection instructions and participating locations before visiting a payout point.
Al-Arafah Islami Bank lists ACE Money Transfer among its European exchange-house partners. The bank is also included in ACE's published ONE-PIN cash collection arrangements. Check the ACE platform for the currently available payout methods for your sending country.
Sonali Bank's published exchange-house directory lists Aftab Currency Exchange Limited (ACE) under the UK category. However, customers should check the current ACE platform for the exact receiving bank and available transfer options before initiating a transaction.
Pubali Bank provides inward remittance services through international exchange companies and supports cash payments through its branches. Pubali Bangla. Bank operates 519 branches across Bangladesh, according to its 2025 Annual Report. Branch numbers may change over time. It also facilitates eligible interbank transfers through BEFTN. Check with the bank or your transfer provider to confirm the available remittance route.
Recipients generally need to provide their full name, bank account number and receiving bank information. Depending on the transfer method, additional details such as branch information, a SWIFT/BIC code or identification documents may be required.
Visit the ACE Money Transfer website or mobile app, select Bangladesh as your destination and review the available payout options. The displayed banks and receiving methods will depend on your sending country and current service availability.
First, check the transaction status and confirm that the beneficiary information is correct. If the payment remains delayed, contact ACE Money Transfer customer support with your transaction reference to request further assistance.
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.
