Transferring money from a Saudi account to a uk one

otis1234

Member

Member since 04 October 2016

otis1234

04 October 2016 16:24:27

otis1234

04 October 2016 16:24:27

Hi
I am moving to Saudi in a week or so and my employer has told me I have to open a Saudi account there were my wages will be paid into.
I wasn't aware of this as I thought they would just pay them straight into my UK account.
Does anyone know wether I will have to pay the exchange rate charges and how much roughly it will be? Plus will there be any other charges etc?

I would appreciate any help with this

Kind regards

stressedmom

Serial expat

Member since 05 April 2013

Las Vegas, Nevada

stressedmom

05 October 2016 07:26:06

661

stressedmom

05 October 2016 07:26:06

661

Las Vegas, Nevada

When we transfer to our US account from the Saudi one it is 40 sar each time.

SABB in Saudi is affiliated with HSBC which I think is in the UK so maybe there is less of a fee that way? Not sure.

This was a surprise to us as well as we hadn't planned originally on getting a Saudi bank. Keep in mind you can't open the bank account until you get your iqama so your employer will have to pay you in cash for probably a month to 3 months.