10 best money transfer services in Dubai
If you’re looking for ways to transfer money to or from Dubai, rest assured there are numerous convenient options are available. Dubai offers a wide range of money transfer services, including exchange centres and online platforms that provide reliable and secure methods for transferring funds. Let’s take a look at the most popular ones.
MOST POPULAR MONEY TRANSFER SERVICES IN DUBAI
Here is a list of the best money transfer services in Dubai that includes exchange centres, banks and other online portals.
MONEY EXCHANGE CENTRES IN DUBAI
Exchange houses are the most popular platforms to send money to different areas of the world. Expats living in Dubai mainly use them to send money back home.
UAE EXCHANGE’S FLASHREMIT
Offering diversified and innovative solutions, UAE Exchange has become a leading financial brand in the country.
- You can use their FLASHremit service to transfer money to other corporate bank accounts.
- Both the sender and the beneficiary receive an SMS notification, once the account is credited.
GCC REMIT
GCC Remit is a well-reputed money transfer service provider. It has an extensive presence across different regions of the UAE.
- With GCC Remit, you can directly remit money to another bank account within minutes!
HOW TO SEND MONEY THROUGH GCC REMIT?
- To send money you need to:
- Show your valid ID card
- Fill out a form, with complete details of the recipient, currency, transfer amount and destination
- Submit the form to the agent with the equivalent amount
- Wait for the authorised agent to process the payment and give you a system-generated GCCN code number
- Share the GCCN code number with the beneficiary. The recipient will get funds within minutes.
- Your receiver will be able to collect money at any authorised agent location by showing valid proof of identity.
- Visit their website to get the real exchange rate and know the status of your money transfer.
AL ANSARI EXCHANGE
Started as an offshoot of a trading business, Al Ansari Exchange has flourished over the last couple of years, meeting the remittance needs of its customers.
Their extensive payment network is interconnected with over 250 banks and agents, encompassing a vast network of over 500,000 branch locations worldwide. This extensive network empowers you to swiftly send and receive money, with transactions processed within minutes.
- Through Ansari Exchange, you can send money to India, Pakistan, Sri Lanka, Nepal, Bangladesh and the Philippines.
HOW TO SEND MONEY THROUGH AL ANSARI EXCHANGE?
They offer instant ways to send money that include:
- Telegraphic transfers
- Instant credits
- Cash pickup
- Cash Express
- Door-to-door
- Bank transfers
- Remittance charges are subject to the country.
ORIENT EXCHANGE
Orient Exchange has established itself as a reliable financial services brand in the UAE. It enjoys an excellent relationship with banks and other financial institutions around the world.
- Through Orient Exchange, you can easily send funds to your loved ones within 48 to 72 hours.
HOW TO SEND MONEY THROUGH ORIENT EXCHANGE?
- Orient Exchange can also transfer money to over a hundred banks in India within 24 to 48 hours, using RTGs and NEFT modes.
- They also offer a diverse range of services to send funds to the Philippines, such as Advise and Pay, direct credit and cash pickup.
WALL STREET EXCHANGE
Wall Street Exchange is a one-stop solution for all your financial needs. If you are looking for reliable options to transfer money from Dubai, you can always trust this service provider.
HOW TO SEND MONEY THROUGH THE WALL STREET EXCHANGE?
Wall Street Exchange offers a wide range of remittance services from Dubai, including:
- Flash bank transfers (within minutes)
- Cash payouts (access to over 500,000 locations worldwide)
- Mobile payouts (wallets within Africa and Asia)
- Western Union (send money to over 200 countries, AED 27,500 transaction limit)
- Swift (Funds transfer to over 200 countries)
- Instant cash (Send money to 40 countries)
- Wall Street Exchange allows you to transfer funds to countries such as India, Nepal, Philippines, Sri Lanka and Egypt.
BANKS IN DUBAI
Some people living in Dubai prefer a conventional method of sending money back home. There are many banks in Dubai that can meet your remittance needs including the popular Emirates NBD bank.
EMIRATES NBD DIRECTREMIT
DirectRemit is the best way to transfer money from Dubai. With DirectRemit, you can send money to India, Pakistan, Sri Lanka, the Philippines and Egypt within 60 seconds!
HOW TO SEND MONEY THROUGH DIRECTREMIT?
