Liv Bank, a subsidiary of the National Bank of Dubai (NBD), United Arab Emirates (UAE), is licensed by the Central Bank of the UAE. This Emirates NBD-owned brand offers overseas funds transfer services like its parent organization. Any Liv international money transfer can be initiated through the mobile banking app of Liv Bank. This digitally powered financial institution provides flexible, easy, and convenient international banking options for residents and non-residents of the UAE. International transfers via the mobile banking app of this bank are instant and are available in an array of countries.
How to Make Liv International Money Transfer?
Liv Bank customers are advised to follow the below-mentioned instructions to complete the Live international money transfer:
- Go to the mobile banking app of Liv Bank
- Log in to your account using your User ID and password
- Select the “Wallet” option from the bottom menu and check your bank balance
- Again tap on “Wallet” and select the “Pay” option which pops up on the screen
- Select “Bank Transfer”
- Fill out the details of the beneficiary
- Enter the amount to be sent
- Click on “Continue” to send the money.
Also Read: Canara Bank International Transfer
Transaction Limit
Liv Bank has prescribed a per transaction limit and a monthly limit on each overseas funds transfer. The table below shows the transaction limit for all countries to which a Liv Bank international money transfer can be made. The one-time limit and monthly limit for all the below-mentioned countries are the same.
| S.No | Nations | One-Time Limit and Monthly Limit |
| 1 | India | AED 40,000 |
| 2 | USA | AED 100,000 |
| 3 | South Africa | AED 50,000 |
| 4 | Thailand | AED 40,000 |
| 5 | Portugal | AED 100,000 |
| 6 | Switzerland | AED 100,000 |
| 7 | Oman | AED 100,000 |
| 8 | Sweden | AED 100,000 |
| 9 | Spain | AED 100,000 |
| 10 | Norway | AED 100,000 |
| 11 | Slovakia | AED 50,000 |
| 12 | Singapore | AED 100,000 |
| 13 | Slovenia | AED 50,000 |
| 14 | Hong Kong | AED 75,000 |
| 15 | Saudi Arabia | AED 100,000 |
| 16 | New Zealand | AED 100,000 |
| 17 | Ireland | AED 100,000 |
| 18 | Malta | AED 50,000 |
| 19 | Kuwait | AED 100,000 |
| 20 | Japan | AED 100,000 |
| 21 | Greece | AED 75,000 |
| 22 | Netherlands | AED 100,000 |
| 23 | Luxemburg | AED 100,000 |
| 24 | Austria | AED 100,000 |
| 25 | Jordan | AED 50,000 |
| 26 | Greece | AED 100,000 |
| 27 | Morocco | AED 40,000 |
| 28 | Italy | AED 100,000 |
| 29 | Eqypt | AED 40,000 |
| 30 | Germany | AED 100,000 |
| 31 | Canada | AED 100,000 |
| 32 | Finland | AED 100,000 |
| 33 | Bangladesh | AED 20,000 |
| 34 | Australia | AED 100,000 |
| 35 | Pakistan | AED 10,000 |
| 36 | Philippines | AED 34,950 |
| 37 | Sri Lanka | AED 20,220 |
| 38 | Denmark | AED 100,000 |
| 39 | Bahrain | AED 100,000 |
| 40 | France | AED 100,00 |
Processing Time
All overseas money transfers from Liv Bank are processed instantly. The Liv Bank app is designed to process transactions to all countries within 60 seconds.
Also Read: Axis Bank International Transfer
Delivery Time
Liv Bank usually takes up to 5 business days to deliver the transferred amount to the recipient in any other country. Beneficiaries receive bank transfers on all weekdays except Fridays, Saturdays, Sundays, and bank holidays.
Transfer Fees
Each Liv international money transfer has different charges attached to it. Given below are the transfer fees levied by the Emirates NBD-affiliated bank on overseas funds transactions:
| S.No | Countries | Outward Remittance Transfer Fees |
| 1 | India, the Philippines, Sri Lanka, and Pakistan | AED 9.90 + Value-Added Tax |
| 2 | The United Kingdom | AED 10+ Value-Added Tax |
| 3 | Rest of the Countries (As mentioned in the Transaction Limit table) | AED 20 + Value-Added Tax |
Exchange Rate
The exchange rate is in coherence with the fluctuations in the forex market. This NBD subsidiary charges a certain amount on transactions being made in currencies other than AED. As the exchange rate charges are dynamic, senders are advised to check the exchange rate on the Liv Bank Mobile Banking App before making any Liv international money transfer.
Also Read: Understanding TCS on Foreign Exchange and Remittance
FAQs
Ans. Yes. Liv customers can send money overseas through the mobile banking app of this NBD subsidiary.
Ans. Liv takes around 1-5 days for a successful transfer and decline of an overseas funds transaction.
Ans. Emirates NBD Liv charges AED 9.9+VAT; AED 10+VAT; and AED 20+VAT on outward remittances to India, Pakistan, the Philippines, and Sri Lanka; the UK; and the rest of the countries, respectively.
To gather information about all types of international money transfers, stay tuned to Fly Finance and Leverage Edu. To avail of our outward remittance services feel free to contact our Forex team at 1800 572 126.
