Disclosure Statement

  • Products and services offered through all our channels (branch, digital, and other platforms) are subject to service charges and conversion rates, if applicable.
  • Service charges are based on the product/service and the value of the transaction.
  • Details regarding service charges are available on our website.
  • Charges may vary depending on the type of product or service and the transaction amount.
  • Correspondent and/or intermediary charges may apply to certain countries and will be deducted at the receiving end.
  • Unclaimed funds will be refunded as per the guidelines of the regulatory authorities.
  • Any amendments or re-issuance of a remittance transaction requested by the customer will be subject to our regular charges and any applicable rate differences.
  • Upon signing the transaction receipt, the customer confirms and acknowledges the correctness, authenticity, and legality of all transaction details and will be held responsible for the same.
  • Refunds for cancelled drafts, transfers, or any other remittance transaction returned unpaid will be made at the prevailing market buying rate or transaction rate (whichever is lower), excluding sending charges, deductions from the beneficiary bank, cancellation fees, and any additional expenses incurred.
  • Desert Exchange will inform customers about the estimated time of transfer prior to performing the remittance transaction. However, the actual time of delivery may vary due to reasons beyond our control.
  • Desert Exchange reserves the right to use services of intermediary banks and financial institutions in any country of its choice for executing transfers.
  • Desert Exchange will not disclose customer information to any third party unless required by applicable laws or regulations, both within and outside the region.
  • We will only communicate with customers through official channels. Customers should never share passwords, login credentials, OTP, or any sensitive information with third parties, as this may lead to fraud.
  • By agreeing to these terms and conditions, the customer agrees not to use Desert Exchange services for any prohibited or illegal purposes.
  • Desert Exchange reserves the right to amend its terms and conditions in accordance with applicable laws or internal policies, with a prior notice period of sixty (60) days. Any changes will be communicated to customers through our website and branch disclosures.
  • For further inquiries or additional details regarding the terms and conditions of our products and services, please contact us: