Send Money To Bangladesh
11 source corridors · World Bank RPW · BD
Cheapest Ways to Send Money to Bangladesh
Largest Inflows to Bangladesh
Nearby Inbound Corridors to Bangladesh
Top source countries by annual remittance volume into Bangladesh — the most active peer routes to the same receiving market.
All Corridors to Bangladesh
| From | Avg Cost |
|---|---|
| United Arab Emirates | 3.90% |
| Saudi Arabia | 4.00% |
| United States | 4.20% |
| United Kingdom | 4.40% |
| Kuwait | 2.42% |
| Malaysia | 4.00% |
| India | 0.54% |
| Singapore | 1.97% |
| Italy | 2.19% |
| Bahrain | 3.84% |
| Qatar | 4.31% |
Remittance Guides
Related Resources
Data source: Source: World Bank Remittance Prices Worldwide (RPW) Database, quarterly release. Costs represent percentage of a $200 transfer amount.
Methodology reference: Source: UN Sustainable Development Goal 10.c target — reduce remittance transaction costs to below 3% by 2030. Always verify current rates directly with service providers before sending money.
Receiving Money In Bangladesh: What the Data Shows
The World Bank Remittance Prices Worldwide database tracks 11 inbound corridors into Bangladesh, with an average transfer cost of N/A across the full panel. Corridor-level averages move quarter to quarter; use the table above to compare specific source countries. In aggregate, Bangladesh pulls in roughly $27.5B in remittances each year from RPW-tracked corridors — a figure that for many receiving economies exceeds foreign direct investment and official development aid combined.
The three cheapest inbound corridors to Bangladesh right now are from United Arab Emirates at 1.00% via Al Ansari, United Kingdom at 1.00% via Remitly, Saudi Arabia at 1.10% via Al Rajhi. These are the floor prices — the lowest rate any tracked provider currently quotes on a $200 transfer into Bangladesh, inclusive of both the service fee and the exchange-rate margin. For recipients, the practical implication is that the choice of payout method matters: bank deposit and mobile wallet payouts typically carry lower all-in costs than cash pickup at agent locations, because agent networks pass their overhead to the sender as higher fees.
The largest inflows into Bangladesh come from United Arab Emirates ($4.5B/yr), Saudi Arabia ($3.8B/yr), United States ($3.2B/yr). These high-volume corridors are where cost reductions matter most in dollar terms: a single-percentage-point decline on a multi-billion-dollar flow returns tens of millions of dollars annually to households using the money for food, rent, education, and small-business capital. The UN SDG 10.c target calls for average remittance costs to fall to 3% or below by 2030, and the corridors that have moved fastest toward that benchmark are those where digital fintech providers compete with banks and legacy money-transfer operators. For senders pointing money toward Bangladesh, the key action is to compare the cheapest provider on the specific corridor rather than defaulting to a household brand — the price dispersion within a single corridor is often larger than the difference between the cheapest and most expensive corridors.
Frequently Asked Questions
How much money is sent to Bangladesh each year?
Bangladesh receives approximately $27.5B in remittances annually, based on World Bank data. These inflows arrive from 11 tracked source countries, with an average inbound transfer cost of N/A. Remittances are a significant source of foreign income for many receiving countries.
What is the cheapest way to receive money in Bangladesh?
The cheapest way to receive money in Bangladesh depends on the source country. Based on World Bank RPW data, the most affordable inbound corridors are from United Arab Emirates, United Kingdom, Saudi Arabia, with costs as low as 1.00%. Recipients generally benefit from digital payout methods (mobile wallets, bank deposits) rather than cash pickups, which can carry higher fees. Always compare options directly with transfer services.
How have remittance costs to Bangladesh changed over time?
The World Bank Remittance Prices Worldwide database has tracked transfer costs to Bangladesh since 2011. Globally, remittance costs have declined significantly over this period due to increased competition from digital providers, though progress varies by corridor. The UN SDG 10.c target is to reduce costs to 3% or below by 2030. The current average inbound cost for Bangladesh is N/A, compared to the global average of approximately 6.4%.
What payout methods are available for receiving money in Bangladesh?
Recipients in Bangladesh can typically receive money through bank deposit, mobile wallet, or cash pickup at an agent location, depending on the provider and corridor. Mobile wallet payouts have grown rapidly in many markets and often offer the fastest delivery. Cash pickup remains important in regions with lower banking access. The best payout method depends on the recipient's access to financial services and the specific transfer corridor.
How important are remittances to Bangladesh's economy?
Bangladesh receives approximately $27.5B in remittances annually from 11 source countries. Remittances often exceed foreign direct investment and official development aid in receiving countries, funding household consumption, education, healthcare, and small business investment. Reducing transfer costs even by 1 percentage point can free billions of additional dollars for recipient families.
Source: World Bank, Remittance Prices Worldwide (RPW) Database (2011-2024) World Bank, Remittance Prices Worldwide (RPW) Database (2011-2024)
Read our methodology — how this data is sourced, computed, and verified.