How to send money to Saudi Arabia from Canada with the best CAD-SAR rate

Instarem is the cheapest way to send money from Canada to Saudi Arabia based on the 9 companies we analyzed, giving your recipient 2,664 SAR from CA$1,000.

Best companies for CAD/SAR transfers

9 of 9 providers

Last updated on 28 October 2026

Based on 1,000 CAD transfer

Best companies for CAD/SAR transfers

Sort Cheapest
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Wise

Pay via Bank Transfer
Fees: $24.15 1 CAD = 2.6687 SAR -0.06% vs mid-market Recipient gets SAR 2,604.21 Within a week
Receive to bank accountDedicated support for large transfers

Ways to receive money in Saudi Arabia with Wise when paying by bank transfer.

MethodFee & ratesRecipient gets
Bank depositWithin a weekAvailable via:SWIFT
$24.151 CAD = 2.6687 SAR
SAR 2,604.21You pay$1,000.00
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Instarem

Pay via Interac
Fees: $0.00 1 CAD = 2.6640 SAR +0.12% vs mid-market Recipient gets SAR 2,664.00 6-12 Hours
Receive to bank account

Ways to receive money in Saudi Arabia with Instarem when paying by interac.

MethodFee & ratesRecipient gets
Bank deposit6-12 Hours
Free1 CAD = 2.6640 SAR
SAR 2,664.00You pay$1,000.00

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Showing top Canada to Saudi Arabia deals for 1,000 CAD. Do a live search with your exact amount for today's best rates.

Instarem

Pay via Interac
Fees: $0.00 1 CAD = 2.6640 SAR +0.12% vs mid-market Recipient gets SAR 2,664.00 6-12 Hours
Cheapest
Receive to bank account

Ways to receive money in Saudi Arabia with Instarem when paying by interac.

MethodFee & ratesRecipient gets
Bank deposit6-12 Hours
Free1 CAD = 2.6640 SAR
SAR 2,664.00You pay$1,000.00

Paysend

Pay via Debit Card
Fees: $0.00 1 CAD = 2.6577 SAR +0.35% vs mid-market Recipient gets SAR 2,657.73 6-12 Hours

Ways to receive money in Saudi Arabia with Paysend when paying by debit card.

MethodFee & ratesRecipient gets
Bank deposit6-12 Hours
Free1 CAD = 2.6577 SAR
SAR 2,657.73You pay$1,000.00

Paysend

Pay via Credit Card
Fees: $0.00 1 CAD = 2.6577 SAR +0.35% vs mid-market Recipient gets SAR 2,657.73 6-12 Hours

Ways to receive money in Saudi Arabia with Paysend when paying by credit card.

MethodFee & ratesRecipient gets
Bank deposit6-12 Hours
Free1 CAD = 2.6577 SAR
SAR 2,657.73You pay$1,000.00

OFX

Pay via Bank Transfer
Fees: $0.00 1 CAD = 2.6498 SAR +0.65% vs mid-market Recipient gets SAR 2,649.79 6-12 Hours
Receive to bank account

Ways to receive money in Saudi Arabia with OFX when paying by bank transfer.

MethodFee & ratesRecipient gets
Bank deposit6-12 Hours
Free1 CAD = 2.6498 SAR
SAR 2,649.79You pay$1,000.00

Remitly

Pay via Debit Card
Fees: $0.00 1 CAD = 2.6329 SAR +1.29% vs mid-market Recipient gets SAR 2,632.90 Within minutes
Fastest
Receive to bank account or cash pickup

Ways to receive money in Saudi Arabia with Remitly when paying by debit card.

MethodFee & ratesRecipient gets
Bank depositWithin minutes
Free1 CAD = 2.6329 SAR
SAR 2,632.90You pay$1,000.00

Remitly

Pay via Bank Transfer
Fees: $0.00 1 CAD = 2.6329 SAR +1.29% vs mid-market Recipient gets SAR 2,632.90 Within a week
Receive to bank account or cash pickup

Ways to receive money in Saudi Arabia with Remitly when paying by bank transfer.

MethodFee & ratesRecipient gets
Bank depositWithin a week
Free1 CAD = 2.6329 SAR
SAR 2,632.90You pay$1,000.00

Remitly

Pay via Interac
Fees: $0.00 1 CAD = 2.6329 SAR +1.29% vs mid-market Recipient gets SAR 2,632.90 Within a week
Receive to bank account or cash pickup

Ways to receive money in Saudi Arabia with Remitly when paying by interac.

