ACE Money Transfer
ACE Money Transfer
20 Nov 2025
Whether you need to support family back home, cover education costs or handle an emergency, knowing how to send money in Bangladesh quickly and affordably matters. This guide walks you through every detail of using ACE Money Transfer to send money to Bangladesh - from choosing a payment method to understanding exchange rates, fees, delivery times and safety.
ACE Money Transfer lets customers in the UK, Europe, Canada, Australia, Switzerland and other countries send money to Bangladesh online, with many transfers arriving in minutes. Digital apps like ACE allow senders to specify the delivery method when transferring money to Bangladesh, giving you full control over how your recipient receives funds. ACE Money Transfer provides matchless exchange rates for remittances, making it one of the most cost-effective ways to transfer money to Bangladesh.
Here are the core steps:
Create a free account - Sign up on the ACE website or mobile app with your name, email and phone number. Verify your identity with a government issued ID.
Choose Bangladesh and enter your amount - Select Bangladesh as the destination country, pick your send currency (GBP, EUR, CAD, AUD, etc.) and enter the transfer amount. ACE shows the live BDT exchange rate and total fees before you confirm.
Pick your payment method - Fund the transfer with a debit card, credit card, online bank transfer, Apple Pay, Google Pay or a regional option like Blik, Bancontact or iDeal.
Choose your payout and confirm - Select how your recipient will receive money in Bangladesh: bank deposit, cash pickup, mobile wallet, bill payment or airtime top-up. Review the transfer details and hit send.
ACE offers great exchange rates for GBP/BDT, EUR/BDT and other currency pairs. Many transfers arrive in Bangladesh instantly or within minutes when funded by card and paid out via mobile wallet or cash pickup. This article covers all Bangladesh money transfer options, costs, timings and safety tips in detail for both first-time and regular users.
ACE is a specialist in international money transfers, with a strong focus on Bangladesh online remittances. It serves the Bangladeshi diaspora across the UK, Europe, Canada, Australia, Switzerland and beyond - people sending money home for family support, education, healthcare and savings. International remittances enter Bangladesh through regulated channels such as authorized banks, and outward remittances must be processed via authorized dealer banks in Bangladesh. ACE operates within this framework while keeping costs low for senders.
Here is what sets ACE apart:
Competitive rates vs traditional banks - ACE's exchange rate margin on popular corridors like GBP ? BDT typically runs between 0.1% and 1.5% over the mid-market rate, far tighter than most high-street banks.
Low or zero transfer fees - A typical fee from the UK to Bangladesh is around £1.75. New customers may qualify for a fee-free first transfer on select routes.
No hidden fees - ACE displays the exchange rate, upfront fee and total cost before you confirm. There are no hidden exchange rate mark-ups beyond the disclosed spread.
Regulated and secure - ACE is authorised by the UK's Financial Conduct Authority (FCA, reference 506692), complies with AML/KYC rules, uses advanced encryption and safeguards customer funds in separate accounts. ACE Money Transfer ensures secure online transactions every day.
Bangladesh's payment infrastructure has achieved notable progress in digital payment options, and ACE taps into that ecosystem so your money reaches the right hands fast.
This section explains the full journey for an ACE Bangladesh money transfer, from sign-up to delivery.
Visit the ACE website or download the app. Register with your name, email and phone number. Depending on your sending country, you will need to verify your identity by uploading a valid ID - passport, national ID or driving licence. Some corridors also require proof of address. Verification is usually quick, and once complete you can send money abroad without repeating the process.
Log in, select Bangladesh as the destination country and choose your send currency (e.g. GBP, EUR, CAD or AUD). Enter the amount you want to send. ACE immediately shows the live BDT exchange rate, any upfront fee and the exact amount the recipient receives. You also choose the pay out method at this stage - bank account, cash pickup, mobile wallet, airtime top-up or bill payment.
Provide the recipient's full name (matching their official ID). For a bank deposit, enter the recipient's bank account number, bank name and branch. For a mobile wallet, enter the wallet type and number. For cash pickup, ACE generates a reference PIN that the recipient uses at a partner location.
Select your preferred payment method, review the transfer details one final time and confirm. ACE processes the payment and lets you track the transfer in real time via the dashboard or app. Both sender and recipient can track the transfer status. You can track transfers using a unique PIN, and transfers can be tracked without logging into an account. You also receive email updates about your transfer status as it moves through each stage.
