Managing finances as an expat in the UAE can be challenging, especially when sending money to India. As per Gulf News, expatriates make up more than 90% of the UAE’s workforce, hence the enormous demand for reliable, fast, and affordable money transfer services.
Remitly has stepped up as a popular solution, offering a streamlined service that ensures your hard-earned money reaches loved ones quickly and securely.
In this blog, we'll explore Remitly's services for UAE customers so you know exactly what to expect when sending money abroad and encourage you to consider Vance, an alternative solution that may better suit your needs.
How does Remitly Work in the UAE?
Remitly simplifies transferring money from the UAE to various countries, including India. It offers two main types of transfers:
- Express Transfer: Ideal for urgent transfers, it allows money to be sent within minutes. However, it comes with a higher fee.
- Economy Transfer: If you have more time, the economy option is cheaper but may take 3 to 5 business days.
Delivery Methods:
Remitly allows delivery to bank accounts, cash pickups, UPI, or mobile wallets. Cash pickups can be made at major banks and partners like ICICI Bank, HDFC Bank, and others across India.
How to Start a Transfer:
Sign up on Remitly, select your destination country, choose the delivery method (e.g., bank deposit, cash pickup, UPI), and confirm the details.
What are the charges for Remitly Money Transfers from the UAE to India?
Remitly offers a transparent fee structure:
- Express Transfer: Higher fees due to faster delivery.
- Economy Transfer: Lower fees with a longer transfer time.
For instance, sending 1000 AED to India through Remitly incurs no fees for the first transaction but ranges between 5-10 AED after that, depending on the transfer speed.
In comparison, Vance's services in the UAE offer a flat £3 fee, which might appeal to users who want to avoid hidden costs.
How long do Remitly Transfers take?
- Timing is crucial, especially when sending money for emergencies. Remitly's Express Transfer ensures that funds reach the recipient within minutes. The Economy option, while cheaper, takes 3-5 days.
- However, these timings can vary based on factors like the recipient country’s banking hours and UAE-specific banking regulations.
- On the other hand, Vance provides real-time tracking for all transfers, giving you peace of mind that your money will arrive precisely when expected. This feature, combined with their customer-centric approach, makes Vance a worthy consideration for UAE residents.
Enjoy Money Transfers from the UAE to India with Vance
Experience lightning-fast money transfers from the UAE to India with Vance. Get real-time Google rates on all your money transfers with absolutely no hidden fees - no surprises, just the best deals on every transfer.
Stay ahead with our exclusive rate alerts, tracking the AED to Rupee so you can send money at your desired rate. Join a savvy community of over 100,000 NRIs who’ve collectively saved more than ₹50 Cr in transfer fees.
In Conclusion
Remitly is a reliable option for transferring money from the UAE, offering competitive fees, a wide range of currencies, and robust customer support. However, exploring other services such as Vance that might offer additional features that better suit your needs is always good.
Ultimately, the choice between Remitly and Vance will depend on your prioritisation—cost, speed, or customer service.
Sources
Remitly: https://www.remitly.com/ae/en/india
Pricing: https://www.remitly.com/ae/en/india/pricing
Remitly About Us: https://www.remitly.com/ae/en/home/about
Disclaimer
This content is for general informational purposes only and should not be taken as financial, legal, or professional advice from Vance or its affiliates. While we strive for accuracy, the information may change over time. Vance makes no representations, warranties, or guarantees, whether express or implied, regarding the accuracy, completeness, or reliability of the information provided. The comparison is based on publicly available data and is intended to assist users in making informed decisions. It is not a substitute for professional advice or consultation with financial experts. Please review the terms of use and product availability for your region or visit the service provider's website for the latest pricing and service information.
FAQs
Q1. What currency options are available for Remitly transfers from the UAE?
Remitly offers a wide range of currency options for transfers from the UAE, catering to the diverse expat population.
Q2. Are there any UAE-specific regulations that impact Remitly transfers?
Remitly complies with UAE regulations like AML and KYC to ensure secure transfers.
Q3. How does Remitly’s customer support assist users in the UAE?
Remitly offers 24/7 customer support in multiple languages, making it accessible for users in the UAE.
Q4. What payment methods are available for Remitly users in the UAE?
Users can pay through bank transfers, debit cards, and credit cards.
Q5. Can Remitly transfers from the UAE be tracked in real time?
Yes, Remitly offers real-time tracking for all transfers, ensuring transparency and peace of mind.