MethodFee & ratesRecipient gets
Bank depositWithin a week
Free1 CAD = 2.6329 SAR
SAR 2,632.90You pay$1,000.00

Remitly

Pay via Credit Card
Fees: $20.00 1 CAD = 2.6329 SAR +1.29% vs mid-market Recipient gets SAR 2,632.90 Within minutes
Receive to bank account or cash pickup

Ways to receive money in Saudi Arabia with Remitly when paying by credit card.

MethodFee & ratesRecipient gets
Bank depositWithin minutes
$20.001 CAD = 2.6329 SAR
SAR 2,632.90You pay$1,020.00

Remitbee

Pay via Interac
Fees: $0.00 1 CAD = 2.6264 SAR +1.54% vs mid-market Recipient gets SAR 2,626.40 Next Day
0 reviews

Ways to receive money in Saudi Arabia with Remitbee when paying by interac.

MethodFee & ratesRecipient gets
Bank depositNext Day
Free1 CAD = 2.6264 SAR
SAR 2,626.40You pay$1,000.00

Remitbee

Pay via Bill payment
Fees: $0.00 1 CAD = 2.6264 SAR +1.54% vs mid-market Recipient gets SAR 2,626.40 Next Day
0 reviews

Ways to receive money in Saudi Arabia with Remitbee when paying by bill payment.

MethodFee & ratesRecipient gets
Bank depositNext Day
Free1 CAD = 2.6264 SAR
SAR 2,626.40You pay$1,000.00

Remitbee

Pay via Bank Transfer
Fees: $0.00 1 CAD = 2.6264 SAR +1.54% vs mid-market Recipient gets SAR 2,626.40 Next Day
0 reviews

Ways to receive money in Saudi Arabia with Remitbee when paying by bank transfer.

MethodFee & ratesRecipient gets
Bank depositNext Day
Free1 CAD = 2.6264 SAR
SAR 2,626.40You pay$1,000.00
$0 fee on first online transfers

MoneyGram

Pay via Debit Card
Fees: $5.99 1 CAD = 2.6086 SAR +2.22% vs mid-market Recipient gets SAR 2,608.60 6-12 Hours

Ways to receive money in Saudi Arabia with MoneyGram when paying by debit card.

MethodFee & ratesRecipient gets
Cash pickup6-12 Hours
$5.991 CAD = 2.6086 SAR
SAR 2,608.60You pay$1,005.99
$0 fee on first online transfers

MoneyGram

Pay via Credit Card
Fees: $5.99 1 CAD = 2.6086 SAR +2.22% vs mid-market Recipient gets SAR 2,608.60 6-12 Hours

Ways to receive money in Saudi Arabia with MoneyGram when paying by credit card.

MethodFee & ratesRecipient gets
Cash pickup6-12 Hours
$5.991 CAD = 2.6086 SAR
SAR 2,608.60You pay$1,005.99
$0 fee on first online transfers

MoneyGram

Pay via Cash deposit
Fees: $5.99 1 CAD = 2.6086 SAR +2.22% vs mid-market Recipient gets SAR 2,608.60 6-12 Hours

Ways to receive money in Saudi Arabia with MoneyGram when paying by cash deposit.

MethodFee & ratesRecipient gets
Cash pickup6-12 Hours
$5.991 CAD = 2.6086 SAR
SAR 2,608.60You pay$1,005.99

Wise

Pay via Bank Transfer
Fees: $24.15 1 CAD = 2.6687 SAR -0.06% vs mid-market Recipient gets SAR 2,604.21 Within a week
Recommended
Receive to bank accountDedicated support for large transfers

Ways to receive money in Saudi Arabia with Wise when paying by bank transfer.

MethodFee & ratesRecipient gets
Bank depositWithin a weekAvailable via:SWIFT
$24.151 CAD = 2.6687 SAR
SAR 2,604.21You pay$1,000.00

Remitbee

Pay via Debit Card
Fees: $8.99 1 CAD = 2.6264 SAR +1.54% vs mid-market Recipient gets SAR 2,602.79 Next Day
0 reviews

Ways to receive money in Saudi Arabia with Remitbee when paying by debit card.

MethodFee & ratesRecipient gets
Bank depositNext Day
$8.991 CAD = 2.6264 SAR
SAR 2,602.79You pay$1,000.00

RBC

Pay via Bank Transfer
Fees: $0.00 1 CAD = 2.5965 SAR +2.68% vs mid-market Recipient gets SAR 2,596.53 6-12 Hours
0 reviews

Ways to receive money in Saudi Arabia with RBC when paying by bank transfer.

MethodFee & ratesRecipient gets
Bank deposit6-12 Hours
Free1 CAD = 2.5965 SAR
SAR 2,596.53You pay$1,000.00

Wise

Pay via Interac
Fees: $29.78 1 CAD = 2.6687 SAR -0.06% vs mid-market Recipient gets SAR 2,589.19 Same day
Receive to bank accountDedicated support for large transfers

Ways to receive money in Saudi Arabia with Wise when paying by interac.

