Send Money to Saudi Arabia on a Budget

Masjid al-Qiblatayn Saudi Arabia

If you’re willing to shop around, you can find a secure and affordable way to send money to Saudi Arabia.

If you don’t know what you’re doing, sending money to Saudi Arabia can be an expensive experience. There are high transfer fees and poor exchange rates to worry about, which can both end up costing you a substantial amount of money.

But if you compare your transfer options to see which company offers the fastest and most affordable transactions, sending money to Saudi Arabia can be both easy and cost-effective.

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Rates last updated August 19th, 2017

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Transfer Speed Services Min. Transfer Amount Online Transfer Fee Rate Amount Received
TorFX International Money Transfers
TorFX guarantee to beat any ... TorFX guarantee to beat any competitor's exchange rate for a transaction
Conditions apply
1 day
AUD 200 Rates are always
changing, click to check
your price today
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HiFX International Money Transfers
Make your first transfer for ... Make your first transfer for free. Transfer money between 20 currencies, and schedule regular transfers.
2 days
AUD 50 Rates are always
changing, click to check
your price today
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Banks versus money transfer companies

When sending money overseas, many Australians simply go straight to their bank. While this is undoubtedly a convenient option, the fact is that banks charge you an exorbitant amount on international transfers. There are high transfer fees and some fairly dismal exchange rates to worry about, which means a worse deal for you and less money for your beneficiary.

Specialist money transfer companies, on the other hand, offer a convenient and cost-effective transfer alternative. With minimal transaction fees and exchange rates that in most cases are much higher than those offered by the banks, these providers offer transactions that won’t hurt your bank balance.

Case Study: Cliff Sends Money to Saudi Arabia

Cliff wants to send a money transfer to his brother, Chad, in Saudi Arabia. After some poor investment decisions, Chad is a little short of cash and needs some funds to help him pay his next month’s rent. Since his Australian bank won’t support this exotic currency, Cliff decides to compare two money transfer companies to see which one offers him the most cost-effective deal.

As you can see from the table below, using the first transfer company means Cliff can send an extra 79 SAR to Chad.

Money transfer company 1Money transfer company 2
Exchange rate1 AUD = 2.6298 SAR1 AUD = 2.5501 SAR
Transfer fee$10$10
Transfer methodOnline bank account transferOnline bank account transfer
Processing time1-3 days1-3 days
Amount received (in SAR)2,629.80 SAR2,550.10 SAR
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How do I compare transfer companies when transferring and receiving money via Saudi Arabia?

  • Exchange rates. Compare the company’s exchange rates with those offered by a range of other transfer providers. Better exchange rates mean that more money arrives to your beneficiary, but look out for companies that also charge high fees with their high rates.
  • Transaction fees. You will usually be charged a transaction fee every time you send a transfer, but some companies waive this fee on large transfers.
  • Transfer methods. How will you be able to lodge your transfers: online, in a branch, over the phone and/or by using a smartphone app?
  • Flexible options. Look for flexible transfer options that can help you save time and money, such as forward contracts, limit orders and the ability to set up a recurring payment schedule.
  • Transfer time. Compare transaction processing times from start to finish between money transfer providers.
  • Minimum transfer amounts. If the company imposes a minimum or maximum transfer limit on each transaction, make sure either of those limits won’t disrupt your transfers.
  • Pickup options. How will your beneficiary access the funds you send: from his or her bank account or by visiting a transfer provider branch?
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How do I send money to Saudi Arabia from Australia?

  • Specialist money transfer providers. Check out our list of trusted online transfer companies to see which ones allow you to send money to Saudi Arabia.
  • Cash pickup transfer companies. Western Union and MoneyGram are two companies with extensive global transfer networks.
  • Bank transfers. Compare your bank’s exchange rates and fees with those offered by other transfer providers.
  • International cheques. Ask your bank how much it will cost to get an international guaranteed cheque to post overseas.

 How do I receive money from Saudi Arabia in Australia?

  • Specialist money transfer providers. Start researching to see which companies allow you to send money from Saudi Arabia to Australia.
  • Cash pickup transfer companies. If you want the convenience of a cash transfer, consult a company like Western Union or MoneyGram about the expenses involved.
  • Bank transfers. The next available option is to send a transfer from a bank in Saudi Arabia to an Australian bank account.
  • International cheques. Check to see how much your bank will charge in fees when you cash an international cheque.
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Emergency cash transfers in Saudi Arabia

Companies that offer emergency cash transfers can be a Godsend in many situations, such as if you need to help out a relative overseas who has had their wallet stolen. If you’re planning on sending an emergency cash transfer, however, just be aware that these transfers are usually quite expensive. Lower exchange rates and higher fees are to be expected, so review the transaction details before you send funds anywhere.

Cash pickup locations in Saudi Arabia/ Western Union / MoneyGram branches in Saudi Arabia

Both Western Union and MoneyGram have several locations in Australia and Saudi Arabia, offering quick and convenient transfers between the two countries. You can see the details of some popular cash pickup locations below. Make sure to take along photo ID and a transaction reference number when picking up funds, while it’s also a good idea to phone ahead and check an agent’s opening hours.

Western Union


  • King Khaled Airport
    Terminal 2 Arrivals Riyadh, Central
    Open 24 hours
  • Deriyah 168
    Al Arbaeen Street Al Dereyah Riyadh, Central
    Open 7:30am to 11:59pm seven days


  • Ersal Money Transfers
    Kudai Makkah Al Mukarramah,
    Open 24 hours
  • Ersal Money Transfers
    Shisha Makkah Al Mukarramah,
    Open 24 hours



  • Baj Al-Sulaimaniyah
    Prince Mamdouh St
    Open 8am to 11pm seven days
  • Baj Alsahafa
    Thumamah Street
    Open 24 hours


  • Al Amoudi Exchange Co.
    Jabal Omar Building 2nd Floor
    In front of Al Haram Makkah, 21411
    Open 9am to 11pm seven days
  • Fawri – Taif
    Shobra Street
    Open 24 hours
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Tips for picking up cash in Saudi Arabia

The Australian Government’s Department of Foreign Affairs and Trade advises Australians to reconsider their need to travel to Saudi Arabia. If you decide to visit the country nonetheless, keep a few safety tips in mind when picking up cash:

  • Ask a friend to accompany you
  • Only visit a transfer agent in a safe location
  • Keep your cash hidden
  • Deposit the funds into your bank account as soon as you can
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What are the steps to send money to Saudi Arabia?

You will typically need to follow these steps when you want to send money to Saudi Arabia:

  1. Register for an account. This can often be done for free online when you provide your name, contact details and proof of ID.
  2. Provide full transaction details. You will need to provide details about where you want to send the money, how much you want to send and in which currency.
  3. Finalise your transfer. The final step is to review all the details of your transaction, including the exchange rate and fee, and then pay for your transfer. You can also usually track your transfer online.
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