Send money to Bangladesh from Canada at best rates

Highest remittance rate for converting Canada Dollar to Taka is 1 CAD = 62.23 BDT

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Best way to send money to Bangladesh

The remittance industry is experiencing significant growth as many expats send money back to their family. They want that their money will be transferred in safe mode at high exchange rates and low transfer fees. The same is asked by the migrants from Bangladesh living in Canada who sends approximately 80 million every year to Bangladesh. They always have few questions to us “which is the best way to send money to Bangladesh”, “which is the cheapest way to send money to Bangladesh”, “are money remittance companies safe”, can I send money via Western Union to Bangladesh”, “how to send money to Bangladesh from bank account or mobile”, etc. So, here we are providing you with the answer to every question related to your money transfer to Bangladesh and help in comparing the best money transfer companies to send money to Bangladesh online.

Please find the list of companies below in a sorted order which are providing the best money transfer services with the highest exchange rates and low fee.

Country Guide - Bangladesh

Mid Market Rate

63.56

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Mid Market Rate

63.56

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Sort By:
BEST VALUE FASTEST
Pay-In
Pay-Out
You Pay (Includes Fee $ 5.93) $ 500
Receiving Amount
ó 31481.5475
Realized Exchange Rate
62.23
transferwise CAD to BDT Exchange Rate
63.7188
Best Value

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Transfer Time : 3-5 Days
Transferwise is a one of the safest & leading money transfer service provider for sending money from Canada to Bangladesh for sending amount 500. Today’s Transferwise exchange rate for sending money from CAD to BDT is 63.7188 with a $ 5.93 fee. Based on the Exchange Rate IQ calculations it offers the Best Value for your money transfer. The realized exchange rate after considering the fees is 62.23. The pay in options available are Bank, Creditcard, Debitcard, also you can receive money using Bank, at multiple Transferwise partner locations. The transfer time usually range between 3-5 Days. For more detailed review of Transferwise click here
Pay-In
Pay-Out
You Pay (Includes Fee $ 8.99) $ 508.99
Receiving Amount
ó 31235
Realized Exchange Rate
61.37
remitly CAD to BDT Exchange Rate
62.47
1.38% vs Best Value

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Transfer Time : 3-5 Days
Remitly is a one of the safest & leading money transfer service provider for sending money from Canada to Bangladesh for sending amount 500. Today’s Remitly exchange rate for sending money from CAD to BDT is 62.47 with a $ 8.99 fee. Based on the Exchange Rate IQ calculations it offers 1.38% less than the best value for your money transfer. The realized exchange rate after considering the fees is 61.37. The pay in options available are Creditcard, Debitcard, also you can receive money using Bank, at multiple Remitly partner locations. The transfer time usually range between 3-5 Days. For more detailed review of Remitly click here

More Available Options

You can check rates of some more providers that may support your country
WorldRemit is an online money transfer service that provides international remittance services to expatriates and migrant workers
Western Union is an American financial services company which offer money remittance to more than 200 countries across the globe.
With Xendpay you get the best deal and make a big difference with every transfer
Travelex is a money remittance company which is specially known for providing effective services to travelers across the world. People can transfer money online, use its money card and get currency exchanged at its stores. 
Money2anywhere is a product of UAE Exchange LLC Ltd which has its presence in more than 30 countries with over 150 correspondent banking relationships.
There are more than 200 countries you can send to using MoneyGram. Fees vary depending on where you are sending, how much, and how you are paying

Exchange Rate IQ Summary for Money Transfer From Canada to Bangladesh

  • Which is the best option available to send money from Canada to Bangladesh after comparison?
  • With our real-time comparison on sending money from Canada to Bangladesh ,
      we have found Transferwise remittance services who are providing competitive exchange rates.
  • Top 1 companies are - ( Transferwise, 62.23 ) .
  • To remit money in the bank account of Bangladesh, best companies is ( Transferwise, 62.23 ).
  • Current money transfer offeres/promotions are available with money transfer services.
  • For quick money transfer from Canada to Bangladesh with agent service is Transferwise with exchange rate 62.23.
  • Available pay in when sending money from Canada to Bangladesh Bank, Creditcard, Debitcard.
  • Available pay out when sending money from Canada to Bangladesh Bank.
  • Other options to transfer money from Canada to Bangladesh are Worldremit, Westernunion, Xendpay, Travelex, Money2anywhere, Moneygram .
  • The comparison result was last updated on Sep 15, 2019.
  • For the latest comparison result of Canada to Bangladesh, Please visit ExchangeRate IQ regularly.

Which is the cheap way to send money to Bangladesh from Canada?

