Best Money Transfer Services in Saudi Arabia 2026

Discover the best money transfer services in Saudi Arabia for 2025. Find the cheapest and fastest way to send money home.

Saudi Arabia is the world’s second-largest source of international remittances, with expatriates sending over $38 billion to their home countries annually. For millions of workers living in the Kingdom, finding a reliable and affordable way to send money home is essential.

The remittance landscape in Saudi Arabia has transformed dramatically in recent years. Digital wallets and fintech apps now compete with traditional bank services, offering faster transfers, better exchange rates, and greater convenience. Whether you’re sending money to India, Pakistan, the Philippines, Bangladesh, Egypt, or anywhere else in the world, understanding your options can save you both time and money.

This guide explores the most reliable money transfer services available in Saudi Arabia in 2026, helping you choose the right option for your needs.

Digital Wallet Services

Barq

Barq has rapidly become one of Saudi Arabia’s most popular digital wallets since its launch in 2024. The platform attracted over 1 million users within just three weeks and has continued growing steadily.

Licensed by the Saudi Central Bank, Barq operates through partnerships with Thunes, Western Union, and other international financial institutions. The service enables instant money transfers to over 200 countries through multiple delivery options including bank deposits, mobile wallets, and cash pickup.

Key Features:

Barq offers higher monthly transfer limits (SAR 100,000) compared to many other digital wallets, making it suitable for those who need to send larger amounts. The app is available on both iOS and Android platforms.

Customer Support: 8001000077

STC Bank (formerly STC Pay)

STC Pay evolved into STC Bank in January 2025, becoming a fully licensed digital bank. With millions of users across Saudi Arabia, it remains one of the Kingdom’s most established digital financial services.

The service partners with Western Union and recently announced a collaboration with Mastercard Move to enhance cross-border payment capabilities to 120 countries. STC Bank supports various delivery methods including direct bank account deposits, UPI transfers to India, and mobile wallet options for popular destinations like the Philippines.

Key Features:

The service is particularly popular among long-term residents due to its integration with other STC services and widespread recognition in the market.

Customer Support: 800118008

Tiqmo

Launched in 2024 and licensed by the Saudi Central Bank, Tiqmo has quickly established itself as one of the fastest-growing digital wallets in Saudi Arabia. The platform’s strategic partnership with MoneyGram provides access to over 200 countries and territories.

Through this partnership, Tiqmo users can reach more than 5 billion digital endpoints and over 480,000 MoneyGram locations worldwide, with support for transactions in over 120 currencies.

Key Features:

Tiqmo is a subsidiary of Ajlan & Bros Holding Company and has been designed specifically to meet the needs of Saudi Arabia’s expatriate community, particularly for transfers to major recipient countries like India, Pakistan, Bangladesh, Philippines, Egypt, Indonesia, and Nepal.

UrPay (Al Rajhi Bank)

UrPay is Al Rajhi Bank’s digital wallet solution, offering seamless integration with Tahweel Al Rajhi’s extensive money transfer network. The platform recently partnered with Western Union to expand its international transfer capabilities.

Key Features:

With over 6.5 million users, UrPay provides an integrated experience combining payments, mobile top-ups, exclusive deals, and money transfers in one platform.

Also Read:

A Guide to Send Money to Saudi Arabia

Traditional Bank Transfer Services

SNB QuickPay (Saudi National Bank)

SNB QuickPay is one of the most popular and widely-used money transfer services among expatriates in Saudi Arabia. Known for its extensive network and convenience, QuickPay has established itself as a top choice for international remittances.

The service offers 24/7 money transfer capabilities through multiple channels including SNB ATMs, the SNB mobile app, phone banking, and QuickPay centers across the Kingdom. With partnerships with major banks worldwide and MoneyGram, QuickPay ensures swift and secure money delivery.

Key Features:

Transfer Fees:

How to Open QuickPay Account:

QuickPay regularly runs promotional campaigns where customers can win prizes including gold and cash rewards for making international transfers.

Customer Service: 920000330 (available 24/7)

Tahweel Al Rajhi (Al Rajhi Bank)

Tahweel Al Rajhi represents one of Saudi Arabia’s largest and most established money transfer networks. Operating through over 135 centers and 520 branches across the Kingdom, it offers unmatched physical presence for those who prefer in-person service.

