ACE Money Transfer
ACE Money Transfer
11 Nov 2026
Sending money to Bangladesh through a bank involves understanding the available international remittance options, the recipient’s account details, and the process for crediting funds. If you are considering a transfer to an account formerly held with Global Islami Bank, it is also important to know how its banking arrangements have changed.
Global Islami Bank was among the five banks involved in the merger that formed Sammilito Islami Bank PLC. This guide explains the bank’s former international remittance facilities, the significance of its SWIFT code, and what the merger means for customers receiving money in Bangladesh. It also looks at the available options for sending money to the country through ACE Money Transfer. ACE Money Transfer Limited is authorised by the UK Financial Conduct Authority (FCA) as an Authorised Payment Institution (API) under Firm Reference Number (FRN) 506692 to provide payment services in the UK. Its authorisation can be verified through the FCA Financial Services Register. This information was checked on 9 November 2026.
Global Islami Bank PLC previously provided international remittance services for Bangladeshis living and working abroad. Its published remittance information describes arrangements with overseas exchange houses and money transfer providers that facilitated payments to beneficiaries in Bangladesh.
According to Global Islami Bank's published remittance directory, checked on 9 November 2026, the bank had established remittance drawing arrangements with 14 exchange companies operating in different countries and regions. This figure and the listed providers are based on the directory available at the time of checking and may have changed. Bangladesh Bank's FE Circular Letter No. 03, dated 19 January 2025, outlines regulatory requirements for remittance drawing arrangements between banks and exchange houses.
The directory names the following providers:
Western Union Money Transfer
MoneyGram Payment System
Ria Money Transfer
Transfast Remittance
Xpress Money
Instant Cash FZE
Merchantrade
Placid Express
First Security Islami Exchange
National Exchange
NEC Money Transfer
Zenj Exchange Company (Turbo Cash)
KMB International Money Transfer Limited
GCC Remit
The former bank's directory also identifies certain provider locations. For example, it associates KMB International Money Transfer Limited with the UK, Merchantrade with Malaysia and NEC Money Transfer with Europe. These are the locations stated in the historical directory, not confirmation of the providers' current service coverage.
The published arrangements demonstrate the remittance network that Global Islami Bank previously described. However, the directory should not be treated as confirmation that all the partnerships remain active or that their former payout arrangements continue under Sammilito Islami Bank.
Customers should check the latest receiving instructions with the successor bank and the relevant remittance provider before sending money.
Global Islami Bank became part of a banking consolidation involving five Islamic banks in Bangladesh. The institutions included in the arrangement were:
Global Islami Bank PLC
First Security Islami Bank PLC
EXIM Bank PLC
Social Islami Bank PLC
Union Bank PLC
The five institutions are identified as the constituent banks of Sammilito Islami Bank in the successor bank's official background information.
On 13 August 2026, Sammilito Islami Bank officially assumed the overall operational and administrative responsibilities of Global Islami Bank. The successor bank's announcement of the handover states that the former bank's assets and liabilities were formally handed over to Sammilito Islami Bank at an event held at Bangladesh Bank's head office.
This institutional change is important for people who previously held Global Islami Bank accounts or used the bank as the receiving institution for overseas remittances.
Older bank documents, online records and remittance instructions may still show the former bank's name. Customers should not assume that every account detail, receiving arrangement or service procedure remains unchanged.
The transfer of operational and administrative responsibilities means that customers should consult Sammilito Islami Bank for information about accounts and services previously provided by Global Islami Bank.
For someone sending money from overseas, an important question is whether the beneficiary's existing account can still receive an international payment and which receiving-bank details should now be used.
The answer depends on the account's current status and the instructions provided by the successor bank and the selected payment provider.
Before arranging a transfer, the sender or recipient should:
Confirm the current receiving institution and its payment instructions.
Check whether the beneficiary's existing account can receive the intended type of remittance.
Verify the account number and beneficiary name.
Ask whether updated account information or supporting documents are required.
Confirm that the sending provider supports the relevant receiving account.
