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Send money from 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.
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How to send money from Bangladesh to Philippines
Sending money from Bangladesh to Philippines doesn’t have a huge amount of options. Because of this, we would recommend sending money via:
Wise (USD/USD or EUR/EUR transfers)
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.
Sending money from Bangladesh to Philippines: key insights and tips
Don't settle for the first option. Always compare ways to send money from Bangladesh to Philippines to find out about fees, speed, and reliability.
Your analysis should include all the providers that operate between Bangladesh and Philippines. Through this, you get a comprehensive view of all the options you have in Bangladesh when you need to send money to Philippines.
Cheapest way to send money from Bangladesh to Philippines
Without any money transfer providers serving the Bangladesh to Philippines route, the cheapest money transfer options are limited.
We would recommend using:
Understanding the costs involved when moving money from Bangladesh to Philippines
When calculating the costs of money transfers between Bangladesh and Philippines, here's what really matters:
The Mid-Market Rate: Today, the BDT-PHP mid-market rate equals to 0.4683. Keep in mind that this rate fluctuates all the time.
The BDT-PHP average exchange rate of the past week has been 0.4672, with a highest of 0.4683 and a lowest of 0.466.
Fees and Markups: When you pick a service with competitive exchange rates and low fees, you get to make the most out of your BDT to PHP transfers. This strategy keeps your costs down, offering a smart way to handle your international transactions.
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 0.4672.
During this period, the highest value level was 0.4683, with a low of 0.466.
, which is our recommended service to send money online from Bangladesh to Philippines offers an exchange rate that is only % above the mid-market rate.
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What payment methods are available when sending money from Bangladesh to Philippines?
Sending bank transfers from Bangladesh to Philippines
Bank transfers are the most common way of sending BDT to Philippines as they are secure, reliable, and convenient.
If you want to send Takas to Philippines via bank transfer, you can use your bank where no provider is available, but it will likely be at a bad exchange rate.
Sending money from Bangladesh to Philippines by credit card
Credit card payments are quick, convenient, and typically more secure than other methods, thanks to backing by the issuing party. Some users may even be able to rack up reward points when making large transactions.
If you want to send Takas to Philippines with a credit card.
Note: Beware of chargesCredit card payments are often classified as cash advances, which bring their own charges, as well as currency conversion and usage fees. Forgetting to pay your balance can also result in high interest charges, and can even damage your credit score.
Sending money from Bangladesh to Philippines by payment apps
If you’d like to send money from Bangladesh to Philippines via payment app, follow these steps:
Download the app and register. Download the app from the App Store or Google Play. You’ll need to register to be able to open an account. Make sure the app services transfers from Bangladesh to Philippines.
Enter your details. Enter any of the details required. You may need a valid form of ID.
Start your transfer. Enter the details of your recipient. Some apps will require full payment details, while others allow you to pay with just an email address. You may need to state that you’re planning to send money to Philippines in Philippine Peso at this stage.
Check the details. It’s vital that you check the details you’ve added to make sure everything is correct. It can be very difficult to reverse a transfer, and most payment apps don’t let you cancel a transfer from Bangladesh to Philippines after it’s been sent.
Send the money. Your app will probably charge a fee for the transfer. They may also add a markup to the BDT to PHP exchange rate. Check the rate they’re offering against the mid-market rate to make sure you’re getting a good deal.
The current mid-market rate of BDT to PHP is 0.4683
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.
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