Remittance Prices Worldwide

MAKING MARKETS MORE TRANSPARENT

From SASaudi Arabia you can also send money to

Sending money from SAUDI ARABIA to PHILIPPINES

Data collected on: Oct 31, 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.
TeleMoney
Firm type: Money Transfer Operator
Payment instrument
Access point
Agent
Sending network coverage
High
Receiving method
Agent
High
26.006.93
0.18
Percentage difference between market reference rate 12.94 and exchange rate charged 12.92
0.18
3.643.64
27.307.28
Western Union
Firm type: Money Transfer Operator
Payment instrument
Access point
Agent
Sending network coverage
High
Receiving method
Agent
High
17.254.60
1.88
Percentage difference between market reference rate 12.94 and exchange rate charged 12.70
1.88
4.184.18
31.358.36
Enjaz Bank
Firm type: Bank
Payment instrument
Access point
Bank branch, Call Center
Sending network coverage
Medium
Receiving method
Medium
19.305.15
0.64
Percentage difference between market reference rate 12.94 and exchange rate charged 12.86
0.64
3.213.21
24.086.42
MoneyGram
Firm type: Money Transfer Operator
Payment instrument
Access point
Agent
Sending network coverage
High
Receiving method
Agent
High
20.005.33
0.80
Percentage difference between market reference rate 12.94 and exchange rate charged 12.84
0.80
3.463.46
25.956.92
Total Average Fourth Quarter 2020
3.623.62
Total Average Third Quarter 2020
3.593.59
Total Average
Fee
20.645.50
Exchange Rate Margin (%)
0.880.88
Total Cost Percent (%)
3.623.62
Total Cost (SAR) Total Cost (USD)
27.177.25
Non-Transparent records
Bank account transfer Cash
Less than one hour 2 days
Bank account Cash
Payment instrument
Access point
Sending network coverage
Receiving method
Enjaz Bank
Firm type: Bank
Payment instrument
Access point
Bank branch, Call Center
Sending network coverage
Medium
Receiving method
Medium
19.305.16
0.64
Percentage difference between market reference rate 12.94 and exchange rate charged 12.86
0.64
1.671.67
31.238.35
MoneyGram
Firm type: Money Transfer Operator
Payment instrument
Access point
Agent
Sending network coverage
High
Receiving method
Agent
High
20.005.35
0.80
Percentage difference between market reference rate 12.94 and exchange rate charged 12.84
0.80
1.871.87
34.979.35
TeleMoney
Firm type: Money Transfer Operator
Payment instrument
Access point
Agent
Sending network coverage
High
Receiving method
Agent
High
26.006.95
0.18
Percentage difference between market reference rate 12.94 and exchange rate charged 12.92
0.18
1.571.57
29.367.85
Western Union
Firm type: Money Transfer Operator
Payment instrument
Access point
Agent
Sending network coverage
High
Receiving method
Agent
High
17.254.61
1.88
Percentage difference between market reference rate 12.94 and exchange rate charged 12.70
1.88
2.802.80
52.3614.00
Total Average Fourth Quarter 2020
1.981.98
Total Average Third Quarter 2020
1.611.61
Total Average
Fee
20.645.52
Exchange Rate Margin (%)
0.880.88
Total Cost Percent (%)
1.981.98
Total Cost (SAR) Total Cost (USD)
36.989.89
Non-Transparent records
Bank account transfer Cash
Less than one hour 2 days
Bank account Cash