The cheapest way to send British pounds to Saudi riyals right now is usually a specialist provider such as Wise, which hands you the real mid-market rate and adds a small, clearly shown fee. On a £1,000 send that works out to roughly £15.26, or about 1.53% of the amount.
A high-street bank doing the same transfer often takes 3% or more, most of it hidden inside a worse exchange rate. British expats and professionals make up one of the larger Western communities in Saudi Arabia, and many send part of their salary home or support family on a regular schedule. The figures here are modelled estimates, so confirm the final price on the provider's own site before you transfer.
- A specialist beats the bank on almost every amount. Providers like Wise charge well under 1% all-in, while a typical bank takes 3% or more, mostly hidden in the rate.
- The riyal tracks the dollar. The SAR is pegged to the US dollar, so GBP to SAR moves almost exactly with GBP to USD, with no exotic-currency premium built in.
- Regular sends reward a low percentage cost. If you transfer part of every salary payment, a small percentage charge saves more over a year than a low flat fee.
- Bank deposit is the standard. Saudi Arabia has a modern, well-used banking system, so cash pickup is rarely needed, and a deposit to the recipient's account is usually cheapest.
The cheapest way to send pounds to riyals
Send £1,000 and the providers that pass on the real rate come out on top. The table below ranks every option we track, from the cheapest at the top to the dearest at the bottom, using today's mid-market rate of about 5.0706 riyals to the pound.
For a plain bank deposit, Wise sits near the top: it gives you that mid-market rate and adds a fee of about £15.26, roughly 1.53% of what you send. The number you see at checkout is the number you pay, with no weekend surcharge and no monthly limit to watch.
The remittance specialists, WorldRemit and Remitly, are built for family support and can arrange cash pickup, but in Saudi Arabia most recipients have a bank account, so a plain deposit usually wins on price. The big banks sit at the bottom of the table, often past 3%.
The markup is what catches people who only glance at the fee. A provider can advertise "zero fees" and still deliver fewer riyals than a rival that charges a small fee and a fair rate. On a £1,000 send, the gap between a 0.5% all-in cost and a 3.5% one is about £30.
Sending a larger amount
Push the amount to £10,000 and the picture can shift. A fixed fee barely registers on a big transfer, so a provider with a low percentage cost pulls ahead, while a provider with a flat fee looks cheaper than it did on a small send. The modelled table below shows the current order.
The lesson is simple: never assume the winner at £1,000 is still the winner at £10,000. Re-run the comparison for the amount you actually plan to send. At this size the stakes are bigger too. A 3% markup on £10,000 keeps about £300, while a 0.5% all-in cost keeps about £50. If you send part of your salary home every month, one larger transfer is often cheaper than several small ones, because you pay any fixed fee just once.
The public withdrawal-fee list from Interactive Brokers does not include SAR. Its low brokerage commission is therefore not a GBP-to-SAR delivery quote; compare a transfer provider that confirms the Saudi bank account, payout method and final riyal amount.
What affects the cost
Four things decide what a transfer really costs.
The fee. This is the charge you can see, either a fixed amount or a percentage of what you send. Wise adds a small percentage plus a tiny fixed charge. A fee is easy to spot, which is exactly why some providers keep it low and make their money somewhere else.
The markup. This is the hidden part, baked into a worse exchange rate. Western Union and MoneyGram often advertise a small fee, or none at all, but the markup is usually where their real cost sits. Two providers can quote the same fee and still deliver very different amounts of riyals, because of the rate. Our guide to markup versus transfer fee explains the difference in full.
The amount. A fixed fee shrinks as a share of a big transfer and grows on a small one. A percentage cost stays flat whatever you send. So the cheapest provider for £200 is not always the cheapest for £20,000.
The provider. Specialist fintechs and remittance firms price this route to win your business, and high-street banks do not, which shows. The gap between the best and the worst option here is often several percent, and on a regular salary transfer that is real money.
Who should use what
Use Wise if you want the simplest, cheapest bank deposit, which covers most sends to Saudi Arabia. It gives you the real mid-market rate and a small, clearly shown fee, the same price every time, with no weekend surcharge. Our Wise review has the full picture.
Use a remittance specialist like WorldRemit or Remitly if you specifically need cash in hand, though in Saudi Arabia that is rare. Bank accounts are common there, so their agent networks matter less than on other routes, and for a plain deposit they usually cost more than Wise.
Use your bank only if you have no other option. A typical high-street bank adds around 3% or more, most of it hidden in the rate, plus a wire fee on top. If you send money home every month, that cost quietly repeats itself all year. Our guide to cutting FX fees shows how to pay less, and the full comparison tool ranks every option for your exact amount.
Frequently asked questions
Is Wise the cheapest way to send money to Saudi Arabia?
For a bank deposit, usually yes. Wise passes on the real mid-market rate and adds a small fee, which tends to make it one of the cheapest options on this route. The exact ranking still depends on the amount you send, so it is worth checking the modelled tables above for your own transfer before you decide.
Why does GBP to SAR track GBP to USD?
The Saudi riyal has been pegged to the US dollar since 1986, so the SAR side of the pair barely moves on its own. When the pound rises or falls against the dollar, it rises or falls against the riyal by almost the same amount. The peg also means providers do not need to price in extra currency risk on this route.
Are the fees shown here exact?
They use the current mid-market reference and, where available, a Wise account-holder API estimate. Other providers use stored published fee and markup models, not live quotes. Real prices vary by provider, by the amount you send, by how you pay, and by how the money arrives. Always confirm the final figure on the provider's own site before you transfer.
Cost figures are worked out from each provider's published fee structure applied to the current mid-market reference rate. They are modelled estimates for this route, not live quotes, and availability and exact pricing vary by provider, by payment method and by payout method (bank deposit versus cash pickup). Always confirm the final figure on the provider's own site before you send. We may earn a commission from affiliate links at no extra cost to you; this never affects our rankings. Nothing here is financial advice.
Sources: Wise pricing (opens in a new tab), WorldRemit fees (opens in a new tab), Western Union pricing (opens in a new tab), Interactive Brokers currency trading (opens in a new tab), Interactive Brokers withdrawal fees (opens in a new tab). Accessed August 2026.