You have three main options when you decide to transfer money to the United Arab Emirates.
Firstly, you can use a high street bank. Alternatively, you can make use of a Money Sending bureau or a foreign exchange bureau to transfer money to the UAE.
Whichever way you choose and whatever you need to transfer your money for, doing some research first will help save you money in the long-term.
If you opt to use a bank in your country of residence to transfer money to the UAE then you will benefit from a convenient service.
However, this is somewhat counterbalanced by the extra costs involved in transferring money to the United Arab Emirates through a bank. You will need to factor in the poor currency exchange rate that you will receive, along with the large transfer fees that will be charged per transaction.
Using a Money Sending bureau, meanwhile, is unlikely to be much cheaper, with transfer fees averaging between ten and 15 per cent. This option does have the benefit, however, of allowing you to transfer money to the UAE even if your recipient does not have access to a bank account.
A specialist money transfer like Xendpay can save you both time and money when compared to other providers. You can make 24/7 payments online with Xendpay making it a cheap, convenient and secure way to transfer your money.
Why not open an online account for free today and see how much you can save? It’s quick, easy to do and there is no obligation to use our services if you change your mind later.