Ways to Send Money Internationally with Emirates NBD
International Money Transfer has become easier in recent years with the emergence of technology and many digital banking options. Sending money abroad can be required for education, business, or tourism. Also, you may be working abroad and need to send money to your home country. Some banks may let you remit money abroad for free if you bank with them, while others may charge you a fee. Knowing the best ways for international money transfer is helpful and can save you time, money, and effort: Let’s look at some of the way you can send money internationally: Wire transfers / SWIFT transfers: Wire transfers are one of the most common methods to send money internationally. This involves a messaging network called SWIFT. Financial institutions and banks have a unique SWIFT code which is used when transferring funds between banks. Knowing your bank’s SWIFT code is important in order to facilitate payments smoothly. You can also use an IBAN. Here’s a helpful article on IBAN and SWIFT codes. DirectRemit: This is another form of international transfer which can be used to transfer money to your home country or internationally. EmiratesNBD’s DirectRemit only takes about 60 seconds to transfer your money. Western Union and other exchange houses: Money transfer services like Western Union provide a great way to transfer money quickly to your family, friends and business associates. Use Emirates NBD’s Western Union service via Mobile Banking or Online Banking, connecting over 500,000 agents and covering more than 200 countries. Learn more Emirates NBD’s Western Union service today. Documents and accounts: Transfers and payments are smoother if you have a bank account. Emirates NBD’s mobile banking lets you to transfer or receive money internationally with just a tap of a button. Here’s an article to guide you through transfers and payments.
Making the right choice While there are multiple options to transfer money internationally, if you are not careful you might pay unnecessary fees and charges. Do your research and evaluate your options before making a choice. Read more about transfers and payments.