Bank Asia Limited is delighted to introduce Outbound Remittance Services in collaboration with world’s number one money transfer operator “Western Union”. By using WU’s channels and networks, customers of Bank Asia can now enjoy the outbound remittance services to more than 200 countries and territories worldwide, with real-time transfer capabilities in 100 of these countries, with more than 600,000 agent locations and with the capability of paying out in more than 130 currencies. Bank Asia outbound remittance services have opened the door opportunity for anyone wants to send money abroad instantly, legally and safely for the purpose of study, medical expenses and family maintenance (foreign expatriate).
Current outbound remittance channel is lengthy and costly for processing these facilities, especially for C2B remittances. Due to these limitations, people feel discouraged to send outbound remittance from Bangladesh through existing formal channels. Pioneering the Outbound Remittance Services, Bank Asia Limited is a trusted partner in cross-border remittance services for Bangladeshi nationals for sending overseas health care services’ support & foreign institutions’ tuition fees education and for the foreign expatriates living & working in Bangladesh to repatriate their earnings to home country for family support.
While you cannot send money directly to any business entity—nor pay for international travel and related purposes—you can send for:
Cash pickup
Send money to more than 525,000 Western Union agent locations³ in over 200 countries and territories.
Bank account
Send money direct to bank accounts in more than 100 countries.
Check here (link) for details county wise bank requirements (receiver's bank name, code, account number, etc.)
You can send money from Bangladesh to any individual overseas. Simply provide your receiver's full name and (if sending to a bank account) their bank account number, bank name, and bank routing number.
Bangladeshi nationals can send money to a:
Expatriates with a valid work permit can send money to a:
Your Bank Asia Limited Bank Account will be debited in BDT as per the conversion rate set by Western Union for executing your money transfer instruction for destination country. Your receiver will get the money in their country’s currency.
Bangladeshi nationals can send as per the invoice from the University Student Tuition Fees and relevant living cost. They can also pay for medical bills as per the medical institution invoice and relevant living cost.
Foreign Expatriates are allowed to remit upto 80% earnings after tax for family maintenance and remaining 20% is allowed only after the settlement of yearly income tax payment, supported by tax certificate issued by the tax authority.
You can send any amount for a flat Tk.500/- transfer fee¹ until 30June 2022*.
* Promotional period and after the promotion period the schedule of charge is as under
Currency | Principal Band | Fee |
---|---|---|
USD | BDT 0 - 500,000 ($5800) | Tk. 750/- |
BDT 500,001+ ($5801) | Tk. 1250/- | |
EUR, GBP, CAD, AUD, INR, MYR, JPY, AED | BDT 0 - 500,000 ($5800) | Tk. 750/- |
BDT 500,001+ ($5801) | Tk. 1250/- | |
All other Currency | BDT 0 - 500,000 ($5800) | Tk. 750/- |
BDT 500,001+ ($5801) | Tk. 1250/- |
Receivers will not pay any transfer fee. The one-time transfer fee will only be paid by the sender.
If your money transfer has not yet been paid, you can visit a Bank Asia branch and cancel the transaction.
1. Visit any of your nearest Bank Asia Authorized Dealer branch in order to open the student file. Only the eligible students are allowed to open Student files for enrolling in foreign colleges /universities for their higher studies purpose. Legal guardian of the student can act on his/her behalf.
2. What are the required documents for opening a student file:
Note: Please submit any other documents if requested by the Branch officials.
By maintaining an expatriate file at any Bank Asia AD Branch expatriates are eligible to send money to their home country.
To open a file, you'll need to submit the following:
1. A Bangladeshi national is eligible to send money to overseas hospital for availing medical treatment simply by visiting a nearest Bank Asia AD branch to open an account in this purpose. The account must either be opened by:
2. What are the required documents for opening a Medical file?
As per the prevailing Bangladesh Government rules and regulations, any individuals who wants to send money for these purposes must maintain an account with the bank.
Unfortunately, you cannot go to a different location. For all money transfers, you (or your nominee) have to go to the same location wherein the account/file was opened.
Please search for the country you are sending money to below. The bank information you will need and the timing for when money will be deposited into your receiver's bank account are given next to each country.*
Please use care when providing bank account information. Funds will be deposited in the bank account corresponding to account number you provide.