The service maintains partnerships with more than 100 correspondent banks and money transfer operators worldwide, including a recent strategic partnership with MoneyGram.

Key Features:

Tahweel Al Rajhi also offers free remittance insurance, making it attractive for those sending larger amounts or seeking additional security.

Contact: 8001190088

Enjaz (Bank AlBilad)

Enjaz operates as Bank AlBilad’s specialized remittance arm and recently became a separate entity licensed by SAMA as a Major Electronic Money Institution. The service offers comprehensive money transfer options through partnerships with Western Union, Transfast, and through its own Enjaz Easy network.

Key Features:

Enjaz frequently offers free international money transfer promotions through its electronic channels, making it cost-effective for regular users. The service is accessible through the Enjaz app, Bank AlBilad app, and over 800,000 Western Union agent locations worldwide.

Customer Service: 8005000300

Fawri (Bank AlJazira)

Fawri operates as Bank AlJazira’s money transfer service, providing remittance solutions to over 200 countries and territories through partnerships with MoneyGram and RIA, along with direct banking relationships.

The service operates through multiple branches across Saudi Arabia’s regions including Central, Western, Eastern, Northern, and Southern areas, ensuring nationwide accessibility.

Also Read:

SNB QuickPay – Everything You Need To Know

International Services Operating in Saudi Arabia

Western Union

Western Union operates extensively in Saudi Arabia through multiple channels including its own app, Ersal centers, and partnerships with various banks and digital wallets. With over 200 agent locations across the Kingdom, Western Union provides one of the most accessible networks for international money transfers.

Key Features:

Users can send money through the Western Union app, online platform, or in-person at agent locations. The service accepts MADA card payments, making it convenient for Saudi residents.

Contact Numbers:

Ersal

Ersal is a dedicated money transfer company licensed by the Saudi Central Bank, operating through an extensive network of Saudi Post (SPL) branches and standalone centers across the Kingdom. The service is backed by Saudi Post and Alinma Bank, providing strong institutional support.

Key Features:

Ersal operates through both its mobile app and physical branches, offering flexibility in how customers initiate transfers. The service is available through self-service kiosks and traditional branch counters.

How to Choose the Right Money Transfer Service

When selecting a money transfer service in Saudi Arabia, consider these important factors:

1. Destination Country Different services may offer better rates or faster delivery to specific countries. For example:

2. Transfer Amount

3. Speed Requirements

4. Delivery Method

5. Fees and Exchange Rates Always compare the total cost, which includes both:

Many services show fees upfront but may have less competitive exchange rates. Calculate the total amount your recipient will receive before deciding.

6. Accessibility

Tips for Safe and Cost-Effective Money Transfers

  1. Compare Rates Regularly: Exchange rates and fees change frequently. Check multiple services before each transfer.
  2. Use Digital Channels: Apps and online platforms typically offer lower fees than branch visits or call centers.
  3. Watch for Promotions: Services like SNB QuickPay, Tahweel Al Rajhi, and Enjaz regularly offer fee-free transfer periods or prize campaigns.
  4. Verify Recipient Details: Always double-check bank account numbers, names, and addresses to avoid delays or failed transfers.
  5. Keep Transaction Records: Save your tracking numbers (MTCN, reference numbers) and receipts until the recipient confirms receipt. (How to track money transfer)
  6. Understand Limits: Be aware of daily and monthly transfer limits for your chosen service, especially for digital wallets.
  7. Plan Around Holidays: Transfers during Saudi holidays or destination country holidays may experience delays.
  8. Use Official Apps: Download apps only from official sources (Apple App Store, Google Play) to avoid fraud.

Regulatory Framework and Safety

All money transfer services operating in Saudi Arabia must be licensed and regulated by the Saudi Central Bank (SAMA). This regulatory oversight ensures:

When using any service, you’ll need to provide valid identification (Iqama for residents, National ID for Saudi citizens) as per SAMA regulations. This protects both senders and recipients from fraud.

Conclusion

Saudi Arabia offers expatriates a wide range of reliable money transfer options, from cutting-edge digital wallets to established banking networks. Whether you prioritize speed, cost, convenience, or comprehensive coverage, there’s a service that meets your needs.

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