Business Details
32 Years
experience
Trusted Money Transfer to Bangladesh
Sonali Exchange has been a trusted provider of international money transfer services to Bangladesh since 1994. As a subsidiary of Sonali Bank Ltd., the largest commercial bank in Bangladesh, we combine institutional strength with personalized service to deliver secure, fast, and reliable financial solutions. Our Money Services Business (MSB) license spans seven U.S. states, supported by nine strategically located branches and a cutting-edge mobile application. With direct access to Sonali Bank's 1,200 branch network in Bangladesh, we ensure seamless fund delivery through multiple channels including bank transfers, cash pickup, and mobile financial services.Our team of experienced professionals maintains strict compliance with regulatory requirements while prioritizing customer satisfaction through competitive exchange rates and transparent fee structures. Backed by over three decades of operational expertise, we continue to serve as the preferred remittance channel for the Bangladeshi diaspora in the United States.
Services
International Money Transfer
Real-Time Transmission
Cash Pickup Service
BLAZE Instant Cash
MFS Mobile Financial Services
Details
- Year established: 1994
Highlights and features
- We offer the lowest fees when sending money to Bangladesh
- Our service is 100% secure as a subsidiary of Sonali Bank Ltd.
- We provide real-time money transmission through 1,200 Sonali Bank branches
- Our mobile app enables instant transfers 24/7 from any location
- We maintain 17 years of continuous service with regulatory compliance
Services
International Money Transfer
We specialize in secure cross-border money transfers to Bangladesh with competitive exchange rates. Our service connects directly to Sonali Bank's extensive branch network, ensuring reliable fund delivery. Customers can send money through multiple channels including in-person, mail, or our mobile application.
Real-Time Transmission
Our electronic fund transfer system delivers money to Bangladesh in real-time. This service supports direct deposits to any Bangladeshi bank account and immediate cash availability through Sonali Bank branches. The process maintains full transaction security and tracking capabilities.
Cash Pickup Service
Beneficiaries in Bangladesh can collect transferred funds in cash at any Sonali Bank location. This service requires valid identification and provides immediate access to funds. We maintain strict verification protocols to ensure secure transactions.
BLAZE Instant Cash
BLAZE service enables instant cash delivery for non-Sonali Bank account holders. Recipients receive funds through partner agents without bank account requirements. This service operates through verified distribution channels across Bangladesh.
MFS Mobile Financial Services
We support mobile money transfers to Bangladesh through Bkash and NAGAD platforms. This service allows instant fund access via mobile wallets. Our system integrates with major Bangladeshi mobile financial providers for convenient digital transactions.
People
Mohammad Muslim Chowdhury
Chairman
Former Finance Secretary of Bangladesh with 33 years of civil service experience. Holds advanced degrees in finance and accounting. Oversees strategic direction and institutional partnerships.
Md. Shawkat Ali Khan
CEO and MD
Banking executive with 26 years of experience in credit, finance, and risk management. Former Managing Director of Bangladesh Krishi Bank. Leads operational strategy and service development.
Md. Ataur Rahman
Director
Retired General Manager of Sonali Bank with international banking experience. Served as CEO of Sonali Exchange from 2007-2011. Provides regulatory compliance expertise.
Mohammad Mohsin Kabir
President and CEO
Development studies expert with 15 years of banking experience. Former Assistant General Manager at Sonali Bank. Manages day-to-day operations and customer service initiatives.
Mohammad Sadat Hossain
IT Manager
Technology leader responsible for digital infrastructure and cybersecurity. Oversees mobile app development and online transaction systems. Ensures compliance with financial technology standards.
Questions
What are the fees for sending money to Bangladesh?
We charge the lowest fees in the industry with transparent pricing. Exact amounts depend on transfer value and method. Detailed fee schedules available on our website.
How long does the money transfer take?
Transfers complete in real-time through our electronic system. Beneficiaries can access funds immediately through bank accounts or cash pickup locations.
What identification is required for cash pickup?
Beneficiaries need valid Bangladeshi NID (National Identity Document) for cash pickup. Additional verification may be required for large transactions to ensure security.
Is my money transfer secure?
All transactions use encrypted systems with multi-factor authentication. As a subsidiary of Sonali Bank, we maintain strict financial security protocols and regulatory compliance.
Can I track my money transfer?
Yes, every transaction receives a unique reference number. You can track transfers through our website, mobile app, or by contacting customer service with your transaction details.
What payment methods are available?
We accept cash, checks, and mobile app payments. Our digital platform supports instant transfers while physical locations handle in-person transactions and check deposits.
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