Remittance Business

Our over six million expatriates are a source of pride for Bangladesh. They represent us abroad by building our image. They also spread the richness of our cultures across the globe. In that sense, they are the ambassadors of goodwill for Bangladesh. Their contribution is equally important, if not more, in the contribution they make to the economy of the country. The foreign exchange they send home is the second largest source of much needed foreign exchange for our economic development. In fact if we adjust import costs against export of the garments sector that overtly brings more foreign exchange to the national economy, remittance will figure as the single largest source of foreign exchange for Bangladesh. Nationalized and private banks are the principal agents for bringing remittance to the country. Although Southeast Bank has entered into remittance late compared to the other private banks, it has continuously strived to build its remittance business around quality service by making it easy for remitters to remit money through a network of agreements with reputed banks and remittance houses abroad and an extensive network in the country to deliver the money to the beneficiaries at their door in the quickest possible time and without hassles.
We deliverer money to the beneficiaries without service charges. We assure confidentiality in transactions. Additional features of our one - stop remittance delivery service are: Use of mobile and SMS to contact the beneficiary. Home delivery of remittance business where necessary and possible. Initiate Remittance Card Service for use in ATM booths. Register data for later use for instant cash payment over the counters. On line account credit to those who have accounts with branches of Southeast Bank. Account credit services using on line facilities of other banks. EFF/TT services. Mail transfer (MT). Assist in opening Wage Earner Accounts. Assist in opening accounts under different types of savings schemes. Provide anti money laundering advice.

Global Partners
Western Union Money Transfer Services (www.westernunion.com) UK (United Kingdom) based Money Transfer Companies: AN Express Limited Rumana Money Services UK K.F. Money Transfer UK (www.kfenterprises.co.uk) K.M.B Money Transfer UK Khan Money Transfer UK Bangladesh Money Transfer UK Limited UAE (United Arab Emirates) based Money Transfer Companies: Al Ahalia Money Exchange Bureau (www.ahaliaexchange.com) Al Fardan Exchange Wall Street Exchange Centre LLC (www.wallstreet.ae) Xpress Money Services Limited (www.uaeexchange.com) Al Ansari Exchange (www.alansariuae.com) Habib Exchange Co.LLC (www.habibexchange.com) Lulu Exchange Co.LLC (www.luluexchange.com) Sultanate of Oman based Money Transfer Companies: Oman & UAE Exchange Center & Company (www.uaeexchange.co.in/branchesoman.htm)

1. Western Union Money Transfer Services

Western Union, a global leader in money transfer service, helps to send money to loved ones quickly and reliably with convenience and control through more than 245,000 Western Union Agent locations in over 200 countries and territories. Western Union money transfer service is ideal for transferring money virtually at any time, anywhere, providing a high level of security, flexibility and reach with the fastest, easiest money transfer solutions. With the signing of the Representation Agreement between Western Union Financial Services, Inc., U.S.A. and Southeast Bank Ltd., Bangladeshi Wage Earners abroad can now send their hard - earned money through Western Union and their families and friends can receive the money in minutes by visiting any of the 56 branches and 10 SME locations of Southeast Bank Ltd. all over Bangladesh. The Beneficiary does not have to pay any fee to receive the money transfer. With Western Union and Southeast Bank Ltd., money transfer has never been so easy; it is a 3 step process: The sender will receive money receipt with Money Transfer Control Number (MTCN) from any of the Western Union agent location outside Bangladesh after depositing money. The sender will inform the money transfer detail (amount of money sent, sender's name, receiver's name, destination country, and MTCN) to the receiver. The receiver will receive the money from any of the 66 Branches of Southeast Bank Ltd. by showing a valid Identification and filling a form. Money transfers can be received from 9.00 A.M. to 3.00 PM on Sunday through Thursday and from 9.00 A.M. to 12.00 PM on Saturday in 17 Authorized Dealer branches.

