Transfers | Al Waha Bank

Payment and transfer networks

Approved electronic payment and transfer partners and systems

ONEPAYLocal electronic payments

LYPAYMobile payments

RTGSReal-time settlement

ACHScheduled electronic clearing

SWIFTGlobal international remittances

MoneyGramInstant international cash transfer

Local transfers and payments

Fast, secure local solutions

We provide a range of effective local electronic transfer and payment systems to meet the needs of individuals and businesses.

ONEPAY

ONEPAY is an electronic payment service that lets customers complete financial transactions easily and securely through digital channels, offering a fast, convenient banking experience anytime, anywhere. The service enables payments, transfers and a range of electronic services using the latest security and protection standards.

Key benefits

Pay for purchases at POS terminals and participating merchants.

Complete electronic payments quickly and securely.

Transfer funds between accounts according to available services.

Track financial transactions in real time.

A high level of protection and security for transactions.

Use the service on smart devices.

Subscription terms and documents

Personal ID (valid).

Bank account number with the Bank.

National ID number.

Completed service subscription form.

LYPAY

A mobile payment service that lets you send and receive funds instantly using a phone number, as well as pay for purchases and services without cash.

Key benefits

Instant, secure transfers between service subscribers.

Pay for purchases via QR Code.

Cardless cash withdrawals from the Bank’s ATMs.

Balance and account-activity enquiries.

Top up Almadar and Libyana lines.

Pay public and private utility bills.

Required documents

The subscriber’s current-account number.

A mobile number linked to the national ID number.

The service subscription form.

RTGS

The real-time gross settlement system for large-value and urgent transfers between banks operating in Libya, with immediate and final settlement during official working hours.

Key benefits

Instant transfers with same-day final settlement.

Fast processing of large-value remittances.

A secure operating environment that reduces operational risk.

Transfers to customers at other banks.

Service availability during central clearing system hours.

Instant customer notification when the remittance is executed.

Transaction conditions

Complete the transfer form accurately.

Sufficient balance to cover the remittance amount and commission.

Verify beneficiary details (name and IBAN).

ACH

An electronic clearing system for settling recurring small- and medium-value remittances and payments (such as salaries and scheduled commercial transactions) in defined batches during the day.

Key benefits

An ideal method for salary and bulk payments.

Lower operating cost compared with other systems.

Fast, accurate automated processing of high-volume transfers.

Settlement in regular clearing cycles during the day.

Easy remittance tracking and fewer human errors.

Beneficiary notification when amounts are credited to their accounts.

Transaction conditions

Provide the transfer file in the approved format.

Sufficient balance in the sender’s account.

Match beneficiary details with the accounts.

International transfers

Borderless financial connectivity with the world

Send and receive funds around the world through the best approved international networks and systems.

SWIFT

The global network for secure, reliable financial transfers between banks worldwide, enabling you to transfer funds in any foreign currency to beneficiary accounts in any country.

Key benefits

Send and receive funds in various foreign currencies.

A secure global banking network protected to the highest standards.

Track the remittance via SWIFT GPI.

Settle transfers in accordance with international instructions and agreements.

Customer notification when a remittance is sent or received.

Required documents

The beneficiary’s full name, address and account number (IBAN).

The beneficiary bank’s name, address and SWIFT Code.

Identification of the source of funds and the purpose of the transfer.

Additional supporting documents according to purpose and applicable laws.

MoneyGram

The globally leading service for fast cash transfers, enabling you to send and receive remittances within minutes in more than 200 countries and territories, without needing a bank account.

Key benefits

Instant transfers that take only a few minutes.

A wide worldwide agent network for cash pickup.

No bank account required for sender or beneficiary.

Competitive commissions and clear transfer fees for the sender.

Immediate notification to the sender when the amount is collected.

Multiple payout options (cash or bank account).

Required documents

Valid official personal identification.

Completed send or receive form.

The remittance reference number (when receiving).

The beneficiary’s full name and geographic location.

FAQ about transfers

Quick answers about local and international transfer systems.

ACH is used for non-urgent, scheduled transfers (such as salaries and bills) and is processed in batches, while RTGS is used for instant, high-value transfers that require real-time settlement.

Yes. LYPAY lets you send and receive funds instantly using a mobile number linked to the bank account, without needing to know the account number.

SWIFT transfers usually take one to three business days to reach the beneficiary’s account. The exact time depends on the correspondent bank and the destination country.

Yes. The beneficiary can collect cash from any MoneyGram agent worldwide using the remittance reference number and personal identification, without needing a bank account.

It is an electronic payment service that lets you make local payments and transfers, and pay for purchases at POS terminals and participating merchants, quickly and securely.

