How to send money to Bangladesh
Learn how to send money to Bangladesh at the best rate in four easy steps
1. See if the BDT mid-market rate is in your favor
Although the evolution of the currency market is fluctuating, it never hurts to stay on top of it in order to optimize how much the receiver of the transfer will get. Follow the exchange rate and send the money when you can get a good exchange rate.
2. Find the most interesting deal by comparing all the available companies.
Monito lists many providers to send money to Bangladesh, such as TransferWise, Western Union, MoneyGram, Xendpay, Orbit Remit. Picking the best service from the available options is a sure way to save on fees and exchange rate.
3. Choose the best service that suits your needs
What is the most important for you? Total cost, speed of transfer, user ratings? Examine the pros and cons before deciding which provider to use.
It is also interesting to take into account the pay-in and pay-out methods. You may have the possibility to transfer the money by bank wire or by debit or credit cards. At the other end, in Bangladesh, look at different options if you need the money to be transferred to your recipient's account or be available for cash pick-up.
4. Sign up and get started wih your transfer to Bangladesh with the money transfer provider you selected
The last step is to sign up on the money transfer provider's website (you most of the time have to provide some documents to confirm your identity), and set upyour transaction.