MethodFee & ratesRecipient gets
Bank depositSame dayAvailable via:SWIFT
$29.781 CAD = 2.6687 SAR
SAR 2,589.19You pay$1,000.00

Wise

Pay via Debit Card
Fees: $34.90 1 CAD = 2.6687 SAR -0.06% vs mid-market Recipient gets SAR 2,575.52 Same day
Receive to bank accountDedicated support for large transfers

Ways to receive money in Saudi Arabia with Wise when paying by debit card.

MethodFee & ratesRecipient gets
Bank depositSame dayAvailable via:SWIFT
$34.901 CAD = 2.6687 SAR
SAR 2,575.52You pay$1,000.00

TD Bank

Pay via Bank Transfer
Fees: $0.00 1 CAD = 2.5572 SAR +4.21% vs mid-market Recipient gets SAR 2,557.21 6-12 Hours

Ways to receive money in Saudi Arabia with TD Bank when paying by bank transfer.

MethodFee & ratesRecipient gets
Bank deposit6-12 Hours
Free1 CAD = 2.5572 SAR
SAR 2,557.21You pay$1,000.00

Wise

Pay via Credit Card
Fees: $49.30 1 CAD = 2.6687 SAR -0.06% vs mid-market Recipient gets SAR 2,537.10 Same day
Receive to bank accountDedicated support for large transfers

Ways to receive money in Saudi Arabia with Wise when paying by credit card.

MethodFee & ratesRecipient gets
Bank depositSame dayAvailable via:SWIFT
$49.301 CAD = 2.6687 SAR
SAR 2,537.10You pay$1,000.00
How Our Results Work
Mid-market rate: 1 CAD = 2.6671 SAR Updates every 60 minutes.

How to send money from Canada to Saudi Arabia

Pick a company

Start with the cheapest, which is Instarem at 2,664 SAR on CA$1,000.

Instarem was the cheapest on 7 of the 13 days it quoted CA$1,000 transfers to Saudi Arabia.

More than half of Canadians sending money still pay at a store counter. The same company is often cheaper online.

Fund your transfer

You have 6 ways to pay, including bank transfer, debit card, interac, credit card, bill payment, and cash deposit.

Interac e-Transfer is how most companies take your money, moving it into their Canadian account so they can carry it over the border.

Verify and send

First time round you'll need a photo ID, and often where the money came from.

Your first transfer will be slower than the ones after it because of those checks, so send it a few days before it's needed.

Compare amounts

How much CAD are you sending to Saudi Arabia?

How much CAD you send to Saudi Arabia heavily affects the best ways and the cheapest options. Use the table below to check how the cheapest options change and how much more you'd get by comparing.

Our analysis shows Instarem was the cheapest in 50% of the transfers up to C$1,000 it quoted, and in 50% of all the transfers it quoted.

Cheapest service
$1000.36%$0.00SAR 265.83with debit card to bank deposit+SAR 12.54
$5000.40%$0.00SAR 1,328.86with debit card to bank deposit+SAR 25.58
$1,000This page0.12%$0.00SAR 2,664.00with interac to bank deposit+SAR 48.36
$3,0000.65%$0.00SAR 7,951.74with bank transfer to bank deposit+SAR 104.37
$10,0000.25%$0.00SAR 26,608.35with bank transfer to bank deposit+SAR 324.72
$50,0000.20%$0.00SAR 133,136.84with bank transfer to bank deposit+SAR 1,617.96

Mid-market rate: 1 CAD = 2.6671 SAR

CAD/SAR Exchange Rate History

Is today a good time to send money from Canada to Saudi Arabia?

The cheapest way to send CAD to SAR can change every day, or stay with the same company all month.

We've compared the mid-market rate with the cheapest option each day (today it's Instarem), across 30 days of comparisons for 1,000 CAD transfers to Saudi Arabia.

SAR received for $1,000, after fees

Wed, Oct 28, 2026Mid-market rateSAR 2,667.13 Instarem SAR 2,664.00 RBC SAR 2,596.53InstaremSAR 2,664.00PaysendSAR 2,657.73OFXSAR 2,649.79Extra cost of a bankSAR 67.47

