Consumers can instantly deposit money into SIBL accounts 24/7/365. Deposits to other banks, including Islami Bank Bangladesh, Sonali Bank, BRAC bank, and more, usually arrive in two days when sent during Bangladesh banking hours.

“We aim to give consumers the best money transfer service — hands down,” said Julian King, Xoom’s Vice President of Marketing and Business Development. “Bangladeshis in the U.S. can now skip lines at agent locations, save on fees, and send money in seconds, from home or on the go. Our intuitive online and mobile platforms make it so easy.”

With the launch of Bangladesh, Xoom’s global reach now stretches to 40 countries. Xoom makes it secure and convenient for busy, hardworking consumers to send money from their mobile phone, tablet or computer. When paying with a bank account, consumers can send up to $1,000 for just $4.99 and transfers over $1,000 are fee-free.

“Social Islami Bank Ltd. is committed to providing Bangladeshis in the U.S. with a better way to send money home,” said Mr. Md. Shafiqur Rahman, Managing Director at SIBL. “Through our collaboration with Xoom, we fulfill our commitment to immigrants in the U.S. while better serving our customers here in Bangladesh.”

Mr. A. M. M Farhad, Deputy Managing Director at SIBL, added, “SIBL is dedicated to customer satisfaction and will give the highest priority to every Xoom transaction. We’ll monitor every Xoom transaction to make sure it reaches the recipient’s account as quickly as possible.”