RAKBank stands out among UAE banks for RAKMoneyTransfer (RMT) — a dedicated remittance service inside its app that sends to a set of high-volume corridors, often faster and cheaper than an ordinary SWIFT wire. That makes RAKBank more competitive on remittances than most banks, but it still pays to compare. Here's how a RAKBank international transfer works and where it stands against exchange houses and apps.
RAKMoneyTransfer vs a standard SWIFT wire
RAKBank gives you two ways to send abroad, and the difference matters:
- RAKMoneyTransfer (RMT) connects RAKBank to a partner payout network (Xpress Money) in specific corridors — India, Pakistan, the Philippines, Nepal, Sri Lanka and Bangladesh, plus a range of European countries — so money often lands fast, to a bank account or cash pickup, at a lower cost. Confirm the current corridor list and fee in the app.
- A standard international (SWIFT) transfer goes anywhere RMT doesn't, at ordinary bank speed and cost.
How to send, fees, timing and the weekend
- In the RAKBank Digital app, open Transfers and choose RAKMoneyTransfer (for a supported corridor) or International transfer.
- Add the beneficiary: full name, account number or IBAN, and the receiving bank's local code or SWIFT/BIC (IFSC for India, and so on).
- Review the rate and fee, confirm, and keep the reference. RMT to a supported corridor is often same-day or faster; a standard SWIFT wire takes one to three working days.
Cut-offs and the UAE's Saturday–Sunday weekend apply to standard wires — send Friday afternoon and it may not move until Monday. Fees vary and change, so check the app; and remember the exchange-rate margin sits on top:
Receiving into a RAKBank account from abroad? The sender needs RAKBank's SWIFT code, NRAKAEAK.
RAK money transfer to Pakistan
Pakistan is one of RAKMoneyTransfer's supported corridors, routed through the Xpress Money payout network — so a RAK money transfer to Pakistan can land as a bank deposit or cash pickup, typically faster than a standard SWIFT wire to a Pakistani bank. Confirm the current fee and any daily cut-off for this corridor in the RAKBank Digital app before you send, since RMT's pricing by corridor isn't published outside the app and changes.
As with any corridor, RMT's convenience doesn't automatically mean it's the cheapest way to send — compare against the AED to PKR rate from exchange houses and apps, and see our Pakistan transfer guide for the fuller picture on sending to Pakistan from the UAE generally.
RAKBank vs an exchange house or app
RMT makes RAKBank genuinely competitive for supported corridors — but exchange houses like Al Ansari and LuLu, and apps like Wise, still sometimes deliver more, and they don't require a RAKBank account.
Settle it on the amount received in our live tool, or a route page like AED to INR. Moving money between UAE banks? See the bank-to-bank transfer guide. For the full picture, see the complete guide to international transfers from the UAE; moving a large amount? See transferring large sums from the UAE.