In this article, you'll discover whether Revolut works in Saudi Arabia, explore some potential drawbacks if it is available, and consider the possibilities it offers. Stay tuned to find out more.
Does Revolut Work In Saudi Arabia?
Revolut's services are not directly available to residents of Saudi Arabia. However, users from other countries can send money to Saudi Arabia using Revolut's international money transfer feature. This allows for fast and cost-effective transfers, making it convenient for those needing to send funds to family or friends in the region.
For travelers, Revolut offers a Saudi Arabian Riyal currency card, which can be ordered from over 30 countries. This card allows users to hold and spend in multiple currencies, including Saudi Arabian Riyals, and offers benefits like fee-free ATM withdrawals up to certain limits. This makes it a practical option for managing finances while visiting Saudi Arabia.
Fees and Charges for Using Revolut in Saudi Arabia
When using Revolut in Saudi Arabia, there are several fees and charges to be aware of:
- Currency exchange fees: Subject to fair-usage limits and weekend markups.
- ATM withdrawal fees: Fee-free up to certain limits based on the plan; exceeding these limits incurs a 2% fee or a minimum of £1.
- Transaction fees: No specific transaction fees for spending in Saudi Arabian Riyals, but general currency exchange fees may apply.
- Currency conversion fees: Apply above free conversion limits.
- Additional ATM access fees: Some ATMs may charge additional access fees that Revolut cannot prevent.
- Fair-usage fees: May apply for currency exchange and ATM withdrawals.
Is Revolut the Best Option in Saudi Arabia?
Even if Revolut is available in Saudi Arabia, it might not be the best option for users due to several limitations and restrictions.
- Limited local support: Revolut lacks dedicated customer support in Saudi Arabia.
- ATM access fees: Some ATMs may charge additional fees that Revolut cannot prevent.
- Currency exchange limits: Fair-usage limits apply, potentially leading to extra fees.
- Weekend markups: Higher currency exchange fees during weekends.
- Regulatory restrictions: Revolut's services are not fully regulated in Saudi Arabia.
Alternative Payment Solutions in Saudi Arabia
1) OneSafe
OneSafe is a leading alternative payment solution in Saudi Arabia, offering a seamless and user-friendly experience. With features like simple onboarding, global payments, and multi-currency support, OneSafe stands out for its lower fees and superior customer support, making it an ideal choice for businesses and individuals alike.
OneSafe Reviews
OneSafe has received positive feedback from users who appreciate its seamless onboarding process and efficient global payment solutions. Users have rated OneSafe 4.5 out of 5, highlighting its user-friendly interface and excellent customer support. Check out more of our reviews here!
2) Wise
Wise offers international money transfers and multi-currency accounts, making it a viable alternative payment solution in Saudi Arabia. Key features include real exchange rates, low fees, and fast transfer times. Wise also provides international debit cards and business accounts, ensuring secure transactions with two-factor authentication and anti-fraud measures.
Wise Reviews
Wise has an all-time rating of 4.7 out of 5 and a recent rating of 4.5 out of 5. Users have reported issues with money transfers being returned without notification and challenges with document approval. Certain users are also unable to use Wise due to government restrictions in their country. Check out more Wise reviews here.
3) Paypal
PayPal is a reliable alternative payment solution in Saudi Arabia, offering secure payments, global acceptance, and the ability to send money quickly. Key features include 24/7 fraud monitoring, Buyer and Seller Protection, and support for multiple cards. These benefits make PayPal a practical choice for both personal and business transactions.
Paypal Reviews
PayPal has an overall rating of 4.4 out of 5 stars based on 2,112 reviews. Users commonly report high transaction fees, lengthy dispute resolution processes, and issues with customer support. Check out more PayPal reviews here.
Frequently Asked Questions about Revolut in Saudi Arabia
Can I open a Revolut account in Saudi Arabia?
No, Revolut accounts cannot be opened by residents of Saudi Arabia.
Can I use my Revolut card in Saudi Arabia?
Yes, you can use your Revolut card for transactions and ATM withdrawals in Saudi Arabia.
Are there any fees for using Revolut in Saudi Arabia?
Yes, fees include currency exchange fees, ATM withdrawal fees, and potential additional ATM access fees.
Does Revolut offer customer support in Saudi Arabia?
No, Revolut does not have dedicated customer support available in Saudi Arabia.
Can I send money to Saudi Arabia using Revolut?
Yes, Revolut allows international money transfers to Saudi Arabia from other countries.
Conclusion
Choosing the right payment solution in Saudi Arabia is crucial for managing finances effectively. While Revolut has its limitations, alternatives like OneSafe offer superior features and support. Explore OneSafe for a seamless financial experience. Ready to make the switch? Sign up now!