2,500
2,550
2,600
2,650
2,700
At the mid-market rateWith the cheapest optionWith a bankInstaremPaysendOFX
Exchange rateFees:Recipient getsDifference
Mid-market rate 2.6478 – SAR 2,647.80
Remitbee Cheapest 2.6640 $0.00 SAR 2,664.00 +SAR 16.20
Instarem 2.6416 $0.00 SAR 2,641.60 −SAR 6.20
Paysend 2.6356 $0.00 SAR 2,635.57 −SAR 12.23
OFX 2.6306 $0.00 SAR 2,630.59 −SAR 17.21
RBC 2.5792 $0.00 SAR 2,579.18 −SAR 68.62
Exchange rateFees:Recipient getsDifference
Mid-market rate 2.6473 – SAR 2,647.29
Remitbee Cheapest 2.6640 $0.00 SAR 2,664.00 +SAR 16.71
Paysend 2.6364 $0.00 SAR 2,636.44 −SAR 10.85
OFX 2.6301 $0.00 SAR 2,630.08 −SAR 17.21
RBC 2.5766 $0.00 SAR 2,576.63 −SAR 70.66
Instarem No quote collected this day – – – –
Exchange rateFees:Recipient getsDifference
Mid-market rate 2.6544 – SAR 2,654.44
Remitbee Cheapest 2.6640 $0.00 SAR 2,664.00 +SAR 9.56
OFX 2.6372 $0.00 SAR 2,637.18 −SAR 17.26
Instarem 2.6312 $0.00 SAR 2,631.20 −SAR 23.24
Paysend 2.6247 $0.00 SAR 2,624.71 −SAR 29.73
RBC 2.5766 $0.00 SAR 2,576.63 −SAR 77.81
Exchange rateFees:Recipient getsDifference
Mid-market rate 2.6473 – SAR 2,647.31
Remitbee Cheapest 2.6640 $0.00 SAR 2,664.00 +SAR 16.69
Instarem 2.6363 $0.00 SAR 2,636.30 −SAR 11.01
OFX 2.6301 $0.00 SAR 2,630.10 −SAR 17.21
Paysend 2.6300 $0.00 SAR 2,630.04 −SAR 17.27
RBC 2.5677 $0.00 SAR 2,567.73 −SAR 79.58
Exchange rateFees:Recipient getsDifference
Mid-market rate 2.6228 – SAR 2,622.78
Remitbee Cheapest 2.6640 $0.00 SAR 2,664.00 +SAR 41.22
Instarem 2.6298 $0.00 SAR 2,629.80 +SAR 7.02
Paysend 2.6239 $0.00 SAR 2,623.95 +SAR 1.17
OFX 2.6057 $0.00 SAR 2,605.74 −SAR 17.04
RBC 2.5677 $0.00 SAR 2,567.73 −SAR 55.05
Exchange rateFees:Recipient getsDifference
Mid-market rate 2.6270 – SAR 2,626.96
Remitbee Cheapest 2.6640 $0.00 SAR 2,664.00 +SAR 37.04
Paysend 2.6239 $0.00 SAR 2,623.91 −SAR 3.05
OFX 2.6099 $0.00 SAR 2,609.89 −SAR 17.07
RBC 2.5615 $0.00 SAR 2,561.48 −SAR 65.48
Instarem No quote collected this day – – – –
Exchange rateFees:Recipient getsDifference
Mid-market rate 2.6245 – SAR 2,624.53
Remitbee Cheapest 2.6640 $0.00 SAR 2,664.00 +SAR 39.47
Paysend 2.6193 $0.00 SAR 2,619.32 −SAR 5.21
OFX 2.6075 $0.00 SAR 2,607.47 −SAR 17.06
RBC 2.5576 $0.00 SAR 2,557.65 −SAR 66.88
Instarem No quote collected this day – – – –
Exchange rateFees:Recipient getsDifference
Mid-market rate 2.6237 – SAR 2,623.71
Remitbee Cheapest 2.6640 $0.00 SAR 2,664.00 +SAR 40.29
Paysend 2.6181 $0.00 SAR 2,618.06 −SAR 5.65
OFX 2.6067 $0.00 SAR 2,606.65 −SAR 17.06
RBC 2.5576 $0.00 SAR 2,557.65 −SAR 66.06
Instarem No quote collected this day – – – –
Exchange rateFees:Recipient getsDifference
Mid-market rate 2.6365 – SAR 2,636.52
Remitbee Cheapest 2.6640 $0.00 SAR 2,664.00 +SAR 27.48
Paysend 2.6289 $0.00 SAR 2,628.92 −SAR 7.60
OFX 2.6194 $0.00 SAR 2,619.38 −SAR 17.14
RBC 2.5679 $0.00 SAR 2,567.87 −SAR 68.65
Instarem No quote collected this day – – – –
