Money Transfer from Saudi to UK

Member since 29 July 2014

magicahmedMember29 July 2014 17:45:31

Hi,

Shortly I will be moving to Riyadh to work as an ESL instructor. I am hoping to transfer a significant portion of my salary back to the UK, to save as a deposit for a house.

What is the most cost-efficient way to transfer money back to the UK from Saudi Arabia? Which bank in the UK is most receptive to ex-pat money from abroad? I would really appreciate some general advice on the best set-up to maximise the net amount of money ending up in my UK account.

Details: My pay is 11'500 SAR per month. From this, I hope to send a minimum of 7'500 SAR every month. I don't mind waiting for, say, three months and then sending a larger lump sum if it is more cost effective. I am not worried about timings either, as I'll be in Saudi and I won't be spending the money for at least two years.

I would really appreciate some help.

Harry Rowback

25january Contributor

Member since 20 June 2012

25januaryContributor29 July 2014 20:14:13

175

Hi Harry!

Welcome in Saudi Arabia

I think the following agencies will satisfy your needs

1- Western union.

2- Speed cash.

Anyway do not be worry about transferring money from Saudi Arabia

Regards,

Ahmed