Send Money from Singapore to Bangladesh

There is no single cheapest provider on this corridor — it depends on how much you send and how your recipient is paid. Compare the total amount received in Bangladeshi takas rather than the advertised fee, since the exchange rate margin is usually the larger cost. Bank deposit is typically cheaper than cash pickup.

Most transfers on this corridor arrive within one to three business days. Paying by debit card is generally faster than a bank transfer, and transfers initiated outside banking hours may not begin processing until the next working day.

Across the providers we compare, the available payout methods are bank deposit, cash pickup and card payout. The most widely used options in Bangladesh are bKash and Nagad mobile wallets, plus bank deposit. bKash reaches the majority of Bangladeshi households and typically delivers within minutes. Not every provider supports every method, so check the table above before you commit.

No. Remitly and Western Union offer cash pickup in Bangladesh, so your recipient can collect the funds with valid photo ID and the transfer reference number. That said, bKash and Nagad mobile wallets, plus bank deposit generally cost less than cash collection.

Providers rarely give you the mid-market rate — the reference rate you see on Google or Reuters. Instead they add a margin, typically between 0.4% and 4%, and keep the difference. That margin is often larger than the visible transfer fee, which is why a "no fee" service can still be more expensive overall. For SGD to BDT, compare the quoted rate against the mid-market rate to see the real spread you are paying.

Yes, provided you use a licensed provider. Every service listed on this page is regulated in Singapore under the Monetary Authority of Singapore, which requires safeguarding of customer funds and identity verification. Send only to people you know personally, keep your transfer reference private, and be sceptical of anyone pressuring you to send money urgently to someone you have not met.

Yes. Each provider sets its own transfer limits, which vary by how much identity verification you have completed and how you pay. Larger transfers may require additional documentation such as proof of source of funds. For transfers above roughly S$10,000, a specialist foreign-exchange broker will often beat an app on rate.

Two services advertise the same 2.5 percent to the recipient, and neither is being generous. Remitly calls it a cashback incentive and Western Union calls it extra value for receivers; it is Bangladesh's government remittance incentive being passed through. Read it as an uplift on what arrives, not a discount on what you pay — the two do not compare directly, and a service with a higher fee and the uplift can still deliver more taka. Wise states no send amount on this corridor. Its table reads "Sending SGD" where the same hub's Indian, Thai and Pakistani pages read "Sending 1,000 SGD", and the four corridors missing the amount are the four whose currencies Wise flags as less widely used and dynamically charged. The service is available and the rate is real; only the cost is unverifiable from the page, so no Wise figure appears in the table above. Singapore to Bangladesh is a construction-worker corridor: small amounts, sent monthly, on fixed wages. On that shape a first-transfer waiver is worth one month and the standing price is worth every month after, so compare what the second transfer costs rather than the first. Mobile wallet cash-out in Bangladesh can carry a charge applied by the operator rather than the transfer service, and that sits outside every comparison including this one.