Sendwave Review: Send Money to Bangladesh

Overview

Sendwave is a mobile money transfer app originally focused on Africa, with Bangladesh being one of their first Asian markets (launched 2020). The app charges zero transfer fees but makes money through an exchange rate margin. It's simple to use — debit card only, tap and send.

Fees & Exchange Rates

While Sendwave charges no upfront fees, about 80% of the cost is hidden in the exchange rate margin. The rate offered is weaker than the mid-market rate. For some corridors, Remitly was found to be cheaper 69% of the time. Always compare the total amount received, not just the fee.

Transfer Speed

Transfers to Mutual Trust Bank arrive in about 10 minutes. For other banks, if sent before 12 noon BST, funds arrive by end of day in Bangladesh. Transfers sent outside those hours arrive next business day.

Delivery Options

Pros & Cons

What Users Say

Users like Sendwave's simplicity and the fact there are no visible fees. However, savvy users point out that the exchange rate margin means you're paying more than you think. The $10 referral credit is popular. Bangladesh-specific feedback notes it's good but not the cheapest option.

Bangladesh 2.5% Government Incentive

Final Verdict

Sendwave is convenient and fee-free on paper, but the exchange rate markup means you may get fewer taka than with Wise or TapTap Send. Good for the occasional transfer where simplicity matters more than squeezing every taka. Compare total received amounts before deciding.