Remitly vs Panda Remit: The Best Way to Send Money from the UK to Bangladesh

Benjamin Clark - 2025-10-14 14:57:08.0 171

Introduction

Whether sending money for family support, tuition, or emergencies, many in the UK search for “Remitly send money Bangladesh” to ensure fast, secure, and cost-effective transfers.

Remitly is a trusted global remittance platform offering competitive fees, transparent exchange rates, and multiple delivery options. Additionally, Panda Remit provides an alternative with zero-fee first transfers and loyalty rewards, making it appealing for new users.

Can You Send Money to Bangladesh with Remitly?

Remitly supports sending money from the UK to Bangladesh with various delivery options:

Bank Deposit: Direct transfer to the recipient's local bank account.
Cash Pickup: Collect funds at partner locations across Bangladesh.
Mobile Wallet: Funds can be sent to compatible mobile wallets.

Common banks in Bangladesh include:

BRAC Bank
Dutch-Bangla Bank
Bank Asia
Eastern Bank
Sonali Bank

Popular mobile wallets:

bKash
Nagad
Rocket

Panda Remit also offers instant transfer options, which can be helpful for urgent needs.

Step-by-Step Guide — How to Use Remitly for Bangladesh

Create an Account
Register via the Remitly website (https://www.remitly.com) or mobile app.
Verify Identity
Upload your ID and proof of address as required.
Choose Bangladesh as Recipient Country
Set Bangladesh as the transfer destination.
Select Delivery Method
Options include bank transfer, cash pickup, or mobile wallet.
Enter Recipient Information
Include full name, bank account, or mobile wallet details.
Pay & Track Transfer
Fund the transfer via bank account or debit card (credit cards are not supported) and track your transfer in real-time.

💡 Panda Remit allows fully online zero-fee first transfers.

Fees, Exchange Rates & Limits

Remitly charges a fee of £0.99 for transfers to Bangladesh with an approximate exchange rate of 1 GBP = 160.63 BDT.

Actual rates may vary slightly depending on timing and transfer speed.

Panda Remit provides zero-fee first transfers and seasonal coupon codes for new users.

Transfer Speed & Delivery Options

Remitly offers:

Express: Transfers are usually completed within minutes to a few hours.
Economy: Transfers take 1–3 business days but may be more cost-effective.

Delivery channels include bank accounts, cash pickups, and mobile wallets.

Panda Remit also offers instant bank deposits, making it convenient for urgent transfers.

Useful Tips Before Sending Money

Monitor Exchange Rates
Send larger amounts when rates are favorable.
Avoid Using Credit Cards
Remitly does not support credit cards, and using them may incur extra charges.
Verify Recipient Information
Ensure names and account/wallet details are accurate.
Compare Providers
Fees and rates may vary; always compare before sending.
Watch Promotions
Panda Remit offers referral bonuses and coupon rewards.

Conclusion & Recommendation

Remitly is a reliable platform for sending money from the UK to Bangladesh, with transparent fees, fast transfers, and multiple delivery options. Panda Remit offers value for new users through zero-fee first transfers and loyalty rewards.

For secure, fast, and cost-effective transfers, consider both Remitly and Panda Remit.

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