How to send money to Bangladesh from South Africa with the best ZAR-BDT rate

Comparing providers offering services between South Africa and Bangladesh, based on your specific needs is the best way to send money with confidence.

Right now, for ZAR/BDT

• Western Union Agent is our top choice for ZAR to BDT transfers. Sending 4,300 ZAR to BDT will cost you R129 in fees, and you will receive 28,985.56 BDT. The delivery time usually is minutes - 5 days, but it depends on the day you make the transfer.

• Mukuru offers the lowest cost transfers of the 3 compared. Data collected for transfers between South Africa and Bangladesh over the past week shows that Mukuru is 1.99% cheaper than the second-best option.

• Of 3 companies compared, Mukuru offers the quickest way to send Rands to Bangladesh is with minutes - 2 days. When speed matters, Mukuru is our recommended choice for sending into Bangladesh from South Africa.

Our comparison includes 3 companies that provide the ability to send Rand to Bangladesh.

This ensures you get the best options for transfers to Bangladesh from South Africa, based on the amount you want to send.

The exchange rate determines the price you’ll pay for Taka when sending Rand to Bangladesh.

The rate between the Rand and Taka is currently 7.4377.

The total cost of money transfers from South Africa to Bangladesh is a combination of fees and exchange rates. Get the best of both, and you will be getting a good deal.

• The Mid-Market and Exchange Rates: The mid-market rate for ZAR-BDT is currently 7.4377 BDT per Rand. Providers offering services closer to this rate will ensure more Taka for your Rands.

• Fees: Transfer fees are charged alongside a transfer. The company offering the lowest fee is Mukuru, charging 301.00000000000006 ZAR per transfer. In all cases, we recommend searching for your exact send amount as fees may change.

• Amount Received: Money transfer companies will show you the amount eventually received in Taka. Simply, the higher the amount received in South Africa, the lower the cost of sending from Bangladesh.

Sometimes, waiting a day or two can help you get more BDT for the same amount of Rand. Using a forward contract that also allows you to lock in an agreed exchange rate between South Africa and Bangladesh.

Sending money via a bank transfer is the recommended option for sending money from South Africa to Bangladesh.

Here are all the ways to send money from South Africa to Bangladesh:

Bank transfers

Paying via a bank transfer is often the better option for sending money from South Africa to Bangladesh.

By using a money transfer company such as Mukuru for transfers from South Africa to Bangladesh, you can send money and while benefit from lower fees and more favorable exchange rates than you would get with a traditional bank. 


Debit and prepaid cards

Sending money from South Africa to Bangladesh with a debit or a prepaid card is easy with Western Union Agent.


Western Union Agent is a one of the better options in the market for international debit card transfers from South Africa to Bangladesh.

Credit cards

Not many money transfer companies offer direct credit card deposits, because it is more expensive for everyone (especially with high cash advance fees).

We recommend using a bank transfer or a debit card transfer if you can; otherwise, make a quick comparison to find the latest deal.

Some services between South Africa and Bangladesh have minimum or maximum thresholds on how much you can transfer. This is applies when receiving money in Bangladesh as well.

Companies will offer different rates and fees for different transfer amounts. For regular transfers to Bangladesh, use Western Union Agent. The combination of rates and fees when sending from South Africa to Bangladesh is the most competitive, even at larger amounts.

Also, always check with the recipient and understand any declarations needed on large amounts of money leaving South Africa, or entering Bangladesh. Mis-understanding these could result in a slower, or even failed, transfer.

There are different ways to receive Taka in Bangladesh. This includes a direct bank deposit, cash pickup, a mobile wallet or receiving money into a multi-currency account.

Not all providers serving transfers from South Africa to Bangladesh will offer every method for incoming Taka, so it’s best to check ahead of time.

One of the more common ways to transfer from South Africa into Taka is directly into a bank account. Western Union Agent is the best company for bank transfers between South Africa and Bangladesh.

And if you need cash right away, check if cash pickup is an option for transfers between South Africa and Bangladesh.

Mobile wallet services and payment apps like PayPal, Xoom, and CashApp are popular too, but they come with more limitations and higher costs compared to money transfer providers like Mukuru.

When signing up to and sending Rand to Bangladesh, through a money transfer company, you will have to verify your ID.

The precise documents you need will vary and in some cases you will need more than one.

For the most part however, in South Africa this will be a government issued ID such as a passport or driver's license. In Bangladesh it will be similar, although this should only be needed if you are opening a new account in Bangladesh, or collecting in cash. Sending to an existing bank account in Bangladesh shouldn’t require any additional ID checks.

Large transactions between South Africa and Bangladesh, are subject to additional checks. A provider may ask you for proof of address or may want to carry out a proof of funds check.

One of the reasons Western Union Agent has scored so highly for transfers to Bangladesh is their easy sign up process in South Africa.

When sending large amounts of money between South Africa and Bangladesh there will potentially be a tax declaration to consider.

Some transfers into Taka may need to be reported to tax authorities in Bangladesh, particularly where inheritance or property purchases are involved.

Tax limits and personal allowances will change in Bangladesh based on age, income and a few other elements. When in doubt, please contact a tax professional in South Africa or Bangladesh to discuss your personal circumstances.