Money Transfer to and from UAE

Friday, February 03, 2012

A comprehensive comparison of banks' transfer charges in the UAE. Money transfer services are available to customers in the form of telegraphic transfer, demand draft, bankers cheque and visa money transfer. You may find more transfer options in our report covering international money transfer service providers.

Interesting facts: Find out which countries are the world's top remittance originating nations and the world's top remittance destination nations.

note Please read our detailed primer on money transfer to learn about hidden charges and poor rates your transfers may incur.

Abu Dhabi Commercial Bank

Telegraphic Transfer (TT):
   Outward
   Inward: In UAE Dirhams
      Free (paid into account)
      AED 25 (paid in cash)
   Inward: In foreign currency
      AED 10 (paid into account)

Bankers Draft (BD):
Outward - AED 20

TT
BD

Dubai Bank

Telegraphic Transfer (TT):
Outward
Within UAE - AED 50 (in AED), Within UAE - AED 100 (other currencies)
Outside UAE - AED 100
Bankers Draft (BD):
Outward - AED 25

TT
BD

Bank of Sharjah

Telegraphic Transfer (TT):
Outward
   Within UAE - AED 75
   Outside UAE - AED 100 (other country same currency)
   Outside UAE - AED 150 (other country other currency)
Inward
   Credited to BoS in AED - AED 10
   Credited to Foreign Currency account - US$10, €10, £5, CHF 10
Demand Draft (DD):
Outward - AED 25
Manager's Cheque (CH):
Outward - AED 25

TT
DD
CH

National Bank of Abu Dhabi

Telegraphic Transfer (TT): Transfer fee

Visa Money Transfer (VT):
Outward - $5 per transfer (upto $2,500 per day)

TT
VT

National Bank of Dubai

Telegraphic Transfer (TT):
Outward
Direct currency - AED 75 (GCC), Cross currency - AED 75
Direct currency - AED 75, Cross currency - AED 100 (Rest of the World)
Bankers Draft/Cheque (BD):
Outward - AED 20

TT
BD

Mashreq Bank

Telegraphic Transfer (TT):
Outward
   Branch - AED 50, (AED 55 - via Central Bank)
   Online - AED 20, (AED 25 - via Central Bank)
   Transaction Fee† - AED - 60
Inward - AED 25
Bankers Draft/Cheque (BD):
Outward - AED 15
Transaction Fee† - AED - 30

TT
BD

† Transaction Fee - Applicable when transfer charges are borne by sender.

Learn more about SWIFT BIC and IBAN.

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	Branch	Online
AGCC countries	AED 50	AED 20
India	AED 50	AED 20
Other countries	AED 80	AED 40

Fees (in AED)
Fee	Country
15	Philippines, UAE
20	Bahrain, Oman, Qatar, Saudi Arabia
25	Bangladesh, Egypt, India, Jordan, Lebanon, Pakistan, Syria, Yemen
30	Austria, Belgium, Cyprus, Denmark, Finland, France, Greece, Ireland, Italy, Japan, Luxemborg, Morrocco, Netherlands, Norway, Polan, Portugal, South Korea, Spain, Sudan, Sweden, Tunisia, Turkey, UK
40	Switzerland
45	Argentina, Canada, Cayman Islands, China, Ethiopia, Fiji, Germany, Indonesia, Jamaica, Kazakhstan, Kenya, Malaysia, Mauritius, Mexico, Nepal, Nigeria, Peru, Seychelles, South Africa, Sri Lanka, Taiwan, Tajikstan, Thailand, USA, Uganda, Vietnam, Zimbabwe