ACE supports multiple ways to fund an online money transfer, and available options vary depending on your sending country. Transfer fees vary based on payment and delivery methods, so the funding option you choose directly affects cost and speed. Bank transfers can be done electronically from one bank account to another in Bangladesh, and the same principle applies on the sending side.
| Payment Method | Speed | Typical Fees | Availability |
|---|---|---|---|
| Debit card | Fast (minutes) | Low or zero from ACE | UK, Europe, Canada, Australia |
| Credit card | Fast (minutes) | Possible card-issuer fees | Most sending countries |
| Online bank transfer (Trustly/Ecospend) | 1–3 business days | Often lowest overall cost | UK (Ecospend), Europe (Trustly) |
| Apple Pay / Google Pay | Fast (minutes) | Depends on linked card | Eligible countries |
| Regional methods (Blik, Bancontact, iDeal) | Varies | Low | Poland, Belgium, Netherlands |
Card payments usually result in faster processing, while most bank transfers may be cheaper but can be slower due to clearing times.
Visa and Mastercard debit and credit cards are among the most popular ways to send money to Bangladesh with ACE, thanks to speed and ease.
Debit card transfers are ideal for quick online money transfers. Funds are debited from your bank account almost immediately, and ACE often charges low or zero additional fees for debit card use. This is the cheapest option for many senders from the UK and Europe who want to send GBP to Bangladesh quickly.
Credit card transfers are convenient when funds in your bank account are limited. Sending money via credit card is one of the fastest methods - credit card transfers can take 15 minutes to a few hours to reach Bangladesh. However, credit card transfers often incur additional fees from the card issuer, and some issuers treat the transaction as a cash advance, which attracts immediate interest. Extra fees from your bank can add up.
Always compare ACE's displayed fee plus any bank or card charges before confirming your Bangladesh send money transaction. The cheapest way to send is often a debit card funded transfer.
Online bank transfers offer a direct-from-bank option for funding a Bangladesh online transfer, often with strong security and the best value on fees.
Trustly serves selected European countries (excluding the UK). You log into your bank via Trustly's secure interface, approve the payment to ACE, and the funds are pulled directly. No card details are shared.
Ecospend is ACE's open-banking solution for UK senders. You pay directly from a UK bank account, avoiding card details entirely. This method often gives good value for those who want to send money directly from their current account.
Regional methods include Blik in Poland, Bancontact in Belgium and iDeal in the Netherlands. These let customers use familiar domestic banking rails to fund their transfer online to Bangladesh.
The trade-off: bank transfers can take several business days to complete because ACE must receive and clear funds before releasing the money transfer to Bangladesh. Standard money transfers funded via bank transfer can take several business days if initiated near weekends or public holidays. Through traditional banks, wire transfer costs to Bangladesh can run up to $50, making ACE's low fees a significant saving.
ACE supports digital wallets like Apple Pay and Google Pay in eligible countries, adding a fast and secure way to fund transfers.
With Apple Pay, select it at checkout, confirm with Face ID or Touch ID, and funds are charged to the card saved in your Apple Wallet. With Google Pay, pick a saved card, authorise the payment and you are done. Both options are available on the ACE app, which you can find on the Play Store or App Store.
The underlying card's terms still apply - check your card issuer's policy on foreign transaction fees. But for speed and security, these wallets are hard to beat. If you already use Apple Pay or Google Pay for everyday purchases, using them to transfer money online to Bangladesh feels just as seamless.
ACE offers several delivery methods across Bangladesh to match different family needs and locations, whether urban or rural.
ACE credits funds directly to the recipient's bank account at major Bangladeshi banks, including Sonali Bank, Islami Bank, BRAC Bank, Dutch Bangla Bank, City Bank and One Bank. This method is ideal for salary support, savings and larger transfers. Inward remittances can be credited to local bank accounts or cashed out at authorized exchange houses in Bangladesh.
Bangladesh Bank operates national clearing and settlement systems for bank transfers. Key systems include:
NPSB - facilitates real-time interbank retail transactions in Bangladesh
RTGS - designed for high-value urgent interbank fund transfers in Bangladesh
BEFTN - used for regular batch transfers such as salary disbursements and vendor payments in Bangladesh
Bangladesh Automated Cheque Processing System - electronically processes cheque transactions
Interoperability infrastructure allows direct transfers between different mobile financial service wallets and participating banks, which means funds can move flexibly once they land in the country.
Cash pickup services are important for recipients without access to bank accounts in Bangladesh. Cash pickup is available at over 37,500 locations in Bangladesh, including partner bank branches and agent points. The recipient brings a valid government issued ID and the ACE reference or PIN to collect Bangladeshi taka. Cash can be deposited or withdrawn at physical agent kiosks in Bangladesh, making this a practical way to receive money in Bangladesh for those in remote areas.
