In 2018, Bangladesh ranked on 9th place as a country that receives a high amount of remittances. Also, you might know that Bangladesh is one of the most top populated countries in the world and country ranked in a lower and middle-income country. These are some significant reasons for the migrant to send money to Bangladesh. Now you are here to learn about a perfect way you can have as a Bangladesh expatriate to transfer money to Bangladesh. Let’s have a look at them
- What Goals or Causes a Bangladeshi Migrant to Transfer Money to Bangladesh?
As you read earlier, the main reason for Bangladesh receive high remittances:
- Vast population
- A low or middle-income country
A study shows that more than 80% of Bangladeshi migrant do remittance to Bangladesh for loan repay, household expenses, social benefaction and others. Also, you keep in mind that business isn’t the only reason to send money.
Approximately 50% of the remittances are done for low-income houses. It helps them in challenging circumstances and does betterment for their lifestyle.
Whenever someone tries to top abroad, they must have tale debt from relatives or friends to settle there. Part of the remittances back home are used to offset liabilities and other credit strains. Some of the debts could be historical, taken during times of hardship.
Above two are significant, others are educational expenses, Investments and social contribution.
- Reach The Best Money Transfer Company
ACE Money Transfer is a money transfer company that helps people to send money to Bangladesh in the best possible way. They are assisting migrants from the past 17 years by offering unique features that want to send money to Bangladesh online.
- Send money anytime any day
- Pay low fee
- Get higher exchange rate
- Send Transaction through various ways
- Pay for your Transaction through multiple ways
- Instant transactions to your loved ones
- Get notified for any update
- Track your transfer
It creates an excellent environment for a customer to send money to Bangladesh online. If they need customer service that can help them in any circumstances, they can have their customer support through call, live web chat and email.
How Can You Transfer Money to Bangladesh Online?
- Create an account or register yourself to use website or money transfer app.
- Choose Destination Country means your recipient country.
- From the Pay-out calculator, select pay-out option, i.e. Cash pick-up or bank transfer.
- Preferred Pay-out Partner nearly present to your recipient
- Enter the amount you want to send
- Enter Recipient Info
- Choose Payment Method (e.g. Debit Card, Credit Card or Online Bank Transfer)
- Confirm the details, and you are ready to send money online.
What are the Various Receiving Methods for Bangladesh?
- Cash pick up
- Bank Transfer
Cash pick up helps you send money to an affiliate pay-out location. It is swift and considers it useful for sending not a very large amount for money transfer to Bangladesh online. Your recipient can go and pick the cash from the pay-out location easily.
Bank transfer helps you send money to your recipient bank account directly. It is efficient to transfer a considerable amount to Bangladesh. Your recipient can easily withdraw cash from the Account by going to a bank branch.
Can You Send Money to Bangladesh by Using the Most Convenient Services?
As discussed, Bangladesh has been ranked as the ninth highest recipient of remittances. The country has the annual remittance of $15.9 billion. More and more Bangladeshis are migrating from the country to earn better and support the family members back home. It is no doubt an arduous task to live abroad and work hard day and night to meet the monthly expenditures of the loved ones’ back home. But to some people, the more arduous task is to send money to Bangladesh online using a money transfer company.
Send money to Bangladesh seem you difficult only if you are using a false money transfer service that is wasting both your time and money. We will tell you the most convenient way to send money in this article. After going through you will get to know about:
- The snags of other money transfer services.
- The most convenient way to send money to Bangladesh.
- The splendid features of online money transfer when it’s time to send money online.
- How to use online money transfer service to send money globally
So let’s get started;
Are There Problems in Old Money Transfer Methods?
When you go for other money transfer services such as cheques, mail posts, it has many disadvantages. These money transfer services exist to the date with the following flaws:
- Every month you receive your salary, and you have to travel to the money transfer firm.
- You apply for a money transfer. The process takes time, most of the time you have to attend the firm more than twice a month. Your time is being wasted.
- When the money reached to Bangladesh, a lot of extra dues are attached to it. You have to pay additional transfer fees for every money transfer.
Most of the people adopt this method of remittance service because;
- First, they are unaware of other money transfer services.
- Second, they consider this service as the most secure one, especially for large payments.
But it is not the case; you can set yourself at liberty by using the most convenient money transfer service, i.e. online money transfer service.
Is It the Most Convenient Way to Send Money to Bangladesh?
What if, I introduce you to the method that clears up all the difficulties mentioned above? Most of the people are suffering from such difficult situations because they are unaware of the latest electronic method that is ‘online money transfer’.
Online money transfer is the new way technology introduced by Financial technology helping its users to send money online in the fastest and cheapest way possible. It is the combination of old fashioned wire money transfer and new technology of electronic fund transfer (EFT) requiring internet service for proceeding.
What is the Use of Splendid Features in Online Money Transfer?
Online money transfer service overcome the flaws that are being provided by other money transfer services and helps you to money transfer to Bangladesh online providing the following services
- Fast remittances
- Low transfer fee
- Multiple delivery options
- Several transfer methods
- Multiple pick-up points
- Different modes of transactions
- Worldwide services
- Easy to understand procedures
- Timely service
- Multi-currency transactions
- Reliable and secure service
All these features are for real, and people are using this service all around the globe to send money globally.
The method for online money transfer to Bangladesh is also very convenient, easy and fast.
Can You Complete Money Transfer in No Time?
Here is how an online money transfer service provider works to money transfer to Bangladesh or any other part of the world.
- Online money transfer providers have built websites or provide their customers with the mobile money transfer app, with the full information and facility to send money online.
- Get yourself registered to the firm providing an online money transfer system.
- Provide your information.
- Enter the amount which is to be sent to Bangladesh or any other part of the world.
- Provide recipient information.
- Pay money using multiple methods such as through credit card, debit card or bank transfer.
You and your recipient will shortly get a confirmation message, a call or a mail that your money is being deposited and the money will be transferred to the recipient country in 2–3 business days.
And the best thing is, you can money transfer to Bangladesh or any other part of the world anytime, anywhere without wasting a single minute.
If you were unaware of this conventional service and were using other money transfer services previously then immediately turn towards online remittance as it is assisting its customers with the most reliable, fast, cheap and convenient services. Moreover, go for ACE Money Transfer when sending money online as it is the best platform for money transfer to Bangladesh online.