Best banking institution for a South African?

Last activity 04 November 2015 by kenjee

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PaulsumMember04 November 2015 03:18:28

Guys,
I am in the final stages of negotiating an employment contract for a position in Riyadh. I am South African. I would just like to know, what Banking institution is the best to bank with, and is it relatively easy to transfer money from a Saudi bank account to a South African bank account. Any other tips or advise would be greatly appreciated.
Cheers
Paul

tipeicMember04 November 2015 03:49:34

I am from the UK, but born in Zim. I only got a bank account in the last three weeks with SABB, which is the local name for HSBC. They charged me SR40 to do a telex to a UK bank account compared to SR55 my colleague is charged by his bank.

So I would say try SABB. HSBC is a large bank with presence all over the world. So you might like it.
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PaulsumMember04 November 2015 04:40:56

Thank You, Tipeic.

kenjeeViP04 November 2015 11:39:24

19610

Hello Paul and welcome to Expat.com

To have an overview of banking institutions preferred by expats, please browse through the threads talking about the latter in the Banks and Finance in Riyadh section of the site.

Regards
Kenjee

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