WISE - All required important information of a leading money transfer service provider (2024)

Brief Summary for Wise (USD-BDT)

Wise is a dependable worldwide remittance service provider that provides competitive exchange rates for individuals interested in transferring money from the US to Bangladesh by converting US Dollars to Bangladeshi Taka. Ensuring customer satisfaction is crucial for Wise, and the company guarantees secure transactions. With its effective payment methods, Wise is a fantastic choice for international money transfers and has received positive feedback from customers. Wise is recognized as a trustworthy peer-to-peer currency exchange platform that provides a fast, secure, and cost-effective solution for businesses and individuals who need to send money overseas.

Wise offers several payment methods with best USD to BDT exchange rates. You can either choose to make a card payment, that is, you can use both debit or credit card, or you can choose direct debit or bank ACH. The receiver will get the funds in their bank account, as they do not have any cash pick-up points in Bangladesh. Irrespective of the payment method, the receiver will get the fund in their bank account in about 4 to 5 business days. You can send up to $6,000,000. For Direct Debit transactions, the fee charged is based on the transaction amount and consists of a fixed fee of $1.96 USD plus a percentage of the transaction amount. The percentage varies depending on the transaction amount range. The percentage charged is 0.9% for transaction amounts between $1 to $100,000 USD, 0.77% for transaction amounts between $100,001 to $2,000,000 USD, 0.75% for transaction amounts between $2,000,001 to $5,000,000 USD, and 0.73% for transaction amounts between $5,000,001 to $6,000,000 USD. A noteworthy point is that the card transfer may not have competitive exchange rates compared to its counterparts, and the currency exchange rate may vary depending on the amount being transferred.

Wise is a trustworthy global remittance service provider that provides competitive exchange rates for converting US Dollars to Bangladeshi Taka, allowing individuals to transfer money from the US to Bangladesh. The company also extends loyalty promotions and referral programs to its existing customers who plan to send money to Bangladesh.