Send money to Bangladesh
Quick answer: Where you send from decides the cheapest option to Bangladesh. Across the 7 sending routes we price, the top-ranked estimates right now are Sendwave from United States (122,619 BDT for $1,000); LemFi from Ireland and other EUR senders (69,152 BDT for €500); Remitly from United Kingdom (81,128 BDT for £500); TapTap Send from UAE (66,997 BDT for د.إ2,000).
Latest pricing observation: . Oldest observation used: . Quotes are kept per USD→BDT pair, not per country, so check is served before you commit. Methodology.
Cheapest way to send money to Bangladesh, by sending country
The top-ranked estimate on each route we price into Bangladesh, from our own collected quotes. Choose your country for the full provider ranking.
USD → BDT · 14 estimates
Sendwave: $1,000 becomes 122,618.75 BDT · 0.15% over mid-market · 2,827 BDT ahead of the lowest
LemFi: €500 becomes 69,152.43 BDT · 0.02% over mid-market · 3,348 BDT ahead of the lowest
GBP → BDT · 9 estimates
Remitly: £500 becomes 81,127.53 BDT · 0.10% over mid-market · 5,743 BDT ahead of the lowest
AED → BDT · 5 estimates
TapTap Send: د.إ2,000 becomes 66,996.86 BDT · 0.00% over mid-market · 3,421 BDT ahead of the lowest
AUD → BDT · 2 estimates
LemFi: A$1,000 becomes 84,833.88 BDT · 0.78% over mid-market · 137 BDT ahead of the lowest
BHD → BDT · 2 estimates
Wise: BD300 becomes 97,832.98 BDT · 0.25% over mid-market · 520 BDT ahead of the lowest
SAR → BDT · 1 estimate
Wise: ﷼3,000 becomes 98,241.38 BDT · 0.10% over mid-market
Bangladesh received over $21 billion in remittances in FY 2023, equivalent to roughly 5% of GDP. The largest corridors originate in Saudi Arabia, UAE, the US, and the UK. bKash — with over 65 million registered accounts — is the country's dominant mobile wallet and is supported by several international providers for near-instant delivery.
- bKash is Bangladesh's largest mobile financial service, accepted by Remitly, WorldRemit, and Brac Bank for direct wallet delivery. Recipients can cash out at over 300,000 agents.
- Nagad, operated by the Bangladesh Post Office, is the second-largest mobile wallet and is growing rapidly with government-backed salary and social welfare disbursements.
- Bangladesh Bank (the central bank) regulates all inbound remittances. No registration or tax applies to personal incoming transfers.
- The Government of Bangladesh offers a 2.5% cash incentive on all inward remittances received through official channels — boosting the effective rate your recipient receives.
- Popular banks: Dutch-Bangla Bank (DBBL), Brac Bank, Islami Bank Bangladesh, and Southeast Bank have extensive ATM and agent networks. Dutch-Bangla Rocket is another major mobile wallet.
Guides, fees & how it works
What you need to send money to Bangladesh
Full name
Recipient's full name as it appears on their bank account
Bank account number
13-digit account number for most Bangladeshi banks
Bank name & branch
Full bank name and specific branch (e.g. BRAC Bank, Gulshan Branch)
Routing number
9-digit Bangladesh Bank routing number identifying the specific branch
bKash number
Optional11-digit mobile number for bKash wallet transfers
Example: 01712345678
Note: Bangladesh does not widely use IBAN. You need the account number plus the 9-digit routing number issued by Bangladesh Bank that identifies the specific branch. For mobile wallet transfers, only the recipient's bKash-registered mobile number is needed.
How much does it cost to send money to Bangladesh?
The top-ranked estimate on each sending route into Bangladesh sits between 0.00% and 0.78% above the mid-market rate: tightest from UAE (TapTap Send), widest from Australia (LemFi).
Ways to send money to Bangladesh
bKash is by far the most popular way to receive remittances in Bangladesh — faster than bank deposit and accessible even without a traditional bank account. Nagad is a strong alternative with growing coverage.
How can my recipient receive money in Bangladesh?
Recipients in Bangladesh have 4 ways to receive this transfer: bank deposit; bkash mobile wallet; nagad mobile wallet; cash pickup.
Bank Deposit
Transfer to any Bangladeshi bank account. Bangladesh Bank's BEFTN system processes domestic transfers in batches.
bKash Mobile Wallet
Instant transfer to bKash — Bangladesh's leading mobile financial service with 70M+ active accounts. The most popular way to receive money in Bangladesh.
