Send money to
Saib Bank Account
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Estimated delivery time
Fast and secure
Why choose Saib Bank?
In March 1977, the bank began operations in accordance with Royal Decree No. 82 of 1995. The Saudi Investment Bank (SAIB) was formed as a joint-stock company. The Saudi Investment Bank has three sister companies: American Express, Saudi Orix Leasing, and Amlak Global Finance and Real Estate Development. As of 2019, the bank operates 52 branches, including 10 ladies branches located throughout Saudi Arabia. The Saudi Investment Bank engages in trade finance, which also includes financing for quasi-governmental and industrial sectors. By implementing its (Asala) program, the bank is able to offer Sharia-compliant products and services.
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Fatima
Remitbee simplifies international money transfers with competitive rates and excellent customer support. It's my go-to for hassle-free cross-border transactions.
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Remitbee makes sending money abroad a breeze. Great rates, simple process, and reliable service.
Khadi
Remitbee simplifies international money transfers with competitive rates and excellent customer support. It's my go-to for hassle-free cross-border transactions. Highly recommended!
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How to Send Money to Saib Bank
Register for a Free Remitbee Account
Register for a Remitbee account. The Remitbee Wallet is secure and free to access.
Provide your personal information
Complete your profile with your full name, address, and occupation. Ensure your phone number and email address are correct.
Enter Recipient's Information
We'd like to know more about your recipient. We need their bank account information, including bank name and account number.
Check the Exchange Rate
Check the CAD to SAR conversion rate. Enter the amount you wish to transfer, select your payment method, and confirm your remittance once the exchange rate between CAD and SAR is acceptable. The conversion rates change on a daily basis, but the fixed amounts are set for each payment method.
Track Your Transaction
You'll receive a notification when your transfer has been received! Remitbee's app allows you to track its progress.
Send to all major banks in Saudi Arabia
What information you’ll need to complete the transfer
Wire Transfer to Bank account
Recipient's name: Recipient’s names, as they appear on the bank accounts- Recipient's address: We need the address of the recipient, that is on the bank account
- Routing Number: ACH Routing Number, to confirm account identity
- Account Number: This ensures it gets to your recipient’s account.
How Remitbee calculates the CAD to SAR Exchange Rate
We are upfront about any fees, and you can see them in the application before you send money to Saudi Arabia. Exchange rates are assessed based on daily market rates, we offer some of the most competitive rates available. Low fees based on payment method differ but Remitbee Wallet is a free funding method.
What are the benefits of sending
directly to Saib Bank?
directly to Saib Bank?
Safer
Transferring funds securely from one account to another
Speed
Spend less time in traffic! No need to make a trip to the bank or cash pick-up center
Complementry
Transfers of 500 dollars and over are free
Quick access
Funds are easily accessible by recipients
How international money transfers work
One of the banks will calculate the exchange rate CAD to SAR, and transfer instructions are sent from the sender to the receiver via the SWIFT network and the money is moved between accounts.
Check our refer and earn program!
Discover the attractive referral program by RemitBee, presenting fantastic rewards! Earn a generous $20 reward for each successful referral and gift your friends a $10 reward upon their first transaction using your exclusive code. To qualify, your friend only needs to send a minimum of C$200 or exchange at least C$1,000. With abundant referral opportunities, embark on your earning journey with RemitBee today!
Best way to send money from Canada on the go
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Frequently Asked Questions
How can I pay for my money transfer to Saib Bank?
You can choose to pay using Interac e-Transfer, Interac Online, Bill payment, Electronic Funds Transfer or Visa or Mastercard Debit.
What delivery options are available for transfers to Saudi Arabia?
Direct bank account transfers. The transfers typically take between 1 and 2 days, but some transfers happen instantly.
What is the maximum amount I can send to a Saib Bank account?
If you verify your identity on our platform, you can send up to 9,000 CAD per day, with a maximum of 50,000 CAD per month.
Does RemitBee have a referral program?
Yes, Earn a generous $20 reward for each successful referral and gift your friends a $10 reward upon their first transaction using your exclusive code. Conditions Apply