Perhaps you are on a business trip in Bangladesh, and suddenly you remember that you have to send money home to Malaysia for unknown reasons. It’s a good thing that you now have many options in sending money to your loved ones at home.
You don’t need to stress yourself about it, or you need not wait to go home before you can hand the money to the recipient.
It is now perfectly safe to have your money received in days, hours, or even minutes.
Send Money to Malaysia from Bangladesh
First Transfer Free!
- Wise is a very good provider for overseas transfers. The transfers are easy, convenient and secure. The most important thing is that the transfers are also much cheaper than with the bank.
Send money very fast!
- Save up to 90% compared to banks. No hidden costs. Large selection of countries.
First Transfer Free!
- Azimo is a very competent partner for the international transfer. Azimo has a large selection of countries and the transfers are safe and cheap.
How long does it take to transfer money from Bangladesh to Malaysia?
The duration may differ depending on the circumstances. Some reasons include the payment method of the sender then whether you used a bank to transfer the money as some banks may take 1 to 3 banking days to process the transfer. There are options where online sending is used to send money, and this may be the fastest to take.
Sending money to Malaysia from Bangladesh can start from $5 and can go up depending on how much you need to send. Some money sending companies offer discounts, especially for new customers.
- Sending money to Bangladesh from Malaysia may be easier compared to sending money from Bangladesh to Malaysia since some money transfer companies may not send money outside the country, but they may accept remittances from other countries.
- Other money-sending agencies are allowed though, but just a few.
- Thus, you may need to double-check as the rules and regulations are easing up on some money transfer providers in the said country.
Send money from Bangladesh to Malaysia with the bank
There are major banks in Bangladesh that can help with your money sending woes. Some banks are well-known and have their presence in different countries as well, and that includes Malaysia.
Make sure you have the right account number of the person you wish to send money to and have the correct information cause you won’t be able to process sending the money if you don’t have the correct information.
Transfer money to Malaysia with a money transfer provider
There is an online app where you can send money in minutes. If the receiver has the same app, you can send the money through there, and they receive the money within the day. Some can even take just a few hours.
However, there are big sending fees that you need to be aware of. This is convenient and fast, but the rate may be something you need to take a look into.
Another is a money sending agency that has a different location worldwide. You will send money to your recipient in Malaysia, and they need to pick up the money in any agent location in the said country where they need to present their ID and the reference number plus the information of the sender.
One other way for them to get the money is if it will be deposited directly into their bank account.
Some recipients prefer to receive the money from their bank account since they don’t have to go to any agent location. By receiving their money in the bank account, they don’t need to fill out forms to pick up the money. For those who don’t have a bank account, they need to get the money via an agent’s location.
Going to Bangladesh either for business or pleasure is easy and sending money from there is also possible nowadays. You only need to choose the best option available for your money sending needs.
If you have found a company that can service your money sending needs and will give you a fair charge for their money sending fees then you should stick to the said company as there are other money sending provider that will cost you more while giving you a lower exchange rate at the same time.