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Post by nicolas1 on Aug 7, 2014 14:05:03 GMT
Hi;
I tried to transfer money to an international account from my Saudi Hollandi USD account but apparently transferring money abroad can be done only in SAR currency can anyone confirm please ?
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derekg
Senior Member
Posts: 107
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Post by derekg on Aug 7, 2014 14:30:05 GMT
Money transfers depend on the bank doing the transfer. You should be able to do a transfer in SAR, Euro, UK Pound, or US Dollar without much difficulty. When you do a transfer from here, the amount is deposited in SAR and you determine the receiving bank currency, usually US Dollar and they bank does the currency conversion. If you send SAR, the US bank will do the conversion upon arrival. Both cases usually give a less than ideal conversion rate. Most banks here also offer good exchange rates for customers who have a history with them (e.g. credit card, loan, etc.).
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Post by dgc00 on Aug 7, 2014 19:58:18 GMT
SABB offers a second currency acct online - just transfer into that acct (favorable rates) and transfer abroad.
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Post by Twofeets on Aug 9, 2014 4:22:46 GMT
I cant speak for other Saudi Hollandi branches, but the branch here is RT has been horrible. I have an account with them, yet they have made sending money a nightmare, they have refused to exchange money unless its USD or Euros (they wont even exchange money from BH, Qatar, or the UAE), and my debt card expires this month and still no word on a new one from them...
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