There are multiple options to send money to Bangladesh from Canada but you should select the one which suits you the best. 3 options to transfer CAD to Bangladesh through bank account are:

WorldRemit: The company will take approximately 2-3 days to transfer money to Bangladesh. It is a trusted and safe mode to send money to Bangladesh.

Transfast: It offers the same day credit of money in an account with low fees and competitive exchange rates.

TransferWise: It takes 3-5 business days to transfer money from Canada to Bangladesh at the best prices available and low transfer fees compared to banks.

2 Cheap ways for cash pickup in Bangladesh at agent location

WorldRemit: The company offers cash pickup services in Bangladesh through Dutch-Bangla Bank, Brac Bank, Social Islami Bank and Xpress Money Network. The cash can be collected within an hour of and the recipient needs to take a government-issued ID as well as transaction number.

Transfast: It is also offering its cash pickup services in Bangladesh with the local agents, where you can get the money within a few hours of transfer from Canada.

Mobile Money Transfer

WorldRemit is offering mobile money transfer and airtime top-up services in Bangladesh from Canada so you can transfer money to Rocket Mobile Money Account or bKash Mobile Money.

Other than these companies, XE Money Transfer, Western Union and MoneyGram also offer bank account transfer to Bangladesh from Canada. Besides this, Western Union and MoneyGram also offer cash pickup services as they have agents in Bangladesh. These companies offer high transfer fees for sending money to Bangladesh via cash pickup.

FAQ's

How to send money to Bangladesh from Canada?

If you want to send money to Bangladesh, then money transfer companies are offering the best exchange rates and low transfer fees. They also offer instant transfers and bank account transfer, so that you and your recipient get the amount on time, without any difficulty. Some of the best ways to send money to Bangladesh are:

Bank account transfer: These transfers take approximately 3-5 days and considered most suitable when there is no emergency by the end of the recipient as well as when the sender wants to select the most effective and cheap way to send money to Bangladesh. This is the safest way to transfer money, which you can send directly through the bank or with the help of money transfer companies.

Cash Pickup: This is the instant mode of transfer with a higher transfer fee. You need to pay more to the agents and this shall be considered the most when the recipient has an emergency and is in the need of money on an urgent basis.

Online transfer: The companies also offer online transfer payments, where the money will be reached to the recipient in his bank account directly within 3-5 working days.

Mobile Money Transfer: In this payment method, the money will be received by the recipient in the mobile wallet which can be further use for any purpose such as bill payments, bookings, tickets, etc.

Demand Drafts or Cheques: You can also send demand drafts and foreign cheques to the recipient which he can encash at the bank whenever require before expiry.

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Can I transfer money via Western Union to Bangladesh from Canada?

Yes, you can transfer money to Bangladesh from Canada via Western Union. You can select either bank account transfer or cash pick up services to Bangladesh from Canada.

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Which is the easy way to send money to Bangladesh from Canada?

The easiest way to send money to Bangladesh from Canada is online transfer or bank-to-bank transfer using the services of money transfer companies. This amount will reach the recipient with 3-5 working days and also incur low transfer fees for the sender.

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Do the recipient needs to pay tax on receiving money in Bangladesh from Canada?

No, the recipients need not pay any tax on receiving money to Bangladesh. But the sender in Canada could not send more than $10,000 and if they do so, they need to inform the government.

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Historical Mid Market Exchange Rate From Canada Dollar (CAD) to Taka (BDT) (Weekly)

Current Exchange Rate(Mid Market) :- 63.56 BDT/CAD

Mid-market Rate is a currency exchange rate. Usually traders in currency exchange market have two exchange rates -
  • Selling exchange rate - at which sellers are willing to sell a particular currency and
  • Buying exchange rate - at which buyers are willing to buy a particular currency.
Mid-market rate is the mid-point of these two rates. This is the most transparent and the most accurate exchange rate. It is also known as “Interbank Rate” or “Spot Rate” or “Real Exchange Rate”. This is the rate which independent sources like Reuter, Google etc show.

Compare Currency Conversion CAD To BDT

Send Canada Dollar To BANGLADESH Receive Taka
1 CAD TO BDT 63.56
50 CAD TO BDT 3178
100 CAD TO BDT 6356
250 CAD TO BDT 15890
500 CAD TO BDT 31780
1000 CAD TO BDT 63560
5000 CAD TO BDT 317800
10000 CAD TO BDT 635600
Receive Taka Send Canada Dollar To BANGLADESH
1 BDT FROM CAD --
50 BDT FROM CAD --
100 BDT FROM CAD --
250 BDT FROM CAD --
500 BDT FROM CAD --
1000 BDT FROM CAD --
5000 BDT FROM CAD --
10000 BDT FROM CAD --

Click To Compare Money Transfer Services For The Following

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