Enjaz and Al Bilad Bank: Al Bilad Bank in Saudi Arabia offers money transfer service internationally and locally both. The remittance service of the Al Bilad Bank is called ENJAZ. The exchange rates proposed by ENJAZ allow its customers to take full advantage and save money through foreign exchange.
Enjaz simply accessible aspects made it easy for the expatriates to transfer their salaries or money to their home country. Enjaz is an Easy money transfer facility which has very economical and cheap bank exchange rates especially for the Asian countries like, Bangladesh, India, Pakistan, Sri Lanka, and other countries including Philippines, Sudan, Syria, Turkey, Yemen, Indonesia, Nepal, Egypt, and Bahrain.
In order to transfer your hard earned money to your home country using Enjaz Remittance Service, you will have to follow the following procedure.
Open an Account: First of all, you will have to open an account with Enjaz Remittance Service. In order to register for Enjaz account, residents and expats have to visit the nearest Enjaz center and provide their identity card or iqama known as Muqeem card now.
It is necessary for the expats to keeps this card all the time because, without it, they may not be able to do anything in Saudi Arabia.
Transfer money using Internet Banking: You can also transfer money using internet banking if you have an account with Bank Al Bilad. However, for the first time, you will have to visit Enjaz to add a beneficiary.
After getting registered with Enjaz account, you can transfer your money to any other country by providing them the required details of a beneficiary bank account. Make sure you are carrying Enjaz Card as well as your valid iqama at the time of transferring money to your home country using Enjaz Service.
Timings of Enjaz: Enjaz services are available 12 hours a day throughout the year. Working time will be 8 am to 8 pm daily. Friday and Ramadan timing will be 1 PM to 8 PM. Timings of different centers would be changed from others.
Fee for Enjaz Service: These money transfer Centers will exchange your Saudi Riyals to your homeland currency to transfer them into your bank account. It will take one working day to transfer your amount in your bank account. These remittance centers charge 16 Saudi riyals for this service.
Western Union facility: Other than transferring money through the bank, you can also send money to the homeland through western union. Enjaz Bank in Saudi Arabia is affiliated with the Western Union, global money transfer association. The Western Union is the best choice if your dear ones do not have any bank account.
You can transfer money anywhere in the world by just giving the details of the person to whom you want to send money such as their names etc. You will get secret and unique code number which you have to tell to the recipient.
The beneficiary will get the money by showing his identity proofs such as his name and also provide the unique number. Every transaction that is made through western union have the transaction fee of Enjaz is Saudi Riyals 25.
Transfer money within Saudi Arabia without a bank account: Enjaz Bank Saudi also made it possible to transfer money within Saudi Arabia even if you don’t have any bank account. The procedure is very simple just to transfer money to the receiver from one Enjaz money transfer center to other.