Send money to Bangladesh from Canada
Grey pays Bangladeshi taka into bank accounts at Dutch-Bangla Bank, BRAC Bank, Islami Bank Bangladesh, Eastern Bank and Standard Chartered Bangladesh, and into bKash and Nagad wallets on a registered mobile number. Your Grey balance is held in US dollars, provided by Lead Bank, in pounds or in euro, and converts to taka when you send. The rate and the fee are both shown before you confirm, and transfers from a funded balance typically arrive within minutes.
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The corridor between Canada and Bangladesh
Of the eight destinations on this part of the Canadian network, this is the busiest one. The Bangladeshi community in Canada is large and tightly clustered: Toronto above all, along Danforth Avenue and out through Scarborough and Victoria Park, then Ottawa, Mississauga and a growing group in Calgary and Edmonton. Many arrived through the skilled worker stream, which shapes what the money is for. It is rarely emergency money. It is a household in Dhaka or Sylhet that has been budgeting around it for years.
So the transfers have a rhythm. A monthly amount to parents. A larger figure before Ramadan and Eid. Medical bills that arrive without warning. School and university fees for a younger sibling or a nephew. And, very often, land and property: a plot outside Dhaka, a flat in Uttara, a family house in Sylhet being extended a floor at a time.
One thing to know before the first transfer: there is no Canadian dollar balance on Grey. You hold your balance in US dollars, pounds or euro, funded by money reaching it from a client, an employer or your own transfer, and you convert to taka at the moment you send.
From a Canadian sign-up to taka in Dhaka
Sign up
Opening a Grey account costs nothing and takes roughly five minutes. Bring a valid identity document and do it once. Bangladesh then sits alongside more than 80 other destinations in the same app.
Fund
Your balance sits in US dollars, provided by Lead Bank, in pounds or in euro. It is funded by money arriving from a client, an employer or a transfer you make yourself, and it waits there until a payment home is due.
Send
Enter the Bangladeshi bank account number, or the registered mobile number for bKash or Nagad. Check the taka figure, the rate and the fee, then confirm. It typically lands within minutes.
What sending taka actually costs
On a corridor built out of repeated payments, small differences accumulate in a way that a single transfer never shows. Someone sending to their parents every month makes twelve or more conversions a year, and each one is priced the same way it was priced the month before.
The comparison worth making, then, is annual rather than per transfer. Take what you send in a year, look at the taka delivered rather than the fee charged, and the gap between providers becomes obvious. Grey shows both numbers every single time, so you are never reconstructing the cost after the fact.
The rate is fixed the moment you confirm
The taka figure on screen when you tap confirm is the figure being sent. The rate does not move while the transfer is in flight, and there is no later adjustment that changes what arrives.
That is worth more on this corridor than on most. If your mother is expecting a specific amount, or a school fee has to be paid to the taka, you can tell her the number before the money leaves your balance and it will still be the number when her bank or her bKash wallet shows the credit.
Grey compared with an international wire from a Canadian bank
Interac e-Transfer, which handles almost everything else in Canadian life, does not cross the border, so a payment to Dhaka through RBC, TD Canada Trust, Scotiabank, BMO or CIBC means an international wire. The pricing of those wires is an old and public grievance in this country, and the fee on the form is only half of it. The other half is the conversion into taka, applied somewhere down the chain at a rate the sender never sees. Grey reverses that order: the rate and the fee first, the taka total second, confirmation last. There is also no correspondent bank deducting a slice on the way, and no branch visit to arrange any of it.
What your family sees in Bangladesh
Nobody at the Bangladeshi end installs an app or opens an account with Grey. The taka lands as a credit they will recognize, in a bank account or a mobile wallet they already use.
Straight into the bank account
Dutch-Bangla Bank, BRAC Bank, Islami Bank Bangladesh, Eastern Bank and Standard Chartered Bangladesh are all reachable. The account number is the detail to get right.
bKash and Nagad wallets
Send to a bKash or Nagad wallet using the mobile number it is registered to. For relatives without a convenient branch, this is often the quicker route.
