Remittances Guaranteed Within Two Working Days

Bangladesh Bank has issued new directives to ensure that remittances from overseas Bangladeshis are credited to recipients’ accounts more swiftly, securely, and transparently. Under the new guidelines, authorised dealer (AD) banks are instructed to deposit received remittances either on the same day of receipt or by the next working day. While the directive takes immediate effect, banks have been granted until 31 March 2026 for full implementation.

The initiative aims to simplify the remittance process for expatriate Bangladeshis while strengthening the stability of the country’s global financial flows. The guidelines emphasise speed, transparency, and the adoption of modern processing techniques.

Key Provisions of the Directive

Customer Notification: Banks must promptly inform customers of incoming remittances through secure electronic channels.

Remittance Credit: Funds received during banking hours must be credited the same day; those received outside business hours should be credited the following working day.

Processing Methodology: Banks are encouraged to use Straight-Through Processing (STP) or risk-based expedited processing.

Provisional Credit: Initial credit can be based on preliminary information, with full verification completed subsequently.

Post-Credit Review: Transactions that cannot be fully processed immediately must be completed within three working days.

Transaction Tracking: Unique end-to-end transaction references (UETR) are mandatory throughout the remittance process.

Digital Platform Strengthening: The digital forex system must be enhanced to streamline Form C and Form C (ICT) procedures.

The table below summarises the main aspects of the new directive:

A senior official of an international bank in Dhaka noted, “These guidelines will enhance trust between banks and expatriate Bangladeshis, while reinforcing Bangladesh’s position in the global financial flow network.”

Experts believe the initiative will make remittance processing faster and more transparent, modernise the country’s foreign currency management, and align it with international standards. Consequently, expatriates will see their funds securely credited to their accounts within two working days, generating a positive impact on the national economy.

In this way, the new directive promises to make financial transactions for overseas Bangladeshis simpler, safer, and more reliable, benefiting both individual recipients and the country’s broader economic framework.