There have been reports by other bloggers that they have been successful in withdrawing their PayPal money to their Al Rajhi debit card. I have applied for Al Rajhi debit card for a couple weeks now but didn’t registered it with PayPal yet because some bloggers did posted about their failure to receive money to their debit card. Irene, Jimmy and even Lillian tested it and mention on their blog that they didn’t received money from Al Rajhi. I did told Irene to wait awhile before making rash decision and email PayPal to ask for refund.
Now after another week, we are starting to hear that people have successfully withdraw PayPal money to their Al Rajhi debit card. However, they are not please at the exchange rate that was given to them. Consider it a blessing that now we can make withdrawal to our own bank account with our local banks debit card. Making withdrawal using VMI, Accent Visa Card or even eTrade account are much more costlier than withdrawing using our own local debit cards.
Aceone blog has got his money using Al Rajhi debit card.
Azwan Hadzree success with Al Rajhi debit card as well.
Webgrrrl’s Citibank Credit Card withdrawal success
I’m still considering the option of using Al Rajhi debit card as there is a limit of USD500 withdrawal each time. As for using my VMI debit card, I can withdraw at a higher limit, even more than USD1,000 sometimes.
VMI (Withdrawal USD1,500) fees
Withdrawal from PayPal: Free
Accepted by VMI: USD2.00
ATM Withdrawal: USD5.00 (RM3,000 each withdrawal)
Monthly Fees: USD2.70
Total fees per month: USD9.70 = RM32.003 (rate of 3.299)
Updated:
Al Rajhi (Withdrawal PayPal USD1,500)
Withdrawal from PayPal: USD5.00 * 3 = USD15
Accepted by Al Rajhi: RM1.00 * 3 = RM3.00
ATM Withdrawal: Free (RM10 at other banks ATM)
Monthly Fees: Free
Total fees per month: USD15.00 = RM49.485 (rate of 3.299) + RM3.00
Did I miss out any fees for VMI or Al Rajhi? Can someone send me send me how much we are charged for using Al Rajhi debit card?
14 Comments Received
November 1st, 2007 @11:53 am
Thanks for the link
There’s no fee to own Al Rajhi except for the low xrate. No monthly fee, no annual fee.
They will only charge you if the withdrawal is made at other banks. Since they r not under MEPS yet, RM10 per transaction.
November 1st, 2007 @12:52 pm
All I know is Paypal charges me USD5 per withdrawals.
November 1st, 2007 @9:01 pm
sorry, miss out one. there’s a RM1 transaction fee per transfer from paypal to alrajhi
November 1st, 2007 @10:46 pm
so I guess the fees can be summarize as this for Al Rajhi debit card usage
Al Rajhi (Withdrawal PayPal USD1,500)
Withdrawal from PayPal: USD5.00 * 3 = USD15
Accepted by Al Rajhi: RM1.00 * 3 = RM3.00
ATM Withdrawal: Free (RM10 at other banks ATM)
Monthly Fees: Free
Total fees per month: USD15.00 = RM49.485 (rate of 3.299) + RM3.00
January 27th, 2008 @2:01 pm
Now, Paypal is the best way for me to accept all money from worldwide.
January 30th, 2008 @3:37 pm
yes, i’m talking about withdrawing from paypal and not receiving…
February 6th, 2008 @6:38 pm
i have a alrahji debit card but the problem is i cant tag my card to paypal.. paypal cant verify the card.. any idea?
thanks guy
February 8th, 2008 @6:12 pm
i use PB DB card. its absolutely rawk.
rizal: you need to add $$ to your bank for paypal verification.
February 14th, 2008 @11:40 am
rizal: paypal can’t verify your card? did you missed out on some steps? check out some of the blogs listed above for the steps on verifying your debit card.
harapa: that is great. i’m still using VMI as usual. haven’t use my al rahji card yet even though i have one.
February 15th, 2008 @12:24 pm
I use alrahji card to withdraw my fund…so far no problem..but you can’t use it to verify your paypal…so can use to withdraw but not for verify.
dynn’s last blog post..US College
February 23rd, 2008 @5:04 pm
Are you they will charge you RM 1 for every transaction ? i did 4 transactions but only 1 ringgit has been deducted from my account. Untill now only one transaction gone through to my account and im still waiting for the otr three to clear up.
February 25th, 2008 @2:50 pm
azam, al rajhi seems to have remove the RM1.00 charge. how long have you been waiting for the payment to get through?
March 2nd, 2008 @2:58 pm
Hai…just nak make sure, since skrg saya dah ada al rajhi dc, tapi betul ke mmg xleh verify paypal? kalau betul, perlu ke saya apply for vcc? ok ke pakai vcc? paypal takkan freeze ke a/c tu nanti? maaf, anak cucu tumpang belajar, baru nak berjinak dengam im…
regards,
joharin
March 10th, 2008 @2:57 pm
joharin:
VMI has changed their routing number and since then, we can no longer withdraw from PayPal to VMI. Please do not get it as you will be wasting your time. I’m now using the AlRajhi Debit Card for my PayPal withdrawals.
As for the verification part, are you trying to verify your PayPal account? I had my PayPal verified with my credit card. It should work the same for debit card. There must be something miss out from your steps.
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