Thank you, you should receieve a reply shortly.
Submit your details above and we will contact you with a competitive exchange rate from an FCA-regulated specialist
Submit
  • Pound up after sterling May speech

    23 January 2017

    It was an exciting and action-packed last week for investors and traders alike, not only here in the UK but also across the pond.

  • Attention turns to the Bank of England today

    03 November 2016

    Yesterday was a relatively quiet day in the way of data, the morning posted a positive October figure of 53.5 for EUR Markit Manufacturing PMI...

  • Euro rates through 2015

    02 December 2015

    The year of 2015 has been extremely volatile for the sterling - euro currency pair exchange rates. At the start of the year, in January, one Pound was worth just over 1.27 Euros - 14 cents lower than now as we head into the last month of the year.

Saudi Arabia Money Transfers

Transfering money to Saudi Arabia, whether for emigration, imports, or sending money to a family member, using a regulated currency broker is fast, simple and safe. For a live quote on your money transfer, fill in your details on the form above and an FSA-regulated currency company will be in touch.

Making Saudi Money Transfers

Bank Details Required

You will need the following information to make a money transfer to Saudi Arabia:

  • Beneficiary name
  • Account Number
  • Swift Code
  • Bank name

Transfer Time for Saudi Money Transfers

Saudi money transfers are usually received the day after transmission. If you are using a currency company for sending money to Saudi Arabia, you should find funds arrive the next day after you have settled in sterling with your provider. In some cases Saudi banks may take one extra day to physically clear funds to the final beneficiary account.

 

Charges and Exchange Rates

The cost of international money transfers can be broken down into 2 sections: transfer charges, and exchange rates. Banks normally charge around £30 for a transfer, and also make up to 4% by 'loading' the exchange rate applied to a transaction.

 

Both these costs can be reduced by using a currency broker. Usually transfer charges are much less (or free), and the exchange rate should be much closer to the market rate. Please see our dedicated page on Saudi Riyal exchange rates for more information, or you may be asked to make payment to Saudi Arabia in US Dollars - either way you can save money by using a currency broker in the UK - just complete your details at the top of the page and we will put you in touch with one.

 

There may also be a small charge made by the receiving bank, to process and credit the payment to the Saudi bank account, and/or the routing bank, which is an intermediary used to route the payment through the international banking network to the recipient bank.