Find out how to transfer money to Saudi Arabia at the most competitive cost in 4 easy steps
Even though the evolution of the exchange rate is unforseeable, it never hurts to monitor it in order to maximize how much the receiver of the transfer will get. Keep an eye on the exchange rate and send the money at a favorable moment.
Based on which criteria will make your choice? Total cost, speed, number of positive evaluations? Examine the advantages and disadvantages before making your choice.
It is also interesting to have a look at the pay-in and pay-out methods. Providers often give you the option to pay for your transfer by sending the money from your e-banking or by cards (credit or debit). To receive the money in Saudi Arabia, choose if you need the converted amount to be deposited on a local bank account or received in cash (from an agent location).
Now is the time to sign up on the money transfer provider's online portal - be prepared to provide an ID document and/or a proof of adress - and configure your transfer to Saudi Arabia.