Exchange rateFees:Recipient getsDifference
Mid-market rate 2.6329 – SAR 2,632.89
Remitbee Cheapest 2.6640 $0.00 SAR 2,664.00 +SAR 31.11
Paysend 2.6223 $0.00 SAR 2,622.27 −SAR 10.62
OFX 2.6158 $0.00 SAR 2,615.78 −SAR 17.11
RBC 2.5600 $0.00 SAR 2,559.98 −SAR 72.91
Instarem No quote collected this day – – – –
Exchange rateFees:Recipient getsDifference
Mid-market rate 2.6429 – SAR 2,642.85
Remitbee Cheapest 2.6640 $0.00 SAR 2,664.00 +SAR 21.15
Paysend 2.6302 $0.00 SAR 2,630.23 −SAR 12.62
OFX 2.6257 $0.00 SAR 2,625.67 −SAR 17.18
RBC 2.5600 $0.00 SAR 2,559.98 −SAR 82.87
Instarem No quote collected this day – – – –
Exchange rateFees:Recipient getsDifference
Mid-market rate 2.6307 – SAR 2,630.67
Remitbee Cheapest 2.6640 $0.00 SAR 2,664.00 +SAR 33.33
Instarem 2.6293 $0.00 SAR 2,629.30 −SAR 1.37
Paysend 2.6241 $0.00 SAR 2,624.15 −SAR 6.52
OFX 2.6136 $0.00 SAR 2,613.57 −SAR 17.10
RBC 2.5601 $0.00 SAR 2,560.11 −SAR 70.56
Exchange rateFees:Recipient getsDifference
Mid-market rate 2.6307 – SAR 2,630.67
Remitbee Cheapest 2.6640 $0.00 SAR 2,664.00 +SAR 33.33
Instarem 2.6293 $0.00 SAR 2,629.30 −SAR 1.37
Paysend 2.6227 $0.00 SAR 2,622.68 −SAR 7.99
OFX 2.6136 $0.00 SAR 2,613.57 −SAR 17.10
RBC 2.5615 $0.00 SAR 2,561.48 −SAR 69.19
Exchange rateFees:Recipient getsDifference
Mid-market rate 2.6376 – SAR 2,637.58
Remitbee Cheapest 2.6640 $0.00 SAR 2,664.00 +SAR 26.42
Paysend 2.6266 $0.00 SAR 2,626.63 −SAR 10.95
OFX 2.6204 $0.00 SAR 2,620.44 −SAR 17.14
RBC 2.5636 $0.00 SAR 2,563.57 −SAR 74.01
Instarem No quote collected this day – – – –
Exchange rateFees:Recipient getsDifference
Mid-market rate 2.6334 – SAR 2,633.37
Paysend Cheapest 2.6218 $0.00 SAR 2,621.84 −SAR 11.53
OFX 2.6163 $0.00 SAR 2,616.25 −SAR 17.12
RBC 2.5612 $0.00 SAR 2,561.24 −SAR 72.13
Instarem No quote collected this day – – – –
Exchange rateFees:Recipient getsDifference
Mid-market rate 2.6436 – SAR 2,643.65
Instarem Cheapest 2.6387 $0.00 SAR 2,638.70 −SAR 4.95
Paysend 2.6326 $0.00 SAR 2,632.57 −SAR 11.07
OFX 2.6265 $0.00 SAR 2,626.46 −SAR 17.18
RBC 2.5687 $0.00 SAR 2,568.71 −SAR 74.93
Exchange rateFees:Recipient getsDifference
Mid-market rate 2.5868 – SAR 2,586.75
Instarem Cheapest 2.6354 $0.00 SAR 2,635.40 +SAR 48.65
Paysend 2.6293 $0.00 SAR 2,629.29 +SAR 42.54
OFX 2.5699 $0.00 SAR 2,569.94 −SAR 16.81
RBC 2.5690 $0.00 SAR 2,569.04 −SAR 17.71
Exchange rateFees:Recipient getsDifference
Mid-market rate 2.6471 – SAR 2,647.09
Paysend Cheapest 2.6372 $0.00 SAR 2,637.23 −SAR 9.86
OFX 2.6299 $0.00 SAR 2,629.88 −SAR 17.21
RBC 2.5690 $0.00 SAR 2,569.04 −SAR 78.05
Instarem No quote collected this day – – – –
Exchange rateFees:Recipient getsDifference
Mid-market rate 2.6508 – SAR 2,650.84
Paysend Cheapest 2.6433 $0.00 SAR 2,643.31 −SAR 7.53
OFX 2.6336 $0.00 SAR 2,633.61 −SAR 17.23
RBC 2.5820 $0.00 SAR 2,581.98 −SAR 68.86
Instarem No quote collected this day – – – –
