What it means
Money sent from one country to another, usually by an expatriate to family back home.
Banking
Remittance
Money sent from one country to another, usually by an expatriate to family back home.
CategoryBanking
Pro tip inside1 quick win
What “Remittance” really means
The meaning, how it works in the UAE, and why it matters to your money.
How it works in the UAE
A remittance is money sent from the UAE to another country, through a bank, exchange house or app. It's one of the most common money tasks for UAE expatriates.
Why it matters
Costs include a fee and an exchange-rate margin, which together decide how much arrives.
EXAMPLE
Sending AED 2,000 home through a bank or exchange house.
PRO TIPCompare the amount your family receives, not just the fee.
Test yourself
Which of these best describes Remittance? Tap an answer.
Read more about Remittance
Guides that use this term — and a tool to put it into practice.
