For millions of people in Bangladesh, remittances from abroad are a vital source of support. The money sent home helps cover essential expenses, from everyday living costs to educational opportunities and medical care. Beyond immediate needs, remittances also contribute to Bangladesh’s growing economy, creating opportunities for entrepreneurship and improving the quality of life for families across the country.

In this blog, we’ll explore how sending money to Bangladesh helps families stay afloat in their daily lives, as well as how it supports long-term economic growth and stability.

1. Supporting everyday needs: The lifeline of remittances

Remittances are the backbone of financial support for many families in Bangladesh. As living costs continue to rise, money sent from abroad allows families to manage their day-to-day expenses without falling behind. Some of the most common uses of remittances include:

• Covering basic living costs: Rent, food, and utilities make up the majority of household expenses in Bangladesh. With many people living on modest incomes, remittances provide the extra funds needed to ensure families can live comfortably. Whether it’s paying the monthly electricity bill or stocking up on groceries, remittances help families meet their essential needs.
• Education costs: Education is highly valued in Bangladesh, and families work hard to provide their children with quality schooling. Remittances help cover the costs of school fees, uniforms, books and transportation, giving children access to better education and, ultimately, more opportunities for the future.

Send money to Bangladesh now

2. Long-term investment in families and communities

While remittances are crucial for day-to-day survival, they also play a key role in improving families’ long-term financial security. Many families use the money sent from abroad to invest in opportunities that can help them build a more stable future. Some examples include:

• Small businesses: Remittances are often used to fund small businesses, particularly in rural areas where job opportunities are limited. From opening a grocery store to starting a tailoring business, these ventures provide a steady source of income and contribute to local economic growth.
• Savings and financial planning: Families often set aside a portion of remittances for savings or emergency funds. This financial cushion allows them to plan for the future and handle unexpected costs without facing financial hardship.

3. Boosting Bangladesh’s growing economy

Bangladesh is one of the fastest-growing economies in South Asia, with sectors like textiles, agriculture and IT driving progress. Remittances not only support individual families but also contribute to the broader economic growth of the country.

• Supporting rural economies: A significant portion of Bangladesh’s population lives in rural areas, where jobs and economic opportunities can be limited. Remittances help fuel local economies by enabling families to spend more on goods and services, thus creating demand for local businesses.
• Investing in the future: With increasing globalisation, Bangladesh is becoming more connected to the international economy. Remittances help families participate in this growth by giving them the funds to invest in education, technology, and entrepreneurship.

The role of technology in money transfers

Technology has revolutionised the way we send money internationally, and Paysend is at the forefront of this transformation. With the rise of digital platforms, sending money to Bangladesh has never been easier, faster, more affordable or more secure.

Using services like Paysend, you can transfer money directly to your loved ones’ bank accounts or mobile wallets in just a few clicks. This eliminates the long wait times and high fees that were common with traditional transfer methods. Paysend’s low fees and competitive exchange rates ensure that more of your money reaches your family, while the platform’s advanced security features protect your transactions from fraud.

Beyond convenience and cost-effectiveness, digital transfers also offer transparency, allowing you to track your transfer in real-time and providing peace of mind that your loved ones will receive the funds without delay.

As digital payments become more common in Bangladesh, remittances sent via platforms like Paysend are playing a pivotal role in driving financial inclusion and economic development. These transfers are not only supporting families but also contributing to the growth of digital infrastructure in the country.

How to send money to Bangladesh from Poland, Croatia, Czech Republic, or from anywhere around the world

Sending money internationally may seem complicated, but with Paysend, it's so simple. You can easily check exchange rates to Bangladesh here. Just select your sending country, and your recipient country - in this case your recipient country will be Bangladesh. Once you’ve checked the rates, here’s how to get transferring money:

1. Register for free: Sign up with Paysend. Just click the ‘sign up’ button located in the top right corner. 
2. Select Bangladesh as the destination: After logging in, simply choose India as the receiving country.
3. Choose your delivery method: Whether you’re sending money to a bank account, or digital wallet, you can choose the method that works best for you and your recipient.
   • To a bank account: You’ll benefit from fee-free transfers directly to a recipient’s Bangladesh bank account - perfect for large amount payouts in BDT.
   • To a digital wallet - fast and easy transfer to recipient’s BKash, Rocket or Nagad digital wallet - paid out in BDT.
4. Add your recipient’s details: Sending to a digital wallet? You’ll need to select ‘Bkash’, ‘Rocket’ or ‘Nagad’ and then add your recipient’s digital wallet number and their name. Sending to a bank account? You’ll need to enter the name of their bank, branch code, their account number and their name. 
5. Enter the amount to send: You’ll be shown the exchange rate and how much your recipient will receive in BDT. You’ll also see how long it will take for the money to arrive.
6. Select your payment method: Choose how you'd like to pay - we recommend Apple Pay and Google Pay, but debit or credit cards and manual bank transfers are also accepted. 
7. Confirm your ID: Details of your ID (passport, drivers licence or National ID to comply with security regulations.
8. Complete your transfer: Once you've filled in all the details, check you’re happy with the transfer. Click 'Confirm and Send' and we’ll handle the rest!

The best way to experience Paysend is through our mobile app, designed for quick access and seamless transactions. Choose the download link for your device below: 

• iOS users: Download the app here
• Android users: Download the app here
• Huawei users: Download the app here

Or, if you prefer, you can also create your account through the Paysend website.

Supporting families and the future

Sending money to Bangladesh is about more than just transferring funds - it’s about empowering families to cover their daily expenses, invest in long-term stability, and contribute to the country’s growing economy. Whether it’s paying for groceries, helping with education, or starting a new business, your remittances have a powerful and positive impact on your loved ones' lives.

With services like Paysend, sending money is easier and more secure than ever. Take advantage of the opportunity to support your family today and help them build a brighter future.

Send money to Bangladesh now