Nagad Mobile Wallet
Transfer to Nagad, Bangladesh's fastest-growing mobile financial service operated by the postal department.
Cash Pickup
Collect cash from agent locations, bank branches, and mobile money cash-out points across Bangladesh.
What are the transfer limits and regulations for Bangladesh?
Regulatory body
Bangladesh Bank (BB)
Inbound transfer limits
No cap on inbound remittances — Bangladesh offers a 2.5% government incentive on incoming remittances through formal banking channels
Documentation you may need
- Government-issued photo ID (passport, driver's license, or state ID)
- Social Security Number or equivalent tax ID
- Recipient's National ID (NID) number may be required for cash pickups
Important things to know
- The Bangladesh government pays a 2.5% cash incentive on remittances received through official banking channels — your recipient gets extra BDT on top of the transferred amount.
- Remittances to Bangladesh are tax-free for the recipient.
- bKash transaction limit: BDT 200,000 per month for standard accounts.
- Bank deposit transfers may take longer during weekends and public holidays due to batch processing.
How long does it take to send money to Bangladesh?
Top-ranked providers advertise instant from United States (Sendwave), minutes to 1 business day from Ireland (LemFi), minutes to 3-5 days from United Kingdom (Remitly), under 3 minutes (95% of transfers) from UAE (TapTap Send).
Provider-stated speeds for Bangladesh, not our measurement.
Popular banks in Bangladesh
6 banks commonly receive international transfers in Bangladesh, including BRAC Bank and Dutch-Bangla Bank (DBBL) — each bank's SWIFT/BIC code is below.
BRAC Bank
BRAKBDDH
Dutch-Bangla Bank (DBBL)
DBBLBDDHXXX
Islami Bank Bangladesh
IBBLBDDHXXX
Sonali Bank
BSONBDDHXXX
Eastern Bank (EBL)
EBLDBDDH
Agrani Bank
AGBKBDDHXXX
Frequently asked questions
Common questions about sending money to Bangladesh
What is the cheapest way to send money to Bangladesh?
Wise and Remitly consistently offer the best total value on the GBP-to-BDT and USD-to-BDT corridors. The Bangladesh government's 2.5% cash incentive on official channel remittances also means the effective amount your recipient gets is higher than the stated exchange rate. Always compare total BDT received including this incentive.
How do I send money directly to bKash in Bangladesh?
Remitly, WorldRemit, and several other providers support direct bKash transfers. You need the recipient's bKash-registered phone number (01X-XXXXXXXX). Delivery is typically within minutes after the sender completes payment. The recipient receives an SMS and can immediately use the funds or cash out at any bKash agent.
What bank details do I need to send money to Bangladesh?
You need the recipient's account number and the bank's routing number (9 digits) issued by Bangladesh Bank. Some providers also ask for the branch name and SWIFT code. Bangladesh does not use IBAN — the account number plus routing number identifies the account uniquely.
What is the 2.5% government incentive on remittances to Bangladesh?
The Government of Bangladesh provides a 2.5% cash incentive on all remittances received through official banking and mobile wallet channels. This means if you send $1,000, your recipient effectively receives BDT equivalent to $1,025. The incentive is paid directly by the bank or wallet provider. It does not apply to transfers through hawala or unofficial channels.
How long does a money transfer to Bangladesh take?
bKash and Nagad wallet deliveries typically arrive within minutes. Bank deposits to Dutch-Bangla, Brac Bank, or Islami Bank usually settle within 1–2 business days. Express options from Remitly and Western Union are available for same-day delivery for a small premium.
Is there a limit on how much I can send to Bangladesh?
Bangladesh Bank has no cap on inbound personal remittances. Providers impose their own limits — typically $10,000–$50,000 per transaction with full KYC. For large amounts over $10,000, the sender's country may require reporting (e.g. CTR in the US). Your recipient does not pay tax on money received from abroad.
What is the difference between bKash, Nagad, and Rocket?
bKash (owned by Brac Bank and BRAC) is the market leader with 65M+ users and the widest merchant acceptance. Nagad is government-backed via Bangladesh Post and growing quickly with competitive cash-out fees. Dutch-Bangla Rocket was the first mobile banking service in Bangladesh and has a loyal base, especially in rural areas. All three accept international remittances through official channels.
