About USD and AED
The US-UAE economic relationship is one of the fastest-growing US partnerships globally as well as in the Gulf Region. In 2018, a $14.5 billion trade surplus was recorded by the US with respect to deals with UAE. This vigorous economic partnership has made it imperative to send money from US to UAE. This is besides the many other reasons such as sending money to family and friends that make these remittances necessary. If you have the need to transfer money from US to UAE then the below comparison should make your work easier.
Best way to send money from the US to UAE
Many companies offer these transfer services at different transaction costs, speeds and rates. It is your role as the sender to scrutinize the options put on the table for you and see which one is better for you. While making your selection you should know that;
Digital money transfer services like OFX and Transfer Wise offer the best exchange rates when sending money from US to UAE. The former enables you to remit money in the bank account of United Arab Emirates.
The fastest way for sending money from USA to UAE is World Remit. It also offers affordable exchange rates.
You can use Currency Fair and Venstar Exchange to make your remittances safer from the US to UAE. The supported amount of the latter is between $5000-$1000000 and provides wholesale services to individuals and business clients.
Travelex and Western Union are other options you can use to send money from US to UAE.
You can deposit your money via the bank, using your credit card or debit card into the various options of distribution that enable you to convey your cash. Payout is via banks and bank deposits.
4 ways to get the most of your remittances from US to UAE
Learn how to compare service providers that enable you to send money from US to UAE by weighing their fees against speeds:
Delivery method: Choose a method of delivery that is most convenient to your recipient and that you are sure it is safe for him or her.
Money limits: Be sure to pick a money transfer company that will not limit you as to how much money you can send or not. Some companies like Venstar Exchange have a minimum as well as maximum transfer limits as stated above.
Exchange Rates: The USD-AED relationship is volatile and keeps on changing regularly. Having an updated platform such as here at Exchange Rate IQ makes sure that you know the exact moment when conditions are favorable to send your money to UAE.
Transfer speeds and turnaround time: The speed of transfer that your remittance agency offers matters depending on your level of urgency. You have to check on the amount of time it takes for your option to release the cash upon arriving at its designated location.