UAE Exchange Review

UAE Exchange Review Summary

UAE Exchange is a global provider of payment, remittance, and foreign exchange services. The Abu Dhabi-based group has offices in over 30 countries and over 15 million customers. Money2Anywhere is the UAE Exchange's consumer-facing web portal that offers online money transfers for individuals in the US. The company also offers a range of corporate services for corporate clients. The company has a reputation for offering competitive exchange rates and other benefits to its clients. The company has offices in more than thirty countries and offers bank transfers, cash pick-up, and competitive rates. UAE Exchange offers a wide range of services that include cash payouts and online transfers. It has a dedicated mobile application for customers and offers a host of other features.

UAE Exchange review
UAE Exchange Features

UAE Exchange Year Established

1980

UAE Exchange International Clients

UAE Exchange accepts international clients.

UAE Exchange Age requirement

18 years

UAE Exchange Currencies Offered

32 online

UAE Exchange Minimum Transfer

none

UAE Exchange Transfer Fees

0.05%-1.5%

UAE Exchange Office Locations

Headquarters in US, with subsidiary offices and certified agents literally across the globe.

UAE Exchange Employees

9000

UAE Exchange Turnover

4000000000

UAE Exchange Regulation

Financial Conduct Authority (FCA)

UAE Exchange Fees

UAE Exchange transfer fees are 0.05%-1.5%.

Fees with UAE Exchange may vary per transfer, depending on method of sending, currencies and amount. Based on World Bank statistics, the fixed fee can be as high as 19 Pounds for 120 Pound transfer to Ethiopia (source).

Additionally to the fixed fees taken by UAE Exchange, the World Bank Statistics reveal that an additional markup of between 1 and 4 per cent is incurred.

UAE Exchange Client Rating

UAE Exchange has a rating of 3.

Number of UAE Exchange customers

15,000,000

UAE Exchange Website

www.uaeexchange.com

UAE Exchange Supported Languages

UAE Exchange Review

UAE Exchange review
Pros and Cons of Transferring Money with UAE Exchange

Most of the time money transfers with UAE Exchange will be smooth. Each money transfer service have their own benefits and isses, so always weigh the pros and cons of sending money with UAE Exchange money prior to submitting an application to UAE Exchange.

Can you easily afford the UAE Exchange fees, are the exchange rate costs reasonable with UAE Exchange?

UAE Exchange review
UAE Exchange Advantages

  • UAE Exchange has been in business over 4 years
  • UAE Exchange offers PayPal as a payment method
  • UAE Exchange offers Neteller as a payment method
  • UAE Exchange offers Skrill as a payment method
  • UAE Exchange is availble in many international countries.
  • UAE Exchange offers a wide range of money transfer currency options.
  • UAE Exchange offers phone support.
  • UAE Exchange offers email support.
  • UAE Exchange offers an Apple iOS mobile application.
  • UAE Exchange offers an Android Google Play Store mobile app.

UAE Exchange review
UAE Exchange Disadvantages

  • UAE Exchange does not offer PayPal as a payment method
  • UAE Exchange does not offer Neteller as a payment method
  • UAE Exchange does not offer Skrill as a payment method
  • UAE Exchange does not offer a mobile wallet.
  • UAE Exchange does not offer Home delivery for money transfers.
  • UAE Exchange does not offer Cash pickups for money transfers.
  • UAE Exchange does not offer Money orders.
  • UAE Exchange does not offer Livechat support.

What Is UAE Exchange?

UAE Exchange is a financial service company, that offers its clients money transfer services.

UAE Exchange was founded in 1980 by Suren Shetty and has offices in Abu Dhabi, UAE.

UAE Exchange provides money transfer services to its 15,000,000 customers who are from all over the world including worldwide.

The Abu Dhabi, UAE UAE Exchange business was founded in 1980 to deliver money orders locally and internationally.

Do UAE Exchange Offer Money Transfer?

Money transfer businesses, or other financial corporations use EFT (electronic funds transfer) to send money across distances, large or small. That is to say that it is not actual money being sent, it is rather data that represents the amount being sent that the recipient can withdraw whenever they wish.

Is UAE Exchange Trusted And Established?

UAE Exchange is among the most recognized and reputable money transfer platforms. It has an exceptional track record and offers reasonable rates.

UAE Exchange was established in 1980 in Abu Dhabi, UAE, and has been in operation for around 42 years UAE Exchange have a head office in Abu Dhabi, UAE.

UAE Exchange review
How much does it cost to send a UAE Exchange Transfer?

UAE Exchange money transfer exchange rates are quite minimal compared to banks and other money transfer providers. A minimal percentage is charged on top of the exchange rate as standard practice. UAE Exchange only charges 0.05%-1.5%, when compared to other money transfer service providers.

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How much can I send with UAE Exchange?

The maximum transfer amount with UAE Exchange is up to 200000 AED/day or 500000 AED/month (or its currency equivalent) online.

While UAE Exchange charges a small percent of transfer fees, the brand offers reasonable exchange rates.

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UAE Exchange Money Transfer Terms and Conditions

When transferring money with UAE Exchange, it is crucial to keep tabs on the following:

  1. UAE Exchange Speediness. Often the need to money transfer may be urgent and time critical.
  2. UAE Exchange Reliability and reputation. The safety of money and personal information can be a concern for those wanting to use international money transfer services to send money.
  3. UAE Exchange Transaction charges. Transaction charges are important as the majority of customers wish to send money overseas without having to worry about paying excessive charges.
  4. UAE Exchange Ease of use, and convenience. Your money transfer platform should be flexible and offer a good range of options and features, making it more convenient for customers to send money overseas.
  5. UAE Exchange Customer service. Because one can often run into problems when transferring money. A money transfer platform with excellent customer service could solve a lot of problems. UAE Exchange customer service should respond to your queries quickly and work with you to resolve any issues that you have.

UAE Exchange review
How UAE Exchange Compares To Other Money Transfer Companies

NameUAE ExchangeXE Money TransferWise
Usedby15,000,00028000000011000000
Transfer Timeinstantly - 7 business days1-4 business days1-2 business days
Min TransfernoneUS$1.00US$1.00
Max Transfer200000 AED/day or 500000 AED/monthUS$500,000.00 (or equivalent)US$1,000,000 (varies based on currency)
Payment Methodsdebit card, bank transferBank transfer, credit card, debit cardBank transfer, debit card, credit card, SOFORT transfer
iOS Appyesyesyes
Android Appyesyesyes

UAE Exchange review
UAE Exchange Risk Warning

Any taxes or charges are payable in the destination country. costs may exist that are not paid through UAE Exchange or imposed by UAE Exchange. Your UAE Exchange money transfer transaction may be cancelled if it is demmed to be connected with prohibited activities including all applicable laws regarding anti money laundering or counter terrorism financing laws. or the transaction is actioned through unauthorised use of your UAE Exchange account.

UAE Exchange review
UAE Exchange Fees & Exchange Rates

Several money transfer platforms like UAE Exchange charge money for every money transfer a customer makes through their platforms. Other than that, every time an individual exchanges money from one particular currency to another, the money transfer operator in this case UAE Exchange may charge for a currency exchange.

UAE Exchange review
UAE Exchange Transfer Fees

A transfer fee is the sum of money that a money transfer operator like UAE Exchange charges a customer for transferring money to a recipient. The amount charged depends on the operator charging it.

UAE Exchange review
UAE Exchange Exchange Rate Margins

Exchange rate margins are how UAE Exchange, banks and other financial corporations make profit off their services instead of charging customers with commission fees.

When a bank or a money transfer service like UAE Exchange quotes an exchange rate to a customer, they usually take the interbank rate and add an amount known as a margin rate. Check with UAE Exchange to see what their exchange rate margin is.

UAE Exchange review
UAE Exchange Methods to Transfer Funds

A UAE Exchange fund transfer is when someone sends money from their account to another person's account. Money can be transferred using different methods, e.g. online, via the phone, or a mobile app.

The methods to transfer funds are:

  • Manual EFT
  • Automatic EFT
  • Bill payment
  • Correction

UAE Exchange enables users to transfer money using bank transfer, via none.

UAE Exchange review
UAE Exchange Currencies Supported

Money transfer operators that offer more currency options are beneficial because they make for reduced conversion fees. This way customers do not have to pay exorbitant conversion fees when transferring money.

UAE Exchange offers every available world currency to its customers. We list the major UAE Exchange supported currencies below.

