Remitly Review: Send Money to Bangladesh

Overview

Remitly is a digital-first money transfer service focused on immigrant communities sending money home. For Bangladesh, they offer both Express (fast, slightly higher cost) and Economy (cheaper, slower) transfer options. Remitly frequently runs promotions for first-time senders with enhanced exchange rates.

Fees & Exchange Rates

Remitly's pricing varies between Express and Economy service. Express transfers start from $3.99 but can be free with bank payment. Economy service typically has lower fees but takes longer. First-time users often get a promotional exchange rate that's better than the standard rate.

Transfer Speed

Express service delivers within minutes to hours for bank deposits and bKash. Economy service takes 3-5 business days but comes with lower fees. Cash pickup is also available at 9,000+ locations.

Delivery Options

Pros & Cons

What Users Say

Remitly receives praise for speed and ease of use, especially the Express service. Users love the first-time promotional rates. However, some note that rates become less competitive after the promotional period. A few users have reported issues with refunds taking longer than expected.

Bangladesh 2.5% Government Incentive

Final Verdict

Remitly is excellent for speed, especially if you need money delivered within minutes via Express service. First-time promotional rates are very competitive. For regular senders, compare the standard rates against Wise and TapTap Send to ensure you're getting the best deal.