Many expatriates about to leave the oil-rich Gulf country. So people wanting to know how much money legally transferable by expatriates from Saudi Arabia. You’ve no limit whatsoever to send money from some of the banks if you’re working legally and possess Iqama, and so on. But certain limitations are there. An expatriate in Saudi Arabia comes to work and earn money and he’s not Saudi. Expats live in Saudi Arabia basically to work and enjoy work-life while their solo reason is to earn money.
The cost of living in Saudi Arabia is very less. Moreover, salaries in Saudi Arabia are good, and there is no income tax. Mostly, expatriates living in Saudi Arabia transfer their 80% of earned money to Indian banks, and to take care of their families or relatives back in India.
However, there’s no money transfer limit. Expatriates working in Saudi Arabia can send as much money as they can if they follow the rules. If you’re working in Saudi Arabia and started earning SR10,000/- for example. You’re allowed to send a bit less than what you’re earning.
Bearing your cost of living in Saudi Arabia, you can send about SR9,500. If you try to send more money than what you’re earning even by borrowing from your friends then it’s illegal. So, no need to panic as far as you’re working in Saudi Arabia to take care of your family back in India, Pakistan, Bangladesh or many other countries. But you need to know certain limitations too as you want to know how much money legally transferable by expatriates.
Banks imposed certain limits
NCB maximum transfer amount is SR100,000 per month.
NCB Al Ahli Bank money transfer limit is SR10,00000 or SR1 Million.
Al Rajhi Bank – SR50,000 per day or SR50,000 multiplied by 30 per month.
Tahweel Al Rajhi – SR20,000 per day or an equivalent amount for monthly basis.
SAMBA Bank remittance – SR67,000 per day or multiply SR67,000 by 30 if you want to send on a monthly basis.
Riyadh Bank remittance – The limit is SR250,000 per day or more on a monthly basis.
Fawri remittance limit: SR20,000 per day or more on monthly basis.
Enjaz money transfer limit is SR20,000 per day.
Telemoney money transfer limit: SR20,000 per day.
However, you need to visit your bank’s branch office if you want to send maximum money to India, Pakistan or any other country. The above mentioned bank remittances includes daily transfer and monthly transfers. You can calculate monthly transfer from the limit of daily transfer mentioned above. According to lifeinsaudiarabia.net, you should choose sending less money than huge amounts. It says: “it is always better to transfer money in small parts such as SR50,000 per day”, and so on.
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