UAE Exchange Money Transfer Currencies
NameCurrencies
AUD, EUR, BHD, BDT, EGP, HKD, INR, IDR, JPY, KES, SAR, MAD, NPR, NZF, OMR, PKR, PHP, QAR, SGD, ZAR, LKR, THB, TND, AED, UGX, GBP, USD, VND, CAD, CNY, FJD, NZD
AED, BDT, BHD, BTN, HKD, IDR, ILS, INR, JOD, JPY, KWD, LKR, MYR, NPR, OMR, PHP, PKR, QAR, RUB, SGD, THB, TRY, TWD, VND, BAM, BGN, CHF, CZK, DKK, EUR, GBP, HRK, HUF, NOK, PLN, RON, RSD, SEK, BBD, CAD, CRC, DOP, GTQ, HNL, JMD, MXN, TTD, USD, XCD, AUD, FJD, NZD, TOP, WST, ETB, GHS, GMD, GNF, KES, MAD, MUR, MZN, RWF, SLL, TND, TZS, UGX, ZAR, ARS, BOB, CLP, COP, GYD, PEN, PYG, UYU
AED, AUD, BGN, BRL, CAD, CHF, CZK, DKK, EUR, GBP, HKD, HRK, HUF, IDR, INR, JPY, MYR, NOK, NZD, PLN, RON, TRY, SEK, SGD, USD, ARS, BDT, BWP, CLP, CNY, COP, CRC, EGP, GEL, GHS, ILS, KES, KRW, LKR, MAD, MXN, NGN, NPR, PHP, PKR, RUB, THB, UAH, UGX, UYU, VND, XOF, ZAR, ZMW
AED, ARS, AUD, BDT, BGN, BRL, BWP, CAD, CHF, CLP, CNY, COP, CRC, CZK, DKK, EGP, EUR, FJD, GBP, GEL, GHS, HKD, HRK, HUF, IDR, ILS, INR, JPY, KES, KRW, LKR, MAD, MXN, MYR, NGN, NOK, NPR, NZD, PHP, PKR, PLN, RON, RUB, SEK, SGD, THB, TRY, TZS, UAH, UGX, UYU, VND, XOF, ZAR, ZMW
AED, ARS, AUD, BDT, BGN, BWP, CAD, CHF, CLP, CNY, CRC, CZK, DKK, EGP, EUR, GBP, GEL, GHS, HKD, HRK, HUF, IDR, ILS, INR, JPY, KES, KRW, LKR, MAD, MXN, MYR, NGN, NOK, NPR, NZD, PEN, PHP, PKR, PLN, RON, RUB, SEK, SGD, THB, TRY, TZS, UAH, UGX, USD, UYU, VND, XOF, ZAR, ZMW
AED, EUR, PLN, AUD, GBP, SEK, CAD, HKD, SGD, CHF, HUF, USD, CZK, NOK, ZAR, DKK, NZD
ALL, ARS, EUR, BSD, BDT, XOF, BOB, BRL, BGN, BIF, USD, XAF, CLP, CNY, COP, KMF, CRC, HRK, CZK, DOP, EGP, ETB, FJD, GMD, GHS, GTQ, GNF, GYD, HNL, HUF, INR, IDR, JMD, JPY, JOD, KES, MGA, MWK, MYR, MXN, MAD, NPR, NGN, PKR, PYG, PEN, PHP, PLN, RON, RUB, RWF, SLL, ZAR, KRW, LKR, TSZ, THB, TND, TRY, UGX, UYU, VND, ZMW
USD, AUD, CHF, EUR, HKD, JPY, BBD, BMD, BSD, DKK, GYD, INR, JMD, KYD, MXN, NOK, NZD, SAR, SEK, SGD, TTD, ZAR, GBP
AUD, BGN, CAD, HRK, CZK, DKK, EUR, HKD, HUF, INR, ILS, JPY, JOD, MYR, MAD, NZD, NOK, OMR, PLN, GBP, QAR, RON, SAR, RSD, SGD, ZAR, KRW, SEK, CHF, THB, TRY, AED, USD
AED, AUD, BND, CAD, CHF, CZK, DKK, EUR, FJD, HKD, HUF, IDR, ILS, INR, IRR, JPY, KRW, KWD, LKR, MAD, MXN, MYR, NGN, NZD, OMR, PEN, PGK, PHP, PKR, PLN, SAR, SCR, SDG, SEK, SGD, THB, TOP, TRY, TWD, USD, VND, VUV, WST, XOF, XPF, ZAR
EUR, GBP, USD, CAD
AED, AFN, ALL, AMD, ANG, AOA, ARS, AUD, AWG, AZN, BAM, BBD, BDT, BGN, BHD, BIF, BMD, BND, BOB, BRL, BSD, BTN, BWP, BYN, BYR, BZD, CAD, CDF, CHF, CLP, CNY, COP, CRC, CUC, CUP, CVE, CZK, DJF, DKK, DOP, DZD, EGP, ERN, ETB, EUR, FJD, FKP, GBP, GEL, GGP, GHS, GIP, GMD, GNF, GTQ, GYD, HKD, HNL, HRK, HTG, HUF, IDR, ILS, IMP, INR, IQD, IRR, ISK, JEP, JMD, JOD, JPY, KES, KGS, KHR, KMF, KPW, KRW, KWD, KYD, KZT, LAK, LBP, LKR, LRD, LSL, LYD, MAD, MDL, MGA, MKD, MMK, MNT, MOP, MRO, MUR, MVR, MWK, MXN, MYR, MZN, NAD, NGN, NIO, NOK, NPR, NZD, OMR, PAB, PEN, PGK, PHP, PKR, PLN, PRB, PYG, QAR, RON, RSD, RUB, RWF, SAR, SBD, SCR, SDG, SEK, SGD, SHP, SLL, SOS, SRD, SSP, STD, SYP, SZL, THB, TJS, TMT, TND, TOP, TRY, TTD, TVD, TWD, TZS, UAH, UGX, USD, UYU, UZS, VEF, VND, VUV, WST, XAF, XCD, XOF, XPF, YER, ZAR, ZMW

UAE Exchange review
UAE Exchange Transfer Options

UAE Exchange offers the following transfer options:

UAE Exchange Money Transfer Options Compared
NameTransfer Options
bank transfer, cash pickup, or mobile transfer
Bank deposit
Bank deposit, mobile wallet deposit
Bank deposit, mobile wallet deposit
Bank deposit, mobile wallet deposit
Bank deposit, mobile wallet deposit
Bank deposit, cash pick-up, home delivery, mobile wallet deposit.
bank deposit, cheque, wire transfer, debit card, credit card
Bank deposit, cash pick-up, VISA & MasterCard, ATMs, mobile wallet deposit (depending on country)
Bank deposit
Bank deposit, cash pick-up , door-to-door delivery
cash

Single Payments

’Single payments’ is a term used to recognize a one-time money amount from an allowance. For a single payment, the user may use a single credit card (or debit card) and have a single invoice.

