The Economy website offers a way to transfer money internationally through Riyad Online and Riyad Mobile.
At Riyad Bank, we value the importance of your time and provide you with an easy and comfortable money transfer service at any time through the international transfer service.
This service enables users through any of the Riyad channels to transfer money directly and receive money within 24 to 72 hours at very competitive exchange rates and service fees.
Advantages:
Ease of use: The money transfer process can be completed in just 3 steps:
Add the beneficiary
Activate the beneficiary
Money transfer
Immediate service: beneficiaries’ transfers can be received within a short period
Available service: Riyad Bank customers can transfer funds to the beneficiaries on all days of the week and at any time. For non-bank customers, you can open a current account through the website with ease and speed.
Convenient service: Money can be transferred to the beneficiaries without the need to visit remittance centers and wait for hours
Safe Service: It is an efficient and secure way to make remittances
Other advantages:
Competitive fee for making transfers
Issuance of remittances in all major foreign currencies
Issuance speed via SWIFT global system
Guaranteed and secure by SWIFT CODE standards
To make an international transfer through Riyad Online, please follow the following steps:
Login to Riyadh Online
Adding an international bank beneficiary to the international transfer service “SWIFT” through the “Beneficiary Management” field
Activate the beneficiary through the IVR service, an ATM, or a Riyad phone, or by visiting the nearest Riyad Bank branch
Transfer money to the beneficiaries of international remittances “SWIFT” through the “Transfer” field and complete the process
To make an international transfer through Riyad Mobile, please follow the following steps:
Login to Riyadh Mobile
Adding an international bank beneficiary to the international transfer service “SWIFT” through the “Beneficiary Management” field
Activate the beneficiary through the IVR service, an ATM, or a Riyad phone, or by visiting the nearest Riyad Bank branch
Transfer money to the beneficiaries of international remittances “SWIFT” through the “Transfer” field and complete the process
To make an international transfer through Riyad Teller, please follow these steps:
Insert your debit card
Choose the type of transfer (credit card)
Other transfers
Beneficiary selection
Enter the amount and then complete the international transfer process
You can also make international transfers through Riyad Bank branches
Some intermediary and receiving banks charge fees for remittances and these fees are deducted from the amount transferred by the customer.
In the case of returning the transfer, the amount returned will be less than the amount transferred, depending on the currency exchange rate difference as well as the cancellation fees from the beneficiary bank.
If the beneficiary’s bank is included in the list of banks that contract with Riyad Bank
The customer will have two options
The beneficiary – only Riyad Bank fees are deducted from the account, and the beneficiary’s bank fees are deducted from the transfer amount
We would like to note that additional commissions may be deducted from the remittance value by the beneficiary bank or intermediary correspondent banks according to their remittance service fee policies.
From my account – all fees are deducted from the account and the full amount of the transfer is sent to the beneficiary
If the beneficiary’s bank is not included in the list of correspondent banks with Riyad Bank
The beneficiary – only Riyad Bank fees are deducted from the account, and the beneficiary’s bank fees are deducted from the transfer amount
We would like to note that additional commissions may be deducted from the remittance value by the beneficiary bank or intermediary correspondent banks according to their remittance service fee policies.
