Send Money to Oman: Best Money Transfer Services | Finder Canada

Finder is committed to editorial independence. While we receive compensation when you click links to partners, they do not influence our content.

Send money to Oman

Here’s how to send a quick, affordable and secure money transfer to Oman.

When you’re looking to send money to someone in Oman, you have more options than you might think to convert your Canadian dollars to Omani rials. From banks to dedicated money transfer companies, you can get the most per dollar by comparing rates and knowing the fees you may be charged.

Send money to Oman with WorldRemit

An online money transfer service with cash pick-up, bank account to bank account and airtime transfers available.

  • Choose how you want to send your money - via bank transfer, cash pickup or mobile money
  • Instant money transfers available
Promoted

Compare money transfer companies in the table below

Min. Transfer Amount Transfer Speed Online Transfer Fee Rate Amount Received Description CTA Details
CAD 1 Same day CAD 0.00 0.306 OMR
1,528
XE has fast transfers with no fees and a range of foreign currency tools. Go to site Show details
CAD 0 Within an hour CAD 3.99 0.306 OMR
1,529
Use promo code 3FREE to send your first 3 transfers with no fee. Conditions apply.
WorldRemit sends money to 110+ countries for bank-to-bank deposits, cash pick-ups or mobile top-ups.
Go to site Show details
USD 150 1 day CAD 15.00 0.304 OMR
1,516
Exclusive offer: Discounted exchange rates for your first and ongoing transactions. $0 transfer fee.
OFX has no maximum limit transfers, with competitive exchange rates for 45+ currencies.
Go to site Show details

Compare up to 4 providers

Disclaimer: Exchange rates change often. Confirm the total cost with the provider before transferring money.

What’s the best way to send money to Oman?

Online money transfer providers typically offer the strongest exchange rates and lowest fees on money transfers to Oman. Some offer cash pickup in as little as a few minutes, while others seamlessly transfer to bank accounts.

Can I send money to Oman through PayPal?

Yes, PayPal supports accounts in Oman for buying, selling and sending money. Beware of higher transfer fees and poor exchange rates if using PayPal to send money to Oman from Canada. Read our PayPal review to learn how to get started.

Digital money transfer services

Companies like XE and Wise specialize in foreign currencies, making them some of the most cost-effective transfers. Most offer transfers directly to your recipient’s Oman bank account, often in as little as a day or two.

Cash transfers

Services like WorldRemit allow you to transfer cash for pickup at a local branch in Oman — often in 15 minutes. While it’s a fast way to send money, you’ll pay for the convenience in weak exchange rates and high fees. Western Union also operates in Oman, but always double-check Western Union’s prices when sending to Oman to make sure you aren’t paying too much in fees.

Banks

Oman rials are not a popular currency, so your local bank may not be able to exchange them. If your bank supports Oman rials, beware of high fees and wide margins on the exchange rate compared to digital and other options when sending a wire transfer to Oman.

Let’s crunch the numbers: Sending $1,000 to Oman

Let’s say you need to send $1,000 to family in Oman. Here’s what you might face as far as fees and exchange rates as of October 20, 2020.

<td]>OMR 278OMR 242

Digital money transfer serviceCash transferBank transfer
Fee$0$3.99$50 + additional correspondent bank fees
Exchange rate1 CAD = 0.2786 OMR1 CAD = 0.2786 OMR1 CAD = 0.2543 OMR
Transfer speed1-2 dayMinutes2-5 days
Amount receivedOMR 279COP 277COP 242
Verdict
  • Best value
  • Fastest
  • Slowest and most expensive

The bank option ends up being both the slowest and gets the smallest amount of money to your recipient in Oman. If you go with the digital money transfer service, your recipient ends up with OMR 37 more than the bank offers.

How to send money to Oman online

Sign up and send money with a digital money transfer specialist in four steps:

  1. Sign up for a free account. Pick a provider and sign up for a free online account using your contact information, proof of ID and preferred payment method.
  2. Provide transfer details. Submit your recipient’s contact information and pick a delivery method. If transferring to a bank, you’ll need their Oman bank account details.
  3. Confirm transfer details. Double-check your payment method, expected fees and destination.
  4. Save your receipt. Record your receipt’s confirmation number to track the progress of your transfer to Oman. Some money transfer providers send a text or email when your transfer is complete.