Regular Payments

A regular payment is a highly economical and easy way to transfer money with UAE Exchange. It is best suited for customers who have to transfer regular smaller amounts (usually three, four, or smaller five-digit amounts).

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Who UAE Exchange Services Are Available To

UAE Exchange offers services for sixty different currencies across more than one-seventy countries.

The more global a money transfer operator becomes, the more reliable it is for people across the globe.

UAE Exchange Country Restrictions

UAE Exchange does not operate in the following countries :

  • Afghanistan
  • Aland Islands
  • American Samoa
  • Angola
  • Anguilla
  • Antarctica
  • Antigua and Barbuda
  • Barbados
  • Belize
  • Benin
  • Bhutan
  • Bonaire (including Sint Eustatius and Saba)
  • Bouvet Island
  • British Indian Ocean Territory
  • Burkina Faso
  • Burundi
  • Cape Verde
  • Central African Republic
  • Chad
  • Cocos (Keeling) Islands
  • Comoros
  • Congo
  • Democratic Republic of
  • Congo
  • Republic of
  • Cook Islands
  • Crimea
  • Cuba
  • Curacao
  • Djibouti
  • Equatorial Guinea
  • Eritrea
  • Faroe Islands
  • Fiji
  • French Guyana
  • French Polynesia
  • French Southern Territories
  • Gabon
  • Gambia
  • Greenland
  • Grenada
  • Guadeloupe
  • Guinea
  • Guinea-Bissau
  • Guyana
  • Haiti
  • Heard Island and Mcdonald Islands
  • Holy See (Vatican City State)
  • Iran
  • Iraq
  • Ivory Coast (Cote d'Ivoire)
  • Japan
  • Kiribati
  • Kosovo
  • Kyrgyzstan
  • Lao People’s Democratic Republic
  • Lebanon
  • Liberia
  • Libya
  • Macao
  • Mali
  • Marshall Islands
  • Martinique
  • Mauritania
  • Mayotte
  • Micronesia
  • Federated States of
  • Montserrat
  • Myanmar
  • Namibia
  • Nauru
  • New Caledonia
  • Niger
  • Niue
  • Norfolk Island
  • North Korea
  • Northern Mariana Islands
  • Palau
  • Palestinian Territory
  • Papua New Guinea
  • Reunion
  • Pitcairn
  • Rwanda
  • Saint Barthelemy
  • Saint Helena
  • Saint Kitts and Nevis
  • Saint Lucia
  • Saint Martin
  • Saint Pierre and Miquelon
  • Saint Vincent and the Grenadines
  • Sao Tome e Principe
  • Seychelles
  • Sierra Leone
  • Sint Maarten
  • Solomon Islands
  • Somalia
  • South Georgia and the South Sandwich Islands
  • Sudan (North and South)
  • Suriname
  • Svalbard and Jan Mayen
  • Syria
  • Tajikistan
  • Timor-Leste
  • Togo
  • Tokelau
  • Tonga
  • Turkey
  • Turkmenistan
  • Turks and Caicos Islands
  • Tuvalu
  • Vanuatu
  • Venezuela
  • Wallis and Futuna
  • Western Sahara
  • Western Samoa
  • Yemen
  • Zimbabwe
  • Crimea
  • Cuba
  • Iran
  • Libya
  • North Korea
  • South Sudan
  • Sudan
  • Syria

Certain countries are restricted because UAE Exchange is not allowed to legally operate in those regions or it is not economically viable for UAE Exchange to provide money services in these regions.

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UAE Exchange International Money Transfers

An International Transfer is when someone sends money from their account in one country to a bank account in another country.

Setting up your UAE Exchange money transfer is quick and simple with the modern UAE Exchange online platform.

Transferring money internationally used to be a tedious process 10 years ago but advances in software and the internet have made transferring money allot easier.

These days, you can send a money transfer with ease on the UAE Exchange website.

The UAE Exchange website includes useful and easy-to-access option for those who wish to track their money and monitor when it can be received, providing a safe and accessible option if you'd like to keep an eye on your transfer.

UAE Exchange review
UAE Exchange Minimum Money Transfer

Several money transfer companies do not have a minimum money transfer amount. Making it easy for their users to send small amounts of money. UAE Exchange has a minimum transfer amount of none.

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UAE Exchange Maximum Money Transfer

Money transfer companies often do not have maximum transfer limits. For example, UAE Exchange does not have a maximum transfer limit when the user is paying through phone. There is however, a 200000 AED/day or 500000 AED/month limit per transaction for online transfers.

UAE Exchange review
UAE Exchange Money Transfer Fees and Charges

These are the fees charged by UAE Exchange and other money transfer companies (or other financial corporations) for transferring money. Several companies however, do not charge their users for transferring money. The only charges there are to pay are currency conversion charges.

