How to Transfer Funds from Elevate Pay to Bkash?

Mesan Ali

Aug 3, 2024

Aug 3, 2024

3 min read

3 min read

Bangladesh currently hosts more than a million freelancers who generate over a hundred million USD annually. Despite such a significant population actively dealing with USD, the struggle to find the most appropriate payment method continues. 

Many Western payment solutions can be used but a solution tailored to the needs of the Bangladeshi market is now high in demand. Elevate Pay introduced bKash as the preferred wallet to transfer funds to Bangladesh to make your life easier. 

With over 70 Million bKash users in the country, it is one of the country's most popular and frequently used payment platforms. Catering to local needs, Elevate Pay will help you transfer your USD funds to bKash in the local currency through a simple process. 

How to Transfer Funds From Elevate Pay to bKash? 

After completing the 3-step signup process for Elevate Pay, it takes a few simple steps to complete your transfer to bKash.  

Sign in and Tap ‘Send Money’

Sign in to your Elevate Pay app and tap ‘send money’ on the top right side of your screen. From the menu that slides up, select the option to ‘transfer money locally or abroad.’ 

Transfer money options on the Elevate Pay home screen after you sign in on the app.

Tap ‘New’ to Add Payee

On the next screen, tap ‘+’ in the bottom right corner and select the country Bangladesh from the following screen. 

Select transfer destination screen on the Elevate Pay app.

Select bKash

Once you select Bangladesh, you’ll have the option to select the preferred wallet bKash, or the option to transfer to a bank. You need to select “bKash.”

Elevate Pay screen for transfer options showing bKash.

Add Account Details

Provide your bKash account information, including the phone number associated with the account and the full name of the recipient as mentioned on their ID. To avoid rejections, the name of the recipient must match their official ID. 

Elevate Pay screen for entering recipeint details before money transfer.

Send Money at a low cost

Select the new account you added and enter the amount you wish to transfer. Get your funds in your account in 24 hours for just a fee of $1.50. 

Elevate Pay screen to review funds transfer details before sending.

Why Use Elevate Pay for USD Payments?

In today's world of high inflation and fluctuation of BDT it is not very reliable to save your earnings in local currency. Keeping this challenge in mind, Elevate Pay brings you the ultimate solution. You can easily transfer your money from freelance platforms to your USD account provided by Elevate Pay. Save them in USD and transfer only the amount you need to bKash or your local bank account as long as you wish. 

Now your hard-earned savings will be immune to any inflation and you’ll have a smooth payment path to use all your USD earnings. You can sign up for Elevate Pay with a simple 3 step process and start using it right away. Download your iOS or Android app now and begin USD banking.

Conclusion 

This walk-through will help you maximize your Elevate Pay account usage by now transferring funds to your bKash account. High usage of bKash in the country made this pairing inevitable. Now you can have swift access to your earnings. 

Whether you are looking to save your earnings in USD or longing to access them right away, Elevate Pay is the partner that will help you every step of the way.

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© 2024 Elevate Pay. Bloom Financial Technologies Inc trading as Elevate Pay is a financial technology company, not an FDIC insured depository institution. Banking services provided by Bangor Savings Bank, Member FDIC. FDIC insurance coverage protects against the failure of an FDIC insured depository institution. Pass through FDIC insurance coverage is subject to certain conditions.

© 2024 Elevate Pay. Bloom Financial Technologies Inc trading as Elevate Pay is a financial technology company, not an FDIC insured depository institution. Banking services provided by Bangor Savings Bank, Member FDIC. FDIC insurance coverage protects against the failure of an FDIC insured depository institution. Pass through FDIC insurance coverage is subject to certain conditions.

© 2024 Elevate Pay. Bloom Financial Technologies Inc trading as Elevate Pay is a financial technology company, not an FDIC insured depository institution. Banking services provided by Bangor Savings Bank, Member FDIC. FDIC insurance coverage protects against the failure of an FDIC insured depository institution. Pass through FDIC insurance coverage is subject to certain conditions.