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Companies for transfers from Saudi Arabia to Nigeria
"Cambridge Currencies is a boutique UK-based currency broker helping clients send funds globally. Expect personable service & competitive rates from this new industry entrant."
"Cambridge Currencies is a boutique UK-based currency broker helping clients send funds globally. Expect personable service & competitive rates from this new industry entrant."
In our experience, there are always efficiencies to be made in how businesses manage international payments in and out.
Why not take our free FX health check test to see how effective your business is in managing these. It only takes a couple of minutes.
Overall best way: Revolut
We tested & reviewed 5 transfer providers, and Revolut scored highly.
In the last six months, Revolut appeared in 96.4% of Saudi Arabia to Nigeria searches, and was the top rated company supporting payments Saudi Arabia into Naira.
So for a great mix of cost, speed & features, make your Saudi Arabia to Nigeria transfer using Revolut.
How to get the best deal on your Saudi Arabia to Nigeria money transfer
- Always compare rates
Don't pay more than you have to. Use our live comparison tool to get the best exchange rates on sending money from Saudi Arabia to Nigeria.
- Choose a provider
Select the provider that offers you the best value and timeframes for transfers between Saudi Arabia and Nigeria.
- Click, sign up & send
Follow the steps & make your transfer to Nigeria. Your funds will be sent from Saudi Arabia and converted into Naira.
Summary of recent searches
Considerations for money transfers from Saudi Arabia to Nigeria
Comparing providers offering services between Saudi Arabia and Nigeria, based on your specific needs is the best way to send money with confidence.
Our comparison includes 5 companies that provide the ability to send Saudi Riyal to Nigeria.
This ensures you get the best options for transfers to Nigeria from Saudi Arabia, based on the amount you want to send.
Cheapest way to send money to Nigeria from Saudi Arabia: Revolut
Data collected through our comparison over the past six months shows that Revolut is 0% cheaper than the second-best option.
The cost is made up of an average fee of 0* SAR and an exchange rate for buying Naira with Saudi Riyal that is 0.2% different to the mid-market rate.
If you want to secure the best rates on a Saudi Arabia to Nigeria transfer, Revolut offers value. We would still recommend searching for the amount you want to send to Nigeria.
*The most common fee applied to SAR-NGN by Revolut, based on data from the past six months.
Fastest money transfers from Saudi Arabia to Nigeria: Revolut.
Through our comparison, we found Revolut to be the fastest option to transfer money from Saudi Arabia to Naira in 88.7% of instances.
Over the last six months, sending money from Saudi Arabia to Nigeria through Revolut have an average fee of 0 SAR.
Revolut was one of 5 money transfer providers we compared for overall speed of sending money from Saudi Arabia to Nigeria. This speed test included depositing Saudi Riyals to an account and the average timeframe for sending money to Nigeria.
When fast transfers are a priority, Revolut is our best choice for sending from Saudi Arabia to Nigeria.
Send large sums of money abroad with Currencies Direct
From the 5 options we compared, Currencies Direct offers the strongest all-round option for large transfers to Nigeria from Saudi Arabia.
Whatever the reason, sending large sums of money can be expensive if you get a bad exchange rate from Nairas to Naira.
As such, we recommend Currencies Direct for large transfers between Nigeria and Saudi Arabia.
Understanding the costs involved when transferring money from Saudi Arabia to Nigeria
When calculating the costs of money transfers between Saudi Arabia and Nigeria, opt for the best combination of fees and exchange rates:
The Mid-Market and Exchange Rates: Today, the SAR-NGN mid-market rate equals 409.7552 NGN per Saudi Riyal.
For reference, the SAR-NGN average mid-market rate for the past three months has been 427.5106 NGN per Saudi Riyal, with a high of 449.9111 and a low of 395.3479.
The company offering the best exchange rate is Revolut.
Often the SAR-NGN exchange rate you receive is the bigger factor than how much it costs to send Saudi Riyals to Nigeria.
Fees: Fees are charged on top of a transfer. The company offering the lowest fee is Revolut, averaging 0 SAR over the last 6 months. We would recommend searching for your exact send amount to get an idea of fees.
Amount Received: The amount received in Naira is the biggest indicator the total cost of sending money from Saudi Arabia to Nigeria. Essentially, the more the recipient receives in Nigeria, the less it is costing to send from Saudi Arabia.
Getting best exchange rate for sending Saudi Riyal to Naira
Timing is essential when tracking the mid-market rate between SAR and NGN. The end exchange rate you secure impacts how much NGN you get for your SAR.
The recent mid-market rate trends are:
Over the past six months, the mid-market rate from SAR to NGN was 427.5106.
During this period, it hit a high of 449.9111, and a low of 395.3479.
Revolut, which is our recommended service to send money online from Saudi Arabia to Nigeria offers an exchange rate that is only 0.2% above the mid-market rate.
Want to secure the best SAR-Naira exchange rates?
Sign up for our rate alerts and we'll tell you when it's the best time to move your money from Saudi Arabia to Nigeria!
Saudi Arabia to Nigeria money transfer payment methods
Bank transfers
Bank transfers are often the best payment method for money transfers from Saudi Arabia to Nigeria.
A money transfer company like Revolut offer bank transfers between Saudi Arabia and Nigeria with lower fees and better exchange rates than you would get from a traditional bank.
On average, Revolut is the cheapest provider for bank transfers of the 5 we tested when sending SAR to Nigeria.
Revolut has an average fee of
0 SAR for money transfersfrom Saudi Arabia to Nigeria. Overall, they offer a great combination of competitive exchange rates and lower fees.
Debit and prepaid cards
Sending money from Saudi Arabia to Nigeria with a debit or a prepaid card is very simple with .
is a leader in debit card payments for transfers from Saudi Arabia to Nigeria, competing among a total of 5 active money transfer companies on this route.
Credit cards
is our top choice of the 5 companies offering credit card transfers from Saudi Arabia to Nigeria.Fee alert: using a credit card to transfer money can result in a fee being charged by your card issuer as it is considered as a cash advance. That's why we recommend bank transfer or debit card instead.
How we analyze the market
We track the cost, speed, and product offerings of the leading money transfer services available between Nigeria and Saudi Arabia.
Our comparison engine and algorithms evaluate providers based on over 25 factors, including transfer fees, ease of use, exchange rates, mobile apps, transfer times & customer support.
We also consider how these services are rated on platforms like TrustPilot, AppStore, and Google Play, giving you a comprehensive view of what to expect.
This thorough analysis helps you get the best available deal - every time you want to move money from Saudi Arabia to Nigeria.
We also provide unbiased and detailed reviews of all the top money transfer companies. You can use these reviews to send SAR to NGN.
For a deeper understanding of our commitment to integrity and transparency, we invite you to read our editorial policy document.
Money transfer company reviews
