Need to send money to the United Arab Emirates? Thinking about a bank wire to send the money to United Arab Emirates? Before you visit your bank to organise it, make sure you check the wire transfer fees. It might come as a shock the amount the costs will be and depending on the amount, it might not be worth sending the money by bank wire transfer to send the money using another method.
What makes it more expensive is in addition to your bank adding a fee for sending the money to a bank in United Arab Emirates, the person receiving the transfer will most likely also incur a fee from the bank at their end. One way to reduce the possibility of this charge is to send the international wire transfer in their designated currency.
To process a wire transfer to the United Arab Emirates, you might require a SWIFT code. These are different codes for each bank and are based on things including the bank and country.
Bank wire details for the United Arab Emirates
- Country – United Arab Emirates
- SWIFT Country Code – AE
- Central Bank Name – Central Bank of the United Arab Emirates
- Currency – UAE Dirham
- Currency Code – AED