Transferring Money from Saudi Arabia to BNI Bank, Fees and Transfer Time
Want to know how to transfer money from Saudi Arabia to BNI Bank, including the cost and transfer duration? Follow our detailed guide here!
In the era of globalization, international money transfers have become an increasingly critical necessity.
This is especially true for migrant workers in Saudi Arabia who wish to send their earnings to their families back in Indonesia.
However, if you're not familiar with the process, it can be a challenge. But don't worry!
This article is here to help you understand how to transfer money from Saudi Arabia to BNI Bank, what fees are involved, and how long the transfer process takes.
Money Transfer Services from BNI Bank
As one of the largest banks in Indonesia, BNI Bank provides various money transfer services to facilitate remittances from abroad, including from Saudi Arabia.
Some of the services on offer include:
Incoming Transfer (ITR) BNI Account: This service allows you
to send money from abroad directly to a BNI account in Indonesia.
ITR Non-BNI Account: If the recipient doesn't have a BNI
account, you can still send money via this service. The remittance will be
directed to another Indonesian domestic bank account aside from BNI.
BNI Wesel PIN: If the recipient doesn't have a bank account
at all, you can choose this option. Money remittances from abroad can be
collected in cash at BNI outlets, post offices, Alfamart, Pegadaian, Agen 46,
and other BNI Wesel PIN payment agents.
BNI Mobile Remittance (BNI MoRe): This is BNI's latest
digital innovation that simplifies money transfers from Singapore to Indonesia.
This service can be accessed via mobile anywhere and anytime, significantly
easing the money transfer process.
Fees and Transfer Time
Fees and transfer time are two of the most frequently asked factors in money transfer processes.
Here are the details for money transfer
services from Saudi Arabia to BNI Bank:
Type
of Transfer |
Transfer
Fee |
Transfer
Time |
Credit
to Account |
40,000
- 50,000 IDR |
1-3
business days |
BNI
Wesel PIN (Cash - IDR) |
5,000
IDR |
Same
day |
Note: Fees and transfer times may vary depending on certain
factors such as transfer volume, time differences, and others. Always check the
latest information from BNI Bank before making a transfer.
Money Transfer Process
Essentially, the process of transferring money from Saudi Arabia to BNI Bank is quite straightforward.
Here are the steps you need to
follow:
- Visit the BNI remittance agent/correspondent in Saudi Arabia. You will be asked to submit the remittance money and identity, as well as fill out a remittance form.
- If you choose to use BNI MoRe service, you can carry out this process through a digital correspondent application.
- The recipient in Indonesia can collect the money at a BNI branch or other BNI outlets and payment agents. To do so, they must bring their PIN number and identification card.
Conclusion
Transferring money from Saudi Arabia to Indonesia through BNI Bank is now faster and easier.
By understanding how it works, the fees involved, and the time needed, you can make transactions securely and efficiently.
With this guide, we hope that you will be able to send money back
home smoothly and without any hindrance!
Source: BNI
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