SA can't transfer salary into account based on SWIFT/IBAN

I'm from Norway, and have given Aramco my IBAN and Swift codes. This is all they need to deposit my salary into my own account. There should be no problem at all.

As far as I know, there is a sort code for the bank, and something else which doesn't appear in my mind right now, but if you ask the bank for these details, it should be no problem!

Good luck!

Alex

Saudi Aramco can deposit payroll to a local Saudi bank or a bank in your home (passport) country. What this means is that your payroll can only be deposited to a bank account in a country for which you hold a passport or valid residency (e.g. green card for US). If you do not have an account in your home (passport) country, you will need to have your payroll deposited in a local (Saudi) account and set up wire transfers to your banking in other countries. Most banks here support both SWIFT and IBAN transfers.

Additional info, my payroll will be in EURO and I want to transfer salary into my home bank account. I wouldn't like to open a local bank account unless for small amount of money that I'll use to cover living costs.

Regards

Aramco will only transfer the money to the country where the currency is the same as your payroll. So if you're on Euro Payroll and you're from the Euro currency states, then it shouldn't be a problem. If you're on the Sterling Payroll but your country is Malaysia for example, then Aramco will not transfer your payroll there. The only option is if you have a UK based bank (or a UK Offshore account), and only then will they transfer it there.

azraeil

I'm on Euro payroll but my salary is deposited into my national bank account in my country's currency. There seems to be some kind of exchange. If this is done by the bank or Aramco, I'm not sure, but the money gets there.

Alex

I should make a claification. The rule is YES, they can use SWIFT/IBAN number to deposit your payroll, BUT you can only deposit your payroll into your country of origin listed in your hiring documents or here in local Saudi bank.

It was stated above you can deposit your payroll into any country you have a recidency or passport, and this is not correct....at least I was told I could not do so when I tried earlier this year.

There's a mulude of Banks here in Dhahran but for me I bank with NCB, they have a good branch here near the Mujamma and I remembered opening a British pound account with them BUT I ended up never using it. Aramco will not transfer my salary in pounds (even though I have a pound account with NCB), they will only transfer to a UK bank or if you have offshore banking (Isle of Man etc).

The British payroll have 44 nationalities in it and almost all of us are not British and have our liabilities in our very own home currency. Aramco has finally (they implemented the home currency protection for the Aussie/Kiwis last year first) protected the pound's depreciation against our home currency at the the exchange rate at the time of our entry which in my case my home currency has appreciated by 35% against the pound. The only requirement was that ALL my salary must be deposited in Saudi Riyal in a local Saudi bank. It was a 12 thousand riyal difference to me so that was a no brainer.