LIV International Money Transfer

LIV International Money Transfer

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.NoNationsOne-Time Limit and Monthly Limit
1IndiaAED 40,000
2USAAED 100,000
3South AfricaAED 50,000
4ThailandAED 40,000
5PortugalAED 100,000
6SwitzerlandAED 100,000
7OmanAED 100,000
8SwedenAED 100,000
9SpainAED 100,000
10NorwayAED 100,000
11SlovakiaAED 50,000
12SingaporeAED 100,000
13SloveniaAED 50,000
14Hong KongAED 75,000
15Saudi ArabiaAED 100,000
16New ZealandAED 100,000
17IrelandAED 100,000
18MaltaAED 50,000
19KuwaitAED 100,000
20JapanAED 100,000
21GreeceAED 75,000
22NetherlandsAED 100,000
23LuxemburgAED 100,000
24AustriaAED 100,000
25JordanAED 50,000
26GreeceAED 100,000
27MoroccoAED 40,000
28ItalyAED 100,000
29EqyptAED 40,000
30GermanyAED 100,000
31CanadaAED 100,000
32FinlandAED 100,000
33BangladeshAED 20,000
34AustraliaAED 100,000
35PakistanAED 10,000
36PhilippinesAED 34,950
37Sri LankaAED 20,220
38DenmarkAED 100,000
39BahrainAED 100,000
40FranceAED 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.NoCountriesOutward Remittance Transfer Fees
1India, the Philippines, Sri Lanka, and PakistanAED 9.90 + Value-Added Tax
2The United KingdomAED 10+ Value-Added Tax
3Rest 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

Q1. Can I do an international transfer with Liv?

Ans. Yes. Liv customers can send money overseas through the mobile banking app of this NBD subsidiary.

Q2. How long does it take for Liv to transfer internationally?

Ans. Liv takes around 1-5 days for a successful transfer and decline of an overseas funds transaction.

Q3. How much does Emirates NBD Liv charge for international transfers?

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.

About Ankita Singh

Leave a Comment

10 Best Banks in the USA for International Students Open an International Bank Account Online in 7 Steps 3 Best Student Bank Accounts to Open when Studying Abroad ICICI Bank Education Loan to Study Abroad Baroda Yoddha Education Loan to Study Abroad Top 5 Benefits of SBI Zero Balance Account for Students Eligibility Criteria for Aditya Birla Capital Education Loan to Study Abroad Auxilo Education Loan for Army Brats: Loan Details and Interest Rates Steps Involved In Canara Bank Education Loan Processing Time IBDI Education Loan Documents Required Checklist
×

Send Money Abroad in <15 mins

×

Request a callback

×

Get an education loan at the lowest interest rate

×

Thank you! Your call request has been submitted

Our team will connect with your shortly

aero Want to transfer money abroad at the cheapest rates?