Advice on how to send money home
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Join Date: Nov 2015
Location: DUBAI
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Advice on how to send money home
Hi,
I just wanted advice from those living in the UAE on the best and cheapest way to send money from the UAE to Europe(Ireland).Does anyone know which currency exchange agencies provide the best rates or is it better to send by bank transfer say with one of the local banks...Thanks
I just wanted advice from those living in the UAE on the best and cheapest way to send money from the UAE to Europe(Ireland).Does anyone know which currency exchange agencies provide the best rates or is it better to send by bank transfer say with one of the local banks...Thanks
Stay away from banks as their rates suck. The money exchanges in the malls are all very competitive. Ask their best rate, and use one that's convenient.
Good luck
Good luck
Join Date: Apr 2009
Location: Canada
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The money exchanges are definitely the best. Go around and ask for the best rate. The Banks are thieves, I can't believe that they actually get away from charging the rates that they do.
Join Date: Sep 2007
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Set up an account with GCEN (Global Currancy Exchange Network) there is a European staffed local office. Transfers with good rates and no fees to anywhere in the world. Once all the stuff is set(30mins max) you can send money in 5 mins. I use it all the time.
Supercharged PPRuNer
Join Date: Nov 2000
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Another vote for Al Ansari exchange.
I have found their rates consistently better than the other exchanges, never mind the banks...
Just give them your beneficiary bank account details (ideally IBAN no. - which your bank at home can give you) and you are good to go. Transfers normally complete within 2 working days, and fixed fees of around AED60 here plus £10 UK receiving bank (no doubt similar in Ireland).
Obviously the bigger the transfer, the lower the proportional cost of fees (and you'll get a better exchange rate).
I have found their rates consistently better than the other exchanges, never mind the banks...
Just give them your beneficiary bank account details (ideally IBAN no. - which your bank at home can give you) and you are good to go. Transfers normally complete within 2 working days, and fixed fees of around AED60 here plus £10 UK receiving bank (no doubt similar in Ireland).
Obviously the bigger the transfer, the lower the proportional cost of fees (and you'll get a better exchange rate).
Join Date: May 2005
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The best I have used very easy deposit and transfer cash at good rates:
http://www.schnowzer.com/ripanotherp...alingsaccount/
When ever this account is used I like to celebrate with a bottle of Dommy and a fine Cuban with my friend from Lagos👍
http://www.schnowzer.com/ripanotherp...alingsaccount/
When ever this account is used I like to celebrate with a bottle of Dommy and a fine Cuban with my friend from Lagos👍
Join Date: Apr 2013
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Advice on how to send money from qatar to united state
Does anyone know what is the cheapest way to send money from qatar to states ??
I normally use IBQ international transfer service .
I normally use IBQ international transfer service .
Gentleman Aviator
Join Date: Jun 2003
Location: Dubai
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Another vote for Al Ansari. As others have said do not use the banks. I also sometimes use HIFX. They are a UK based company, not sure if they can transfer to an Irish bank though.
Join Date: Apr 2013
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Advice on how to send money from qatar to united state
Does anyone know what is the cheapest way to send money from qatar to states ??
I normally use IBQ international transfer service .
I normally use IBQ international transfer service .
Join Date: Feb 2007
Location: Manchester, UK
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Open a FOREX account with an online brokerage such as Interactive Brokers.
Will charge a $10 monthly account fee, but you can trade pretty much at the interbank rate (i.e. the rate you see on google) with a $2 fee and free withdrawal into a bank account in any country once a month.
Will be cheaper than ANY currency service or bank as even with the best currency services you tend to lose about 0.5- 1% on the interbank rate, and as much as 3% with the banks.
Will charge a $10 monthly account fee, but you can trade pretty much at the interbank rate (i.e. the rate you see on google) with a $2 fee and free withdrawal into a bank account in any country once a month.
Will be cheaper than ANY currency service or bank as even with the best currency services you tend to lose about 0.5- 1% on the interbank rate, and as much as 3% with the banks.
Join Date: Jun 2006
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Check if TransferWise can be used to wire money to your country, it is the best solution I found so far...
www.transferwise.com or download the app on the Apple store.
It is reliable and fast.
Good luck.
www.transferwise.com or download the app on the Apple store.
It is reliable and fast.
Good luck.
Join Date: Apr 2013
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I think US dollar is always fix rate so there is no point to send it to the broker and then to united states , I use international transfer service of IBQ bank which charge me around $30 for the trasnfer but I think the rate should be the same as the broker right?