Customers can contact Sammilito Islami Bank through its official helpdesk to ask about former Global Islami Bank accounts, SWIFT information and current remittance arrangements.
The SWIFT/BIC code historically associated with Global Islami Bank is NGBLBDDH. The former bank's official contact information publishes this code alongside its former name and head-office address.
Importantly, Sammilito Islami Bank's official helpdesk information also lists NGBLBDDH against GIB in its merged-bank SWIFT information. This provides a current official reference for the code's association with the former institution within the successor bank's published information.
A SWIFT code, also known as a Business Identifier Code (BIC), identifies an organisation in financial messaging and payment instructions. According to SWIFT's BIC information, the code is used to identify business parties and support the addressing and routing of financial messages.
The code NGBLBDDH contains eight characters, and SWIFT/BIC codes used across the world are typically 8 to 11 characters long. Under SWIFT's BIC policy, an eight-character BIC consists of a four-character business-party prefix, a two-character country code and a two-character business-party suffix.
An optional three-character branch identifier can be added to identify an organisational unit, such as a particular location, department or service belonging to the same business party. For transfers routed through the swift network, the 8-character head-office code may be used, or an 11-character code may be required for a specific branch.
A SWIFT code is not the same as a bank account number or a local branch code. The BIC identifies the institution, while the beneficiary's account number identifies the account to which the payment is intended to be credited.
For a conventional international bank wire, the sender may be asked to provide:
The beneficiary's full name, as recorded by the receiving bank.
The beneficiary's bank account number.
The receiving bank's name.
The bank's SWIFT/BIC code.
The branch name or address, if requested.
The recipient's address or other supporting information, where required.
The exact information depends on the sending institution, payment route and receiving bank. A sender should follow the instructions provided for the specific transaction rather than assume that every international payment requires identical details.
No. An eight-character BIC identifies the business party, while an optional three-character branch identifier may distinguish a particular organisational unit belonging to that institution.
SWIFT's BIC policy explains that the additional identifier belongs to the business party represented by the main eight-character BIC. It should not be invented or derived from a branch's street address.
If the sending bank requests a branch-specific code, the receiving institution should confirm whether an 11-character code is required before the sender submits the transfer, while many institutions use the 8-character code accepted through the swift network.
The former Global Islami Bank website publishes the following corporate head-office address:
Global Islami Bank PLC
Saiham Tower, House No. 34, Road No. 136, Block S.E(C-1),
Gulshan Model Town, Dhaka-1212, Bangladesh.
The address and the former bank's SWIFT code, NGBLBDDH, appear in its published head-office contact details.
This should be understood as the former bank's published head-office address. It should not automatically be used as the beneficiary's branch address or treated as confirmation of the successor bank's current operating location.
For example, if a recipient holds an account that was previously maintained at a Global Islami Bank branch in Agrabad Commercial Area, Chittagong, the sender should confirm the relevant branch and receiving instructions with Sammilito Islami Bank. The former head-office address should not be substituted for a specific branch address unless the receiving institution instructs the sender to use it.
When completing an international payment form, use the bank name, account number, SWIFT information and branch details requested by the sending provider and confirmed by the receiving institution.
Global Islami Bank previously published banking information for non-resident Bangladeshis who wanted to maintain savings in Bangladesh while living abroad.
One product mentioned in the former bank's remittance information was the Mudaraba Swadesh Savings Account (MSSA). The bank's historical remittance information describes MSSA as a local-currency savings account intended for NRBs residing overseas who wanted to save money for use in Bangladesh.
The former bank's published information also said it could serve remittance beneficiaries through its own branches and, where applicable, through other banks' branches using the Bangladesh Electronic Fund Transfer Network (BEFTN), internet banking and mobile banking.
These descriptions explain the services that Global Islami Bank previously advertised. They should not be interpreted as confirmation that MSSA, its former account terms or the described payment arrangements are currently available under Sammilito Islami Bank.
Existing account holders should contact the successor bank to confirm whether their accounts remain active, whether the original product terms still apply and whether any updated documentation or account instructions are required.