2. RIA
The RIA money transfer is a form of electronically transferred funds to other accounts and people. With the advent of the internet and the technological boost around the world, electronically transferring funds has also been hit with a boom. People all over the globe are networking and communicating with each other. With the sharing of ideas, products and services also comes the trading of money. One of the best ways to transfer funds is using a money transfer or wire transfer. The most commmon type of money transfer that people run into on a daily basis are retail money transfers. Brands such as Western Union, RIA Financial, MoneyGram, PayPal are all companies that provide retail money transfers. They simply charge you a service fee and will send your money to wherever need be, just like any other retailer would. These money transfer rates can vary depending on which company you choose, the amount you are transferring and to where you are transferring.

Rates are generally a case by case figure so you would need to contact a company with your details to find out the rates. Companies such as Western Union however, have taken some heat because of the ease of money laundering and criminal activity with money transfers. However this is not all their fault and is likely with the type of business they are in. If you are using money transfers for everyday normal purposes there is really no need to worry about this association with illegal activity. Sending money for personal or business purposes is what these companies thrive on and were meant for. An RIA money transfer, specifically from the company RIA Financial, is what we are going to be spending most of our time discussing. The great thing about RIA is that you are able to send money internationally. Perfect if you have family back home or in another country, conductinng worldwide business and the likes. To initiate a money transfer through this company you can either log on to their website or visit a physical location where agents are located. These agents will guide you through the process of sending money. The easiest option would be to transfer money online by filling out a few online forms and providing the necessary information. RIA financial is great because they offer this service through the internet as well in physical locations. A company with a physical as well as online presence promotes their status as a sound and trusted company. Once you initiate your transfer there are several things to do next. If you are the person who sent the money you can check on the status either online or by contacting one of these agents. Its really simple to keep up date and keep on eye on whats going on with your money. Something everybody wants in a money transfer service. If you are the one receiving money you will need proper forms of identification and can also contact an agent or look online to see where the money being held in your name is located. Once the transfer has taken place, and you show ID, the money then can be all yours.

These are some of the basics to know about sending money internationally, and using an RIA money transfer to do so. Hope this helps you when the next time you need to wire money.

Money Transfer
Sending global money transfers through Ria and Its global network of 155,000 locations is fast, safe and secure. We guarantee that your family, friends and business partners will receive their funds in a timely manner, with excellent customer service at all of our agent locations.

Ria stands out from our competitors. Choose Ria and you'll discover:

Competitive pricing Agent or easy-online order processing Responsive customer service Prompt delivery Emphasis on security, accuracy and compliance Convenient worldwide locations Easy, quick Internet money transfers (Coming Soon)

How to Send Money

To send money, contact one of Ria's 140,000 locations worldwide. To find a location near you, please click on our Locations Search or call Ria's toll-free number (within the U.S.) at 1-800-500-3994, or 1-562-3452119.

Security Safeguards
Every Ria money transfer is processed using our proprietary software system and screened for accuracy, completeness and federal compliance. Our attention to detail virtually guarantees that transfers arrive at their destination promptly and safely. We work hard to earn and maintain customer confidence around the world.

3. TransFast - Money Transfer Service

About Us

Since 1988, Trans-Fast has provided its customers a reliable and affordable way of sending money to their families and friends. Our mission is to provide the most secure, fast, affordable and convenient way of sending money worldwide, anytime of the day or night. In addition to an extensive and ever growing network of agents in the U.S. and around the world, we have established an online presence. Our agent network, built over the last two decades, includes over a hundred thousand points of payment around the world. With Trans-Fast your loved ones back home have choices, they can pick-up their remittance in cash, receive it directly into their bank account, and receive money via many other convenient options.

Having operated as a licensed money transfer company in the United States for over two decades, Trans-Fast adheres to the highest compliance and safety standards. In our 22 years in the money transfer business our customers have trusted and relied upon us to provide a high quality service.

We understand how important each and every transfer is to our customers and are committed to earning your business. We are expanding our online services to a growing list of countries, so please check back again if your country of choice is not yet offered.

