Menu
Expat.com

Transfer money by IBAN to Europe

Post new topic

Ah Mura

Hello All brothers and sisters

I have a question regarding money transfer banking from Dubai to Europe ( Italy to be precise).
How much cost money transfer for big amount like 50 thousands by baking account. Is there IBAN transfering method?
The issue is that I live in Italy and I have to receive money from a person that have account in Dubai.
Which is the easiest and cheaper why to make is operation legally?

Thanks in advance for helping me. Sorry for weak English.
Is an emergency situation, any king of Idea or  help will be very appreciated😊

XTang

First, read my post in the below thread which explains the basis of charges and correspondent banks.  It is tailored towards UAE and KSA but the principle applies to ANY international FX transfer.

https://www.expat.com/forum/viewtopic.php?id=89839

Secondly, yes IBAN transfer is available.   You can transfer from bank account to bank account or use a money exchange in the UAE to remit on your behalf (handing them cash).

Ah Mura

thank you Xtang!

Articles to help you in your expat project in Dubai

  • Opening a bank account in the United Arab Emirates
    Opening a bank account in the United Arab Emirates

    As an expatriate living and working in the United Arab Emirates, you will need a local bank account to receive ...

  • Opening a bank account in Dubai
    Opening a bank account in Dubai

    In Dubai, opening a bank account is not complicated. You simply need to ensure that you meet some of the ...

  • Accommodation in Dubai
    Accommodation in Dubai

    One of the first things you will need to settle when relocating to Dubai is accommodation. If you are relocating ...

  • Finding a job in Dubai
    Finding a job in Dubai

    Home to 9 million expats, the UAE is a very popular relocation destination. If you are employed by a company in ...

  • Study in Dubai
    Study in Dubai

    Are you looking forward to studying in the United Arab Emirates? Dubai is a perfect choice, and the article below ...

  • Buying property in Dubai
    Buying property in Dubai

    Dubai is like a drug; from the minute you step into the city as a tourist, the love affair starts. Within a short ...

  • Relocating to the UAE
    Relocating to the UAE

    Relocating to another country, especially to somewhere like the UAE, involves a lot of preparation. However, with ...

  • Discover Dubai
    Discover Dubai

    The UAE is a country with over 9 million expats — and this alone says a lot. Dubai is the country's most ...

All of Dubai's guide articles