Warning
- Additional fees may be levied by the correspondent bank/financial institution or entity providing financial services to the beneficiary of remittances
- Penalties and fees may be applied if there is a customer error or omission in providing correct or incomplete information for remittances
- This product/service may be affected by changes in foreign currency exchange rates
- The actual time to complete a transaction may differ from estimates due to increased scrutiny of transactions by the correspondent bank/financial institution or entity providing financial services to the beneficiary of remittances
How to transfer money in a few clicks
Whether it’s a one-time transfer or a recurring transfer, you can set it up easily and conveniently on FAB Mobile, in just a few steps. Let’s show you how.
Instant transfers. Immediate smiles.
It doesn’t have to take hours to spread happiness to your loved ones. With FAB Mobile, your family back home can receive the money just as soon as you send it. You can transfer money either directly to a bank account, or to a mobile wallet.
Currently, instant transfers are available to India, Pakistan, Philippines, Sri Lanka, UK and EU.
Key Benefits
Instant Transfers - Account to Account
UAE (Local Transfers)
Transfer up to AED 100,000 within the UAE from your FAB Bank account:
- Transfers of up to AED 25,000 will be processed instantly.
- Transfers above AED 25,000 will be subject to the following cut off times:
Requests submitted before 4 p.m. on a working day will be processed the same day.
Any requests submitted after 4 p.m, or on a bank holiday, will be processed on the next working day
Eurozone Countries
Transfer up to € 21,000 per transaction within 60 minutes to any of the 23 countries* in the Eurozone from your FAB account:
- The arrival of funds into the recipient‘s account is dependent on the handling process at the receiving service provider/bank
- Beneficiary bank must be a participant in the SEPA (Single Euro Payments Area) Instant Credit Transfer Scheme to receive the funds instantly
- Beneficiary bank account must be in Euro currency
- Transfer fee of AED 100 per transaction is applicable with no other correspondent bank charges
- Daily transfer limit is AED 100,000
- Monthly transfer limit is AED 450,000. Transfers above this limit within 30 days will not be processed. Please use the ‘SWIFT Transfer’ option for transferring amounts above this limit
* Countries in the Eurozone enabled for Instant Transfers: | ||||
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Andorra | Greece | Netherlands | ||
Austria | Ireland | Portugal | ||
Belgium | Italy | San Marino | ||
Cyprus | Latvia | Spain | ||
Estonia | Lithuania | Slovak Republic | ||
France | Luxembourg | Slovenia | ||
Finland | Malta | Vatican City | ||
Germany | Monaco |
United Kingdom
Transfer up to GBP 18,000 per transaction within 60 minutes to any bank account in the United Kingdom from your FAB account:
- The arrival of funds into the recipient‘s account is dependent on the handling process at the receiving service provider/bank
- Beneficiary bank must be a participant in the UK Faster Payments Scheme to receive the funds instantly
- Beneficiary bank account must be in GBP currency
- Transfer fee of AED 100 per transaction is applicable with no other correspondent bank charges
- Daily transfer limit is AED 100,000
- Monthly transfer limit is AED 450,000. Transfers above this limit within 30 days will not be processed. Please use the ‘SWIFT Transfer’ option for transferring amounts above this limit
India
Transfer up to INR 1,500,000 per transaction within 60 minutes from your FAB Bank account:
- The arrival of funds into the recipient‘s account is dependent on the handling process at receiving service provider/bank
- Beneficiary bank account must be in INR currency
- Zero transfer fees
- Reserve Bank of India, IMPS and NEFT timings and limits apply
- Daily transfer limit is AED100,000
- Monthly transfer limit is AED 450,000. Transfers above this limit within 30 days will not be processed. Please use the ‘SWIFT Transfer’ option for transferring amounts above this limit
Pakistan
Transfer up to PKR 1,500,000 per transaction within 60 minutes from your FAB Bank account:
- The arrival of funds into the recipient‘s account is dependent on the handling process at receiving service provider/bank
- Please ensure that the beneficiary name you enter matches the name in their bank records to avoid any rejection and/or delays
- Zero transfer fees
