In one of the previous posts, we have explained in detail about how to send money from Saudi Arabia using different options and we also shared experience of sending money online using SAMBA Speed Cash service. Currently we hear a lot about online money transfer service provided by STC with the name STC Pay which is a digital payment system with many features including international remittances to different countries online without any hassle of visiting and standing in long queues. In this post, we will share personal experience of sending money online to Pakistan using STC Pay.
Steps to Send Money Online from Saudi Arabia Using STC Pay
Sending money online using STC Pay was indeed a very comfortable and convenient experience for me as I didn’t move out of the comfort of my home and money was transferred instantly with just a few clicks.
Below are the steps I performed to send money online to Pakistan using STC Pay.
* I installed STC Pay application on my phone. App is available for both android and IOS platforms. After installing application, perform the registration and setup your account.
* I opted for Finger prints login and I was able to login using my Finger Prints very convenienty.
* I added beneficiary for Cash Pickup and another beneficiary for Bank Deposit. Application provides support for both options and is integrated with majority of the banks in Pakistan and you can conveniently add beneficiary for any bank available in the list. For cash pickup option, money sent through STC Pay can be received from any Western Union office in Pakistan.
* After adding my beneficiary, I was able to see the status of the beneficiary as Approved immediately. For any beneficiary which has been approved, you can start sending money.
* For sending money to your beneficiary, you first need to add balance to your STC Wallet. You have many options to add money to your STC Wallet. You can add balance by a normal deposit to the provided accounts or you can use SADAD or your credit/debit card. I first tried to add balance using my MADA Card but I got an error stating that for a new card, you can’t add money more than 500 SR first two times. Since I needed to add more than this, I opted for SADAD option and using my online banking, I was able to add required amount in my STC Pay Wallet in just a few minutes. I received a notification from STC Pay upon transfer to my wallet and I was able to instantly see my balance topped up using STC Pay Application. By default, STC Pay has a limit of 20,000 SR per month as of now.
* I used price estimator to know the current transfer rate for PKR and rate was quite good and satisfactory for me to proceed. I chose one of the added beneficiary and sent him money from my STC Wallet and within a minute, all process was done. I was provided with a MTCN number at the last step and there was a in-built share option using which I sent a whatsapp message to the person to whom I sent money.
* STC Pay currently charges 15 SR for each international transfer using its services. However, they offer special offers from time to time with reduced charges.
* My recipient went to the bank and at Western Union counter, he provided them his identity card and MTCN number and he was able to receive money within 10 minutes.
A Few Words of Advice for Sending Money Using STC Pay
* Make sure that beneficiary name is EXACTLY same as his/her identity document (e.g. CNIC). Payment may get rejected with any false/incorrect information.
* STC Pay has in-built chat help option in their app and you can always consult with their support staff for any issues. For one of my beneficiary, a transaction was getting rejected from Western Union and I logged a ticket with STC Pay support using chat option and they followed it up and called me within 24 hours with a resolution.
STC Pay Referral Program
If you are going to send international remittance first time using STC Pay, Use Referral Code ZHHRHG and you will get a reward of 5SR in your STC Pay Wallet. Enjoy
Feel free to comment below for any questions or with your experience of sending money online using STC Pay.