Send Money from Canada to Saudi British Bank in Saudi Arabia

Saudi British Bank, Saudi Arabia

HSBC Holdings PLC owns a minority stake in Saudi British Bank (SABB), a Saudi joint-stock company based in Riyadh. In 1959, HSBC acquired the British Bank of the Middle East from the British Bank of the Middle East. Due to Saudi Arabia's restrictions on foreign ownership of banks, SABB was created in 1978 to manage HSBC branches and assets. In addition to its eighty branches throughout Saudi Arabia, it has a branch in London, England. SABB is one of the five largest Saudi banks by deposits. In May 2018, SABB announced its intent to acquire Alawwal Bank as part of the Kingdom's first merger in twenty years that resulted from recent changes in Vision 2030 economic reforms.

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How to Send Money to Saudi British Bank in Saudi Arabia

With Remitbee, sending money to banks in Saudi Arabia is easy. Six steps are all it takes.

  • Set up a free account with Remitbee. Our system gives you access to your own secure Remitbee Wallet when you complete this easy step.

  • Please tell us about yourself, including your full name, address and occupation. Ensure your phone number and email address are correct.

  • We'll send your money to the address you specify. For each recipient account, we need to know the name of the bank and the account number. You can also specify whether the recipient will pick up the money or if it will go directly to their account.

  • Check the CAD to SAR conversion rate. You can then enter your amount, choose your payment method, and confirm your transfer once you've determined the exchange rate. While the conversation rates fluctuate daily, the fees for each payment method remain constant.

  • Keep track of your money. The work is done at this point! You can watch how your money reaches Saudi Arabia by checking your Remitbee app.

  • Take action and be a hero! Online money senders to Saudi Arabia, who provide for their families, are heroes. We strive to provide a service fit for a hero.

What are the benefits of sending directly to Saudi British Bank?

When you use Remitbee to send directly to Saudi British Bank, there are many benefits. The following is a quick overview:

  • It’s more secure than doing in offline

  • It’s faster

  • You can do it from the comfort of your home

  • You can access your money as soon as the transfer goes through

What information you’ll need to complete the transfer

The following information will help you complete the transfer through Remitbee. Different requirements apply to two types of delivery

Wire transfer to bank account

  • Make sure you have the recipient's name exactly as it appears on bank statements on the account you are transferring. The transfer will not be delayed in this way.

  • Address - We need the address of the branch you are sending the money to so we can get it to its destination.

  • Name of the bank in Saudi Arabia - This is the name of the bank to which you are sending money.

  • Account Number - This ensures it reaches your recipient.

    Cash pickup

  • Ensure the money will be picked up by the correct person by using the full name.

  • Input the recipient's telephone number.

  • 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

In order to provide you with the most competitive Saudi Arabian Rupee exchange rates on the market, we keep our fees as low as possible. When you use bill, Interact or debit card payment methods, there are small fees, but you can also use Remitbee Wallet at no charge. You can see any fees upfront in the application before you send money to Saudi Arabia.

Send money to all major Banks in Saudi Arabia

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Frequently Asked Questions

Yes you can.

You can choose to pay using Interac e-Transfer, Interac Online, Bill payment, Electronic Funds Transfer or Visa or Mastercard Debit.

The transfers typically take between 1 and 2 days, but some transfers happen instantly.

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.

Any transfer over 500 CAD is free. Transfers below 500 CAD are subject to the following fees:

  • Interac Online - $2.99

  • E-transfer – Free

  • Bill Payment - Free

  • Electronic funds Transfer - Free

  • Visa or Mastercard Debit - $2.99+

-Saudi British Bank NEFT charges

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

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