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.

First Abu Dhabi Bank (FAB) SWIFT Code — NBADAEAA

First Abu Dhabi Bank (FAB) SWIFT / BIC Code

NBADAEAA

Formerly National Bank of Abu Dhabi (NBAD)

UAE's largest bank · Abu Dhabi headquartered

NBAD

Bank code

Country (UAE)

Abu Dhabi

XXX

Branch (opt)

About FAB SWIFT Code NBADAEAA

FAB History: First Abu Dhabi Bank (FAB) was created in 2017 when National Bank of Abu Dhabi (NBAD) merged with First Gulf Bank (FGB). FAB inherited NBAD's SWIFT code NBADAEAA. FAB is now the largest bank in the UAE (and one of the largest in the Middle East) with extensive international banking relationships.

The SWIFT code breaks down as: NBAD (National Bank of Abu Dhabi — legacy bank code) + AE (United Arab Emirates) + AA (Abu Dhabi location). Some systems may show the full 11-character version: NBADAEAAXXX.

Your FAB Account Details for Receiving International Transfers

Bank Name

First Abu Dhabi Bank PJSC (FAB)

SWIFT / BIC Code

NBADAEAA

IBAN

Your 23-character UAE IBAN (starts with AE)

Account Holder Name

Full name as on FAB account

Bank Address

First Abu Dhabi Bank PJSC, Khalifa Business Park, Abu Dhabi, UAE

Where to find your FAB IBAN: Log in to FAB Online Banking or the FAB app. Go to Account Details. Your 23-character UAE IBAN starts with AE. You can also find it on your FAB account statement or by calling 600 52 5500.

What is a SWIFT Code?

A SWIFT code (also called BIC — Bank Identifier Code) uniquely identifies a bank in the global SWIFT network, which processes most international wire transfers. Without a correct SWIFT code, international banks cannot route your payment to the right institution.

For UAE accounts, international senders also need your IBAN (International Bank Account Number) — a 23-character code starting with AE that identifies your specific account.

Sending Money from UAE with FAB — Best Options

FAB account holders sending money out of the UAE to India or other countries should compare providers:

WiseBest rate

Best AED→INR mid-market rate. Link your FAB account or debit card.

Review →

Al Ansari ExchangeWalk-in

Walk-in at 200+ UAE branches. Cash or card. Direct India bank deposit.

Review →

FAB International TransferFrom FAB

Send directly from FAB Online Banking. Convenient but check rates vs specialists.

Review →

RemitlyFastest

Use your FAB debit card. Express delivery in minutes to India.

Review →

Compare all UAE money transfer providers →

Frequently Asked Questions

What is First Abu Dhabi Bank (FAB) SWIFT code?

First Abu Dhabi Bank's SWIFT code is NBADAEAA. FAB was formed in 2017 through the merger of National Bank of Abu Dhabi (NBAD) and First Gulf Bank (FGB). The SWIFT code NBADAEAA comes from the legacy National Bank of Abu Dhabi. FAB is the UAE's largest bank by assets and is well-connected to global correspondent banking networks.

How to receive money from India to FAB account?

To receive money from India into your First Abu Dhabi Bank (FAB) account, provide the sender: SWIFT code NBADAEAA, your FAB IBAN (23 characters starting with AE), and your full name. Indian senders can use bank wire transfers via SWIFT or digital apps like Wise. Funds typically arrive in 1-3 business days.

Is FAB a good bank for receiving international transfers?

Yes — First Abu Dhabi Bank (FAB) is the UAE's largest bank and maintains extensive international correspondent banking relationships. FAB processes incoming international transfers efficiently and is connected to SWIFT's global network. FAB also offers its own international transfer service for sending money from UAE to over 100 countries.

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.