How to send money to Philippines from Saudi Arabia with the best SAR-PHP rate

A comparison of providers offering services between Saudi Arabia and the Philippines is paramount. Based on your specific transfer amount, the best way to send money to the Philippines could change. Comparing ensures the best price for your needs.

At the moment, we found these providers to be the best for SAR/PHP

• Overall, we rated Western Union Agent as the best, but remember comparing for your specific transfer gives you a comprehensive view of all the options for transferring money from Saudi Arabia to the Philippines. Transferring 1,000 SAR to PHP will cost you ﷼30 in fees, and you will receive 14,728.7 PHP. The delivery time can take minutes - 5 days, but it depends on the day you make the transfer.

• We compared 3 money transfer companies and MoneyGram Agent offers the cheapest transfer service between Saudi Arabia and the Philippines. MoneyGram Agent fees are 40 SAR per transfer and you can expect an exchange rate between SAR-PHP that is 6% different to the mid-market rate.

• Fastest way to send money to the Philippines from Saudi Arabia is with PayPal App (P2P Transfer).

For services allowing you to send Saudi Riyal to the Philippines we've compared 3 providers.

This coverage of the market ensure you will get the best options for your transfer to the Philippines from Saudi Arabia.

A better exchange rate means more Saudi Riyal being sent to the Philippines. This exchange rate determines the price you will pay when buying Philippine Peso.

Currently the mid-market rate between Saudi Riyal and Philippine Peso is 16.3665.

The cost of sending money from Philippines to the Philippines, is made-up of a combination of fees and exchange rates:

• The Mid-Market and Exchange Rates: The mid-market rate determines a mid-price for buying currency. The current mid-market rate from SAR-PHP is 16.3665 PHP per Saudi Riyal.

• Fees: Outside of exchange rates, you may need to pay a fee to send. MoneyGram Agent currently offers the lowest fees on transfers to the Philippines from Saudi Arabia, costing 40 SAR per transfer. Although this does include large transfers as well, we recommend searching for your exact send amount for an exact fee.

• Amount Received: The amount received in Philippine Peso is the amount you started with, minus the amount you paid in the exchange and fees.

The better deal you get on exchanging Saudi Riyals to PHP, paired with a low fee, means a higher total amount received in the Philippines.

If you’re sending a large amount where this rate could make a significant difference, use a forward contract. This allows you to lock in an agreed exchange rate between Saudi Arabia and the Philippines.

A bank transfer through a money transfer company is the cheapest way to send money. Generally, it’s the payment method that will get you the best price on a transfer from Saudi Arabia to the Philippines at this moment.

Here are all the ways to send money from Saudi Arabia to Philippines:

Bank transfers

Bank transfers are usually the best and easiest way to send money from Saudi Arabia to the Philippines.

By using a money transfer company such as MoneyGram Agent for transfers from Saudi Arabia to the Philippines, you can send money via a bank transfer while benefitting from lower fees and more favorable exchange rates than you would get from a traditional bank.

Debit and prepaid cards

Sending money from Saudi Arabia to the Philippines with a debit or a prepaid card is available through Western Union Agent.


Western Union Agent is a one of the cheaper options for debit card payments for transfers from Saudi Arabia to the Philippines. This cost is against a total of 3 money transfer companies offering this option.

Credit cards

When it comes to international credit card transfers from Saudi Arabia to the Philippines, we recommend comparing your options to get the best deal.

Be aware of fees: using a credit card to transfer money often results in a fee being charged by your card issuer. Where possible, we recommend a bank transfer or debit card payment.

and have different financial regulators and ensuring you fully understand how these work will aid in keeping your money safe.

We’ve put together a directory of worldwide financial regulators which contains details on regulation for money transfers between Saudi Arabia and Philippines.

Transfer limits to Saudi Arabia and the Philippines will differ per company, this may impact the amount you can send and receive if you hit the limits.

Also, rates and fees for different SAR-PHP transfer amounts could change - that’s why it’s best to compare companies for your specific transfer amount. Then, for regular transfers to the Philippines, shopping around each time can make a huge difference if you feel you are hitting limits regularly.

For sending large or regular amounts of SAR to the Philippines we'd recommend using Western Union Agent. They offer a combination of rates and fees when sending from Saudi Arabia to the Philippines that is the most competitive.

There are different ways to receive money in the Philippines.

The most popular ways are direct bank deposit into Philippine Peso, cash pickup, a mobile wallet or receiving money into a multi-currency account.

Not all providers offering money transfers between Saudi Arabia and the Philippines will offer every method for incoming Philippine Peso.

Understanding where the money will eventually go after its left Saudi Arabia and entered the Philippines could impact the provider you use.

The most common (and generally easiest) way to send money from Saudi Arabia to the Philippines is directly into a bank account. Western Union Agent is the best company for sending money from Saudi Arabia to a bank account in the Philippines.

And if you need cash right away, check if cash pickup is an option for transfers between Saudi Arabia and Philippines.

Mobile wallets, P2P services and payment apps like PayPal, Xoom, and CashApp are popular because they offer convenience to those who already have them, but they come with more limitations and higher costs.

When sending Philippine Pesos to the Philippines, you will need to verify your ID at the sign up stage.

The documents you need will vary by money transfer company and in some cases you might need a couple of options.

For the most part however, in Saudi Arabia ID can be verified through a government issued ID such as a passport or driver's license.

In the Philippines, if the recipient needs an ID to collect money - both should be accepted. We’d recommend checking in advance before sending for any specific requirements on receiving money.

Large transactions between Saudi Arabia and the Philippines, are subject to additional checks such as proof of funds. This is for anti-money laundering purposes.

Western Union Agent is one of our recommended providers for transfers to the Philippines from Saudi Arabia due to the ease of sign up and ID verification.

When sending money between Saudi Arabia and Philippines there will be tax declarations to consider.

Some transfers into Philippine Peso may need to be reported to tax authorities in the Philippines, particularly where inheritance or property purchases are involved (or anywhere else there are additional legal requirements).

Depending on age and income in particular, tax limits and personal allowances will change in the Philippines.

When in doubt, please contact a tax professional in Saudi Arabia or the Philippines to discuss the personal circumstances of the transfer. This ensures you are not missing any specific tax declarations associated with your circumstances.