Question 1

What's the best way to send money to Saudi Arabia from China?

Accepted Answer

With the global remittance market booming, there are so many choices for Chinese Yuan to SAR money transfers. To make it even more complicated, new Fintech companies keep entering the space, making it harder for remitters to decide which company to choose to send money overseas.

Our money transfer comparison engine does all the hard work for you by searching and comparing numerous companies that specialize in foreign exchange transactions, and picking the best ones for sending money to Saudi Arabia from China. This way, you do not have to manually search and compare these companies which is very time consuming. All remittance companies on our platform are established, secure providers that our expert team has selected.

We also provide you with attractive deals and promotions from our partners; these offers help you further maximize the final SAR amount that your recipient gets. We, along with our partners, work hard to provide you with the best discounts and offers that you can use when you send money internationally.

Question 2

How to get the best exchange rate for sending money from China to Saudi Arabia?

Accepted Answer

One of the key factors in getting the best rate for your next money transfer is awareness of what your choices are. With so many remittance service providers out there, you would want to choose the one that suits your needs best for sending money to Saudi Arabia.

The RemitFinder comparison platform compares several forex service providers so you can get the maximum return on your China to Saudi Arabia transfer. Simply search for your countries and inspect various options in one place. This will allow you to decide which company is the most appropriate one for you.

You may also want to sign up for our free exchange rate alert for your CNY to Saudi Riyal money transfers. This way, you can get notified of the best rates on a daily basis, and send money when rates are higher.

Question 3

What's the cheapest way for transferring money to Saudi Arabia from China?

Accepted Answer

Finding the cheapest way to send money from China to Saudi Arabia might not be that easy given the umpteen choices available. You have to look at various parameters like exchange rates and fees to determine if the cost of one money transfer operator is less than that of another or not.

It may also be tempting to use some of the traditional funds transfer services like foreign currency exchanges or operators located in shopping malls, grocery stores and other local outlets. While you can certainly transfer CNY to SAR via these channels, they may not be the most economical way to send money internationally. Typically, brick and mortar services charge higher fees and may also provide lower rates. All this contributes to making your foreign exchange transfer more expensive.

Online money transfers tend to be more cost effective, and RemitFinder provides you quite a number of good choices to ensure you are able to get optimum China to Saudi Arabia exchange rate. Many of our partners also provide promotions and offers that are exclusive to our customers; availing these will definitely reduce the cost of your foreign exchange transaction further.

Question 4

Should I use my bank to send money from China to Saudi Arabia?

Accepted Answer

There are two distinct ways that banks make money on international funds transfers. First, by charging steep transaction fees, and second, by providing a low CNY to SAR exchange rate. Sometimes, the actual transaction fee may not be that high, but the rate may be much lower, which essentially means a hidden fee as the cost of the transfer for you still goes up.

Since your obvious goal is to make the most of your hard earned money, you would want to ensure that the receiver of your money gets the maximum amount. One simple way to achieve this is by minimizing the fees on China to Saudi Arabia money you send. And, generally, you will not get low fees with banks. Hence, we recommend relying on our real time online money transfer comparison tool to ensure you can compare many options.

Most of the remittance companies today offer bank to bank transfers for sending money to Saudi Arabia from China. They do this by letting you fund your transaction through your local bank account in China, and by allowing you to choose the payout to be your recipient's bank account in Saudi Arabia. But, you are likely to get much better rates and lower fees compared to your bank.

Question 5

How to send money to Saudi Arabia from China fast?

Accepted Answer

It could be a stressful experience if you need to rush money quickly from China to Saudi Arabia. How do you decide which option to pick to ensure your funds arrive at the destination in the fastest possible way?

First, you should ensure that you are picking the right payment method to convert CNY to SAR. Most remittance companies will allow you to pay by cash, with credit or debit cards, via a direct bank transfer, through a wire transfer, and so on. Digital payment methods like wire transfers and bank transfers will certainly delay your transaction as compared to cash payments.

