What types of beneficiaries can I transfer AED to?
You can send AED payments to individual and business accounts in the United Arab Emirates.
Payment Types
AED transfers are sent via local transfer.
Name Checks
Name verification is required for AED transfers.
Is there a limit on the amount I can send?
Transfer Limit: AED 10,000,000 per transfer
How long does it take for the funds to reach the beneficiary?
Cut-off Times: 9:50 AM LDN time (London Time)
Delivery Estimate: Typically within the same day after currency conversion is completed
Notes:
Currency conversion can take up to 2 business days from the time your transfer is approved.
No payouts are processed during weekends or the United Arab Emirates public holidays.
Transfers submitted after the cut-off times will be processed at the next available window.
What will the sender's name be reflected as?
Your business name will be displayed as the sender on the recipient's bank statement.
What information should I include when sending AED transfers?
Recipient and Transfer Details:
When initiating the transfer in the Aspire app, Admin and Finance Users will be asked to provide:
Full recipient name:
Up to 35 characters
Latin characters only (a-z)
IBAN: 23 digits
Reference: Up to 35 characters
Transfer purpose: Required
Traces and Recalls
Traces: Trace requests are supported. You will need to provide the recipient's bank statement to initiate a trace request.
Recalls: Recall requests are supported only for fraud-related cases.
To request a trace or recall, contact Aspire Support Team via the Aspire app.
Bounceback
If your transfer is rejected by the recipient's bank, the funds will be returned to your Aspire account. The timeline varies depending on the recipient's bank processing time.
Questions? Chat with us by clicking on the messenger icon at the bottom right of the screen once you are logged in.