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How Long Does It Take to Get a UAE Exchange Money Transfer

UAE Exchange money transfers do not usually take very long. It normally takes less than 24 hours for a money transfer to complete between two accounts with the same financial corporation. While in the case of money transfers with money transfer services like UAE Exchange, it can take a little as a few minutes. If the money is being sent overseas, it can take up to five days for the recipient to receive the money from UAE Exchange.

UAE Exchange review
UAE Exchange PLC Status

If a company has the acronym PLC at the end of its name, it means that the business offers its shares to the public and is traded on a public stock exchange. This alone makes the company more reputable. UAE Exchange is not a publically listed company. UAE Exchange is a privately owned company.

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UAE Exchange Money Orders

The charges for issuing money orders with UAE Exchange are 0.05%-1.5%.

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UAE Exchange Mobile Top Up

UAE Exchange offers mobile top ups.UAE Exchange mobile top ups are where a user can add credit to a recipient’s mobile phone number. The recipients number has to be local. These are normally processed within minutes, if not seconds.

UAE Exchange COVID-19 Help

Some money transfer companies offer COVID-19 financial assistance. This may be in many forms including payment holidays, reduced interest rates and more options to pay. Check with UAE Exchange directly to see what they are able to offer if you are adversely affected by COVID-19.

Who are UAE Exchange Money Transfers Best For

There may be many reasons you are looking to action a money transfer with UAE Exchange. These reasons can include debt consolidation, medical bills, student debt, collection agency debt, wedding costs, holidays, home repairs and repaying friends and family.

UAE Exchange money transfers are best for people looking for looking for a reliable fast money transfer service.

UAE Exchange Guide for Fast Money Transfer Approval

For UAE Exchange to be able to process your money transfer application as quickly as possible make sure you have everything UAE Exchange need. If you and UAE Exchange need to go back and forth it may delay the UAE Exchange application process. Make sure every piece of information you give UAE Exchange is accurate.

Please note that you must have at least a minimum of one active bank account for UAE Exchange to process your money transfer.

UAE Exchange Application Time

Application time refers to the amount of time you have to wait for your UAE Exchange registration to be approved. This should not take long, especially if you have nothing which should come up as red flag on the UAE Exchange system.

UAE Exchange Approval Time

It is the time it takes for UAE Exchange money transfer operator to approve the money transfer being made. Depending on the situation this can take up to five days.

UAE Exchange Funding Time

It is the amount of time it takes for the recipient to receive the money transfer. Once your UAE Exchange money transfer has been approved the money should be in your account within four working days.

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Things to Check Before a UAE Exchange Money Transfer

Why more features are useful for modern life’s and why new challenger banks are starting to beat traditional banks.

Here are a number of important things to consider before considering UAE Exchange money transfer:

  1. Reliability and safety
  2. Making preparations before the transaction
  3. Convenience
  4. Transfer and conversion rates
  5. The quality of the customer service offered

UAE Exchange review
UAE Exchange Customer Support

UAE Exchange support should be there to help customers with their issues which includes answering their queries, guiding them through and difficult processes and issues when transferring money. UAE Exchange customer support should troubleshoot any issues with you until you get to a resolution that you are happy with.

When getting a UAE Exchange money transfer you will want to speak to a UAE Exchange representative in a language that you are comfortable with. All your Money Transfer queries and issues should be resolved quickly.

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Does UAE Exchange Offer Live Chat?

Customers can reach out to UAE Exchange through live chat to resolve UAE Exchange money transfer account issues or difficulties with their UAE Exchange account that they can't solve. Live chat, or live support is a real-time live chat feature used by customer support representitives allowing customers to instant message to and receive guidance from a trained agent regarding a your money transfer related query.

UAE Exchange review
How does UAE Exchange Compare with Other Money Transfer Companies?

When deciding upon a money transfer company like UAE Exchange you will want to know how UAE Exchange compares with other leading online money transfer companies. See how UAE Exchange compares below.

  1. Visit UAE Exchange alternative XE Money Transfer

    Used By: 280000000
    Currencies Available: 76
    Transfer Fees: none
    Payment Methods: Bank transfer, credit card, debit card
    iOS App : yes, Android App : yes

    LiveChat:
    Min Transfer: US$1.00
    Max Transfer: US$500,000.00 (or equivalent)
    Year Founded: 1993

  2. Visit UAE Exchange alternative Wise

    Used By: 11000000
    Currencies Available: 54
    Transfer Fees: 0.5%-1%
    Payment Methods: Bank transfer, debit card, credit card, SOFORT transfer
    iOS App : yes, Android App : yes

    LiveChat:
    Min Transfer: US$1.00
    Max Transfer: US$1,000,000 (varies based on currency)
    Year Founded: 2011

  3. Visit UAE Exchange alternative Wise Business

    Used By: 11000000
    Currencies Available: 55
    Transfer Fees: 0.5%-1%
    Payment Methods: Bank transfer, debit card, credit card, SOFORT transfer
    iOS App : yes, Android App : yes

