Best Way to Send Money to Philippines from Saudi Arabia (SAR to PHP)

📈 SAR to PHP Exchange Rate: The biggest factor when you send Saudi Riyal to Philippine Peso

The exchange rate on your Saudi Arabia to Philippines money transfer is the single biggest factor determining your overall SAR cost — and how many Philippine Peso your recipient actually receives.

To analyze exchange rates, we use the exchange rate markup (also called FX margin) — the difference between the mid-market exchange rate^ⓘThe mid-market exchange rate (also called the interbank rate) is the real SAR to PHP exchange rate before providers add their margin or fees. and the rate your provider actually offers you.

Here is what 5 years of historical data shows for FX markup on Saudi Riyal to Philippines transfers:

• Average markup: 1.02%
• Median markup: 1.03%
• Lowest markup: -0.48%^ⓘA negative markup generally represents a promotional exchange rate whereby a provider offers an exchange rate that is even higher than the mid-market rate, often on smaller amounts.
• Highest markup: 3.06%

That is a spread of 3.54 percentage points between the lowest and highest observed FX markups.

To put this into perspective — on a SAR 750 transfer, that spread is PHP 26.55 in differences purely from the exchange rate. On a SAR 1870 transfer, that gap grows to PHP 66.20.

🛠️ How to use this insight: When comparing providers for Saudi Arabia to Philippines remittances, pay close attention to the exchange rate you receive. A small difference in the FX markup can quickly outweigh other factors like fees, and the gap generally grows as transfer amounts increase.

The SAR to PHP exchange rate is the single most critical factor in the cost of your transfer. When comparing providers, always check the rate first — it matters more than you might expect.

🏦 Are banks more expensive than money transfer services for Saudi Arabia to Philippines money transfers?

When we compared Saudi Arabia banks with money transfer providers based on 5 years of remittance data, we noticed some patterns.

We observed that traditional banks charged 3.59 percentage points more on average than money transfer providers for Saudi Arabia to Philippines remittances.

This means banks are roughly 2.05x more expensive for sending SAR to Philippines.

Here are the key stats behind this comparison:

🛠️ How to use this insight: Whilst banks in Saudi Arabia may offer convenience and familiarity, money transfer providers often deliver lower overall cost due to their better exchange rates and lower fees. Even if you want use your bank in Saudi Arabia, we recommend comparing with money transfer companies to find your best options.

📊 Does sending more money reduce the cost to remit money from Saudi Arabia to Philippines?

To see if transfer cost varies based on the amount sent, we compared the average cost of sending SAR 750 vs SAR 1870 from Saudi Arabia to Philippines.

We found that sending a higher amount (SAR 1870) is typically cheaper — average cost drops from 3.87% to 2.18%, a reduction of 1.69 percentage points.

The cost of your transfer usually continues to drop as transfer amount increases. That said, always check the latest exchange rates and fees for your intended transfer amount.

🛠️ How to use this insight: Since it is generally cheaper to send higher Saudi Riyal amounts to Philippines, consider consolidating smaller, more frequent transfers into fewer, larger ones. Doing so may reduce the total cost you pay.

🏛 How competitive is the market for sending money to Philippines from Saudi Arabia?

Based on data from the last 5 years, Saudi Riyal to Philippine Peso money transfers are provided on an average by 8 remittance companies. With this number of providers, we consider the level of market competition to be moderate.

A remittance market with more active providers is typically more competitive. This means you can get a better pricing and more payment and delivery options for your Saudi Arabia to Philippines remittances.

This is why comparing providers is especially important when you transfer money from Saudi Arabia to Philippines.

⏱️ How fast can you transfer Saudi Riyal to Philippine Peso?

If your recipient in Philippines needs funds urgently, transfer speed becomes just as important as cost when sending money.

Here is what we see for Saudi Arabia to Philippines transfers:

• Average transfer time: About 19 hours.
• Fastest transfer time: About less than 1 hour.
• Slowest transfer time: About 96 hours (~4.0 days).
• Average speed at SAR 750: About 19 hours.
• Average speed at SAR 1870: About 19 hours.

