Remittance Prices Worldwide

MAKING MARKETS MORE TRANSPARENT

From SASaudi Arabia you can also send money to
Transfer money

Sending money from SAUDI ARABIA to NEPAL

Data collected on: Feb 27, 2023-Mar 05, 2023
SAR | USD
Firm
Payment instrument
Access point
Sending network coverage
Transfer speed
<em>Transfer Speed</em> has been standardized in six broad categories.
Receiving method
Disbursing network coverage
Fee
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.
Firm
Al-Rajhi Bank
Firm type: Bank
 
Payment instrument
Access point
Call Center
Sending network coverage
Medium
Transfer speed
Receiving method
Disbursing network coverage
Medium
Fee
15.004.00
Exchange rate margin (%)
-0.54
Percentage difference between market reference rate 34.84 and exchange rate charged 35.03-0.54
Total cost (%)
1.461.46
Total cost (SAR)sort descendingTotal cost (USD)sort descending
10.952.92
Firm
Al-Rajhi Bank
Firm type: Bank
 
Payment instrument
Access point
Bank branch
Sending network coverage
Medium
Transfer speed
Receiving method
Disbursing network coverage
Medium
Fee
15.004.00
Exchange rate margin (%)
-0.53
Percentage difference between market reference rate 34.85 and exchange rate charged 35.03-0.53
Total cost (%)
1.471.47
Total cost (SAR)sort descendingTotal cost (USD)sort descending
11.032.94
Firm
Western Union
Firm type: Money Transfer Operator
 
Payment instrument
Access point
Agent
Sending network coverage
High
Transfer speed
Receiving method
Agent
Disbursing network coverage
High
Fee
17.254.60
Exchange rate margin (%)
0.55
Percentage difference between market reference rate 35.25 and exchange rate charged 35.050.55
Total cost (%)
2.852.85
Total cost (SAR)sort descendingTotal cost (USD)sort descending
21.385.70
Firm
STC Pay
Firm type: Money Transfer Operator
 
Payment instrument
Access point
Mobile phone
Sending network coverage
High
Transfer speed
Receiving method
Disbursing network coverage
Medium
Fee
17.254.60
Exchange rate margin (%)
0.82
Percentage difference between market reference rate 35.18 and exchange rate charged 34.890.82
Total cost (%)
3.123.12
Total cost (SAR)sort descendingTotal cost (USD)sort descending
23.406.24
Firm
STC Pay
Firm type: Money Transfer Operator
 
Payment instrument
Access point
Mobile phone
Sending network coverage
High
Transfer speed
Receiving method
Disbursing network coverage
High
Fee
17.254.60
Exchange rate margin (%)
0.82
Percentage difference between market reference rate 35.18 and exchange rate charged 34.890.82
Total cost (%)
3.123.12
Total cost (SAR)sort descendingTotal cost (USD)sort descending
23.406.24
Firm
Fawri
Firm type: Money Transfer Operator
 
Payment instrument
Access point
Agent
Sending network coverage
Medium
Transfer speed
Receiving method
Agent
Disbursing network coverage
High
Fee
19.005.07
Exchange rate margin (%)
0.76
Percentage difference between market reference rate 35.25 and exchange rate charged 34.980.76
Total cost (%)
3.293.29
Total cost (SAR)sort descendingTotal cost (USD)sort descending
24.686.58
Firm
Fawri
Firm type: Money Transfer Operator
 
Payment instrument
Access point
Agent
Sending network coverage
Medium
Transfer speed
Receiving method
Disbursing network coverage
Medium
Fee
19.005.07
Exchange rate margin (%)
0.76
Percentage difference between market reference rate 35.25 and exchange rate charged 34.980.76
Total cost (%)
3.293.29
Total cost (SAR)sort descendingTotal cost (USD)sort descending
24.686.58
Firm
Fawri
Firm type: Money Transfer Operator
 
Payment instrument
Access point
Agent
Sending network coverage
Medium
Transfer speed
Receiving method
Disbursing network coverage
Medium
Fee
19.005.07
Exchange rate margin (%)
0.76
Percentage difference between market reference rate 35.25 and exchange rate charged 34.980.76
Total cost (%)
3.293.29
Total cost (SAR)sort descendingTotal cost (USD)sort descending
24.686.58
Firm
Fawri
Firm type: Money Transfer Operator
 
