MASHREQ BANK UAE DIRHAM vs GBP/EUR EXCHANGE RATES
Compare Mashreq Bank UAE dirham currency transfer options when sending money or making payments overseas in AED, GBP, EUR and other currencies. You can beat Mashreq Bank exchange rates when making an international money transfer or overseas payment, save time, money and get the best deal.
| Mashreq Bank | AED to GBP | AED to EUR | Minimum Transfer + Fee | TrustScore (Trustpilot) | More Details |
|---|---|---|---|---|---|
| Currencies Direct | £0.22 to £0.221 | €0.26 to €0.261 |  |  | |
| TorFX | £0.221 | €0.261 |  | | |
| Wise | £0.22 | €0.26 |  | | |
| Mashreq Bank | £0.217 | €0.256 | |  |  |
Mashreq Bank exchange rate calculator: AED/GBP ¤ AED/EUR ¤ AED/USD
Mashreq Bank International Money Transfers
International currency transfers to or from your Mashreq Bank account in UAE dirham, UK pounds, euro, US dollars and many other popular currencies will involve a margin or exchange rate of around 2.5% and additional bank transaction or commission fees may apply.
Mashreq Bank international currency transfer rates are much higher than most money transfer providers (money transfer providers rates range between 0.45 to 1.0%).
Currency Transfer Alternatives – Mashreq Bank
Sending foreign currency to or from your Mashreq 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 Mashreq 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.
Mashreq Bank – Other Useful Information
International money transfers from Mashreq Bank could take longer to arrive than using a private currency exchange provider and you will also need to be an existing Mashreq Bank account holder to use their services. Mashreq 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, Mashreq 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.
Mashreq Bank, UAE – About
Created in 1967, Mashreq bank is the oldest privately owned bank in the United Arab Emirates with 44 local UAE branches and an additional 20 branches and representative offices in the Middle East, Asia, the United Kingdom, Europe and the United States.
Mashreq Bank branch finder
Find Mashreq Bank 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 Mashreq branches in your search area results.
Contact Mashreq Bank from abroad
You can find answers to everyday banking questions at Mashreq online. If you can’t find the answer you’re looking for, you can call them from outside the United Arab Emirates on +971 4 424 4763
Mashreq Bank – Head office address
Mashreq Bank PSC – 1 Al Ghurair Centre, Al Riqqa Street, Deira, Dubai, United Arab Emirates
Still have questions?
Doing some research and evaluating options will ultimately save you time and money: Compare money transfer providers
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