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.

Metrobank Swift Code — Metropolitan Bank SWIFT Code

Metrobank Primary SWIFT / BIC Code

MBTCPHMM

Valid for all Metropolitan Bank branches in the Philippines

MBTC

Bank code

Country

Metro Manila

XXX

Branch (opt)

About Metrobank (Metropolitan Bank and Trust)

Metrobank (Metropolitan Bank and Trust Company) is the third largest bank in the Philippines, founded in 1962 in Manila. It has over 950 branches and 2,400 ATMs across the Philippines, with particularly strong coverage in Metro Manila, CALABARZON, and urban centres in Mindanao and Visayas.

Metrobank is well-regarded for its OFW banking services, offering the Metrobank OFW Savings Account with zero maintaining balance — a feature specifically designed for overseas workers who may not be making regular deposits.

OFW note: Metrobank's OFW Savings Account has a zero maintaining balance requirement. This makes it ideal for OFW families who want a dedicated account to receive remittances without incurring fees.

Transfer Details for UAE to Metrobank

Bank Name

Metropolitan Bank and Trust Company

SWIFT / BIC Code

MBTCPHMM

Account Number

13-digit Metrobank account number

Account Holder Name

Full name as registered with Metrobank

Bank Address

Metrobank Plaza, Sen. Gil J. Puyat Ave., Makati City 1200, Philippines

Tip: Metrobank account numbers are 13 digits long — double-check this when providing details to UAE senders. An incorrect digit will cause the transfer to fail or be delayed.

UAE Providers That Support Metrobank Deposits

RemitlyPopular

Direct Metrobank account delivery from UAE. Express: typically within minutes. Economy: 3–5 days at better AED to PHP rate.

Review →

Al Ansari ExchangeWalk-in

Bank transfer to Metrobank from Al Ansari UAE branches. Walk-in cash payment accepted.

Review →

LuLu ExchangeNo fee

Metrobank delivery from LuLu Exchange UAE. Competitive rates with no transfer fee for certain amounts.

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WiseBest rate

Wise bank transfer to Metrobank via SWIFT. Best AED to PHP mid-market rate. Flat transparent fee.

Review →

Compare all providers for AED → PHP →

Frequently Asked Questions

What is the Metrobank SWIFT code?

Metrobank (Metropolitan Bank and Trust Company) SWIFT code is MBTCPHMM. This 8-character BIC identifies Metrobank in the Philippines for all international wire transfers. It is the same code for all Metrobank branches — you do not need a branch-specific code for transfers from the UAE.

How do I receive money from UAE to Metrobank?

To receive from UAE to Metrobank, provide your sender with: (1) SWIFT code: MBTCPHMM, (2) Your Metrobank account number (13 digits), (3) Full account name, (4) Bank: Metropolitan Bank and Trust Company, Manila, Philippines. UAE providers such as Remitly and LuLu Exchange support direct Metrobank delivery. Funds typically arrive within 1–2 business days.

Is Metrobank popular for OFW remittances from UAE?

Yes. Metrobank is the third largest bank in the Philippines and is especially popular among OFWs from Metro Manila, Calabarzon (Cavite, Laguna, Batangas, Rizal, Quezon), and Bicol region. Metrobank also has a dedicated OFW banking program called Metrobank OFW Savings Account, which offers zero maintaining balance for overseas workers.

Related Philippine & SWIFT Code Pages

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.