What does remit mean?

To remit means to send money to someone in another country, usually as a payment or support. In finance, a remittance is a transfer of money by a foreign worker to their home country. In the UAE, remittance (remit) refers to money sent by expat workers — from Indian, Pakistani, Filipino, and other communities — back to their families. The UAE is the world's 3rd largest remittance-sending country, with over $43 billion sent abroad annually. remit.ae is the UAE's independent comparison platform for all CBUAE-licensed remittance providers.

What is remittance in UAE?

Remittance in UAE refers to money transferred by expatriate workers living in the UAE back to their home countries. The UAE sends over $43 billion in remittances annually, making it one of the world's largest remittance-sending nations. The most common corridors are UAE to India (AED to INR, ~$14B/yr), UAE to Pakistan (AED to PKR, ~$6B/yr), UAE to Philippines (AED to PHP, ~$3.5B/yr), and UAE to Bangladesh (AED to BDT, ~$2.5B/yr). All remittance providers in UAE must be licensed by the Central Bank UAE (CBUAE). Compare CBUAE-licensed providers at remit.ae.

Remitly AE (Remitly in the UAE) is a digital money transfer app available in the United Arab Emirates. It is licensed by CBUAE and allows UAE residents to send money internationally — particularly to India, Pakistan, Philippines, and other corridors. Remitly offers two speed options: Economy (1-3 business days, better rate) and Express (minutes, higher fee). Compare Remitly rates versus Al Ansari Exchange, LuLu Exchange, Wise and other UAE providers at remit.ae.

What does e-remit mean?

E-remit (electronic remittance) means sending money internationally through a digital or online platform, without visiting a physical exchange house or bank branch. In the UAE, e-remit services include apps like Wise, Remitly, and WorldRemit, as well as online banking transfer portals from UAE banks. E-remit is popular among UAE white-collar workers for bank-to-bank transfers. For cash pickup and walk-in services, UAE exchange houses like Al Ansari and LuLu Exchange remain the most used. Compare all UAE e-remit and exchange house rates at remit.ae.

What is the best money transfer app in UAE?

The best money transfer app in UAE depends on your destination and priority. Wise: best exchange rate (mid-market), transparent fees, ideal for bank-to-bank. Remitly: fastest delivery (minutes via Express), good for India/Pakistan/Philippines. WorldRemit: good for mobile wallet delivery. For walk-in cash transfers, UAE exchange houses (Al Ansari Exchange, LuLu Exchange, GCC Exchange) have 200+ branches across Dubai, Abu Dhabi, and Sharjah. All must be CBUAE-licensed. Compare current rates at remit.ae — always verify final rate with your provider.

What is the best way to transfer money from UAE to India?

The best way to transfer money from UAE to India (AED to INR) depends on your priority. For the best exchange rate: Wise (mid-market rate). For walk-in with cash: Al Ansari Exchange or LuLu Exchange (200+ UAE branches each). For fastest delivery: Remitly Express (minutes). UAE exchange houses are generally competitive for amounts over AED 1,000. Compare current AED to INR rates from all CBUAE-licensed providers at remit.ae — always verify final rate directly with your provider before sending.

Which is the cheapest money transfer from UAE to India?

The cheapest money transfer from UAE to India changes daily as exchange rates fluctuate. Wise typically offers the mid-market AED to INR rate with a small transparent fee. Al Ansari Exchange and LuLu Exchange are often competitive for larger amounts (AED 1,000+) with zero transfer fees but a small FX margin. Compare all providers' total cost — rate plus fee — at remit.ae. Always verify the final rate with the provider before sending.

Is remit.ae a money transfer service?

No. remit.ae is an independent editorial comparison platform — not a money transfer service. We do not transfer money, hold funds, or act as a financial institution. remit.ae compares live rates and fees from CBUAE-licensed providers including Al Ansari Exchange, LuLu Exchange, GCC Exchange, Wise, Remitly, Western Union, and others. Always send money directly through the licensed provider you choose.

What is WPS and how does it affect money transfers from UAE?