How does Trans-Fast work?

It's easy! Once you have an account. Simply input the amount you want to send, select the type of service, provide who you want to send the money to (the remitter and beneficiary information), and hit send

What payment methods can I use to send money? Funds are debited directly from your U.S. bank account. Trans-Fast takes care of all wire fees. You can send funds as soon as you confirm the 2 deposits that Trans-Fast makes into your account What methods can I use to receive money?
You can receive funds in three ways. 1) Cash pick up in 10,000 locations, 2) Delivery to your doorstep in qualified locations, and 3) bank deposit

Transferring money is rather easy when using TransFast. You are limited to only a few states but they got most of the states. If you are from Arizona you can still sign up for the service. This is a little frustrating because when you get to the payment phase of the process they ask you to fill in your bank account information to setup your ACH payment. However certain states are missing from the list. I even gave them a 520 Area code while signing up to see if they would alert me that I was from a State that they don't allow. I was disappointed they let me register for the service even though I told them I was using an Arizona phone number.

From the list they have the major ones:

4 Easy Ways to Receive Money: Cash Reloadable pickup debit cards anywhere Bank Home deposit delivery

Why Sending Money with Trans-Fast is Better: Highest exchange rate 24x7 live support Over 10,000 pick up locations Guaranteed security & privacy

4. Xpress Money Services Ltd

Xpress Money Services is a leading global instant money transfer service that began its operations in 1999. In less than a decade the company has grown at a exponential rate with a presence in 125 countries across 135,000 locations. One of the few NBFCs with a SWIFT membership Xpress Money's network and services are unparalleled in the remittance industry. Over the last 12 years, we have strived to provide our customers with an affordable, accessible and alternative instant money transfer service that has because of its dependability become globally recognized. Xpress Money aims to be the world's most dependable instant money transfer brand with a service that is Simple, Fast and Safe.
http://www.xpressmoney.com/

Specialties
Send Money, Receive Money, Instant Money Transfer, Global Money Remittance, Account Credit Services, Cash PickUp Services, Wide Global Network, Reliable and fast money transfers

How it Works Send & Receive Money with Ease! How to Send Money

Visit any Xpress Money send agent Fill out a send money form Make sure that the beneficiarys name is spelt correctly Hand over amount to be transferred and transfer charges Give the beneficiary the unique 16 digit XPIN number

How to Receive Money

Visit the receive agent Hand over official photo ID Present 16 digit XPIN number Money is paid out in minutes

5. Al Ansari exchange
Al Ansari Exchange

Category : Services, Banks & Financial Services

Al Ansari Exchange is a leading Money Exchange house in the region. It has a strong network of international corresponding banking and business partner relationships and provides customers with reliable, fast and cost effective services in foreign exchange, money transfer and credit card bill payments.
GIT

Sending cash to your loved ones has never been more convenient and affordable with Cash Express. The in-house developed service provides fast, secure and reliable money transfer services around the world with an extensive and ever growing network of agents. With Cash Express your loved ones back home have choices, they can pick-up their remittance in cash, receive it directly into their bank account, and receive money via many other convenient options. Cash Express now covers more than 20 countries with over 80 agents spreads in strategic points around the world. * Door to door service also available in Philippines only.
How To Send / Pick Money? HOW TO SEND/PICK MONEY? | TRACK A TRANSACTION | TRANSFER FEE

How to Send Money from an Agent Location Get advantage of our widely spread network of branches and agents. Visit your nearest branch or agent. Ask for money transfer form. Fill the form, return it to the agent with cash and your valid identification. Sign the receipt. Your receipt will have the ICTC (Instant Cash Transfer Code) Number that will allow you to track the status of your money transfer online. How to Pick Up a Money Transfer Money can only be received in person, just visit our branch or an agent. Present the ICTC Number (Instant Cash Transfer Code). Tell sender's name and country the money was sent from with amount that was sent. Show your identification card to the agent. Sign the receipt that the Agent gives you. The Agent will give you the money that was sent to you.

