Send and receive money from Kuwait with a great rate

Information verified correct on December 4th, 2016

kuwaitSend money to Kuwait from Australia and vice versa with the help of a trusted and affordable money transfer provider.

Situated at the tip of the Persian Gulf, Kuwait has a history dating back several thousand years. An oil-rich country with a population of more than 4.2 million people, Kuwait is also a temporary home to thousands of US military personnel operating in the region.

If you ever need to send money from Australia to Kuwait, or from Kuwait to Australia, there are several money transfer companies able to handle the transaction. You just need to compare their exchange rates, fees and features to find the company that offers the best deal.

Send money to Kuwait using a service below

Rates last updated December 4th, 2016
Description Min. Transfer Amount Transfer Speed Services Online Transfer Fee Rate Amount Received
Western Union International Money Transfers
Western Union International Money Transfers
Send money online to friends and family around the world with Western Union. AUD 1 Same day Online, Phone, Agent, Bank Account to Bank Account, Cash Transfer, International Money Order Go to site More
TorFX International Money Transfers
TorFX International Money Transfers
TorFX guarantee to beat any competitor's exchange rate for a transaction
Conditions apply
AUD 200 1 day Online, Phone, Agent Go to site More
Exclusive: OFX (Ozforex) International Money Transfers
Exclusive: OFX (Ozforex) International Money Transfers
Exclusive offer: Special exchange rates and $0 transfer fee
OFX is currently offering finder.com.au exclusive exchange rates and $0 transfer fee on all transfers.
AUD 250 1 day Online, Phone, Agent Go to site More

Speak to a FX expert

Enter your details to speak to a foreign exchange expert

By submitting this form, you agree to finder.com.au privacy policy
TorFX Logo

Save money on your personal or business international money transfer today. Fill in the form and you’ll be contacted by a foreign exchange expert to have an obligation-free discussion about your options. Our foreign exchange experts offer a best rate guarantee, are ASIC authorised and never charge transfer fees.

They can help you with all your needs including:

  • Buying property abroad
  • Emigrating
  • Regular overseas payments
  • Risk management
  • Forecasting

Banks versus money transfer companies

One option when sending an international money transfer is to send a telegraphic transfer from your Australian bank account to a Kuwaiti bank account. But while this is undoubtedly a safe and secure option, it’s also a costly one - banks charge high transfer fees and typically offer some of the worst exchange rates around.

In recent years, specialist money transfer companies have emerged and regularly offer a better deal on transfers. These companies, such as OFX and World First, are foreign exchange specialists and trade in large volumes of foreign currency. This allows them to offer superior exchange rates to the banks which, combined with lower fees, makes them a much more affordable transfer option.

Kevin Sends Money to Kuwait

Kevin’s son Jack is working in the oil industry in Kuwait, and Kevin wants to send his son a $1,000 money transfer as a birthday gift. To find the cheapest option, Kevin decides to compare the cost of sending a transfer with his bank vs sending it via an online transfer company. The results of his comparison are shown in the table below:

BankMoney transfer company
Exchange rate1 AUD = 0.2056 KWD1 AUD = 0.2160 KWD
Transfer fee$20$0
Transfer time1-2 days1-3 days
Amount received (in KWD)KWD205.60KWD216

As you can see, not only can Kevin send KWD10.40 extra by using the money transfer company, but he can also save AUD$20 in transfer fees.

Back to top

How do I compare transfer companies when transferring and receiving money via Kuwait?

Make sure to consider the following features when considering the pros and cons of money transfer companies:

  • Exchange rates. The higher the exchange rate, the more money your beneficiary receives. Look for the company that regularly offers the best exchange rates, but be aware that good exchange rates can sometimes come with high fees attached.
  • Transfer fees. Transfer fees range from zero to north of $50, so it pays to check just how much a transaction will cost before you commit.
  • Transfer options. Some online transfer providers offer options to help you get the exchange rate you want, for example forward contracts and limit orders. You may also wish to check whether the provider allows you to schedule a recurring transfer in advance.
  • Transfer methods. Will the funds be sent via electronic transfer or will you need to visit an agent location and pay with cash?
  • Supported currencies. Check the list of countries to which a transfer provider can send money and also look at the list of supported currencies. Make sure the provider you choose will be able to handle your regular transaction needs.
  • Processing times. How long will it take from the time you submit a transfer request to the time your beneficiary receives the funds?
  • Transfer limits. Are there any minimum or maximum limits on the amount you can transfer at any one time?
  • Receiving options. How will your beneficiary receive the funds - for example will the funds be paid into their bank account or PayPal account, or can they pick up cash from a transfer agent.
  • Customer service. Is there an online help section with customer support and a range of frequently asked questions? Can you quickly access customer assistance if you ever have a problem with a transaction?
Back to top

How do I send money to Kuwait from Australia?

  • Bank transfers. You can send money from your Australian bank account to a bank account in Kuwait.
  • Cash pickup transfers. Western Union and MoneyGram both operate cash pickup locations in Kuwait.
  • Online money transfers. Companies such as OFX, World First and TorFX offer this service.
  • Bank cheque. You could also obtain an international guaranteed cheque from your bank and post it overseas.