Exchange rateFees:Recipient getsDifference
Mid-market rate 2.6508 – SAR 2,650.78
Paysend Cheapest 2.6433 $0.00 SAR 2,643.31 −SAR 7.47
OFX 2.6335 $0.00 SAR 2,633.55 −SAR 17.23
RBC 2.5820 $0.00 SAR 2,581.98 −SAR 68.80
Instarem No quote collected this day – – – –
Exchange rateFees:Recipient getsDifference
Mid-market rate 2.6700 – SAR 2,669.99
OFX Cheapest 2.6526 $0.00 SAR 2,652.63 −SAR 17.36
Paysend 2.6469 $0.00 SAR 2,646.87 −SAR 23.12
RBC 2.5835 $0.00 SAR 2,583.46 −SAR 86.53
Instarem No quote collected this day – – – –
Exchange rateFees:Recipient getsDifference
Mid-market rate 2.6729 – SAR 2,672.89
Instarem Cheapest 2.6601 $0.00 SAR 2,660.10 −SAR 12.79
OFX 2.6555 $0.00 SAR 2,655.51 −SAR 17.38
Paysend 2.6535 $0.00 SAR 2,653.46 −SAR 19.43
RBC 2.5936 $0.00 SAR 2,593.62 −SAR 79.27
Exchange rateFees:Recipient getsDifference
Mid-market rate 2.6681 – SAR 2,668.10
Paysend Cheapest 2.6575 $0.00 SAR 2,657.46 −SAR 10.64
OFX 2.6508 $0.00 SAR 2,650.76 −SAR 17.34
RBC 2.5957 $0.00 SAR 2,595.66 −SAR 72.44
Instarem No quote collected this day – – – –
Exchange rateFees:Recipient getsDifference
Mid-market rate 2.6864 – SAR 2,686.36
Instarem Cheapest 2.6701 $0.00 SAR 2,670.10 −SAR 16.26
OFX 2.6689 $0.00 SAR 2,668.90 −SAR 17.46
Paysend 2.6637 $0.00 SAR 2,663.70 −SAR 22.66
RBC 2.5999 $0.00 SAR 2,599.92 −SAR 86.44
Exchange rateFees:Recipient getsDifference
Mid-market rate 2.6784 – SAR 2,678.37
Instarem Cheapest 2.6734 $0.00 SAR 2,673.40 −SAR 4.97
Paysend 2.6671 $0.00 SAR 2,667.12 −SAR 11.25
OFX 2.6610 $0.00 SAR 2,660.96 −SAR 17.41
RBC 2.5999 $0.00 SAR 2,599.92 −SAR 78.45
Exchange rateFees:Recipient getsDifference
Mid-market rate 2.6804 – SAR 2,680.41
Instarem Cheapest 2.6751 $0.00 SAR 2,675.10 −SAR 5.31
Paysend 2.6685 $0.00 SAR 2,668.51 −SAR 11.90
OFX 2.6630 $0.00 SAR 2,662.99 −SAR 17.42
RBC 2.6055 $0.00 SAR 2,605.52 −SAR 74.89
Exchange rateFees:Recipient getsDifference
Mid-market rate 2.6804 – SAR 2,680.41
Paysend Cheapest 2.6691 $0.00 SAR 2,669.11 −SAR 11.30
OFX 2.6630 $0.00 SAR 2,662.99 −SAR 17.42
RBC 2.6055 $0.00 SAR 2,605.52 −SAR 74.89
Instarem No quote collected this day – – – –
Exchange rateFees:Recipient getsDifference
Mid-market rate 2.6731 – SAR 2,673.13
Paysend Cheapest 2.6680 $0.00 SAR 2,667.97 −SAR 5.16
OFX 2.6558 $0.00 SAR 2,655.75 −SAR 17.38
RBC 2.6027 $0.00 SAR 2,602.70 −SAR 70.43
Instarem No quote collected this day – – – –
Exchange rateFees:Recipient getsDifference
Mid-market rate 2.6709 – SAR 2,670.93
Paysend Cheapest 2.6655 $0.00 SAR 2,665.55 −SAR 5.38
OFX 2.6536 $0.00 SAR 2,653.57 −SAR 17.36
RBC 2.6027 $0.00 SAR 2,602.72 −SAR 68.21
Instarem No quote collected this day – – – –
Exchange rateFees:Recipient getsDifference
Mid-market rate 2.6671 – SAR 2,667.13
Instarem Cheapest 2.6640 $0.00 SAR 2,664.00 −SAR 3.13
Paysend 2.6577 $0.00 SAR 2,657.73 −SAR 9.39
OFX 2.6498 $0.00 SAR 2,649.79 −SAR 17.34
RBC 2.5965 $0.00 SAR 2,596.53 −SAR 70.59

