How to Use The Remittance Comparison Tool

Getting the best rate for your hard-earned money is easy. Just follow these simple steps to ensure your family receives the maximum possible amount in Bangladesh.

  1. Select Country: In the "Send From" box, choose the country you are currently in.
  2. Enter Amount: Type in the total amount you want to send in your local currency (e.g., 1000 SAR or 500 USD).
  3. Click Compare Now: Press the button to instantly see a comparison of popular remittance services.
  4. Choose the Best Deal: Our tool automatically sorts the results, showing you the service that will deliver the most Bangladeshi Taka (BDT) at the top, marked as the "Best Deal".

Maximize Your Remittance to Bangladesh

Sending money home is a vital lifeline for millions of families in Bangladesh. However, high fees and poor exchange rates can significantly reduce the amount your loved ones receive. This tool helps you compare different remittance services in real-time to ensure you get the most Taka for your currency. By choosing the right service, you can save a significant amount on every transfer, putting more money where it matters most.

Key Factors We Compare

  • Exchange Rate: This is the most important factor. A higher exchange rate means your foreign currency buys more Bangladeshi Taka. Even a small difference can be significant on large transfers.
  • Transfer Fees: These are the upfront charges for the service. Some services offer low fees but hide them in poor exchange rates. We show you both so you can make an informed choice.
  • Total Amount Received: This is the final calculated amount (Amount Sent - Fee) x Exchange Rate. This is the number you should focus on to find the true best deal.
  • Government Incentive Bonus: Remember, the Bangladesh government provides an additional 2.5% incentive on all remittances sent through legal channels. Our calculation does not include this, so your recipient will get even more than the amount shown!

Frequently Asked Questions (FAQ)

1. Why is the exchange rate I see here different from the one on Google?

The rate on Google is the "mid-market" rate, which is an average between buy and sell rates and is not available to consumers. Remittance companies add a small margin to this rate, which is how they make a profit. This tool shows you the actual, achievable rates offered by different services.

2. Which service is the fastest for sending money to Bangladesh?

Transfer speed varies. Transfers to mobile financial services (MFS) like bKash or Nagad are often instant or take a few minutes. Bank transfers may take 1-3 business days. While this tool focuses on the final amount, generally, digital-first providers like Wise and Remitly are faster than traditional banks.

3. What is the 2.5% government incentive on remittance?

To encourage sending money through formal, legal channels, the Government of Bangladesh adds a 2.5% cash bonus to the amount received. For example, if our tool shows your family will get BDT 100,000, they will actually receive BDT 102,500 at the bank or in their MFS account. This is a fantastic benefit for your family.

4. Is it safe to use these online remittance services?

Yes, all reputable online services are regulated by financial authorities in their respective countries and use high levels of security and encryption. Sending money directly to a bank account or a bKash/Nagad wallet in Bangladesh via these services is a very secure and reliable method.

Disclaimer

This is a comparison tool for informational purposes. The fees and exchange rates are illustrative and are subject to change, as they can fluctuate throughout the day. Always confirm the final rate, fees, and total amount with the service provider before initiating a transaction. This tool is independent and not affiliated with any of the remittance services listed.