Best way to send money to Oman | finder.com

How to send money to Oman

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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 US 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.
XE Money Transfer

XE Money Transfer

XE specializes in a wide range of foreign currency solutions and offers an affordable solution when you need to send money overseas.

  • Send money to 170+ countries.
  • Competitive exchange rates that are often better than banks.
  • Transfer up to $500,000 online.
  • See exchange rates in real-time.

    Compare money transfer services to Oman

    I want to send

    to

    Min. Transfer Amount Transfer Speed Online Transfer Fee Rate Amount Received Description CTA Details
    USD 0 3 - 5 days - - Transfer up to $500,000 with no minimums and no fees. Go to site Show details
    USD 1,000 1 day USD 0.00 0.382 OMR 1,908 No maximum limit, no fees and competitive exchange rates for 100+ currencies. Go to site Show details
    USD 1 1 day USD 8.00 0.372 OMR 1,856 Easily transfer cash to more than 350,000 locations around the world. Go to site Show details

    Compare up to 4 providers

    How do I compare transfer companies when sending money to Oman?

    Before you settle on a single money transfer company, take the time to compare your options and know the ways they differ.

    • Exchange rate and fees. A seemingly great exchange rate doesn’t necessarily translate into a good deal, especially if you end up paying high fees. Similarly, opting for a service provider that doesn’t charge any fees may not work well if you get an unfavorable exchange rate. Looking at the total money the recipient stands to receive should give you a clear picture of which service provider to choose.
    • Ways to send money. Banks that perform fund transfers to Oman can let you do so in person, online or over the phone. Some money transfer companies have stores and kiosks, which you can visit to send money to Oman. A number of businesses let you send money to Oman using the Internet. Some may even allow you to initiate the process over the phone.
    • Ways to receive money. The recipient can receive money directly into an Omani bank account. Another option is to collect money by visiting a cash pickup location.
    • Using the same bank. Using a bank to send money to Oman can work in your favor if you and your recipient have accounts with the same bank. In this case, you can benefit through a quick turnaround time and reduced fees.
    • Turnaround time. Transfers to bank accounts can take multiple business days, depending on the service provider you choose. Money transfer companies tend to process transfers quicker than banks. If you’re sending money to a cash pickup location, the transfer can happen in minutes.
    • Customer service. Find out how you can contact a company representative, should the need arise. Ideally, you should be able to get in touch with one over the phone, via chat and via email.

    Banks vs money transfer companies

    Faheem Al Said arrived in the US as a student. After he finished school, he scored a decent job with a respected company. Because he had extra money in the bank, he decided to start sending some money back home to his aging parents.

    The bank Faheem had an account with permitted electronic fund transfers to Oman. However, he felt he could get a better deal by comparing his options.

    US bankMoney transfer service
    Exchange rate$1 = $0.2478 OMR$1 = $0.2668 OMR
    Transfer fee$22$0
    Amount received for $1,000$242.35 OMR$266.80 OMR
    Transfer time3 to 5 days1 day
    Transfer optionsBank accountBank account
    Difference of$24.45 OMR

    Faheem’s decision to go with the money transfer company came as no surprise. Not only did the money transfer company offer a more competitive exchange rate, it provided a no-fee service as well. This resulted in Faheem’s parents receiving considerably more money than he would have through the bank.

    What are the steps to send money to Oman?

    1. Compare your money transfer options in the table above.
    2. Click Go to site when you’ve found a provider you want to work with.
    3. Create an account and start a transfer.
    4. Supply your recipient’s name and information.
    5. Pay for your transfer and save your tracking number.

    You can use your tracking number to check on your transfer and make sure your recipient gets the money they need within the time cited by the transfer company.

    Foreign exchange rates explained

    Exchange rate determines how much one country’s currency is worth when converted to the currency of another country. A strong currency like the US dollar will generally yield much more money when exchanged with a weaker currency like the Omani rial. In September 2018, this amount was about 0.39 rial per 1 dollar. However, the exact amount you get will depend on the exchange rate given by your transfer company and the market value set by banks.

    See today’s US dollar to OMR exchange rate

    What are my options for sending money to Oman from the US?

    • Banks. Several US banks let you transfer money to Omani bank accounts. Banks tend to charge high fees for their services, and the turnaround time can vary from one bank to the next. Another option is to send a bank-issued check or money order via mail.
    • Non-banks. Non-banking businesses such as Western Union and MoneyGram let you send money to Oman, to bank accounts as well as to cash pickup locations. Some money transfer companies limit their operations to the online world, giving you the ability to transfer funds directly into Omani bank accounts.
    • PayPal. If you and the recipient have PayPal accounts, you can use its services for sending money to Oman from the US.

    Tips for picking up cash in Oman

    Picking up cash from a transfer agent in Oman? Follow a few simple steps to ensure that you and your money stay safe:

    • Avoid any areas where crime is known to be a problem.
    • Keep your wallet and/or bag safe and secure at all times.
    • Take a friend along to provide additional security and peace of mind.
    • Don’t flash your cash around in public.
    • Don’t carry large sums of money around for any longer than is absolutely necessary.

    Fast cash transfers

    There are certain situations when you might need to send a transfer as quickly as possible. When you do need to send an emergency transfer, remember that you’ll usually have to pay extra in order to get your funds to your beneficiary ASAP. Make sure to check the exchange rate and fees that apply so you know exactly how much it will cost.

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    US International Money Transfers Offers

    Important Information*
    XE Money Transfer

    Transfer up to $500,000 with no minimums and no fees.

    WorldRemit International Money Transfers

    Use promo code FINDER to send your first transfer with no fee.
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    World First

    No maximum limit, no fees and competitive exchange rates for 100+ currencies.

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    US International Money Transfers Offers

    Important Information*
    XE Money Transfer

    Transfer up to $500,000 with no minimums and no fees.

    WorldRemit International Money Transfers

    Use promo code FINDER to send your first transfer with no fee.
    Send to 110+ countries for bank-to-bank deposit, cash pickup or mobile top-up.

    World First

    No maximum limit, no fees and competitive exchange rates for 100+ currencies.

    TransferWise

    Enjoy high maximum transfers into more than 20 currencies while saving up to 90% over local banks.

    Go to site