Sending money to English bank account

[sarahlou84]

Hello,

I'd like some advice on the best and cheapest way of sending my wages back to England.

I would like to send my whole salary to my English bank account each month to pay off my credit cards. (my husband and I will be living off his wage). It will be around 10,000 dhs per month.

I have been told not to do it via a bank here as they charge huge fees so please can someone kindly advise the best option for me.

Thank you in advance.

[sarahlou84]

Please can anyone help?

I have a HSBC bank account now.

Does anyone know how much they charge for sending money back to the UK (non-HSBC account) I have spent hours looking on the internet but I can't find anything!

Alternetively, do I use an exchange place? How do I do it?

[Haz53]

Hi,
Few days ago Al Ansari Exchange told me they charge about 55 Dhs for transferring money to British bank account and the 'mediator' bank will charge about 20 to 25 pounds. It takes about 3 to 4 working days. However, I was inquiring about transferring smaller amounts (2000-3000 Dhs).

Other expert may have better suggestions but worth asking and finding out more from them, I think.

[wazza2222]

Originally Posted by sarahlou84

Please can anyone help?

I have a HSBC bank account now.

Does anyone know how much they charge for sending money back to the UK (non-HSBC account) I have spent hours looking on the internet but I can't find anything!

Alternetively, do I use an exchange place? How do I do it?

They told me they charge US $7 to send to an HSBC account and US$50 to a non-HSBC account

[Felixtoo2]

Do not believe the HSBC. I used to send money back with them each month, they charged me 100dhs and gave me a crap exchange rate. The best that I`ve found is the Al Rostamani Exchange in Mall of the Emirates.
I sent 9500dhs back today for which I got 1625 quid and they only charge 45dhs fee.

[wazza2222]

Originally Posted by Felixtoo2

Do not believe the HSBC. I used to send money back with them each month, they charged me 100dhs and gave me a crap exchange rate. The best that I`ve found is the Al Rostamani Exchange in Mall of the Emirates.
I sent 9500dhs back today for which I got 1625 quid and they only charge 45dhs fee.

Did they gouge you on the exchange rate too or did they give you the true rate?

[Felixtoo2]

HSBC didn`t give me the most competitive rate but it was my own fault for being lazy and trusting them.

[sarahlou84]

Originally Posted by Felixtoo2

Do not believe the HSBC. I used to send money back with them each month, they charged me 100dhs and gave me a crap exchange rate. The best that I`ve found is the Al Rostamani Exchange in Mall of the Emirates.
I sent 9500dhs back today for which I got 1625 quid and they only charge 45dhs fee.

That seems like a pretty reasonable exchange rate. How do you do it? Do you pay with your debit card? And what details do they need for your UK account?

[Felixtoo2]

I set up an account with them in the branch and they gave me an ID card (I think i used my passport as ID to set it up). Then each month I just take the cash out of the HSBC cash machine in MOE and go to the Rostamani exchange. Doin`t take the rate on their boards ask them for their best rate, they are as good as anyone and better than most.

[CVDS]

I actually have two email addresses- I have my American Paypal account tied to my account in the states- I have a paypal account tied to my account here in dubai- I paypal myself the money from my account here and then transfer it to my bank account from paypal- It takes about 3-5 days turn around but the cost all together is about 45 dirhams.

Thats the cheapest and easiest way I've found to do it and I never leave home