The Emirati dirham, not to be confused with the Moroccan dirham, is the official currency of the United Arab Emirates. Abbreviated as AED, the Emirati dirham is the shared currency of all 7 states within the United Arab Emirates federation: Abu Dhabi, Dubai, Sharjah, Ajman, Umm Al-Quwain, Fujairah and Ras Al Khaimah. This union of emirates was established in 1971, with the economy rapidly growing in strength over the last 50 years since then.
The United Arab Emirates is in possession of 6% of the world’s oil reserves and in 2019 came 30th in the world in terms of Gross Domestic Product. AED is widely considered to be one of the most solid currencies in terms of exchange rate stability and has been pegged to the US dollar since 1973.
When considering how to send money United Arab Emirates from Switzerland there are some key aspects of the transfer to consider.
The cheapest provider we found is XE at 0.9% Above Mid-Market Rate.
If you’re looking for the best combination of price, speed, and reliability we recommend using XE when transferring CHF to AED.
This means that by using XE for online money transfers to United Arab Emirates from Switzerland, you are likely to save on transfer fees and benefit from fast speeds – so your recipient will get more money and have it delivered in less time.
Alternatively, if you are unable to access XE for any reason, our comparison engine has found WorldRemit and VertoFX also to be very good options when sending CHF – AED.
This recommendation was updated one minute ago.
In order to avoid high fees, you should consider the cheapest way to send from Switzerland to United Arab Emirates.
XE has been determined by our comparison engine to be currently offering you the cheapest rates possible.
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When sending money from Switzerland to United Arab Emirates, speed is one of the biggest factors you need to consider in terms of the service offered by different money transfer providers. Currently, WorldRemit is the fastest way to send CHF – AED.
Most money transfer providers allow you to deposit and send money using various payment methods, but not all providers offer every option. Typically you’ll find the most common methods are bank transfers and card payments, but many providers also accept cash and some will even deliver funds straight to your recipient’s door.
To avoid high fees you can opt to use an online money transfer provider such as WorldRemit to pay for your transfer to United Arab Emirates.
With XE you can send money online to United Arab Emirates using your debit card. But before making a payment, make sure you understand all the processing fees in place.
Bank and wire transfers are the most common ways of sending money United Arab Emirates as they are secure, reliable, and convenient. However, they often come with the slowest delivery times in case speed is an important factor for you. You can use XE to send money using a bank or wire transfer at a great rate as long as you’re happy for your transfer to take 1-2 days.
When sending money to United Arab Emirates from Switzerland using bank account transfer you are paying for the outgoing fees, flat fees, currency exchange rate markup, and sometimes an additional incoming transfer fee.
If you want to make an international transfer using wire transfer, you will need to know the SWIFT/BIC code of your recipient in United Arab Emirates. If you’re unsure what it is, check out our SWIFT calculator to figure out the correct SWIFT code in United Arab Emirates.
On the other hand, you usually only pay a sender fee and a small exchange rate markup when using online money transfer services such as XE, WorldRemit and VertoFX .
Before sending money to United Arab Emirates from Switzerland, you should consider the following:
This one’s easy. Simply use our comparison table above to find the best provider to send CHF to AED. After that it’s just a process of making your transfer via the following steps:
Your recipient has a few methods available to receive your money in United Arab Emirates. These will vary between providers, but it is possible to find services that will:
If your recipient is going to collect or have the money delivered to them in United Arab Emirates, then they will usually need the following:
The amount of AED you can receive from Switzerland will largely depend on the money transfer service you are using. There are providers that specialise in smaller remittance payments, and providers who specialise in larger transfers.
You should also check if there are any government regulations pertaining to the amount of AED that can be received in United Arab Emirates or sent from Switzerland before making your transfer.
April is a trained journalist and the Content Editor for MoneyTransfers.com. She has 10 years experience writing about a diverse range of subjects, from financial services to arts and entertainment. When she’s not writing about global remittances she can be found daydreaming about her next holiday abroad.