SaaS and software companies in Bangladesh are service exporters. The usual setup is a local current account for home market sales and salaries, Payoneer or an authorised dealer bank to receive money from clients abroad, and an Exporters Retention Quota account to keep a share of foreign earnings for cloud and subscription costs. Wise Business is not offered to Bangladesh based businesses as of 4 February 2026.
Suits SaaS best
A domestic current account plus Payoneer for receiving and an ERQ account for foreign currency costs.
Typical fee
About BDT 300 half yearly maintenance on the local account plus VAT, with conversion charges on receiving. As of 4 February 2026.
ICT retention rate
35 percent of export proceeds may be retained in foreign currency. As of 4 February 2026.
Providers that fit
Domestic banks plus Payoneer. Wise Business is not available.
Fees and features as of 4 February 2026Last reviewed 4 February 2026
General information, not financial, legal, or tax advice. Verify current terms and eligibility with the provider before applying.
Software and SaaS firms in Bangladesh sell to clients at home and abroad and pay recurring costs in foreign currency for hosting and tools. The standard setup is a company current account at a scheduled bank such as BRAC Bank, City Bank, or Eastern Bank, Payoneer or an authorised dealer bank to receive overseas revenue, and an Exporters Retention Quota account that keeps part of the foreign earnings to pay cloud and subscription bills. The ICT and software retention rate is 35 percent as of 4 February 2026. Wise Business is not available to Bangladesh based businesses, so cross border receiving runs through Payoneer or the bank channel. Confirm current terms with each provider.
What SaaS and software companies in Bangladesh need from a business account
A software business needs to receive recurring revenue from clients abroad, pay salaries and local suppliers in taka, and settle foreign currency costs such as cloud hosting, app stores, and software subscriptions. Clean inward remittance records matter for export incentives and tax. A domestic current account covers home operations, while a receiving tool and an Exporters Retention Quota account handle the cross border side. As of 4 February 2026.
How the ERQ account helps a software exporter
Service exporters, including ICT and software firms, may keep a share of their foreign currency earnings in an Exporters Retention Quota account rather than converting everything to taka. The retention rate for ICT and software services is 35 percent as of 4 February 2026. International debit, credit, or prepaid cards can be issued against the ERQ balance to pay overseas vendors and subscriptions directly. The rate and the rules are set by Bangladesh Bank and can change, so verify the current position with your bank.
P
Payoneer
Receives money from clients and platforms abroad into local currency receiving accounts, then withdraws to a Bangladesh bank account. It is a receiving and payments tool, not a domestic current account, and pairs with an authorised dealer bank for retention.
Best for
Receiving recurring revenue from clients abroad
Fee
Free to open. Receiving and conversion fees apply, as of 4 February 2026.
A large private commercial bank used by technology firms for company current accounts and for foreign currency and ERQ accounts as an authorised dealer. Its PRAPTI current account opens with a minimum balance of BDT 1,000. Confirm ERQ eligibility and current terms with the bank.
Best for
A company current account plus an ERQ account
Fee
About BDT 300 half yearly maintenance plus VAT on the local account, as of 4 February 2026.
Compare accounts for SaaS and Software in Bangladesh
These providers serve software companies in Bangladesh. Fees and eligibility shown as of 4 February 2026. Confirm current terms with the provider before applying.
Questions about banking for SaaS and Software in Bangladesh
How does a SaaS company in Bangladesh receive payment from abroad?
Software and SaaS firms are treated as service exporters. They commonly receive through Payoneer or through an authorised dealer bank, then retain part of the proceeds in an Exporters Retention Quota account. The ICT and software retention rate is 35 percent as of 4 February 2026. Wise Business is not available to Bangladesh based businesses. Confirm current terms with the provider.
What is an ERQ account and why does a software firm need one?
An Exporters Retention Quota account lets a service exporter keep a share of foreign currency earnings to pay overseas costs such as cloud hosting and software subscriptions. International cards can be issued against the ERQ balance. The retention rate for ICT and software services is 35 percent as of 4 February 2026. Verify the current rate and rules with the bank.
Is Wise Business available to SaaS companies in Bangladesh?
No. Wise Business is not offered to Bangladesh based businesses as of 4 February 2026, so software firms typically use Payoneer for cross border receiving and an authorised dealer bank with an ERQ account. Confirm the current position with the provider.
How much does a software company current account cost in Bangladesh?
A local current account commonly carries a half yearly maintenance fee of about BDT 300 plus VAT, with transaction and conversion charges on top, as of 4 February 2026. Foreign currency and ERQ accounts have their own charges. Verify current figures with the bank.
Fees, features, and eligibility change and vary by region. This page was last reviewed on 4 February 2026. Confirm current terms with the provider before applying.