Dubai – Mubasher: Emirates NBD announced launching DirectRemit services to the UK, which would enable clients to transfer money at competitive exchange rates and without paying fees.
The DirectRemit services will enable the UK citizens who live in the UAE to make timely payments for insurance plans, investments, and mortgages, Emirates NBD said in a statement.
The largest bank in the UAE further noted that its remittance services would also enable British pound transfers to accounts in Lloyds Bank in less than one minute through Emirates NBD Online Banking.
“We are glad to extend this instant and free money transfer service to the UK, an important remittance corridor for a wide cross-section of our customers in the UAE, providing added convenience to their daily banking,” senior executive vice president and group head – Retail Banking and Wealth Management, Emirates NBD Suvo Sarkar stated.
Emirates NBD launched the DirectRemit service to India in 2014. It currently provides this service to clients in Egypt, Pakistan, Philippines, and Sri Lanka.