Send money to Bangladesh

2,5% additional cash incentive when you send money to Bangladesh with Small World. Your first transfer is fee-free!

With reference to Bangladesh Bank, FE Circular No. 31 dated: 06/08/2019, we are pleased to inform all our customers that the Government of the People’s Republic of Bangladesh has declared a 2,5% cash incentive on all homebound foreign remittances sent from abroad as of 01 July 2019. Please note that this cash incentive is only applicable for personal money transfers to Bangladesh, and is not applicable for remittances related to business entities or trade.

2,5% of the converted transfer value will be added to your beneficiary in Bangladesh. No legal document is required for a single transaction up to .500,000.00 BDT. For transactions of more than 500,000.00 BDT please see the additional documents below.

FAQ

Bangladesh Bank (Central Bank of Bangladesh) Official policy of giving incentives/cash assistance for all money transfers sent through authorized channels - Start date: 01.07.2019.

Who is the Beneficiary in Bangladesh?

Individuals only (companies won’t be considered for the incentive). What is the incentive? 2,5% (two percent) of the payout amount. To whom will the incentive be paid: to the Sender or the Beneficiary? To your Beneficiary in Bangladesh.

Who will pay the incentive to the Beneficiary?

The Bank where the transaction is going to be paid. Will the Beneficiary get the incentive if the transaction is paid by the non-banking institution in Bangladesh? No. Will the incentive be paid to the Beneficiary in Taka? Yes.

Does the delivery method matter for the incentive?

Yes, only Cash Pick Up and Bank Deposit are eligible delivery methods for the incentives (mobile wallets or airtime won’t be considered). Will the Beneficiary receive the incentive in cash? If the delivery method is Cash Pick Up, the incentive will be paid in cash. If the delivery method is Bank Deposit, the incentive will be added to the Beneficiary’s account. Will incentives be paid to the Beneficiary for each transaction received? Yes.

Does the Sender need to provide any additional documents?

If a single transaction exceeds 150,000.00 BDT, the Sender must provide to Small World the following info/documents: a) their passport number and b) If employed: a copy of the appointment letter issued by the foreign employer OR a copy of the certificate issued by BMET (Bureau of Manpower, Employment, and Training), or if self-employed or engaged in business, a copy of their trade license.

Who qualifies as a sender abroad?

Any Bangladesh citizen working abroad is classed as a “Wage-Earner”, provided they are not paid by the Government or a statutory, autonomous, or semi-autonomous body. The scheme also includes any Bangladesh national who has his/her origin in Bangladesh but, for any reason, has taken foreign nationality.

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How to send money to Bangladesh

Send cash to a pickup location in Bangladesh

Transfer directly to a bank account in Bangladeshi taka

Send mobile airtime in Bangladeshi taka

How long does your money transfer to Bangladesh take?

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How to send money to Bangladesh

1. Join 15 million other customers by registering online

2. Choose who you’re sending money to

3. Decide how you want to send money to Bangladesh

4. Track the status of your money transfer to Bangladesh by downloading our App

Be aware of potential money transfer fraud

At Small World, the safety and security of your money transfer is our top priority. You can find out more about potential scams and how to avoid becoming a victim of fraud by reading our online guides

Even easier to send money to Bangladesh with our App

1. Search ‘Small World’ on the App Store and download

2. Set up your account in 2 minutes

3. Select ‘send money to Bangladesh’

4. Enter the details of the person receiving the transfer

5. All done – use the App to monitor the progress of your money transfer

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