Payment rail · Bangladesh
Payment rail · BangladeshWhat is BEFTN?
BEFTN — the Bangladesh Electronic Funds Transfer Network — is Bangladesh’s batch network for interbank electronic credits and debits, operated by Bangladesh Bank with net settlement on the central bank’s own books. Poplin pays out to Bangladesh over BEFTN, settling within one business day at the latest.
Source: Bangladesh Bank (opens in a new tab)
Updated · Reviewed by Joyce Chin, Chief Operating Officer & Compliance Officer
Which rail reaches…
Which rail reaches your recipient?
No destinations match that search.
A payout to Bangladesh clears fastest over
BEFTN
settles within one business day · 1% + $1.00 on a business account
Also reaches USD accounts over
Set from your location — change it above.The recipient’s account details decide the rail — the fee is always shown before you send.
// at a glance
What the rail sets for a payout over BEFTN — and what Poplin charges to send.
Settlement
Next day
a ceiling, not the typical time
Reaches
1
country — Bangladesh
Paid out in
BDT
Bangladeshi taka
Business fee
1%
plus a $1.00 fixed fee
Clearing
Local
domestic clearing
Days are business days — a Saturday delays a same-day or next-day payout. These are ceilings, not typical times: within the window, how fast the money lands depends on the receiving bank.
// how it moves
How BEFTN payouts move.
From your US-dollar balance to an account in Bangladesh — four steps.
You send from USD
Enter an amount in your Poplin US-dollar account and confirm the payout — the full fee shows before you send.
Converted at mid-market
Dollars become Bangladeshi takas at the mid-market rate — no markup added.
Cleared over BEFTN
Poplin clears the payout over BEFTN, Bangladesh’s electronic funds network.
Arrives inside the window
BEFTN settles within one business day — a ceiling, not the typical time; how fast it lands depends on the receiving bank.
// coverage
Where BEFTN reaches.
Sending somewhere else?
Each destination clears over its own set of rails. See the rail, speed, and fee for any destination — or the fee for every rail on one page.
BEFTN — FAQ
Basics
What is BEFTN?
BEFTN — the Bangladesh Electronic Funds Transfer Network — is Bangladesh’s batch network for interbank electronic credits and debits, operated by Bangladesh Bank with net settlement on the central bank’s own books. Poplin pays out to Bangladesh over BEFTN, settling within one business day at the latest.
Speed
How long do BEFTN payouts take?
Over BEFTN, Poplin payouts settle within one business day. Payments leave your account in seconds; BEFTN then clears the payout to the recipient’s bank.
Cost
How much does it cost to send money over BEFTN with Poplin?
A percentage of the amount plus a $1.00 fixed fee — 1% on a business account and 1% on a personal account, shown in full before you send. Conversion, where the payout currency isn’t US dollars, is at the mid-market rate with no markup.
Coverage
Which countries does Poplin reach over BEFTN?
BEFTN is how Poplin pays out to Bangladesh, in BDT. Poplin also reaches Bangladesh over SWIFT (USD) — which one a payout uses depends on the bank details your recipient has.
Send US dollars to Bangladesh over BEFTN.
Open a US-dollar account in minutes. No monthly fees.