- Beneficiary bank account must be in PKR currency
- Daily transfer limit is AED100,000
- Monthly transfer limit to a single recipient is PKR 1,500,000. Transfers above this limit within 30 days will not be processed. Please use the ‘SWIFT Transfer’ option for transferring amounts above this limit
Philippines
Transfer up to PHP 500,000 per transaction within 60 minutes from your FAB Bank account:
- The arrival of funds into the recipient‘s account is dependent on the handling process at receiving service provider/bank
- Zero transfer fees
- Beneficiary bank account must be in PHP currency
- Daily transfer limit is AED100,000
- While the transfers to the beneficiary bank will be within 60 minutes, the actual credit of the funds into the beneficiary account will only be during the working hours of the beneficiary bank
- Monthly transfer limit is AED 450,000. Transfers above this limit within 30 days will not be processed. Please use the ‘SWIFT Transfer’ option for transferring amounts above this limit
Sri Lanka
Transfer up to LKR 4,250,000 per transaction within 60 minutes from your FAB Bank account:
- The arrival of funds into the recipient‘s account is dependent on the handling process at receiving service provider/bank
- Zero transfer fees
- Beneficiary bank account must be in LKR currency
- Daily transfer limit is AED100,000
- Monthly transfer limit is AED 450,000. Transfers above this limit within 30 days will not be processed. Please use the ‘SWIFT Transfer’ option for transferring amounts above this limit
Other Countries
- Transfer to other countries is enabled through SWIFT
- Processing time will be as per SWIFT cut-off timings and generally within 1-2 working days
Important notes for Transfers to Accounts:
- While the indicative transfer time of funds to your beneficiary country is listed above, do note that international fund transfers are subject to statutory risk checks and it is possible for a transfer to take longer than indicated. International remittances are powered by SWIFT and Mastercard
- Correspondent Bank Charges: SWIFT Transactions to the above-mentioned countries and "Other Countries" may incur a correspondent banking fee
- All instant remittances is enabled for person to person transfers only. Any transfers to corporate entity may be rejected. Please use Swift Transfers for corporate transfers & payments
Transfers to Mobile Wallet
Pakistan mobile wallet
Digital Wallet Name: Jazz Cash
- Transfer up to PKR 400,000 per transaction within 60 seconds from your FAB Bank account
- Daily transfer limit is AED100,000
- Monthly transfer limit to a single recipient is PKR 1,500,000. Transfers above this limit within 30 days to the same recipient will not be processed
- Total monthly limit for transfer to wallet is AED 450,000. Transfers above this limit within 30 days will not be processed
Philippines mobile wallet
Digital Wallet Name: GCash
- Transfer up to PHP 50,000 per transaction within 60 seconds from your FAB Bank account
- Daily transfer limit is AED 100,000
- Monthly transfer limit to a single recipient is PHP 500,000. Transfers above this limit within 30 days to the same recipient will not be processed
- Total monthly limit for transfer to wallet is AED 450,000. Transfers above this limit within 30 days will not be processed
Srilanka mobile wallet
Digital Wallet Name: eZ Cash
- Transfer up to LKR 25,000 per transaction within 60 seconds from your FAB Bank account
- Daily transfer limit is AED100,000
- Monthly transfer limit to a single recipient is AED 90,000. Transfers above this limit within 30 days to the same recipient will not be processed
- Total monthly limit for transfer to wallet is AED 450,000. Transfers above this limit within 30 days will not be processed
The provision of this service is subject to the terms and conditions set out in First Abu Dhabi Bank PJSC - General Terms and Conditions for Accounts.
Open an account instantly on the FAB Mobile app
FAB Mobile puts the power of the bank in your hands
- Get your FAB account and credit cards instantly. Zero paperwork
- Open an account and get a credit card, with just your Emirates ID
- Use your FAB Rewards to pay your bills anytime, anywhere
- Check your balance, send money and earn rewards in a few taps
Get in touch
Need more help?
Contact us anytime for further assistance or check out our FAQ page for more information.
For customers within the UAE | For customers outside of the UAE | ||
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600 52 5500 | +971 2 681 1511 |