To initiate a transfer you can use online banking, mobile banking and select ATMs.
- The service is available round-the-clock for free!
MASHREQ BANK QUICK REMIT
Mashreq Bank allows you to initiate instant transfers and send money anytime you want.
- Through Mashreq Bank, you can send payments to 40 global destinations anytime! If the transfer is made on a holiday, payment will be processed on the next working day.
HOW TO SEND MONEY THROUGH QUICK REMIT?
To access Quick Remit:
- Login to Mashreq mobile or online
- Go to the Money Transfer tab
- Click “QuickRemit”
- Initiate and submit the transfer
- You can choose between instant or same-day transfer options.
- They charge flat transaction fees.
ONLINE MONEY TRANSFER PLATFORMS IN DUBAI
Another method to transfer money is to use a couple of online remittance platforms in Dubai. These platforms are quite effective for those larger companies who have an entire network of freelancers working for them from different countries as it helps them deliver their dues on time.
MONEYGRAM.
MoneyGram. allows you to send money to over 400 banks globally. You can either send money to a bank account or a mobile wallet.
HOW TO SEND MONEY THROUGH MONEYGRAM.?
To transfer funds to a bank account or a mobile wallet:
- Find a nearby MoneyGram agent location
- Show your ID card
- Fill out a form, accompanied by the recipient’s full name, bank name, account number, location, amount you intend to send and transaction charges
- Submit the form
- Get an 8-digit reference number and send it to the recipient. Funds will be transferred to their account.
WESTERN UNION
For online money transfers in Dubai, Western Union is the most reliable choice.
HOW TO SEND MONEY THROUGH WESTERN UNION?
You can send money in person, online or by phone.
VIA WEBSITE/APP
- Login to your profile
- Enter your receiver’s details (bank name, code and account number)
- Choose the payment method (cash/bank account)
- Pay with a credit card
- Send money
IN-PERSON
- Visit a Western Union agent location
- Submit all the details (Name, Emirates ID/passport, receiver’s name, destination country and the amount you intend to send)
- Choose a payment method (cash, direct to bank)
- Pay
- You will get a confirmation email, including a tracking number. With that number, you can check the status of your transaction anytime.
- A money transfer generally takes one to two days, depending on your receiver’s country.
PAYPAL
PayPal is an online payment system that enables instant money transfers. You can send money anytime without any transaction fee. It also has an app that you can use to send money anywhere in the world.
HOW TO SEND MONEY THROUGH PAYPAL?
- Go to PayPal’s website or app
- Sign up or log in to your account
- Click the “Send Payments” option
- Enter your details
- Pay
Looking for more options? In addition to the aforementioned facilities, you can consider:
- WorldRemit
- Xpress Money
- Ria Money Transfer Dubai
FAQs
ARE MONEY TRANSFER SERVICES IN DUBAI SAFE?
Yes, money transfer services in Dubai are regulated by the Central Bank of the UAE, ensuring compliance with strict regulations and guidelines. Reputable service providers adhere to these regulations to ensure the safety and security of your funds and personal information.
HOW CAN I CHOOSE THE RIGHT MONEY TRANSFER SERVICE IN DUBAI?
When selecting a money transfer service in Dubai, consider the following factors:
- Reputation and reliability of the service provider
- Transfer fees and exchange rates
- Transfer speed and convenience
- Range of transfer options and destinations
- Customer support and assistance
CAN YOU PAY USING DIGITAL WALLETS IN THE UAE?
Of course! Here is everything you need to learn about e-wallets in the UAE.
ARE THERE ANY MONEY EXCHANGE CENTRES IN ABU DHABI?
Sure, there are! You can consider one of these money exchange centres in Abu Dhabi.
With that, we conclude our list of the best money transfer services in Dubai. Since you will be sending money in dirhams (AED), it’s important to know about UAE dirham exchange rates for all popular currencies. Check out the UAE exchange rates to transfer money accordingly.
The UAE currency comes in two denominations – banknotes and coins. Each of these denominations has particular symbols engraved on them. Check out what these UAE currency signs mean in the cultural dictionary of the country.
Also from dividing a dinner bill to sending cash in an instant, FastPay app by Emirates NBD is your mobile solution for seamless cashless transactions.
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