The best way to send money from the UAE to anywhere in the world will be through a money transfer company. Xe is a great all round option, and TorFX is best for large transfers out of the UAE.
Also, using a money transfer company gives clearer pricing than using a bank, and transfers on the whole are faster. Companies are also regulated, including with the Central Bank of the UAE.
So, in brief, if you need to send money out of the UAE, you've got plenty of options.
The best companies for sending money from the UAE
Company | Key features | Rating | Pricing |
---|---|---|---|
Xe | Fast transfers, 24/7 support, App with rate alert and currency tools included | ⭐⭐⭐⭐⭐ | No fees and rates from 0.6% - open an account |
TorFX | Currency exchange specialists, Strong customer support, Regular payments supported through an app | ⭐⭐⭐⭐⭐ | No fees + competitive rates agreed per transfer - get a quote |
RegencyFX | Currency exchange specialists, Great for large transfers, Regular payments supported | ⭐⭐⭐⭐⭐ | No fees + competitive rates agreed per transfer - get a quote |
Currencies Direct | Strong customer support, App for regular payments, Currency risk tools can be used | ⭐⭐⭐⭐ | No fees and rates from 0.7% - open an account |
CurrencyFair | Same day transfers on most currencies, Offers extras like rate alerts | ⭐⭐⭐ | No fees and rates from 0.7%% - open an account |
Remitly | Offers cash pickup across a lot of Asian markets | ⭐⭐⭐ | No fees and rates from 1.3% - open an account |
Send money from the UAE to...
Our guides cover a lot of countries for transfers from the UAE.
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All countries and transfer routes around the world are covered in our rate search.
Getting the best deal when sending money out of the UAE
You best bet is to use a money transfer company, but there's a few other points to keep in mind:
Track the AED exchange rate
Getting the best deal on a money transfer is largely done through getting a good exchange on your money. Tracking the ongoing AED mid-market rate against global currencies will aid in making an informed decision on when is best to send money.
Avoid using your bank
We've mentioned that using your bank to send money is more expensive, here's how popular banks used in the UAE stack up against Xe, our recommend all-round provider for transfers out of the UAE.
Company | Exchange rate | Sending fees | Receiving fees |
---|---|---|---|
Xe | 0.6% | from 5 AED | Not possible |
First Abu Dhabi Bank | Averages around 4.5% | 100 AED | 2% |
Emirates NBD | Up to 4.6% | 60 AED + 1.99% | 105 AED |
Mashreq Bank | 1.5% to 6% | 25 AED | 2.89% |
RAKBANK | 2.30% | 50 AED | 0 AED |
Dubai Islamic Bank | 2.50% | 52.50 AED | 10.50 AED |