Payments that you make to the UAE via Moneycorp arrive within 1-2 working days, and you can view your full transaction history and track your payments online. Large money transfers do not take longer to arrive than smaller transfers, and so your money will arrive on time, regardless of how much money you’d like to send.

We offer fee-free online international transfers to the United Arab Emirates, which means that you’ll benefit from our competitive exchange rates without having to worry about any additional costs. You will only incur fees when making online money transfers if you decide to automate your recurring payments with a Regular Payment Plan. Please note that over-the-phone transfers to the UAE cost a flat rate of £15.

You’ll need to provide us with the following information to send money to UAE:

• The account holder’s full name and address
• The name, address, and branch of the beneficiary’s bank
• The recipient’s bank account number
• The recipient’s IBAN or BIC/SWIFT code

For further information on how banking codes are used by financial institutions, read our guide on IBANs and BIC/SWIFT codes.

Every bank account in the United Arab Emirates is assigned an International Bank Account Number, or IBAN. IBANs enable foreign banks to transfer money from overseas into the right account. In the UAE, these codes consist of 23 characters, beginning with an ISO Country Code (AE) and two IBAN check digits. This is followed by a Basic Bank Account Number, which is made up of a three-digit bank identifier code and a 16-digit account number.

Example of a United Arab Emirates IBAN:

AE07 0123 4567 8901 2345 678

There is an upper limit of £100,000 on personal transfers that can be made through our online platform to the UAE. Transfers made over the phone, on the other hand, have no upper limit, and so you will need to contact your Moneycorp account manager by telephone to make larger payments from the UK to the United Arab Emirates.

We can help you make payments to most of the major banks in the UAE, including but not limited to:

• Commercial Bank of Dubai
• Dubai Islamic Bank
• Mashreqbank
• Arab Emirates Investment Bank
• Emigrate Islamic Bank
• Emirates NBD
• National Bank of Abu Dhabi
• Arab African International Bank

It does not necessarily mean that we’ll be unable to facilitate your payment if the bank in question is not included on the above list. Speak to one of our specialists today to find out if we can assist you.

It’s true that you could just use your bank to transfer money to the UAE. However, it is worth bearing in mind that traditional banks aren’t always very good at handling international payments; their exchange rate costs are higher than those levied by currency specialists, and they often charge transfer fees of up to £30 per transaction. Banks tend to take longer to process international transactions too.

The better option, therefore, is to use a currency exchange specialist when making international payments to the United Arab Emirates. At Moneycorp, we offer competitive exchange rates, fee-free online transfers and expert advice.

It’s perfectly safe to make international money transfers to the United Arab Emirates when you use Moneycorp’s online services. As an Authorised Payment Institution, we are regulated by the FCA for the provision of payment services. We’ll flag suspicious transactions in your account, and your payment details will be protected at all times when you partner with us.