ACE Money Transfer
ACE Money Transfer
11 Nov 2026
Sending money to Bangladesh from overseas can help family members manage household expenses, education costs, and other financial commitments. If your recipient banks with Community Bank Bangladesh PLC, understanding its inward remittance arrangements, SWIFT code, transfer requirements, and applicable charges can help you prepare for an international payment.
ACE Money Transfer provides online money transfer services to Bangladesh through several receiving options, including bank deposits, cash pickup, selected mobile wallets, and airtime top-ups, as listed on its official Bangladesh transfer page. ACE Money Transfer Limited is authorised by the UK Financial Conduct Authority (FCA) as an Authorised Payment Institution (FRN 506692) to provide payment services in the UK. Its authorisation can be checked on the FCA Financial Services Register. However, the availability of a particular receiving bank depends on the payout network and sending route. You should check whether Community Bank Bangladesh appears in the available bank list before arranging a deposit.
This guide explains how Community Bank Bangladesh international money transfers work, how recipients can receive foreign remittances, what the bank's SWIFT code means, and how to review fees, exchange rates, and delivery estimates.
The term Community Bank Bangladesh international money transfer generally refers to sending or receiving money across borders involving Community Bank Bangladesh PLC. This may include an international bank transfer, a foreign inward remittance, or a payment arranged through an authorised money transfer provider.
Community Bank Bangladesh offers foreign exchange products, including spot transactions, forward transactions, and swaps, as described on its Foreign Exchange service page. These services form part of the bank's foreign exchange operations and are different from personal remittances arranged through an online money transfer provider.
An international bank transfer usually involves a financial institution sending payment instructions to another bank through an international banking network. Depending on the payment route, correspondent banks may also take part in processing the transaction. The Bank for International Settlements explains that correspondent banking relationships allow banks to provide cross-border payment services through accounts held with other financial institutions.
A foreign inward remittance is money received in Bangladesh from an overseas source. Bangladesh Bank's Online Foreign Exchange Transaction Monitoring and Management System includes inward remittances, such as wage-earner and other remittances, within the foreign exchange transactions reported by banks.
It is important to distinguish between receiving an international transfer into a Community Bank account and sending money abroad from an account held with the bank. These activities may have different eligibility requirements, supporting documents, fees, and regulatory conditions under Bangladesh Bank's foreign exchange framework.
Community Bank Bangladesh has announced partnerships intended to provide additional channels for collecting and disbursing overseas remittances.
On 4 September 2025, the bank announced an agreement with NEC Express Limited, a sister concern of NEC Money Transfer Limited. Under the arrangement, Community Bank would facilitate the collection of wage-earner remittances through NEC Express. The bank outlined the arrangement in its NEC Express partnership announcement.
The bank also announced a strategic partnership with Nagad on 20 August 2026. According to the Community Bank and Nagad partnership announcement, foreign remittances received through Community Bank can be disbursed to beneficiaries through Nagad's network. The agreement also covers transfers between Community Bank accounts and Nagad wallets.
These arrangements provide additional ways for eligible beneficiaries to access remittances. However, receiving money through a mobile wallet is not the same as having funds deposited directly into a bank account. If the recipient specifically wants the money credited to a Community Bank account, confirm the payout method and receiving institution before the sender completes the transaction.
A SWIFT code, also known as a Business Identifier Code (BIC), identifies a financial institution when banks exchange international payment instructions. Community Bank Bangladesh publishes the following SWIFT/BIC code:
COYMBDDD
The eight-character code is displayed on the bank's official website and is also shown in its published banking information. The bank's official homepage lists its SWIFT code as COYMBDDD.
According to SWIFT's explanation of the BIC standard and code structure, an eight-character BIC consists of three parts:
COYM: The four-character business party identifier.
BD: The two-letter country code for Bangladesh.
DD: The two-character location identifier.
SWIFT/BIC codes are 8 to 11 characters long and contain a mix of letters and numbers.