In many cases, the fastest providers are not always the cheapest, so balancing speed and cost is important when you transfer SAR to Philippines.

🛠️ How to use this insight: If you need to send money from Saudi Arabia to Philippines in a hurry, compare providers not just on exchange rate, but also on expected speed. Speed also varies based on the delivery method (bank vs cash vs wallet) you choose for Philippines.

Transfer speed for Saudi Arabia to Philippines money transfers can vary widely across providers. For time-sensitive transfers, compare speed alongside cost and choose faster payment and delivery methods.

Frequently Asked Questions: Sending money to Philippines from Saudi Arabia

These FAQs use data from RemitFinder's historical analysis of Saudi Arabia to Philippines money transfers over several years.

• What factors affect the total cost of sending money from Saudi Arabia to Philippines?

  The total cost of your Saudi Riyal to Philippine Peso money transfer depends on how you fund the transaction (payment method), how the recipient receives it (delivery method), the exchange rate you get, and any transfer fee charged by the provider.

  To avoid overpaying for your transfer, compare money transfer providers.

• How much does the exchange rate affect transferring money to Philippines from Saudi Arabia?

  Historical Saudi Riyal to Philippine Peso exchange rate markup ranges from -0.48% to 3.06%, a spread of 3.54 percentage points. Even small differences in the exchange rate markup can impact your final payout significantly.

• Can you get a better-than-market rate when you send Saudi Riyal to Philippines?

  Sometimes, money transfer providers may offer promotional exchange rates that are better than the mid-market exchange rate, resulting in a negative SAR to PHP remittance rate markup.

  Such offers are generally limited by transfer amount, eligibility, or duration. Compare providers to see if you can take advantage of any ongoing special offers.

• Exchange Rate vs Transfer Fee: What matters more when you send money to Philippines from Saudi Arabia?

  Exchange rate markup ranges from -0.48% to 3.06% (a spread of 3.54 percentage points).

  Transfer fees range from SAR 0.00 to SAR 78.75, which equals roughly 10.50% on a SAR 750.00 transfer.

  At both SAR 750.00 and SAR 1870.00, the transfer fee shows larger variation than the other component.

  Regardless, our recommendation is that it is important to compare both exchange rates and fees when choosing a provider for Saudi Arabia to Philippines money transfers.

  As the transfer amount increases, the % impact of fees decreases (because the fee gets spread across a larger SAR amount), whilst exchange rate markup remains a percentage-based cost that can scale with transfer size.

  For smaller transfers, fees can matter more, whilst for larger transfers, exchange rate often becomes the bigger driver. Either way, comparing both helps you get the most PHP for your SAR.

• How much can costs vary between providers when sending money from Saudi Arabia to Philippines?

  Historical transfer cost ranges from 0.36% to 11.61% for SAR transfers to Philippines. That is a spread of 11.25 percentage points, indicating significant differences between various money transfer providers.

  A major contributor to this variation is exchange rate markup. FX markup alone ranges from -0.48% to 3.06% (a spread of 3.54 percentage points). Thus, even small differences in FX margin can have a big impact on the final PHP payout.

• Why do Money Transfer Providers charge different rates for Saudi Riyal to Philippine Peso money transfers?

  If you send the same Saudi Riyal amount to Philippines via different providers, the cost of each transfer will be different because of variations in FX markup, fees, and payment and delivery methods.

  Even small differences among all the above factors can change the final PHP payout in Philippines in a big way.

• How stable are the costs to remit money to Philippines from Saudi Arabia?

  When we analyzed the historical total cost for SAR to PHP transfers, we observed a range from 0.36% to 11.61% (11.25 percentage points difference), along with a variability (standard deviation) of 2.10%.

  A major driver of cost in this market is exchange rate markup. FX markup ranges from -0.48% to 3.06% (3.54 percentage points difference), with a standard deviation of 0.61%. Fees and payment/delivery method choices can contribute to further volatility.

  This is exactly why we recommend comparing money transfer providers to get the most of your Saudi Riyal to Philippine Peso transfers.