    LiveChat:
    Min Transfer: 1 USD
    Max Transfer: 1000000 USD/transaction/day (personal), 3000000 USD/transaction/day (business)
    Year Founded: 2011

  4. Visit UAE Exchange alternative Wise Multi-Currency Account

    Used By: 11000000
    Currencies Available: 54
    Transfer Fees: 0.5%-1%
    Payment Methods: Bank transfer, debit card, credit card, SOFORT transfer
    iOS App : yes, Android App : yes

    LiveChat:
    Min Transfer: 1 USD
    Max Transfer: 1000000 USD/transaction/day (personal), 3000000 USD/transaction/day (business)
    Year Founded: 2011

  5. Visit UAE Exchange alternative CurrencyFair

    Used By: 150,000
    Currencies Available: 17
    Transfer Fees: 0.45%
    Payment Methods: Bank transfer, debit card
    iOS App : yes, Android App : yes

    LiveChat: yes
    Min Transfer: £5.00 (or equivalent)
    Max Transfer: £10,000,000.00 (or equivalent)
    Year Founded: 2009

  6. Visit UAE Exchange alternative Remitly

    Used By: 3000000
    Currencies Available: 63
    Transfer Fees: 0-3.99$
    Payment Methods: Bank transfer, credit/debit card
    iOS App : yes, Android App : yes

    LiveChat:
    Min Transfer: US$1.00
    Max Transfer: US$20,000.00
    Year Founded: 2011

  7. Visit UAE Exchange alternative Scotiabank

    Used By: 25,000,000
    Currencies Available: 23
    Transfer Fees: none
    Payment Methods: Bank transfer, debit card, credit card, apple pay, google pay, Scotiabank Saddletone gift cards
    iOS App : yes, Android App : yes

    LiveChat: yes
    Min Transfer: none
    Max Transfer: 10000 USD
    Year Founded: 1832

  8. Visit UAE Exchange alternative Skrill

    Used By: 120,000
    Currencies Available: 33
    Transfer Fees: none
    Payment Methods: Cash, bank transfer, debit card, credit card, e-wallet, cryptocurrency (depending on country)
    iOS App : yes, Android App : yes

    LiveChat: yes
    Min Transfer: US$1.00 (varies based on certain currencies)
    Max Transfer: US$2,500.00 / day (weekly and monthly limites also apply)
    Year Founded: 2001

  9. Visit UAE Exchange alternative MoneyGram US

    Used By: 150000000
    Currencies Available: 46
    Transfer Fees: 0-1.99$
    Payment Methods: pay by card or directly from your bank account
    iOS App : yes, Android App : yes

    LiveChat:
    Min Transfer: none
    Max Transfer: 3000 USD
    Year Founded: 1940

  10. Visit UAE Exchange alternative Xoom

    Used By: 250000000
    Currencies Available: 4
    Transfer Fees: 0$-40$
    Payment Methods: Bank transfer, debit/credit card, PayPal balance
    iOS App : yes, Android App : yes

    LiveChat: yes
    Min Transfer: US$10.00
    Max Transfer: 2999 USD/day, 6000 USD/month, 9999 USD/3 months
    Year Founded: 2001

  11. Visit UAE Exchange alternative Moneycorp

    Used By: 15000000
    Currencies Available: 161
    Transfer Fees: none
    Payment Methods: debit card via our online platform or a wire transfer, cash
    iOS App : yes, Android App : yes

    LiveChat:
    Min Transfer: 50 USD/GBP/EUR
    Max Transfer: none
    Year Founded: 1962

UAE Exchange review
UAE Exchange Website and Mobile Apps

UAE Exchange has a website available online but it may be useful to manage your UAE Exchange account from your mobile device like your tablet or phone.

UAE Exchange offers an Android mobile application on the Google Play store.

UAE Exchange offers an Apple IOS mobile application for iPhones and iPads allowing UAE Exchange to users to check their UAE Exchange accounts on their iOS mobile devices.

UAE Exchange review
UAE Exchange Deposit and withdrawal Methods

UAE Exchange offers the following Money Transfer payment methods: debit card, bank transfer. All of significant bank systems are all acknowledged with UAE Exchange.

UAE Exchange offers ACH Payment which is used for direct deposit and debit transfers within the US. It is similar in nature to BACS (for the UK) and EFT (for Canada). Users can pay through bank transfer.

The recipient will receive the money in their bank account and can withdraw it using the method they prefer. They cannot, however, receive the money in the form of cash.

Take note that UAE Exchange may charge additional commissions and fees when using certain payment and withdrawal methods. These fees may not necessarily come from UAE Exchange.

UAE Exchange review
Is My Money Safe With UAE Exchange?

UAE Exchange is a reliable, secure, and trusted option for sending money overseas. UAE Exchange are registered and regulated with the Financial Conduct Authority (FCA).These regulatory licenses have strict rules that are enforced. These regulations safeguard the funds entrusted to them by UAE Exchange customers.

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UAE Exchange Financial Regulation and Safety of UAE Exchange Funds

Every business that wants to send money across borders (in excess of €3 million per month) must be licenced under the Payment Services Regulations 2017 and the Electronic Money Regulations 2011, both of which were created by the UK government but executed by the FCA for UK residents.

