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Send money from Bangladesh to Philippines
"Western Union agents help you send money from a wide variety of countries. Find a local branch near you to deposit cash and send your funds abroad."
"With MoneyGram you can send money globally. Find a local MoneyGram branch near you to deposit and send cash abroad."
Alternative for Bangladesh to Philippines
While you can’t send BDT to PHP with Wise, you can transfer USD to USD.
"Over 16 million customers use Wise, mostly for their excellent mobile app, transparent fee structure & use of mid-market rates. Now increasingly used for larger transfers."
In our experience, there are always efficiencies to be made in how businesses manage international payments in and out.
Why not take our free FX health check test to see how effective your business is in managing these. It only takes a couple of minutes.
The best way to send BDT to Philippines is to use cash transfer via Western Union
We’ve analysed 100s of money transfer companies, and found that the overall coverage of BDT/PHP transfers is very limited for online transfers.
This is why we suggest sending cash as an alternative, using Western Union.
The transfer fees depend on which branch you use and how much you send, but overall you can expect to pay around 3 BDT for a 30,500 BDT transfer.
Depending on where you are, we suggest checking Western Union to see what deposit methods you have available.
In many cases you can deposit BDT online and the recipient in Philippines will need to visit a branch to pick up PHP.
How to compare deals on Bangladesh to Philippines money transfers
Always compare rates
Don't pay more than you need to. Use our live comparison tool to ensure the best rates on money transfers from Bangladesh to the Philippines.
Choose a provider
Select the provider that gives you the best value & service for your needs
Click, sign up & send
Follow the steps & start your transfer from Bangladesh. Your funds will be converted to Philippine Peso and transferred to the Philippines.
Summary of recent searches
Understanding Bangladesh to Philippines money transfers
Comparing providers
Comparing providers when sending money from Bangladesh to the Philippines is the easiest way to make a transfer at the best price.
We’ve compared 2 providers for sending Taka to Philippines. This ensures you will get the best options for your transfer to the Philippines from Bangladesh.
We rate Western Union Agent as the best overall, but comparing gives you a comprehensive view of all the options for transferring money from Bangladesh to the Philippines.
Get ahead of the Taka-Philippine Peso exchange rate
Choosing the right payment method
Financial regulators in Bangladesh and Philippines
Consider transfer limits
Receiving money in Philippines
Have your ID ready
Tax declarations
The cheapest way to send money to Philippines from Bangladesh is using MoneyGram cash transfer service.
While online transfers are usually cheaper, there are very few providers offering BDT to PHP transfers, making cash transfer through a MoneyGram Agent the most practical and affordable option available.
The overall cost of your transfer includes both the transfer fee (around 3 BDT per 30,500 BDT) and the exchange rate markup applied by MoneyGram.
These costs can vary depending on the branch location, payment method, and the amount you’re sending, so it’s always worth checking with your branch before making a transfer.
The fastest way to send money to Nigeria from Pakistan is to use cash transfer via Western Union Agent
In most cases cash transfers with Western Union are instant, and your recipient will be able to collect PHP in minutes.
However, depending on how much you send, it can take a bit longer (up to a day) due to the processing time.
With the limited number of money transfer companies servicing BDT/PHP, cash transfer with Western Union is the fastest way.
Transfer a large sum of money
From 2 money transfer companies compared, Western Union Agent is the best option for large transfers from Bangladesh to the Philippines.
Whether it’s for property purchases, business or any other reason, sending large amounts of money from Bangladesh to the Philippines can become expensive if you use a bank, or the wrong provider.
Western Union Agent is the top choice for sending large sums of money to the Philippines from Bangladesh because they offer a strong service and competitive exchange rates.
Understanding the cost of moving money from Bangladesh to Philippines
The total cost of sending money to the Philippines from Bangladesh, is made-up of a combination of fees and exchange rates. Sending with a company that can offer a good deal on both ensures a good deal on your transfer.
The Mid-Market and Exchange Rates: Currently, the mid-market for BDT-PHP is 0.4805 PHP per Taka.
Finding a company offering an exchange rate closer to this will mean more Philippine Peso for your Taka.
The average BDT-PHP mid-market rate for the last 7 days has been 0.4809 PHP per Taka. This includes a high of 0.4825, and low of 0.4801.
Out of the 2 companies compared, Western Union Agent offers the best exchange rates.
The exchange rate you receive on converting BDT to PHP should be the biggest determining cost factor when transferring Taka to the Philippines.
Fees: Transfer fees may have to be paid alongside the transfer, either as a set fee or a percentage of the transfer. Western Union Agent has a fee of 3 BDT per transfer (which is the cheapest option right now for a ৳30,500 transfer).
Although you should search for your send amount for actual fees.
Amount Received: Money transfer companies will show you the amount of Philippine Peso eventually received in the Philippines.
A lower cost of sending from Bangladesh will result in more money received in the Philippines.
Getting the best exchange rate for Taka to Philippine Peso
Tracking the mid-market rate can make a huge difference when sending money BDT to PHP. The exchange rate you secure impacts how much PHP you get for your BDT.
Here's some data on recent trends in the mid-market rate.
Over the past 7 days, the interbank rate from BDT to PHP has seen some fluctuation. On average, it has been 0.4809.
During this period, the highest value level was 0.4825, with a low of 0.4801.
Western Union Agent, which is our recommended service to send money online from Bangladesh to Philippines offers an exchange rate that is only 5% above the mid-market rate.
Want to secure the best BDT-Philippine Peso exchange rates?
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Payment options for transfers from Bangladesh to Philippines
Bank transfers
Bank transfers are often the fastest and cheapest way to send money from Bangladesh to the Philippines.
Using a money transfer company such as Western Union Agent for payments from Bangladesh to the Philippines, means you can send via a bank transfer and benefit from lower fees and more favorable exchange rates than you would get with a traditional bank.
Western Union Agent is the best money transfer provider for bank transfers of the 2 we compared when sending BDT to the Philippines.
With a fee of 3 BDT to transfer money from Bangladesh to the Philippines, Western Union Agent offers a great combination of competitive exchange rates and lower fees.
Prepaid and debit cards
Sending money with a debit card from Bangladesh to the Philippines is easy with Western Union Agent.
Western Union Agent is a leader in debit card money transfers from Bangladesh to the Philippines. They are the best option of the 2 transfer companies compared.
Credit cards
When it comes to credit card transfers from Bangladesh to the Philippines, we recommend comparing your options to get the best deal.
Fee alert: using a credit card to transfer money internationally often results in a fee being charged by your card issuer. That's why we recommend bank transfer or debit card instead.
How we analyze the market
We track the cost, speed, and product offerings of the leading money transfer services available between Philippines and Bangladesh.
Our comparison engine and algorithms evaluate providers based on over 25 factors, including transfer fees, ease of use, exchange rates, mobile apps, transfer times & customer support.
We also consider how these services are rated on platforms like TrustPilot, AppStore, and Google Play, giving you a comprehensive view of what to expect.
This thorough analysis helps you get the best available deal - every time you want to move money from Bangladesh to Philippines.
We also provide unbiased and detailed reviews of all the top money transfer companies. You can use these reviews to send BDT to PHP.
For a deeper understanding of our commitment to integrity and transparency, we invite you to read our editorial policy and review methodology.
Money transfer company reviews
