Money Transfer / Remittance Services
This Key Facts Statement outlines the essential features, fees, and service charges for the remittance services offered by Al Bader Exchange.
Available Remittance Services
You can send money through:
- Bank Account Credit (Local and International)
- Cash payout to an individual
- Mobile Wallet Credit
Al Bader Exchange provides secure, fast, and efficient remittance services for both individual and corporate customers.
Remittance Products & Service Options
| Service Type | Availability |
|---|---|
| Transfer to UAE Bank Accounts | Individual & Corporate |
| Transfer to International Banks | Individual & Corporate |
| Cash Pickup | Individual Only |
| Mobile Wallet Credit | Individual Only |
Fees & Charges
| Service Type | Currency | Mode | Service Charge | Delivery Time |
|---|---|---|---|---|
| UAE Local Bank Transfers | AED | UAEFTS | AED 15.00 – AED 25.00 | UAEFTS: 1–2 working days |
| Wire Transfers (International) | All Currencies | SWIFT or API | AED 10.00 – AED 300.00 | 1 – 4 working days |
An additional 5% VAT will be applied to service charges. Intermediary and/or beneficiary bank charges may also apply, depending on the destination country.
Important Warnings & Disclaimers
- All remittance services are subject to fluctuations in foreign exchange rates.
- Correspondent banks or intermediary institutions may deduct charges before funds reach the beneficiary.
- Processing time may vary depending on the destination country, intermediary banks, and local holidays.
- Refunds for cancelled or rejected transactions will be made at the lower of the issuance or prevailing buying rate.
- Al Bader Exchange reserves the right to terminate or suspend access to services for customers who violate terms or engage in suspicious activities.
- Customers must ensure all information provided is accurate. Errors may lead to penalties or delays.
- Substantial additional fees may be imposed by receiving entities if remittance info is incorrect.
- Transactions may be delayed, frozen, or cancelled due to regulatory or compliance checks.
Note : Al Bader Exchange is licensed and regulated by the Central Bank of the UAE. This Key Facts Statement is issued in accordance with the Consumer Protection Regulation and related Standards.
Al Bader Exchange reserves the right to amend terms and charges per UAE regulations. Changes will be communicated via branches, the official website, or digital platforms.