Bank or EMI for Europe to Dubai

[debudubai]

My European bank does not allow bank transfers to the UAE so I'm looking at solutions.

There's TransferWise, but what else? I've come across Mercury Global (not to be confused with Mercury, the US bank) but I can't seem to find much on them.

What other options are there that will allow large transfers ($25K+)? This is to cover a rental agreement and initial expenses.

 

[Lee74]

Maybe use crypto if both banks at either end play well with exchanges

 

[debudubai]

Lee74 said:
Maybe use crypto if both banks at either end play well with exchanges
Click to expand...

Unfortunately, crypto is not an option.

 

[Mr Gus]

Open an account at a bank that does support transfers to the UAE.

 

[BlueMist]

Moneycorp will work great. I used them for EUR SEPA deposits, exchange whatever is required to AED or USD and send it further. Then they send the transfers as OUR, covering all fees along the way for free. If it is regular transactions, just negotiate with them FX margin on your account to give you better spreads.

 

[MiddleEuroAsia]

debudubai said:
My European bank does not allow bank transfers to the UAE so I'm looking at solutions.

There's TransferWise, but what else? I've come across Mercury Global (not to be confused with Mercury, the US bank) but I can't seem to find much on them.

What other options are there that will allow large transfers ($25K+)? This is to cover a rental agreement and initial expenses.
Click to expand...

You have plenty of options (I guess yours is personal transfers?):

Moneycorp as @BlueMist said.
Ebury.
currencyfair
multipass (foremerly dynapay)

There are other EMIS(besides the above ones) but for business accounts/transfers.

 

[debudubai]

MiddleEuroAsia said:
You have plenty of options (I guess yours is personal transfers?):

Moneycorp as @BlueMist said.
Ebury.
currencyfair
multipass (foremerly dynapay)

There are other EMIS(besides the above ones) but for business accounts/transfers.
Click to expand...

Just wanted to follow up on this.

Which EMIs do you recommend for business accounts (freezone company) when it comes to transfers to/from Europe and the UAE?

 

[MiddleEuroAsia]

debudubai said:
Just wanted to follow up on this.

Which EMIs do you recommend for business accounts (freezone company) when it comes to transfers to/from Europe and the UAE?
Click to expand...

Currenxie and Ebury.

 

[whopsie]

Ebury asked 25,000 AED (Around 6,300 EUR) for account opening due to estimated annual transaction being less than 2M Euros

 

[debudubai]

whopsie said:
Ebury asked 25,000 AED (Around 6,300 EUR) for account opening due to estimated annual transaction being less than 2M Euros
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Thanks for sharing. I'm still looking into options. Great to hear if others can share what they're doing for both personal and corporate use when it comes to EMIs outside of the UAE for receiving payments.