An optional three-character branch identifier can be added to an eight-character BIC to create an 11-character code. SWIFT explains that these extra characters identify a specific branch.
Community Bank Bangladesh publishes the eight-character code COYMBDDD. Do not add an unverified branch suffix, such as OBU, unless the bank or the receiving instructions specifically confirm that it is required. If the bank provides branch-level instructions, check different branches separately.
When arranging a SWIFT transfer, the sender may also need the beneficiary's full name, account number, bank address, and payment purpose. The exact information depends on the sending institution and payment route. Confirm the required beneficiary details directly with Community Bank Bangladesh before submitting an international wire transfer.
Receiving an international payment through Community Bank Bangladesh involves providing accurate beneficiary information and ensuring that the payment is compatible with the bank's requirements. The bank's foreign exchange services cover foreign currency transactions, while its NEC Express partnership specifically identifies an arrangement for collecting wage-earner remittances.
The process can differ depending on whether the sender uses a traditional SWIFT transfer, a remittance partner, or another approved payment channel.
A bank-to-bank international wire transfer generally follows these steps:
Obtain the receiving details: Ask the recipient to confirm their full name, Community Bank account number, bank name, and SWIFT/BIC code.
Provide the information to the sender: The sender enters the beneficiary details into their bank's international payment form.
Select the transfer currency: Choose an available sending currency and review how the payment will be converted.
Provide the payment purpose: The sender may need to explain why the funds are being transferred, depending on the sending bank's requirements and applicable foreign exchange rules.
Complete the payment: The sending bank processes the payment instruction through the relevant banking network.
Allow the receiving bank to process the funds: Community Bank Bangladesh may carry out the necessary verification and compliance checks before crediting the recipient's account.
Bangladesh Bank's foreign exchange guidance sets out requirements for different types of foreign exchange transactions. The sender should retain the payment confirmation and transaction reference so the sending and receiving banks can investigate a delayed or unsuccessful international payment.
A money transfer operator may offer a different process from a conventional SWIFT transfer. Instead of arranging a bank-to-bank wire directly, the sender uses an online remittance service and selects one of the payout methods supported for Bangladesh.
ACE Money Transfer lists bank deposits, cash pickup, mobile wallets, and airtime top-ups as receiving options for Bangladesh. The available methods depend on the sending country, payout network, and transaction details.
If the recipient wants the funds deposited directly into a Community Bank Bangladesh account, check whether the bank appears in ACE's available bank deposit options. The availability of bank deposits to Bangladesh does not automatically mean that every Bangladeshi bank is supported.
Eligible customers can arrange international remittances through the ACE Money Transfer website or mobile app as an easy way to send funds internationally. ACE's official frequently asked questions explain that customers can create an account, complete their profile, select a destination and payout option, enter recipient details, and pay using an available funding method; this setup is also helpful for customers who want to send money without visiting a branch.
To begin, visit the ACE Bangladesh transfer page or open the ACE app.
Follow these steps:
Create an account: Register on the ACE website or mobile app and complete any identity verification requested.
Select Bangladesh: Choose Bangladesh as the destination country.
Enter the transfer amount: Add the amount you want to send and review the displayed conversion into Bangladeshi taka (BDT).
Choose a receiving method: Review the available options, which may include bank deposit, cash pickup, mobile wallet, or airtime top-up.
Enter recipient details: Provide the information requested for the selected payout method. For a bank deposit, check the bank name and account details carefully.
Select a payment method: Choose an available funding option for your sending country.
Review the transfer: Check the amount to be paid, transfer fee, exchange rate, recipient details, and estimated delivery information.
Confirm the transaction: Complete payment after checking that all details are correct.
ACE may request proof of identity or additional supporting information before processing a transaction. The documents required can depend on the sending country and individual transfer.
ACE supports bank deposits to Bangladesh, but the availability of Community Bank Bangladesh PLC as a receiving institution must be checked separately.
