Why You Should Choose Remittance Apps and Exchange Houses Over Banks

In today’s global economy, sending money from one country to another shouldn’t feel like a losing game. Have you ever looked at the final amount your recipient received and wondered where the rest went? Don’t worry, you aren’t alone.

In Kuwait, where a massive expat community fuels a high demand for remittances, the difference between a “good” rate and a “great” rate can save you hundreds of Dinars annually.

In this guide, we’ll explore the Best Way To Send Money Internationally and why modern Online Money Transfer apps and exchange houses are leaving traditional banks in the dust.

Why Digital Apps & Exchange Houses Win in 2026

For decades, money transfer from Kuwait meant walking into a local bank branch. But now, banks have become the most expensive way to move money. 

Here is why expats are now switching to specialised remittance services:

1. You Get More Money for Your Exchange

Banks rarely give you the “mid-market rate,” the one you see on Google or the news. Instead, they apply a markup (a hidden fee). Remittance apps like LuLu Money and exchange houses like LuLu Exchange operate on much thinner margins, offering rates closer to the real market value.

2. Fast Transfers You Can Track

Traditional bank transfers can take 3 to 5 business days, and you often will be worried about where your money is. Modern Online Money Transfer platforms like LuLu Money provide minute-by-minute tracking and can often deliver funds to a mobile wallet or bank account instantly.

3. We Put You First, Not the Paperwork

Banks handle everything from loans to mortgages, so sending money is not their main job for them. At LuLu Exchange branches, you are our main priority. We focus entirely on you, the sender.

• Our staff are experts who focus only on money transfers. They make the process friendly and fast.
• Unlike the rigid, slow lines at a bank, our branches are designed for speed and a “customer-first” experience. Our workflow is optimised for speed, friendliness, and getting your transaction processed without unnecessary hurdles.

Tips to Save More Money

To ensure you aren’t losing money to avoidable fees or poor timing, follow these expert tips:

• Check Rates on the App Daily: As you know, exchange rates keep changing regularly. Check the LuLu Money App regularly to find the strongest time for the Dinar.
• Send Larger Amounts Less Often: Most services charge a small fixed fee per transaction. Instead of sending four small amounts a month, send one large amount. You will save on fees and often get a better “bulk” exchange rate.
• Avoid “Weekend” Transfers: Global markets close on weekends. Some providers give worse rates on Fridays and Saturdays to protect themselves from Monday’s volatility. Try to send your money during the middle of the week for the most stable rates.
• Set a Rate Alert: Don’t waste time staring at the screen. Set a rate alert in your app so that you will get notified the moment the rate hits your target.
• Watch for Seasonal Offers: During major festivals or holidays, remittance services often run special promotions with reduced fees or “better rates.” Timing your transfer with these can save you a lot.

Why Choose LuLu Money and LuLu Exchange?

LuLu Money and LuLu Exchange give you the best of both worlds, something a bank cannot offer.

• Your Choice, Your Way: Use the LuLu Money app to send money 24/7 from the comfort of your home. Or, if you prefer talking to a person, visit a LuLu Exchange branch.
• Expert Knowledge: Our teams know exactly what documents you need for remittance to different countries. This prevents your money from getting stuck.
• Trust & Convenience: You get the speed of an app with the security of a physical shop you can walk into if you ever have a question.

Final Thoughts: Take Control of Your Remittances

The difference between a bad exchange rate and a great one might seem small on a single transfer, but over a year, those “hidden fees” can add up to hundreds of Kuwaiti Dinars. By using the LuLu Money app or visiting a LuLu Exchange branch, you get a faster, cheaper, and more personal service. Hence, more money for your family back home.

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