How to get the most out of your money transfer to Oman

Weigh costs and fees against convenience to learn how to compare money transfer providers that send to Oman to best meet your needs:

  • Exchange rates. The CAD-OMR relationship doesn’t fluctuate often, but using a service that allows you to lock-in exchange prices may help you save money down the line if the Oman rial rises against the Canadian dollar.
  • Transfer fees. Transferring money overseas nearly always requires fees, but they might be hidden in the exchange rate. When sending large amounts, it may be cheaper to pay a flat fee to secure a stronger CAD-OMR exchange rate.
  • Transfer limits. How much you can send varies by company, and different amounts can attract higher or lower fees. Shop around for the best deal on the amount of pesos you’re sending to Oman.
  • Turnaround. Transferring money through a local bank can take a business week or longer. If you need the funds delivered quickly, seek out a digital specialist that offers instant transfers to Oman.
  • Sending limits. Comparing prices for one large transfer instead of many small transfers is typically easier, so picking the service you use based on how much you’re sending is a valid strategy for saving money.
  • Transfer methods. Whether you want money sent to an Oman bank account or picked up as cash at a local agent, narrow down a company that matches your preferred delivery method.

Emergency cash transfer

When urgency trumps cost to get your money to Oman quickly, look for money transfer companies that support cash pickup in minutes. You can pay with a credit or debit card for fast pickup, but fees are higher than other methods.

How to send money to Oman without a bank account

Cash transfer services can help you if you don’t have a bank account, look for a local company that supports storefronts for cash payments. These services include agent locations in other countries that allow your recipient to pick up cash without a bank account.

Oman’s exchange rates explained

The exchange rate determines how much one country’s currency is worth in another country’s currency. When a country’s currency is strong, it yields more money when exchanging it in a country with a weaker currency. Oman’s exchange rate is fairly fixed compared to the Canadian dollar. Because of this, the CAD-OMR relationship typically remains relatively stable. Factors that influence the exchange rate include interest rates, economic stability and inflation.

Today’s exchange rate CAD to OMR

1
0
Updated: 10 Apr 2021 20:12:17 UTC

Documents needed for sending to and receiving money in Oman

To send money to Oman from Canada, you’ll need government-issued ID and other documents, while documents needed to pick up money in Oman may be different by company.

Documents to send money from Canada

To send money from Canada to Oman, you’ll need documentation and details that include:

  • Identification. Most services require a driver’s license, passport or other government-issued ID. Some services allow you to send transfers without ID, but they may require your SIN.
  • Payment method. Your service may accept credit or debit cards, cash, bank accounts or personal cheques.
  • Recipient information. Submit your recipient’s name as it appears on their ID, along with their phone number and Oman bank account information.

Documents to receive money in Oman

To pick up money in person, documentation can include:

  • Transfer number. The person sending you money can forward the transfer’s confirmation details — called a PIN, a MTCN, a reference number or a tracking number, depending on the company.
  • Government-issued ID. A Oman Passport, Oman ID or similar official ID may be required to pick up your transfer..
  • Amount sent. You may need to know how much was sent, usually within 10% of the total.
  • Sender’s information. Take along your sender’s full name, the sending country and their address, if known.

What to watch out for

When you send money to family members in Oman, the money may be subject to taxes but it depends on a lot of variables. In general, you won’t have to report any amount of money to the CRA that you transfer out of Canada. But it’s still a good idea to keep all records of transfers just in case.

Bottom line

Sending your hard-earned money to Oman shouldn’t cost a fortune. Compare money transfer companies that specialize in foreign transactions for the strongest rates, lowest fees and flexible delivery. For transfers to other countries, rely on our country specific guides the next time you need to make a transfer.

More guides on Finder

Ask an Expert

You must be logged in to post a comment.

Go to site