Do you have relatives working as Indonesian migrant workers in Saudi Arabia? Thanks to a wide range of services available, transfer money to Saudi Arabia has never been easier.
However, before making a transfer to Saudi Arabia, there are a few things you need to know, especially about the SWIFT codes for Saudi Arabian banks. A SWIFT code is a unique identifier for banks, commonly used for international transfers. Major Saudi banks like Al Rajhi Bank, Saudi National Bank (SNB), and Riyad Bank each have unique SWIFT codes.
Also read: How to Send Money Abroad Without a Bank Account
Check SWIFT Codes Before Transferring Money to Saudi Arabia
What is a SWIFT code? The Society for Worldwide Interbank Financial Telecommunication (SWIFT) code is a unique identifier used in international banking to ensure your money reaches the correct bank. This 8-11 character code acts as the unique “identity” of each bank worldwide.
Without this code, your transfer to Saudi Arabia could be delayed or even fail. Each bank in Saudi Arabia has a unique SWIFT code, such as RJHISARI for Al Rajhi Bank, where “RJHI” identifies the bank, “SA” stands for Saudi Arabia, and “RI” refers to Riyadh.
Finding the SWIFT code for your chosen bank is easy using the Check SWIFT/BIC Code on the Transfez website. Simply select the country and bank name to retrieve the code. Alternatively, you can search for SWIFT codes on search engines like Google, Bing, or Yahoo.
Services for Transferring Money to Saudi Arabia
Here are some recommended services for transferring money to Saudi Arabia.
1. Xoom
Xoom, a PayPal service, offers one of the easiest ways to send money to Saudi Arabia. It provides cash pickup options at locations like Mohammed Hassan Yalla & Sons. With Xoom, you can quickly transfer funds using a PayPal account, credit card, debit card, or bank account. The exchange rate is competitive, with 1 USD equaling 3.6225 SAR.
2. STC Pay
STC Pay offers two main methods for international transfers: bank transfers and cash pickups. For bank transfers, funds are processed within one business day, with a transaction limit of SAR 15,000. For cash pickups, recipients can collect their money instantly at ENJAZ Payment Services locations by presenting the Reference ID sent via SMS, with the same transaction limit.
3. Bank
Prefer the traditional method? No problem—many Indonesian banks like BNI, BRI, and BCA provide international transfer services. The process is simple: visit a branch, fill out a remittance form, and provide accurate sender and recipient details.
Don’t forget to ask about the administrative fees, as these vary between banks.
How to Transfer Money to Saudi Arabia with Transfez
Why choose Transfez for transferring money to Saudi Arabia? In addition to affordable fees, Transfez allows you to transfer money to over 70 countries in 33 currencies with competitive exchange rates. Transfez also ensures the security of your transactions, as it is officially registered and regulated by Bank Indonesia.
Steps to Transfer Money with Transfez:
1. Download the Transfez app and register for free.
2. Enter the amount you want to send.
3. Verify your identity.
4. Input recipient details in Saudi Arabia.
5. Complete the payment.
6. Your transaction is successful.
Check Out Other Money Transfer Destinations with Transfez
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Download Transfez App
Transfez App can help you transfer money abroad more quickly and efficiently. Transfez Business can also help your business in making transactions abroad. For those of you who want to send money to relatives who are abroad because they are studying, working, or traveling, Transfez will be ready to help. This app is available on Android as well as iOS.
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