Open the Bangladesh transfer calculator and review the available bank options. ACE also provides a facility to request a payout option if the required one is not listed.
If Community Bank Bangladesh appears in the list, follow the instructions and enter the recipient's details as requested. If the bank is not listed, do not select another institution and enter the Community Bank account number instead. Contact ACE customer support to ask whether the intended bank can receive the payment or whether the payout option can be requested.
The recipient may also consider another available method, such as an eligible mobile wallet or cash pickup, if it meets their needs.
ACE Money Transfer lists several ways to receive money in Bangladesh. The available options depend on the sending route and the payout methods displayed for the specific transaction.
A bank deposit transfers money directly into an eligible recipient's bank account. ACE's Bangladesh service page allows senders to select bank deposit and provide the beneficiary's account details when this payout method is available.
The sender may need the recipient's:
Full name as registered with the bank.
Bank account number.
Receiving bank's name.
Any additional information requested by ACE.
Check the bank list in the transfer calculator before proceeding. If the intended institution is not available, contact ACE rather than entering details for a different bank.
International bank transfers may pass through correspondent banking arrangements. The Bank for International Settlements explains that these relationships allow financial institutions to process cross-border payments through accounts maintained with other banks. The accounts are commonly described using the terms nostro and vostro, depending on the perspective of the institutions involved.
An intermediary bank may apply charges or request additional information, depending on the payment route. These costs and requirements are separate from the fees displayed by a money transfer provider, so senders should check with their bank before making a direct SWIFT payment.
Cash pickup allows a recipient to collect money from a participating payout location without receiving it directly into a bank account.
For cash pickup in Bangladesh, recipients must present a valid government-issued identification document and the transaction reference or PIN provided by ACE. The required documents and collection details may vary depending on the payout partner and applicable requirements. This information was checked against ACE's official Bangladesh transfer information on 6 November 2026. Before sending, check the available collection locations and confirm the recipient's identification requirements.
The recipient should use the transaction reference provided by ACE and follow the collection instructions for the specific payment. Cash pickup may be suitable for people who do not have an eligible bank account or prefer to receive funds in cash, provided they can access a supported collection location.
Mobile financial services provide an easy way for people in Bangladesh to receive money. ACE's Bangladesh page lists the following mobile wallet options:
bKash
Rocket, through Dutch-Bangla Bank
Nagad
UPay
A mobile wallet transfer sends money to an eligible wallet rather than directly to a conventional bank account. App-based access can be helpful for recipients who cannot easily visit a physical payout location. The recipient should ensure that the wallet is active, registered correctly, and able to receive the transaction.
Community Bank Bangladesh has also announced a partnership with Nagad to expand remittance access. Under the arrangement, foreign remittances received through Community Bank can be disbursed to beneficiaries through Nagad's network. This is a separate bank-to-wallet arrangement and should not be confused with an ACE transfer directly into a Community Bank account.
Wallet availability can depend on the sending country and transaction. Mobile wallet services can offer another level of convenience because recipients can monitor transactions on the go. Always check the options displayed before confirming payment.
ACE also lists airtime top-up as an option for Bangladesh. This allows a sender to purchase mobile credit for a recipient rather than transferring cash into a bank account or wallet.
It may be useful when the recipient needs mobile credit for calls, messages, or data. Check the available mobile network and top-up options before submitting the transaction.
The cost of an international money transfer depends on the type of transaction, sending currency, receiving method, amount, and institutions involved. A direct SWIFT transfer may have a different fee structure from a remittance arranged through an online money transfer provider.
Before sending money, review the charges that may apply at each stage.
Community Bank Bangladesh publishes a schedule of charges covering different banking services, including inward remittance-related items.
Its Schedule of Charges, effective from 1 October 2025, lists the following charges under foreign inward remittance:
Inter-zone fund transfer: Free.
Issuance of a Bangladesh Bank cheque: BDT 500 per instance, with an exemption for the same account holder.
