How Much Is The Maximum Deposit in Thaweel Al Rajhi ATM Bank Per Month?

First All a Happy Happy New Year to all. I will try more active in this blog in this year to give more information about Riyadh. You may also check my personal vlog and be subscribed to my channel.

Yesterday, I went to Thaweel al Rajhi to ask for the maximum amount that can be deposited in the ATM machine in a month. I am just thinking on how could a person going for Final Exit in Saudi Arabia can send their End of Service Benefits (ESB) money to his/her home country if it is already a big amount. So here are the facts that I came to knew yesterday from the Thaweel Al Rajhi representative in the bank.

1. The maximum amount that can be deposited in the ATM Machine within a month is SR 25,000 only. If you will exceed on this amount you need to go to the counter.
2. You may send money in your country without limit as long as you can prove the source of your money. If it is from company you need to show a letter from your company that could attest the source of your funds.
3. The letter should have your Name, Iqama Name and the amount that was given to you by the company.

In addition, you need to know the existing rules in your country. You need to know the maximum amount that you can send in an account to avoid any problem with your country’s bank. In my case, an amount more than Php 500,000 in the Philippines might be subjected to question due to AMLC (Anti Money laundering Council) in the Philippines due to Money laundering. But of course you don’t have to worry about as long as the source is legit. We just don’t want to have any delay in the release of our remittances.

The AMLC is mandated to protect and preserve the integrity and confidentiality of bank accounts and to ensure that the Philippines shall not be used as a money laundering site for the proceeds of any unlawful activity. It also extends cooperation in transnational investigations and prosecutions of persons involved in money laundering activities wherever committed.

Hope this piece of information helps expats living in Saudi Arabia. I believe it also applies to Enjaz and other remittance company in Saudi Arabia.