In this article, you'll discover whether Remitly operates in the UAE, explore some potential drawbacks if it is available, and consider alternative possibilities for money transfers in the region.
Does Remitly Work In Uae?
Remitly is available in the United Arab Emirates, allowing users to send money internationally with ease. The platform supports transfers to numerous countries, providing a convenient option for expatriates and residents looking to remit funds abroad.
Users in the UAE can access Remitly's services through its website or mobile app, which offers various transfer speeds and fee structures. This flexibility ensures that customers can choose the most suitable option based on their needs and urgency.
Fees and Charges for Using Revolut in United Arab Emirates
Here are some general costs that users might encounter when using Revolut in the United Arab Emirates:
- Transaction fees: Revolut may charge fees for certain types of transactions, such as international money transfers or payments in foreign currencies.
- Currency conversion fees: When spending in a currency different from your base currency, Revolut might apply a currency conversion fee, especially during weekends or outside of the interbank exchange rate hours.
- Withdrawal fees: Users may face fees when withdrawing cash from ATMs beyond a certain limit. Revolut typically offers a set amount of free withdrawals per month, after which fees may apply.
- Account maintenance fees: Depending on the type of account (Standard, Premium, or Metal), there might be monthly or annual fees associated with maintaining the account.
- Additional service fees: Fees may be charged for additional services such as express card delivery, insurance packages, or other premium features.
Is Revolut the Best Option in United Arab Emirates?
Even though Revolut is available in the United Arab Emirates, it might not be the best option for users due to certain limitations and restrictions.
- Limited local support: Customer service may not be as responsive in the UAE.
- Currency conversion fees: Higher fees during weekends or outside interbank hours.
- ATM withdrawal limits: Free withdrawals are capped, with fees applying beyond the limit.
- Account restrictions: Some features may be restricted or unavailable in the UAE.
- Service fees: Additional charges for premium services and express card delivery.
Alternatives to Revolut in United Arab Emirates
1) OneSafe
OneSafe is a leading alternative payment solution in the United Arab Emirates, offering ease of use, lower fees, and superior customer support. Key features include simple onboarding, global payments, corporate cards, and multi-currency support. OneSafe streamlines financial operations, making it a superior option for businesses.
OneSafe Reviews
OneSafe has received positive feedback from users who appreciate its comprehensive features such as ACH, Crypto, Wire deposits, and Virtual cards. Users have praised it as the best bank they have used, highlighting its support for most businesses. The company is recognized for its ease of use and superior customer support.
2) Wise
Wise is a viable alternative payment solution in the United Arab Emirates, offering a multi-currency account, international money transfers, and a Wise debit card. Key benefits include lower fees, competitive exchange rates, and robust security measures. Wise supports over 40 currencies, making it a versatile option for both personal and business use.
Wise Reviews
Wise has an overall rating of 4.7 out of 5 based on 86 reviews. Users have reported issues with money transfers being returned without notification and challenges with document approval.
Check out more Wise reviews here.
3) Paypal
PayPal is a reliable alternative payment solution in the United Arab Emirates, offering secure payments, global money transfers, and support for online shopping. Key features include Buyer Protection, 24/7 fraud monitoring, and the ability to link multiple cards. These benefits make PayPal a versatile option for both personal and business use.
Paypal Reviews
PayPal has a rating of 4.4 out of 5 stars. Users have mentioned high transaction fees and a lengthy dispute resolution process.
Check out more PayPal reviews here.
Frequently Asked Questions about Revolut in United Arab Emirates
Is Revolut available for residents of the UAE?
Yes, Revolut is available for residents of the UAE, offering various financial services.
What fees does Revolut charge for international transfers?
Revolut charges fees for international transfers, which vary based on the transfer speed and currency.
Are there any ATM withdrawal limits with Revolut in the UAE?
Yes, Revolut has ATM withdrawal limits, with fees applying after exceeding the free withdrawal limit.
Can I use Revolut for business accounts in the UAE?
Revolut offers business accounts in the UAE, providing various features tailored for business needs.
Does Revolut offer customer support in the UAE?
Revolut provides customer support in the UAE, but response times may vary.
Begin Your Journey with OneSafe Today!
Choosing the right payment solution in the UAE is crucial for seamless financial operations. OneSafe stands out with its ease of use, lower fees, and superior customer support. Explore OneSafe to streamline your financial needs. Sign up today!