Exchange rateFees:Recipient getsDifference

Each line shows what the recipient gets when you send $1,000, after fees, as quoted by each company. The mid-market line shows what $1,000 converts to at the real exchange rate, with no fees or markup. Rates are checked once a day. Sponsored placements never affect this data. The bank line is the cheapest bank available on each day.

The dashed line is what you'd get at the mid-market rate with no fees, and the blue line is the cheapest option that day.

When the blue line goes above the dashed one, you're getting more SAR per CAD than the mid-market rate can offer.

This could be due to money transfer offers, FX rate adjustments, or market competitiveness.

In the past month, a money transfer company beat the mid-market rate on 15 of the last 30 days.

Right now, Instarem pays 2,664 SAR on 1,000 CAD, which is 3.12 SAR less than the mid-market amount.

Today's payout isn't the best this month though, since the highest receive amount was 2,675.1 SAR.

If you can wait and want to get the most out of your transfer, create a rate alert and we'll let you know when the rate improves.

Cheapest over time

Picking the cheapest money transfer company

Just because a company is the cheapest today doesn't mean it's always the best option for sending money to Saudi Arabia.

We've tracked 180 comparisons to check how often today's top companies were the cheapest across 6 amounts over the past month.

  1. InstaremAppeared in 38 comparisons

    Cheapest in 50% of them

  2. PaysendAppeared in 91 comparisons

    Cheapest in 30% of them

  3. OFXAppeared in 147 comparisons

    Cheapest in 11% of them

  4. RBCAppeared in 89 comparisons

    Never the cheapest

Based on 180 comparisons across 6 amounts over the last 30 days.

Different companies can come out cheapest depending on the day and the amount you send.

To keep things fair, we only count the comparisons each company appeared in, and only analyze companies that appeared in at least 50% of all comparisons (so occasional cheapest options don't skew it).

Today Instarem is the cheapest, but it only quotes some of the amounts we track, so it isn't included in these figures.

Paysend (today's second cheapest) was the cheapest in only 30% of its comparisons, so it's rarely the cheapest option for transfers to Saudi Arabia.

Ways to send money from Canada to Saudi Arabia

There are 9 companies sending money to Saudi Arabia, but how you send depends on your needs.

Most common option

In-person transfers

Hand your cash over the counter and your recipient can collect it the same day without needing an app or bank account.

Bring CA$1,000 in cash to the closest Remitly location, and your recipient picks up 2,632.9 SAR within minutes.

Our data shows Remitly came out cheapest among in-person options on 100% of days in the past month.

Cash transfers cost more

Cash transfer to Saudi Arabia is usually the most expensive option, compare your options above to get the best deal.

For transfers home

Money transfer apps

An app does the same job as the store for less, and you top it up with an Interac e-Transfer, the same way you'd send money to a friend.

Instarem charges CA$0 in fees and adds 0.12% markup, so your CA$1,000 delivers 2,664 SAR in 6-12 hours.

Over the past month, Instarem was the cheapest app on 54% of the days it appeared for CA$1,000 transfers.

You don't need a SIN to sign up either, a passport works.

For one-off transfers

Online transfers

For bigger or less frequent transfers, compare a couple of online services on the day, and pick the cheapest.

Of the 9 companies we compared, Instarem is the cheapest online service and currently gets you 2,664 SAR on a CA$1,000 transfer after a CA$0 fee and 0.12% markup.

In our comparisons over the past month, it was the cheapest online service on 7 of the 13 days it quoted.

Funding by bank transfer (EFT) is cheapest but takes 1-2 days to clear, and Interac e-Transfer or debit card is faster but pricier.

The most expensive way

Banks

A wire from your bank carries a $30 to $80 fee, plus another 1.5 to 3% inside the exchange rate that you won't see itemized anywhere.

On a CA$1,000 transfer, a bank like RBC delivers 2,596.53 SAR, against 2,664 SAR with Instarem.

We found RBC was the cheapest bank on 30 of the 30 days it appeared for this amount.

The wire can feel like the safer choice for a big amount, but bank deposit insurance and the safeguards used by money transfer companies are just as safe, just different protections.

For large transfers from Canada

Currency brokers

For property, tuition, moving from Canada, or an inheritance, a broker is the best and usually the cheapest option.

Brokers like OFX charge no fees but add 0.65% on CAD/SAR interbank rate.

The markup gets lower the more you send, with an account manager handling it end to end.

Our analysis shows OFX was the cheapest broker in 60% of all the transfers it quoted.

If you're sending large amounts, expect more questions about the transfers, so have statements and documents ready to avoid delays.

For businesses paying abroad

Global accounts

Global accounts handle the business side, paying suppliers, contractors and overseas invoices in SAR.

Companies like OFX, Airwallex, or WorldFirst are set up for the batch and recurring payments a personal app can't do.

For spending abroad and getting paid

Multi-currency accounts

If part of your life runs in SAR, be it spending it, saving it, or waiting for a better rate, a multi-currency account can hold it alongside your CAD.

Wise lets you hold CAD and SAR, and convert between them at low cost.

For example, converting $1,000 costs $24.15 in fees at -0.06% markup, which gets you 2,604.21 SAR.

Over the past month, it came out cheapest among multi-currency accounts on 100% of days.

Ways to fund CAD and receive SAR in Saudi Arabia

With Instarem, paying by interac and receiving through bank deposit is the cheapest combination. Sending CA$1,000 gives your recipient 2,664 SAR.

Our data shows that Instarem gets your recipient 67.47 SAR more than RBC, today's cheapest bank, on the same CA$1,000.

Deposit CAD using bank transfer, debit card, interac, credit card, bill payment, and cash deposit.

I suggest using Interac e-Transfer for simplicity

Follow the company's Interac instructions and check the business name before sending.

Do not send to an email address supplied outside the company's app or website.

The recipient can receive SAR through bank deposit and cash pickup.

For a bank deposit payout, you will need the recipient's bank details in Saudi Arabia.

  1. 1
    Interac Bank deposit

    You pay CA$1,000.00

    SAR2,664

    Cheapest

  2. 2
    debit card Bank deposit

    You pay CA$1,000.00

    SAR2,658

    -SAR6

  3. 3
    credit card Bank deposit

    You pay CA$1,000.00

    SAR2,658

    -SAR6

  4. 4
    Bank transfer Bank deposit

    You pay CA$1,000.00

    SAR2,650

    -SAR14

  5. 5
    Bill payment Bank deposit

    You pay CA$1,000.00

    SAR2,626

    -SAR38

Show moreShow less
  1. 6
    debit card Cash pickup

    You pay CA$1,005.99

    SAR2,609

    -SAR55

  2. 7
    credit card Cash pickup

    You pay CA$1,005.99

    SAR2,609

    -SAR55

  3. 8
    Cash deposit Cash pickup

    You pay CA$1,005.99

    SAR2,609

    -SAR55

Consider this when sending CAD to Saudi Arabia

Interac can fund an international transfer, but it does not send money abroad by itself. You should also know what happens when a transfer reaches the FINTRAC reporting threshold.

Compare CAD/SAR transfer options

For a CA$1,000 transfer to Saudi Arabia, these are the cheapest, fastest and easiest options available now.

Best way to send money to Saudi Arabia

Instarem is the cheapest and easiest option, funded by interac with bank deposit for the payout. Your recipient gets 2,664 SAR, which is 0.24% more than the next best option.

Fastest way to send money to Saudi Arabia

Remitly is fastest when you pay by debit card and choose bank deposit for the payout. The transfer delivers 2,632.9 SAR in within an hour.

Interac only works inside Canada

An Interac e-Transfer cannot go directly to a recipient in Saudi Arabia.

When a transfer company accepts Interac, you send CAD to its Canadian account and the company handles the international side over its own network.

C$10,000 reporting threshold

There is no C$10,000 legal cap on electronic transfers from Canada.

A reporting entity must report an international electronic funds transfer of C$10,000 or more to FINTRAC, including linked transfers that meet the 24-hour rule.

The bank or transfer company makes that report, you do not file it yourself.

But you may be asked for proof of where the money came from.

Sending your own cash or making a genuine cash gift does not create a Canadian gift tax simply because the money goes abroad.

Tax can become relevant when you transfer an appreciated asset rather than cash, or when attribution rules apply.

CDIC protection

Money held with a payment company is not covered by CDIC in the same way as an eligible bank deposit.

Payment companies covered by the Retail Payment Activities Act must safeguard end-user funds, but the Bank of Canada does not resolve individual fee or payment disputes.

If you’re unsure about the company, you can check the company in the FINTRAC MSB Registry.

If you live in Quebec, also confirm that it is allowed to provide money services there.

How we analyse the market

Most of the pricing here comes straight from the companies, and anything we gather by hand is labelled in the table.

That covers 9 FINTRAC-registered companies sending CAD to Saudi Arabia, updated in real time during a live search, compared on rates, fees and how your recipient can collect.

In the past 30 days alone, we analyzed 180 comparisons across 6 amounts.

This page covers the cheapest and fastest options for CAD/SAR transfers. This is how we pick them:

  • Cheapest: the company that gets your recipient the most, after fees and the exchange rate. On a tie, live pricing from the company takes priority over the rates we collect by hand.

  • Fastest: the company with the shortest estimated delivery time once you’ve paid. On a tie, the one that pays out more takes priority.

Each goes through our review. More on who we are, why you can trust us and getting started.

Any tax information is for general guidance only and does not constitute tax advice. Speak to a qualified tax adviser about your circumstances.