How to send money to Canada from Bangladesh
The best way to send BDT to CAD | Wise |
The total number of Bangladesh to Canadian Dollar providers | 3 |
The average cheapest way to send money from Bangladesh to Canada | Instarem |
Best option for debit card transfers | |
Best option for bank transfers |
You can always compare rates and fees based on your transfer amount and payment options when sending money.
The best way to send money from Bangladesh to Canada
We recommend using Wise for money transfers to Canada from Bangladesh.
We analyzed 3 providers that allow BDT to CAD transfers. Wise emerged as the best option in 59.5% of searches.
What’s the cheapest way to send money from Bangladesh to Canada?
Based on results from the last 3 months, of the 3 providers we list, the cheapest way to send money from the Bangladesh to Canada was Instarem, and the average cheapest payment method was .
Instarem has averaged 0.6% cheaper than the next nearest provider for money transfers to Canada from Bangladesh.
Just to make you aware, was the overall cheapest payment method.
The cheapest way to send money isn't always the fastest
Be sure to pick the right option, Instarem is the most cost effective way of sending, but make sure the timeframes work for you.
How the cost of sending money to Canada from Bangladesh is calculated
The cost of sending money from Bangladesh to Bangladesh depends on several things, including:
The mid-market rate
The current mid-market rate between BDT and CAD is 0.011632. The rate the time you transfer will impact your overall cost. As an example, Instarem has averaged 0% below the mid-market rate over the last 3 months, generally making sending money a little cheaper before fees.
The markup and fee
Providers will often charge a markup on the rate, fees, or both, for transfers between Bangladesh and Canada. This is why Instarem is listed as our cheapest option - they offer the best combination of Taka to Canadian Dollar (0.08) and fees (0).
Finding the best exchange rate for BDT to CAD
The mid-market exchange rate changes daily, so timing your transfer can make a big difference to how many Canadian Dollars you can get for your Takas. The average Taka to Canadian Dollar mid-market rate over the last month was 0.0125, with a low of 0.0125 and a high of 0.0125.
For comparison, the best exchange rate for BDT to CAD right now is through Instarem, at a difference of 0.08%.
How we find the best transfer deals from Bangladesh to Canada
We’ve compared the cost, speed, and product offering of the top money transfer services (including Instarem) available between Canada and Bangladesh.
We also produce unbiased, detailed reviews of all the top money transfer companies for sending Taka to Canada, helping you in making smarter, simpler choices. We pride ourselves on our objective reviews, maintaining complete independence in our analysis and ratings.
Take a look at our comprehensive editorial policy for more information about our dedication to integrity and transparency.
