Arab National Bank is a leading provider of Money transfer in Saudi Arabia thru its TeleMoney Service, providing customers with multiple options to execute their transfers in a convenient and simple manner thru automated system and 94 dedicated TM Centers around the Kingdom
The Service, which was launched in 1992, covers many countries including: Egypt, Jordan, Lebanon, Philippines, India, Bangladesh, Pakistan, Sri Lanka, Indonesia and Nepal.
TeleMoney services are distinguished with accuracy and Speed delivery. Customers can choose any of the following services:
Deposit into account: customers can transfer directly into their account in their countries either in their own local currency or in US dollars.
Cash Over the Counter (COC): beneficiaries can receive the transfer in cash from the corresponding banks’ teller, whereby the corresponding bank will notify the beneficiary by telephone/mail about the transfer and deliver it either in their own local currency or in US dollars.
Door-to-Door-Cash: Delivering the transfer to the doorstep of the beneficiary either in their own local currency or in US dollars (this service is available in Egypt and the Philippines).
RUSH Money:This service allows the beneficiary to receive the transfer within 1 hour , deposit to account or COC (available for Egypt, Bangladesh, Nepal). This service has been developed for the Philippines where the transfer can be delivered with 30 minutes.
SWIFT Transfers: Depositing the amount directly into the beneficiaries account in any bank around the world.