MoneyGram Review: Send Money to Bangladesh

Updated 5 April 2026

★★★½☆3.7/5
Best for: Cash pickup and bKash delivery
Weakest: Value for money (exchange rate markup)

Overview

MoneyGram is the world's second-largest money transfer company, trusted by over 40 million users. For Bangladesh, they offer bank deposits, bKash mobile wallet, and cash pickup. The app has a 4.9-star rating on iOS. While widely accessible, exchange rates include a noticeable markup.

Fees & Exchange Rates

Fees$1.59 - $5.99+ depending on amount and method
Rate TypeMid-market rate with markup (-0.12% to 4.67%)

MoneyGram charges a transfer fee plus an exchange rate markup. According to World Bank data, the fee is around $5.99 with a 4.67% exchange rate margin for US to Bangladesh transfers. Online transfers are cheaper than agent locations.

Transfer Speed

FastestMinutes (cash pickup)
Typical1-2 business days (bank deposit)

Cash pickup is available within minutes at agent locations. Bank deposits can take up to 2 business days. bKash transfers are typically same-day.

Delivery Options

Cash pickupBank depositbKash
  • ✓Agent locations across Bangladesh
  • ✓Bank account deposits
  • ✓bKash mobile wallet

Pros & Cons

Pros

  • +Large cash pickup network globally
  • +bKash integration for mobile delivery
  • +Highly rated mobile app (4.9 stars)
  • +Fast cash pickup (minutes)
  • +2.5% government incentive included
  • +Well-known trusted brand

Cons

  • −Higher exchange rate markup than digital competitors
  • −Transfer fees can be significant for smaller amounts
  • −Agent locations in Bangladesh fewer than Western Union
  • −Better value options exist for bank transfers

What Users Say

Trustpilot3.5/5 (8,000+ reviews)
App Rating4.9/5 on App Store

Users appreciate MoneyGram for its cash pickup reliability and bKash integration. The app has improved significantly. Negative reviews often mention exchange rate concerns and customer service experiences. For Bangladesh specifically, users note it's convenient but not the cheapest.

Bangladesh 2.5% Government Incentive

Bangladesh government 2.5% cash incentive is automatically added to all MoneyGram transfers to Bangladesh — at no extra cost to sender or receiver.

Final Verdict

MoneyGram works well for cash pickup and bKash delivery to Bangladesh. However, for pure value, digital-first services like Wise and TapTap Send offer better exchange rates. Use MoneyGram when you need the cash pickup network or bKash delivery.

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