GreyTag between relatives
If a sibling or cousin in Dhaka also uses Grey, a GreyTag transfer between the two of you is free and instant.
How money reaches your Grey balance
Before taka can go to Bangladesh, the balance has to be funded. Three routes cover most senders in Toronto, Scarborough and Ottawa, and none of them involves holding Canadian dollars on Grey.
From a client
Freelancers, consultants and small business owners billing outside Canada can be paid into the Grey balance itself, then convert to taka when the monthly payment home comes round.
From an employer
Pay arriving in US dollars, pounds or euro can land in the matching balance and stay there until you need it, which suits anyone sending on a fixed day of the month.
From your own transfer or a GreyTag
You can fund the balance yourself, or another Grey user can send to your GreyTag, which is free and instant and often how families pool a larger amount before sending it on.
Once the balance holds enough, sending to Bangladesh is a conversion and a confirmation, with the taka figure visible before either happens.
What this money is for
The monthly amount to parents
Groceries, electricity, the gas bill, a domestic helper's wage, medicine for a father with diabetes. It goes on the same date each month and the household in Dhaka plans around it.
Medical bills that will not wait
An admission at a hospital or diagnostic centre in Dhaka or Chattogram, a specialist consultation, a course of treatment that has to be paid before it starts. These transfers are decided in an evening and sent the same night.
Land, flats and the family house
A plot outside Dhaka, an instalment on a flat in Uttara, another floor on the family house in Sylhet. Property payments are large, dated and specific, and the taka figure has to be exact.
Fees for school and university
A younger sister's admission fee, a nephew's coaching classes, a cousin's semester at a private university in Dhaka. Fees fall due on the institution's calendar rather than on yours.
Ask ten people on the Danforth what they send home for and you will get four answers with different names attached. These are the four.
Five reasons Canadians use Grey for Bangladesh
The first transfer to Bangladesh is the only one that takes any setting up.
Open the account with a valid identity document, fund a balance in US dollars, pounds or euro, and add your recipient once, whether that is an account number at Islami Bank Bangladesh or a bKash number. After that, the monthly transfer to Dhaka is a rate to look at and a button to press. Every transfer is encrypted and trackable, and support is in the app if a payment does not look the way you expected.
FAQs
Can I send from Canada to a bKash or Nagad wallet?
Yes. Enter the mobile number the bKash or Nagad wallet is registered to, and the taka credits that wallet directly.
Which Bangladeshi banks does Grey pay into?
Dutch-Bangla Bank, BRAC Bank, Islami Bank Bangladesh, Eastern Bank and Standard Chartered Bangladesh, using your recipient's account number.
How quickly does taka reach Dhaka from Canada?
Sent from a funded Grey balance, transfers to Bangladeshi bank accounts and mobile wallets typically arrive within minutes.
Can I hold Canadian dollars on Grey before sending taka?
No. Your Grey balance is held in US dollars, provided by Lead Bank, in pounds or in euro, and converts to taka when you send.
Does my family in Sylhet need a Grey account to receive money?
No. The taka arrives as an ordinary credit in the bank account or wallet they already use, and Grey charges them nothing.
Will the taka amount change after I confirm the transfer?
No. The rate is fixed at confirmation, so the taka figure shown on screen is the figure that reaches Bangladesh.
Can I use Interac e-Transfer to send money to Bangladesh?
No. Interac e-Transfer stays inside Canada. Grey converts your balance to taka and pays a Bangladeshi bank account or wallet instead.
Can I send larger amounts for a property purchase in Dhaka?
Property payments go to a Bangladeshi bank account like any other transfer. The exact taka figure is shown before you confirm it.
What do I need from my parents to set up the first transfer?
Their name as the bank holds it and their account number, or the mobile number their bKash or Nagad wallet uses.
Is it cheaper to send once a month or more often?
Grey shows the rate and fee on every transfer, so compare the taka delivered across a year rather than the fee on one payment.
My brother in Dhaka also uses Grey. Is that different?
Yes. A GreyTag transfer between two Grey users is free and instant, with no bank account or wallet details needed.
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