Dear friends, i want to send some money (15 lac) from pakistan to uae, i dont have a foreign currency account, which is the safest and fastest method.my preference would be that money should be deposited to my bank account in uae.
Sheikh Shabrati replied on Tuesday, May 31, 2011 09:56 AM
Dear Adnan please open a foreign currancy account and then transfer your money.As it will be safe for you.Now a day it is very easy to open an foreign currancy account. |
adnan, uae replied on Tuesday, May 31, 2011 12:12 PM
@Shaikh Shabrati,
But they are charging too much, around 15$ for a transfer of 1000$, plus if you transfer immediately after opening the account, they will charge .29% of the total amount to be transferred as cash withholding charge. Is it normal in such transfers or western union costs less.pls suggest |
Sheikh Shabrati replied on Tuesday, May 31, 2011 12:35 PM
To be honest the only way i always transfered my money in and out of country was of my Foreign currency account,as it always provided me peace of mind rather then doing it by money exchange.I am not sure about how much western union will cost you.But i believe it will also be expensive.As some relative transfered money through Western Union and it costed alot.Try some money good money exchange as they are also in transfering.If you are in Lahore Dha try Bari Exchange or maybe the name is wrong,It is opposite Gourmet Bakery in Defence Housing Soeciety Lahore.
But keep in mind you will have to give some kind of transfer fees.I personaly did open a foriegn currency account in Global Emirates Bank which is now closed.I dont remember the exact transfer fee i had to pay but it was bearable and very safe.Best of luck. |
