Do you need to send money to the UAE? You can find all the information that you need regarding the payment process here. We’ll ensure that your funds are transferred in a secure, hassle-free manner: setting up a Moneycorp account is quick and straightforward, and you’ll soon be able to send your money overseas by following the process outlined on this page. We’ll convert your pounds to Emirati dirham at a competitive rate, and you’ll also benefit from our low transfer fees. Let’s take a closer look at how to send money to Dubai and the wider UAE.
You can sign up online or over the phone for either a personal or business account with Moneycorp.
Set up a payment to UAE
After you’ve added a new recipient or chosen from a list of your existing recipients, you’ll need to specify how much you’d like to transfer to the UAE.
Common questions about sending money to the UAE
How long will a payment to UAE take?
Payments that you make to the UAE via Moneycorp arrive within 1-2 working days, and you can view your full transaction history and track your payments online. Large money transfers do not take longer to arrive than smaller transfers, and so your money will arrive on time, regardless of how much money you’d like to send.
How much does it cost to send money to UAE?
We offer fee-free online international transfers to the United Arab Emirates, which means that you’ll benefit from our competitive exchange rates without having to worry about any additional costs. You will only incur fees when making online money transfers if you decide to automate your recurring payments with a Regular Payment Plan. Please note that over-the-phone transfers to the UAE cost a flat rate of £15.
What information do I need for a bank transfer to UAE?
You’ll need to provide us with the following information to send money to UAE:
- The account holder’s full name and address
- The name, address, and branch of the beneficiary’s bank
- The recipient’s bank account number
- The recipient’s IBAN or BIC/SWIFT code
What is the IBAN format in the UAE?
Every bank account in the United Arab Emirates is assigned an International Bank Account Number, or IBAN. IBANs enable foreign banks to transfer money from overseas into the right account. In the UAE, these codes consist of 23 characters, beginning with an ISO Country Code (AE) and two IBAN check digits. This is followed by a Basic Bank Account Number, which is made up of a three-digit bank identifier code and a 16-digit account number.
Example of a United Arab Emirates IBAN:
AE07 0123 4567 8901 2345 678
Is there a limit on how much money I can transfer to UAE?
There is an upper limit of £100,000 on personal transfers that can be made through our online platform to the UAE. Transfers made over the phone, on the other hand, have no upper limit, and so you will need to contact your Moneycorp account manager by telephone to make larger payments from the UK to the United Arab Emirates.
Can I send money to all banks in UAE through my Moneycorp account?
We can help you make payments to most of the major banks in the UAE, including but not limited to:
- Commercial Bank of Dubai
- Dubai Islamic Bank
- Arab Emirates Investment Bank
- Emigrate Islamic Bank
- Emirates NBD
- National Bank of Abu Dhabi
- Arab African International Bank
It does not necessarily mean that we’ll be unable to facilitate your payment if the bank in question is not included on the above list. Speak to one of our specialists today to find out if we can assist you.
What is the best way to transfer money to the UAE?
It’s true that you could just use your bank to transfer money to the UAE. However, it is worth bearing in mind that traditional banks aren’t always very good at handling international payments; their exchange rate costs are higher than those levied by currency specialists, and they often charge transfer fees of up to £30 per transaction. Banks tend to take longer to process international transactions too.
The better option, therefore, is to use a currency exchange specialist when making international payments to the United Arab Emirates. At Moneycorp, we offer competitive exchange rates, fee-free online transfers and expert advice.
Is it safe to send money online to the UAE?
It’s perfectly safe to make international money transfers to the United Arab Emirates when you use Moneycorp’s online services. As an Authorised Payment Institution, we are regulated by the FCA for the provision of payment services. We’ll flag suspicious transactions in your account, and your payment details will be protected at all times when you partner with us.
As of February 2023, Jordan has remained on the FATF grey list after identifying AML/CFT deficiencies. Jordan and FATF have agreed to work closely together in resolving and monitoring the identified deficiencies. Given the risk measures please ensure you have followed all laws, guides and reasonable steps prior remittance of funds.