ACE Money Transfer
ACE Money Transfer
12 Nov 2026
Sending money to Bangladesh from overseas involves choosing a suitable money transfer provider and checking how the recipient can collect or receive the funds. Whether your family members bank with United Commercial Bank (UCB), ONE Bank, NRB Bank, Premier Bank, or one of the banks consolidated under Sammilito Islami Bank PLC, understanding the available remittance services can help you make an informed decision.
Bangladesh has several banks that facilitate inward international money transfers through overseas exchange houses, money transfer operators, and other financial partners. However, banking arrangements have changed following the merger of five Islamic banks into Sammilito Islami Bank PLC. This means some previously published remittance arrangements may no longer operate under their former bank names or conditions.
This guide explains how international money transfers to Bangladesh work, compares the remittance services published by selected banks, outlines how to send money through ACE Money Transfer, and explains what to check before completing a transaction.
Several banks in Bangladesh publish inward foreign remittance services, including UCB, ONE Bank, NRB Bank, and Premier Bank. First Security Islami Bank (FSIBL), Social Islami Bank (SIBL), EXIM Bank, Union Bank, and Global Islami Bank have been consolidated into Sammilito Islami Bank PLC.
The receiving options depend on the bank, international remittance provider, and sending country. Common options include:
Bank deposit: Money is credited directly to the beneficiary's bank account.
Cash collection: The recipient collects the money from a supported bank branch or payout location.
Mobile financial services: Eligible inward remittances can be disbursed locally through supported mobile financial services.
Electronic bank transfers: Some banks use domestic electronic transfer networks to credit funds to beneficiary accounts.
If you are considering ACE Money Transfer, visit its official Bangladesh transfer page to check the receiving options available for your sending country.
International money transfers allow Bangladeshis living abroad to send money to family members and other recipients in Bangladesh. These payments are generally processed through banks, authorised exchange houses, and international money transfer providers.
The sender selects a provider, chooses Bangladesh as the destination, enters the beneficiary's information, and reviews the available receiving methods. Depending on the provider and transfer arrangement, the recipient may receive the money through a bank account, cash collection, or an eligible mobile financial service.
The process generally involves the following stages:
Choose a provider: Select a money transfer service that operates in your sending country and supports Bangladesh.
Select a receiving method: Check whether bank deposit, cash collection, or another supported payout option is available.
Enter beneficiary details: Provide the recipient's correct name and required account or contact information.
Review transaction costs: Check the exchange rate, transfer fee, and expected amount received.
Complete the payment: Follow the provider's payment and verification instructions.
Track the transfer: Keep the transaction reference number and check the payment status.
Yes. Bangladesh Bank permits the local disbursement of inward foreign remittances through mobile financial services (MFS), provided the funds enter through an authorised banking channel and the relevant arrangements meet regulatory requirements.
Services such as bKash and Rocket are examples of mobile financial services available in Bangladesh. However, their availability for international remittance payouts depends on the sending provider, destination country, and transfer arrangement.
It is important to distinguish between receiving an international remittance through a locally supported mobile wallet and sending money directly across borders using a domestic mobile financial service. These are not the same transaction.
You can read more about the rules on Bangladesh Bank's Payment Systems page.
Several Bangladeshi banks publish information about inward foreign remittance services. However, the five-bank merger has changed the operating structure of some institutions.
The following comparison outlines the current banking arrangements and the remittance information published by the selected banks.
| Bank | Current Status | Published Remittance Information |
|---|---|---|
| UCB PLC | Operating independently | Lists international exchange houses and inward remittance arrangements. |
| First Security Islami Bank (FSIBL) | Consolidated into Sammilito Islami Bank PLC | Previously published inward remittance and agent banking services. |
| Social Islami Bank (SIBL) | Consolidated into Sammilito Islami Bank PLC | Previously published inward remittance services. |
| EXIM Bank | Consolidated into Sammilito Islami Bank PLC | Previously maintained international remittance arrangements. |
| ONE Bank PLC | Operating independently | Publishes account credit, cash collection, BEFTN, EFT/TT, and Okay Wallet services. |
| Union Bank | Consolidated into Sammilito Islami Bank PLC | Previously published foreign remittance services. |
| NRB Bank | Operating independently | Publishes account credit, over-the-counter cash payment, and BEFTN services. |
| Premier Bank PLC | Operating independently | Publishes account credit, cash collection, and mobile financial service remittance arrangements. |
| Global Islami Bank | Consolidated into Sammilito Islami Bank PLC | Previously operated under its own banking and remittance arrangements. |
An important development in Bangladesh's banking sector was the consolidation of five Islamic banks into Sammilito Islami Bank PLC.
The five institutions are:
First Security Islami Bank PLC
Social Islami Bank PLC
EXIM Bank PLC
Union Bank PLC
Global Islami Bank PLC
The new institution was established in 2025 as part of a banking sector restructuring process. By August 2026, Sammilito Islami Bank had assumed operational and administrative control of all five constituent banks and commenced operations under a single management structure.
You can find information about the new institution, its banking services, and the merged banks on the official Sammilito Islami Bank website.
For people receiving money from abroad, this development is important because older remittance partner lists and bank-specific instructions may not reflect the current arrangements.
If your recipient previously used an account with FSIBL, SIBL, EXIM Bank, Union Bank, or Global Islami Bank, confirm the current account and remittance procedures directly with Sammilito Islami Bank before arranging a transfer.
1. UCB PLC
United Commercial Bank PLC publishes inward remittance information through its official Remittance Services page. Its listed international exchange house arrangements cover several overseas markets.
Before sending money to a UCB account, check whether the selected provider supports the bank and the intended receiving method.
Exchange rates fluctuate and may change without notice. The rate you receive may differ from any rate quoted or displayed earlier. Always check the live exchange rate at acemoneytransfer.com before making a transfer.
2. ONE Bank PLC
ONE Bank offers inward foreign remittance services through local and international correspondents. Its published services include account credit for customers, BEFTN transfers, EFT/TT services, and Okay Wallet.
Visit the ONE Bank remittance page to review its published options.
3. NRB Bank
NRB Bank publishes two main inward remittance payment methods: account credit and over-the-counter cash collection.
Its website also explains that funds can be credited to accounts held with other banks through the Bangladesh Electronic Funds Transfer Network (BEFTN), subject to the applicable arrangements.
You can explore the details on the NRB Bank Foreign Remittance page.
4. Premier Bank PLC
Premier Bank publishes remittance services through international money transfer companies and exchange houses. Its available methods include account credit, instant cash transactions, and supported mobile financial service payouts.
Its Premier Remittance Service page provides further information about its arrangements. Exchange rates fluctuate and may change without notice. The rate you receive may differ from any rate quoted or displayed earlier. Always check the live exchange rate at acemoneytransfer.com before making a transfer.
5. Sammilito Islami Bank PLC
Sammilito Islami Bank brings together five previously separate Islamic banking institutions. Its website lists services covering foreign exchange, remittance-related banking, agent banking, and other financial facilities.
If your recipient holds an account with one of the former banks, check the latest instructions through the Sammilito Islami Bank website rather than relying only on an older bank-specific remittance page.
Important: A bank's published inward remittance service does not automatically mean that every international money transfer provider supports deposits to that bank. Always check the actual payout options available for your sending country and transfer route.
ACE Money Transfer Limited provides transfers to Bangladesh and is FCA-authorised as an Authorised Payment Institution (FRN: 506692). Verify its status on the FCA Register. You can use its website or mobile app to review available transfer options.
Follow these general steps:
Visit the ACE Money Transfer website or open the app. Create an account or sign in if you are already registered.
Complete the identity verification requirements applicable to your sending country.
Choose Bangladesh as the receiving country and enter the amount you want to send.
The available sending currencies and transaction limits depend on your location and the service offered.
Review the payout methods displayed for your transaction. These may include bank deposit, cash collection, or a supported mobile wallet, depending on the sending country and transfer route.
If you intend to send money to a particular bank, check whether it appears among the available receiving options.
