Sending money from the United Arab Emirates (UAE) to Pakistan has become easier than ever with various remittance providers offering competitive exchange rates and convenient online transfer options. This guide highlights the top remittance providers, their exchange rates, and step-by-step instructions on how to send money using platforms like Wise and OFX. Additionally, we’ll explore safety tips, benefits of different services, and strategies to ensure you get the best exchange rate.
Top Remittance Providers and Exchange Rates:
When sending money from UAE to Pakistan, it’s essential to choose a reliable provider with favorable exchange rates. As of August 1, 2023, the following providers offer competitive rates:
Remittance ProviderExchange Rate (1 AED to PKR)Additional OfferWise76.7956NoneOFX76.368510 Free TransfersPaysend76.30133 Free TransfersXE Money Transfer75.8035NoneSkrill75.6769AED 45 Bonus on First TransferStep-by-Step Guide to Send Money from UAE to Pakistan:
Wise:
Visit the Wise website or app and create an account.Enter the amount and recipient’s details.Choose source currency (AED) and destination currency (PKR).Review the exchange rate and fees.Enter payment details and confirm the transfer.
OFX:
Create an account on the OFX website or app.Enter the transfer amount and recipient’s details.Choose source currency (AED) and destination currency (PKR).Review the exchange rate and fees.Confirm the transfer by entering payment details.
Paysend, XE Money Transfer, Skrill:
Sign up on the respective platform.Provide transfer amount and recipient’s information.Choose currencies for sending and receiving.Review exchange rate and fees.Confirm the transfer with payment details.Safety Tips for Online Money Transfers:Use reputable money transfer services.Access official websites directly; avoid clicking on unsolicited links.Be cautious of offers that seem too good to be true.Keep personal and financial information secure.Benefits of Using Different Services:Paysend: Offers low fees and a convenient platform.XE Money Transfer: Provides competitive exchange rates.Skrill: Offers diverse payment methods and a good reputation for customer service.Getting the Best Exchange Rate:Research different service providers for the best rates.Compare foreign exchange operators and their offerings.Choosing the Cheapest Transfer Method:Consider online money transfer companies for better rates and lower fees compared to banks.Sending Money Quickly:Use cash transfers or mobile wallets for faster transfers.Selecting the Right Money Transfer Service:Consider your transfer needs, including amount, fees, and exchange rates.Choose the service that aligns with your preferences.Steps to Transfer Money to Pakistan from UAE:Register with the provider.Verify your identity.Add your payment method.Add recipient’s details.Choose delivery method.Specify transfer amount and initiate the transaction.Monitor your email for transfer updates.
Sending money from UAE to Pakistan has become seamless with a range of remittance providers offering competitive rates and user-friendly platforms. By following the step-by-step instructions and considering safety tips, you can make secure and efficient online money transfers while benefiting from the best exchange rates available.