Saudi Arabia Payment Methods & Currency Exchange Guide

Saudi Arabia uses the Saudi Riyal (SAR) as its official currency. Payment systems are modern, with widespread acceptance of electronic and contactless methods. Travelers should be aware of currency regulations and typical transaction practices.

• Official Currency: Saudi Riyal (SAR); 1 SAR ≈ 0.27 USD (as of June 2024).
• Accepted Payment Methods: Cash, major credit/debit cards (Visa, Mastercard), and mobile payments.
• Contactless & Mobile Wallets: Apple Pay, Google Pay, and local wallet Mada Pay are widely accepted in urban areas.
• ATM Availability: ATMs are common in cities and airports; most accept international cards, but some may charge fees (typically 2–3% for foreign cards).
• Currency Exchange: Available at banks, airports, and licensed exchange offices. Banks include Al Rajhi Bank, National Commercial Bank (NCB), and Samba Financial Group.
• Foreign Currency Restrictions: Import/export of cash above SAR 60,000 (≈ USD 16,000) must be declared to Saudi Customs.
• Transaction Fees: Foreign card transactions may incur surcharges; check with your card issuer for details.
• Common Issues: Some small shops and markets may only accept cash. Notify your bank before travel to avoid card blocks.
• Government Regulations: Anti-money laundering laws apply; undeclared large sums may be confiscated.