Frequently Asked Questions

• What's the cheapest way to send money from Canada to Bangladesh?

  The cheapest way to send money from Canada to Bangladesh is through an online provider. Among the 11 available, Remitly was most often the cheapest provider (in 37.3% of the searches on Monito.com in the past 3 months).

• What are the best providers to send money from Canada to Bangladesh?

  Here are the providers that were the most often the cheapest in the comparisons of the past 30 days on Monito.com:

  • Remitly (cheapest in 37.3% of the searches)
  • Western Union (cheapest in 25.4% of the searches)
  • Instarem (cheapest in 13.9% of the searches)
• How much does it cost to send money from Canada to Bangladesh?

  If you send money with the cheapest available provider, the total cost of a CAD-BDT transfer was 0.1% of the transfer amount (including all fees and exchange rates) over the past month.

  In contrast, the cost of the most expensive option was 4.5%.

• Is Western Union a good option for sending money from Canada to Bangladesh?

  Western Union is a popular provider, with the biggest agent location network. The average cost of online money transfers from Canada to Bangladesh with Western Union* is 0.3% of the amount you send, whereas the cheapest online services have an average cost of 0.1%.
  
  Western Union is the provider that is most often the cheapest for money transfers to a cash pick-up location in Bangladesh.
  
  *Sending money from physical agent locations with Western Union is usually much more expensive than using their online service.

• What's the cheapest provider to send money from Canada to a cash pick-up location in Bangladesh?

  Over the past 3 months, the provider that was most often the cheapest for cash pick-up transfers in Bangladesh was Western Union, with an average cost of 0.2% of the amount you send (includes fees + exchange rate margin).
  
  The average total cost to send to a bank account rather than to a pick-up location during the same period was 0.1%. Remitly was the provider most often the cheapest for transfers to bank accounts in Bangladesh.

• What is the fastest option to send money from Canada to Bangladesh

  The provider that was most often the fastest provider in comparisons of the past 30 days was Western Union (average fastest transfer time: In minutes)