Consumer credit, in simple terms, is credit offered to individuals so they can purchase goods or cover personal expenses. It does not cover long term investments such as purchasing property. It allows for a properly managed economy to function and further encourages economic growth.

Firms like UAE Exchange that offer money transfer to retail customers are legally considered to be offering consumer credit.

A financial regulator ensures that consumers are protected, there is fair competition in the money transfer industry and the integrity of the Financial services industry as a whole is maintained.

Getting a money transfer with a regulated company is essential as it offers an increased level of protection than a money transfer from an unregulated one. This is because regulators are able to enforce strict rules and stop unscrupulous money transfer operators.

Laws differ on who can and cannot offer consumer credit in each country. Credit firms have strict rules that they must follow in order that they are legally allowed to transfer money to consumers. These laws are in place to protect consumers becoming trapped in a money transfer they can never pay off.

Be sure that UAE Exchange is fully licenced as a money transfer company.

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UAE Exchange Payment Services Regulations and UAE Exchange

The Payment Services Regulations Directive, is run by the European Commission in order to govern payment services and their providers across the European Union as well as the European Economic Area.

One of its goals has been to make foreign currency transactions transparent, much like currency payments. This is to protect consumers and businesses from being swindled.

What is the Financial Conduct Authority?

The FCA is a control body meant to license money transfer companies. Companies such as banks, Forex brokers, and money transfer operators are monitored the most. This is because they deal in situations that involve many intricacies, such as transferring money and offering loans, etc.

All reputable money transfer businesses that operate within the United Kingdom by law have to be registered and authorised as a payment institution by the Financial Conduct Authority (FCA) to comply with the Payment Services Regulations that were introduced in 2017.

Check UAE Exchange is financially regulated. UAE Exchange is regulated by the Financial Conduct Authority (FCA).

This makes sure that your Money Transfer agreement is above board and safe. In Addition, it Usually Means that UAE Exchange Possess a responsibility of care to their clients.

Is UAE Exchange Registered as a Money Service Business with HM Revenue & Customs

Financial institutions (which do not classify as banks) which convert and transmit money like UAE Exchange are known as Money Service Businesses. While they provide services similar to banks, they are still not considered banks. They offer more varied product options to individuals looking to transmit or convert money.

Financial authorities tend to keep tabs on UAE Exchange and other Money Service Businesses the most because the type of services they offer can leave them vulnerable to be used in financial crimes like money laundering. This is why it is crucial for them to be registered with the HM Revenue and Customs in the United Kingdom.

UAE Exchange Segregation of Client Funds

UAE Exchange as part of their regulation are required to segregate client funds from UAE Exchange company funds and keep all client funds within a bank that is authorised as a credit institution by the regulator. All client funds should be kept in the most reputable third-party financial institutions such as Barclays or the Bank of America.

UAE Exchange regulatory requirements mean that UAE Exchange Money Transfer funds and your funds should be totally separate. UAE Exchange cannot use any money that is still legally yours to conduct UAE Exchange daily business like paying UAE Exchange suppliers and costs. Your funds should be kept by UAE Exchange in a segregated bank account.

UAE Exchange Regulation Checklist

  • Check whether UAE Exchange has authorisation to offer consumer credit
  • Check the type of activities that UAE Exchange are allowed to conduct with their authorisation
  • Check the contact details, trading names and main business of UAE Exchange list on their website and the regulator match.

UAE Exchange Fraud Prevention Features

Fraud prevention is highly crucial when transferring money because once the money is gone, it's gone. Scammers most often gravitate towards money transfers. Lack of fraud prevention procedures can lead to loss of funds, or even identity theft.

UAE Exchange goes to great lengths to protect your UAE Exchange account from fraudulent use. We explain some of UAE Exchange anti-fraud features below:

  1. UAE Exchange has SSL encryption that protects the customer's private information.
  2. UAE Exchange has cutting edge technology that monitors almost everything i.e. from logins to transactions.
  3. The UAE Exchange platform has a bespoke monitoring system that helps to detect and prevents fraud.

Automated Transaction Confirmations

Having instant notifications turned on is not only convenient because the user is instantly alerted whenever there is a payment related activity on their UAE Exchange account, as you are instantly aware of every UAE Exchange transaction these notifications to your phone help you to keep tabs on any suspicious activity.

After conducting a transaction with UAE Exchange, the UAE Exchange accounts primary contact will receive a transaction confirmation confirming the transaction amount, rate exchange applied, and UAE Exchange delivery instructions.

UAE Exchange Monitors Your Account for Suspicious Transactions

UAE Exchange has systems and controls in place to detect fraudulent activity and protect UAE Exchange client accounts from misuse. If UAE Exchange detect a questionable transaction on your UAE Exchange account, UAE Exchange will contact you to verify the transactions legitimacy to ensure your UAE Exchange funds are safe.

How Does UAE Exchange Make Money?

UAE Exchange and other money transfer companies often charge their customers a certain amount of interest fees on every transaction made. The fees depend on the amount of money the customer wishes to transfer. UAE Exchange also earn money via foreign exchange rates.

