Want to transfer money to Saudi Arabia? Considering a wire to transfer money to Saudi Arabia? Before you visit your financial institution to organise it, make sure you check out the wire transfer fees. You might get a shock the amount the fees will be and depending on the amount of the wire, it might make more sense to forward the money by other methods.
What makes it worse is in addition to your bank adding a fee for sending the money to a place in Saudi Arabia, the recipient getting the money transfer may be charged a fee from the bank at their end. A way to reduce the possibility of the charge is to send the international wire transfer in the currency of their account.
To make a bank wire transfer to Saudi Arabia, you may need a SWIFT code. These are different for each financial institution and are based on things such as the country and individual bank.
Bank wire details for Saudi Arabia
- Country – Saudi Arabia
- SWIFT Country Code – SA
- Central Bank Name – Saudi Arabian Monetary Agency
- Currency – Saudi Riyal
- Currency Code – SAR