• 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

• 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.