WPS (Wage Protection System) is a UAE Central Bank mandatory system requiring all UAE employers to pay salaries electronically between Day 24-28 of each month. After WPS salary credit, demand at UAE exchange houses spikes sharply as workers send money home. Al Ansari Exchange and LuLu Exchange branches in Dubai and Abu Dhabi can have long queues during WPS week (Days 24-28). Digital apps like Wise and Remitly avoid queues. remit.ae tracks WPS timing to help UAE workers compare providers during peak remittance periods.

Emirates NBD SWIFT Code — EBILAEAD for International Transfers

Emirates NBD SWIFT / BIC Code

EBILAEAD

Use this for all international transfers to Emirates NBD accounts

EBIL

Bank code

Country (UAE)

Location

XXX

Branch (opt)

About Emirates NBD SWIFT Code EBILAEAD

Emirates NBD (Emirates National Bank of Dubai) was formed in 2007 through the merger of Emirates Bank International and National Bank of Dubai. The SWIFT code EBILAEAD comes from the legacy Emirates Bank International code:

EBIL — Emirates Bank International Limited (legacy bank code)
AE — United Arab Emirates
AD — Abu Dhabi/Dubai location code

Some international banks may also accept EBILAEAD XXX (with XXX branch suffix for the primary branch). Both forms are correct.

Your Emirates NBD Details for Receiving International Transfers

Bank Name

Emirates NBD Bank PJSC

SWIFT / BIC Code

EBILAEAD

IBAN

Your 23-character UAE IBAN (starts with AE)

Account Holder Name

Full name as on Emirates NBD account

Bank Address

Emirates NBD, Baniyas Road, Deira, Dubai, UAE

Where to find your IBAN: Your Emirates NBD IBAN is 23 characters, starting with AE. Find it in the Emirates NBD app under Account Details, on your account statement, or by calling 600 54 0000.

Countries That Can Send to Emirates NBD

Emirates NBD accepts international wire transfers from all countries that maintain SWIFT correspondent banking relationships with the UAE. Common sending countries for UAE expats:

🇮🇳

India

NEFT/SWIFT via Indian banks or Wise

🇵🇰

Pakistan

Via Pakistani banks or exchange houses

🇵🇭

Philippines

Via BDO, BPI, or remittance apps

🇬🇧

United Kingdom

Via Wise, Barclays, HSBC

🇺🇸

United States

Via wire transfer or Wise

🇪🇺

Europe

Via SEPA wire or Wise

Emirates NBD DirectRemit — Sending OUT of UAE

Emirates NBD DirectRemit: If you hold an Emirates NBD account and want to send money OUT to India (or other countries), Emirates NBD offers its own DirectRemit service. For AED → INR transfers through DirectRemit to Indian NRE/NRO accounts, ENBD often offers competitive rates. Compare it against Wise and exchange houses on remit.ae before sending.

Compare all UAE → India providers →

Frequently Asked Questions

What is Emirates NBD SWIFT code?

Emirates NBD's SWIFT code (BIC) is EBILAEAD. The bank code EBIL comes from Emirates Bank International Limited, Emirates NBD's predecessor before the merger with National Bank of Dubai. Despite the merger and rebranding, the SWIFT code EBILAEAD is retained. This is the correct code to use when receiving any international transfer into an Emirates NBD account.

How to receive money from India to Emirates NBD?

To receive money from India into your Emirates NBD account, give the sender: SWIFT code EBILAEAD, your Emirates NBD IBAN (starting with AE, 23 characters), and your full name. Indian senders can use NEFT/RTGS to international correspondent banks, or apps like Wise or Remitly. Funds typically arrive in 1-2 business days.

How long does an international transfer to Emirates NBD take?

International transfers to Emirates NBD typically take 1-3 business days depending on the sending bank and country. Transfers from countries with strong UAE banking corridors (India, Pakistan, Philippines) can arrive same-day or next-day through specialist remittance channels. SWIFT wire transfers from the US or UK usually take 2-3 business days. Emirates NBD also charges a receiving fee for incoming international transfers.

Other UAE Bank SWIFT Codes

remit.ae is an independent comparison service. SWIFT codes are provided for informational purposes — always verify with your bank before initiating a transfer. Stack Jewels LLC.