Post by SLC77 on Apr 23, 2013 14:36:58 GMT
IF you decide to use a Saudi bank account:
instead of wiring money Internationally (which is cheap on the Saudi end - not US in my case), you can get a bank draft.
NCB, for example, will cut you a check against your account for something like 7 SAR from any one of three major US banks e.g. Bank of America.
Take that check, and scan it into your US account with your mobile banking app.
In my case, USAA funds clear instantly, with no fees.
Wiring was costing me $30-50 USD because an intermediary bank was involved on the US side; USAA uses Bank of Mellon NYC.
NCB charged me 17 SAR for wiring.
instead of wiring money Internationally (which is cheap on the Saudi end - not US in my case), you can get a bank draft.
NCB, for example, will cut you a check against your account for something like 7 SAR from any one of three major US banks e.g. Bank of America.
Take that check, and scan it into your US account with your mobile banking app.
In my case, USAA funds clear instantly, with no fees.
Wiring was costing me $30-50 USD because an intermediary bank was involved on the US side; USAA uses Bank of Mellon NYC.
NCB charged me 17 SAR for wiring.
