Send Money from Canada to Alawwal Bank in Saudi Arabia

Alawwal Bank, Saudi Arabia

The Alawwal Bank is known for being a giant financial institution in Saudi Arabia, the largest economy in the East African Community. It is a commercial bank licensed to operate by the Central Bank of Saudi Arabia. As of December 2018, the bank has a large Saudi Arabian customer base with over 7.5 million accounts. As a result of their rapid growth, the bank was awarded and recognized as the Best Bank of Saudi Arabia by the London Financial Times.

You send

They receive

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0.00 CAD

Estimated delivery

N/A*

How to Send Money to the Alawwal Bank

Using Remitbee, you can transfer money to the Alawwal Bank's Saudi Arabia bank accounts in six simple steps:

  • You can create a free account with Remitbee. This can easily be done online. As part of your Remitbee account, you also get access to your private Remitbee Wallet.

  • Give an overview of your background. Include your name, occupation, and address. Then, verify your phone number and email.

  • We'll send your money where you tell us. Provide the bank details for the recipient account. The bank's account number and name should also be included. Additionally, the recipient has the option of picking up the money or having it deposited directly into their account.

  • Confirm that the exchange rate between CAD and SAR is satisfactory. Enter the amount and payment method that you would like to use, then confirm your transfer. Fees for different payment methods may vary daily, but conversation rates are always fixed.

  • Your transfer has been completed - we'll take care of the rest. In the Remitbee app, you can track your transfer and keep an eye on it. Follow its arrival in Saudi Arabia!

  • You’ve made a difference! A hero is anyone who sends money online to Saudi Arabia to support their family. Helping heroes by providing services that are fit for heroes is what we do.

What are the benefits of sending directly to the Alawwal Bank?

Directly sending to the Alawwal Bank with Remitbee has many benefits. The following overview will help you understand:

  • The system is more secure this way. Compared to sending money offline, sending money online is more secure, easy, and efficient.

  • Every transaction is faster with Remitbee. You could have your money delivered immediately!

  • It doesn't matter where you are or when you are there! So long as you have access to the Internet, you can do this from home.

  • As soon as the transfer is approved, your money is available to the recipient

What information you’ll need to complete the transfer

For the two different methods, there are different requirements:

Wire transfer to a bank account

  • In order to begin, please provide us with your recipient's name as it appears on their bank statement. As a result, delays in your transfer will be avoided.

  • In order to send the money to the recipient, we need the branch address.

  • Please provide the name of the Saudi Arabian bank to which you are sending money.

  • The account number of your recipient. This is to make sure we’re sending money to the right account.

    Cash Pickup

  • Same as the wire transfer requirement. We need your recipient’s name exactly as it appears on bank statements.

  • The phone number of the recipient.

  • The name of the bank or other financial institution where the recipient will be picking up the money.

How Remitbee calculates the CAD to SAR exchange rate

Remitbee strives to keep our fees as low as possible by assessing rates daily in order to provide you with the most competitive Saudi Arabian Shilling exchange rate and Alawwal Bank forex rate available on the market. Even though you can fund your transaction with Bill, Interact, or a debit card, there are still small charges. Nevertheless, Remitbee offers customers solutions to save more. Most fees can be waived when using the Remitbee Wallet. The costs will always be upfront with you, and you can see the exact amount before sending payment.

Send money to all major Banks in Saudi Arabia

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Frequently Asked Questions

Yes!

Payments can be made using Interac e-Transfer, Bill payment, Electronic Funds Transfer, Interac Online, Mastercard Debit, or Visa.

The transfers usually take between 1 to 2 days, but some can happen instantly.

Once a customer verifies their identity on our platform, they can send up to 9,000 CAD per day, with a maximum of 50,000 CAD per month.

Transfers over 500 Canadian dollars are free. We charge the following fees for transfers less than 500 CAD:

  • Electronic funds Transfer - Free

  • E-transfer – Free

  • Bill Payment - Free

  • Interac Online - $2.99

  • Visa or Mastercard Debit - $2.99+

Although the rate changes daily, the current CAD to SAR exchange rate is 1 CAD for {{SAR}} SAR.

Transfers over 500 Canadian dollars are free. We charge the following fees for transfers less than 500 CAD:

  • Electronic funds Transfer - Free

  • E-transfer – Free

  • Bill Payment - Free

  • Interac Online - $2.99

  • Visa or Mastercard Debit - $2.99+

    The maximum amount of money you can send in SAR is dependent on your account’s verification level.

    You can send up to 50 CAD per day, and 500 CAD per month, with Verification Level 1 (the minimum).

    Our recommended level of verification is Level 2. Customers can send up to 3,000 CAD daily and 25,000 CAD per month with this level.

    When transferring larger amounts of money, Verification Level 3 is recommended. With this level, you can send up to 50,000 CAD per month and 9,000 CAD daily.

    As of now, Verification Level 4 is in progress and will give our customers even higher sending limits!

    The verification process takes place once. After you have been verified, you do not need to provide any additional documents.

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