Did you know that transferring money from UAE to the UK is now so much easier? There are many ways to send money from the UAE to the UK, but many of them no longer have the same appeal as they did in the past. It is because of the high costs involved and a lot of inconveniences. However, they are cheap and convenient methods with minimal commission and fees. Read on!
Transferring Money From UAE to the UK – Find the One That is Best for You Before you transfer money from any of the available services in the UAE, you need to streamline and compare different sources available in your area and choose the most economical one for your particular needs. Below are some of the frequently used options discussed:
What are the best ways to transfer money from UAE to the UK? Once you have streamlined the best suitable way to transfer money from UAE to the UK, you need to open an account at a UAE-based bank and link it to a UK-based account. After the account is set up, you are good to go for transfers. You can easily do it online, and the whole process usually takes less than 24 hours. Alternatively, you can transfer UAE money to the UK by setting up a direct debit from your UAE account to the UK account. This option is not recommended if you do not have sufficient money in your account, as your account will be overdrawn and incur charges. Cash Deposit Yep, you read that right! You can still use this method to transfer money from UAE to the UK. It has been around for decades, and many people still prefer it for the simple reason that it is convenient. You can use this method to transfer money from any bank in the UAE. You just need to approach your bank's customer care and let them know what details you wish to transfer, and they will take care of the rest. The best part about this method is that it is free of cost; however, it is the slowest option. Using a Money Transfer App Many tech companies have noticed the growing demand for convenient ways of sending money internationally. As a result, many apps are available that allow you to send money between UAE and UK. These services are instantly available for both Android and iOS devices. Some of the most popular apps in this category include Remit4x, WorldRemit, TransferWise, etc. Additionally, apps like Remit4x also provide services like transferring money to the UK as a gift to your parents, and for this, you will need to ascertain your UK residency status. Using a Digital Wallet You can also try the digital wallets available to transfer money from UAE to the UK or vice versa. One of the primary reasons this service is used is because of its low transfer costs. Using a digital wallet, you can transfer money from UAE to the UK free of cost! Sure, there are times when a small fee might be charged, but even that is better than the high transfer costs involved in other methods. Another great thing about digital wallets is that there is no need to share any details with the other person. It makes digital wallets a safe option for money transfers. Amongst many digital wallets, you can choose the one that suits your needs best. Out of many, the most popular digital wallets in the UAE are PayTm, Ria Money Transfer, etc. Transferring money with cryptocurrency is the fastest and cheapest way of transferring money between the UAE and the UK. Are you new to cryptocurrency? Do not worry, as many are still getting into the idea of how the process works. While traditional methods of international money transfer are not that difficult, they are a bit tedious. On the other hand, cryptocurrency exchanges make it easy to send money from UAE to the UK. You need to visit the website of your cryptocurrency exchange, enter the relevant information, and funds will be transferred immediately. And there is no better way to transfer money from UAE to the UK. Summing Up From all the wide range of options you have, it has become easier than ever now to transfer money from UAE to the UK. A preferred mode of transfer that is remarkably used is a digital wallet and cash deposit, as they also allow you to transfer money from UAE to the UK for free. So go ahead and choose the best method to transfer money from UAE to the UK.
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September 2021
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