How to Avoid Hidden Fees on a Money Transfer to Bangladesh

Low Fees, Transparent Rates, Secure Transfers

Sending money from the UK to Bangladesh is common. A lot of families, students, freelancers, and small business owners have to send money like this. But many of them lose some money for no clear reason. They pay hidden fees and the exchange rate is not good.

In this guide, we tell you about the most common hidden fees that you can find when you need to do a money transfer. You will see how to keep away from these fees. We also talk about the best ways to send money to Bangladesh.

What Are the Hidden Costs of Sending Money to Bangladesh?

When you send money to Bangladesh, you may see the fee given to you at first. But there can be more costs, not just the fee. These extra charges can change the total amount that the person in Bangladesh will get in the end.

1. Exchange Rate Markups

Most providers do not offer you the real exchange rate from the middle of the market. They often add extra fees, which can be between 3% and 5%. Because of this, you do not get as much money when you make a transfer.

2. Transfer Fees

Some services want you to pay a set fee. Others take a cut from the money that you send. The cost can be different, depending on how you send the money. You may use a debit card, a bank transfer, or send money from a mobile wallet.

3. Receiving Fees in Bangladesh

Some banks or mobile wallet providers in Bangladesh might take a fee when people get money from overseas. It is a good idea to look into this before sending money. You should check if your person in Bangladesh will have to pay any charges for getting the money. This way, you know what to expect.

4. Card Payment Fees

If you use a credit card instead of a debit card, it can cost you more. There may be extra charges like cash advance fees, interest fees, and some other costs if you use the credit card when you are in another country.

How to Compare Money Transfer Services to Bangladesh

Here’s what to check before sending:

What Is the Best Way to Send Money to Bangladesh?

It depends on what the sender and the person who gets it want. Here are some ways that people often use:

Bank Transfer

• This way is good if you need to send a big amount of money.
• The money will get to the other person in one to three business days.
• There can be higher fees if you send money to a different country.
• It works with major banks in Bangladesh, like Islami Bank Bangladesh, Sonali Bank, and Dutch-Bangla Bank.

Debit Card Transfer

• Get instant or same-day delivery.
• Pay less in fees than you do when you use a credit card.

Mobile Wallets

• This is used a lot in Bangladesh. A few examples are bKash and Nagad.
• It is fast. It is safe. It is also easy to use.

Online Money Transfer Apps

• User-friendly apps give you good rates. They also let you feel in control.
• You can often send money from GBP to BDT right away with them.
• With these apps, you get secure online transactions and can track every step as it happens in real time.

Money Guides

Helping You Borrow Money at the Right Price

Compare Now

Real Example: Cost of Sending £1,000 to Bangladesh

Note: The rates you see here are for June 2025. Always check the live exchange rate before you make a transaction.

Tips to Avoid Hidden Charges When Sending Money to Bangladesh

• It is good to look at the full amount you have to pay, including all the fees and the exchange rate. Do not just look at the fee alone.
• Try to use a debit card or a bank transfer when you send money. Do not use a credit card if you do not have to.
• Pick services that let you see all the costs before you send your money.
• Ask the person you are sending money to if they will need to pay any fees when the money comes in.
• Use calculator tools on the provider’s website or app to check the total price.

Is It Safe to Send Money to Bangladesh?

Yes, if you use a provider that is:

• It is FCA regulated in the UK.
• It uses encryption and checks your ID.
• There is a clear privacy policy for your personal data.
• It keeps secure online transactions safe at every step of the way.

Best Practices for a Secure and Cost-Efficient Transfer

• Always double-check the recipient’s account number, bank account details, or mobile wallet info.
• Use platforms that have two-factor authentication.
• Keep records of all transactions like email confirmations or app logs.
• Use your provider’s mobile app to track things faster.
• Enter the recipient’s name, email address, and any other needed information the right way.

Who Sends Money to Bangladesh from the UK?

• Many migrant workers send money to help their family.
• Students in the UK might send money back home for things like tuition and living costs.
• Freelancers and remote workers can use these ways to get their pay.
• Some small businesses use this to send money to their suppliers in the UK or in other parts of the world.
• UK residents may also send money when they want to invest in property or help pay for care support.

Correct as of 05 June 2025

FAQs – About Money Transfers to Bangladesh

Explore Money Guides

Helping You Borrow Money at the Right Price

Compare Quotes