• Which Payment Method is the cheapest to send money from Saudi Arabia to Philippines?

  Mobile Wallet is the cheapest payment method in Saudi Arabia based on its average cost at 3.48% (compared to Bank Account Transfer at 4.78%, a difference of 1.29 percentage points).

  Based on this, we recommend paying for your SAR transfer with Mobile Wallet, and avoiding Bank Account Transfer if possible.

• Which Delivery Method is cheapest when you remit money to Philippines from Saudi Arabia?

  Cash Pickup is the cheapest delivery method in Philippines as it costs 3.57% (compared to Bank Deposit at 4.20%, a spread of 0.62 percentage points).

  If your recipient in Philippines can accept Cash Pickup, we recommend choosing it as your preferred delivery option for Saudi Riyal to Philippine Peso transfers.

• Is Bank Deposit cheaper than Cash Pickup when you send money to Philippines from Saudi Arabia?

  Cash Pickup is cheaper for Saudi Riyal transfers to Philippines given its 4.20% average cost (versus 3.57% for Cash Pickup, a difference of 0.62 percentage points).

  To save more, consider choosing the cheapest delivery option for Philippines.

• What is the cheapest way to send money from Saudi Arabia to Philippines?

  We evaluated 5 payment and delivery method combinations for Saudi Arabia to Philippines remittances.

  Based on historical data, Mobile Wallet → Bank Deposit is the cheapest combination with 3.09% cost.

  At the other end of the spectrum, Bank Account Transfer → Bank Deposit is the most expensive combination at 4.78% cost. That is a difference of 1.68 percentage points between the cheapest and most expensive combinations.

  Money transfer providers price payment and delivery methods for Saudi Arabia to Philippines remittances differently. As you compare options, look for the cheapest combination to maximize the value of your SAR to PHP transfers.

• Does sending more money reduce the cost to transfer money to Philippines from Saudi Arabia?

  Larger Saudi Riyal to Philippine Peso transfers are cheaper on average.

  The cost of a SAR 750 transfer averages 3.87% as compared to 2.18% for a SAR 1870 transfer, a difference of 1.69 percentage points.

• How long does it take to send SAR to PHP money transfers?

  Based on our analysis, the average transfer time for Saudi Riyal to Philippine Peso transfers is 19 hours, with the fastest transfers completing in less than one hour and the slowest in 96 hours (~4.0 days).

• Can you instantly transfer money from Saudi Arabia to Philippines?

  Yes, historical data shows that some transfers to Philippines from Saudi Arabia can complete in less than one hour.

  Note that the actual speed of your SAR to PHP transfer will depend on the chosen provider, payment method, delivery method, and eligibility checks.

• Are banks more expensive than money transfer companies for Saudi Arabia to Philippines remittances?

  Banks in Saudi Arabia are more expensive than money transfer providers.

  The average cost of banks is 7.00% compared to 3.41% for money transfer providers in Saudi Arabia, a difference of 3.59 percentage points.

• Why do banks charge more to remit money from Saudi Arabia to Philippines?

  Bank transfers in Saudi Arabia cost 7.00% compared to 3.41% for money transfer companies.

  The difference is often due to the fact that banks in Saudi Arabia provide lower exchange rates and charge higher wire transfer fees.

• How competitive is the market for sending money from Saudi Arabia to Philippines?

  Based on historical data, the competition level in Saudi Arabia to Philippines is considered moderate with 8 active providers.

  Money transfer providers represent about 75% of identified providers in Saudi Arabia.

• Can you overpay if you do not compare providers before transferring money to Philippines from Saudi Arabia?

  Historically, total SAR to PHP transfer cost has varied by 11.25 percentage points. On a SAR 750 transfer, that can translate to SAR 84.38 in savings.

  Saudi Riyal to Philippine Peso exchange rate markup also varies across providers. The average markup spread has been about 3.54 percentage points. On a SAR 750 transfer, that could be SAR 26.55 saved from FX alone.

  Fees can also make a big difference in this market, with a difference of about SAR 78.75 across providers.

  That is why comparing providers can materially change how much of the SAR you send your recipient receives in Philippines.