Living and working in the UAE comes with many financial advantages, including tax-free income and access to international banking. One common question for both residents and businesses is how to send money abroad from Dubai securely and affordably.
Whether you're supporting family back home, paying for overseas services, or managing cross-border business expenses, Dubai offers several convenient methods for international money transfers.
1. Bank Transfers
The most common way to send money overseas is through a local UAE bank. Most major banks in Dubai offer international remittance services. While secure, bank transfers may come with higher fees and less competitive exchange rates compared to other options.
2. Exchange Houses
Licensed exchange houses like UAE Exchange, Al Ansari, and Lulu Exchange are popular for fast and cost-effective remittances. These providers usually offer better exchange rates and lower service charges, especially for frequent transactions to countries like India, the Philippines, Pakistan, or the UK.
3. Online Transfer Services
Digital platforms such as Wise (formerly TransferWise), Western Union, and Remitly allow users to send money abroad using mobile apps or websites. These services are convenient, transparent with fees, and ideal for sending money from the comfort of your home or office.
4. Business Transfers
If you're running a company and need to make international payments, working with a corporate banking advisor or fintech service can ensure regulatory compliance and efficient transaction processing.
Final Thoughts
Understanding how to send money abroad from Dubai helps you make informed choices that save time and money. Whether you're an expat or a business owner, there are reliable options to suit every need. Compare fees, rates, and transfer speed before choosing the right provider.