Banking Basics
In a world driven by technology and electronic banking, the traditional ways of transferring money seem like they were of the time dinosaurs were roaming the Earth! This is because, with the spread of electronic banking, people feel safer and more secure managing their money through their smartphones - and why they rely on their smartphones to transfer money now, too. So, why visit the bank to do this when you can do it on your phone from literally anywhere?
And although there are several electronic money transfer methods nowadays, some are superior for several reasons. Some transfer money in the blink of an eye, while others take longer. In this article, you'll learn more about the money transfer methods that Bank al Etihad offers and how long each one takes.
Transfers to Bank al Etihad clients
These refer to money transfers where both the sender and the recipient are Bank al Etihad clients, and they're instant as the money is received on the spot. All you have to do is use the recipient's name - listed as "beneficiary name" - and their account number or their IBAN. Don't have this information? Don't worry! We've come up with an even easier option that lets you transfer money to your contacts as long as their phone number is connected to their account. You’ll find the steps here.
Domestic transfers
These are money transfers to accounts in other banks in Jordan that you can makedo by using the beneficiary's IBAN and they usually take 1 to 2 working days. Check out a step-by-step guide here.
Western Union transfers
What distinguishes Western Union is that it lets users transfer money anywhere, locally or internationallyinternational. The Western Union service - which you can find in our app - transfers money within seconds and is transparent regarding its transfer commission and currency exchange rates. Find out how to make transfers through Western Union here.
CliQ transfers
Through the CliQ service on our app, you can transfer money any time and any day of the week to clients of Bank al Etihad or other banks in Jordan that use the CliQ service. Money transfers through this service are free of charge and will be received instantly by the beneficiary. All you have to do is set up a nickname - listed as “alias” - and then you can start transferring money right away. Still not sure how to do this? Click here.
International transfers
As the name implies, this method refers to money transfers that can be made to all parts of the world. And while it works to bridge the distances between people, it requires more time than other transfer methods as it takes 3 to 5 working days. For this transfer method, you can split the fees between you and the recipient, cover them yourself, or let the recipient pay the fees. Check out the steps here.
What do all of the above transfer methods have in common?
While the transfer methods differ in how much time they take, they're all completely secure, easy, and available on our app! So, if you find you need to make a money transfer, we recommend you download our mobile banking app. Through it, you'll have access to different transfer methods and convenient features like scheduling automatic transfers, viewing previous transfers, and saving beneficiaries' details to avoid the hassle of entering them in every transfer process.
Download our app and start transferring now!
