How to Transfer Money from Saudi Arabia to the UK

Introduction

Transferring money from Saudi Arabia to the UK may seem complex, but with Regency FX, the process is simple, cost-effective, and secure. As an independent currency specialist, we offer better exchange rates than banks, lower fees, and expert guidance to ensure you get the most out of your transfers.

How to Transfer Money from Saudi Arabia to the UK

1. Verify Your Identity

Before sending money, you must complete an identity check due to global anti-money laundering regulations.

• This applies to new customers only.
• If you regularly transfer money, you only need to verify once.
• British expats with a UK address will find the process quick and straightforward.

2. Secure an Exchange Rate

Once registered, you’ll receive a live exchange rate quote for your transfer.

• When transferring from Saudi Arabia, you are selling SAR and buying GBP.
• Exchange rates fluctuate throughout the day, so you can lock in a rate when it's favorable.
• Once confirmed, you’ll receive an email with your transaction details.

3. Fund Your Transfer

• Transfer the agreed SAR amount to Regency FX’s designated Saudi bank account.
• Banks often require funds upfront, but Regency FX allows you to lock in a rate before sending your SAR.
• On confirmation, you’ll receive bank details for the secure SAR-denominated client account.

4. Convert SAR to GBP & Complete the Transfer

• Once your funds arrive, Regency FX converts SAR to GBP at the locked-in rate.
• The GBP funds are sent to your chosen UK bank account.
• That’s it—your transfer is complete!

How Long Does a Transfer Take?

• Most transfers from Saudi Arabia to the UK take 2-4 business days, depending on your bank.

Are There Tax Implications When Sending Money to the UK?

• Saudi Arabia has zero income tax, meaning most earnings sent to the UK are not taxable.
• Tax liability depends on your UK tax residency status.
• If you live part-time in both countries, consider split-year tax advice to ensure compliance.

Is There a Limit on How Much You Can Send?

• No limits exist on electronic transfers from Saudi Arabia to the UK.
• Cash limits apply for travelers carrying over SAR 60,000, but online transfers have no restrictions.
• Some Saudi banks impose daily transfer limits, but Regency FX offers higher transfer limits for large transactions.

Comparing Costs: Banks vs. Money Transfer Specialists

When sending SAR to GBP, the cost depends on:

1. Exchange rates – Banks often add hidden margins, while Regency FX offers transparent rates.
2. Transfer fees – Banks charge higher fees, while Regency FX provides a low-cost alternative.

To compare accurately, always check the total amount of GBP received, not just the rate.

‍

How Safe is a Money Transfer Company?

• Regency FX use accounts that are fully regulated and FCA-authorised, ensuring all client funds are safeguarded.
• Your money is kept in a separate client account, never mixed with company funds.

Finding the Best SAR to GBP Exchange Rate‍

Exchange rates fluctuate daily, and small changes can impact how much GBP you receive.

• Example: A 1% change on SAR 500,000 is a SAR 5,000 difference—around £1,000.
• Regency FX offers rate alerts, so you can lock in a favorable rate when it becomes available.
• Unlike banks, we provide personalized support to help you time your transfer for the best rate.

Regency FX makes it easy to transfer money from Saudi Arabia to the UK, offering competitive rates, lower fees, and fast transactions. Whether you're an expat, business owner, or investor, we ensure your SAR to GBP transfer is smooth, secure, and cost-effective.

‍Get a Quote Today & Start Your Transfer!

‍