Send Money from Canada to Alinma Bank in Saudi Arabia

Alinma Bank, Saudi Arabia

According to Saudi Royal Decree No. 88 of 1992, Alinma Bank was formed as a joint-stock company. Upon establishing the bank, 1.5 billion shares were issued with nominal values of SAR 10 each. The bank had a capital of SAR 20 billion. At the company, there are more than 2,658 people who provide Shariah-compliant retail, corporate and investment banking services. Clients of Alinma Bank can do business with the bank through its nationwide network of branches and ATMs, but you can also do business with the bank via Alinma Internet, Alinma Phone, Alinma Mobile, and Alinma App.

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They receive

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0.00 CAD

Estimated delivery

N/A*

How to Send Money to Alinma Bank in Saudi Arabia

You can fund Alinma Bank accounts quickly and efficiently with Remitbee. It only takes six easy steps to complete.

  • Create a free Remitbee account. The process is straightforward, and you will receive access to a private and secure Remitbee wallet immediately.

  • After that, you will be asked for personal information such as your full name, address, and occupation. You will then be asked to verify your email address and phone number.

  • If you're sending money to a bank account, provide the recipient's bank details, including the bank name and account number. Another option is for the receiver to pick up the money from one of our partner agents.

  • See the conversion rate of CAD to SAR. If the CAD/SAR conversion rate is advantageous to you, enter the amount to be transferred, select a payment method, and confirm the transfer. Daily exchange rates change, but the fees for each payment option remain the same.

  • The job is done! Watch the progress of your Remitbee transfers and wait for them to arrive in Saudi Arabia.

  • Your deeds deserve a hero's salute. We are here to provide you with the greatest money transfer service.

What are the benefits of sending directly to Alinma Bank?

Money transferred directly to Alinma Bank using Remitbee has a variety of advantages. Following is a brief rundown:

  • It is riskier to send offline than online

  • Quick and easy

  • It can be done at the convenience of your home

  • As soon as the transfer is complete, you will have access to your funds

What is the information you need to complete the transfer?

Here's everything you'll need to finish the Remitbee transfer. There are two different delivery methods, each with its own set of requirements:

Wire transfer to a bank account

  • The recipient's whole name. Make sure your name is precisely how it appears on your bank statements to minimize delays.

  • Address – We need the address of the branch you are sending the money to so we get it to the recipient’s city.

  • Bank name - Choose Alinma Bankfrom the drop-down menu in this case

  • Account Number – This guarantees that it is sent to your receiver's account

    Cash pickup

  • Name – Ensure that you have the entire name of the individual who will be picking up the money.

  • Phone number – Enter the recipient’s phone

  • Pickup Location – We need 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

We monitor prices regularly and keep our costs as low as possible to provide the most competitive SAR exchange rates. The fees for bill payment, interac, and debit cards are small, but Remitbee Wallet lets you send money for free. Before sending a transfer, you should always check the fees you will be charged.

Send money to all major Banks in Saudi Arabia

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Frequently Asked Questions

Yes, you can! Remitbee partners with all major banks in Saudi Arabia!

Interac e-Transfer, Interac Online, Bill payment, Electronic Funds Transfer or Visa or Mastercard Debit are your options.

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

You can send up to 9,000 CAD each day, with a yearly limit of 50,000 CAD, provided you utilize our platform to verify your identity.

Any transfer of 500 CAD or more is absolutely free. Fees for transactions under 500 Canadian dollars are listed below.

  • Interac Online - $2.99

  • E-transfer – Free

  • Bill Payment - Free

  • Electronic funds Transfer - Free

  • Visa or Mastercard Debit - $2.99+

The CAD to SAR exchange rate is currently 1 CAD for {{SAR}} SAR. This changes daily.

Based on the degree of verification, there is a maximum amount of money in CAD that you can send. Here is a breakdown of the levels:

The maximum amount that you can send per day or per month with Verification Level 1 is 500 CAD.

Verification Level 2 allows you to transfer up to 3,000 CAD per day and 25,000 CAD per month.

Verification Level 3 allows you to send up to 9,000 CAD per day and 50,000 CAD per month.

We are also developing Verification Level 4, which will provide our clients with even more sending restrictions. During the verification process, keep in mind that it's a one-time thing. There's no need to give any more documentation after you've been verified.

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