Remittance Prices Worldwide

MAKING MARKETS MORE TRANSPARENT

From SASaudi Arabia you can also send money to

Sending money from SAUDI ARABIA to INDIA

Data collected on: Feb 28, 2022-Mar 09, 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.
Fawri
Firm type: Money Transfer Operator
Payment instrument
Access point
Internet
Sending network coverage
High
Receiving method
High
10.002.67
1.50
Percentage difference between market reference rate 20.18 and exchange rate charged 19.88
1.50
2.832.83
21.235.66
Fawri
Firm type: Money Transfer Operator
Payment instrument
Access point
Agent
Sending network coverage
Medium
Receiving method
Agent
High
19.005.07
0.37
Percentage difference between market reference rate 20.08 and exchange rate charged 20.00
0.37
2.912.91
21.835.82
Enjaz Bank
Firm type: Bank
Payment instrument
Access point
Bank branch, Call Center
Sending network coverage
Medium
Receiving method
High
15.004.00
1.48
Percentage difference between market reference rate 19.89 and exchange rate charged 19.60
1.48
3.483.48
26.106.96
Western Union
Firm type: Money Transfer Operator
Payment instrument
Access point
Agent
Sending network coverage
High
Receiving method
Agent
High
17.254.60
1.71
Percentage difference between market reference rate 20.13 and exchange rate charged 19.79
1.71
4.014.01
30.088.02
STC Pay
Firm type: Money Transfer Operator
Payment instrument
Access point
Mobile phone
Sending network coverage
High
Receiving method
High
15.004.00
2.04
Percentage difference between market reference rate 20.13 and exchange rate charged 19.72
2.04
4.044.04
30.308.08
STC Pay
Firm type: Money Transfer Operator
Payment instrument
Access point
Mobile phone
Sending network coverage
High
Receiving method
High
15.004.00
2.18
Percentage difference between market reference rate 20.13 and exchange rate charged 19.69
2.18
4.184.18
31.358.36
Fawri
Firm type: Money Transfer Operator
Payment instrument
Access point
Agent
Sending network coverage
Medium
Receiving method
High
16.004.27
2.23
Percentage difference between market reference rate 20.25 and exchange rate charged 19.80
2.23
4.364.36
32.708.72
MoneyGram
Firm type: Money Transfer Operator
Payment instrument
Access point
Agent
Sending network coverage
High
Receiving method
Agent
High
20.005.33
1.78
Percentage difference between market reference rate 20.20 and exchange rate charged 19.84
1.78
4.444.44
33.308.88
Fawri
Firm type: Money Transfer Operator
Payment instrument
Access point
Agent
Sending network coverage
Medium
Receiving method
High
19.005.07
2.95
Percentage difference between market reference rate 20.50 and exchange rate charged 19.90
2.95
5.485.48
41.1010.96
TeleMoney
Firm type: Money Transfer Operator
Payment instrument
Access point
Agent
Sending network coverage
High
Receiving method
Agent
High
26.006.93
2.66
Percentage difference between market reference rate 20.24 and exchange rate charged 19.70
2.66
6.136.13
45.9812.26
Al-Rajhi Bank
Firm type: Bank
Payment instrument
Access point
Bank branch, Call Center
Sending network coverage
Medium
Receiving method
High
25.006.67
3.25
Percentage difference between market reference rate 20.22 and exchange rate charged 19.56
3.25
6.586.58
49.3513.16
Total Average First Quarter
4.404.40
Total Average Fourth Quarter 2021
4.164.16
Total Average
Fee
17.934.78
Exchange Rate Margin (%)
2.012.01
Total Cost Percent (%)
4.404.40
Total Cost (SAR) Total Cost (USD)
33.038.81
Non-Transparent records
Bank account transfer Mobile money Cash
Same day 2 days
Bank account Cash
Payment instrument
Access point
Sending network coverage
Receiving method
Fawri
Firm type: Money Transfer Operator
Payment instrument
Access point
Agent
Sending network coverage
Medium
Receiving method
Agent
High
19.005.08
0.37
Percentage difference between market reference rate 20.08 and exchange rate charged 20.00
0.37
1.391.39
25.996.95
Fawri
Firm type: Money Transfer Operator
Payment instrument
Access point
Internet
Sending network coverage
High
Receiving method
High
10.002.67
1.50
Percentage difference between market reference rate 20.18 and exchange rate charged 19.88
1.50
2.042.04
38.1510.20
Western Union
Firm type: Money Transfer Operator
Payment instrument
Access point
Agent
Sending network coverage
High
Receiving method
Agent
High
17.254.61
1.71
Percentage difference between market reference rate 20.13 and exchange rate charged 19.79
1.71
2.632.63
49.1813.15
Enjaz Bank
Firm type: Bank
Payment instrument
Access point
Bank branch, Call Center
Sending network coverage
Medium
Receiving method
High
25.006.68
1.48
Percentage difference between market reference rate 19.89 and exchange rate charged 19.60
1.48
2.822.82
52.7314.10
STC Pay
Firm type: Money Transfer Operator
Payment instrument
Access point
Mobile phone
Sending network coverage
High
Receiving method
High
15.004.01
2.04
Percentage difference between market reference rate 20.13 and exchange rate charged 19.72
2.04
2.842.84
53.1114.20
MoneyGram
Firm type: Money Transfer Operator
Payment instrument
Access point
Agent
Sending network coverage
High
Receiving method
Agent
High
20.005.35
1.78
Percentage difference between market reference rate 20.20 and exchange rate charged 19.84
1.78
2.852.85
53.3014.25
STC Pay
Firm type: Money Transfer Operator
Payment instrument
Access point
Mobile phone
Sending network coverage
High
Receiving method
High
15.004.01
2.18
Percentage difference between market reference rate 20.13 and exchange rate charged 19.69
2.18
2.992.99
55.9114.95
Fawri
Firm type: Money Transfer Operator
Payment instrument
Access point
Agent
Sending network coverage
Medium
Receiving method
High
16.004.28
2.23
Percentage difference between market reference rate 20.25 and exchange rate charged 19.80
2.23
3.093.09
57.7815.45
Fawri
Firm type: Money Transfer Operator
Payment instrument
Access point
Agent
Sending network coverage
Medium
Receiving method
High
19.005.08
2.95
Percentage difference between market reference rate 20.50 and exchange rate charged 19.90
2.95
3.963.96
74.0519.80
TeleMoney
Firm type: Money Transfer Operator
Payment instrument
Access point
Agent
Sending network coverage
High
Receiving method
Agent
High
26.006.95
2.66
Percentage difference between market reference rate 20.24 and exchange rate charged 19.70
2.66
4.054.05
75.7420.25
Al-Rajhi Bank
Firm type: Bank
Payment instrument
Access point
Bank branch, Call Center
Sending network coverage
Medium
Receiving method
High
25.006.68
3.25
Percentage difference between market reference rate 20.22 and exchange rate charged 19.56
3.25
4.594.59
85.8322.95
Total Average First Quarter
3.023.02
Total Average Fourth Quarter 2021
2.532.53
Total Average
Fee
18.845.04
Exchange Rate Margin (%)
2.012.01
Total Cost Percent (%)
3.023.02
Total Cost (SAR) Total Cost (USD)
56.5215.11
Non-Transparent records
Bank account transfer Mobile money Cash
Same day 2 days
Bank account Cash