Local wire transfer in AED (UAE)

SWIFT wire transfer in AED is a bank transfer through the SWIFT system to banks in the United Arab Emirates.

Supported currencies 

United Arab Emirates Dirham (AED)

Please note that if the currency of your balance in Smartcat is different from AED, the funds will be converted to AED at the Smartcat exchange rate on the day of the payment.


13 AED

You can view a list of companies that are reimbursing your commission in the My Payouts  (click on the More Details button on your payout method).

Minimum payout amounts

150 AED

Smartcat allows setting the minimum amount, starting from which the payment will be sent to you. You can learn more in the article "Minimum payout amount".

Required details





Beneficiary type

Individual or company beneficiary

Beneficiary first name

Name of the individual beneficiary

Beneficiary last name

Last name of the individual beneficiary

Birth date

Beneficiary's birth date

Beneficiary company name

Beneficiary's company legal name

Recipient’s IBAN

The beneficiary's international bank account number, up to 34 characters long (including numbers and letters)


8-11-digit code identifying the country, city, bank and bank branch of the beneficiary

Recipient’s country

Beneficiary's country

Recipient's city of residence

City or town from the beneficiary's address

Recipient's address

Beneficiary's address, including building number or name

Recipient's postal code

Beneficiary's postal code


Funds are received immediately in the local currency. You do not spend money on additional conversions and can immediately use the money in your country.

Frequently Asked Questions

Q: I chose this method, but the payment was rejected. Why?

A: Act as follows:

  • Make sure you provide payment details for an international SWIFT wire transfer (not a local wire transfer)
  • Make sure that the postal code, city, street and house number are specified in the corresponding fields of the details. Make sure that you do not enter a PO box or email address instead of your residential address
  • Check if the specified details (IBAN, SWIFT) are correct
  • Make sure that the name of the account holder is entered in the details exactly as it is in the bank details, including all spaces and symbols

Q: I cannot find the payment. What does the payment look like on the bank statement?

A: The purpose of the payment indicates the payment ID in the format PO-XXXXXX-XXXXX, which you can find in the Payout History section.

SMARTCAT EUROPE B.V. or THE CURRENCY CLOUD LIMITED appears as the sender, depending on the beneficiary's bank.

Q: For which countries is this method available?

A: The method is available exclusively for receiving funds to a bank account in the United Arab Emirates.

Q: I received a payout from Smartcat. I need to invoice for this payment. What details should be used for issuing such invoices?
A: When receiving funds by local bank transfer in AED, you need to enter the following Smartcat details in your account:

Full name: Smartcat Europe BV
Legal address: Strawinskylaan 613, 1077 XX Amsterdam, the Netherlands
VAT no.: NL859832880B01.

If you have any questions, please contact our support team, we'll be happy to help.

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