UAE Banks / Wiring money back home

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Jul 11th 2008, 9:20 pm

#16

Squirty Cream

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Re: UAE Banks / Wiring money back home

Quote:

Originally Posted by fritztastic

Al Salaam,

Couple quick questions:

1) Anyone have an impression of HSBC here in Dubai? My company has an account with them, and set me up, but I'm not overly impressed--and I have their Status Account.

Any banks anyone recommends?

2) Also, what's the cheapest way to wire money back home? HSBC charges 50Dhs, then my bank at home charges 20GBP!?! Anyone found a way to pass some of these fees?

Any help appreciated!

Cheers,
Fritz

ADCB are quite good, I have accounts with several banks, also Abu Dhabi Islamic Bank is good.

Here is a way of sending money, but it's not wiring it. Go to Al Ansari Exchange (any one) and ask for a Barclays cheque, pay the cash in dirhams they give you a sterling cheque and you can courier it. Takes a couple of days but only costs about Dh60 (fees and the courier charges if you use your employer's courier service) - I do it all the time, works well.