Sending money locally or internationally in Dubai is simple due to numerous convenient options. Whether you are an expat sending money home, a business owner handling payments, or just a visitor needing to exchange your homeland’s currency, there are many physical and online money transfer services in Dubai.
- Al-Ansari Exchange
- Orient Exchange
- GCC Exchange
- Wall Street Exchange
- Banks for Money Transfer Services
- Mobile Apps for Money Transfer Services in Dubai
- FAQs
Let’s help you find Dubai’s best money transfer services to send payments outside or within the UAE.
Money Transfer Services in Dubai
Dubai offers a wide range of money transfer services, including exchange centres, banks, and online platforms. These companies offer safe and reliable methods for transferring money back home to loved ones.
Let’s look at the most popular platforms for money transfers in Dubai.
Money Exchange Centres
Let’s start with a few Exchange Centres in Dubai.
Al-Ansari Exchange
Al Ansari Exchange is one of the oldest and leading money transfer service providers in Dubai, with the largest network of branches. They offer fast, reliable and efficient services at very competitive rates, connecting with more than 250 banks in the UAE and 500,000 branch locations globally.
The company has also added digital services, like the Al Ansari Exchange mobile app, which now handles about 14% of all their transactions.
Their services include:
- Bank Transfers
- Flash Remittances
- Direct to Door
- Local Transfers
- Instant Cash Express Worldwide
Orient Exchange
Established in 1923, Orient Exchange has become a reliable financial services brand in the UAE. It has over 36 outlets in the country and qualified professionals manage the business. It facilitates money transfers from the UAE, both locally and internationally, within 2-3 days. Also, it boasts of providing money transfer services from Dubai to 80 destinations worldwide.
Some of their services include:
- Remittance
- Foreign Currency Exchange
- Credit Card payments
- VAT Payments
- Cash Pickup
- Direct Credit
GCC Exchange
GCC Exchange started with just a single branch in Dubai and has now expanded to over 16 branches in the UAE. It has also associated itself with five international companies in the UK, Singapore, Hong Kong, Seychelles, and Fiji.
Connected to more than 32 major banks globally through SWIFT, GCC Exchange ensures smooth electronic fund transfers anywhere in the world. A few of their services include
- Worldwide Remittance
- Instant Money Transfers
- Currency Exchange
- Telex Transfers
Wall Street Exchange
Wall Street Exchange was founded in 1982 and was the first exchange house to be licensed by the Central Bank in the UAE. The company offers money transfer services to more than 200 destinations worldwide via its extensive global network.
Their services include:
- Flash bank transfers (within minutes)
- Cash payouts (to over 500,000 locations worldwide)
- Mobile payouts (wallets within Africa and Asia)
- Western Union Services
- Swift Funds transfer (to over 200 countries)
- Instant cash (To 40 countries)
Banks for Money Transfer Services in Dubai
Here are a few popular banks in Dubai offering simple and quick money transfer services.
Emirates NBD
You can easily transfer money internationally using Emirates NBD Online Banking or Mobile Banking. It takes about 2 to 3 business days to reach the recipient.
Available 24/7, the DirectRemit service by the bank offers transparency with real-time foreign exchange rates.
DIB Express Transfer – Dubai Islamic Bank
The DIB Express Money Transfer service is designed to give you peace of mind with instant and reliable fund transfer options. Their key features include:
- Instant fund transfers to bank accounts in India, Pakistan, Jordan, and the Philippines, with no processing fees.
- Secure transfers through alt online, alt mobile, and alt self-service platforms.
- Round-the-clock service availability.
Mashreq Bank
Mashreq Bank offers SWIFT money transfers and Quick Remit services to over 40 global destinations. For added convenience, you can access all money transfer services on the Mashreq mobile app or through online banking.
Mobile Apps for Money Transfer Services in Dubai
Here are a few popular money transfer apps you can trust:
Remitly
Remitly is one of the most affordable and reliable international money transfer services in Dubai. It features a user-friendly app for easy bank transfers. Also, it has a vast network of global partners for low-cost cash pickups and mobile wallet transfers.
Install it here:
CurrencyFair
Known for high customer satisfaction, CurrencyFair has become a popular choice for money transfers. With quick transfer speed, a user-friendly interface, and flexible cost options, CurrencyFair fits all your needs.
Install it here:
Skrill
Skrill is a leading player in the international money transfer industry, known for offering competitive exchange rates for remittances worldwide. In Dubai, the app supports various countries and currencies, allowing users to send funds using debit and credit cards.
Install it here:
Other Notable Money Transfer Services in Dubai
Some other notable money transfer services in Dubai include:
- PayPal
- Western Union
- Money Gram
- World Remit
- Xpress Money
FAQs
Some of the best banks in the UAE for money transfer services are:
– Emirates NBD
– First Abu Dhabi Bank (FAB)
– HSBC Middle East
– Mashreq Bank
– RAKBANK
– Standard Chartered UAE
Wire transfer is the easiest way to transfer money from abroad to Dubai. These transfers can be made easily by banks in your country.
Here are some of the best international money transfer services in Dubai:
– Wise
– PayPal
– Western Union
– MoneyGram
– XE
In Dubai, local transfers typically take 1 working day to be credited to the recipient’s account, while international transfers usually take 2 to 3 working days to be credited.
Yes, money transfer services in Dubai are safe. They are regulated by the Central Bank of the UAE, which enforces strict guidelines and regulations. Reputable service providers follow these rules to ensure the security of your funds and personal information.
This concludes our list of some of the top money transfer services. However, you must consider the current exchange rates for all popular countries before selecting your source of international funds transfer.
Besides, if you are a foreigner looking to open a bank account, check out these top banks for expats in Dubai.
