Master the Art of Sending Money to United Arab Emirates (UAE)

Information verified correct on December 7th, 2016

UAEFind out who to use to send money to the United Arab Emirates in the time you want for the price you want.

There are hundreds of thousands of Britons living, travelling and working in the UAE. And whether visiting to study or to live, the UK also has a significant Emirati expatriate population. The number of trades between Emirati dirham and pounds sterling has increased significantly since the early 2000’s.

There are a range of companies suited to different purposes that can send money between the UK and the UAE. Whether you’re looking to send emergency cash in minutes, pay contractors or you need help expatriating funds to buy property, we look at different money transfer companies so you can find the right provider to send money to the United Arab Emirates for your needs.

Compare International Money Transfers

Rates last updated December 7th, 2016
Description Min. Transfer Amount Transfer Speed Services Online Transfer Fee Rate Amount Received
Exclusive: CurrencyFair International Money Transfers
Exclusive: CurrencyFair International Money Transfers
Exclusive offer: 3 Free transfers (after your first transfer)
A peer-to-peer transfer service with a large range of currencies on offer.
GBP 2.50 2 days Online Go to site More
TorFX International Money Transfers
TorFX International Money Transfers
TorFX guarantee to beat any competitor's exchange rate for a transaction. Conditions apply GBP 50 1 day Online, Phone, Agent Go to site More
FC Exchange International Money Transfers
FC Exchange International Money Transfers
No transfer fee via online, branch or phone. GBP 3,000 1 day Online, Phone, Bank Account to Bank Account Go to site More
Moneycorp International Money Transfers
Moneycorp International Money Transfers
The longest standing and largest full service specialist currency provider in the UK. GBP 50 1 day Online, Phone, Bank Account to Bank Account Go to site More
Currencies Direct
Currencies Direct
$0 online transfer fee that you can access 24/7. GBP 100 2 days Online, Phone Go to site More
Western Union International Money Transfers
Western Union International Money Transfers
Send money online to friends and family around the world with Western Union. GBP 1 Same day Online, Phone, Agent, Bank Account to Bank Account, Cash Transfer, International Money Order Go to site More
World First Foreign Exchange
World First Foreign Exchange
Open bank accounts in the UK, US, Canada and Eurozone and sell on more marketplaces while reducing the cost of repatriating earnings. Buy goods from China and sell them in the USA. AUD 250 2 days Online, Phone, Agent Go to site More
Currency Solutions
Currency Solutions
Send money overseas for a range of reasons, including regular payments and buying overseas property. 97% Trustpilot score. AUD 3,000 2 days Online, Phone, Bank Account to Bank Account Go to site More

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Save money on your personal or business international money transfer today. Fill in the form and you’ll be contacted by a foreign exchange expert to have an obligation-free discussion about your options. Our foreign exchange experts offer a best rate guarantee, are ASIC authorised and never charge transfer fees.

They can help you with all your needs including:

  • Buying property abroad
  • Emigrating
  • Regular overseas payments
  • Risk management
  • Forecasting

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Banks versus money transfer companies

Banks and money transfer companies both let you send money to the United Arab Emirates; however, the services operate in different ways. You can see some of the key differences between these two types of payment provider below.

UK BankMoney Transfer Service 1Money Transfer Service 2
Exchange rateN/A1 GBP = 5.018524 AED1 GBP = 5.2700 AED
Transfer fee£20.00 GBP£46.00 GBP£ 14.74
Amount received for £1,000 (in UAE dirham)N/A5,018.52 AED5,192.27 AED
Transfer time4 working days10 minutes1 – 4 working days
Transfer optionsBank account depositCash pickupBank account deposit
Difference ofN/AN/A+173.75 AED

Correct 27/01/16 – 10.30AM

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How do I compare transfer companies when transferring and receiving money

  • Exchange rate. What rate can the international payment provider offer to exchange GBP to AED. Rates can vary depending on the collection option.
  • Payment methods. How will the provider let you pay for the transfer? Some providers allow bank deposit, others allow cash payment and you can also pay with your credit card or debit card.
  • Transfer time. How long before the funds are ready to collect or withdraw. Credit card, debit card and cash payments clear almost instantly. Bank account deposits can take days to clear.
  • Collection options. How is the money sent. Some companies have agents where cash can be collected, other companies can deposit funds in the recipient’s bank account.
  • Limits. How much or little do you need to send. Companies have a minimum transfer amount and some offer fee free transfers for international payments to the United Arab Emirates over a specific size.
  • Extras. Does the provider offer any additional business or trading services such as limit, stop loss orders or recurring payments.
  • Customer service. Does the provider provide a UK based customer service team.
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How do I send money to the United Arab Emirates from the UK?

You can send money to the UAE online via your bank, a third party foreign exchange specialist or an international cash payment provider. Some companies like Western Union let you pay cash in person too.