Payment instrument
Access point
Internet
Sending network coverage
High
Transfer speed
Receiving method
Disbursing network coverage
Medium
Fee
21.855.83
Exchange rate margin (%)
0.99
Percentage difference between market reference rate 35.25 and exchange rate charged 34.900.99
Total cost (%)
3.903.90
Total cost (SAR)sort descendingTotal cost (USD)sort descending
29.257.80
Firm
MoneyGram
Firm type: Money Transfer Operator
 
Payment instrument
Access point
Agent
Sending network coverage
High
Transfer speed
Receiving method
Agent
Disbursing network coverage
High
Fee
21.005.60
Exchange rate margin (%)
1.38
Percentage difference between market reference rate 35.25 and exchange rate charged 34.761.38
Total cost (%)
4.184.18
Total cost (SAR)sort descendingTotal cost (USD)sort descending
31.358.36
Firm
TeleMoney
Firm type: Money Transfer Operator
 
Payment instrument
Access point
Agent
Sending network coverage
High
Transfer speed
Receiving method
Agent
Disbursing network coverage
High
Fee
26.006.93
Exchange rate margin (%)
0.80
Percentage difference between market reference rate 34.83 and exchange rate charged 34.550.80
Total cost (%)
4.274.27
Total cost (SAR)sort descendingTotal cost (USD)sort descending
32.038.54
Firm
Bank Albilad
Firm type: Bank
 
Payment instrument
Access point
Bank branch
Sending network coverage
Medium
Transfer speed
Receiving method
Bank branch
Disbursing network coverage
Medium
Fee
75.0020.00
Exchange rate margin (%)
-0.07
Percentage difference between market reference rate 34.87 and exchange rate charged 34.89-0.07
Total cost (%)
9.939.93
Total cost (SAR)sort descendingTotal cost (USD)sort descending
74.4819.86
Total Average First Quarter
3.683.68
Total Average Fourth Quarter 2022
4.144.14
Total Average
Fee
23.556.28
Exchange Rate Margin (%)
0.540.54
Total Cost Percent (%)
3.683.68
Total Cost (SAR) Total Cost (USD)
27.617.36
Non-Transparent records
Bank account transfer Mobile money Cash
Same day
Bank account Cash
Firm
Payment instrument
Access point
Sending network coverage
Transfer speed
Receiving method
Disbursing network coverage
Fee
Exchange rate margin (%)
Total cost (%)
Total cost (SAR)sort descendingTotal cost (USD)sort descending
Firm
Al-Rajhi Bank
Firm type: Bank
 
Payment instrument
Access point
Call Center
Sending network coverage
Medium
Transfer speed
Receiving method
Disbursing network coverage
Medium
Fee
25.006.68
Exchange rate margin (%)
-0.54
Percentage difference between market reference rate 34.84 and exchange rate charged 35.03-0.54
Total cost (%)
0.800.80
Total cost (SAR)sort descendingTotal cost (USD)sort descending
14.964.00
Firm
Al-Rajhi Bank
Firm type: Bank
 
Payment instrument
Access point
Bank branch
Sending network coverage
Medium
Transfer speed
Receiving method
Disbursing network coverage
Medium
Fee
25.006.68
Exchange rate margin (%)
-0.53
Percentage difference between market reference rate 34.85 and exchange rate charged 35.03-0.53
Total cost (%)
0.810.81
Total cost (SAR)sort descendingTotal cost (USD)sort descending
15.154.05
Firm
Western Union
Firm type: Money Transfer Operator
 
Payment instrument
Access point
Agent
Sending network coverage
High
Transfer speed
Receiving method
Agent
Disbursing network coverage
High
Fee
17.254.61
Exchange rate margin (%)
0.55
Percentage difference between market reference rate 35.25 and exchange rate charged 35.050.55
Total cost (%)
1.471.47
Total cost (SAR)sort descendingTotal cost (USD)sort descending
27.497.35
Firm
STC Pay
Firm type: Money Transfer Operator
 
Payment instrument
Access point
Mobile phone
Sending network coverage
High
Transfer speed
Receiving method
Disbursing network coverage
Medium
Fee
17.254.61
Exchange rate margin (%)
0.82
Percentage difference between market reference rate 35.18 and exchange rate charged 34.890.82
Total cost (%)
1.741.74
Total cost (SAR)sort descendingTotal cost (USD)sort descending
32.548.70
Firm
STC Pay
Firm type: Money Transfer Operator
 