Country | Information You Need | Timing for Deposit |
---|---|---|
Andorra |
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Money is normally deposited in the account within two business days if you submit the transaction by 7:30 am CET.* |
Australia |
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Money is normally deposited in the account within two business days if you submit the transaction by 1:00 pm CET.* |
Austria |
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Money is normally deposited in the account within two business days if you submit the transaction by 7:00 am CET.* |
Bahrain |
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Money is normally deposited in the account within two business days if you submit the transaction by 7:30 am CET.* |
Belgium |
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Money is normally deposited in the account within two business days if you submit the transaction by 7:00 am CET.* |
Brazil |
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Money is normally deposited in the account within two to five business days from the date of transaction. |
Cyprus |
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Money is normally deposited in the account within two business days if you submit the transaction by 7:00 am CET.* |
Czech Republic |
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Money is normally deposited in the account the next business day if you submit the transaction by 6:00 am CET.* |
Denmark |
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Money is normally deposited in the account the next business day if you submit the transaction by 6:00 am CET.* |
Finland |
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Money is normally deposited in the account the next business day if you submit the transaction by 7:00 am CET.* |
France |
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Money is normally deposited in the account within two business days if you submit the transaction by 7:00 am CET.* |
Germany |
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Money is normally deposited in the account the next business day if you submit the transaction by 10:00 am CET.* |
Greece |
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Money is normally deposited in the account within two business days if you submit the transaction by 7:00 am CET.* |
Hungary |
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Money is normally deposited in the account the next business day if you submit the transaction by 6:00 am CET.* |
Indonesia |
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Money is normally deposited in the account the next business day if you submit the transaction by 10:00 am CET.* |
Ireland |
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Money is normally deposited in the account within two business days if you submit the transaction by 7:00 am CET.* |
Italy |
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Money is normally deposited in the account within two business days if you submit the transaction by 7:00 am CET.* |
Japan |
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Money is normally deposited in the account within two business days if you submit the transaction by 7:30 am CET.* |
Lithuania |
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Money is normally deposited in the account the same business day if you submit the transaction by 6:00 am CET.* |
Luxembourg |
|
Money is normally deposited in the account within two business days if you submit the transaction by 7:00 am CET.* |
Malaysia |
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Money is normally deposited in the account the next business day if you submit the transaction by 10:00 am CET.* |
Malta |
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Money is normally deposited in the account within two business days if you submit the transaction by 7:00 am CET.* |
Netherlands |
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Money is normally deposited in the account within two business days if you submit the transaction by 7:00 am CET.* |
New Zealand |
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Money is normally deposited in the account within two business days if you submit the transaction by 12:00 pm CET.* |
Norway |
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Money is normally deposited in the account the next business day if you submit the transaction by 6:00 am CET.* |
Philippines |
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Money is normally deposited in the account the next business day if you submit the transaction by 10:00 am CET.* |
Poland |
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Money is normally deposited in the account the same business day if you submit the transaction by 6:00 am CET.* |
Portugal |
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Money is normally deposited in the account within two business days if you submit the transaction by 7:00 am. CET.* |
Romania |
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Money is normally deposited in the account the same business day if you submit the transaction by 6:00 am CET.* |
Singapore |
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Money is normally deposited in the account within two business days if you submit the transaction by 10:00 am CET.* |
Slovakia |
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Money is normally deposited in the account the next business day if you submit the transaction by 9:30 am CET.* |
Slovenia |
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Money is normally deposited in the account within two business days if you submit the transaction by 7:00 am CET *. |
South Africa |
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Money is normally deposited in the account within two business days if you submit the transaction by 7:30 am CET.* |
Spain |
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Money is normally deposited in the account within two business days if you submit the transaction by 7:00 am CET.* |
Sweden |
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Money is normally deposited in the account the next business day if you submit the transaction by 12:30 pm CET *. |
Switzerland |
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Money is normally deposited in the account the same business day if you submit the transaction by 6:00 am CET.* |
Thailand |
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Money is normally deposited in the account within three business days if you submit the transaction 10:00 am CET.* |
UAE |
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Money is normally deposited in the account within two business days if you submit the transaction by 7:30 am CET.* |
United Kingdom |
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Money is normally deposited in the account within two business days if you submit the transaction by 1:00 p.m. CET.* |
United States |
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Money is normally deposited in the account within two to five business days from the date of the transaction. |
Vietnam |
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Money is normally deposited in the account the next business day if you submit the transaction by 10:00 am CET.* |
* Funds may be delayed or services unavailable based on certain transaction conditions, including amount sent, destination country, regulatory issues, identification requirements, differences in time zones, or selection of delayed options. See the Send Money form terms and conditions for details. Additional restrictions may apply.
Contact Person : Mohammed Monzur Morshed Bhuiyan
Telephone Number : +88 02- 47110062, 47110247, 47113867, 47110278, 47110173, 47115813, Ext-301 Fax No : +88 02 9514820 Cell No. : +88 01711 198 680 Email : monzur.morshed@bankasia-bd.com |