Other standing instruction: BDT 100.
Cancellation of standing instruction: BDT 50.
Salary disbursement charge: Nil.
The same schedule lists charges for an encashment certificate for inward remittances:
Individual account: BDT 200.
Business account: BDT 500.
These certificate charges are not general fees for receiving every international remittance. The schedule also states that applicable government, regulatory, and other levies may be collected separately. As the bank may revise its tariff, confirm the current charge with Community Bank Bangladesh before requesting a service.
The bank's published schedule also lists charges for outward remittances through overseas correspondents. The listed bank charges are based on the equivalent amount in Bangladeshi taka:
| Outward remittance amount | Listed bank charge |
|---|---|
| Up to BDT 100,000 equivalent | BDT 100 |
| BDT 100,001 to BDT 500,000 equivalent | BDT 200 |
| BDT 500,001 to BDT 1,000,000 equivalent | BDT 300 |
| More than BDT 1,000,000 | BDT 500 |
Correspondent bank charges are payable at actual cost. Community Bank Bangladesh PLC's official Schedule of Charges lists a charge of BDT 2,000 for outward remittances requiring Bangladesh Bank approval. The schedule is effective from 1 January 2026 and was checked on 6 November 2026. Government taxes and other applicable levies are charged separately, and the bank may revise its fees. Confirm the applicable charge with Community Bank before initiating the remittance.
These are specific charges published by the bank. They do not mean that every outward payment is automatically permitted or that every transaction requires the same approval. Eligibility and documentation depend on the payment purpose and applicable foreign exchange rules.
ACE transfer fees can vary according to the sending country, amount, payment method, and selected payout option, so customers should compare low fees with the exchange rate and payout option rather than looking at one cost in isolation. A fee displayed for one country or payment method should not be assumed to apply to another.
To check the cost, enter your sending country, Bangladesh as the destination, and the amount you intend to send in the ACE transfer calculator. Review the fee displayed before confirming the transaction.
Also check whether your card issuer or financial institution may apply additional charges. ACE's payment and transfer guidance explains the available funding methods and the factors that can affect the transaction.
The exchange rate determines how much Bangladeshi taka the recipient receives for the amount sent in another currency. Community Bank Bangladesh publishes foreign exchange information through its Foreign Exchange service, while ACE displays the applicable rate during the transfer process, and customers often compare competitive exchange rates alongside transfer fees to judge how much will reach the recipient.
The final amount can be affected by the exchange rate, transfer fee, and any charges applied by other financial institutions. A transfer with a lower upfront fee may not necessarily provide the highest amount to the recipient if the exchange rate differs, and comparing the total payout can lead to savings when the delivered amount is higher.
Before proceeding, compare the amount the recipient is expected to receive rather than looking at the transfer fee alone. Use the rate displayed during the transaction because foreign exchange rates can change.
Exchange rates fluctuate, and the rate you receive may differ from any rates quoted. Always check the live rate at acemoneytransfer.com before sending.
Traditional international wire transfers may pass through one or more correspondent banks before reaching the beneficiary's bank. The Bank for International Settlements' explanation of correspondent banking describes how these relationships support cross-border payments and foreign currency settlement.
The sender should ask their bank whether intermediary or beneficiary bank charges may be deducted from the payment. Community Bank Bangladesh's published tariff also states that actual correspondent bank charges apply to its listed outward remittance service.
The time required to receive an international transfer depends on the payment channel, sending institution, receiving method, banking hours, and any additional verification requirements. A traditional SWIFT transfer may involve correspondent bank processing, while a remittance provider may offer different delivery arrangements.
For ACE transfers, its official FAQ provides the following general estimates:
Debit or credit card payments: Most transactions are completed within minutes. Rates and fees may vary by route, payout method, and checks. Visit acemoneytransfer.com for current rates.
Online bank transfers: Transactions generally take one to two banking days.
