How to Send Money from Europe to Bangladesh — Cheapest Options 2026
April 24, 2026
|
remittance
send money
bkash
wise
western union
bangladesh
Sending money home is the main reason most Bangladeshi workers go abroad. But choosing the wrong transfer service can cost you thousands of taka every month in fees and bad exchange rates. Here is an honest comparison of every major option in 2026.
The Services Compared:
1. Wise (formerly TransferWise)
Fees: 0.5-1.5% of amount
Exchange rate: Mid-market rate (the best you can get)
Speed: 1-2 business days
Minimum: No minimum
Receive in Bangladesh: Bank account, bKash
Verdict: Best overall value. Lowest total cost. Use this if your family has a bank account.
2. Remitly
Fees: EUR 1.49-3.99 per transfer
Exchange rate: Slightly below mid-market
Speed: Minutes (express) to 3-5 days (economy)
Minimum: EUR 10
Receive in Bangladesh: bKash, Nagad, bank
Verdict: Best for bKash/Nagad delivery. Very fast. Good for regular small amounts.
3. Western Union
Fees: EUR 3-8 per transfer
Exchange rate: 2-4% markup over mid-market
Speed: Minutes (cash pickup) to 1-3 days (bank)
Minimum: Varies
Receive in Bangladesh: Cash pickup, bank, bKash
Verdict: Most locations for cash pickup. But expensive — avoid for large amounts.
4. bKash (direct international receive)
Fees: Varies by sender service
Exchange rate: Depends on the sending service
Speed: Minutes to 1 day
Receive in Bangladesh: bKash wallet directly
Verdict: Convenient if your family primarily uses bKash. But check the total cost including sender fees.
5. Bank Transfer (SWIFT)
Fees: EUR 15-40 per transfer (sender + receiver fees)
Exchange rate: Bank's own rate (usually 3-5% markup)
Speed: 3-5 business days
Minimum: Varies
Receive in Bangladesh: Bank account only
Verdict: Most expensive option. Only use for very large amounts where the flat fee is worth it.
6. Xoom (PayPal)
Fees: EUR 2-5 per transfer
Exchange rate: 1-3% markup
Speed: Minutes to 1 day
Receive in Bangladesh: Bank, bKash, cash pickup
Verdict: Decent middle ground. Good if you already use PayPal.
Real Cost Comparison (sending EUR 500):
- Wise: EUR 500 sent, family receives ~59,500 BDT (fee ~EUR 5)
- Remitly: EUR 500 sent, family receives ~58,800 BDT (fee EUR 2.99)
- Western Union: EUR 500 sent, family receives ~57,000 BDT (fee EUR 5 + rate markup)
- Bank transfer: EUR 500 sent, family receives ~55,500 BDT (fee EUR 25 + rate markup)
Difference between best and worst: ~4,000 BDT per transfer. If you send monthly, that is 48,000 BDT/year wasted on fees.
Money-Saving Tips:
1. Send larger amounts less frequently — flat fees hurt small transfers
2. Compare rates on the day you send — they change daily
3. Use Wise for bank transfers, Remitly for bKash
4. Never use airport money exchange — worst rates
5. Set up recurring transfers to get the best rates
6. Open a Wise multi-currency account — hold EUR and convert when rates are good
Compare all services side-by-side on euro.khansland.com.bd/remittance with live rates and fee calculations.
The Services Compared:
1. Wise (formerly TransferWise)
Fees: 0.5-1.5% of amount
Exchange rate: Mid-market rate (the best you can get)
Speed: 1-2 business days
Minimum: No minimum
Receive in Bangladesh: Bank account, bKash
Verdict: Best overall value. Lowest total cost. Use this if your family has a bank account.
2. Remitly
Fees: EUR 1.49-3.99 per transfer
Exchange rate: Slightly below mid-market
Speed: Minutes (express) to 3-5 days (economy)
Minimum: EUR 10
Receive in Bangladesh: bKash, Nagad, bank
Verdict: Best for bKash/Nagad delivery. Very fast. Good for regular small amounts.
3. Western Union
Fees: EUR 3-8 per transfer
Exchange rate: 2-4% markup over mid-market
Speed: Minutes (cash pickup) to 1-3 days (bank)
Minimum: Varies
Receive in Bangladesh: Cash pickup, bank, bKash
Verdict: Most locations for cash pickup. But expensive — avoid for large amounts.
4. bKash (direct international receive)
Fees: Varies by sender service
Exchange rate: Depends on the sending service
Speed: Minutes to 1 day
Receive in Bangladesh: bKash wallet directly
Verdict: Convenient if your family primarily uses bKash. But check the total cost including sender fees.
5. Bank Transfer (SWIFT)
Fees: EUR 15-40 per transfer (sender + receiver fees)
Exchange rate: Bank's own rate (usually 3-5% markup)
Speed: 3-5 business days
Minimum: Varies
Receive in Bangladesh: Bank account only
Verdict: Most expensive option. Only use for very large amounts where the flat fee is worth it.
6. Xoom (PayPal)
Fees: EUR 2-5 per transfer
Exchange rate: 1-3% markup
Speed: Minutes to 1 day
Receive in Bangladesh: Bank, bKash, cash pickup
Verdict: Decent middle ground. Good if you already use PayPal.
Real Cost Comparison (sending EUR 500):
- Wise: EUR 500 sent, family receives ~59,500 BDT (fee ~EUR 5)
- Remitly: EUR 500 sent, family receives ~58,800 BDT (fee EUR 2.99)
- Western Union: EUR 500 sent, family receives ~57,000 BDT (fee EUR 5 + rate markup)
- Bank transfer: EUR 500 sent, family receives ~55,500 BDT (fee EUR 25 + rate markup)
Difference between best and worst: ~4,000 BDT per transfer. If you send monthly, that is 48,000 BDT/year wasted on fees.
Money-Saving Tips:
1. Send larger amounts less frequently — flat fees hurt small transfers
2. Compare rates on the day you send — they change daily
3. Use Wise for bank transfers, Remitly for bKash
4. Never use airport money exchange — worst rates
5. Set up recurring transfers to get the best rates
6. Open a Wise multi-currency account — hold EUR and convert when rates are good
Compare all services side-by-side on euro.khansland.com.bd/remittance with live rates and fee calculations.