Overseas Bangladeshis can use international remittance providers to send money to supported receiving institutions in Bangladesh. The available payment and payout methods depend on the sending country, transaction details and options offered by the provider.
ACE Money Transfer provides a Bangladesh destination service through its official Bangladesh transfer page. The page describes receiving methods that include bank deposits, cash collection and supported mobile wallets. It also allows customers to check the payout options available through its transfer calculator.
The general process for an eligible transfer is:
Visit ACE: Open the official ACE website or mobile application.
Register or sign in: Create an account or access an existing account.
Select Bangladesh: Choose Bangladesh as the destination country.
Choose the receiving method: Select bank deposit if it is available for the sending country and transaction.
Check the receiving-bank options: Select a bank only if it appears in the available options.
Enter the beneficiary's details: Provide the recipient's name and account information as requested.
Enter the transfer amount: Check the amount being sent and the expected amount in Bangladeshi taka.
Review the transaction: Check the displayed exchange rate, transfer fee, payment method and estimated delivery time.
Choose a payment method: Use one of the payment options displayed for the sending country.
Confirm the transaction: Complete the payment and retain the transaction reference for tracking.
ACE's official transfer FAQs explain its registration process, identity-verification requirements, beneficiary details and payment procedure. The available payment methods can include debit cards, credit cards and online bank transfers, depending on the sending location.
ACE provides bank deposits to Bangladesh, but this does not confirm that every former Global Islami Bank account is currently supported.
ACE's Bangladesh destination page provides a live transfer calculator and payout-method options. Its published information specifically identifies Rocket via Dutch-Bangla Bank among the supported mobile-wallet options. However, it does not establish that a former Global Islami Bank account can currently receive a direct ACE bank deposit.
As Global Islami Bank's operational and administrative responsibilities were transferred to Sammilito Islami Bank, customers should confirm the current receiving-bank arrangement before initiating a payment.
If the intended receiving institution or account is not displayed in the ACE transaction options, do not select another bank simply because it was part of the same merger. Contact ACE customer support and ask the beneficiary to confirm the current account and receiving instructions with Sammilito Islami Bank.
This check is particularly important when sending a large amount or transferring money to an account whose older documents still display the Global Islami Bank name.
The total cost of an international transfer depends on the sending country, amount, payment method, destination and any applicable promotion.
ACE advises customers to check the rates, fees and offers displayed for their sending location before confirming a payment. Its official fee and exchange-rate guidance directs customers to the ACE website for the applicable transaction quote.
Before confirming a transfer, review:
The amount being sent.
The exchange rate displayed for the transaction.
The transfer fee.
The payment method.
The amount expected to reach the recipient.
Any promotional offer and its eligibility conditions.
For example, two customers sending the same amount to Bangladesh may receive different quotes if they are sending from different countries or using different payment methods. The amount received may also change when the applicable exchange rate changes.
Exchange rates fluctuate, and fees or promotions may be revised. An earlier quote or the amount received in a previous transaction should not be treated as the price for a new transfer. Check the latest transaction quote on the ACE website before authorising payment.
The time required for an international money transfer depends on the payment method, sending country, receiving institution, banking hours and any additional verification requirements.
According to ACE's published transfer-time guidance, most debit- and credit-card-funded transactions are estimated to be completed within minutes, while online bank transfer payments generally take one to two banking days. These are indicative timeframes, not guaranteed delivery times. Actual processing and delivery may vary depending on the payment method, beneficiary details, time zones, banking hours, weekends, public holidays and additional verification requirements. Rates and fees may vary. Visit ACE Money Transfer for current rates and fees.
These are general service estimates. They should not be treated as guaranteed delivery times for every transaction or as a specific delivery commitment for a former Global Islami Bank account.
ACE also identifies factors that may affect processing time, including incorrect sender or beneficiary information, differences in time zones, bank working hours, weekends, public holidays and requests for additional information.
If a payment has not arrived within the estimated period, the sender should check the transaction status through their ACE account and follow any instructions displayed by the provider.
