Sending money from Bangladesh to India has some key components that impact the choice of the transfer service provider. There are many providers of international money transfers between Bangladesh and India. In our search, we located the cheapest provider at Above Mid-Market Rates.
We recommend using it when sending international online money transfers if you're looking for the best combination of price, speed, and reliability. By using online money transfers from Bangladesh to India, you can benefit from lower transfer fees and faster transfer speeds - meaning your recipient will get more money in less time.
Today there are many ways to send money abroad. Which one is better depends on several factors:
Method of receiving money (cash pick up or wire transfer)
Transaction processing speed (how quickly the money reaches the recipient)
Transfer to a bank account
Transfer to a payment card
The majority of money transfer providers allow you to deposit and send money using various payment methods, but not all provide every option. Generally, you'll find banks and credit cards are the most common payment methods, but many providers also accept cash and even deliver your funds directly to your recipient.
Read More: How To Send Money From Bangladesh To The USA
If you wish to avoid paying high fees, you can use an online money transfer company such as to make the transfer.
Sending money to India from Bangladesh using a debit card
Your debit card can be used to send money online to India with this service. However, make sure that you understand all fees involved before submitting an order.
How to send money from Bangladesh to India at the best rate?
Bank wire transfer is one of the most convenient ways to send money from Bangladesh to India. However, convenience often comes at a high cost, as banks apply high fees and use an extremely disadvantageous exchange rate when you sending money abroad. However, it is always worth considering not only the exchange rate but also the provider's fees.
Money transfers cost varies according to the transaction value and the amount you want to send to your recipient in India. When sending money from Bangladesh to India, be aware of the costliest methods. In terms of the service offered by different money transfer providers, speed is one of the most important factors to consider, particularly if you want to send money instantly from Bangladesh to India.
Using a wire transfer to send money from Bangladesh to India
The most common ways to send money to India are bank transfers and international wire transfers because they are secure, reliable, and convenient. However, they often arrive with the slowest delivery times if speed is an important factor to you. If you're comfortable with a 1-2 days delay, you can use a bank or wire transfer for sending money.
By using a bank account transfer to send money to India from Bangladesh, you will be charged a flat fee, a markup on the exchange rate, and sometimes an additional incoming fee. By contrast, using an online money transfer service, you usually pay only a small sender fee and exchange rate markup.
Read More: Diversifying remittance growth
The cheapest way to transfer money from Bangladesh to India
The main rule to follow when you send money from Bangladesh to India is that you should not use a bank SWIFT transfer or resort to the services of the PAYPAL payment system. In both the first and second cases, you will be faced with an unprofitable exchange rate, on which you can lose a significant amount of money. Secondly, bank transfers can usually take 3 to 7 days.
Today, the best conditions can be offered by companies specializing in international online transfers such as TransferWise, Skrill, Payment, etc.