Money Transfer from Saudi to UK

Last activity 30 July 2014 by Lungort

1428 Views

2 replies

Post new topic

magicahmedMember29 July 2014 17:45:31

Hi,

Shortly I will be moving to Riyadh to work as an ESL instructor. I am hoping to transfer a significant portion of my salary back to the UK, to save as a deposit for a house.

What is the most cost-efficient way to transfer money back to the UK from Saudi Arabia? Which bank in the UK is most receptive to ex-pat money from abroad? I would really appreciate some general advice on the best set-up to maximise the net amount of money ending up in my UK account.

Details: My pay is 11'500 SAR per month. From this, I hope to send a minimum of 7'500 SAR every month. I don't mind waiting for, say, three months and then sending a larger lump sum if it is more cost effective. I am not worried about timings either, as I'll be in Saudi and I won't be spending the money for at least two years.

I would really appreciate some help.

Harry Rowback

25januaryContributor29 July 2014 20:14:13

175

Hi Harry!

Welcome in Saudi Arabia

I think the following agencies will satisfy your needs

1- Western union.

2- Speed cash.

Anyway do not be worry about transferring money from Saudi Arabia

Regards,

Ahmed

LungortMember30 July 2014 10:36:16

Hi

Did not use it yet, but heard good things about transferwise

Cheers

Articles to help you in your expat project in Saudi Arabia

Opening a bank account in Saudi Arabia
One of the first and most important tasks for expats in Saudi Arabia is to get their bank accounts open and ...
Banking in KSA
My personal experience recommends that the foreign banks are far better and easier to deal with in terms of ...
Everything you need to know as an expat woman in Saudi Arabia
Saudi Arabia can be a challenging destination for women. As a strict Islamic country, Saudi Arabia imposes a lot ...
Dating in Saudi Arabia
If there was one adjective that could describe dating in Saudi Arabia, it would be the word 'discreet'. ...
Getting married in Saudi Arabia
Saudi Arabia is a country that holds marriage and family as one of its core values. It is a privilege to get ...
Driving in Saudi Arabia
Driving in Saudi Arabia is the easiest and most convenient way to get around. That being said, expats in Saudi ...
Moving to Saudi Arabia with your pet
Saudi Arabia is governed by the Shari'a, which is the Islamic Law. According to Wahhabism, animals, and dogs, ...
Accommodation in Dammam
Dammam is the capital city of the Eastern Province, which is made up of smaller cities that, together, form the ...