Banking

Sending money home: how to cut remittance costs

The fee isn't the only cost. Here's how to spot the hidden margin and keep more of your money.

4 min read20 Sep 2026Beginner

Gulf Policy Souq Editorial TeamUpdated 20 Sep 2026 · UAE personal finance

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01Two costs, not one

You pay a transfer fee and an exchange rate margin — the gap between the market rate and the rate you're given. The margin is often the bigger cost.

Ask each provider how much your family will receive for the same amount in AED. That single number includes every cost.

Compare the amount received, not just the fee.KEY POINT

Fixed fees hurt small transfers most. Combining transfers can lower the cost per dirham.

Double-check the IBAN and SWIFT code. A wrong digit can delay a transfer or send it back with fees.

Try it yourself

Uncover the hidden exchange-rate margin in a transfer. Figures are examples — use your own numbers.

Key takeaways

The three points that matter most from this guide.

Compare the amount received, not just the fee.

Watch the FX margin.

Check IBAN and SWIFT details carefully.

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General information only, not financial advice. Rules and bank terms can change — always confirm with your provider.