- You have no items in your shopping cart
- Subtotal: ৳ 0.00
Instantwebfix1523
Posted on
What is a Dual Currency Card in Bangladesh and Why You Need One
As the world becomes more connected, managing finances across borders is becoming a necessity for many Bangladeshis—whether for travel, online shopping, freelancing, or studying abroad. One smart financial tool gaining popularity is the dual currency card in Bangladesh. But what exactly is it, and how does it work?
What is a Dual Currency Card?
A dual currency card is a debit or credit card that can operate in both Bangladeshi Taka (BDT) and a foreign currency, typically US Dollars (USD). This type of card is issued by local banks in Bangladesh and is approved by the Bangladesh Bank, the country’s central banking authority.
In simple terms, it means you can use the same card for domestic transactions within Bangladesh and international transactions when you’re abroad or shopping on foreign websites.
Key Benefits of a Dual Currency Card in Bangladesh
1. Seamless International Transactions
Whether you’re booking a flight, paying for your Netflix subscription, or purchasing a course on an international platform, a dual currency card eliminates the hassle of currency conversion each time.
2. Avoid Double Conversion Fees
With a regular card, your BDT is often converted into USD via an intermediary currency (like EUR), leading to extra fees. A dual currency card avoids this by directly operating in USD when used internationally.
3. Great for Travelers and Freelancers
Frequent travelers and freelancers who earn or spend in foreign currencies will find a dual currency card more efficient and cost-effective than traditional cards.
4. Online Shopping on Global Platforms
Want to buy something from Amazon, AliExpress, or book a course on Udemy? A dual currency card makes this easy, safe, and fast—without worrying about failed transactions due to currency issues.
5. Better Budget Control
Since the card separates local and foreign currency balances, you can better track and control your spending. It also helps you stay within the limit set by the Bangladesh Bank’s yearly foreign exchange limit.
How to Get a Dual Currency Card in Bangladesh
Getting a dual currency card is easier than you might think. Here’s what you’ll typically need:
- A valid passport and national ID
- Bank account with a bank that offers dual currency cards (e.g., BRAC Bank, City Bank, Eastern Bank, etc.)
- Endorsement of USD on your passport (done by the bank)
Most banks now offer both Visa and MasterCard options with dual currency functionality.
Things to Keep in Mind
- There’s an annual foreign exchange limit set by the Bangladesh Bank (currently around $12,000).
- Not all online platforms accept Bangladeshi-issued international cards—check compatibility first.
- Keep track of your USD balance to avoid transaction failures while shopping or traveling.
Final Thoughts
A dual currency card in Bangladesh is no longer a luxury—it’s a necessity for the modern Bangladeshi lifestyle. From international travel to online entrepreneurship, having a card that supports multiple currencies can save you time, money, and a lot of headaches.
Whether you’re a student, freelancer, business traveler, or just love online shopping, getting a dual currency card might be one of the smartest financial decisions you make this year.
