Save money when you want to send money to Kuwait by comparing several money transfer specialists able to handle your transaction. Take into consideration the exchange rates, transfer fees and features each company offers to help narrow down the best deal for your transfer.
Compare services that send money to Kuwait from Ireland
Use our comparison table to assess transfer fees and other details for sending funds to Kuwait with our money transfer partners.
Online money transfer providers typically offer the strongest exchange rates and lowest fees on money transfers to Kuwait. Some offer cash pickup in as little as a few minutes, while others seamlessly transfer to bank accounts. Sending money through PayPal or your bank is also an option, but you’ll typically face higher fees and weaker exchange rates when going that route.
Digital money transfer services
Companies like XE specialise in foreign currencies, making them some of the most cost-effective transfers. Most offer transfers directly to your recipient’s Kuwait bank account, often in as little as a day or two.
Services like MoneyGram, WorldRemit and Western Union allow you to transfer cash for pickup at a local branch in Kuwait – often in 15 minutes. While it’s a fast way to send money, you’ll pay for the convenience in weak exchange rates and high fees.
Kuwaiti dinars are not a popular currency, but your local bank might be able to exchange them. If your bank does supports Kuwaiti dinars, beware of high fees and wide margins on the exchange rate compared to digital and other options when sending a wire transfer to Kuwait.
Let’s crunch the numbers: Sending £1,000 to Kuwait
Let’s say you need to send £1,000 to family in Kuwait. Here’s what you might face as far as fees and exchange rates as of 17 November 2020.
Digital money transfer service
£20 + additional correspondent bank fees
1 EUR = 0.403 KWD
1 EUR = 0.378 WD
1 EUR = 0.338 KWD
Slowest and most expensive
The bank option ends up being both the slowest and gets the smallest amount of money to your recipient in Kuwait. If you go with the digital money transfer service, your recipient ends up with KWD 65 more than the bank offers. If speed is crucial, or your recipient wants to pick up cash, a cash transfer can typically have your transfer to Kuwait in as little as 15 minutes. Confirm there is a cash pickup location near your recipient before sending.
How to send money to Kuwait online
Sign up and send money with a digital money transfer specialist in four steps:
Sign up for a free account. Pick a provider and sign up for a free online account using your contact information, proof of ID and preferred payment method.
Provide transfer details. Submit your recipient’s contact information and pick a delivery method. If transferring to a bank, you’ll need their Kuwait bank account details.
Confirm transfer details. Double check your payment method, expected fees and destination.
Save your receipt. Record your receipt’s confirmation number to track the progress of your transfer to Kuwait. Some money transfer providers send a text or email when your transfer is complete.
What are the ways that I can send money to Kuwait
Bank transfers. Many major Irish banks will allow you to send money to Kuwait.
Money transfer providers. Providers like XE and CurrencyTransfer can help you quickly and easily transfer your money online.
Providers with cash pickup. Western Union, WorldRemit and MoneyGram allow you to send funds for cash pickup at agent locations.
PayPal. Electronic payment giant PayPal allows you to send money from Ireland to Kuwait.
How to get the most out of your money transfer to Kuwait
Weigh costs and fees against convenience to learn how to compare providers that send money to Kuwait to best meet your needs:
Exchange rates. The EUR-KWD relationship fluctuates often, so using a service that allows you to lock in exchange prices may help you save money down the line if the Kuwaiti dinar rises against the euro.
Transfer fees. Transferring money overseas nearly always requires fees, but they might be hidden in the exchange rate. When sending large amounts, it may be cheaper to pay a flat fee to secure a stronger EUR-KWD exchange rate.
Transfer limits. How much you can send varies by company, and different amounts can attract higher or lower fees. Shop around for the best deal on the amount of Kuwaiti dinar you’re sending to Kuwait.
Turnaround. Transferring money through a local bank can take a business week or longer. If you need the funds delivered quickly, look for a digital specialist that offers instant transfers to Kuwait.
Sending limits. Comparing prices for one large transfer instead of many small transfers is typically easier, so picking the service you use based on how much you’re sending is a valid strategy for saving money.
Transfer methods. Whether you want money sent to a Kuwait bank account or picked up as cash at a local agent, narrow down a company that matches your preferred delivery method.
How to send an emergency cash transfer to Kuwait
When urgency trumps cost to get your money to Kuwait quickly, look for money transfer companies that support cash pickup in minutes. You can pay with a credit or debit card for fast pickup, but fees are higher than other methods.
