Alternatives to Santander Bank service that allows you to transfer money between the UK pound (GBP) and the UAE dirham (AED) faster and cheaper. Evaluate the latest exchange rates and get the best deal by comparing options to Santander Bank for foreign currency transfers.
The required information to send money abroad with Santander Bank depends on the destination country, as banking protocols vary internationally. However, some details are commonly needed for popular transfer destinations from the UK:
For Santander Bank UAE dirham transfers or other currency payments to the United Arab Emirates, 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 Santander Bank account:
To receive an international payment from the United Arab Emirates into your Santander Bank UK account, provide the sender with your IBAN and Santander Bank SWIFT/BIC code.
Purchasing a second home or real estate in the UAE can be a lucrative investment opportunity for UK and international buyers alike. One of the key benefits of buying property in the United Arab Emirates is the potential for appreciation in value over time, however, when it comes to buying property in the UAE, there are a few key things to keep in mind:
UAE real estate transactions for UK buyers and sellers
First, it’s important to work with a qualified real estate agent who has experience working with British or international buyers. They can help navigate the complexities of the UAE housing market and ensure a smooth transaction process.
GBP and AED money transfers – larger amounts
Also, it is important that you receive the best possible exchange rate deal when buying or selling a property in the United Arab Emirates. Sending money from your Santander Bank account in UK pounds to the UAE dirham, then using a specialist money transfer provider, opposed to Santander Bank service will save you time and money.
The same applies if you’re selling and repatriating UAE dirham sale proceeds from the United Arab Emirates back to your Santander Bank account in the UK.
Dubai is a popular destination for expats looking to live and work in a dynamic, modern city with numerous job opportunities and a high standard of living. With its luxurious lifestyle, tax-free income, and cosmopolitan atmosphere, Dubai has become a magnet for expats from all over the world.
Dubai offers a diverse range of cultural experiences, world-class shopping and dining options, and stunning architectural marvels like the Burj Khalifa and Palm Jumeirah. Expats in Dubai also benefit from a strong expat community, excellent healthcare and education facilities, and a safe and welcoming environment to call home.
Sending money to the UAE has never been easier thanks to the numerous online money transfer services available. Whether you need to send money to friends or family in Dubai or pay for goods and services in Abu Dhabi, these platforms provide a quick and convenient way to transfer funds securely. So next time you need to send money to the UAE, consider using one of these efficient and reliable money transfer services.
How long a Santander 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.
Santander Bank European and international transfer times are not the same:
Santander Bank has different transfer times for payments within the EU versus international payments outside the EU. Transfers within the EU can take 1 or 2 working days, while transfers outside Europe may take up to 4 or 5 working days, depending on the destination and receiving bank (if not Santander Bank).
When sending money abroad, Santander 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.
Santander 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 – Santander Bank transaction fees:
Santander Bank charges a fee for UAE dirham transactions when sending money internationally. These fees can vary depending on the type of transfer, the destination country, and the amount being sent. It is important for customers to be aware of these fees before making a transaction in order to avoid any surprises.
By understanding the fees associated with sending AED through Santander Bank, customers can make informed decisions and choose the most cost-effective method for their international money transfers.
Receiving money from another currency – Santander Bank transaction fees:
When receiving an international payment with Santander Bank, there are two possible fees to consider – a charge for the inward payment itself and an additional fee if currency conversion is required.
Santander 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