Provide the beneficiary's information as requested. For a bank deposit, this may include the recipient's full name, bank account number, and other bank details.
For cash collection or mobile wallet payouts, the required information may differ.
Before confirming, check:
The amount you are sending.
The applicable transfer fee.
The exchange rate.
The expected amount the recipient will receive in BDT.
The selected payout method.
The estimated delivery time.
Transfer fees vary by provider, route, amount and payout method Western Union also notes that fees may change without notice. Some routes can also be used for specific purposes, such as tuition and medical bills through Western Union.
Once you have reviewed the transaction details, follow the payment instructions to complete your transfer.
For more information about registration, payment methods, transaction statuses, and receiving options, visit the ACE Money Transfer FAQs. Exchange rates fluctuate and may change without notice. The rate you receive may differ from any rate quoted or displayed earlier. Always check the live exchange rate at acemoneytransfer.com before making a transfer.
Before sending money to Bangladesh, it is important to understand the total transaction cost and how long the payment may take.
Exchange rates, transfer fees, and delivery estimates can vary depending on the sending country, payment method, receiving bank, and selected service.
The total cost of an international money transfer may include several components:
Transfer fee: The charge applied by the money transfer provider for processing the transaction.
Exchange rate: The rate used to convert the sending currency into Bangladeshi taka, where applicable.
Additional charges: Intermediary or receiving institution charges may apply depending on the transfer arrangement.
Final payout: The amount the recipient is expected to receive after applicable charges and currency conversion.
Do not compare transfer fees alone. A transaction with a lower advertised fee may not necessarily provide the highest final payout because exchange rates and other costs can differ.
When reviewing a transaction through ACE Money Transfer, check the displayed exchange rate, transfer fee, and expected recipient amount before confirming.
Exchange rates fluctuate, and the rate you receive may differ from any rates quoted. Always check the live rate at acemoneytransfer.com before sending.
The time required for money to reach a recipient in Bangladesh depends on the selected provider and receiving method.
Some factors that may affect delivery include:
Payment method: The time needed to receive and process the sender's payment.
Receiving bank: The bank's processing arrangements and operating hours.
Public holidays: Holidays in the sending or receiving country.
Verification checks: Additional identity or transaction checks.
Recipient details: Incorrect or incomplete beneficiary information.
Supporting documents: Additional information required for certain transactions.
Bangladesh Bank's FEPD-1 Circular No. 03, issued on 8 January 2026, introduced processing and notification requirements for authorised dealer banks handling inward remittances. Subject to the required information being available and applicable checks.
Under Bangladesh Bank’s FEPD-1 Circular No. 03, dated 8 January 2026, covered inward remittances received during banking hours should be credited the same business day, and those received after banking hours the next business day, provided the required details are available. Transactions requiring pre-credit verification may take up to three business days.
These bank-processing requirements should not be confused with the overall delivery estimate provided by an international money transfer service. The payment must first reach the relevant receiving bank through the transfer arrangement.
You can review the circular through Bangladesh Bank's official circular directory.
Always check the estimated delivery time shown by your provider before completing a transaction.
The 75% figure sometimes mentioned in discussions about Bangladesh's foreign exchange regulations relates to specific outward remittance arrangements for eligible expatriates or foreign nationals residing and earning income in Bangladesh. Foreign nationals working in Bangladesh may remit up to 80% of their after-tax net income, subject to Bangladesh Bank rules. This limit does not generally apply to Bangladeshi nationals.
It is not a general limit on the amount of money Bangladeshis living overseas can send home through an authorised inward remittance channel.
The rules for outward transfers from Bangladesh depend on the sender's circumstances, the purpose of payment, and the relevant Bangladesh Bank foreign exchange regulations, and eligible senders generally need to maintain a file with the bank; such transfers are not for business purposes and are tied to the sender's monthly salary from a local company.
For this reason, avoid applying an outward remittance limit to an ordinary international transfer being received by a family member in Bangladesh.
Competitor explanations often describe the limit as up to 75% of monthly income for eligible expatriate transfers back home.
