MASHREQ BANK AED vs GBP MONEY TRANSFERS
Compare Mashreq Bank UAE dirham and UK pound exchange rates for sending payments abroad between AED and GBP, money transfer alternatives. Evaluate Mashreq Bank money transfer options and alternatives to make sure you’re getting the best deal.
| Mashreq Bank | AED to GBP | GBP to AED | Minimum Transfer + Fee | TrustScore (Trustpilot) | More Details |
|---|---|---|---|---|---|
| Currencies Direct | £0.206 to £0.207 | Dhs 4.763 to Dhs 4.779 |  |  | |
| TorFX | £0.206 | Dhs 4.777 |  | | |
| Wise | £0.207 to £0.207 | Dhs 4.784 to Dhs 4.789 |  | | |
| Mashreq Bank | £0.203 | Dhs 4.69 | |  |  |
Mashreq Bank UAE Dirham vs UK pound exchange rate is AED/GBP: £0.203 – GBP/AED: Dhs4.69
Sending money abroad to/from Mashreq Bank
The required information to send money abroad to or from Mashreq Bank depends on the destination country, as banking protocols vary internationally. However, some details are commonly needed for popular transfer destinations from the UAE:
For Mashreq Bank transfers or other currency payments to Europe, you need:
– Transfer amount
– Recipient’s full name and address
– Recipient’s IBAN
– Recipient bank’s SWIFT/BIC code
Before initiating any international transfer, double-check the specific requirements for the destination country.
Receiving money from abroad to your Mashreq Bank account:
To receive an international payment into your bank account, provide the sender with your IBAN and SWIFT/BIC code.
What is the time frame for an international money transfer through Mashreq Bank?
How long a Mashreq Bank international bank transfer takes will depend on the destination, payment method, and meeting the daily cut-off time. If you submit a transfer after the cut-off, processing may be delayed until the next business day.
How much does Mashreq Bank charge for UK Pound vs UAE Dirham Rates?
When sending money abroad, Mashreq Bank will convert your funds to a different currency if the receiving account uses a different currency than the sending account. However, this currency conversion process comes at a cost beyond just up-front fees.
Mashreq Bank applies a margin above the mid-market exchange rate when converting between currencies, which is known as an exchange rate markup.
Sending money to another currency – Mashreq Bank transaction fees:
When sending money to another currency through Mashreq Bank, it is important to consider the transaction fees that may apply. Mashreq Bank offers competitive exchange rates for currency conversions, but there may be fees associated with the transfer process. It is recommended to check with the bank for specific details on the fees involved in sending money to another currency. By understanding the potential costs upfront, customers can make informed decisions and ensure that their funds are transferred efficiently and cost-effectively.
Receiving money from another currency – Mashreq Bank transaction fees:
When receiving an international payment with Mashreq Bank, there are two possible fees to consider – a charge for the inward payment itself and an additional fee if currency conversion is required.
Mashreq Bank charges various fees for international transfers depending on the payment type. These include upfront fees, exchange rate fees, and third party charges. When sending international payments, be aware of all fees that may apply, as they are not always obvious.
Still have questions?
Doing some research and evaluating options will ultimately save you time and money: Compare money transfer providers
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