Bank deposits: Delivery times vary by country and are usually one to two business days, according to ACE’s FAQ, checked on 6 November 2026. Transfers to Bangladesh may take longer depending on the receiving bank and local banking conditions.
These are general estimates, not guaranteed delivery times for every transaction or payout method. Check the delivery estimate displayed for your specific payment before confirming it.
ACE identifies several factors that may affect delivery times in its transfer guidance. These include:
Incorrect personal or beneficiary information.
Differences in time zones.
Bank operating hours, weekends, and local holidays.
Additional information or identity documents required for verification.
Temporary downtime affecting a payment partner.
For a traditional SWIFT transfer, correspondent bank processing may also affect the time required for funds to reach the receiving institution. To reduce avoidable delays, check all recipient details before submitting the payment and respond promptly if the provider or bank requests further information.
Tracking an international payment is crucial when a sender needs to confirm whether a transaction is being processed, completed, or delayed.
If you send money through ACE, keep the transaction reference provided after payment. ACE's tracking guidance explains that customers can check a transfer through the website's tracking option by entering the transaction number. Customers using the mobile app can also review transaction information through their transaction history.
If you arrange a direct SWIFT transfer through a bank, retain the payment confirmation and ask the sending bank for the available transaction reference. The sending bank can advise which payment information is available to help trace the transfer.
If the money has not arrived within the expected period:
Check the transaction status through the relevant provider or bank.
Confirm that the recipient's account details were entered correctly.
Check whether the sender has received a request for additional documents.
Contact the sending institution with the payment reference.
Ask the recipient to contact Community Bank Bangladesh if the sending bank confirms that the payment has reached the receiving institution.
For assistance with a transfer arranged through ACE, use the contact details provided through its official website.
Receiving foreign remittances and making outward international payments are different banking activities. A person who wants to transfer money from Bangladesh to another country may need to meet additional requirements under the country's foreign exchange framework.
Community Bank Bangladesh lists outward remittance services through overseas correspondents in its Schedule of Charges. The bank's listed charges vary according to the equivalent BDT amount, and correspondent bank charges are payable at actual cost.
Bangladesh Bank's foreign exchange regulations set out the framework for outward remittances. The rules and supporting requirements depend on the purpose of the payment, the applicable regulatory instructions, and whether the transaction falls within the authority delegated to an authorised dealer bank or requires further approval.
For example, an outward payment for education, medical expenses, or another eligible purpose may require different supporting documents. Customers should contact Community Bank Bangladesh before initiating an outward international wire transfer to confirm eligibility, documentation, applicable approvals, and the total charges.
Whether you are arranging a bank-to-bank transfer or sending money through an online remittance provider, checking the details in advance can help prevent avoidable problems.
Verify the beneficiary's details: Check the recipient's full name, account number, bank name, and other required information before submitting the payment. ACE's transfer process requires senders to enter recipient details when creating a transaction.
Confirm the SWIFT code: Community Bank Bangladesh publishes its code as COYMBDDD. Verify whether additional branch information is needed directly with the bank.
Check payout availability: If using ACE, confirm that the intended bank, wallet, or cash pickup method is available for your sending route through the Bangladesh transfer calculator.
Review the full transfer cost: Consider the transfer fee, exchange rate, and any intermediary or card issuer charges. ACE displays transaction pricing during the transfer process, while Community Bank publishes its charges in its tariff.
Understand the delivery estimate: Check the expected processing time and consider weekends, public holidays, and banking hours, as outlined in ACE's transfer FAQ.
Complete verification: Submit accurate personal information and any supporting documents requested through official channels. ACE explains its identity verification requirements in its customer guidance.
Keep your payment reference: Save the transaction confirmation so you can track the payment or raise an enquiry through the ACE tracking service.
Protect your account: Never share your password, PIN, or one-time verification code with someone claiming to process your transfer. Use only official apps or websites.
Use official contact details: Contact the bank or money transfer provider directly if you receive an unexpected payment request or need help with a delayed transaction. Community Bank's contact information is available on its official website.