For further regulatory information, consult Bangladesh Bank's Foreign Exchange Guidelines. Exchange rates fluctuate and may change without notice. The rate you receive may differ from any rate quoted or displayed earlier. Always check the live exchange rate at acemoneytransfer.com before making a transfer.
Taking a few precautions before sending money can help protect your transaction and personal information.
Consider the following practices:
Use official platforms: Access your money transfer provider through its verified website or mobile application.
Check provider information: Review the provider's service terms, fees, and available payout options.
Enter accurate recipient details: Check the beneficiary's name, account number, and other requested information.
Protect your credentials: Never share your password, PIN, or one-time password (OTP).
Review the transaction: Check the sending amount, exchange rate, fee, and recipient details before confirming.
Keep transaction records: Save your payment receipt and reference number.
Respond to verification requests carefully: Provide documents only through the provider's official channels when required.
Contact customer support: If your payment is delayed or you notice an unexpected transaction, contact the provider through its official support channels.
International transfers may be subject to identity verification, anti-money laundering checks, and other regulatory requirements. These checks are part of the payment process and may affect the time needed to complete a transaction.
If you are using ACE Money Transfer, you can visit its FAQs and customer support page for information about transaction statuses and assistance.
Sending money home can help families in Bangladesh manage everyday expenses, education costs, household commitments, and other important needs.
Understanding the available banks and receiving methods can help you choose an appropriate way to transfer money. Whether your recipient prefers a bank deposit, cash collection, or a supported mobile financial service, check the available options before starting your transaction; some international providers make it easy to send through thousands of payout points worldwide. Western Union’s website currently advertises over 525,000 agent locations worldwide. However, its 2025 Annual Report states that approximately 360,000 locations conducted money transfer activity in the 12 months ending 31 December 2025. For accuracy, use the dated annual-report figure: “Western Union reported approximately 360,000 active agent locations as of 31 December 2025.”
ACE Money Transfer provides international money transfer services to Bangladesh from supported sending countries. Visit ACE Money Transfer to explore available payout methods, check applicable fees and exchange rates, and review the estimated amount your recipient may receive.
Choose a receiving method that suits your recipient's requirements and confirm the transaction details before sending money. Exchange rates fluctuate and may change without notice. The rate you receive may differ from any rate quoted or displayed earlier. Always check the live exchange rate at acemoneytransfer.com before making a transfer.
You can receive an international money transfer through a supported bank account, cash collection location, or eligible mobile financial service. The available method depends on the sending provider, destination, and transfer arrangement.
UCB, ONE Bank, NRB Bank, and Premier Bank offer inward remittance services. FSIBL, SIBL, EXIM Bank, Union Bank, and Global Islami Bank have been consolidated into Sammilito Islami Bank PLC. Check the banks' official websites for their current procedures.
Yes. UCB publishes inward remittance services through international exchange houses and remittance partners. However, check whether your chosen money transfer provider supports UCB for your sending country.
Yes. ONE Bank publishes inward remittance services through local and international correspondents. Its listed options include account credit, cash collection, BEFTN, EFT/TT, and Okay Wallet, subject to the applicable arrangements.
Yes. NRB Bank publishes inward remittance services through account credit and over-the-counter cash payment. It also lists BEFTN facilities for crediting accounts held with other banks.
Premier Bank publishes cash collection services through supported international remittance arrangements. Recipients should confirm the available collection locations and required identification before visiting a branch.
These five Islamic banks were consolidated into Sammilito Islami Bank PLC. The new institution assumed operational and administrative control of the five banks in 2026. Customers should check its official website for current account and remittance procedures.
Bangladesh Bank permits the local disbursement of inward foreign remittances through eligible mobile financial services. Whether you can receive a particular transfer through bKash, Rocket, or another supported service depends on the international provider and the available transfer route.
Visit the ACE Money Transfer website or app, select Bangladesh as the destination, and review the available receiving options for your sending country. Confirm whether your recipient's bank is supported before completing the transaction.
Delivery depends on the money transfer provider, payment method, receiving bank, banking hours, and verification requirements. Check the estimated delivery time displayed before confirming your transaction.
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.
