Send £500 from UK to Bangladesh — cheapest rate today
Live comparison across 10 providers. Rates refresh hourly. Includes the 2.5% Bangladesh government cash incentive automatically.
Sending £500 to Bangladesh is cheapest right now via MoneyGram. Your recipient gets approximately ৳85,007 — including the 2.5% government cash incentive of ৳2,073. Exchange rate: 1 GBP = 165.87 BDT. Choosing MoneyGram over WorldRemit saves you ৳2,719 on this transfer. With 650,000 Bangladeshis in the UK (ONS 2021) sending home every month, picking the right provider compounds to tens of thousands of taka per year for the average remitter.
Top providers for £500 → Bangladesh
| Provider | Rate | You get (with 2.5%) | Speed |
|---|---|---|---|
| MoneyGramCHEAPEST | 165.87 | ৳85,007 | Minutes |
| Western Union | 165.55 | ৳84,845 | Minutes |
| Ria Money Transfer | 165.54 | ৳84,839 | Minutes |
| XE | 164.91 | ৳84,517 | 1-3 days |
| Remitly | 164.91 | ৳84,514 | Minutes |
Frequently asked questions
What is the cheapest way to send £500 to Bangladesh?▾
As of today, MoneyGram gives the most taka for £500 — you get ≈ 85,007 BDT (including the 2.5% government cash incentive). ~650,000 Bangladeshis in the UK (ONS 2021); MoneyGram has consistently topped Beshii's daily rate scan for this corridor. Beshii refreshes rates hourly from each provider's public API or quote page, so this page always reflects the live cheapest option.
How much can I save on £500 by picking the right provider?▾
Sending £500 with MoneyGram instead of WorldRemit saves ≈ 2,719 BDT on this single transfer. Over a year of monthly transfers that compounds to 32,626 BDT — enough to cover one to two months of living costs for the receiving family. Always compare before sending; the "best" provider rotates with exchange-rate swings and promo cycles.
Does the 2.5% government incentive apply to my £500 transfer?▾
Yes. The Bangladesh government adds a 2.5% cash incentive on remittances received through approved legal channels (MTOs and banks) under BDT 5 lakh per transfer. That means on a £500 transfer you get an additional ≈ 2,073 BDT automatically credited to your recipient's bKash, Nagad, or bank account. All providers Beshii tracks pass this through — no paperwork needed.
Which payment method is cheapest for £500 from United Kingdom?▾
For United Kingdom → Bangladesh, UK bank transfer or debit card is typically the cheapest payment rail because providers pass through lower card-processing fees. Debit cards and instant-transfer services cost 0.4–1.5% more. Cash-pickup payouts are usually fastest but not always cheapest — compare both the exchange rate and fees on Beshii's live calculator.
How fast will £500 reach Bangladesh?▾
bKash and Nagad payouts from MoneyGram typically land in minutes. Bank transfers take 1–3 working days depending on the recipient bank. Cash pickups at BRAC Bank or Agrani Bank branches are usually available within 30 minutes of the transfer completing. Fridays and Bangladesh public holidays can add delays.