Send Money from Australia to Bangladesh — Best AUD/BDT Rates

Your recipient in Bangladesh can receive BDT in several ways. The fastest method depends on whether they have a bank account, a mobile wallet, or need cash:

• Bank Account Deposit — Direct credit to any of the 60+ Bangladeshi banks including Dutch-Bangla, BRAC, Islami Bank, and Sonali. Typically same-day for major banks.
• bKash / Nagad / Rocket — Mobile financial services. bKash alone has 70+ million users. Most providers support direct delivery to a bKash wallet, often within minutes.
• Cash Pickup — Available through agent networks at thousands of locations including Western Union, MoneyGram, and a wide post office network.

Confirm the delivery method with your recipient before you send. Most providers let you choose the method during checkout, but the fee and speed can vary — bank transfers are typically cheapest, cash pickup is typically fastest.

There is no single 'best' provider — the right choice depends on whether you prioritise the recipient amount, the fee, the speed, or the institution type.

• If you want the most for your money: Remitly delivered the highest recipient amount in our most recent live snapshot.
• If you want zero fees: Xoom charges no upfront fee — just check the exchange rate margin in the table to see what you actually receive.
• If you'd rather use a bank: ANZ is one of the licensed bank options in this corridor — slower (typically 1–3 days) and usually more expensive than money-transfer operators, but some senders prefer the familiarity.

Recommendations refresh with the live data above. The provider that wins today may not win tomorrow — always check the live table immediately before sending.

Sending money out of Australia is generally not taxed for the sender, but there are reporting and compliance rules worth knowing — especially for larger amounts. The most relevant rules:

• AUSTRAC Registration — All Australian remittance providers must register with AUSTRAC (Australian Transaction Reports and Analysis Centre) and report transactions over AUD 10,000 or any suspicious activity.
• International Funds Transfer Instruction (IFTI) — Banks and money services businesses are required to report every IFTI to AUSTRAC, regardless of the amount. This is a back-end reporting requirement — there is no special form for the sender.
• Tax on overseas gifts — Genuine gifts to family members overseas are not taxable in Australia. However, if the transfer is for income-generating activity (e.g. property purchase abroad), capital gains and foreign income rules may apply.

For a complete view of the rules that apply to senders in Australia, see our Australia guide. For your specific situation, consult a tax professional.

Bangladesh's rules around inbound foreign currency are usually permissive for personal remittance, but it's worth knowing the framework:

• Bangladesh Bank oversight — All inbound foreign remittances are regulated by Bangladesh Bank (the central bank). Authorised dealers must convert foreign currency to BDT at the official rate.
• 2.5% government incentive — The Government of Bangladesh offers a 2.5% cash incentive on remittances received through formal banking channels (bank or mobile financial services) — applied automatically by the receiving bank.
• Tax-free for personal use — Remittances received by Bangladeshi residents for personal/family use are not taxable. Investment-related remittances may have separate reporting requirements.

In the AUD to BDT corridor right now, 7 providers are competing for your transfer — and the gap between the best and worst deal is ৳3,939 on a A$1,000 send. Remitly delivers ৳87,941 while National Australia Bank delivers only ৳84,002. That difference comes almost entirely from rate margin, not the headline fee.

The mid-market rate — the one banks use among themselves — is currently 1 AUD = 88.8073 BDT. At that rate, A$1,000 would convert to exactly ৳88,807. Remitly's rate of 88.0277 means a margin of roughly 0.88%, while National Australia Bank's rate of 84.0017 embeds a 5.41% margin. Even small-sounding percentages add up: on a A$5,000 transfer, that worst-case margin costs you ৳19,695 compared to the best option.

Here is an insight specific to this corridor: the provider with the lowest upfront fee (Xoom at AUD 0.00) is not the same as the provider that delivers the most BDT (Remitly). That is because Xoom recovers its cost through the exchange rate. This is exactly why fee-only comparisons mislead — the "Recipient gets" column in the table above is the only number that captures both the fee and the rate margin in a single figure.