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How to Choose the Best Banks and Services for Money Transfers from UAE to Bangladesh

  • Gulf Trick

When transferring money from the UAE to Bangladesh, selecting the right bank or service is essential for cost efficiency, speed, and convenience.

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Here are some of the top banks and services for money transfers:

Best Banks for Money Transfer

  1. Commercial Bank of Dubai (CBD)
    • Offers instant transfers to major Bangladeshi banks such as Dutch-Bangla Bank, BRAC Bank, and Eastern Bank.
    • Provides free transfers depending on account type, with charges starting at AED 10.50 for personal accounts.
    • Supports cash pickup and wallet transfers in Bangladesh.
  2. Emirates NBD
    • Features the DirectRemit service, allowing instant transfers to several countries without charges.
    • Transfers can be initiated via online and mobile banking for expatriate convenience.
  1. Mashreq Bank
    • Offers QuickRemit Swift Transfers through online banking, mobile apps, ATMs, or branches.
    • Reliable for sending funds internationally, including to Bangladesh.
  1. Emirates Islamic Bank
    • Allows money transfers in any remitting currency via Swift, with limits up to AED 300,000.
    • Transfers can be made through online and mobile banking channels.
  2. Abu Dhabi Commercial Bank (ADCB)
    • Provides money transfer services in over 30 currencies with instant and same-day transfers.
    • Transfers can be executed via the ADCB Mobile Banking App and Personal Internet Banking.

Other Reliable Money Transfer Services

  • Wise (formerly TransferWise)
    • Supports various payment methods, including bank transfers and debit/credit cards.
    • Known for low fees and transparent exchange rates, offering a multi-currency account for faster transfers.
  • Western Union
    • Offers multiple sending options: online, in-person, or via mobile app.
    • Transfers can be sent directly to bank accounts, cash pickup locations, or mobile wallets in Bangladesh, with competitive fees starting from AED 15 online.
  • Al Ansari Exchange
    • A trusted exchange house with over 50 years of experience, providing quick transfers to Bangladesh through more than 260 branches across the UAE.
    • Features a seamless registration process and mobile app for easy transfers.
  • Xoom (a PayPal service)
    • Enables fast transfers to major banks and cash pickup locations in Bangladesh, known for its ease of use and quick delivery times.

Choosing the best option depends on your priorities, such as speed, cost, and convenience. For instant transfers, the Commercial Bank of Dubai and Al Ansari Exchange are excellent choices.

For low-cost online transfers, Wise is highly recommended, while Western Union offers flexibility with multiple payout options.

This variety ensures that expatriates in the UAE can find a suitable and reliable method for sending money to Bangladesh efficiently.

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