6.

KMB

Why K.M.B. Money

Transfer money to family in Bangladesh instantly, safely and securely from your PC .We recognise the importance of remittance to you and your family. This is reflected in our low fees, speed of funds transfer and our convenient on-demand service. Foreign exchange rates are calculated daily and linked to the official exchange rate in Bangladesh.Compare our rates and our service - we are sure you will be impressed.

Send money to Bangladesh in three easy steps You can send $5000.00 per month.

1. Select country, amount and receive option.

2. Select the recipient.

3. Select your payment method.

Send Money We work for you!

K.M.B. Money is a currency specialist offering both companies and private individuals better money exchange rates and providing an exceptional foreign exchange service with no hidden fees, no transfer charges, no commission charges on your currency exchange transactions. You can open an account for free with us to save money on your currency exchange transactions

Online Payments Quick and smart way to fulfill your responsibilities...

Multi Award Winning Exchange Company No Transfer Fees 24/7 Facility Great Exchange Rates FSA Regulated No commission or hidden fees Reliable and secure

How to send money online

K.M.B Money Transfer provides you to an easy way to transfer money through online. And you can be worry-free about the transaction security. Going to a bank and sending the money to your dear ones will be an arduous task. Best hassle free option for you, would be to send the money online in just 4 steps.

1. First step is to login to your Online Account. If you do not have an online account, register with us. 2. Next step is to select the currency and the desired account you wish to transfer. 3. Enter your debit card details and also specify the amount you wish to transfer. 4. Complete the transaction. You will receive an email about the transaction details. The process
Customers can call and speak to a professional and knowledgeable consultant about their requirements around the clock, without any obligation to open an account or use their services. KMB Enterprises Money Transfer Limited will talk through the various options available to you, and highlight any products or transfers, which may suit your particular circumstances. If you then wish to use their services, you can register very simply online and you will then be given your own personal contact to look after you going forwards. There is no cost to having an account, and you are still not obligated to use them in anyway. You can then call them whenever you need to discuss requirements, or receive a live market quote, which can then be booked over the phone, or using their best in class online platform. When you book a rate it does then become contractual, and you will need to instruct your bank to send your funds to the KMB Enterprises Money Transfer Limited account they specify. On receiving your funds, KMB Enterprises Money Transfer Limited will conduct the transfer at your agreed rate, and make onward payment to whichever account you specify

7.

K F Enterprises Limited offer a wide range of foreign exchange services for personal and businesses looking for currency exchange. K F Enterprises Limited are a money

transfer specialist business providing competitive exchange rates, with fast currency transfers and no exorbitant fees. K F Enterprises Limited are ideal for one-off or regular transfers, making it simple and easy, so you can save time and money. Consider using K F Enterprises Limited foreign exchange brokers to get a free no obligation quote plus free market updates daily by email to stay in control. Why use K F Enterprises Limited foreign exchange broker?

Excellent exchange rates with no commission or charges Up to 5% better than the banks. Ability to fix your exchange rate up to one year ahead Instant, fast, free international transfers Forward Contracts Free transfers Online payments system

The process Customers can call and speak to a professional and knowledgeable consultant about their requirements around the clock, without any obligation to open an account or use their services. K F Enterprises Limited will talk through the various options available to you, and highlight any products or transfers, which may suit your particular circumstances. If you then wish to use their services, you can register very simply online and you will then be given your own personal contact to look after you going forwards. There is no cost to having an account, and you are still not obligated to use them in anyway. You can then call them whenever you need to discuss requirements, or receive a live market quote, which can then be booked over the phone, or using their best in class online platform. When you book a rate it does then become contractual, and you will need to instruct your bank to send your funds to the K F Enterprises Limited account they specify. On receiving your funds, K F Enterprises Limited will conduct the transfer at your agreed rate, and make onward payment to whichever account you specify.