ACE Money Transfer Review: Send Money to Bangladesh

Updated 5 April 2026

★★★½3.5/5
Best for: First transfer fee-free and competitive rates
Weakest: Brand recognition and pickup network size

Overview

ACE Money Transfer is a UK-based remittance company focused on serving South Asian and African diaspora communities. They offer competitive rates for Bangladesh with a first-transfer-fee-free promotion. ACE supports bank deposits and mobile wallet delivery.

Fees & Exchange Rates

Fees$0 (first transfer) / $2-5 (standard)
Rate TypeCompetitive exchange rates

ACE attracts new customers with a fee-free first transfer. Standard fees are moderate. Exchange rates are generally competitive for the Bangladesh corridor, though not always matching Wise's mid-market rate.

Transfer Speed

FastestSame day
Typical1-2 business days

Most bank transfers arrive within 1-2 business days. Speed depends on the receiving bank and time of transfer.

Delivery Options

Bank depositMobile wallet
  • Bangladesh bank accounts
  • Mobile wallet options

Pros & Cons

Pros

  • +First transfer fee-free
  • +Competitive exchange rates
  • +Focused on South Asian corridor
  • +Growing platform with good reviews
  • +User-friendly interface

Cons

  • Smaller brand, less recognition than WU/Wise
  • Fewer delivery options than larger competitors
  • Limited cash pickup network
  • Less transparent pricing for standard transfers

What Users Say

Trustpilot4.2/5
App Rating4.5/5

ACE Money Transfer users appreciate the competitive rates and fee-free first transfer. The service is especially popular among the South Asian community in the UK. Some users note that while the rates are good, the service lacks the polish and delivery network of larger competitors.

Bangladesh 2.5% Government Incentive

Bangladesh 2.5% government incentive applies to ACE Money Transfer transfers.

Final Verdict

ACE is worth trying for the fee-free first transfer, especially from the UK. Rates are competitive but check against Wise and TapTap Send for ongoing transfers. The smaller network means fewer delivery options.

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