Al Rajhi International Transfer: When sending money internationally, you need a service that is reliable, fast, and affordable. Al Rajhi Bank, one of the largest and most trusted banks in Saudi Arabia, offers Tahweel Al Rajhi, a specialized remittance service that makes international money transfers seamless and efficient.
Whether you want to send money to a bank account, receive cash through a correspondent bank, or even opt for doorstep delivery in select countries, Al Rajhi International Transfer provides multiple options to meet your needs. Let’s explore the details in the blog.
Table of contents
- What is Al Rajhi Bank?
- Al Rajhi International Money Transfer Options
- Benefits of AI Rajhi International Transfer
- Transfer Limits and Exchange Rates
- AI Rajhi International Transfer Fees
- AI Rajhi International Transfer Exchange Rates
- How to Do AI Rajhi International Transfer?
- How to Transfer Money Using Al Rajhi Bank ATMs?
- FAQs
What is Al Rajhi Bank?
Al Rajhi Bank is one of the largest Islamic banks in the world and is headquartered in Saudi Arabia. The bank offers a wide range of financial services, including personal banking, corporate banking, and investment services. One of its key offerings is Tahweel Al Rajhi, a remittance service designed specifically for expatriates who need to send money to their families and loved ones abroad.
Al Rajhi International Money Transfer Options
Al Rajhi Bank provides various ways to send money internationally, ensuring that customers can choose the most convenient method. Here are the options:
Door-to-Door Service: In selected countries, you can send money directly to the beneficiary’s home address for convenience.
Bank-to-Bank Transfer: Send money directly to a bank account in another country through Al Rajhi’s network of 110+ correspondent banks.
Cash Pickup (Cash Online): Send money to a recipient who does not have a bank account. The beneficiary can collect the cash from a designated correspondent bank.
Third-Party Bank Transfer: Transfer funds to another international bank using Al Rajhi’s correspondent banking network.
Benefits of AI Rajhi International Transfer
Money transfer abroad is a necessity for many individuals, businesses, and organizations. AI Rajhi International Transfer is one of the best options for those looking to transfer money abroad. This service has numerous benefits that make it an attractive option for international money transfers.
- Extremely secure: They employ the latest security technologies to ensure that your money is safe and secure. Furthermore, all transfers are monitored closely by the bank’s security team to make sure that the funds are delivered to their intended recipient. This ensures that your money is safe and secure during the entire transaction.
- Incredibly convenient: You can transfer money from your account to any other bank account in the world, or to an AL Rajhi account in any country. You can also transfer money from any other bank account to your AL Rajhi account. This makes international transfers incredibly simple and easy.
- Competitive rates for foreign exchange: This means that you can get the best rates for your money transfers. Additionally, you can track the status of your transfer with their online system, which allows you to know exactly when your money will arrive.
Transfer Limits and Exchange Rates
Al Rajhi offers high daily transfer limits to facilitate large transactions:
Fast Processing: Transfers are typically completed within 24 to 72 hours.
Bank Transfers: Up to SAR 500,000 per day via internet banking.
Cash Deposits: Up to SAR 200,000 at Al Rajhi ATMs.
Competitive Exchange Rates: Money is transferred using competitive rates, ensuring cost-effective international transactions.
AI Rajhi International Transfer Fees
When it comes to international transfers, AI Rajhi offers competitive transfer fees for both businesses and individuals. For businesses, AI Rajhi offers a flat fee of SAR 25 (INR 547) per transfer, no matter the amount sent. This fee can be waived for transfers of more than SAR 10,000 (INR 2.18 Lakhs), although this is subject to certain terms and conditions.
Fees for International Transfers
Al Rajhi Bank charges reasonable fees for international transactions. Here’s a breakdown of charges:
| Service | At Branch | Electronically (Internet, Phone, ATM) |
|---|---|---|
| Transfer to another Al Rajhi account | Free | Free |
| Setting up a standing order | 15 SAR | 10 SAR |
| Beneficiary identification for fund transfer | – | Free |
| Transfer to another bank within Saudi Arabia (same day) | 25 SAR | 7 SAR |
| Transfer to another bank within Saudi Arabia (next day) | 15 SAR | 5 SAR |
| International Transfer | 75 SAR | 50 SAR |
| Change/Cancel International Transfer | 25 SAR | 15 SAR |
Also Read: What is SWIFT Wire Transfer?
