Emirates NBD | AED to GBP | AED to EUR | Minimum Transfer + Fee | TrustScore (Trustpilot) | More Details |
---|---|---|---|---|---|
Currencies Direct | £0.214 to £0.215 | €0.25 to €0.251 | |||
TorFX | £0.214 | €0.251 | |||
Wise | £0.214 | €0.25 | |||
Emirates NBD | £0.211 | €0.246 |
About TrustScores: A TrustScore is calculated on a scale from 1 to 5 and is the overall measurement of reviewer satisfaction, based on all reviews the business receives via Trustpilot’s website.
About transaction fees: The transaction (or service) fee that banks and providers charge is made up of a fixed fee which varies, depending on where you are sending the money and which currencies apply to the transaction.
About money transfer providers: Unlike banks, money transfer companies offer the very best exchange rates and by keeping their margin rates low, they beat the banks by several percentage points.
About exchange rates: Money transfer exchange rates are calculated and updated weekdays, hourly 08:00 – 16:00. The exchange rates provided are indicative only and several factors may contribute to the final rate, including market conditions, transfer amount and the mode of transfer (online or via phone/email).
Save on exchange rate conversions when transferring money or making regular payments overseas from your Emirates NBD bank account in AED, GBP, EURO, USD and other currencies. Emirates NBD bank international money transfers to or from the UAE have higher transaction charges, due to a less competitive exchange rate offered by Emirates NBD. Skip to: UAE Money Transfer Specialists
Typically, sending funds to or from your Emirates NBD bank account in UAE dirham to a UK pound, euro or US dollar overseas bank account will involve a margin rate of 2.4% – much higher than most currency broker rates (typically 0.7 to 1.0%).
Sending foreign currency to or from your Emirates NBD 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 Emirates NBD bank services would have a transaction exchange rate margin of around 2.4% – or 2,400 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 Emirates NBD bank could take longer to arrive than using a private currency exchange provider and you will also need to be an existing Emirates NBD account holder to use their services. Emirates NBD 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, Emirates NBD’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.
Emirates NBD was created in 2007 after a merger between Emirates Bank International (EBI) and the National Bank of Dubai (NBD) combining the 2nd and 4th largest banks in the United Arab Emirates. Emirates NBD has more than 220 bank branches in the UAE and also has operations in Egypt, Saudi Arabia, Singapore, the United Kingdom and representative offices in India, China and Indonesia.
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Doing some research and evaluating options will ultimately save you time and money: Compare money transfer providers