FAQ About Sending Money to Saudi Arabia

• What's the cheapest way to send money to Saudi Arabia?

  The cheapest way to send money to Saudi Arabia is through an online provider. Among the 30 available, Paysend was most often the cheapest provider (in 41.0% of the searches on Monito.com in the past 3 months).

• What are the best providers to send money to Saudi Arabia?

  Here are the providers that were the most often the cheapest in the comparisons of the past 3 months on Monito.com:

  • Paysend (cheapest in 41.0% of the searches)
  • Remitout (cheapest in 18.8% of the searches)
  • Remitly (cheapest in 14.1% of the searches)
• How much does it cost to send money to Saudi Arabia?

  If you send money with the cheapest available provider, the total cost of a transfer to SAR was 4.6% of the transfer amount (including all fees and exchange rates) over the past month. Of course, this figure will vary based on the sending country, the pay-in and pay-out options

  In contrast, the cost of the most expensive option was 12.4% on average.

• What is the cost of making an international transfer to Saudi Arabia using my bank?

  The average total cost (including hidden exchange rate markups) of making a transfer to Saudi Arabia with banks compared by Monito.com during the past months was 13.9% of the transfer amount. This is 3.0x more expensive than sending money with the cheapest online provider alternative.

• Is Western Union good for sending money to Saudi Arabia?

  Western Union is a popular provider with the biggest agent location network. The average cost of online money transfers to Saudi Arabia with Western Union* is 5.3% of the amount you send, whereas the cheapest online services have an average cost of 4.6%. Remitly is the provider that is most often the cheapest for money transfers to a cash pick-up location in Saudi Arabia.
  
  *Sending money from physical agent locations with Western Union is usually much more expensive than using their online service.

• What's the cheapest cash pick-up provider in Saudi Arabia?

  Over the past three months, the provider that was most often the cheapest for cash pick-up transfers in Saudi Arabia was Remitly, with an average cost of 1.9% of the amount you send (which includes fees and exchange rate margins).
  
  The average total cost to send to a bank account rather than a pick-up location during the same period was 7.0%. TransferGo was the provider most often the cheapest for transfers to bank accounts in Saudi Arabia.

• What is the fastest option to send money to Saudi Arabia?

  The provider that was most often the fastest on Monito's comparisons over the last three3 months was Remitly (average fastest transfer time: Next day)