How to send money to Kuwait without a bank account
If you don’t have a bank account, you can still use cash transfer services to send money to Kuwait. Similarly, a recipient can get the money with a cash transfer if they don’t have a bank account. These services are widely available around the world and although they’ll typically not be the cheapest available, they can be fast and convenient.
Kuwait’s exchange rates explained
The exchange rate determines how much one country’s currency is worth in another country’s currency. When a country’s currency is strong, it yields more money when exchanging it in a country with a weaker currency. Factors that influence the exchange rate include interest rates, economic stability and inflation.
Updated: 28 Nov 2020 04:28:36 UTC
Documents needed for sending to and receiving money in Kuwait
To send money to Kuwait from Ireland, you’ll need government-issued ID and other documents, while documents needed to pick up money in Kuwait may be different by company.
Documents to send money from Ireland
To send money to Kuwait from Ireland, you’ll need documentation and details that include:
Identification. Most services require a driver’s licence, passport or other government-issued ID.
Payment method. Your service may accept credit or debit cards, cash, bank accounts or personal cheques.
Recipient information. Submit your recipient’s name as it appears on their ID, along with their phone number and Kuwait bank account information.
Documents to receive money in Kuwait
To pick up money in person, documentation can include:
Transfer number. The person sending you money can forward the transfer’s confirmation details – called a PIN, an MTCN, a reference number or a tracking number, depending on the company.
Government-issued ID. A Kuwait passport, Kuwait ID or similar official ID may be required to pick up your transfer.
Amount sent. You may need to know how much was sent, usually within 10% of the total.
Sender’s information. Take along your sender’s full name, the sending country and their address, if known.
It shouldn’t cost a fortune to send money to Kuwait. Compare money transfer companies that specialis in foreign transactions for the strongest rates, lowest fees and flexible delivery. For transfers to other countries, rely on our country specific guides the next time you need to make a transfer.
Zak Killermann is a writer at Finder. He’s ghostwritten hundreds of articles on fintech, finding his love for publication at St. Cloud State University. Traveling internationally for nearly half his life — and getting burned once by an OTC money exchange — Zak's vowed not to settle for anything short of the mid-market rate again.
How likely would you be to recommend finder to a friend or colleague?
Very UnlikelyExtremely Likely
Thank you for your feedback.
Our goal is to create the best possible product, and your thoughts, ideas and suggestions play a major role in helping us identify opportunities to improve.
finder.com.au is one of Australia's leading comparison websites. We compare from a wide set of banks, insurers and product issuers. We value our editorial independence and follow editorial guidelines.
finder has access to track details from the product issuers listed on our sites. Although we provide information on the products offered by a wide range of issuers, we don't cover every available product or service.
Please note that the information published on our site should not be construed as personal advice and does not consider your personal needs and circumstances. While our site will provide you with factual information and general advice to help you make better decisions, it isn't a substitute for professional advice. You should consider whether the products or services featured on our site are appropriate for your needs. If you're unsure about anything, seek professional advice before you apply for any product or commit to any plan.
Products marked as 'Promoted' or 'Advertisement' are prominently displayed either as a result of a commercial advertising arrangement or to highlight a particular product, provider or feature. Finder may receive remuneration from the Provider if you click on the related link, purchase or enquire about the product. Finder's decision to show a 'promoted' product is neither a recommendation that the product is appropriate for you nor an indication that the product is the best in its category. We encourage you to use the tools and information we provide to compare your options.
Where our site links to particular products or displays 'Go to site' buttons, we may receive a commission, referral fee or payment when you click on those buttons or apply for a product.
When products are grouped in a table or list, the order in which they are initially sorted may be influenced by a range of factors including price, fees and discounts; commercial partnerships; product features; and brand popularity. We provide tools so you can sort and filter these lists to highlight features that matter to you.
We try to take an open and transparent approach and provide a broad-based comparison service. However, you should be aware that while we are an independently owned service, our comparison service does not include all providers or all products available in the market.
Some product issuers may provide products or offer services through multiple brands, associated companies or different labelling arrangements. This can make it difficult for consumers to compare alternatives or identify the companies behind the products. However, we aim to provide information to enable consumers to understand these issues.
Providing or obtaining an estimated insurance quote through us does not guarantee you can get the insurance. Acceptance by insurance companies is based on things like occupation, health and lifestyle. By providing you with the ability to apply for a credit card or loan, we are not guaranteeing that your application will be approved. Your application for credit products is subject to the Provider's terms and conditions as well as their application and lending criteria.