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Bangladesh is now far ahead in the freelancing sector. So this post of ours today is thinking about the benefits of freelancers. New freelancers have to suffer a lot in this regard. Because many do not know the rules of bringing home money for freelancing. The method of bringing money from abroad to Bangladesh is not complicated at all. However, since this is an international transaction, many people are a little afraid and it is unusual not to be afraid! FreelancingAlmost all transactions in the sector are in US dollars, so in this case, when converting to Bangladeshi taka, different rates are available through each medium. So many people have a question about this which gives the best rate and money back guarantee. So today we will discuss how to legally bring money from abroad to the country. Since I said “legitimately”, the mediums I will talk about are 100% safe. So let's start the detailed discussion about the rules of bringing money from abroad
Your money from abroad will come as remittance to the country which has a great positive role in the country's economy. Actually Bangladesh has turned from a low-income country into a developing middle-income country, the artisans behind this unprecedented development are the expatriates and freelancers of our country. Those whose remittance money is running the wheels of the economy. New freelancers are especially hesitant when it comes to bringing money home from abroad. So today I hope you will get answers to all your questions in this post.
Rules for bringing money from abroad:
When you go to bring money from other countries, there are many avenues open to you. It is up to you to choose which one is safe, profitable and of course legal for you. Because there will be no guarantee or accountability of your money in an illegal way. So you should always bring your hard-earned money through legitimate channels. Now let's find out how you can bring money to the country.
What are the best ways to bring money from abroad?
Some of the best ways to bring money from abroad are:
- Banks from abroad
- Development from abroad
- Cash from abroad
- TapTap Send
- Western Union
These are the most popular means of bringing money from abroad to Bangladesh. You can safely withdraw your money using any of these methods.
Now let's know about these popular media in detail.
Rules for bringing money to the bank from abroad:
If you want to bring your freelancing money to the bank from abroad, then you need to take the help of any money transfer service. Because your client cannot send money directly to the bank. So in this case you have to take the services of International Money Organization. In case of bringing money in cash from Bikash or Bikash from abroad, the money should be accepted according to the same rules.
Rules for bringing money to Bikash from abroad:
Money can be easily brought from abroad to Bangladesh through approved and listed foreign banks, money transfer organizations and money exchange houses using Bikash. Payoneer, WISE are the most popular in this regard.
Rules for bringing money through Wise:
WISE is a UK based money transfer company. One of the most popular services to bring money from abroad to Bangladesh. WISE is well known to those who have been in the freelancing sector for a long time. Launched in 2019, this company has managed to gain the trust of more than 20 million customers. Money can be transacted using WISE from any local bank at the lowest rate.
Rules for withdrawing money through Payoneer:
Especially considering the freelancers, the feature of bringing money from Payoneer has been added to Bikash through the agreement between Bikash and Payoneer. Money can be brought from Peoneer to Bikash by linking the Peoneer account with Bikash account through Bikash remittance option.
Now let's know a little about how to bring money to development from Peoneer?
Rules for bringing money to Vikas from Peoneer:
To transfer money from Peoneer to Bikash, you must have a Bikash account and a Peoneer account. If you don't already have a Pioneer account, follow the steps below to open a Pioneer account:
- First of all go to Remittance > Payoneer > Create Payoneer Account with bKash option of BKash app
- Then complete the registration by providing all the required information correctly
It will take at least 3 working days for the account opened through Bkash app to become active. Within 3 working days, the Pioneer team will verify your information and confirm the registration of the account. Once the account is opened, the Pioneer and Bikash accounts should be linked. Follow the steps below to link your Bkash account with Pioneer:
- Enter the Bkash app and select Payoneer by tapping on the Remittance icon
- Then select “Link my Payoneer Account”.
- Provide the required information correctly
- Provide the OTP code sent to the mobile while linking the account.
Must be same registered name in Peoneer account and Bikash account name. After linking the account, you can bring foreign currency through Bikash Pioneer.
Rules for bringing money from Peoneer through Bkash:
- Select which foreign currency you want to add to Bikash by clicking on Remittance in Bikash app
- Then enter the amount and click on “proceed” option
- Then you will see the converted amount in Bangladeshi Taka. Click on “Tap to continue” option to convert to rupees
- After that, if the Withdrawal Request is accepted, the notification will come.
Rules for bringing money into the country through TapTap Send:
This mobile app-based company approved by the Financial Conduct Authority of America is very reliable, so there is no question about the security of money. Their operations in Bangladesh started in 2019. Tap to transfer money and it reaches the recipient in moments. Apart from this, TapTap Send has become popular among customers in a short time because of the best currency exchange rates. Money transactions on this app are so easy that there is no reason to discuss them separately. Once you install the app, you will understand everything very easily.
Rules for bringing money into the country through SKRILL:
Many freelancing marketplaces have SKRILL options for withdrawals. It can be said to be a blessing for the countries of the world which do not have PayPal like Bangladesh. Expats can also use this system to remit their money to the country. SKRILL has the facility of guaranteeing your money to reach you and low transaction charges. A Skrill account can bring money into the country through various means. All you have to do is open an account from their website to use this medium and the rest is quite simple.
Rules for bringing money into the country through Remitly:
Remitly is one of the best ways to bring dollars into the country at low cost. Remitly offers the convenience of money transactions with a service charge of only $2.99. Besides, the best rates are available for converting foreign currency into Bangladeshi Taka. Major banks in Bangladesh have already approved Remitly. Money transfer will be completed only after opening a free Remitly account and correctly providing the required information along with the name and address of the recipient. This transfer update will again reach the provider's mobile and email.
Rules for bringing money into the country through Western Union:
Western Union is one of the oldest and most reliable means of international transactions. Proper information about the address to which the money is being paid must be provided. By going to an agent to pay money or the user himself can convert dollars to money and send it to his relatives in the country or bring money for freelancing.
How to bring money into the country via Xoom:
XOOM is available in Bangladesh as an alternative to Paypal. And instead of PayPal, Zoom has gained quite a lot of popularity. Freelancers in particular had to suffer a lot due to the lack of PayPal because initially there was no payment gateway other than PayPal in freelancing marketplaces . You can easily open your account and make transactions by visiting XOOM's official website and filling the information correctly.
So this was the detail about the rules of bringing money from abroad or bringing dollars. You can easily repatriate your freelancing money by following the methods mentioned above at your convenience.
Feel free to ask any other questions in the comments below.
Thanks for read the post. You can also read the article in bangla - money-from-abroad
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