How to transfer money from Al Rajhi bank?

In order to transfer money within Al Rajhi accounts, to another local account or an international account, you need to add the beneficiary and follow this process;

Requirements

In order to add a beneficiary and make a transfer from the Al Rajhi Bank account; you need the following;

  • IBAN number of the beneficiary.
  • First and Last Name of the beneficiary.
  • Internet Banking.
  • Access to the mobile registered with Al Rajhi.
  • Tahweel account for international transfer.

Add a Beneficiary

  • Download the Application through PlayStore or iTunes.
  • Log in to your internet banking account.
  • Click on the “Transfers” button.
  • Select the type of beneficiary such as local or international.
  • Enter the amount you want to transfer.
  • Type of Transfer: Normal Transfer.
  • Select the purpose for the transfer.

Adding Beneficiary to Al Rajhi Bank

On the next page;

  • Enter the IBAN number of the beneficiary.
  • Write the first and last name.
  • Select the bank name of the beneficiary.
  • Enter the 4-digits OTP received on your mobile.
  • Click on the “Call Me Now” button.

Adding Beneficiary to Al Rajhi Bank

Al Rajhi Bank will immediately call your mobile and ask you to press “1” to activate the beneficiary.

Local Transfer

In order to make a transfer to a local bank account such as Al Ahli or Al Bilad;

  • Log in to your internet banking account.
  • Click on the “Transfers” button.
  • Select the type of beneficiary such as local.
  • Enter the amount you want to transfer.
  • Type of Transfer: Normal Transfer.
  • Select the purpose for the transfer.
  • Select the beneficiary you want to transfer funds to.
  • Confirm the transaction on the next page.
  • Al Rajhi Local Bank Transfer fee: SR 1.15

Al Rajhi Bank Local Transfer

International Transfer

Suppose you already have a Tawhweel account and a beneficiary added with an international beneficiary added to your account. In that case, making an international transfer through Al Rajhi Bank is very easy.

  • Log in to your internet banking account.
  • Click on the “Transfers” button.
  • Select the type of beneficiary such as International.
  • Click on “Add New Beneficiary” if it is not already added.
  • Select the beneficiary you want to transfer funds to.
  • Enter the amount you want to transfer.
  • Select the purpose for the transfer.
  • Confirm the transaction on the next page.
  • Al Rajhi International Bank Transfer fee: SR 10.

Al Rajhi Bank International Transfer

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Steve has been living in Saudi Arabia since 2013 and writing about Saudi rules, regulations, guides, and procedures since then.