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How to send money from Saudi Arabia to Nigeria
Sending money from Saudi Arabia to Nigeria doesn’t have a huge amount of options. Because of this, we would recommend sending money via:
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.
Sending money from Saudi Arabia to Nigeria: key insights and tips
Don't settle for the first option. Always compare ways to send money from Saudi Arabia to Nigeria to find out about fees, speed, and reliability.
Your analysis should include all the providers that operate between Saudi Arabia and Nigeria. Through this, you get a comprehensive view of all the options you have in Saudi Arabia when you need to send money to Nigeria.
Cheapest way to send money from Saudi Arabia to Nigeria
Without any money transfer providers serving the Saudi Arabia to Nigeria route, the cheapest money transfer options are limited.
We would recommend using:
Understanding the costs involved when moving money from Saudi Arabia to Nigeria
When calculating the costs of money transfers between Saudi Arabia and Nigeria, here's what really matters:
The Mid-Market Rate: Today, the SAR-NGN mid-market rate equals to 412.0006. Keep in mind that this rate fluctuates all the time.
The SAR-NGN average exchange rate of the past week has been 421.1434, with a highest of 449.9111 and a lowest of 395.3479.
Fees and Markups: When you pick a service with competitive exchange rates and low fees, you get to make the most out of your SAR to NGN transfers. This strategy keeps your costs down, offering a smart way to handle your international transactions.
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 421.1434.
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.
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What payment methods are available when sending money from Saudi Arabia to Nigeria?
Sending bank transfers from Saudi Arabia to Nigeria
Bank transfers are the most common way of sending SAR to Nigeria as they are secure, reliable, and convenient.
If you want to send Saudi Riyals to Nigeria via bank transfer, you can use your bank where no provider is available, but it will likely be at a bad exchange rate.
Sending money from Saudi Arabia to Nigeria by credit card
Credit card payments are quick, convenient, and typically more secure than other methods, thanks to backing by the issuing party. Some users may even be able to rack up reward points when making large transactions.
If you want to send Saudi Riyals to Nigeria with a credit card.
Note: Beware of chargesCredit card payments are often classified as cash advances, which bring their own charges, as well as currency conversion and usage fees. Forgetting to pay your balance can also result in high interest charges, and can even damage your credit score.
Sending money from Saudi Arabia to Nigeria by payment apps
If you’d like to send money from Saudi Arabia to Nigeria via payment app, follow these steps:
Download the app and register. Download the app from the App Store or Google Play. You’ll need to register to be able to open an account. Make sure the app services transfers from Saudi Arabia to Nigeria.
Enter your details. Enter any of the details required. You may need a valid form of ID.
Start your transfer. Enter the details of your recipient. Some apps will require full payment details, while others allow you to pay with just an email address. You may need to state that you’re planning to send money to Nigeria in Naira at this stage.
Check the details. It’s vital that you check the details you’ve added to make sure everything is correct. It can be very difficult to reverse a transfer, and most payment apps don’t let you cancel a transfer from Saudi Arabia to Nigeria after it’s been sent.
Send the money. Your app will probably charge a fee for the transfer. They may also add a markup to the SAR to NGN exchange rate. Check the rate they’re offering against the mid-market rate to make sure you’re getting a good deal.
The current mid-market rate of SAR to NGN is 412.0006
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