  • Bank to bank transfers. You can send money to the UAE by logging in to your online banking facility. Transfers can take up to 4 business days before the funds clear in the recipient’s bank account.
  • Foreign exchange specialists. These companies let you send money online to the UAE. Pay for your transfer by making a bank account deposit or using your credit or debit card and funds can clear in a UAE bank account in couple of business days.
    • Currencyfair – Make a Faster Payments, or BACS deposit to Currencyfair and they will make a SWIFT payment to a UAE bank account. Funds can be available in approximately 4 business days.
    • FC Exchange – FC Exchange offer a range of ways to pay Emirati bank accounts including one off, forward and recurring payments.
    • Moneycorp – Moneycorp have a UK based customer service team available to contact outside regular business hours. Moneycorp offer one off and recurring payments as well as contracts to target a desired rate.
    • TorFX – TorFX offer a best rate guarantee on international payments to the United Arab Emirates.
    • Transferwise – Pay with your credit, debit card or bank transfer to transfer funds to the UAE. Funds are available in up to 4 business days.
    • Travelex – Travelex and Western Union have teamed-up to offer international payments under the Travelex brand.
    • UK Forex – Pay no fees to send money to the UAE when you transfers over £3,000. Bank account, debit and credit card payments are accepted.
    • Worldfirst – Pay no transfer fees, Worldfirst have a minimum transfer amount of £1,000.
  • International cash payment providers. Companies such as MoneyGram or Western Union can make cash ready to collect in the UAE in just minutes. Pay using cash, debit, credit card or bank account transfer. Transfer time and transfer fees vary depending on how the funds are sent and received.
    • Azimo – Azimo have about 80 different cash collection options in the UAE. Funds can be made available in minutes. Azimo also offers bank account transfers to the UAE.
    • MoneyGram – A quick search shows almost 100 locations to collect cash in Dubai alone. MoneyGram can get cash to the UAE quickly. Fees vary based on transfer options.
    • Western Union – As well as bank account deposits, Western Union operates a cash collection service. Western Union have hundreds and hundreds of agents across the United Arab Emirates.
    • Ria Financial Services – Another cash payment service, Ria Financial Services has about 20 different cash location agents in Abu Dhabi.
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How do I receive money from the United Arab Emirates in the UK?

The method for receiving money in the UK depends on how the funds are being sent.

  • Bank account deposits. If the money is sent to your bank account, you’ll need to provide your bank’s SWIFT code and your account IBAN and BIC.
  • Cash collection. If funds are sent using an international cash payment service, you’ll need to provide identification and the transfer reference code when you collect the cash.

Emergency cash transfers in the United Arab Emirates

Do you need to get money to the UAE quick? Here are your options for accessing emergency cash.

  • International cash payment service. Request a cash payment from the UK and you can collect the money from an agent in the UAE in just minutes.
  • Card scheme emergency assistance. Companies like MasterCard can issue the funds in your account as cash if your card is losten or stolen. Emergency cash requests can be available to collect in a day.
  • Travel insurance. Have a look at your travel insurance policy. An emergency cash benefit is included in some coverable events.

Western Union

Dubai

  • Al Ansari Exchange
    Shop #fd 50 1st Flr D-zone, Dragon Mart 2
    Dubai, Hatta Oman Road 6176
    Open Monday to Thursday,
    Saturday & Sunday 9.00AM to 11.59PM
    Open Friday 2.00PM to 11.59PM
    +971 4 4533641
  • Emirates Post
    Almounaee Branch – Beside Rak Bank Dubai,
    Dubai 99999
    Open Monday to Thursday,
    Saturday & Sunday 8.00AM to 3.00PM
    Friday Closed.
    +971 04 8525052

Abu Dhabi

  • Al Fardan Exchange
    Shop No. 5, Ground Floor Rashi Abu Dhabi,
    Hamdan 2095
    Open Monday to Thursday,
    Saturday & Sunday 9.00AM to 9.00PM
    Open Friday 5.30PM to 9.00PM
    +971 2 6269661
  • Emirates Post
    Masdar City Abu Dhabi, Masdar City 7000
    Open Monday to Sunday 8.00AM to 3.00PM
    Friday Closed.
    +971 4 2303483

MoneyGram

Sharjah

  • International Development Exchange – SHA
    Clock Tower near central pvt. hospital, Sharjah
    Open Monday to Thursday,
    Saturday & Sunday 9.00AM to 8.30PM
    Friday Closed
    +971 6 5628250
  • GCC Exchange – Sharjah – Rolla
    Shop 3 4 & 12, Sahrjah
    Open Monday to Sunday 8.00AM to 11.00PM
    +971 6 5219992

Al Ain

  • Malik Exchange
    Megastore opposite Emirates Driving School 55, Musaffah 0.
    Open Monday to Sunday 8.30AM to 11.00PM
    +971 2 5503380
  • Emirates International Exchange
    Ground floor, Shop No. 4. Badha Alhaer Industrial Area, Al Ain
    Open Monday to Sunday 9.00AM to 10.00PM
    +971 3 7556036
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Tips for picking up cash in the United Arab Emirates

Approximately 1 million British nationals visit the United Arab Emirates every year. And although uk.gov has issued a high terror alert, most trips to the UAE go off without a hitch. If you’re concerned about picking up cash in the United Arab Emirates, it can be a good idea to travel in a group. If you’re on your own, you may want to ask the hotel concierge for information about getting an escort to and from the hotel.

What are the steps to send money to the United Arab Emirates?

The steps to send money to the Emirates vary depending on how you plan on sending the money.

  1. Bank account transfers. To transfer money from your bank account simply log on to your internet banking facility and select the option that allows you to make an international payment. You’ll need the recipient’s SWIFT code, IBAN and BIC.
  2. Third party international transfers. To send money using one of the online foreign exchange providers listed on this page, you’ll need to create a free account first. For most providers, this process can be completed in a couple of minutes. Some companies require a photocopy of your identification and proof of address before registration is complete.

To create an account, you’ll need to provide the following.

  • Personal details.
  • Contact information.
  • Identification.
  • Residential details.

Once you’ve paid for a transfer, you should be issued with a tracking number you can use to check on the status of your international payment to the United Arab Emirates.

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