How do I receive money from Kuwait in Australia?

  • Bank transfers. Transfers can also be conducted from a Kuwaiti bank account to your Australian bank account.
  • Cash pickup transfers. Search online to find your nearest MoneyGram or Western Union cash pickup location.
  • Online money transfers. There are several trusted online money transfer providers that allow you to send money between Kuwait and Australia.
  • Bank cheques. International cheques are a secure but slow transfer method.
Back to top

Emergency cash transfers in Kuwait

If you ever need to send an urgent cash transfer, remember to take the time to review the full details of your transaction before handing over any money. Emergency transfers tend to attract lower exchange rates and higher fees than ordinary transfers, so even a small transfer could end up costing much more than you expect. Read the fine print closely instead of simply rushing into a transaction.

Cash pickup locations in Kuwait/ Western Union / MoneyGram branches in Kuwait

With hundreds of thousands of agent locations, Western Union and MoneyGram are the world’s two largest providers of international money transfer services. Some popular cash pickup locations in Kuwait are listed below, but make sure to phone ahead to confirm locations and opening hours. Photo ID and a transaction number will also be required when picking up funds.

Western Union

Kuwait City

  • 360 Mall Grant Supermarket
    New Branch
    Kuwait, Kuwait 13001
    +965-22411841
    Open 8:30am to 10:30pm seven days
  • Abbasiya 5
    Block 10, Building # 26,
    Shop Abbassiya Abbassiya,
    Kuwait 13002
    +965-22411841
    Open 8:30am to 10:30pm seven days

Al Ahmadi

  • Al Muzaini Exchange Co.
    Reggae
    Block - 2, St - 1,
    Reggae, Alahmadi 2156
    +965-4887056
    Open 9:30am to 11:30pm Saturday to Thursday, 7pm to 11:30pm Friday
  •  Lulu Exchange Co.
    Block 54, Building 5,
    Mohamed Saud Zben Allamia Bldg
    Mangaf, Ahmedi
    +965-2-3729744

MoneyGram

Kuwait City

  • Al Hanifa Exchange
    Salem Al Mubark St
    Kuwait
    +965-2-5725711
    Open 8am to 9pm Saturday to Thursday, 4:30pm to 9pm Friday
  • Bahrain Exchange Company
    Al-Shuhada St Murgab
    Safat 1824000
    Open 8am to 11:30pm seven days
  • Bahrain Exchange Company
    Fahad Al Salem St Salhiya Complex
    Murgab
    22492350
    Open 8am to 11:30pm seven days
  • Bahrain Exchange Company
    Al Watiya,
    22472086
    Open 8am to 11:30pm seven days
Back to top

Tips for picking up cash in Kuwait

  • DFAT warns Australian travellers to Kuwait to exercise a “high degree of caution”
  • Take a friend with you for extra security
  • Phone ahead to confirm the location and opening hours of a cash pickup agent
  • Keep your money concealed - don’t wave it around in front of strangers
  • Deposit the money in your bank account as soon as possible

What are the steps to send money to Kuwait?

The transfer process when sending money to Kuwait varies depending on the transfer provider you choose. However, you will generally need to follow these simple steps:

  1. Sign up for an account. You will need to provide your name, contact details, proof of ID and possibly your bank account details.
  2. Enter transaction details. You will need to specify whom you are sending the money to and in what country, as well as the amount of money being transferred and your chosen currency.
  3. Submit and track transfer. Review the details of your transfer before handing over any money. You can then use a tracking number to monitor the progress of your funds.

International Money Transfer Offers

Learn about our information service
TorFX International Money Transfers

TorFX guarantee to beat any competitor's exchange rate for a transaction
Conditions apply

Exclusive: World First Foreign Exchange

Exclusive offer: $0 transfer fee
Transfer money into a range of currencies online and over the phone.

Exclusive: CurrencyFair International Money Transfers

Exclusive offer: 3 Free transfers (after your first transfer).
A peer-to-peer transfer service with a large range of currencies on offer.

FC Exchange International Money Transfers

No transfer fee via online, branch or phone when transferring more than £10,000 or equivalent.

Ask a Question

You are about to post a question on finder.com.au

  • Do not enter personal information (eg. surname, phone number, bank details) as your question will be made public
  • finder.com.au is a financial comparison and information service, not a bank or product provider
  • We cannot provide you with personal advice or recommendations
  • Your answer might already be waiting – check previous questions below to see if yours has already been asked

Disclaimer: At finder.com.au we provide factual information and general advice. Before you make any decision about a product read the Product Disclosure Statement and consider your own circumstances to decide whether it is appropriate for you.
Rates and fees mentioned in comments are correct at the time of publication.
By submitting this question you agree to the finder.com.au privacy policy, receive follow up emails related to finder.com.au and to create a user account where further replies to your questions will be sent.

Ask a question
feedback