Send and receive money from Kuwait with a great rate

Information verified correct on December 3rd, 2016

kuwaitSend money to Kuwait from Australia and vice versa with the help of a trusted and affordable money transfer provider.

Situated at the tip of the Persian Gulf, Kuwait has a history dating back several thousand years. An oil-rich country with a population of more than 4.2 million people, Kuwait is also a temporary home to thousands of US military personnel operating in the region.

If you ever need to send money from Australia to Kuwait, or from Kuwait to Australia, there are several money transfer companies able to handle the transaction. You just need to compare their exchange rates, fees and features to find the company that offers the best deal.

Send money to Kuwait using a service below

Rates last updated December 3rd, 2016
Min. Transfer Amount Transfer Speed Services Online Transfer Fee Rate Amount Received
WorldRemit International Money Transfers
An online money transfer service ... with cash pickup, bank account to bank account and airtime transfers available.
USD 1 Within an hour
OnlineCash Transfer
Rates are always
changing, click to check
your price today
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World First Foreign Exchange
Transfer money into a range ... of currencies online and over the phone.
USD 500 2 days
OnlinePhone
Rates are always
changing, click to check
your price today
Go to site More
Transferwise International Money Transfers
Make online transfers in a ... range of currencies and enjoy high maximum transfer amounts.
USD 1 1 day
Online
Rates are always
changing, click to check
your price today
Go to site More
HiFX International Money Transfers
Transfer money between 20 currencies ... and enjoy scheduled regular transfers. No fee for transfers over US $5,000.
USD 100 2 days
OnlinePhoneAgent
Rates are always
changing, click to check
your price today
Go to site More
Travelex International Money Transfers
Get your foreign currency delivered ... to your home or pick up at a store.
USD 500 2 days
Online
Rates are always
changing, click to check
your price today
Go to site More
Currencies Direct International Money Transfers
$0 online transfer fee that ... you can access 24/7.
USD 100 2 days
OnlinePhone
Rates are always
changing, click to check
your price today
Go to site More
USForex International Money Transfers
Take advantage of competitive exchange ... rates and cheap transfer fees.
USD 150 1 day
OnlinePhoneAgentInternational Money Order...
Rates are always
changing, click to check
your price today
Go to site More
MoneyGram International Money Transfers
Send money anywhere, from anywhere.
USD 1 Same day
OnlinePhoneAgent
Rates are always
changing, click to check
your price today
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TorFX International Money Transfers
TorFX guarantee to beat any ... competitor's exchange rate for a transaction. Conditions apply
USD 100 1 day
OnlinePhoneAgent
Rates are always
changing, click to check
your price today
Go to site More
Western Union Money Transfers
Send money online to friends ... and family around the world with Western Union.
USD 1 Same day
OnlinePhoneAgent
Rates are always
changing, click to check
your price today
Go to site More

Have we missed anything in the comparison table? Tell us

Banks versus money transfer companies

One option when sending an international money transfer is to send a telegraphic transfer from your Australian bank account to a Kuwaiti bank account. But while this is undoubtedly a safe and secure option, it’s also a costly one – banks charge high transfer fees and typically offer some of the worst exchange rates around.

In recent years, specialist money transfer companies have emerged and regularly offer a better deal on transfers. These companies, such as OFX and World First, are foreign exchange specialists and trade in large volumes of foreign currency. This allows them to offer superior exchange rates to the banks which, combined with lower fees, makes them a much more affordable transfer option.

Case Study: Kevin Sends Money to Kuwait

Kevin’s son Jack is working in the oil industry in Kuwait, and Kevin wants to send his son a $1,000 money transfer as a birthday gift. To find the cheapest option, Kevin decides to compare the cost of sending a transfer with his bank vs sending it via an online transfer company. The results of his comparison are shown in the table below:

BankMoney transfer company
Exchange rate1 AUD = 0.2056 KWD1 AUD = 0.2160 KWD
Transfer fee$20$0
Transfer time1-2 days1-3 days
Amount received (in KWD)KWD205.60KWD216

As you can see, not only can Kevin send KWD10.40 extra by using the money transfer company, but he can also save AUD$20 in transfer fees.

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How do I compare transfer companies when transferring and receiving money via Kuwait?

Make sure to consider the following features when considering the pros and cons of money transfer companies:

  • Exchange rates. The higher the exchange rate, the more money your beneficiary receives. Look for the company that regularly offers the best exchange rates, but be aware that good exchange rates can sometimes come with high fees attached.
  • Transfer fees. Transfer fees range from zero to north of $50, so it pays to check just how much a transaction will cost before you commit.
  • Transfer options. Some online transfer providers offer options to help you get the exchange rate you want, for example forward contracts and limit orders. You may also wish to check whether the provider allows you to schedule a recurring transfer in advance.
  • Transfer methods. Will the funds be sent via electronic transfer or will you need to visit an agent location and pay with cash?
  • Supported currencies. Check the list of countries to which a transfer provider can send money and also look at the list of supported currencies. Make sure the provider you choose will be able to handle your regular transaction needs.
  • Processing times. How long will it take from the time you submit a transfer request to the time your beneficiary receives the funds?
  • Transfer limits. Are there any minimum or maximum limits on the amount you can transfer at any one time?
  • Receiving options. How will your beneficiary receive the funds – for example will the funds be paid into their bank account or PayPal account, or can they pick up cash from a transfer agent.
  • Customer service. Is there an online help section with customer support and a range of frequently asked questions? Can you quickly access customer assistance if you ever have a problem with a transaction?
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How do I send money to Kuwait from Australia?

