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    Here's a list of some popular low-cost and quick ways to remit money online

    Your Money

    • Saving and Investment
    • Budget Living
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    Your Money

    Budget Living
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    Budget Living

    Here's a list of some popular low-cost and quick ways to remit money online

    Online remittance is now the best option to send even a large amount of money from the UAE


    Published:  September 14, 2021 09:30 Justin Varghese, Your Money Editor

    1 of 20
    Top low-cost and quick ways to remit money online
    Online remittance becoming the best remittance option in the UAE Image Credit: Stock image
    2 of 20
    Top low-cost and quick ways to remit money online
    Making overseas payments in the UAE is much more economical Image Credit: Stock image
    3 of 20
    Top low-cost and quick ways to remit money online
    Some transfers take minutes, some take a lot longer. Image Credit: Stock image
    4 of 20
    Top low-cost and quick ways to remit money online
    Many services now offer overseas money transfers in the UAE Image Credit: Stock image
    5 of 20
    Top low-cost and quick ways to remit money online
    Millions of migrants in the Gulf region rely on online remittance firms which facilitate large remittances in the UAE Image Credit: Stock image
    6 of 20
    Top low-cost and quick ways to remit money online
    Get the best exchange rate possible! Image Credit: Stock image
    7 of 20
    Top low-cost and quick ways to remit money online
    How long does the platform you use for online payments take to remit your money? Image Credit: Stock image
    8 of 20
    Top low-cost and quick ways to remit money online
    TransferWise is known widely for having no foreign exchange rate markups Image Credit: Stock image
    9 of 20
    Top low-cost and quick ways to remit money online
    Service cost from TransferWise tend to be lowest if you use a bank account Image Credit: Stock image
    10 of 20
    Top low-cost and quick ways to remit money online
    When it comes to speed, a transfer using a debit/credit card on TransferWise can arrive in minutes Image Credit: Stock image
    11 of 20
    Top low-cost and quick ways to remit money online
    If you plan on sending $10,000 or more using TransferWise, consider OFX Image Credit: Stock image
    12 of 20
    Top low-cost and quick ways to remit money online
    OFX charges no transfer fees, irrespective of how much money gets sent Image Credit: Stock image
    13 of 20
    Top low-cost and quick ways to remit money online
    OFX lets you make a transfer at current exchange rates or target future rates Image Credit: Stock image
    14 of 20
    Top low-cost and quick ways to remit money online
    OFX has a minimum transfer amount of Dh500 in the UAE Image Credit: Stock image
    15 of 20
    Top low-cost and quick ways to remit money online
    Transferring dirhams can be cheaper than a regular overseas transfer with Moneycorp. Image Credit: Stock image
    16 of 20
    Top low-cost and quick ways to remit money online
    Ensure 'dirhams' are transferred to the overseas account, rather than exchanging your transfer to the local currency. Image Credit: Stock image
    17 of 20
    Top low-cost and quick ways to remit money online
    Moneycorp locks in the rate during the transfer, which will help in taking advantage of a good rate. Image Credit: Stock image
    18 of 20
    Top low-cost and quick ways to remit money online
    Currency Fair does not lock in the rate, meaning it could change by the time your money arrives. Image Credit: Stock image
    19 of 20
    Top low-cost and quick ways to remit money online
    Currency Fair has a platform where you can post your desired rate, and wait for it to be matched with another customer. But this makes it a slightly slower process. Image Credit: Stock image
    20 of 20
    Top low-cost and quick ways to remit money online
    Transferring dirhams can be cheaper than a regular overseas transfer with Currency Fair. Image Credit: Stock image
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