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RAKMoneyTransfer brings convenient, faster and cheaper way to send EUROs to European Accounts
Key features
- Lowest fee with best rates in Market
- Same day Account credit throughout 24 countries in Europe*
- Receiver gets full amount – No deduction or hidden charges
- Service available 24X7X365 on your RAKBANK Account
Euro Transfers available for the below Countries
| EURO - Account Credit Countries | ||||
|---|---|---|---|---|
| Austria | Denmark | Hungary | Norway | Slovenia |
| Belgium | Finland | Ireland | Poland | Spain |
| Bulgaria | France | Italy | Portugal | Sweden |
| Croatia | Germany | Luxembourg | Romania | Switzerland |
| Cyprus | Greece | Netherlands | Slovakia | |
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Service Fees
| Service Fees (Lowest in the market) | |
|---|---|
| Amount (EUR) | Fee (AED) |
| Less than 1,999.99 | 25 |
| 2,000 to 24,999.99 | 35 |
| 25,000 to 49,999.99 | 55 |
| 50,000 to 99,999.99 | 100 |
| Above 100,000 | 120 |
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Disclaimer: In line with the UAE’s Value Added Tax (VAT) implementation from 1st January 2018, VAT at the rate of 5% will be levied on RAKBANK’s fees and charges specified herein, wherever applicable and as per UAE law.
Processing Timings: (UAE Time)
*Transfers initiated from Monday to Friday before 2:30pm will be credited on the same day, post which it will be credited on next working day.
Conditions apply
- This service/offer is available for retail individual customers through RAKBANK Digital Banking using your Mobile, PC & Tablet and through RAKBANK Branches
- Any transfer under this offer will be subject to RAKBANK’s Terms and Conditions governing Electronic Funds Transfer
- RAKvalue & Evantage benefits are not applicable to RAKMoneyTransfer