Remittance Prices Worldwide

MAKING MARKETS MORE TRANSPARENT

From SASaudi Arabia you can also send money to

Sending money from SAUDI ARABIA to BANGLADESH

Data collected on: Aug 30, 2022-Sep 12, 2022
SAR | USD
Payment instrument
Access point
Sending network coverage
Transfer speed
<em>Transfer Speed</em> has been standardized in six broad categories.
Receiving method
Exchange rate margin (%)
The exchange rate margin is the cost resulting from the fact that the firm applies a rate that is different from the market reference rate. The margin is the percentage difference between the market reference rate and the exchange rate actually applied to the transaction.
Total cost (%)
The total cost of sending a remittance transfer includes: the fee charged to the sender plus the exchange rate margin.
Total cost (SAR)sort descendingTotal cost (USD)sort descending
The total cost of sending a remittance transfer includes: the fee charged to the sender plus the exchange rate margin.
MoneyGram
Firm type: Money Transfer Operator
Payment instrument
Access point
Agent
Sending network coverage
High
Receiving method
Agent
High
11.503.07
2.27
Percentage difference between market reference rate 29.54 and exchange rate charged 28.87
2.27
3.803.80
28.507.60
STC Pay
Firm type: Money Transfer Operator
Payment instrument
Access point
Mobile phone
Sending network coverage
High
Receiving method
Medium
17.254.60
2.32
Percentage difference between market reference rate 29.54 and exchange rate charged 28.86
2.32
4.624.62
34.659.24
STC Pay
Firm type: Money Transfer Operator
Payment instrument
Access point
Mobile phone
Sending network coverage
High
Receiving method
Medium
17.254.60
2.39
Percentage difference between market reference rate 29.54 and exchange rate charged 28.84
2.39
4.694.69
35.189.38
STC Pay
Firm type: Money Transfer Operator
Payment instrument
Access point
Mobile phone
Sending network coverage
High
Receiving method
High
17.254.60
4.11
Percentage difference between market reference rate 29.54 and exchange rate charged 28.33
4.11
6.416.41
48.0812.82
Western Union
Firm type: Money Transfer Operator
Payment instrument
Access point
Agent
Sending network coverage
High
Receiving method
Agent
High
25.006.67
3.70
Percentage difference between market reference rate 29.54 and exchange rate charged 28.45
3.70
7.047.04
52.8014.08
TeleMoney
Firm type: Money Transfer Operator
Payment instrument
Access point
Agent
Sending network coverage
High
Receiving method
Agent
High
26.006.93
4.98
Percentage difference between market reference rate 29.54 and exchange rate charged 28.07
4.98
8.448.44
63.3016.88
Al-Rajhi Bank
Firm type: Bank
Payment instrument
Access point
Bank branch, Call Center
Sending network coverage
Medium
Receiving method
High
15.004.00
10.71
Percentage difference between market reference rate 29.54 and exchange rate charged 26.38
10.71
12.7112.71
95.3325.42
Bank Albilad
Firm type: Bank
Payment instrument
Access point
Bank branch
Sending network coverage
Medium
Receiving method
High
75.0020.00
2.99
Percentage difference between market reference rate 29.54 and exchange rate charged 28.66
2.99
12.9912.99
97.4325.98
Total Average Third Quarter
7.597.59
Total Average Second Quarter
2.912.91
Total Average
Fee
25.536.81
Exchange Rate Margin (%)
4.184.18
Total Cost Percent (%)
7.597.59
Total Cost (SAR) Total Cost (USD)
56.9115.18
Non-Transparent records
Bank account transfer Mobile money Cash
Less than one hour Same day Next day
Bank account Cash Mobile wallet
Payment instrument
Access point
Sending network coverage
Receiving method
MoneyGram
Firm type: Money Transfer Operator
Payment instrument
Access point
Agent
Sending network coverage
High
Receiving method
Agent
High
17.254.61
2.27
Percentage difference between market reference rate 29.54 and exchange rate charged 28.87
2.27
3.193.19
59.6515.95
STC Pay
Firm type: Money Transfer Operator
Payment instrument
Access point
Mobile phone
Sending network coverage
High
Receiving method
Medium
17.254.61
2.39
Percentage difference between market reference rate 29.54 and exchange rate charged 28.84
2.39
3.313.31
61.9016.55
STC Pay
Firm type: Money Transfer Operator
Payment instrument
Access point
Mobile phone
Sending network coverage
High
Receiving method
Medium
17.254.61
2.42
Percentage difference between market reference rate 29.54 and exchange rate charged 28.83
2.42
3.343.34
62.4616.70
Western Union
Firm type: Money Transfer Operator
Payment instrument
Access point
Agent
Sending network coverage
High
Receiving method
Agent
High
25.006.68
3.70
Percentage difference between market reference rate 29.54 and exchange rate charged 28.45
3.70
5.045.04
94.2525.20
STC Pay
Firm type: Money Transfer Operator
Payment instrument
Access point
Mobile phone
Sending network coverage
High
Receiving method
High
17.254.61
4.21
Percentage difference between market reference rate 29.54 and exchange rate charged 28.30
4.21
5.145.14
96.1225.70
TeleMoney
Firm type: Money Transfer Operator
Payment instrument
Access point
Agent
Sending network coverage
High
Receiving method
Agent
High
26.006.95
4.98
Percentage difference between market reference rate 29.54 and exchange rate charged 28.07
4.98
6.376.37
119.1231.85
Bank Albilad
Firm type: Bank
Payment instrument
Access point
Bank branch
Sending network coverage
Medium
Receiving method
High
75.0020.05
2.99
Percentage difference between market reference rate 29.54 and exchange rate charged 28.66
2.99
7.017.01
131.0935.05
Al-Rajhi Bank
Firm type: Bank
Payment instrument
Access point
Bank branch, Call Center
Sending network coverage
Medium
Receiving method
High
25.006.68
10.71
Percentage difference between market reference rate 29.54 and exchange rate charged 26.38
10.71
12.0512.05
225.3460.25
Total Average Third Quarter
5.685.68
Total Average Second Quarter
1.291.29
Total Average
Fee
27.507.35
Exchange Rate Margin (%)
4.214.21
Total Cost Percent (%)
5.685.68
Total Cost (SAR) Total Cost (USD)
106.2428.41
Non-Transparent records
Bank account transfer Mobile money Cash
Less than one hour Same day Next day
Bank account Cash Mobile wallet