Menu
Expat.com

Sending money home

Post new topic

zeode

Hey guys,

Quick question, we want to send money home to the uk, looking for some advice about the most cost effective way to do so. Currently using nbk has anyone found anything better?

See also

Banking and finances in KuwaitShared bank accountUnpaid Emi for 4Months for MobileAbout gulf bankExchange Rands
Ribosom

I have been told that Western Union is the cheapest way to do it, and judging by the number of WU offices around it seems to be true.

zeode

Cheers ribosom, will check it out, been doing it through a bank but their rates lag a bit!!

Ribosom

Let us know what their rates are as I will have to start thinking about it not before long.

zeode

Will do, will check this week and come back to you

legacy

I personally use Muzaini, they have offices all over Kuwait, and they charge you 2KD to transfer money.

you will need to have the correct data tho, like bank account #, branch, address etc. in order to avoid any mistakes. and always, always, always, triple check the info before signing the form to transfer!

I just used em yesterday. banks kill you on two things; the exchange rate and the fees they charge for transfers.

hope this helps :)

zeode

Legacy, thanks thats great 2KD is great our bank is charging about 5kd plus not the best, thanks again for your advice, will check it out.

msjaydee

I use Al Mulla (reasonable fee and good rates) and NBK (free because they don't have a branch in my home country).

zeode

Really? We bank with NBK and we get charged a transfer fee. Mind you we may have done that because uk bank charges ridiculous amounts for recieving remittances.

Articles to help you in your expat project in Kuwait

  • How to drive in Kuwait
    How to drive in Kuwait

    If you are planning to move to Kuwait, obtaining a driver's license should be at the top of your to-do list! While ...

  • Leisure activities in Kuwait
    Leisure activities in Kuwait

    People might assume there isn't much to do in Kuwait as the country is so small, but that would be wrong! The ...

  • Languages spoken in Kuwait
    Languages spoken in Kuwait

    Whether you're planning on just visiting Kuwait, or are getting ready to move there for work or studies, you ...

  • The lifestyle in Kuwait
    The lifestyle in Kuwait

    The lifestyle in Kuwait can be described as being easy and relaxed. As one of the world's wealthiest countries per ...

  • Education and childcare in Kuwait
    Education and childcare in Kuwait

    Kuwait's education system has grown to be extremely diverse, in line with the needs of both its citizens and its ...

  • Travelling around Kuwait
    Travelling around Kuwait

    When moving to a new country, you might be unfamiliar with all the different ways you can get around. In Kuwait, ...

  • The healthcare system in Kuwait
    The healthcare system in Kuwait

    Fully funded and invested in by the government, Kuwait's healthcare system is advanced and well-developed. ...

  • Accommodation in Kuwait
    Accommodation in Kuwait

    One of the first things you will need to take care of when moving to Kuwait is your accommodation. If you're ...

All of Kuwait's guide articles