Famous Ways for Money Send to Bangladesh

The ratio of money send to Bangladesh is growing high. Remittance inflows of Bangladesh are the second-highest foreign currency earnings for the Bangladeshis economics. Remittance sent by the Bangladeshis migrants makes a significant impact on the overall economic development of Bangladesh. The World Bank stated that Bangladesh is the 9th country who receive most of the remittance from other countries.

Ways for money send to Bangladesh:

Indeed nowadays there is no shortage of sources for sending money to where you want. Some money sends ways are given below. 

Banks:

This is one of the best and well-known ways of sending money. Most people use this way because they think it is safer than other ways. The typical value of sending money to a bank is 6.6% according to the World Bank. This is a costly way of sending money for a big amount. It charges more fees for converting currencies.

Exchange brokers:

A variety of solutions exist in the market. But use caution and compare the rate of the provider because rates vary a lot between different solutions. Be aware of fraud brokers while doing the transaction.

Online money transfer organizations:

There are many money transfer organizations online. All of these are best and secure. Some of the money transfer organization are given below:

TRANSFAST:

Transfast provides you convenience, security, and a money-back guarantee. It provides you the facility of Bank deposit and cash pickup. It makes possible 2 days deposit to Sonali Bank, BRAC Bank, Islami Bank, Janata Bank, and many more. Therefore, Transfast makes your transaction possible 24/7 and the whole year. TRANSFAST has a strong connection with approximately more than 55 banks.

World Remit:

World Remit facilitates you with the services of Bank Transfer, Cash pickup, Mobile money, Airtime top-up. It is safe, fast, and has a huge amount of trusted users. You can track your transaction with their app. You got a message when the recipient picks up their funds.

XOOM:

It is the easiest way to send money to Bangladesh. They provide you the facility to pay for your transaction through the bank account, credit card, and debit card. You can instantly do a bank transfer to Social Islami Bank Limited in seconds or 2 days for other banks.

Azimo:

It is a fast, convenient, and cheap service. It provides you with 30-minute cash delivery. Azimo also provides you SWIFT facility for your cash transfer to Bangladesh.

Ria Money Transfer:

Ria is a secure money transfer. It makes over 1 billion transfer safely. To attract the customer Ria makes an offer to add 5 euros in a first money transaction. They also take a low fee from you to make the transaction.

There are many other trusted names in online money organizations like Transferwise and western union.