Western Union Saudi Arabia announces new fees and restrictions on transfers from the kingdom

In an increasingly connected world, the need to move money across borders is more pressing than ever. In the Kingdom of Saudi Arabia, Western Union is the leading choice for international money transfers thanks to its extensive network and fast, reliable service. In this article, we provide you with a comprehensive and up-to-date overview of everything you need to know about transferring money via Western Union Saudi Arabia EAbroad, starting with transfer fees and transmission methods, up to the permitted limit.

Fees for sending money from Saudi Arabia via Western Union

Different Western transfer fee The league depends on several factors, including the transfer amount, the receiving country, and how the funds are received. Here is the updated transfer fee breakdown for 2024:

Transfers to Arab countries: Amounts up to SAR 1,000: 25 Amounts between SAR 1,001 and SAR 3,000: 40 Amounts between SAR 3,001 and SAR 5,000: 60 Amounts over SAR 5,000: 1% of the transfer amount

Transfers to Asian countries: Amounts up to SAR 1,500: 30 Amounts between SAR 1,501 and SAR 3,500: 50 Amounts between SAR 3,501 and SAR 7,000: 75 Amounts over SAR 7,000: 1.2% of the transfer amount

Transfers to the rest of the world: Amounts up to SAR 2,000: 45 Amounts between SAR 2,001 and SAR 5,000: 70 Amounts between SAR 5,001 and SAR 10,000: 100 Amounts over SAR 10,000: 1.5% of the transfer value

Important: These fees may change slightly based on promotions or periodic updates, so it is recommended to check the Western Union official website or contact customer service for the latest rates.

Ways to transfer money outside Saudi Arabia via Western Union

Western Union in Saudi Arabia will offer customers a variety of ways to send money abroad by 2024, ensuring flexibility and convenience:

1. Online transfer: Visit the Western Union official website or download the mobile app. If you don’t have an account, log in or create a new one. Select “Send Money”. Enter the recipient’s details and the transfer amount. Select the payment method (credit card, bank account, etc.). Review the details and confirm the transfer.

2. Transfer via Authorized Agent: Go to the nearest authorized Western Union agent. Provide a valid identification document. Fill in the transfer form with the recipient details and the amount. Pay the transfer amount in addition to the transfer fee. Keep the transfer receipt with the Money Transfer Number (MTCN).

3. Transfer via banking services: Access your bank account via the internet or mobile app. Search for Western Union services under “Money Transfer Services”. Follow the steps to enter recipient details and amount. Confirm the transfer and save the Money Transfer Number (MTCN).

Maximum limit for money transfer from Saudi Arabia via Western Union

Money transfers from Saudi Arabia via Western Union are subject to maximum limits updated in 2024:

Maximum daily transfer amount: 75,000 SAR Maximum monthly transfer amount: 300,000 SAR Maximum annual transfer amount: 3,000,000 SAR

Important: These limits may vary depending on account type, transaction history, and compliance with anti-money laundering regulations.

Important Tips for Sending Money via Western Union

Check fees: Compare transfer fees and exchange rates before transferring money. Accuracy of information: Make sure all recipient data is correct to avoid any delays or problems with the transfer. Keep receipts: Keep the Transfer Number (MTCN) and all documents related to the transfer. Check receiving country restrictions: Some countries may have restrictions on the amount you can receive. Use promotions: Keep an eye out for special offers that may provide discounted fees or better exchange rates.

With ongoing updates through 2024, Western Union’s money transfer service continues to offer an efficient, fast solution for sending money from Saudi Arabia to places around the world. With a variety of transfer methods and competitive fees, this service remains a top choice for many. However, before making any transfers, be sure to check the latest information and terms to ensure a smooth, secure experience.