  • Bank transfers. You can send money from your Australian bank account to a bank account in Kuwait.
  • Cash pickup transfers. Western Union and MoneyGram both operate cash pickup locations in Kuwait.
  • Online money transfers. Companies such as OFX, World First and TorFX offer this service.
  • Bank cheque. You could also obtain an international guaranteed cheque from your bank and post it overseas.

How do I receive money from Kuwait in Australia?

  • Bank transfers. Transfers can also be conducted from a Kuwaiti bank account to your Australian bank account.
  • Cash pickup transfers. Search online to find your nearest MoneyGram or Western Union cash pickup location.
  • Online money transfers. There are several trusted online money transfer providers that allow you to send money between Kuwait and Australia.
  • Bank cheques. International cheques are a secure but slow transfer method.
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Emergency cash transfers in Kuwait

If you ever need to send an urgent cash transfer, remember to take the time to review the full details of your transaction before handing over any money. Emergency transfers tend to attract lower exchange rates and higher fees than ordinary transfers, so even a small transfer could end up costing much more than you expect. Read the fine print closely instead of simply rushing into a transaction.

Cash pickup locations in Kuwait/ Western Union / MoneyGram branches in Kuwait

With hundreds of thousands of agent locations, Western Union and MoneyGram are the world’s two largest providers of international money transfer services. Some popular cash pickup locations in Kuwait are listed below, but make sure to phone ahead to confirm locations and opening hours. Photo ID and a transaction number will also be required when picking up funds.

Western Union

Kuwait City

  • 360 Mall Grant Supermarket
    New Branch
    Kuwait, Kuwait 13001
    +965-22411841
    Open 8:30am to 10:30pm seven days
  • Abbasiya 5
    Block 10, Building # 26,
    Shop Abbassiya Abbassiya,
    Kuwait 13002
    +965-22411841
    Open 8:30am to 10:30pm seven days

Al Ahmadi

  • Al Muzaini Exchange Co.
    Reggae
    Block – 2, St – 1,
    Reggae, Alahmadi 2156
    +965-4887056
    Open 9:30am to 11:30pm Saturday to Thursday, 7pm to 11:30pm Friday
  •  Lulu Exchange Co.
    Block 54, Building 5,
    Mohamed Saud Zben Allamia Bldg
    Mangaf, Ahmedi
    +965-2-3729744

MoneyGram

Kuwait City

  • Al Hanifa Exchange
    Salem Al Mubark St
    Kuwait
    +965-2-5725711
    Open 8am to 9pm Saturday to Thursday, 4:30pm to 9pm Friday
  • Bahrain Exchange Company
    Al-Shuhada St Murgab
    Safat 1824000
    Open 8am to 11:30pm seven days
  • Bahrain Exchange Company
    Fahad Al Salem St Salhiya Complex
    Murgab
    22492350
    Open 8am to 11:30pm seven days
  • Bahrain Exchange Company
    Al Watiya,
    22472086
    Open 8am to 11:30pm seven days
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Tips for picking up cash in Kuwait

  • DFAT warns Australian travellers to Kuwait to exercise a “high degree of caution”
  • Take a friend with you for extra security
  • Phone ahead to confirm the location and opening hours of a cash pickup agent
  • Keep your money concealed – don’t wave it around in front of strangers
  • Deposit the money in your bank account as soon as possible

What are the steps to send money to Kuwait?

The transfer process when sending money to Kuwait varies depending on the transfer provider you choose. However, you will generally need to follow these simple steps:

  1. Sign up for an account. You will need to provide your name, contact details, proof of ID and possibly your bank account details.
  2. Enter transaction details. You will need to specify whom you are sending the money to and in what country, as well as the amount of money being transferred and your chosen currency.
  3. Submit and track transfer. Review the details of your transfer before handing over any money. You can then use a tracking number to monitor the progress of your funds.
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US International Money Transfers Offers

Learn about our information service
WorldRemit International Money Transfers

An online money transfer service with cash pickup, bank account to bank account and airtime transfers available.

USForex International Money Transfers

Take advantage of competitive exchange rates and cheap transfer fees.

World First Foreign Exchange

Transfer money into a range of currencies online and over the phone.

Transferwise International Money Transfers

Make online transfers in a range of currencies and enjoy high maximum transfer amounts.

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