Sending money to Bangladesh? The government’s 2,5% incentive is here to help you.

12 Jan 2022 - Category: Blog /
money transfers to Bangladesh

Great news if you’re sending money to Bangladesh with Small World. The Bangladeshi government has decided to increase the 2% incentive to 2.5% on money sent home by Bangladeshis abroad.

The government is doing this to encourage people to help their families and support their loved ones as well as promote money transfers via legal channels.

Below we have collected a list of frequently asked questions, so you can quickly find valuable information and help.

What is the 2.5% incentive for Bangladesh, and what does it mean to me?

As a way to motivate more Bangladeshis abroad to send money back, the government has agreed to provide 2.5% extra on any payout amount you send over. You must be of Bangladeshi origin, a national of the country, to get the extra 2.5% amount on your transfer to your family. You can live abroad and have another nationality, but if you’re not a Bangladeshi national, the incentive is not applicable.

The initiative is only added to your money transfer if you’re sending money to a personal bank account in Bangladesh or collecting money in cash or delivering it to Mobile Wallet. The beneficiary’s bank processing transaction will add the extra 2.5% from the government. This is not applicable for transfers to companies, only individuals in Bangladesh.

Is there any limit for me on the receiving amount in order to get 2.5% extra incentive?

No, there is no limit, however, if receiving amount exceeds 500,000 Bangladeshi takas in a single transaction, additional documents are required to claim the incentive (please, note, that you can collect a maximum of 500,000.00 taka in Cash in a single transaction).

What delivery methods are applicable for 2.5% incentive?

The delivery methods where the 2.5% is added includes Cash Pick Up, Instant Bank Deposit and Mobile Wallet.

How will the 2.5% incentive be paid to the Beneficiary depending on the delivery method Sender has chosen?

  • If you collect money in cash (delivery method: Cash Pick Up), the transfer and the incentive will be paid out in cash.
  • If money is delivered to the account (delivery method: Bank Deposit), the transfer and the incentive will be paid directly to your beneficiary's bank account.
  • If money delivered to Mobile wallet (delivery Method: Mobile Wallet), the transfer and the incentive will be paid directly to your beneficiary’s mobile wallet account.

Do I get 2.5% extra or every transaction or only the first transfer?

The person you’re sending money to gets 2.5% extra money transferred for every transaction. So, for example, if you’re sending money every month to your family back home, they will receive the added 2.5% to every transaction they receive.

What documents must be provided by the beneficiary in Bangladesh to receive the incentive?

If a single transaction does not exceed 500,000.00 Taka, no additional documents are required for the Beneficiary. If it does (in case of Bank Deposit as the Delivery Method), Beneficiary must provide either a National ID, Passport or Birth Certificate Number to the Beneficiary’s Bank to identify himself/herself along with copies of two different valid types of Sender’s ID.

How quickly must additional documention be delivered to the Beneficiary’s Bank (in case if a single transaction exceeds 500,000.00 Taka) and is there any deadlines to follow?

The additional documents must be provided within 60 days. You can use your passport or any other ID issued by local government is also accepted, e.g. driving licence, ID card etc.

What additional documents must be provided by the Sender to Small World if a single transaction exceeds 500,000.00 Taka and Sender would like Beneficiary to claim 2.5% incentive?

To get the 2.5% incentive added to transfers over BDT 500,000, Sender must provide:

  • 1) A copy of your passport
  • 2a) If employed, a letter confirming your employment


  • 2b) If self-employed, a copy of a trade license for your business.

If the amount is over 500,000 BDT Takas, the person you send money to will need to submit a copy of your passport and confirm your employment to the Beneficiary Bank within 60 days since the transaction was received by the Beneficiary Bank.

If Sender/Beneficiary has no intention to claim 2.5% incentive for transactions above 500,000.00 BDT from the Beneficiary Bank, do they need to provide any additional documents the same?

No, they don’t.

What banks can I send money to Bangladesh with Small World and get the incentive?

You can send money to any bank using Bank deposit.

You can also send money for cash pick-up to the following banks:

  • Al-Arafah Islami Bank
  • Agrani Bank Limited
  • Bank Asia Limited
  • Dutch-Bangla Bank
  • Islami Bank
  • Janata Bank
  • National Bank Limited
  • SBAC Bank Limited
  • Social Islami Bank
  • Southeast Bank Limited
  • Rupali Bank
  • Union Bank Limited
  • Uttara Bank Limited

What Mobile Wallets in Bangladesh can I send money to and get 2.5% incentive?

You can send money to Mobile Wallets with Rocket and BKash.

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