Sending and receiving money in the UAE: transfers, limits and fees
The UAE has no capital controls, but transfers are policed for anti-money laundering. Both banks and licensed exchange houses send money; exchange houses are usually cheaper and faster for smaller sums, banks are used for larger amounts and property deals.
Costs and channels
| Channel | Typical cost | Speed | Checked |
|---|---|---|---|
| Bank transfer (SWIFT) | AED 50–150 + % | 1–3 days | 11.10.2026 |
| Exchange house | AED 15–26 flat | same day | 11.10.2026 |
| Card networks / wallets | 2–4 % spread | minutes | 11.10.2026 |
Rules to know
- You need Emirates ID and a source-of-funds explanation for large transfers.
- Exchange houses must be licensed by the Central Bank of the UAE — check the official list before you hand money over.
- Cash declarations apply at the border for large amounts; see UAE Customs.
Frequently asked
- Is sending money abroad limited?
- There are no personal limits, but the bank checks the source of funds for larger amounts.
- What is the cheapest way?
- For small sums a licensed exchange house; for large sums compare SWIFT fees and the exchange-rate margin.
- Do I need Emirates ID?
- Yes for a resident account and for most transfer services.
Fees and limits change — confirm with your bank, exchange house and the Central Bank before sending.