Taking these precautions can help senders and recipients manage international payments with greater confidence.
Community Bank Bangladesh PLC publishes its SWIFT/BIC code as COYMBDDD. This is an eight-character code identifying the bank. SWIFT explains that an optional three-character branch identifier can be added to an eight-character BIC to identify a particular organisational unit. If the sending bank requests an 11-character code or branch-specific information, confirm the correct details with Community Bank before submitting the payment.
Community Bank Bangladesh provides foreign exchange services and has announced partnerships for collecting and disbursing foreign remittances. Its NEC Express partnership covers the collection of wage-earner remittances, while its Nagad partnership explains how eligible foreign remittances received through the bank can be disbursed through Nagad. Confirm the receiving arrangements for your particular payment with the bank.
ACE Money Transfer supports bank deposits to Bangladesh, but the availability of Community Bank Bangladesh PLC must be checked in the bank list shown for your specific transaction. The ACE Bangladesh transfer page also allows customers to request a payout option if the required one is not listed. Contact ACE customer support to ask whether the intended bank is supported.
The sender may need the recipient's full name, bank account number, bank name, SWIFT/BIC code, and bank address. Community Bank Bangladesh publishes its SWIFT code as COYMBDDD. Additional details, such as the purpose of payment or supporting documents, may also be requested depending on the sending bank and transaction. Confirm the correct information with Community Bank Bangladesh before making the payment.
The processing time depends on the payment method and the institutions involved. Traditional SWIFT transfers may require additional time for correspondent bank processing and verification. For ACE transfers, most debit or credit card-funded transactions are completed within minutes, while online bank transfers generally take one to two banking days, according to ACE's published guidance. Check the estimate provided for your particular transaction.
Charges depend on the type of payment and any additional services requested. Community Bank Bangladesh's published Schedule of Charges lists BDT 200 for an individual inward remittance encashment certificate and BDT 500 for a business account. These are certificate charges, not universal fees for receiving an international payment. Check the bank's latest tariff for the applicable service.
Community Bank Bangladesh lists outward remittance services through overseas correspondents in its Schedule of Charges. However, outward transfers from Bangladesh are subject to applicable foreign exchange rules, transaction eligibility, and any required approvals. Contact the bank to confirm whether your payment purpose is permitted and what documents and charges apply.
A payment may be delayed because of incorrect beneficiary details, an incorrect SWIFT code, correspondent bank processing, weekends, public holidays, or additional verification requirements. ACE also identifies accuracy of information, time-zone differences, bank operating hours, and additional security checks as factors that can affect delivery. Contact the sending institution with the transaction reference if the payment has not arrived within the expected period.
The currencies available depend on the sending country, transfer provider, and payment route. Community Bank Bangladesh publishes foreign exchange information through its Foreign Exchange service, while ACE displays the applicable currency conversion during the transfer process. Check the currencies and exchange rate shown for your specific transaction before proceeding.
Community Bank Bangladesh international money transfers can involve receiving foreign remittances through a bank account, arranging payments through remittance partners, or using other available payout methods. The bank publishes its SWIFT/BIC code as COYMBDDD, offers foreign exchange services, and has announced remittance arrangements with NEC Express and Nagad.
For customers sending money to Bangladesh through ACE Money Transfer, available receiving methods include bank deposits, cash pickup, selected mobile wallets, and airtime top-ups. However, if the recipient specifically wants funds credited to a Community Bank Bangladesh account, confirm that the bank is listed as a supported payout option before proceeding.
Reviewing the recipient's details, transfer fee, exchange rate, expected delivery time, and secure transfer methods can help you choose an appropriate method. For direct international bank transfers or outward remittances from Bangladesh, confirm the relevant requirements and charges with the bank and consult the applicable Bangladesh Bank foreign exchange guidance before making a payment.
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, we strive to keep the information accurate, but 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.
