Your complete guide to deposit SAR in your account without paying FX fees in KSA

Globally, banks have begun offering services to crypto platforms and indeed, these initiatives have helped us get a UAE bank account, making us the first and only crypto-asset exchange with local funding features.

There are many perks to having a local bank account. For instance, you can directly deposit SAR into your BitOasis account by adding our new local bank account as a beneficiary. 

This dramatically reduces transaction fees, processing times and allows you to pay zero fees for deposits and withdrawals. In other words: KSA customers will no longer need to use our old international bank account for fund transfers that typically include foreign exchange fees. 

As with any new process, there are certain ins and outs of this payment method that we want to share with you, so that you can get the most out of it.

For starters, we’re test-launching wire transfers through our UAE bank account for all our customers in KSA. We recommend that our customers in KSA try out this new funding process and add our account as a beneficiary. To do   that, here are the bank details you need:  

  1. Beneficiary Name: DUPS TECH FZE
  2. Account Number: 11100467054
  3. IBAN: AE570570000011100467054
  4. Swift: AJMNAEAJ

Now, about that bonus…

We want to reward you for trying out our UAE bank account to make successful deposits. When you make a one-time, minimum deposit of SAR 500 will earn you SAR 200! You can even try to make a one-time, minimum deposit of AED 500 to earn AED 200! This limited-time reward will be credited to your BitOasis account upon completing your deposit! 

So don’t miss out! 

Disclosure: Making a deposit to our Swiss entity is still possible, however, wire transfers to our international bank account (Incore Bank) in Switzerland are no longer eligible for zero foreign exchange fees. In the event that your deposit doesn’t go through, please try to deposit using another bank account, or deposit with the credit card option. Deposits depend solely on your bank’s discretion. Your bank will refund the payment if the amount doesn’t go through.