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Send money from Saudi Arabia to Nigeria
"Western Union agents help you send money from a wide variety of countries. Find a local branch near you to deposit cash and send your funds abroad."
"With MoneyGram you can send money globally. Find a local MoneyGram branch near you to deposit and send cash abroad."
"If you and the person you are sending money to both have PayPal apps, you can quickly and easily send money between each other."
Alternative for Saudi Arabia to Nigeria
While you can’t send SAR to NGN with Wise, you can transfer USD to USD.
"Over 16 million customers use Wise, mostly for their excellent mobile app, transparent fee structure & use of mid-market rates. Now increasingly used for larger transfers."
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.
The best way to send money from Saudi Arabia to Nigeria is using PayPal P2P transfer service.
With P2P transfers, if you and your recipient both have the PayPal app, you can send money between them.
You will initiate the transfer in SAR and your recipient will receive the NGN into their PayPal account.
The downside of this, is that PayPal charges higher fees and the withdrawal options can be limited depending.
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
Compare providers
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 3 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.
Watch the Saudi Riyal-Naira exchange rate
Choose the right payment method
Use providers regulated in Nigeria and Saudi Arabia
Consider transfer limits
Receiving money in Nigeria
Have your ID ready
Tax declarations
The cheapest way to send money to Nigeria from Saudi Arabia is to send cash via Western Union Agent.
Generally speaking, sending cash is more expensive than using the online transfer, however, after looking at 100+ money transfer companies, there aren’t many options servicing SAR/NGN.
The main cost is made up of the fee (around 3 SAR) and the exchange rate markup added on top.
However, this heavily depends on which branch you use, and how much SAR you are sending.
The fastest way to send money to Nigeria from Saudi Arabia is to use cash transfer via MoneyGram Agent
In most cases cash transfers with MoneyGram are instant, and your recipient will be able to collect NGN in minutes.
However, depending on how much you send, it can take a bit longer (up to a day) due to the processing time.
With the limited number of money transfer companies servicing SAR/NGN, cash transfer with MoneyGram is the fastest way.
Send large sums of money abroad with Currencies Direct
From the 3 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 Nigeria transfers.
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 387.5374 NGN per Saudi Riyal.
For reference, the SAR-NGN average mid-market rate for the past week has been 385.6028 NGN per Saudi Riyal, with a high of 389.2562 and a low of 383.9277.
The company offering the best exchange rate is Western Union Agent (369.7934 NGN per Saudi Riyal)
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 Western Union Agent, only 3 SAR. 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 7 days, the mid-market rate from SAR to NGN was 385.6028.
During this period, it hit a high of 389.2562, and a low of 383.9277.
Western Union Agent, which is our recommended service to send money online from Saudi Arabia to Nigeria offers an exchange rate that is only 5% above the mid-market rate.
Want to secure the best SAR-Naira exchange rates?
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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 Western Union Agent 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, Western Union Agent is the cheapest provider for bank transfers of the 3 we tested when sending SAR to Nigeria.
Western Union Agent has a fee of 3 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 Western Union Agent.
Western Union Agent is a leader in debit card payments for transfers from Saudi Arabia to Nigeria, competing among a total of 3 active money transfer companies on this route.
Credit cards
We recommend avoiding credit cards where possible due to a lack of support and high fees.If you have to use a credit card, we recommend comparing your options to find the company with the lowest fees.
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 and review methodology.
Money transfer company reviews
