The 10 Best Money Transfer Services from Canada to Bangladesh

At present, a large number of Bangladeshi people have been working in Canada. Besides, many Bangladeshis come to this country for higher studies. Canada has become popular among Bangladeshis. So, Bangladeshi immigrants in Canada have a great demand for money transfer services that will let them send money from Canada to Bangladesh.

People usually use some ways for overseas money transfers. Some popular ways are bank transfers, money transfer agencies, international prepaid debit cards, and cryptocurrency. However, cryptocurrency is not legal in Bangladesh. So, we discourage you from using any services related to cryptocurrency. Using money transfer agencies might be an ideal choice for overseas money transfers.

You can send money to various Bangladeshi bank accounts including Dutch-Bangla Bank, Sonali Bank, and Agrani Bank. Also, money transfer services allow you to send money to mobile wallets including bKash and Nagad. We have checked a large number of money transfer services. In this article, we are going to introduce you to some best-regarded money transfer services. So, stay tuned with us.

Here is a list of the 10 best money transfer services from Canada to Bangladesh

01. Wise

Wise was known as TransferWise formerly. Nowadays, it is one of the most transparent payment gateways all over the world. It is a popular choice among individuals and businesses. But small businesses prefer it most. It has paved the way to send remittances worldwide.

Wise has an anti-fraud prevention system that ensures advanced data protection. It provides outstanding customer support. You can reach them by making a direct phone call.
Cost: 5.20 CAD + 0.76% of the amount you convert
Transfer Limit: 9,500 CAD per day and 30,000 CAD per week
Completion: Within 1-2 business days

02. Remitly

Remitly has recently become an effective and seamless way of money transfer from Canada to Bangladesh. This platform is highly recommended. You can send money to Asia, Europe, Africa, Latin America, and more by using this platform.

The platform is popular due to its effectiveness and user-friendliness. Remitly gives a 100% customer satisfaction guarantee.
Cost: Between 0.5% and 1% of the amount you convert
Transfer Limit: 2,999 CAD per day and 10,000 CAD per month
Completion: Within 1-2 business days

03. WorldRemit

WorldRemit is a popular service that allows you to send money from Canada to Bangladesh. The service is available in over 50 countries and it lets the clients send money to over 120 destinations.

The partner Banks of WorldRemit in Bangladesh are Islami Bank Bangladesh Limited, BRAC Bank, City Bank Limited, Bank Asia Limited, and Agrani Bank Limited.
Cost: Between 0.5% and 1% of the amount you convert
Transfer Limit: 9,500 CAD per day and 30,000 CAD per week
Completion: Within 2-4 days

04. MoneyGram

MoneyGram is another well-known money transfer service in Canada. It is available in over 200 countries. Besides, it has more than 350,000 agent locations. It is considered the second-largest overseas money transfer agency after Western Union.

MoneyGram has special rewards programs for its customers. Besides, transactions are easier on this money transfer channel.
Cost: Between 1% and 3% of the amount you convert
Transfer Limit: 5,000 CAD per day and 10,000 CAD per month
Completion: Within 1-2 business days

05. Xoom

Xoom is another well-known international money transfer service. It is a great alternative to PayPal around 250 million people have been using Xoom globally. The Xoom app has made it easier to send money to Bangladesh from any foreign country.

The app lets its users log in with a biometric system. You can use it for sending money to mobile wallets, Bank Deposit, and Cash pickup.
Cost: Between 0.5% and 1% of the amount you convert
Transfer Limit: 2,999 CAD per day and 10,000 CAD per month
Completion: Within 1-2 business days

06. Taptap Send

Taptap Send is another well-known money transfer service in Canada. You can send money to Bangladesh through the Taptap app. It gives a hassle-free experience. It is best suited for freelancing payment.

If you have done something wrong, they have a refund option. But this option is available only for bank transfers. They can do nothing if you send money to the wrong bKash number.
Cost: Between 0.5% and 1% of the amount you convert
Transfer Limit: 9,500 CAD per day and 30,000 CAD per week
Completion: Within 1-2 business days

07. Instarem

Instarem is a fast and affordable money transfer service in Canada. They are best known for their bank-beating rates. Besides, they charge low transaction fees. Their transparent pricing has made them popular.

It is safe to send money from Canada by using the Instarem service.
Cost: Between 0.4% and 1% of the amount you convert (No hidden charge)
Transfer Limit: 9,500 CAD per day and 30,000 CAD per week
Completion: Within 1-2 business days

08. Remitbee

Remitbee is a fast and secure money transfer service available in Canada. By using this service, you can easily send money from Canada to Bangladesh. It is highly suggestable. Though it is comparatively new in the market, thousands of Canadians have found it reliable. Since its inception in 2015, Remitbee has won the hearts of millions of Canadians.

You can send money to several Bank accounts including Sonali Bank, Grameen Bank, Janata Bank Limited, BRAC Bank, Dutch-Bangla Bank, and more.
Cost: Between 0% and 0.19% of the amount you convert
Transfer Limit: 9,500 CAD per day and 30,000 CAD per week
Completion: Within 1-2 business days

09. ACE Money Transfe

ACE Money Transfer is a well-known money transfer service in Canada. It stands out for its quick and affordable services. It allows you to send money from 28 countries and receive it from 100 countries.

To get started, you just need to create an online account. The ACE team is dedicated to ensuring 24/7 customer support. Besides, they offer unrivaled exchange rates.
Cost: Between 0.5% and 1% of the amount you convert
Transfer Limit: 9,500 CAD per day and 30,000 CAD per week
Completion: Within 1-2 business days

10. Panda Remit

Panda Remit is a well-known online payment gateway in Canada. Say goodbye to conventional Bank transfers. It is one of the cheapest options for cross-border remittance. Besides, it ensures a 100% security guarantee.

If you use Panda Remit, you are bound to be its loyal user. The service is available in more than 30 countries. At present, over 1 million users are using Panda Remit.
Cost: Between 0.9% and 2% of the amount you convert
Transfer Limit: 5,000 CAD per day and 10,000 CAD per month
Completion: Within 1-3 business days

Final Words

Here we have compiled a list of some top money transfer services that allow you to send money from Canada to Bangladesh. You can use one of them as per your choice. But we suggest that you consider the transaction cost as well as the exchange rate.

It will ensure you a great money-transferring experience. We have made this list based on customer reviews from different online sources. So, your choice might be different to meet different requirements.