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: Feb 20, 2024-Feb 27, 2024
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)Total cost (USD)
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
14.953.99
10.22
Percentage difference between market reference rate 32.00 and exchange rate charged 28.73
10.22
12.2112.21
91.5824.42
TeleMoney
Firm type: Money Transfer Operator
Payment instrument
Access point
Agent
Sending network coverage
High
Receiving method
Agent
High
17.004.53
2.35
Percentage difference between market reference rate 32.00 and exchange rate charged 31.25
2.35
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
High
17.254.60
10.04
Percentage difference between market reference rate 32.00 and exchange rate charged 28.79
10.04
12.3412.34
92.5524.68
STC Pay
Firm type: Money Transfer Operator
Payment instrument
Access point
Mobile phone
Sending network coverage
High
Receiving method
Medium
17.254.60
10.13
Percentage difference between market reference rate 32.00 and exchange rate charged 28.76
10.13
12.4312.43
93.2324.86
STC Pay
Firm type: Money Transfer Operator
Payment instrument
Access point
Mobile phone
Sending network coverage
High
Receiving method
Medium
17.254.60
10.04
Percentage difference between market reference rate 32.00 and exchange rate charged 28.79
10.04
12.3412.34
92.5524.68
Western Union
Firm type: Money Transfer Operator
Payment instrument
Access point
Agent
Sending network coverage
High
Receiving method
Agent
High
17.254.60
9.68
Percentage difference between market reference rate 32.00 and exchange rate charged 28.90
9.68
11.9811.98
89.8523.96
Al-Rajhi Bank
Firm type: Bank
Payment instrument
Access point
Bank branch
Sending network coverage
Medium
Receiving method
High
75.0020.00
4.35
Percentage difference between market reference rate 32.00 and exchange rate charged 30.61
4.35
14.3514.35
107.6328.70
Bank Albilad
Firm type: Bank
Payment instrument
Access point
Bank branch
Sending network coverage
Medium
Receiving method
Medium
75.0020.00
5.54
Percentage difference between market reference rate 32.00 and exchange rate charged 30.23
5.54
15.5415.54
116.5531.08
Total Average First Quarter
11.9811.98
Total Average Fourth Quarter 2023
14.6514.65
Total Average
Fee
31.378.37
Exchange Rate Margin (%)
7.797.79
Total Cost Percent (%)
11.9811.98
Total Cost (SAR) Total Cost (USD)
89.8223.95
Non-Transparent records
Bank account transfer Mobile money Cash
Same day Next day
Bank account Cash Mobile wallet
Payment instrument
Access point
Sending network coverage
Receiving method
TeleMoney
Firm type: Money Transfer Operator
Payment instrument
Access point
Agent
Sending network coverage
High
Receiving method
Agent
High
17.004.55
2.35
Percentage difference between market reference rate 32.00 and exchange rate charged 31.25
2.35
3.263.26
60.9616.30
Western Union
Firm type: Money Transfer Operator
Payment instrument
Access point
Agent
Sending network coverage
High
Receiving method
Agent
High
17.254.61
9.68
Percentage difference between market reference rate 32.00 and exchange rate charged 28.90
9.68
10.6010.60
198.2253.00
MoneyGram
Firm type: Money Transfer Operator
Payment instrument
Access point
Agent
Sending network coverage
High
Receiving method
Agent
High
14.954.00
10.22
Percentage difference between market reference rate 32.00 and exchange rate charged 28.73
10.22
11.0211.02
206.0755.10
STC Pay
Firm type: Money Transfer Operator
Payment instrument
Access point
Mobile phone
Sending network coverage
High
Receiving method
High
17.254.61
10.13
Percentage difference between market reference rate 32.00 and exchange rate charged 28.76
10.13
11.0511.05
206.6455.25
STC Pay
Firm type: Money Transfer Operator
Payment instrument
Access point
Mobile phone
Sending network coverage
High
Receiving method
Medium
17.254.61
10.11
Percentage difference between market reference rate 32.00 and exchange rate charged 28.77
10.11
11.0311.03
206.2655.15
STC Pay
Firm type: Money Transfer Operator
Payment instrument
Access point
Mobile phone
Sending network coverage
High
Receiving method
Medium
17.254.61
10.13
Percentage difference between market reference rate 32.00 and exchange rate charged 28.76
10.13
11.0511.05
206.6455.25
Al-Rajhi Bank
Firm type: Bank
Payment instrument
Access point
Bank branch
Sending network coverage
Medium
Receiving method
High
75.0020.05
4.35
Percentage difference between market reference rate 32.00 and exchange rate charged 30.61
4.35
8.368.36
156.3341.80
Bank Albilad
Firm type: Bank
Payment instrument
Access point
Bank branch
Sending network coverage
Medium
Receiving method
Medium
75.0020.05
5.54
Percentage difference between market reference rate 32.00 and exchange rate charged 30.23
5.54
9.559.55
178.5947.75
Total Average First Quarter
9.499.49
Total Average Fourth Quarter 2023
12.9112.91
Total Average
Fee
31.378.39
Exchange Rate Margin (%)
7.817.81
Total Cost Percent (%)
9.499.49
Total Cost (SAR) Total Cost (USD)
177.4647.45
Non-Transparent records
Bank account transfer Mobile money Cash
Same day Next day
Bank account Cash Mobile wallet