Cheapest way to transfer money to UAE?


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alexm   
Member since: Jun 05
Posts: 419
Location:

Post ID: #PID Posted on: 12-04-07 08:43:58

Does anyone have an idea of what alternatives there are to transfer money to the UAE, besides a cable transfer?

Cable transfer seems like a very expensive proposition - upwards of $75 just for the cable. This is not including the percentage of the money that has to be transferred.

I don't need this to go immediately, within 2 weeks or so is fine.

Any ideas?



jake3d   
Member since: Sep 03
Posts: 2962
Location: Montreal

Post ID: #PID Posted on: 12-04-07 16:37:43

I used to do wire transfer. The fees from TD were a fixed 30$ irrespective of the amount. It took about a week.

I recently tried paypal to a charity in india and it worked fine...took about a week or 2. However I dont remember the fees charged by paypal which was extracted from the sent amount. I remember it being less than the 30$ i usually spend

https://www.paypal.com/cgi-bin/webscr?cmd=_display-fees-outside&countries=ROW

Addition: the transfers I do is to India not UAE for where the charges maybe different.


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freakoutguy   
Member since: Sep 06
Posts: 666
Location: GTA

Post ID: #PID Posted on: 12-04-07 17:16:19

Try XE. Have not personally used it, but have heard good things about their service

http://www.xe.com/fx/#



rajcanada   
Member since: Jul 03
Posts: 2713
Location: Kitchener, ON

Post ID: #PID Posted on: 12-04-07 18:36:47

Quote:
Originally posted by freakoutguy

Try XE. Have not personally used it, but have heard good things about their service

http://www.xe.com/fx/#





Are you sure that XE can be used for money transfer?


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JRF   
Member since: Jul 04
Posts: 1853
Location: GTA, Ontario

Post ID: #PID Posted on: 12-04-07 23:33:00

Yes, I used to transfer money from US to Canada. Rates are better than banks and the process is quick and easy.

Not quite sure how does this work Dubai.

Quote:
Originally posted by rajcanada


Are you sure that XE can be used for money transfer?


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alexm   
Member since: Jun 05
Posts: 419
Location:

Post ID: #PID Posted on: 13-04-07 11:17:15

Thanks jake and freakoutguy for your suggestions. I did take a look at them and they certainly have less fees than cable transfer by banks.





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