Send Money from Canada to Samba Bank in Saudi Arabia

Samba Bank, Saudi Arabia

Previously known as The Saudi American Bank, Samba was established on 12 February 1980 by taking over Citibank branches in Jeddah and Riyadh in order to comply with Saudi law that required all foreign banks to be at least 60% owned by Saudis. Under a Technical Management Agreement, Citigroup agreed to manage the new bank. Shaukat Aziz, former Prime Minister of Pakistan, was the bank's Managing Director in the 1990s.

The Jeddah branch of First National City Bank (Citibank) opened in 1955, and the Riyadh branch opened in 1966. The loan was granted by a royal decree on February 12, 1980, to a Saudi company named SAMBA, in which Citibank took a 40% share. SAMBA opened a branch in Istanbul in 1985, closed it after 1994, and at one point maintained offices in Geneva and Beirut. SAMBA opened a branch in London in the late 1980s.

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Transfer money to Samba bank account in Saudi Arabia

Sending money to Samba bank accounts is easy and fast if you're a Remitbee customer. In 5 easy steps, here's how to transfer money to Saudi Arabia:

  • Sign up for Remitbee - it's free! You now have access to the best money transfer and currency exchange services in Canada.

  • Our verification process will follow. Please provide us with your full name as it appears on your ID, your address, your date of birth, and your occupation. A photo of your ID will also be required by the government, in order to protect your funds and confirm your identity.

  • After that, choose Saudi Arabia as your beneficiary's money transfer destination. In 99% of the cases, we offer the best rate in Canada for CAD to PKR.

  • Let's now talk about your beneficiary in Saudi Arabia. Please provide us with their full name, phone number, IBAN, and account number.

  • Now you're all set! We will handle your money transfer to Samba bank in Saudi Arabia. You can keep an eye on it in the Remitbee app and watch your loved ones receive your support.

Few reasons why you should send money directly to the Samba bank account

Remitbee customers enjoy a range of benefits when sending money online to Saudi Arabia. Here are a few examples:

  • Direct transfers from your Canadian bank account to the Samba bank account. The money is deposited into your Saudi Arabian bank account within minutes.

  • Transfers of over 500 Canadian dollars are fee-free.

  • All transfers can be made from your home, and you can track transaction status using your smartphone.

  • Using their Samba bank account, your beneficiaries can immediately access the funds they have been provided.

Here is what do you need to transfer money to Saudi Arabia from Canada

In order to send funds to a Saudi Arabian bank account, we need the following information from your Saudi Arabian recipient:

  • Full name legal name.

  • Bank name.

  • IBAN - International Bank Account Number.

  • NBP bank account number.

    In case cash pickup is a preferred option for you or your beneficiary, we have you covered. In Saudi Arabia, Remitbee offers transfers with cash pickup at multiple locations. You will need the following information from your recipient to use that receiving option:

  • The full legal name, phone number, and full address of the beneficiary.

  • Pick a pickup location in Saudi Arabia from our list.

  • Your beneficiary must bring the transfer number and a piece of a valid ID when money is available for pickup.

We give the best CAD to SAR rate in Canada.

Since Remitbee was founded and is operated by immigrants, we understand how important every dollar is when supporting your family in Saudi Arabia. We strive to offer you the most competitive CAD to SAR exchange rate possible.

To cover our operational costs, we charge a small fee of 2.99$ for all transfers below 500$. The use of e-Transfers, Bill Payments, or direct withdrawals to send over 500$ will be fee-free.

No unpleasant surprises are to be found with any of our fees, rates or charges since we are 100% transparent.

Send money to all major Banks in Saudi Arabia

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Frequently Asked Questions

Yes! You can definitely send funds to Saudi Arabian Samba bank accounts if you're a Remitbee customer.

Remitbee is one of Canada's top money transfer companies. Our service was created by immigrants for other immigrants. In our opinion, banks and other money transfer services shouldn't take your hard-earned money. When you are dealing with something as essential as a money transfer, you shouldn't be getting high fees and low exchange rates. Many people rely on this money, so every penny counts.

Payment methods to fund Saudi Arabian transactions include e-Transfer, Bill payment, Visa or Mastercard Debit, Interac Online, or Electronic Funds Transfer.

Our current Saudi Arabia delivery methods are cash pickup in partnering Saudi Arabian locations or instant transfers to Saudi Arabian bank accounts.

We offer free transfers if you're sending over 500 CAD! If you need to send less than 500, your transfer will have to the following fees:

  • Interac Online - $2.99

  • E-transfer - $2.99

  • Bill Payment - $2.99

  • Electronic Funds Transfer - $2.99

-Visa or Mastercard Debit - starting from $2.99

You can transfer a maximum amount of CAD to SAR depending on your verification level. The following is a quick overview

  • Level 1 verification allows you to transfer only 50 CAD a day or 500 CAD a month.

  • Level 2 verification is recommended. Using it, users can send up to 3,000 Canadian dollars a day and up to 25,000 dollars a month.

  • A Level 3 transfer is a great way to transfer larger amounts of money to a Saudi Arabian bank account. 9,000 Canadian dollars daily and 50,000 Canadian dollars per month are allowed with this level of verification.

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