Remittance Prices Worldwide

MAKING MARKETS MORE TRANSPARENT

From SASaudi Arabia you can also send money to

Sending money from SAUDI ARABIA to NEPAL

Data collected on: Oct 28, 2020
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.
Western Union
Firm type: Money Transfer Operator
Payment instrument
Access point
Agent
Sending network coverage
High
Receiving method
Agent
High
17.254.60
0.95
Percentage difference between market reference rate 31.61 and exchange rate charged 31.31
0.95
3.253.25
24.386.50
Al-Rajhi Bank
Firm type: Bank
Payment instrument
Access point
Bank branch, Call Center
Sending network coverage
Medium
Receiving method
Medium
25.006.67
1.87
Percentage difference between market reference rate 31.61 and exchange rate charged 31.02
1.87
5.205.20
39.0010.40
Enjaz Bank
Firm type: Bank
Payment instrument
Access point
Bank branch
Sending network coverage
High
Receiving method
Agent
Medium
19.305.15
1.30
Percentage difference between market reference rate 31.61 and exchange rate charged 31.20
1.30
3.873.87
29.037.74
MoneyGram
Firm type: Money Transfer Operator
Payment instrument
Access point
Agent
Sending network coverage
High
Receiving method
Agent
High
18.905.04
0.89
Percentage difference between market reference rate 31.61 and exchange rate charged 31.33
0.89
3.413.41
25.586.82
TeleMoney
Firm type: Money Transfer Operator
Payment instrument
Access point
Agent
Sending network coverage
High
Receiving method
Agent
High
26.006.93
1.05
Percentage difference between market reference rate 31.61 and exchange rate charged 31.28
1.05
4.514.51
33.839.02
Total Average Fourth Quarter 2020
4.054.05
Total Average Third Quarter 2020
4.134.13
Total Average
Fee
21.295.68
Exchange Rate Margin (%)
1.211.21
Total Cost Percent (%)
4.054.05
Total Cost (SAR) Total Cost (USD)
30.368.10
Non-Transparent records
Bank account transfer Cash
Less than one hour Same day 2 days
Bank account Cash
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
18.905.05
0.89
Percentage difference between market reference rate 31.61 and exchange rate charged 31.33
0.89
1.901.90
35.539.50
Western Union
Firm type: Money Transfer Operator
Payment instrument
Access point
Agent
Sending network coverage
High
Receiving method
Agent
High
17.254.61
0.95
Percentage difference between market reference rate 31.61 and exchange rate charged 31.31
0.95
1.881.88
35.169.40
TeleMoney
Firm type: Money Transfer Operator
Payment instrument
Access point
Agent
Sending network coverage
High
Receiving method
Agent
High
26.006.95
1.05
Percentage difference between market reference rate 31.61 and exchange rate charged 31.28
1.05
2.442.44
45.6312.20
Enjaz Bank
Firm type: Bank
Payment instrument
Access point
Bank branch
Sending network coverage
High
Receiving method
Agent
Medium
19.305.16
1.30
Percentage difference between market reference rate 31.61 and exchange rate charged 31.20
1.30
2.332.33
43.5711.65
Al-Rajhi Bank
Firm type: Bank
Payment instrument
Access point
Bank branch, Call Center
Sending network coverage
Medium
Receiving method
Medium
25.006.68
1.87
Percentage difference between market reference rate 31.61 and exchange rate charged 31.02
1.87
3.213.21
60.0316.05
Total Average Fourth Quarter 2020
2.352.35
Total Average Third Quarter 2020
2.262.26
Total Average
Fee
21.295.69
Exchange Rate Margin (%)
1.211.21
Total Cost Percent (%)
2.352.35
Total Cost (SAR) Total Cost (USD)
43.9811.76
Non-Transparent records
Bank account transfer Cash
Less than one hour Same day 2 days
Bank account Cash