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HOMEMONEY TRANSFERSwitzerland
Send money from Switzerland to Bangladesh

Send money from Switzerland to Bangladesh

The money that moves from Zurich to Dhaka is usually working money: a bill with a due date, a term fee, a supplier's invoice. European fashion brands pay Bangladeshi factories, and the Bangladeshi diaspora in Europe sends home regularly.
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BDT
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taka for someone in Dhaka

The people sending from Zurich and Geneva to Bangladesh tend to know exactly what the recipient needs in taka. A rate that moves between send and settlement breaks that.

Grey fixes the EUR to BDT rate when you confirm and pays into Sonali Bank, BRAC Bank, Dutch-Bangla Bank, Islami Bank, City Bank or any Bangladeshi bank. European fashion brands pay Bangladeshi factories, and the Bangladeshi diaspora in Europe sends home regularly.

How sending to Bangladesh works

Grey foreign bank account in Ghana
Sign up
Download Grey, verify with your passport or residence permit, and you're set in a few minutes. Grey works with regulated partners in Europe.
Fund
Send euros to your Grey balance by SEPA transfer in euros from a Swiss bank. Hold it there, and convert to BDT only when the payment to Dhaka is due.
Send
Bangladesh needs bank, branch and account number, since the same bank has hundreds of branches. Enter all three, confirm BDT, send.

The cost of a transfer to Dhaka

Grey shows one rate, EUR to BDT, and one fee. Both are fixed before you send from Zurich. The amount that reaches Dhaka matches what you were shown.

What you agree is what arrives

The rate you accept in Zurich is the rate applied. Movements in either currency afterwards don't touch what arrives at Sonali Bank, BRAC Bank, Dutch-Bangla Bank, Islami Bank, City Bank.

Bangladeshi freelancers and small suppliers are used to being paid in dollars and losing a margin to their bank. Paying in taka, at a rate they can check, marks you out as a client worth keeping.

What Swiss senders put up with before

Banks in Bangladesh charge receiving fees on international wires and sometimes hold them for review. A payment from Zurich that lands as a domestic BDT credit at Sonali Bank, BRAC Bank, Dutch-Bangla Bank, Islami Bank, City Bank clears faster and arrives whole.

BDT into the account, nothing else

The person in Dhaka gets what they'd get from a local transfer: BDT credited to their account at Sonali Bank, BRAC Bank, Dutch-Bangla Bank, Islami Bank, City Bank. No collection, no code, no receiving fee. Confirmation shows in your app in Zurich at the same time.

BRAC Bank and the rest

Every bank in Bangladesh is covered, from the big names to regional ones.

Domestic credit

Your recipient sees a normal BDT deposit, not an international wire.

Confirmation in Zurich

The app in Switzerland shows settled the moment Dhaka receives it.

Funding from Switzerland, in practice

Most Swiss senders top up in euros and convert to BDT on the day. Swiss senders fund in euros by SEPA from UBS, PostFinance or Raiffeisen. Grey doesn't hold a franc balance, so the euro account is the working balance.

Bank transfer

UBS, PostFinance, Raiffeisen or any Swiss bank with a euro account to your Grey EUR account, usually within minutes.

Foreign earnings

USD from an overseas employer or platform can fund the Bangladesh transfer directly.

Wallet balance

Convert and send the same minute.
If the BDT amount matters more than the EUR amount, enter the BDT figure first and let Grey work back to what you'll pay.
Grey foreign bank account in Brazil.

Who this route is for

Garment importers

Deposits and balance payments to factories in Dhaka, Gazipur and Chittagong.

Remote hiring

Monthly pay for Bangladeshi developers, designers and support staff.

Pharmaceutical buyers

Payments to Bangladeshi generic drug manufacturers and distributors.

Family support

Monthly transfers to relatives in Dhaka, Chittagong, Sylhet and Comilla.

Geneva and Zurich host international organisations, NGOs and banks whose staff send worldwide. On the Bangladesh side, the picture is this. European fashion brands pay Bangladeshi factories, and the Bangladeshi diaspora in Europe sends home regularly.
Send Money to Bangladesh

The case for Grey on this route

No receiving fee
BRAC Bank sees a domestic credit. Nothing is skimmed on arrival.
Fee and rate shown apart
Two numbers, not one blended figure.
Recipient needs nothing
No app, no account, no code. Just their bank details.
Licensed, not a bank
Grey isn't a bank. We're a licensed financial services provider. Grey works with regulated partners in Europe. Every payment is encrypted and tracked to settlement.
Trusted by 3M+ users
In-app support covers Bangladesh like any other destination.

If you send to Dhaka regularly from Zurich, the difference between a good rate and a bad one isn't felt on one transfer. It's felt at the end of the year.

Same-day BDT into any bank in Bangladesh for most funded transfers from Zurich, with the cost on screen before you send.
Open a free Grey account

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Grey is a financial technology company, not a bank. Banking services are provided by licensed banking partners. Canadian services are offered by Grey Finance Inc with registered address at 1285 West Broadway Suite 600 Vancouver BC V6H 3X8. Canada. Grey Finance Inc. is regulated by FINTRAC. US services are offered by Grey Inc. with its registered address at 651 N Broad St, Suite 206 Middletown DE 19709 US. Grey Inc is regulated by FinCEN. Copyright © Grey Inc. [YEAR].