LuLu Exchange review

Branches everywhere, zero fees on the busiest routes

Last reviewed 11 July 2026

LuLu Exchange is licensed by the UAE Central Bank and is one of the names you see on nearly every UAE street corner — that branch density is a real part of its appeal — if a recipient wants cash or your sender wants a human counter, LuLu's usually close by.

Standard counter fees vary by amount and destination (plus VAT), with a modest rate margin over the mid-market rate. But the more relevant number for most GulfSend readers: LuLu Money, its app, offers zero transfer fees to a specific list of countries — India, Egypt, Bangladesh, Nepal, Pakistan, the Philippines and Sri Lanka. That covers most of the corridors this site compares.

The catch with zero-fee routes is the same as anywhere else: no fee doesn't mean no cost. The exchange rate still carries LuLu's margin, so it's worth checking the actual amount received rather than assuming 'free' beats a competitor with a small flat fee and a better rate.

Pros

Zero transfer fees via the LuLu Money app on 7 major corridors
Extensive branch network across the UAE for cash pickup or in-person sending
CBUAE-licensed, with a long operating track record and wide name recognition

Cons

Rate margin (not the fee) is where LuLu makes its money — worth comparing the final amount, not just the "zero fee" label
Reviews are mixed on service consistency and occasional delivery delays

Best for

People sending to one of the seven zero-fee corridors who want a trusted, widely available brand — especially if the recipient prefers cash pickup.

Compare with other providers

LuLu Exchange vs Al Ansari

Frequently asked questions

Does LuLu Exchange really charge zero fees?

For transfers to India, Egypt, Bangladesh, Nepal, Pakistan, the Philippines and Sri Lanka made through the LuLu Money app, yes — no transfer fee. Other corridors and the standard counter service still carry a fee that varies by amount and destination, plus VAT.

If there's no fee, how does LuLu make money on those transfers?

Through the exchange rate margin — LuLu's rate sits a percentage or so below the mid-market rate, which is where the real cost of a 'zero fee' transfer actually lives.

Can I pick up cash with LuLu Exchange?

Yes — LuLu has one of the largest branch networks in the UAE, making cash pickup straightforward in most cities.

Is LuLu Exchange licensed by the UAE Central Bank?

Yes, LuLu International Exchange is licensed by the UAE Central Bank to operate as an exchange and remittance business, and has been operating in the UAE for over 15 years.