Money transfer companies like UAE Exchange and banks need to survive, so they make money on interest from accounts and money transfers.

UAE Exchange Frequently Asked Questions

We list some of the most frequently asked UAE Exchange questions below.

Is there a limit to how much I can transfer with UAE Exchange?

You can transfer up to 200000 AED/day or 500000 AED/month at a time.

When will I receive my UAE Exchange transfer?

It normally takes 3-5 business days.

Is it possible to cancel my UAE Exchange transaction?

If you need to cancel your transaction due to any reason, kindly contact us on this number +971.26322166.

How old do you have to be to sign up to a UAE Exchange account

To signup to a UAE Exchange account you will need to be at least 18 years old.

UAE Exchange review
Is UAE Exchange a Scam?

UAE Exchange have been in operation since 1980 and have over 15,000,000 customers and 9000 employees. UAE Exchange is not a scam.

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Sending money online with UAE Exchange

Sending money with UAE Exchange is a single process once you have registered and verified your UAE Exchange account and payment methods.

  1. Go to the UAE Exchange website
  2. If you have a UAE Exchange account you can log in, otherwise you will need to create a new account.
  3. Decide how much you would like to send and where you want to send it to.
  4. Enter all the required information about the beneficiary, this might include their name, address, bank account details, and other personal data.
  5. Tell UAE Exchange how the beneficiary wants to get their money. Eg. through a bank transfer, cash pickup, or via some other means.
  6. Agree to the UAE Exchange exchange rate and any fees.
  7. Pay for your UAE Exchange transfer.
  8. Enter your information and provide and supporting documentation to verify your identity.

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How do I receive money from a UAE Exchange money transfer?

Depending on where you are located, you have a few options for how you can receive any money that has been sent to your UAE Exchange account. Your options for receiving money depend on the information entered by the sender, the country you are in, the currency you are receiving, and some other factors. Some methods of receiving money may not be available to you.

Receive UAE Exchange money directly into a bank account

Bank transfers are useful because not only are they safe, but the whole process is quick, and they offer the kind of flexibility no other method can. UAE Exchange allows for a deposit directly into your bank, credit union or other financial account.

UAE Exchange Cash Pickup

Some money transfer companies have agents around the world, and you will need to take identity documents to receive cash. Money is typically available within ten minutes of being sent. UAE Exchange allows you to pick up money in person at a UAE Exchange agent location.

UAE Exchange Smart Money and mobile wallets

A mobile wallet virtually stores cash card details on a smartphone. These are quite convenient as they allow for users to make purchases at physical stores without needing to carry money.

UAE Exchange Does not support mobile wallets.

UAE Exchange Home delivery

It is a way for an individual to receive money without having to leave home. What this means is that any money you send can be received in person at a designated home address. The money is delivered by a local agent. UAE Exchange do not offer home delivery money transfers.

When was UAE Exchange founded?

UAE Exchange was founded in 1980.

Is UAE Exchange Any Good?

UAE Exchange have a rating of 3 and are financially regulated, UAE Exchange can be considered a good money transfer company.

Is it easy to close my UAE Exchange account?

Its is easy to close you UAE Exchange account. You will have to make sure any outstanding payments and fees due to UAE Exchange are paid in full Before UAE Exchange will fully close your account. Make sure when closing your account UAE Exchange send you an official confirmation that your account is closed and no more monies are due to UAE Exchange.

Does it take long to setup a UAE Exchange account?

No, setting up a UAE Exchange account can take a few minutes. You will need to provide some proof of identity and address. You should definitely be able to access all the features of your UAE Exchange account in 1-3 days.

Where are UAE Exchange based?

UAE Exchange are based in Abu Dhabi, UAE

Countries where UAE Exchange is legal?

UAE Exchange is legally allowed to operate in over 22 countries.

How do I track a UAE Exchange Money Transfer

You can track a UAE Exchange money order by calling UAE Exchange or by tracking the order online. Call UAE Exchange number on +971.26322166. The UAE Exchange automated phone system will take a few details and give you a status update. You can go online to the UAE Exchange website and check the status of a money transfer at any time.

If you have a UAE Exchange online account, log in and view your transaction history; If you do not have an online account, or if you are the receiver of the UAE Exchange transaction, use the UAE Exchange payment reference number on the UAE Exchange website to check the status of the transfer.

Can I cancel my UAE Exchange transfer?

The way that you cancel a UAE Exchange transfer depends on how you created and sent the UAE Exchange money transfer originally.

You may need to contact UAE Exchange by phone on +971.26322166, through their website at www.uaeexchange.com or via email [email protected] Requests are typically processed within 30 days, and you may be charged a cancellation fee by UAE Exchange.

If you made the UAE Exchange transfer online, then you should log in, find the transaction in your transaction history and then cancel it on the 'Transaction Details' page. If you do not have a UAE Exchange account, use the 'Track a Transfer tool to find the transaction and then cancel it on the Transaction Details page.

Double check the terms and conditions for cancelling a UAE Exchange transfer on their website.