- Sending to a wide range of destinations
- Bank transfers and cash pick-ups
- Competitive exchange rates
- Travel money
Not so great for
- Fee transparency
In Canada, UAE Exchange was rebranded to Unimoni Canada in 2018. Money2Anywhere, the online money transfer facility available through the UAE Exchange website, has also moved under the Unimoni umbrella.
When you send money overseas with UAE Exchange, there are two costs you’ll need to consider: the exchange rate margin (the difference between the mid-market rate you see on Google and the rate quoted to you) and the transaction fee. However, fees vary depending on where you are sending the money and the type of transfer you select.
UAE Exchange allows you to send money to more than 190 countries around the world. The company also offers a foreign exchange service which customers can use to buy and sell foreign currency. Some of the currencies UAE Exchange supports include:
UAE Exchange offers multiple transfer options when you want to send money overseas:
However, now that UAE Exchange has become Unimoni, Canadian customers should check out our Unimoni review to find out about the transfer options available in Canada.
Transfer times vary depending on the transfer method you select and where you’re sending your money.
For example, while cash payout transfers can be available for your recipient within minutes, bank transfers can take two or three business days.
Once again, the payment methods available from UAE Exchange are dependent on the type of transfer you want to send. However, please note that not all payment options will be available in all countries.
For example, if sending an online transfer via Unimoni, you can pay via Internet banking transfer, POLi Payments or BPAY.
Unimoni Pty Ltd (formerly UAE Exchange Canada Pty Ltd) is regulated Financial Transactions and Reports Analysis Centre of Canada (FINTRAC). Unimoni is part of UAE Exchange Group (UX Holdings Limited), which operates under the laws of the Dubai International Financial Centre.
As for the safety of your money when you send an overseas transfer with UAE Exchange, the security measures in place depend on the transfer method you choose. For example, the company claims that the Unimoni website uses the latest 128-bit SSL encryption technology and that personal and transactional data is kept safe and confidential.
Like many other international money transfer services, UAE Exchange makes money in two ways:
If you want to send an online money transfer with UAE Exchange, you’ll need to register for an account with Unimoni. For details on how to do this, check out our Unimoni international money transfers review.
In Canada, UAE Exchange’s international transfer service is offered under the Unimoni brand name. Here’s what you’ll need to do to send a transfer:
UAE Exchange is a global provider of remittances, foreign exchange and payment services. The UAE Exchange group was founded in 1980 and is headquartered in Abu Dhabi. It operates in more than 30 countries around the world and its services have been used by 15 million customers.
While this review focuses largely on UAE Exchange’s international transfers, the company also operates a well-known foreign exchange service for travellers who need overseas currency. UAE Exchange has more than 800 branches around the world where customers can buy and sell all major currencies.
In Canada, UAE Exchange and its online transfer service, Money2Anywhere, were rebranded to become Unimoni in 2018.
Want to see how UAE Exchange stacks up against the competition? Check out the table below to compare exchange rates, fees and transfer times across a range of leading money transfer services.
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