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How to send money from Bangladesh to Philippines

Compare the best ways to send money from Bangladesh to the Philippines. Find the cheapest, fastest, and most reliable providers with the best BDT to PHP exchange rates.

Explore the best deals, read expert information, and discover all you need to send money to Philippines from Bangladesh.

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Best option: Revolut

Revolut is our top choice for BDT to PHP transfers.

We tested & reviewed 7 money transfer providers, and Revolut scored highly in each category.

Over the last six months, Revolut appeared in 91.4% of Bangladesh to Philippines searches, and was the top rated company supporting money transfers between BDT and PHP.

For a great mix of cost, speed & features, transfer from Bangladesh to Philippine Peso using Revolut.

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How to compare deals on Bangladesh to Philippines money transfers

Summary of recent searches

Top rated for transfers from Bangladesh to Philippines
Revolut
Total number of BD - PH providers
7
Average cheapest fees & rate
Revolut
Average fastest transfer
Revolut
Average transfer time
Within minutes
Best for bank transfers
Revolut
Best for debit card
Instarem
Best for credit card
Instarem

Understanding Bangladesh to Philippines money transfers

1
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 7 providers for sending Taka to Philippines. This ensures you will get the best options for your transfer to the Philippines from Bangladesh.

We rate Revolut as the best overall, but comparing gives you a comprehensive view of all the options for transferring money from Bangladesh to the Philippines.

2
Get ahead of the Taka-Philippine Peso exchange rate
3
Choosing the right payment method
4
Financial regulators in Bangladesh and Philippines
5
Consider transfer limits
6
Receiving money in Philippines
7
Have your ID ready
8
Tax declarations

Cheapest way to transfer money to the Philippines from Bangladesh: Revolut

Revolut offers a combination of the lowest fees and best exchange rates - making it the cheapest transfer service for sending Taka to the Philippines.

Of the 7 providers compared, data shows that Revolut is 0% cheaper than the second-best option.

The is cost is made up of an average BDT-PHP exchange rate that is 0.14% different to the mid-market rate and an average fee of 0* BDT.

If you want to secure the best rates on a BDT to Philippines transfer, Revolut will result in the most Philippine Peso received.

*The most common fee applied to BDT-PHP by Revolut, based on data from the past six months.

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Fastest money transfers to the Philippines from Bangladesh: Revolut.

Of 7 money transfer companies offering services from Bangladesh to the Philippines, Revolut is the quickest way to send money.

Through our comparison, we found Revolut to be the fastest option for sending Taka to Philippine Peso 91.8% of the time. For fast transfers between BDT and PHP, Revolut is a great option.

When sending money from Bangladesh to the Philippines, Revolut has an average fee of 0 BDT. Although we would recommend comparing the amount you want to send.

When testing the fastest options, we compared the 7 money transfer providers offering Bangladesh to the Philippines transfers for overall speed. This included transfer times to after depositing Taka to a money transfer account.

When you want the fastest way to send, Revolut is our recommended choice for Bangladesh to the Philippines transfers.

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Transfer a large sum of money

When sending large amounts of Taka to the Philippines it’s best to pick a company with higher maximum limits on exchange rates and send amounts.

From
7 money transfer companies compared, Revolut 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.

Revolut 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 0.4907 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 three months has been 0.478 PHP per Taka. This includes a high of 0.5215, and low of 0.4644.

  • Out of the 7 companies compared, Revolut 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. Revolut, with a fee average of 0 BDT per transfer over the last 6 months, offers the lowest fees overall. 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.

Mid-market Rate
1
= 0.490739 PHP

Here's some data on recent trends in the mid-market rate.

  • Over the past six months, the interbank rate from BDT to PHP has seen some fluctuation. On average, it has been 0.478.

  • During this period, the highest value level was 0.5215, with a low of 0.4644.

  • Revolut, which is our recommended service to send money online from Bangladesh to Philippines offers an exchange rate that is only 0.14% above the mid-market rate.

Want to secure the best BDT-Philippine Peso exchange rates?

Sign up for our rate alerts and we'll tell you when it's the best time to move your money from Bangladesh to Philippines!

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 Revolut 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. 


    Revolut is the best money transfer provider for bank transfers of the 7 we compared when sending BDT to the Philippines.

    With an average fee of 0 BDT to transfer money from Bangladesh to the Philippines, Revolut 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 Instarem.


    Instarem is a leader in debit card money transfers from Bangladesh to the Philippines. They are the best option of the 7 transfer companies compared.

  • Credit cards

    When it comes to credit card transfers from Bangladesh to the Philippines, Instarem is the top choice of the 7 companies offering this service.

    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 document.

Money transfer company reviews

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Are there any minimum or maximum transfer amounts for sending money from Bangladesh to Philippines?
Can I schedule regular transfers between Bangladesh and Philippines?

Contributors

Keith Hodges
Keith is an experienced Content Specialist with a rich background in both marketing and journalism within the financial sector. At MoneyTransfers.com, Keith plays a pivotal role in driving the business forward and broadening its reach in various international money transfer markets. His expertise is a key factor in the company's expansion and success.
Luke Eales
Luke is CEO at MoneyTransfers.com, with 10 years' experience building consumer products in finance, insurance & travel. Luke focuses on the payments sector and foreign exchange markets, as well as personal finance more broadly.