01 Dec 2023
One of the Western countries that attracts migrants from Bangladesh is Italy. Bangladeshi migrants travel to Italy to earn a living so that they can send money to Bangladesh online from Italy to offer financial support back home.
You can enjoy as many fee-free money transfers from Italy to Bangladesh as possible until the end of 2023, should you choose ACE Money Transfer for this purpose.
And what better incentive to ask for as a migrant in Italy than having a chance to continue to send money back home without having to pay a single penny as fees?
But have you ever thought about fee-free digital money transfers other than the immediate benefit they offer? Well, you might not have thought about these benefits.
This blog will throw light on the five big impacts of fee-free digital money transfers from Italy to Bangladesh.
But before getting to know these benefits, let’s look at the advantages you get while working in Italy.
A report by BPB stated that Italy is home to the second-largest Bangladeshi community in Europe after the UK. The same report continued to say that currently, around 146,000 Bangladeshis are living in Italy, forming the seventh-largest community from a third-world country.
These Bangladeshi migrants work in Italy and send financial aid to their families back home in every money transfer from Italy to Bangladesh, which is fee-free until the end of the current year.
Your chances of reaping the immense benefits of fee-free money transfers from Italy to Bangladesh are many as well as open. To avail of these, you only have to choose ACE Money Transfer for your money transfers.
Let’s now look at the benefits of working in Italy.
While working in Italy, it is mandatory for you as an employee and your employer to contribute to social security with rates of around 10% and 30%, respectively. If your employer does not follow this law, they can be fined or jailed.
If you work more than the required 48 hours per week, your employer will have to pay you wages at a rate that is from 15% to 50% higher than your normal hourly rate. But you are not allowed to work overtime more than 250 working hours annually.
You are entitled to paid leave in Italy. You can have a minimum of four weeks of paid vacation annually, along with 12 public holidays, which are also paid. The number of paid leave in Italy is more than offered in many other European countries.
There are no uniformed or government-mandated minimum wages prevalent in Italy. But your wages depend on two important factors: the industry you are rendering your services and how you negotiate your wages with your employer.
Your employer in Italy will contribute 33% of your salary to your pension. But, on the other hand, you, as an employee will contribute about 9% of your salary to your pension. The required deductions are made by the employer from your paycheque.
These are some of the benefits you get while working in Italy as a Bangladeshi migrant.
Let’s now see the top positive impacts of fee-free money transfers to Bangladesh from Italy with ACE Money Transfer.
Apart from having a chance to send money online to Bangladesh from Italy without having to pay even a single penny as fees until the end of 2023, there are a few critically important benefits of sending funds to Bangladesh from Italy through ACE Money Transfer that you can get.
These benefits are listed below.
You travel to a foreign country to work and earn a living because you cannot find sustainable jobs in your native country. Otherwise, you would not have come out in the first place. Right?
Therefore, you ensure that you save as much as you can, particularly when it comes to the ritual-like practice of transferring funds, which you do regularly.
You pay fees for every transfer you initiate. Right? Regardless of the amount of fees, imagine you transfer funds without fees! Will it not add to your family-bound financial aid?
Learn here all the essential tips to save money as an expatriate, apart from the continuous fee-free transfers within the given time.
You can send funds back within a few hours to Bangladesh from Italy with ACE Money Transfer, which is a short time compared with other service providers. The positive impact of this is that you can grab any investment or business opportunity that may appear for a short time and, if not responded to immediately, may disappear. Remember that you must have enough funds to grab any investment opportunity at the opening time.
Several service providers offer fixed and static currency exchange rates, which may be less than the rates prevalent in the international market, where they keep fluctuating. This can throw your financials into disequilibrium. Right? But with ACE Money Transfer, you get live and market-competitive currency exchange rates, which add to the amount you are sending back.
This and the fee-free transfers make ACE Money Transfer the cheapest way to send money to Bangladesh from Italy.
The firm has placed several security layers around its operations. These security layers keep you and your funds from scammers. You have heard about online scams and how people have lost their hard-earned money to them because they chose service providers whose security parameters were not ideal.
While you choose a bank to transfer funds from one place to another, you have to commute and travel around. Depending on the distance you have to travel, you have to incur costs and suffer physical fatigue. Right? But with ACE Money Transfer, you can initiate a transaction right from the middle of your comfort zone. And there’s more!
You can not only initiate your transaction, but you can also track it until its completion without having to move an inch!
These are some of the positive impacts of your digital transfers with ACE Money Transfer.
If you send money to Bangladesh from Italy with ACE Money Transfer, you will not only get to transfer funds fee-free, along with other benefits, but you will also create many positive impacts, some of which have been explained above, in the process for yourself and those you send money to – your family and loved ones!
The benefits you get from working in Italy are social security, high overtime wages, paid annual leave entitlement, pension contributions, maternity and paternity leaves, and minimum wages, which depend on your negotiation skills and job type.
You travel to Italy for jobs and work to earn a living, and the reason is that you cannot find sustainable jobs in Bangladesh, which leads to high levels of unemployment, pushing people into acute poverty.
You can transfer funds back to Bangladesh from Italy if you choose ACE Money Transfer. And there is no limit on the number of fee-free transfers to Bangladesh until the end of 2023.
So, you can have as many fee-free transfers as possible until the end of 2023.
While fee-free money transfers to Bangladesh from Italy are a reality with ACE Money Transfer, which many Bangladeshi migrants are benefitting from, you must be careful about unscrupulous elements that fleece you through such offers.
The positive impacts of your fee-free digital money transfers to Bangladesh from Italy include speed and efficiency, savings through waved fees and live and market-competitive exchange rates, safety of your transactions, and transacting right from the middle of your comfort zone.