Remittance Services

Inward and Outward remittance through Telegraphic Transfer or Demand Draft can be conveniently arranged for all our valued customers through our extensive network of branches. NBAD can provide secure remittances in all major currencies through our arrangements with a worldwide network of correspondent banks.

All Remittances (e-transfers) done through our Internet banking service ‘nbadOnline’ available 24 hours a day, also enjoy a 33% reduction in our standard remittance charges.

Additionally, fixed preferential exchange rates are applied for all AED/USD transactions @ 3.665 (BUY) and 3.680 (SELL) for all nbadOnline transactions.

nbadOnline users also have convenient option of remittance with "Pay In Full" or "Pay Less Charge".“Pay in Full” is a convenient option that enables you to make a local or foreign remittance without the deduction of any correspondent bank or beneficiary bank charges from the remittance amount. Whenever you want the beneficiary to receive full amount of your remittance (e.g. Insurance premium, School fees, settlement of invoice) without any deductions, simply select “Pay in Full” option while entering remittance details, and you can rest assured that your beneficiary will receive the full remittance amount. Irrespective of the currency or destination of the remittance, the service is available at a nominal charge which is in addition to applicable remittance tariff, which would be charged to your account at the time you submit the remittance instructions through nbadOnline.

Our comprehensive range of services is complemented with VMT(Visa Money Transfer), Visa Traveller’s cheques and Cash Passport offering you a convenient and secure means of carrying cash while travelling abroad.