Telemoney Money Transfer Exchange Rates Fees

Telemoney Money exchange and transfer service which provide services in Saudi Arabia to large number of expatriates. The Telemoney service is under Arab National Bank ABN, which provide more premium, fast and customer friendly financial transfers.

To Transfer and exchange Saudi Riyals at Telemoney First time customer need to register with telemoney just by presenting their iqama copy and filling short form.

Beneficiary Account IBAN: After that customer need to register their beneficiary bank account number, customer can add up to 15 beneficiary or Receiver account.


Sending Money Through Telemoney:

Just Visit Nearest Telemoney Branch, there are more than 97 telemoney branches are located all around the kingdom, Customer just present his Iqama number and beneficiary account number. The teller will enter and confirm the details and send the money in 15 minutes to 72 hours. But usually it takes less than 30 minutes.

After successful transfer the receipt will handover to customer.

Service Charges and Delivery time: 

The charges depend upon chosen service if you select  RUSH MONEY of telemoney which transfer money in 1 hour and receiver is ready to collect that money than the charges are more.

But the normal charges of transaction is 16 SAR.

Telemoney Accepted Banks:

Transferring to Indian Bank Through Telemoney:
HDFC Bank, ICICI Bank, Federal Bank, State Bank of India, Punjab National Bank, South Indian Bank, Axis Bank.
Transferring to Pakistani Bank Through Telemoney:
Muslim Commercial Bank, United Bank Limited, Habib Bank Limited, Allied Bank, National Bank of Pakistan.
Transferring to Philippines Bank Through Telemoney:
Rizal Commercial Bank Corporation (RCBC), Philippine National Bank, Metro Bank, BPInoy (BPI), BDO, China Bank (CBC), Bank of Commerce (BOC).