12 Best Money Transfer Services in Saudi Arabia

When it comes to sending money locally or internationally, Saudi Arabia offers a range of efficient and reliable money transfer services. Below, we highlight the 12 best money transfer services in Saudi Arabia, providing detailed insights into their features, benefits, and why they stand out.

1. STC Pay

STC Pay is a leading digital wallet in Saudi Arabia, known for its seamless and secure transactions. The platform offers the following features:

• Wide Accessibility: STC Pay allows users to send money locally and internationally.
• Convenience: Transactions can be initiated via a mobile app.
• Integration with Banks: It integrates easily with local bank accounts.
• Security: It employs advanced encryption for secure transfers.

STC Pay is especially popular for its user-friendly interface and the ability to track transactions in real-time.

2. Tahweel Al Rajhi

Tahweel Al Rajhi, a subsidiary of Al Rajhi Bank, is one of the most trusted remittance services in Saudi Arabia. Key benefits include:

• Global Network: Partnered with over 200 banks worldwide.
• Competitive Rates: Offers attractive exchange rates and low transaction fees.
• Multiple Channels: Transfers can be made via branches, ATMs, or online.
• Fast Transfers: Most international transfers are completed within hours.

This service is ideal for individuals seeking reliability and affordability.

3. SNB Quickpay

The SNB Quickpay service by Saudi National Bank is tailored for expatriates and locals needing fast transfers. Features include:

• 24/7 Availability: Online platform accessible at any time.
• Multiple Currency Support: Transfers can be made in a variety of currencies.
• Partner Network: Collaborates with global money transfer services for swift delivery.
• User-Friendly App: Intuitive app for managing transfers and tracking payments.

With its efficiency and transparency, SNB Quickpay has become a preferred option for many users.

4. Mobily Pay

Mobily Pay is a mobile wallet that combines convenience with affordability. Here’s what sets it apart:

• Digital Wallet Features: Store and send money effortlessly.
• Local and International Transfers: Supports remittances across borders.
• Ease of Use: Accessible via mobile applications.
• Promotions and Discounts: Regular offers on transaction fees.

Mobily Pay is perfect for those who prefer a tech-driven solution for money transfers.

5. Urpay

Urpay offers comprehensive financial solutions, making it a standout money transfer service in Saudi Arabia. Key highlights include:

• All-in-One Solution: Includes payment services, transfers, and utility bill payments.
• Fast Transfers: Ensures quick processing of remittances.
• User-Friendly Interface: Easy-to-navigate mobile app.
• Enhanced Security: Provides a secure environment for all transactions.

Urpay caters to users looking for a flexible and secure platform.

6. Fawri

Fawri, a part of Bank AlJazira, specializes in local and international remittance services. Its features include:

• Global Reach: Partnerships with international financial institutions.
• Affordable Fees: Competitive pricing for money transfers.
• Branch Network: Extensive branch availability for in-person transactions.
• Instant Transfers: Rapid processing for select corridors.

Fawri remains a reliable choice for both individuals and businesses.

7. Enjaz

Enjaz, the remittance arm of Bank AlBilad, is synonymous with speed and security. Key features include:

• Wide Coverage: Services extend to over 200 countries.
• Multiple Transfer Methods: Online, mobile app, and in-branch options.
• Low Transaction Costs: Reasonable fees for all transactions.
• High Security Standards: Advanced fraud prevention mechanisms.

Enjaz’s reputation for efficiency makes it a favorite among expatriates.

8. ANB Telemoney

Arab National Bank’s Telemoney service is an excellent choice for both local and international money transfers. Its key features are:

• Comprehensive Service Options: Supports transfers via ATMs, mobile apps, and branches.
• Strong Global Partnerships: Collaborates with international remittance providers.
• Quick Turnaround: Same-day processing for many transfers.
• Competitive Rates: Offers good exchange rates and low fees.

Telemoney is particularly appealing for those who prioritize speed and affordability.

9. Alinma Pay

Alinma Pay offers digital banking services with a strong focus on money transfers. Highlights include:

• Mobile-First Approach: Fully functional mobile application for managing finances.
• International Transfers: Collaborates with global networks for seamless transactions.
• Enhanced Security: Ensures privacy and safety through encrypted systems.
• Integration: Works smoothly with Alinma Bank accounts.

Alinma Pay is ideal for tech-savvy users seeking reliable financial solutions.

10. Ersal Money Transfer

Ersal is a dedicated remittance service that provides both local and international money transfers. Its features are:

• Extensive Network: Serves over 150 countries globally.
• Cash Pickup Options: Recipients can collect money from partner locations.
• Affordable Rates: Offers low-cost transfer solutions.
• Flexible Payment Options: Supports payments via cash, cards, or bank transfers.

Ersal’s wide network and affordability make it a top choice for customers.

11. Barq App

Barq App is a digital payment solution designed to simplify money transfers. Key features include:

• Innovative Features: Allows peer-to-peer transfers and bill payments.
• Cross-Border Transfers: Supports remittances to multiple countries.
• User-Centric Design: Easy-to-use interface tailored for all age groups.
• Secure Transactions: Utilizes robust security measures.

Barq App is excellent for users looking for a modern and straightforward solution.

12. Tiqmo App

Tiqmo App is a cutting-edge money transfer platform that provides fast and secure services. Notable features include:

• Instant Transfers: Real-time processing for local and international payments.
• Flexible Options: Allows both bank transfers and cash pickups.
• Low Fees: Affordable rates for all services.
• User-Friendly App: Designed for seamless navigation.

Tiqmo App is a great option for those prioritizing speed and convenience.

By choosing the right money transfer service, you can ensure quick, secure, and cost-effective transactions. Each of these services offers unique benefits to cater to different needs, making it easier than ever to send money within or outside Saudi Arabia.