ADIB BANK UK POUND & EURO to UAE DIRHAM EXCHANGE RATES
| ADIB BANK | MIN. TRANSFER | SPEED | FX MARGIN RATE | *GUIDE RATES | MORE DETAILS |
|---|---|---|---|---|---|
| GBP £ - to AED | NO MINIMUM | 5/7 DAYS | 2.5% | 4.351 |  |
| EUR € - to AED | NO MINIMUM | 5/7 DAYS | 2.5% | 3.762 | |
| BROKER RATES | MIN. TRANSFER | SPEED | FX MARGIN RATE | *GUIDE RATES | MORE DETAILS |
| GBP £ - to AED | From £100 | From 1 DAY | From 0.7% | 4.431 |  |
| EUR € - to AED | From £100 | From 1 DAY | From 0.7% | 3.831 | |
Table *GUIDE RATES are updated daily (Monday to Friday) at 09:00 GMT.
ADIB BANK – RECOMMENDED CURRENCY TRANSFER SERVICES
| BROKER RATES: GBP/AED | MIN. TRANSFER | SPEED | FX MARGIN RATE | *GUIDE RATE: GBP/AED | MORE DETAILS |
|---|---|---|---|---|---|
| CURRENCIES DIRECT | £100 | 1 DAY | 0.7 to 1.0% | 4.418 to 4.431 |  |
| TORFX | £250 | 1 DAY | 0.7% | 4.427 | |
Table *GUIDE RATES are updated daily (Monday to Friday) at 09:00 GMT.
Question: How many UAE dirhams will I receive for my currency transfer, after ADIB Bank fees and charges?
Answer: Using ADIB Bank services, the exchange rates shown are typical. All banks have individual rates and commission structures for international currency transfers. Find the latest exchange rates for an overseas bank using our Bank Rate Comparison below:
| CURRENCIES DIRECT | MIN. TRANSFER | SPEED | FX MARGIN RATE | *GUIDE RATES | MORE DETAILS |
|---|---|---|---|---|---|
| GBP £ - to EUR | £100 | 1 DAY | 0.7 to 1.0% | €1.145 to €1.149 | |
| EUR € - to GBP | €100 | 1 DAY | 0.7 to 1.0% | £0.856 to £0.859 | |
ADIB Bank International Money Transfers
Save on exchange rate conversion when transferring money or making regular payments overseas from your ADIB bank account in AED, GBP, EURO, USD & other currencies. ADIB Bank international money transfers to or from the UAE have higher transaction charges, due to a less competitive exchange rate offered by ADIB bank. Skip to: UAE Money Transfer Specialists
Typically, sending funds to or from your ADIB account in UAE dirham to a UK pound, euro or US dollar overseas bank account will involve a margin rate of 2.5% – much higher than most currency broker rates (typically 0.7 to 1.0%).
Currency Transfer Alternatives – ADIB Bank
Sending foreign currency to or from your ADIB Bank account in the UAE needn’t be a complex matter, moreover, you can save time and money when you use a specialist currency broker instead.
Specialist foreign exchange companies including our recommended providers here can save you money and time on the transaction. Our recommendations are based on international coverage and office locations together with the lowest foreign exchange margin rates offered.
Example: A typical overseas currency transfer of 100,000 UAE dirham (AED) using ADIB Bank services would have a transaction exchange rate margin of around 2.5% – or 2,500 AED. Using a specialist broker, in this example Currencies Direct – the exchange rate margin would work out at between 0.7 to 1.0% – or only 700 to 1,000 AED in total, which is a large saving over the bank service.
ADIB Bank – Other Useful Information
International money transfers from ADIB Bank could take longer to arrive than using a private currency exchange provider and you will also need to be an existing ADIB Bank account holder to use their services. ADIB Bank may charge a commission fee when sending money abroad into another currency and bank transfer commission fees vary depending on the amount you need to transfer. Private brokers offer commission free currency transfers, typically over a value of £5000 or 20,000 UAE dirham.
Unless you pay a premium, ADIB Bank’s service will take from 5 to 7 days for your funds to arrive at the destination bank. Private foreign exchange companies typically complete the transaction either same day, or next day.
ADIB Bank, UAE – About
ADIB Bank (Abu Dhabi Islamic Bank) was created in 1997 and operates from over 100 branch locations in the United Arab Emirates. The bank also has a branch located in central London, UK.
ADIB Bank – Head Office Address
ADIB (Abu Dhabi Islamic Bank) – Bainuna Street, Al Bateen, Abu Dhabi, United Arab Emirates
TRANSFER PROMOTIONS
