Commercial Bank of Dubai UAE dirham currency transfer options when sending money or making payments overseas in AED, GBP, EUR and other currencies. You can beat Commercial Bank of Dubai exchange rates when making an international money transfer or overseas payment, save time, money and get the best deal.
International currency transfers to or from your Commercial Bank of Dubai account in UAE dirham, UK pounds, euro, US dollars and many other popular currencies will involve a margin or exchange rate of around 2.0% and additional bank transaction or commission fees may apply.
Commercial Bank of Dubai international currency transfer rates are much higher than most money transfer providers (money transfer providers rates range between 0.45 to 1.0%).
Sending foreign currency to or from your Commercial Bank of Dubai 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 Commercial Bank of Dubai services would have a transaction exchange rate margin of around 2.0% – or 2,000 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.
International money transfers from the Commercial Bank of Dubai could take longer to arrive than using a private currency exchange provider and you will also need to be an existing Commercial Bank of Dubai account holder to use their services. Commercial Bank of Dubai 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, Commercial Bank of Dubai’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.
Commercial Bank of Dubai (CBD) was created in 1969 and is a banking and financial services company, operating 26 branches in the UAE. Incorporated in Dubai, CBD is registered as a Public Shareholding Company (PSC) and is listed on the Dubai Financial Market and is fully owned by UAE nationals, including 20% by the Government of Dubai.
Find Commercial Bank of Dubai branch addresses near you with our geolocation map search. Simply enter the bank name (and optionally a city or country) and the map will display the closest Commercial Bank of Dubai branches in your search area results.
You can find answers to everyday banking questions at Commercial Bank of Dubai online. If you can’t find the answer you’re looking for, you can call them from outside the United Arab Emirates on +971 600 575 556
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Doing some research and evaluating options will ultimately save you time and money: Compare money transfer providers