Similarly, on the receiving side, your recipient also has multiple options to collect their monies in Saudi Riyal. The payout choices generally include cash pickup, direct bank transfer, loading up a mobile wallet, and mobile airtime top up. If transaction speed is important, you could choose cash pickup if the receiver can access a close by pickup location. Just be aware that the exchange rate on cash transactions may not be the best, and there is risk in handling cash, especially for larger amounts. Otherwise, a mobile airtime top up or a bank deposit may be the next fastest possible ways unless there are bank holidays going on.

Foreign exchange transaction speed also depends on some additional factors like transfer amount, compliance and regulatory processes and vary from provider to provider. Check out our remittance guide to answer any questions you may have on how remittances work in general, and what factors affect the speed of your China to Saudi Arabia money transfers.

Question 6

Which are the best money transfer companies to send money to Saudi Arabia from China?

Accepted Answer

The definition of "best" is very personal for everyone. It may even vary from one transaction to the next depending on various factors involved. When it comes to sending money from China to Saudi Arabia, we can help you in choosing the best provider.

There are several key points you would want to check for; these include, but are not limited to, the best Chinese Yuan to Saudi Riyal exchange rate, transfer amount limits, transaction fees, transfer speed, variety of payment and delivery methods available, fixed vs indicative rate, and availability of any deals and promotions.

After you see the initial list of remittance companies we present you with, use the above criteria to fine tune your choices. That way, you can see which providers are a better fit for the requirements of your SAR money transfers to Saudi Arabia. Keep an open mind as it is very much possible that different providers suit different transfer scenarios better than others.

Finally, you should definitely take into account any ongoing promotions from these providers. Offers and discounts will lower your cost to make the money transfer and result in your recipient in Saudi Arabia getting more money for every Chinese Yuan you send.

Question 7

Step by step guide to send money from China to Saudi Arabia

Accepted Answer

Follow the below easy steps to send money to Saudi Arabia from China.

If you are sending money for the first time with a provider, register an account with them. You will likely get a validation email, and optionally a validation text on your mobile as well. This ensures that it is indeed you who is creating your account.
You will also need to provide your national ID with a photo, and proof of address. Providing this information ensures the security of your account and helps in fraud prevention.
Add your payment method - this is how you pay for your transfer. Generally, you would want to use your China bank account to fund your transaction.
Add your recipient - provide details about who will receive the funds (can also be your own account in Saudi Arabia).
Specify delivery method - specify how the recipient will get the proceeds. Choosing a bank account is usually the best, if one is available.
Add the transfer amount and start the transaction.

The provider will then work on your CNY to SAR remittance, and you should not have any additional action to take. Keep an eye on your email inbox as you should get notified about the progress of your transaction.

Whilst it's fairly straightforward to make an actual foreign exchange transaction online, the harder part may be choosing the right company for your overseas bank transfer. This is where you can rely on RemitFinder's expertise in the money transfer space to help you select the best remittance provider.

1 CNY	0.54 SAR
5 CNY	2.72 SAR
10 CNY	5.44 SAR
25 CNY	13.61 SAR
50 CNY	27.22 SAR
100 CNY	54.44 SAR
150 CNY	81.66 SAR
200 CNY	108.88 SAR
250 CNY	136.10 SAR
300 CNY	163.32 SAR
400 CNY	217.76 SAR
500 CNY	272.20 SAR
600 CNY	326.64 SAR
700 CNY	381.08 SAR
800 CNY	435.52 SAR
1000 CNY	544.40 SAR
1500 CNY	816.60 SAR
2000 CNY	1,088.80 SAR
2500 CNY	1,361.00 SAR
3000 CNY	1,633.20 SAR
4000 CNY	2,177.60 SAR
5000 CNY	2,722.00 SAR
10000 CNY	5,444.00 SAR
15000 CNY	8,166.00 SAR
20000 CNY	10,888.00 SAR
30000 CNY	16,332.00 SAR
40000 CNY	21,776.00 SAR
50000 CNY	27,220.00 SAR
100000 CNY	54,440.00 SAR

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