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Send money from Bangladesh to South Africa
"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 South Africa
While you can’t send BDT to ZAR 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 South Africa is to use cash transfer via Western Union
We’ve analysed 100s of money transfer companies, and found that the overall coverage of BDT/ZAR 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 South Africa will need to visit a branch to pick up ZAR.
Compare for the best deal on your Bangladesh to South Africa transfer
Always compare rates
Don't spend more than you have to. Use our live comparison tool to compare rates on money transfers from Bangladesh to South Africa.
Choose a provider
Pick the provider that offers you the best value & service for your needs for BDT to ZAR transfers.
Click, sign up & send
Follow the steps & make your transfer. Your funds will soon be heading to South Africa.
Summary of recent searches
Transfer consider from Bangladesh to South Africa
Compare available providers
A comparison of providers offering services between Bangladesh and South Africa is paramount. Based on your specific transfer amount, the best way to send money to South Africa could change. Comparing ensures the best price for your needs.
For services allowing you to send Taka to South Africa we've compared 2 providers.
This coverage of the market ensure you will get the best options for your transfer to South Africa from Bangladesh.
Overall, we rated Western Union Agent as the best, but remember comparing for your specific transfer gives you a comprehensive view of all the options for transferring money from Bangladesh to South Africa.
Getting the best Taka-Rand exchange rate
Choose the right payment method
Financial regulators
Consider transfer limits
Consider how the money will be received
Have your ID ready
Tax declarations in South Africa
The cheapest way to send money to South Africa from Bangladesh is using MoneyGram cash transfer service.
While online transfers are usually cheaper, there are very few providers offering BDT to ZAR 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 ZAR 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/ZAR, cash transfer with Western Union is the fastest way.
Need to make a large transfer?
Western Union Agent is the best option for large transfers of the 2 providers compared.
While Western Union Agent may not always be the cheapest or fastest way to send BDT from Bangladesh to South Africa, it's a great provider for larger transfers for things like buying or selling property.
Understanding the cost of transferring money to South Africa from Bangladesh
Fees and exchange rates make up the total cost of sending money from South Africa to South Africa. Finding a company that can offer both ensures a good deal on your transfer.
The Mid-Market and Exchange Rates: The current BDT-ZAR mid-market rate is 0.1421 ZAR per Taka. You will get more Rand for your Takas if you find a provider close to this number.
For context, over the last 7 days the BDT-ZAR mid-market rate has had a high of 0.1409, a low of 0.1399 and averaged 0.1402 ZAR per Taka.
Across the 2 companies compared, the best exchange rate is with Western Union Agent.
Unless fees are unusually high, the exchange rate you receive on converting BDT to ZAR will be the biggest determining factor when working out the cost of transferring Takas to South Africa.
Fees: Transfer fees are charged as part of the transfer. Western Union Agent charges the lowest fee of 3 BDT at the moment. We’d always recommend comparing providers for your exact send amount as fees may change.
Amount Received: Money transfer companies will show you the amount of Rand eventually received in South Africa. You can assume that a lower cost of sending from Bangladesh will result in more money received in South Africa.
Getting the best exchange rate for Taka to Rand
Tracking the mid-market rate can make a huge difference when sending money BDT to ZAR. The exchange rate you secure impacts how much ZAR 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 ZAR has seen some fluctuation. On average, it has been 0.1402.
During this period, the highest value level was 0.1409, with a low of 0.1399.
Western Union Agent, which is our recommended service to send money online from Bangladesh to South Africa offers an exchange rate that is only 5% above the mid-market rate.
Want to secure the best BDT-Rand exchange rates?
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Paying for your Bangladesh to South Africa money transfer
Bank transfers
A bank transfer is often the default option for money transfers from Bangladesh to South Africa.
By using a money transfer company such as Western Union Agent to send money from Bangladesh to South Africa, you can while benefit from lower fees and more favorable exchange rates than a bank would offer.
On average, Western Union Agent is the cheapest money transfer provider for bank transfers from the 2 we tested when sending BDT to South Africa.
With a fee of BDT3 to send money from Bangladesh to South Africa, Western Union Agent offers a great combination of competitive exchange rates and lower fees.
Debit and prepaid cards
Sending money from Bangladesh to South Africa with a prepaid or debit card is very easy with Western Union Agent.
Western Union Agent is a great choice for sending money with a debit card from Bangladesh to South Africa. This is from the 2 money transfer companies compared.
Credit cards
When it comes to credit card transfers from Bangladesh to South Africa, we recommend comparing your options to get the best deal.
Be careful of fees: 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 South Africa 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 South Africa.
We also provide unbiased and detailed reviews of all the top money transfer companies. You can use these reviews to send BDT to ZAR.
For a deeper understanding of our commitment to integrity and transparency, we invite you to read our editorial policy and review methodology.
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