How to send money to Bangladesh?
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We have gathered all you need to know to send money to your loved ones in Bangladesh in the most efficient way.
We currently offer a great exchange rate and a 2.5% bonus on your transfer when sending money to Bangladesh!
Send money today to Bangladesh with PayLink – Western Union and benefit from our excellent exchange rate! Furthermore, your recipient will take 2.5% extra money on your transfer, funded by the government of Bangladesh. This incentive has a goal to increase the volume of remittances into Bangladesh, and your loved ones in Bangladesh will benefit from this extra amount of 2.5% simply if you send money through a legal money transfer operator such as PayLink-Western Union.
This applies to all money transfer methods provided by PayLink – Western Union to Bangladesh, either sent directly to a personal Bank Account in Bangladesh or for Cash Pick Up transfers.
What should I do to get the incentive?
All you have to do is to visit a PayLink – Western Union service point or to send your remittance online. The beneficiary does not need to provide any documentation for money transfers up to 500,000 Tk in a single transaction- and the 2.5% incentive will be added directly to the transfer.
For payments over 500,000 Tk, the sender has to provide a copy of his passport and an employment confirmation (letter from employer etc), or if self-employed, a copy of the business license.
The additional documents must be provided within 60 days.
How will the recipient benefit the 2.5% incentive?
For money sent in cash to Bangladesh, the amount of the 2.5% incentive will be paid in cash.
For money sent to a bank account in Bangladesh, 2.5% of the incentive will be paid directly to the recipient’s bank account.
This is applied every time you send money to Bangladesh, so you can send as many times as you want, and on every transaction sent your recipient will be rewarded with 2.5% extra money.
Western Union has the largest network of agents in Bangladesh where your recipient can collect the money:
AB BANK LIMITED
AGRANI BANK LIMITED
BANGLADESH KRISHI BANK
BANGLADESH POST OFFICE
BANK ASIA LIMITED
BRAC BANK LTD.
DHAKA BANK LIMITED
DUTCH BANGLA BANK LTD
SLAMI BANK BANGLADESH LIMITED
JANATA BANK LIMITED
MERCANTILE BANK LIMITED
NATIONAL BANK LTD
NCC BANK LIMITED
PRIME BANK LTD
PUBALI BANK LTD
RUPALI BANK LIMITED
SONALI BANK LIMITED
SOUTHEAST BANK LTD
TRUST BANK LIMITED
UNITED COMMERCIAL BANK LTD
UTTARA BANK LIMITED
Note that you must be a Bangladeshi citizen, working abroad, but not being paid by a government or statutory, autonomous or semi-autonomous body. The initiative also applies to Bangladeshis who are “of Bangladeshi origin but have foreign citizenship for any reason”. Not applicable for money transfers where the sender is not of Bangladeshi nationality.
Send money to your friends and family in Bangladesh today to get the advantage of the 2.5% incentive and share smiles.
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Apart from all the necessary information you need for money transfers to Bangladesh, we have also gathered some additional facts that we bet you will find interesting.
Did you know that Bangladesh did not exist till 1971?
Today’s Bangladesh was part of the Mughal Empire until the arrival of the British Raj. When the Raj ended, the country was divided into two parts based on religion. The first the Hindu part of India and the Muslim rest parts of Bangladesh and Pakistan, both under the same government of Pakistan.
Did you know Bangladesh is an exceptionally highly populated country of almost 160 million people? It is the 8th largest in the world.
Dhaka is the 5th largest city in the world and the most densely inhabited. Based on the World Economic Forum data, there are 45.000 people per square kilometer.
Dhaka’s density is ten times that of Madrid and four times higher than Singapore’s, the 9th city in the same ranking.
The most surprising fact about Bangladesh is that it has the most extended female-led government.
You might be surprised, but Bangladesh has had a female Prime Minister, Sheikha Hasina, since 2009 and is in office for the third consecutive term.
Hasina, however, was not the first female president of Bangladesh. Khaleda Zia was president from 1991 to 1996 and was the second head of state in a Muslim country after Pakistan’s Benazir Bhutto.
Since 1971, Bangladesh has been led by female leaders for 25 years (and still is).
Another unexpected fact about Bangladesh is the Geographic Wealth of the country. Did you know that the longest beach in Asia is found in Bangladesh? Yet, don’t expect to see any bikinis there.
Cox’s Bazar is a beach in the Bay of Bengal, the longest in Asia, the third in the world, and the longest uninterrupted beach. It is 120km long.
It is not a typical Southeast Asian beach, with white powder sand and backpackers, but you will still find plenty of tourism, sunbeds and umbrellas for rent, and many hotels.
However, the country’s Muslim population is very conservative and frowns upon swimming clothing, so you should expect to go in the water fully clothed.
In Bangladesh, we will also find the World’s Largest River, Delta and Mangrove
The Bengal Delta is the largest river delta worldwide. It is fed by two large Himalayan rivers, the Ganges and the Brahmaputra, and a non-Himalayan river, the Meghna, fed by two other large rivers, the Padma and Jamuna.
The of Bengal is home to approximately 130 million people who depend on agriculture for survival.
The delta is also home to the world’s most extensive mangroves, the Sundarbans, a UNESCO World Heritage site covering 10,000 sq. km across Bangladesh and India, 60% falling within Bangladesh.
The interesting facts about Bangladesh continue and do not restrain in cultural topics.
In 2016, the Bangladesh Central Bank was the target of one of the biggest bank heists in recent history.
Hackers attempted to steal roughly US$1 billion in 35 smaller transactions through the SWIFT Network. There are still investigations to find the money.
You probably already know about Bangladesh that many clothing brands worldwide source their products from there, with an estimated 4,000 garment factories currently in operation.
While the industry has raised Bangladesh’s economy and helped empower women, much debate covers its practices and safety standards.
Indeed, in 2013, Rana Plaza crumpled, a complex lodging several garment factories near Dhaka. Over 1,000 factory workers were crushed to death, and another 2,500 workers were injured.
Bangladesh also fronts problems concerning the use of child labor, labor hours, underpayment, and lack of proper safety equipment around dangerous machines.
The above-mentioned explains why Bangladesh is still considered one of the poorest countries in the world, with 31.5% of a population of 161 million people living under the poverty line.
The wealth gap in Bangladesh is also staggering. Data compiled and published by the World Bank show that the most impoverished 20% of the population only controlled.
Sources:
https://wanderwisdom.com/travel-destinations/10-Eye-Opening-Facts-about-Bangladesh
https://www.onceinalifetimejourney.com/inspiration/interesting-facts-about-bangladesh/
Send money to your friends and family in Bangladesh today to get the advantage of the 2.5% incentive and share smiles.
or
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