Question 1

What is the best way to send money from UK to Bangladesh?

Accepted Answer

Today, Remitly delivers the highest amount — ৳1,66,555 for every £1,000 sent, at a rate of 166.7200 BDT per GBP. Compare every provider's true cost (rate plus fee) above before deciding.

Question 2

What is today's GBP to BDT exchange rate?

Accepted Answer

The mid-market rate right now is approximately 1 GBP = 166.5710 BDT. This is the rate banks use among themselves — providers add a margin on top, which is why the rate you actually get is lower.

Question 3

How much does it cost to send £1,000 to Bangladesh?

Accepted Answer

Costs vary significantly. The best provider (Remitly) gives you ৳1,66,555 after fees. The worst (Xoom) only gives you ৳1,63,109. That's a difference of ৳3,446 on a single £1,000 transfer.

Question 4

How long do transfers take?

Accepted Answer

Speed varies by provider and payment method. Remitly typically completes in minutes. Cash pickup networks like MoneyGram, Western Union and Xoom are usually fastest (minutes). Bank wires and ACH transfers can take 1–3 business days.

Question 5

Are there taxes on sending money to Bangladesh?

Accepted Answer

In most cases, sending money internationally is not taxable for the sender. However, large transfers (typically over $10,000 USD or equivalent) may require reporting to financial authorities such as FinCEN in the US or HMRC in the UK. The recipient country may have its own rules. Always check with a tax professional for your situation.

Provider	Fee	Rate	Recipient gets	Speed
1 RemitlyBest value	GBP 0.99	166.72	৳1,66,555	Minutes	Send
2 Western Union	GBP 2.99	166.48	৳1,65,985	Minutes	Send
3 Wise	GBP 8.93	166.57	৳1,65,084	Within hours	Send
4 Instarem	Free	164.94	৳1,64,938	Same day	Send
5 Skrill	Free	164.84	৳1,64,840	Same day	Send
6 Xoom	Free	163.11	৳1,63,109	Minutes	Send

Send Money from UK to Bangladesh — Best GBP/BDT Rates

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