Payment instrument
Access point
Mobile phone
Sending network coverage
High
Transfer speed
Receiving method
Disbursing network coverage
High
Fee
17.254.61
Exchange rate margin (%)
0.82
Percentage difference between market reference rate 35.18 and exchange rate charged 34.890.82
Total cost (%)
1.741.74
Total cost (SAR)sort descendingTotal cost (USD)sort descending
32.548.70
Firm
Fawri
Firm type: Money Transfer Operator
 
Payment instrument
Access point
Agent
Sending network coverage
Medium
Transfer speed
Receiving method
Disbursing network coverage
Medium
Fee
19.005.08
Exchange rate margin (%)
0.76
Percentage difference between market reference rate 35.25 and exchange rate charged 34.980.76
Total cost (%)
1.781.78
Total cost (SAR)sort descendingTotal cost (USD)sort descending
33.298.90
Firm
Fawri
Firm type: Money Transfer Operator
 
Payment instrument
Access point
Agent
Sending network coverage
Medium
Transfer speed
Receiving method
Disbursing network coverage
Medium
Fee
19.005.08
Exchange rate margin (%)
0.76
Percentage difference between market reference rate 35.25 and exchange rate charged 34.980.76
Total cost (%)
1.781.78
Total cost (SAR)sort descendingTotal cost (USD)sort descending
33.298.90
Firm
Fawri
Firm type: Money Transfer Operator
 
Payment instrument
Access point
Agent
Sending network coverage
Medium
Transfer speed
Receiving method
Agent
Disbursing network coverage
High
Fee
19.005.08
Exchange rate margin (%)
0.76
Percentage difference between market reference rate 35.25 and exchange rate charged 34.980.76
Total cost (%)
1.781.78
Total cost (SAR)sort descendingTotal cost (USD)sort descending
33.298.90
Firm
Fawri
Firm type: Money Transfer Operator
 
Payment instrument
Access point
Internet
Sending network coverage
High
Transfer speed
Receiving method
Disbursing network coverage
Medium
Fee
21.855.84
Exchange rate margin (%)
0.99
Percentage difference between market reference rate 35.25 and exchange rate charged 34.900.99
Total cost (%)
2.162.16
Total cost (SAR)sort descendingTotal cost (USD)sort descending
40.3910.80
Firm
TeleMoney
Firm type: Money Transfer Operator
 
Payment instrument
Access point
Agent
Sending network coverage
High
Transfer speed
Receiving method
Agent
Disbursing network coverage
High
Fee
26.006.95
Exchange rate margin (%)
0.80
Percentage difference between market reference rate 34.83 and exchange rate charged 34.550.80
Total cost (%)
2.192.19
Total cost (SAR)sort descendingTotal cost (USD)sort descending
40.9510.95
Firm
MoneyGram
Firm type: Money Transfer Operator
 
Payment instrument
Access point
Agent
Sending network coverage
High
Transfer speed
Receiving method
Agent
Disbursing network coverage
High
Fee
21.005.61
Exchange rate margin (%)
1.38
Percentage difference between market reference rate 35.25 and exchange rate charged 34.761.38
Total cost (%)
2.502.50
Total cost (SAR)sort descendingTotal cost (USD)sort descending
46.7512.50
Firm
Bank Albilad
Firm type: Bank
 
Payment instrument
Access point
Bank branch
Sending network coverage
Medium
Transfer speed
Receiving method
Bank branch
Disbursing network coverage
Medium
Fee
75.0020.05
Exchange rate margin (%)
-0.07
Percentage difference between market reference rate 34.87 and exchange rate charged 34.89-0.07
Total cost (%)
3.943.94
Total cost (SAR)sort descendingTotal cost (USD)sort descending
73.6819.70
Total Average First Quarter
1.891.89
Total Average Fourth Quarter 2022
2.342.34
Total Average
Fee
25.226.74
Exchange Rate Margin (%)
0.540.54
Total Cost Percent (%)
1.891.89
Total Cost (SAR) Total Cost (USD)
35.369.45
Non-Transparent records
Bank account transfer Mobile money Cash
Same day
Bank account Cash
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