Send money internationally from Malaysia to Bangladesh (MYR to BDT) using the mid-market exchange rate.
Check and compare the rates from the major money transfer providers.
Send money from Malaysia to Bangladesh
What is the best Malaysian Ringgit to Bangladeshi Taka exchange rate today?
Looking to send money from Bangladesh to Malaysia instead? Send BDT to MYR today.
How much does it cost to send money to Bangladesh?
- International money transfers shouldn't be expensive.
- Make sure your provider doesn't add hidden fees or bad exchange rates to your money transfer.
- You should choose a provider that uses the mid-market exchange rate to convert your money.
What are the payments methods to send money to Bangladesh?
The available payment methods for your international transfer may vary. Most of the times these should be:
- Debit Card.
- Credit Card.
- Bank Transfer.
How long does it take to send money to Bangladesh?
How long does an international transfer take? It mostly depends on:
- Countries you send from and to.
- Public holidays or weekends.
- Payment methods.
- Potential security checks.
How to arrange a bank transfer online?
- Log into your bank's online banking service – you may need to verify your identity for security
- Navigate to the payment option which may be under 'bank to bank transfers' or 'personal payments' for example
- Follow the prompts to enter your recipient's details including their name, the bank name and account number. You'll also usually need a routing number, SWIFT code, sort code or similar, to help guide the payment to the right account
- Add the payment amount and double check all details
- Confirm the transfer, and your money is on its way
Send money to Bangladesh - FAQs
Personal remittances to Bangladesh made up almost 6% of the country's GDP in 2018 - down from the highpoint of over 10% in 2012, but still a significant contribution to the economy. If you plan on sending money to friends and family in Bangladesh - or if you're in Bangladesh and looking to receive a payment from abroad, read on.
How to send money to Bangladesh - easy steps:
Send money to Bangladesh online or in person:
- Research to find the best provider for your needs
- Set up your payment online or by visiting an agent
- Pay for your transfer
What information would you need to send money to Bangladesh?
For a bank transfer you'll need the following:
- Recipient's name and address
- Bank branch name, address and account number
- Reason for the transfer
If you're sending money for cash collection, you and the recipient will need government issued ID documents. The recipient will also need a reference number given by the money transfer provider, to receive the cash.
What are the best ways to send money to Bangladesh?
You can send money to Bangladesh by visiting your regular bank, but you might find that there are more competitive exchange rates - and lower fees - available elsewhere. Take a look at the other money transfer services available, including online only options, like Wise, or providers like Western Union and Moneygram which work via local agents.
Compare the costs of a few providers to see which is best value for your needs.
What is the best money transfer exchange rate to Bangladesh?
Take a look at the exchange rates offered, compared to the mid-market exchange rate, which you'll find on Google. The mid-market rate is the one banks and currency services get when they buy foreign currencies - but it's common to add a markup to the rate customers see. This is then additional profit for the provider.
Look for a service which uses the mid-market exchange rate, to get the best deal.