Tracking allows senders to check the progress of a transaction and identify whether further information or action is required.
ACE provides transaction information through its online account and mobile application. Its official transaction guidance explains how customers can access their transaction history, view transfer details and submit an enquiry about a transaction.
If a payment appears delayed, the sender should:
Sign in to their ACE account.
Open the relevant transaction details.
Check the latest transaction status.
Review any request for additional information.
Check that the beneficiary's details were entered correctly.
Contact ACE support if further assistance is needed.
Keep the transaction reference number available when contacting customer support. If the provider confirms that the payment has been forwarded to the receiving institution, the recipient can also contact Sammilito Islami Bank through its official helpdesk to ask about the incoming payment.
Checking the payment information before confirming a transfer can help reduce avoidable errors, particularly when the recipient previously banked with an institution that has undergone a merger. This is not financial or legal advice. Please consult a qualified professional.
Make sure the beneficiary's name and account number match the information held by the receiving bank. Ask the recipient to confirm the details directly with Sammilito Islami Bank if their account documents still display Global Islami Bank.
The former bank's operational and administrative responsibilities were transferred to Sammilito Islami Bank, as stated in the successor institution's official takeover announcement. Confirm which institution and account details should be used for the intended payment.
NGBLBDDH is the SWIFT code historically associated with Global Islami Bank and is also listed against GIB in Sammilito Islami Bank's official helpdesk information. For a conventional international bank wire, confirm the appropriate code and payment instructions before submitting the transfer.
A bank deposit, cash collection and mobile-wallet transfer are different payout methods. Check the options displayed for the sending country and transaction rather than assuming that every method is available for every receiving institution.
A remittance provider may request identity verification or supporting information about the source of funds, depending on the transaction. ACE explains its identity-document and large-transfer requirements in its customer FAQs.
Check the total amount payable and the amount expected by the recipient before authorising the transaction. ACE's official transfer information provides the applicable quote for the selected sending location and transaction.
These checks are useful whether the recipient lives in Dhaka, Chittagong or another part of Bangladesh. The receiving institution's instructions and the beneficiary's account details are more important than the city name alone.
The SWIFT code historically associated with Global Islami Bank is NGBLBDDH. Sammilito Islami Bank also lists this code against GIB in its official helpdesk information. Customers should confirm the receiving bank's current instructions before arranging an international wire transfer.
ACE offers international transfers to Bangladesh through supported payout methods. However, its Bangladesh transfer page does not confirm that every former Global Islami Bank account is currently supported for direct bank deposits. Check the available recipient-bank options or contact ACE before initiating a transaction.
Global Islami Bank became part of the five-bank consolidation that formed Sammilito Islami Bank PLC. The successor institution's official announcement confirms that it assumed Global Islami Bank's operational and administrative responsibilities on 13 August 2026 and received the former bank's assets and liabilities.
The former bank's published contact information lists its head office at Saiham Tower, House No. 34, Road No. 136, Block S.E(C-1), Gulshan Model Town, Dhaka-1212, Bangladesh. This is a historical head-office address and should not automatically be used as the branch address for a beneficiary's transfer.
Customers can check their transaction information through their ACE account or mobile application. ACE's transaction guidance explains how to view transfer details and submit an enquiry. If the payment has been forwarded to the receiving institution, the recipient can also contact Sammilito Islami Bank through its official helpdesk.
Global Islami Bank historically supported international remittances through overseas exchange-house arrangements and banking services for non-resident Bangladeshis. Following the August 2026 handover, Sammilito Islami Bank assumed the former bank's operational and administrative responsibilities, as confirmed by its official announcement.
The SWIFT code NGBLBDDH remains listed against GIB in Sammilito Islami Bank's published helpdesk information. However, customers should confirm the current receiving instructions and account status before arranging an international transfer.
ACE provides remittance services to Bangladesh through supported payment and payout methods, but its published information does not confirm that every former Global Islami Bank account can receive a direct bank deposit. Checking the available recipient-bank options, beneficiary details, exchange rate and transfer fee before payment can help reduce avoidable problems.
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.