AI Rajhi International Transfer Exchange Rates
When transferring money internationally, exchange rates play an important role in determining how much money you will actually receive. The AL Rajhi Bank is one of the most well-known banks in the Middle East and offers competitive exchange rates for international transfers.
The AL Rajhi Bank offers a range of international transfer services that are designed to make international transfers easier and more affordable. The bank offers competitive exchange rates which can help you save money when transferring money abroad. AL Rajhi Bank also offers a range of other services such as money transfer, foreign exchange, and international payments.
The AL Rajhi Bank has a range of options when it comes to international transfers. The bank offers a variety of services such as wire transfers, international bank transfers, and remittances. Each of these services has different fees and exchange rates associated with them. It is important to compare the different fees and exchange rates to make sure that you are getting the best value for your money.
| Name of the Currency | Selling Rates | Buying Rates |
| IDR | N/A | N/A |
| JPY | 120.69 | 115.69 |
| SAR | 124.70 | 116.70 |
| AED | N/A | N/A |
| NPR | 8.0576 | 7.7576 |
| PHP | 4.2253 | 4.1353 |
| USD | 4.4875 | 4.3775 |
| AUD | 3.0020 | 2.9270 |
| GBP | 5.5505 | 5.4505 |
| EUR | 4.8908 | 4.7908 |
| SGD | 3.3517 | 3.2817 |
| HKD | 57.98 | 54.98 |
| IDR | 0.0319 | 0.0284 |
How to Do AI Rajhi International Transfer?
To do AI Rajhi International Transfers all you are required to do is to follow the simple steps given below;
- The first step to do AI Rajhi International Transfer is to open an account with the bank. You will need to fill out and submit an application form and provide some personal information, such as your name, address, and contact details. You will also need to provide proof of identification, such as a passport or national ID card. Once your account is opened, you can start transferring money abroad.
- The next step is to choose the country you are sending money. AI Rajhi allows you to send money to more than 200 countries, so you should be able to find the one you are looking for. Once you have selected the country, you can choose the type of transfer you want to do. You can choose from a bank transfer, online transfer, or cash transfer.
- Once you have selected the type of transfer, you will need to provide the necessary information. For a bank transfer, you will need to provide the recipient’s bank account details, such as their name, account number, and address. For an online transfer, you will need to provide the recipient’s email address, and for a cash transfer, you will need to provide the recipient’s full name, address, and contact details.
- Once you have provided all the required information, you can go ahead and initiate the transfer. AI Rajhi will take care of the rest, and the money should arrive in the recipient’s account within a few days.
Also Read: PHILIPPINE NATIONAL BANK INTERNATIONAL MONEY TRANSFER
How to Transfer Money Using Al Rajhi Bank ATMs?
Al Rajhi Bank makes it easy to send money through their ATMs using an E-Remittance card or payroll card. Follow these steps:
- Confirm the transaction.
- Insert your card into the ATM.
- Enter your PIN code.
- Select Transfer from the menu.
- Choose Express Remittance.
- Select the beneficiary you want to send money to.
- Choose the currency.
- Enter the amount you want to transfer.
- Select the purpose of the transfer.
FAQs
The fastest option is an Express Remittance through Al Rajhi ATMs or mobile app, which ensures quicker processing.
Transfers typically take between 24 to 72 hours, depending on the destination country and banking network.
You can transfer up to SAR 500,000 per day via internet banking.
Yes, you can use the Cash Online service, which allows beneficiaries to collect money from a correspondent bank.
Use an E-Remittance card or payroll card when transferring via ATM or mobile app to get special discounts.
Al Rajhi Bank supports multiple currencies. You can select the desired currency when making a transfer.
Yes, you can track your transaction through Al Rajhi Bank’s mobile app or internet banking.
If incorrect details are provided, you may request a change or cancellation, but fees may apply.
Al Rajhi Bank offers same-day processing for an additional charge, ensuring faster transfers.
Yes, Al Rajhi Bank offers a Door-to-Door service in selected countries, delivering cash directly to the beneficiary’s home.
To learn more about bank accounts for students, the best education loans, forex, banking experience for global students, or international money transfers, reach out to our experts at 1800572126 to help ease your experience with studying abroad.
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