Who knows really? The update might be related to ADGM itself and Ebury may not be affected because they were granted DIFC license few weeks back.
I don't know which bank you use but I have a bank account in the biggest 3 banks of UAE. I sent a USD transfer to the USA 2 weeks ago it took 4 days to reach. I had to deal with the super bad UI of the bank and the outdated mobile app. UAE banks are famous with their bad service.
I think it depends on the bank. From ADCB to UK (international SWIFT) it reaches in few hours if submitted before 3pm. I have never had to wait more than 24 hours for the transfer to reach the recipient from ADCB at least. Also TW failed in my case, I thought I could easily send money to US, but it was not possible. The instructions I got from recipient (AMEX USD banking details in US) were not accepted by TW system, I even emailed TW about it and they said it is not possible to send money to US using details provided. No such issues with ADCB or Moneycorp.
You can transfer money to the UK in seconds with TW. I can't say anything for USD because I don't use USD currency too much but as far as I know, they now support all USD account.
. It took 4 days: I mean no atm withdrawal, no card usage, no bank transfer, no online banking. People went crazy. Can you imagine a bank culture this? Btw ENBD is the biggest and "best" bank in Dubai.Aiwallex onboarding for UAE is not easy, they insisted on seeing a public registry and this obviously was not possible
SWIFT transfer doesn't take much time now. I use Payoneer for my USD SWIFT transfers and generally only takes 1-2 hour to reach.
Do you mean SEPA Instant? SEPA supported all over Europe.
Yes, SEPA Instant is not supported by most EU banks. That means standard SEPA transfer will reach the recipient only next day, slower than ADCB. If I would send SEPA transfer today from another EU bank to SQ Lux it would arrive on the 4th Jan.
Sure, SEPA instant does not have 100% coverage but already supported by many big banks: Participants
My TW SEPA transfers always reach the same day to a foreign country.
Nope, Payoneer transfers are SWIFT transfers and originated from the USA(no local bank transfer). Check my latest USD SWIFT transfer, it took about 40 minutes to reach Europe. Swift transfers are much faster than before in everywhere compared 1-2 years ago.
Yes I know I can send SEPA in countries where base currency is not EUR, what I am saying is that I never saw same day SEPA credit in such countries. I often send SEPA transfers between normal banks in Cyprus / Malta / Poland / Luxembourg / Italy / Netherlands and it is never same day even if submitted at 10am. Bank of Cyprus for instance shows you always the date on which recipient will get the payment and for SEPA they always show next day. Bank of Valletta SEPA transfers are always reaching next working day, never the same day (even between Malta banks...). In many EU countries not a single bank support instant SEPA yet, while the normal regular SEPA is always +1.
ADCB, ENBD, Mashreq(probably most of the local banks) have branches/intermediary banks in the UK because of lots of Emiratis in the UK. They're probably routing GBP transfers via their UK branch but still slower than TransferWise because GBP transfers are instant with TW.
The transfer was in EUR. ENBD does have a presence in London, ADCB doesn't. The transfer went to Barclays bank. But apparently this same day feature is listed on ADCB website under money transfers:
