Remittance Prices Worldwide

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Transfer money

Sending money from SAUDI ARABIA to PHILIPPINES

Data collected on: Nov 06, 2024-Nov 11, 2024
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
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
17.004.53
Exchange rate margin (%)
0.53
Percentage difference between market reference rate 15.61 and exchange rate charged 15.530.53
Total cost (%)
2.802.80
Total cost (SAR)sort descendingTotal cost (USD)sort descending
21.005.60
Firm
Fawri
Firm type: Money Transfer Operator
 
Payment instrument
Access point
Internet
Sending network coverage
High
Transfer speed
Receiving method
Disbursing network coverage
High
Fee
11.503.07
Exchange rate margin (%)
1.56
Percentage difference between market reference rate 15.63 and exchange rate charged 15.381.56
Total cost (%)
3.093.09
Total cost (SAR)sort descendingTotal cost (USD)sort descending
23.186.18
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
17.254.60
Exchange rate margin (%)
0.83
Percentage difference between market reference rate 15.59 and exchange rate charged 15.460.83
Total cost (%)
3.133.13
Total cost (SAR)sort descendingTotal cost (USD)sort descending
23.486.26
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 (%)
0.98
Percentage difference between market reference rate 15.67 and exchange rate charged 15.520.98
Total cost (%)
3.283.28
Total cost (SAR)sort descendingTotal cost (USD)sort descending
24.606.56
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 (%)
1.19
Percentage difference between market reference rate 15.62 and exchange rate charged 15.431.19
Total cost (%)
3.493.49
Total cost (SAR)sort descendingTotal cost (USD)sort descending
26.186.98
Firm
Fawri
Firm type: Money Transfer Operator
 
Payment instrument
Access point
Agent
Sending network coverage
Medium
Transfer speed
Receiving method
Disbursing network coverage
High
Fee
16.004.27
Exchange rate margin (%)
1.56
Percentage difference between market reference rate 15.63 and exchange rate charged 15.381.56
Total cost (%)
3.693.69
Total cost (SAR)sort descendingTotal cost (USD)sort descending
27.687.38
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
16.004.27
Exchange rate margin (%)
1.56
Percentage difference between market reference rate 15.63 and exchange rate charged 15.381.56
Total cost (%)
3.693.69
Total cost (SAR)sort descendingTotal cost (USD)sort descending
27.687.38
Firm
Fawri
Firm type: Money Transfer Operator
 
Payment instrument
Access point
Agent
Sending network coverage
Medium
Transfer speed
Receiving method
Disbursing network coverage
High
Fee
16.004.27
Exchange rate margin (%)
1.56
Percentage difference between market reference rate 15.63 and exchange rate charged 15.381.56
Total cost (%)
3.693.69
Total cost (SAR)sort descendingTotal cost (USD)sort descending
27.687.38
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 (%)
1.87
Percentage difference between market reference rate 15.67 and exchange rate charged 15.381.87
Total cost (%)
4.174.17
Total cost (SAR)sort descendingTotal cost (USD)sort descending
31.288.34
Firm
Bank Albilad
Firm type: Bank
 
Payment instrument
Access point
Bank branch
Sending network coverage
Medium
Transfer speed
Receiving method
Disbursing network coverage
Medium
Fee
75.0020.00
Exchange rate margin (%)
0.45
Percentage difference between market reference rate 15.57 and exchange rate charged 15.500.45
Total cost (%)
10.4510.45
Total cost (SAR)sort descendingTotal cost (USD)sort descending
78.3820.90
Total Average Fourth Quarter 2024
4.154.15
Total Average Third Quarter 2024
3.983.98
Total Average
Fee
22.055.88
Exchange Rate Margin (%)
1.211.21
Total Cost Percent (%)
4.154.15
Total Cost (SAR) Total Cost (USD)
31.118.30
Non-Transparent records
Bank account transfer Mobile money Cash
Same day Next 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
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
17.004.55
Exchange rate margin (%)
0.53
Percentage difference between market reference rate 15.61 and exchange rate charged 15.530.53
Total cost (%)
1.441.44
Total cost (SAR)sort descendingTotal cost (USD)sort descending
26.937.20
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
17.254.61
Exchange rate margin (%)
0.83
Percentage difference between market reference rate 15.59 and exchange rate charged 15.460.83
Total cost (%)
1.751.75
Total cost (SAR)sort descendingTotal cost (USD)sort descending
32.738.75
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 (%)
1.05
Percentage difference between market reference rate 15.67 and exchange rate charged 15.511.05
Total cost (%)
1.971.97
Total cost (SAR)sort descendingTotal cost (USD)sort descending
36.849.85
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 (%)
1.19
Percentage difference between market reference rate 15.62 and exchange rate charged 15.431.19
Total cost (%)
2.112.11
Total cost (SAR)sort descendingTotal cost (USD)sort descending
39.4610.55
Firm
Fawri
Firm type: Money Transfer Operator
 
Payment instrument
Access point
Internet
Sending network coverage
High
Transfer speed
Receiving method
Disbursing network coverage
High
Fee
11.503.07
Exchange rate margin (%)
1.56
Percentage difference between market reference rate 15.63 and exchange rate charged 15.381.56
Total cost (%)
2.172.17
Total cost (SAR)sort descendingTotal cost (USD)sort descending
40.5810.85
Firm
Fawri
Firm type: Money Transfer Operator
 
Payment instrument
Access point
Agent
Sending network coverage
Medium
Transfer speed
Receiving method
Disbursing network coverage
High
Fee
16.004.28
Exchange rate margin (%)
1.56
Percentage difference between market reference rate 15.63 and exchange rate charged 15.381.56
Total cost (%)
2.422.42
Total cost (SAR)sort descendingTotal cost (USD)sort descending
45.2512.10
Firm
Fawri
Firm type: Money Transfer Operator
 
Payment instrument
Access point
Agent
Sending network coverage
Medium
Transfer speed
Receiving method
Disbursing network coverage
High
Fee
16.004.28
Exchange rate margin (%)
1.56
Percentage difference between market reference rate 15.63 and exchange rate charged 15.381.56
Total cost (%)
2.422.42
Total cost (SAR)sort descendingTotal cost (USD)sort descending
45.2512.10
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
16.004.28
Exchange rate margin (%)
1.56
Percentage difference between market reference rate 15.63 and exchange rate charged 15.381.56
Total cost (%)
2.422.42
Total cost (SAR)sort descendingTotal cost (USD)sort descending
45.2512.10
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 (%)
1.94
Percentage difference between market reference rate 15.67 and exchange rate charged 15.371.94
Total cost (%)
2.862.86
Total cost (SAR)sort descendingTotal cost (USD)sort descending
53.4814.30
Firm
Bank Albilad
Firm type: Bank
 
Payment instrument
Access point
Bank branch
Sending network coverage
Medium
Transfer speed
Receiving method
Disbursing network coverage
Medium
Fee
75.0020.05
Exchange rate margin (%)
0.45
Percentage difference between market reference rate 15.57 and exchange rate charged 15.500.45
Total cost (%)
4.464.46
Total cost (SAR)sort descendingTotal cost (USD)sort descending
83.4022.30
Total Average Fourth Quarter 2024
2.402.40
Total Average Third Quarter 2024
2.232.23
Total Average
Fee
22.055.90
Exchange Rate Margin (%)
1.221.22
Total Cost Percent (%)
2.402.40
Total Cost (SAR) Total Cost (USD)
44.9212.01
Non-Transparent records
Bank account transfer Mobile money Cash
Same day Next day
Bank account Cash
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