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You Send
Conversion Amount
You Send
Transaction Fee
Conversion Amount
Conversion Rate  
Recipient Receives
Conversion Amount
Conversion Rate
Recipient Receives

Banks and other providers add a markup and other hidden charges to their exchange rate for sending money abroad. At InstaReM, we make it cost-effective through our Zero-Margin FX rates, low remittance fee, and no hidden charges.

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InstaReM Advantage
Zero-Margin FX Rates
We get you mid-market rates sourced directly from Reuters and add absolutely no margins! We charge a nominal fee.
Easy Transfers
Sign up, verify your account and get transacting. Know the exact amount your recipient will get as you set up your transfer.
Loyalty Points
Earn bonus InstaPoints upon joining and each time you transfer. Redeem them against your transactions.
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Transfer Money To Bangladesh At Zero-Margin Rates

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Send Money To Bangladesh

With around 8 million Bangladeshis having moved overseas in search of better-paying jobs and a good lifestyle, international money transfers to Bangladesh have increased by leaps and bounds. According to a World Bank report, Bangladesh is the ninth-highest receiver of remittances. We understand the importance of being there for your family and friends when you are away from home. And InstaReM is here to help you do just that, even when you are miles away. With InstaReM, individuals, SMEs and corporates overseas can transfer money to anywhere in Bangladesh - anytime.

Our easy sign-up process and affordable charges make money remittance to Bangladesh convenient as well as cost-efficient. We convert your money using mid-market FX rates at Zero-Margin, apply only a nominal fee, and pay out to your recipient from our local bank account in Bangladesh. With our wide network of banks across Bangladesh, you can send money to Dhaka, Khulna, Chittagong, Rangpur or anywhere in between.

At InstaReM, we are committed to giving you FX rates without any added margins and keep your transactions free from hidden markups and undisclosed charges. Due to our Zero-Margin FX rates, low transfer fees and fast transfers, the World Bank has consistently ranked us the No. 1 cost-effective remittance platform from Australia and Singapore to Bangladesh and several other countries across the globe. So all set to remit money to Bangladesh? Just click here.

Frequently Asked Questions
  • Is it safe to send money to Bangladesh through InstaReM?As a FinTech company, InstaReM reports to a number of regulatory bodies globally, and just like banks and other financial institutions, we have preventive measures designed to safeguard your profile against unauthorised access, fraud and money laundering.
  • How much does it cost to send money to Bangladesh through InstaReM?InstaReM uses Zero-Margin FX Rates to transfer your money. With us, you always get the exchange rate you see on Reuters or Google. InstaReM charges a small percentage of the amount sent as fee. For payments from AUD or HKD to BDT, the fee is 0.5%. For payments from SGD to BDT, the fee is 0.25%. For transfers from MYR to BDT, the fee is 0.6%. Please note that the fees are subject to change.
  • How much time does it take to send money to Bangladesh through InstaReM? Typically, InstaReM makes same or next-business-day transfers, 7 days a week. However, some factors that can slow down payment processing are:
    1. Additional information required by InstaReM or recipient bank or financial institution for your security
    2. Payment processing / verifying your bank account
    3. Branch location hours / delivery hours / holidays
    4. Erroneous recipient details
    *Please note that the transfer time may be affected by banking systems and holidays in both the sending and receiving countries. You will receive email notifications as your money transfer progresses through our system. You can track your transfer on the InstaReM website as well as on the app.
  • Which Bangladeshi banks are covered by InstaReM?InstaReM covers all banks in Bangladesh, including Islami Bank Bangladesh Limited, Sonali Bank, Dutch Bangla Bank Limited, HSBC (Bangladesh), State Bank of India (Bangladesh), Habib Bank Limited and Standard Chartered Bank (Bangladesh), among many others.
  • What details are required to send money to Bangladesh?
    1. Name: When sending to individuals in Bangladesh, you need to fill in the beneficiary’s first name and last name.
    2. Address: Beneficiary’s full residential address in Bangladesh.
    3. Account no: Beneficiary’s local account number in Bangladesh.
    4. Beneficiary's Bank Code: You need your beneficiary’s SWIFT-BIC code to make a transfer to Bangladesh.
  • What is SWIFT-BIC Code?Swift Code is a standard format of Bank Identifier Codes (BIC) and it is unique identification code for a particular bank. These codes are used when transferring money between banks, particularly for international wire transfers. Banks also use the codes for exchanging other messages between them.You can find Bangladeshi SWIFT codes here.
  • Can I send money to the bank account of a business based in Bangladesh through InstaReM? Yes. You can use InstaReM for business transfers to Bangladesh.
  • What are the minimum and maximum limits for sending money to Bangladesh through InstaReM?Individuals: The first transaction limit from Australia is AUD 2500. The limit is removed next transaction onwards. From Malaysia, per day transaction limit is MYR 50,000. There is no limit for transactions from Singapore and Hong Kong. Corporates: From Malaysia, per day transaction limit for businesses is MYR 200, 000. There is no limit for transactions from Australia, Singapore and Hong Kong. Please note that InstaReM accepts payments in whole amounts, not decimals. Transactions above USD 10, 000 must be declared to the authorities concerned.
  • Which currencies are available for payout in Bangladesh? We make payouts in BDT and USD only.
  • For what purposes can I send money to Bangladesh through InstaReM?InstaReM service can be availed by any individual (at least 18 years of age) for personal money transfer needs in Bangladesh from four countries. The user will be required to specify the purpose of remittance from a specified list of purposes like:
    1. Family maintenance
    2. Gift to family or friends
    3. Credit into your non-resident deposit accounts in Bangladesh
    4. Payments towards tuition/ hostel fees
    5. Travel services
    6. Home loan repayment (extended by banks)
    7. Insurance premium
    8. Purchase of permissible real estate
    *InstaReM does not support payments for FDI (Foreign Direct Investment) purposes. As per the guidelines by the Bangladesh Bank (Central Bank of Bangladesh), payments for investment purposes are allowed only through banking channels.
  • Does InstaReM support transfers to an email address of a recipient based in Bangladesh?No. InstaReM does not support transfers to an email address in Bangladesh.

You can also transfer money to other countries in

  • Asia
  • Europe
  • Oceania
  • North America
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