There are several ways to transfer money to the UAE and most of them are relatively simple and easy.
However, the costs involved can differ greatly, so the confusion comes in working out the best option for you in terms of price.
Using a high street bank might be very convenient, with most banks helping you to set up a transfer with just one phone call or in-branch visit.
But this simplicity comes with a cost. You are likely to be hit with a poor exchange rate on the dirham and the per-transfer fees charged by the bank for moving money to the UAE will eat into your funds.
Additionally, if you want to transfer money to the UAE when your recipient does not have access to a bank account with First Gulf Bank, for example, then a local bank won’t be able to help you.
Another option is using a Money Sending bureau. These are small establishments found in major cities around the world and they allow you to transfer money to the UAE to be picked up at a convenient location. Unfortunately you will need to pay per-transfer fees of between ten and 15 per cent for this privilege. Add this to a poor dirham exchange rate, and your funds will be noticeably reduced.
Xendpay can save you both time and money when compared to those methods. We offer excellent rates, zero commission and a completely secure way to make money transfers 24/7 online.
Open an account today to find out how much money you could save on your money transfers to the United Arab Emirates