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riyals for someone in Riyadh
The people sending from Amsterdam and Rotterdam to Saudi Arabia tend to know exactly what the recipient needs in riyals. A rate that moves between send and settlement breaks that.
Grey fixes the EUR to SAR rate when you confirm and pays into Al Rajhi Bank, Saudi National Bank, Riyad Bank, Alinma or any Saudi bank. European Muslims pay for pilgrimage, and European firms pay Saudi contractors in riyals.
How sending to Saudi Arabia works
Sign up
Download Grey, verify with your passport or residence permit, and you're set in a few minutes. Grey works with regulated partners in the EU.
Fund
Send euros to your Grey balance by SEPA or iDEAL transfer from any Dutch bank. Hold it there, and convert to SAR only when the payment to Riyadh is due.
Send
Saudi Arabia uses IBANs too. Enter the recipient's SA IBAN, confirm the riyal amount and the fee, and tap send.
The cost of a transfer to Riyadh
Grey shows one rate, EUR to SAR, and one fee. Both are fixed before you send from Amsterdam. The amount that reaches Riyadh matches what you were shown.
What you agree is what arrives
The rate you accept in Amsterdam is the rate applied. Movements in either currency afterwards don't touch what arrives at Al Rajhi Bank, Saudi National Bank, Riyad Bank, Alinma.
Money for Umrah or Hajj is saved for, sometimes for years, and it needs to reach the right account intact. The same is true of a student's allowance in Madinah.
What Dutch senders put up with before
Banks in Saudi Arabia charge receiving fees on international wires and sometimes hold them for review. A payment from Amsterdam that lands as a domestic SAR credit at Al Rajhi Bank, Saudi National Bank, Riyad Bank, Alinma clears faster and arrives whole.
On the receiving side
The person in Riyadh gets what they'd get from a local transfer: SAR credited to their account at Al Rajhi Bank, Saudi National Bank, Riyad Bank, Alinma. No collection, no code, no receiving fee. Confirmation shows in your app in Amsterdam at the same time.
Al Rajhi and the rest
Every bank in Saudi Arabia is covered, from the big names to regional ones.
Domestic credit
Your recipient sees a normal SAR deposit, not an international wire.
Confirmation in Amsterdam
The app in the Netherlands shows settled the moment Riyadh receives it.
Funding from the Netherlands, in practice
Dutch senders fund by SEPA or iDEAL from ING, ABN AMRO, Rabobank or bunq. The euro balance waits on Grey until the transfer is due. Then Riyadh is a conversion and a tap.
Standard route
SEPA or iDEAL transfer from any Dutch bank into Grey.
Faster if you earn abroad
A USD balance skips the EUR conversion.
Convert late
Hold euros until the Riyadh due date, then fix the SAR amount.
If the SAR amount matters more than the EUR amount, enter the SAR figure first and let Grey work back to what you'll pay.
Who this route is for
Students
Living costs for students at Islamic University of Madinah, KFUPM and King Saud.
Newly arrived workers
Setup money before the first Saudi salary lands.
Business
Paying Saudi contractors, suppliers and partners in riyals.
Umrah and Hajj
Payments to Saudi-based agents, hotels in Makkah and Madinah, and transport providers.
The senders on this corridor are easy to describe. The Netherlands has settled Ghanaian, Cameroonian, Turkish and Indonesian communities, and Dutch firms hire globally. European Muslims pay for pilgrimage, and European firms pay Saudi contractors in riyals.
Why senders in Amsterdam switch
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