Wednesday, October 29, 2008

Me, Debit Card and Al Rajhi Bank

In previous post i share with you about my PayPal experience. Let's see what do we do next :)

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I have got the funds, now how can i withdraw the cash? PayPal requires Visa credit/debit card. I already own two MasterCards (1st one is for retail purchase/bill payments, 2nd one is for fuel), so i don't think it's a need for me to add another CREDIT card. Therefor i decided to get a Visa DEBIT card for PayPal withdrawal purpose only. I am interested on trying Debit Card offered by Al Rajhi bank so i rushed myself there.

It is amazing how fast the procedure is. You need to open an account with them with minimum opening amount of RM20. Within 10 minutes the cards is ready to be used. Oh ya don't forget to ask the officer any related fees. Make sure you only make withdrawals via Al Rajhi ATMs only, otherwise you will be charge RM4 for withdrawal fees via other banks ATM.

Ok i m done with the card issuance. Then what i need to do is to add this card into my PayPal records as withdrawal card. Easy. You will be charged RM1 from Al Rajhi for this linking process. I think it is affordable, considering the service is very good.

So i instruct PayPal to withdraw the funds into my Visa Debit card. You will be charged RM16 (by PayPal) for this service. According to PayPal, it needs around 5-7 business days for the money to be available in my Debit Card.

However, i already got my funds on 3rd day! So fast. Being international bank do gives special advantage to me as their customer. It is a good experience especially when we learn everything from scratch.

Do you have any questions or comments? (^-^)

Love,
Nur

2 comments:

Unknown said...

Great information in this post! It was very helpful and straight forward. I must say i do love my visa debit card . Like you were saying, cards like that are so fast and easy! They are very convenient as well.

Nura said...

Thanks for reading. i m glad it is useful. are you doing online business too?
*sorry did not notice your comment before. anyway thanks for dropping by (^-^)