Start your banking experience with Al Waha Bank

Whether you are looking for a personal account, a payment card, a transfer service, financing for your project, or digital solutions to manage your business, Al Waha Bank offers a range of services designed to support your needs.

Payment and transfer networks

Approved electronic payment and transfer partners and systems

ONEPAYLocal electronic payments

LYPAYMobile payments

RTGSReal-time settlement

ACHScheduled electronic clearing

SWIFTGlobal international remittances

MoneyGramInstant international cash transfer

Local transfers and payments

Fast, secure local solutions

We provide a range of effective local electronic transfer and payment systems to meet the needs of individuals and businesses.

ONEPAY

Key benefits

Pay for purchases at POS terminals and participating merchants.

Complete electronic payments quickly and securely.

Transfer funds between accounts according to available services.

Track financial transactions in real time.

A high level of protection and security for transactions.

Use the service on smart devices.

Subscription terms and documents

Personal ID (valid).

Bank account number with the Bank.

National ID number.

Completed service subscription form.

LYPAY

A mobile payment service that lets you send and receive funds instantly using a phone number, as well as pay for purchases and services without cash.

Key benefits

Instant, secure transfers between service subscribers.

Pay for purchases via QR Code.

Cardless cash withdrawals from the Bank’s ATMs.

Balance and account-activity enquiries.

Top up Almadar and Libyana lines.

Pay public and private utility bills.

Required documents

The subscriber’s current-account number.

A mobile number linked to the national ID number.

The service subscription form.

RTGS

The real-time gross settlement system for large-value and urgent transfers between banks operating in Libya, with immediate and final settlement during official working hours.

Key benefits

Instant transfers with same-day final settlement.

Fast processing of large-value remittances.

A secure operating environment that reduces operational risk.

Transfers to customers at other banks.

Service availability during central clearing system hours.

Instant customer notification when the remittance is executed.

Transaction conditions

Complete the transfer form accurately.

Sufficient balance to cover the remittance amount and commission.

Verify beneficiary details (name and IBAN).

ACH

An electronic clearing system for settling recurring small- and medium-value remittances and payments (such as salaries and scheduled commercial transactions) in defined batches during the day.

Key benefits

An ideal method for salary and bulk payments.

Lower operating cost compared with other systems.

Fast, accurate automated processing of high-volume transfers.

Settlement in regular clearing cycles during the day.

Easy remittance tracking and fewer human errors.

Beneficiary notification when amounts are credited to their accounts.

Transaction conditions

Provide the transfer file in the approved format.

Sufficient balance in the sender’s account.

Match beneficiary details with the accounts.

International transfers

Borderless financial connectivity with the world

Send and receive funds around the world through the best approved international networks and systems.

SWIFT

The global network for secure, reliable financial transfers between banks worldwide, enabling you to transfer funds in any foreign currency to beneficiary accounts in any country.

Key benefits

Send and receive funds in various foreign currencies.

A secure global banking network protected to the highest standards.

Track the remittance via SWIFT GPI.

Settle transfers in accordance with international instructions and agreements.

Customer notification when a remittance is sent or received.

Required documents

The beneficiary’s full name, address and account number (IBAN).

The beneficiary bank’s name, address and SWIFT Code.

Identification of the source of funds and the purpose of the transfer.

Additional supporting documents according to purpose and applicable laws.

MoneyGram

The globally leading service for fast cash transfers, enabling you to send and receive remittances within minutes in more than 200 countries and territories, without needing a bank account.

Key benefits

Instant transfers that take only a few minutes.

A wide worldwide agent network for cash pickup.

No bank account required for sender or beneficiary.

Competitive commissions and clear transfer fees for the sender.

Immediate notification to the sender when the amount is collected.

Multiple payout options (cash or bank account).

Required documents

Valid official personal identification.

Completed send or receive form.

The remittance reference number (when receiving).

The beneficiary’s full name and geographic location.

FAQ about transfers

Quick answers about local and international transfer systems.

ACH is used for non-urgent, scheduled transfers (such as salaries and bills) and is processed in batches, while RTGS is used for instant, high-value transfers that require real-time settlement.

Yes. LYPAY lets you send and receive funds instantly using a mobile number linked to the bank account, without needing to know the account number.

SWIFT transfers usually take one to three business days to reach the beneficiary’s account. The exact time depends on the correspondent bank and the destination country.

Yes. The beneficiary can collect cash from any MoneyGram agent worldwide using the remittance reference number and personal identification, without needing a bank account.

It is an electronic payment service that lets you make local payments and transfers, and pay for purchases at POS terminals and participating merchants, quickly and securely.