Telemoney Vs. International Bank Transfer

Member since 12 April 2014

live2travelActive member26 March 2016 15:34:37

What is the difference between using telemoney and a regular international bank transfer? Which one offers a better exchange rate?

What are the pros and cons of using each to send money back to your home country?

Noureddin.m.r Active member

Member since 23 December 2015

Noureddin.m.rActive member26 March 2016 15:42:52

Sorry I've edit the post I was wrong聽

Teleymony is taking 35 SR on every transaction
And the limit is 25000 SR
Banks聽 is deducting higher rate聽 in general i think but it depends聽 some banks are offering less rate with bigger amount of money

kaleemimran Active member

Member since 10 November 2014

kaleemimranActive member26 March 2016 15:57:59

Try fawri bank transfer services.

stressedmom Serial expat

Member since 05 April 2013

stressedmomSerial expat26 March 2016 16:21:01

661

Fees depend on your bank on each end. I have heard various answers before.

I only pay 40 sr per bank transfer from my bank here and have no fees from my receiving bank.聽 Insanely cheaper for me to use my banks compared to Telemoney