Top Licensed Currency Remittance Companies in UAE - Local & Foreign Transfer Services

Home > UAE > Remittance of Local and Foreign Currencies in UAE - 70 Listings
  • P.O. Box:
    116399
  • Address :
    Opposite Florida Hotel, Nr Sabkha Bus Stand
  • Area :
    Deira
  • City :
    Dubai

Alfa Exchange is a company founded in the year 2008 by Mr. Mohammad Abdel Aziz Dawood Mohammad Tahir, who is a young entrepreneur hailing from UAE. Even though it was established in 2008, the company started operating fully only from the year 2009. T...
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PROFILE OF Remittance of Local and Foreign Currencies

FAQS

How much does it cost to send a remittance from UAE?

Remittance fees in the UAE typically range from AED 15 to AED 50 per transaction depending on the destination country and transfer speed.

  • Cash-to-cash transfers to South Asia often cost less than bank account transfers
  • Digital app-based remittances usually carry lower fees than branch transactions
  • Exchange rate margins also affect the total cost beyond the stated fee

Are UAE exchange houses safe for large remittances?

Yes, UAE exchange houses licensed by the Central Bank of the UAE are subject to strict capital and compliance requirements that protect customer funds.

  • Licensed operators must maintain minimum capital reserves
  • All transactions are subject to Anti-Money Laundering monitoring under Federal Decree-Law No. 20 of 2018
  • Always verify the Central Bank license number before large transfers

How long does a currency remittance from Dubai take?

Cash-to-cash remittances from Dubai typically arrive within minutes to a few hours, while bank account transfers can take one to three business days.

  • Same-day payout is standard for major corridors like India, Pakistan, and the Philippines
  • Bank transfers depend on the receiving bank's clearing schedule
  • Public holidays in either country can delay processing

What documents are required to send money from UAE?

Senders need a valid Emirates ID and, for larger amounts, additional documentation such as proof of income or source of funds.

  • Emirates ID is mandatory for every transaction regardless of amount
  • Transfers above certain thresholds trigger enhanced due diligence under AML regulations
  • Corporate remittances require trade license and authorized signatory documents

What is the difference between a bank and an exchange house for remittance?

Exchange houses specialize in currency exchange and money transfer services, while banks offer remittance as one of many financial products alongside deposits and loans.

  • Exchange houses typically offer faster processing and lower fees for cash transfers
  • Banks may offer better rates for large corporate transfers
  • Both are regulated by the Central Bank of the UAE

Can I remit money from UAE without a bank account?

Yes, most UAE exchange houses allow walk-in cash remittances without requiring the sender to hold a bank account.

  • Cash payments are accepted at branch counters across Dubai and Abu Dhabi
  • Recipients can also collect cash payouts without a bank account in many corridors
  • Digital wallets are increasingly used as an alternative to traditional bank accounts

How do I check if a money exchange company in UAE is licensed?

Verify licensing by checking the company's Central Bank of the UAE registration, which should be displayed at the branch and on official correspondence.

  • The Central Bank publishes a list of licensed exchange houses on its official website
  • Ask for the license number and cross-check before large transactions
  • Avoid unlicensed informal transfer networks where legality is uncertain

What currencies can be remitted from exchange houses in UAE?

UAE exchange houses handle remittances in most major and regional currencies including USD, GBP, EUR, INR, PKR, and PHP among others.

  • Exchange rates fluctuate daily based on interbank market movements
  • Some exchange houses specialize in specific regional corridors
  • Rare currencies may only be available at larger branches

Is there a limit on how much money I can remit from UAE?

There is no fixed legal cap on remittance amounts, but transactions above certain thresholds require additional documentation under AML compliance rules.

  • Large transfers may require proof of source of funds
  • Corporate remittances above set thresholds are reported to the UAE Financial Intelligence Unit
  • Daily branch cash limits may apply depending on the operator

Which is better for remittance from UAE - bank transfer or exchange house?

Exchange houses generally offer faster, lower-cost transfers for personal remittances, while banks suit large corporate or investment-related transfers.

  • Compare exchange rates and fees across both before transferring
  • Exchange houses often win on speed for South Asia and Africa corridors
  • Banks may offer better documentation for audit and compliance purposes
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