Sonali Exchange Co. Inc. is an international money transmitter which has become the house hold name among the Bangladeshi community in USA due to its enviable trustworthiness and quality services. This organization is the subsidiary of Sonali Bank Ltd., the largest commercial bank in Bangladesh.
Introduction of cash pickup by Sonali Exchange, has played a vital role in its remittance business. Only the customers who pay cash at the counter, can take this service. The beneficiary in Bangladesh, does not need to have account in any branches in this bank, but can withdraw money from any branch of Sonali Bank Ltd. by showing valid identity.
After the transaction, customer gets a PCN number which needs to be informed to the beneficiary in Bangladesh. Having the PCN, the beneficiary goes to branch on the next morning with that PCN number and a valid Identity card, i.e., National Voter ID. The fund is available immediately in the working hour even in the remotest area in Bangladesh.
Following table narrates the rate of commission for Express Services.
| Slab | Commission |
|---|---|
| Below $500.00 | $3.00 |
| $501.00 - $1,000.00 | $5.00 |
| $1,001.00 - $1,500.00 | $8.00 |
| $1,501.00 - $2,000.00 | $10.00 |
| $2,001.00 - $5,000.00 | $12.00 |
| $5,001 and above | $15.00 |
Sonali Exchange does not charge any extra service charge for this special and speedy service.
You can pick money up from all district head quarter Branches of Sonali Bank Limited and also from the following branches of major cities:
| Branches | Address | Telephone |
|---|---|---|
| Manhattan | 336 E 45th Street, 8th Floor, New York, NY 10017 | (212) 808-0790, (212) 808-4085 |
| Jackson Heights | 37-17 74th Street, Suite # 2R Jackson Heights, NY 11372 | (718) 507-6002 |
| Brooklyn | 474 McDonald Ave, 1st Floor, Brooklyn, NY 11218 | (718) 853-9558 |
| Astoria | 29-31 Newtown Avenue, Astoria, NY 11102 | (718) 777-7001 |
| Atlanta | 4897 Buford Hwy, Suite 230 (2nd Floor), Chamblee, GA 30341 | (770) 936-9906 |
| Michigan | 11319 Conant Street, Suite # B, Hamtramck, MI 48212 | (313) 368-3845 |
| Paterson | 436 Union Avenue, Paterson, NJ 07502 | (973) 595-7590 |
| Jamaica | 87-79 168th Street, Jamaica, NY 11432 | (347) 644-5150 |
| Ozone Park | 74-17 101 Avenue, Ozone Park, NY 11416 | (347) 505-8670 |
| Bronx | 21-51 Starling Avenue, Bronx, NY 10462 | (718) 822-1081 |