Tahweel Al Rajhi is the official remittance arm of Al Rajhi Bank, operating one of the largest foreign exchange networks across the Kingdom of Saudi Arabia. For millions of expatriates sending money to Pakistan, India, Bangladesh, Nepal, and the Philippines, understanding Tahweel Al Rajhi transfer fees and exchange rate margins is essential to maximizing total payout. This comprehensive guide covers current fee structures, transfer channels, and tips to save money on your overseas transfers.
What is Tahweel Al Rajhi?
Tahweel Al Rajhi connects physical exchange centers, ATMs, POS terminals, and Al Rajhi digital banking apps to offer secure cross-border money transfers. Expatriates can transfer funds directly to overseas bank accounts, mobile wallets (e.g., JazzCash, bKash, eSewa), or arrange instant cash pick-up locations worldwide.
Tahweel Al Rajhi International Transfer Fee Breakdown
Transfer charges at Tahweel Al Rajhi depend primarily on the transfer method (digital vs. physical branch counter) and any active bank promotional offers:
- Digital App & ATM Transfers: International transfers conducted electronically through the Al Rajhi Bank Mobile App or ATM terminals typically range between 15 SAR to 18 SAR (excluding 15% VAT).
- Branch Counter Transfers: Sending remittances in person at dedicated Tahweel Al Rajhi remittance centers generally incurs higher processing charges (ranging from 18 SAR to 25 SAR plus VAT).
- Promotional Zero-Fee Offers: Al Rajhi Bank frequently runs fee-waiver campaigns or cashback promotions during festive periods and for specific remittance corridors.
Exchange Rates vs. Nominal Fees
While transfer fees are fixed, the foreign exchange margin applied to currency conversion is equally important. Tahweel Al Rajhi provides competitive interbank conversion rates for major Asian currencies (SAR to PKR, INR, BDT, NPR, PHP). Always evaluate both the exchange rate and the flat transfer fee together to calculate the net amount your recipient receives.
How to Send Money via Tahweel Al Rajhi
Expatriates in Saudi Arabia can transfer money through four convenient methods:
- Al Rajhi Mobile App: Log in to your banking app, select International Transfer, add your beneficiary details, choose Tahweel Al Rajhi or correspondent networks, and confirm.
- Urpay App Integration: Since Urpay is powered by Al Rajhi Bank, users can initiate instant transfers directly through the Urpay mobile wallet.
- Al Rajhi ATMs: Insert your mada debit card at any Al Rajhi ATM, select Remittance Services, select a pre-registered beneficiary, and proceed.
- Tahweel Centers: Visit any physical center across Saudi Arabia with your valid Iqama to transfer cash directly.
Frequently Asked Questions (FAQs)
How much is the Tahweel Al Rajhi transfer fee to India or Pakistan?
Standard electronic remittance fees start around 15 SAR to 18 SAR (plus 15% VAT). However, promotional discounts or cashback campaigns often reduce these charges.
How long does a Tahweel Al Rajhi transfer take?
Direct transfers to mobile wallets or instant cash pickup arrive within minutes. Account-to-account bank deposits generally credit within 1 to 24 business hours depending on correspondent banking networks.
Can I check live Tahweel exchange rates online?
Yes, live conversion rates are displayed within the Al Rajhi Mobile App, Urpay, and on live currency tracking portals like RiyalGhar.