ACE also offers a ONE-PIN feature: recipients can collect remittances at any of several participating banks - Agrani Bank, Jamuna Bank, Southeast Bank, Al-Arafah Islami Bank and Rupali Bank - using the same transaction PIN.
You can send money to Bangladesh via mobile wallets like bKash, as well as Nagad, Rocket and UPay. Mobile Financial Services dominate daily domestic transactions in Bangladesh, and mobile wallets are popular for everyday transfers within Bangladesh. Transfers to mobile wallets can be available in minutes, making this one of the fastest ways for recipients to access funds via mobile money.
ACE also lets senders pay utility bills or top up mobile airtime directly for relatives in Bangladesh, removing the need for the recipient to handle the transaction themselves.
When you send money to Bangladesh, your GBP, EUR, CAD, AUD or other currency is converted to BDT (Bangladeshi taka) at the prevailing exchange rate. Exchange rates may vary based on forex market fluctuations, so the amount the recipient receives can shift slightly between the time you check and the time you confirm.
ACE displays live exchange rates and all transfer fees upfront so senders know the total cost before confirming. For reference, 1 GBP equals 166.2877 BDT at Xe, and 1 USD equals 122.00 BDT for new Remitly customers. ACE's rates on the GBP ? BDT corridor are competitive, with a margin typically between 0.1% and 1.5%.
You can send money online using services like Ria and Remitly as well. Ria offers competitive exchange rates for money transfers and strives to minimize fees. Xe charges no transfer fees for bank transfers to Bangladesh. However, ACE's combination of competitive rates, low fees and fast delivery often delivers the best value for the Bangladesh corridor, especially when you factor in total fees - not just the headline rate.
Compare ACE's displayed exchange rate and total cost with your bank or other services before confirming. Send during favourable currency exchange movements when possible and avoid unnecessary double conversions (e.g. converting via USD when sending from GBP).
Delivery time for transfers to Bangladesh depends on payment method, pay out method and compliance checks, but ACE is built for fast transfers. Delivery times vary based on payment and payout methods.
| Payout Method | Funded by Card | Funded by Bank Transfer |
|---|---|---|
| Mobile wallet | Minutes | Same day – 1 business day |
| Cash pickup | Minutes | Same day – 1 business day |
| Bank deposit | Minutes – few hours | 1–2 business days |
Bank deposits typically take 1-2 business days, though many transfers arrive the same day when funded by card. Standard money transfers funded by bank transfer can take several business days if initiated late in the week.
ACE informs customers about estimated delivery times on the confirmation screen and sends status updates via email and app notifications. You will know exactly when your transfer is in process and when it has been delivered.
ACE uses encryption, secure logins and fraud monitoring to protect every online money transfer. Identity verification and transfer monitoring are legal requirements in international money transfers to prevent money laundering and fraud.
Other providers in the market also prioritise security. Ria's transfers are encrypted, verified, and tracked. Ria employs security experts to monitor money transfers and never stores payment details on its servers. Transfers via Ria can be tracked in real-time using Ria's Track a Transfer tool, which provides real-time updates. ACE similarly offers full tracking and notification capabilities.
Sending limits can vary depending on your country, customer verification level, payment method and the destination country. ACE may request additional documents for higher limits or unusual patterns.
Best practices for senders:
Never share account passwords or one-time codes
Double-check the recipient's details and account number before confirming
Only send money to people you trust
Use a secure internet connection
Plan transfers during Bangladesh banking hours and avoid holiday weekends
ACE's mobile app for iOS and Android lets you manage all Bangladesh send money tasks on the go. Download it from the Play Store or App Store and create a free account in minutes.
App workflow:
Sign up or log in (biometric login supported on compatible devices)
Save favourite recipients in Bangladesh for faster repeats
Reuse past transfer details - recipient, pay out method, account details - with a single tap
Upload verification documents securely within the app
Useful features:
Live exchange rate view so you can time transfers for the best rate
Push notifications when your transfer status changes (sent, in process, delivered)
Transaction history and tracking dashboard
Secure document upload for identity verification
Whether you want to send money to Bangladesh quickly for an emergency or set up regular transfers for family support, the app puts everything in your pocket. Download the ACE app, create your free account and see how much your family could receive at today's live rate. Your first transfer could land in Bangladesh instantly - and you will wonder why you did not switch sooner.
