If you want to send money home economically, safely and conveniently, there’s no better way than SABB’s Demand Draft remittance service.
SABB Demand Drafts
A Demand Draft is a bank cheque that is payable to a named payee and drawn on an overseas branch or bank for any amount, in any currency and in almost every country in the world. SABB’s Demand Drafts are purchased and sold at competitive exchange rates.
Features and Benefits of SABB Demand Drafts
- Demand Drafts in Saudi Riyals (including those issued by other Saudi banks) can be cashed at any SABB branch
- Demand Drafts can be cashed only by the payee (upon showing proper identification) or credited to the payee’s account
- If a Draft is reported lost or stolen, the applicant can request a replacement Draft or obtain a refund from the bank at the current buying rate