International Transfer

At Riyad Bank, we appreciate the importance of your time and allow you to transfer money easily and comfortably at any time through the international remittance service.

This service enables Riyad Online and Riyad Mobile users to transfer funds directly and receive funds within 24 to 72 hours at very competitive exchange rates and service fees.

Features:

• Ease of use: The money transfer process can be completed in just 3 steps:
  1. Add the beneficiary
  2. Activate the beneficiary
  3. Transfer of funds
• Immediate service: remittances of beneficiaries can be received within a short period
• Available service: Riyad Bank customer can transfer money to beneficiaries all days of the week at any time. For non-bank customers, you can open a current account via the website easily and quickly.
• Convenient service: funds can be transferred to beneficiaries without the need to visit remittance centers and wait hours
• Safe service: it is considered an efficient and safe way to conduct remittance operations
• Other advantages:
  • Competitive fees for making transfers
  • Issuing transfers in all major foreign currencies
  • Speed of issuance via the global SWIFT system
  • Guaranteed and safe by adopting the standards of SWIFT CODE

To make an international transfer through Riyad Online, please follow the following steps:

1. Log in to Riyad Online
2. Adding an international bank beneficiary to the international remittance service "SWIFT" through the "Beneficiaries Management" Option
3. Activate the beneficiary through the Auto dialer service, Riyad ATM, or the Riyad Line, or visit the nearest branch of Riyad Bank
4. Transferring funds to beneficiaries of international transfers "SWIFT" through the Option"Transfers" and complete the process

To make an international transfer through Riyad Mobile, please follow the following steps:

1. Log in to Riyad Mobile
2. Adding an international bank beneficiary to the international remittance service "SWIFT" through the "New Beneficiary" field
3. Activate the beneficiary through the automatic answering service, Riyad ATM, or the Riyad Line, or visit the nearest branch of Riyad Bank
4. Transferring funds to beneficiaries of international transfers "SWIFT" through the field "Money Transfers" and completing the process

To make an international transfer through Your Riyad Bank Card, please follow the following steps:

1. Insert your Riyad Bank Card
2. Select Transfers then the transfer type
3. Choose Other transfers
4. Select the desired beneficiary
5. Enter the amount and then complete the international transfer process

You can also make international transfers through Riyad Bank branches

Important Notes:

• Some intermediary and receiving banks impose fees on money transfers, and these fees are deducted from the amount transferred by the customer.
• If the transfer has be returned, the amount returned will be less than the amount transferred, depending on the difference in the currency exchange rate as well as the cancellation fees from the beneficiary bank.

If the beneficiary's bank is included in the list of banks contracting with Riyad Bank

The customer will be presented with two options

Beneficiary - Riyad Bank fees are deducted only from the account, and the beneficiary's bank fees are deducted from the transfer amount.
We would like to note, that additional commissions may be deducted from the transfer value by the beneficiary bank or intermediate correspondent banks, according to their remittance service fee policies.

From my account - all fees are deducted from the account and the full amount of the transfer will be sent to the beneficiary

If the beneficiary's bank is NOT included in the list of banks contracting with Riyad Bank

The customer will only see one option

Beneficiary - Riyad Bank fees are deducted only from the account, and the beneficiary's bank fees are deducted from the transfer amount
We would like to note that additional commissions may be deducted from the transfer value by the beneficiary bank or intermediary banks, according to their remittance service fee policies.

Example: