Compare Options When Sending Money Overseas to Qatar

Information verified correct on January 23rd, 2017

Quatar

Sending money overseas doesn’t have to be expensive. Here’s how you can send an affordable international money transfer to Qatar. 

When you need to get money to a loved one overseas, the last thing you want to have to deal with is navigating a potentially complicated and expensive process. Sending money from the United States to Qatar doesn’t have to be expensive. Compare the transfer fees and exchange rates of the many options available to you to get the most Qatari riyals for your dollar.

From bank transfers and online transactions to options that allow recipients to collect your funds within minutes, sending an international money transfer to Qatar is easy. However, do your research and shop around for the best available deal.

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Rates last updated January 23rd, 2017

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With over 17 years of foreign exchange expertise and over $100 billion transferred, OFX can help with all your currency exchange needs, including:

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Min. Transfer Amount Transfer Speed Services Online Transfer Fee Rate Amount Received
Payoneer International Money Transfers
Send Mass Payments To Your ... Send Mass Payments To Your Payees Worldwide
USD 20
OnlinePhone
Rates are always
changing, click to check
your price today
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WorldRemit International Money Transfers
An online money transfer service ... An online money transfer service with cash pickup, bank account to bank account and airtime transfers available.
USD 1 Within an hour
OnlineCash Transfer
Rates are always
changing, click to check
your price today
Go to site More
World First Foreign Exchange
Exclusive offer: $0 transfer fee ... Exclusive offer: $0 transfer fee
Transfer money into a range of currencies online and over the phone.
USD 500 2 days
OnlinePhone
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changing, click to check
your price today
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Transferwise International Money Transfers
Make online transfers in a ... Make online transfers in a range of currencies and enjoy high maximum transfer amounts.
USD 1 1 day
Online
Rates are always
changing, click to check
your price today
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HiFX International Money Transfers
Transfer money between 20 currencies ... Transfer money between 20 currencies and enjoy scheduled regular transfers. No fee for transfers over US $5,000.
USD 100 2 days
OnlinePhoneAgent
Rates are always
changing, click to check
your price today
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Currencies Direct International Money Transfers
$0 online transfer fee that ... $0 online transfer fee that you can access 24/7.
USD 100 2 days
OnlinePhone
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changing, click to check
your price today
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OFX International Money Transfers
Exclusive offer: Special exchange rates ... Exclusive offer: Special exchange rates and $0 transfer fee
OFX is currently offering finder.com exclusive exchange rates and $0 transfer fee on all transfers.
USD 150 1 day
OnlinePhoneAgentInternational Money Order...
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changing, click to check
your price today
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TorFX International Money Transfers
TorFX guarantee to beat any ... TorFX guarantee to beat any competitor's exchange rate for a transaction. Conditions apply
USD 150 1 day
OnlinePhoneAgent
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changing, click to check
your price today
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Banks versus money transfer companies

Many people assume that their bank will offer the easiest and most affordable way to send money overseas. In reality, however, this is not usually the case. Banks offer some pretty unimpressive exchange rates on international transfers, and don’t be surprised if they also hit you with high fees.

Instead, consider using a specialist money transfer provider such as TorFX or World First. Dedicated international transfer providers are experts at moving money overseas, and they can do it for much less than banks. Their secure transfers come with much better exchange rates and much lower fees than  banks offer, allowing you to save plenty of money each time you send funds overseas.

Case study: John Sends Money to Qatar

When John’s son Peter got a job in the oil industry in Qatar, John never imagined he’d have to bail his son out of financial trouble ever again. But after a string of bad investments, Peter is borderline broke and asks his dad to send him $1,000. His banks don’t offer the QAR as it’s an exotic currency, so he has to compare two specialist services.

As the table shows, John can send an extra $80 QAR using the second transfer company and can also save $5 in transfer fees.

Money transfer company 1Money transfer company 2
Exchange rate$1 USD = $2.41$1 USD = $2.49
Transfer fee$5$0
Transfer methodOnline transferOnline transfer
Transfer time1-3 days1-3 days
Amount received (in QAR)$2,410 QAR$2,490 QAR
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How do I compare transfer companies when sending money to Qatar?

When comparing your options, pay attention to these factors:

  • Exchange rates. How do each company’s exchange rates compare to the competition?
  • Fees. How much will you have to pay to send the transfer? Can you avoid a transfer fee if you send a larger amount?
  • Transfer methods. Can transfers be placed online, over the phone, by visiting a branch and/or by using a mobile app?
  • Transfer options. Can you lock in an ideal exchange rate now and transfer the money later, known as a forward contract? Does the institution offer limit orders, which allows you to take advantage of changing market conditions by executing the money transfer when a certain exchange rate is met? Can you schedule recurring payments, or does the company only provide one-off spot orders?
  • Turnaround time. Will the funds be available for your beneficiary in minutes, or will they take several working days to arrive?
  • Minimum transfer amount. What is the minimum transfer limit imposed by each company, and will this affect the size of your transfers?
  • Pickup methods. Can your beneficiary pick up the cash from their nearest transfer agent, or will the funds be deposited into their bank account?
  • Customer service. What sort of customer support is offered and during what hours can you receive assistance?
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Foreign exchange rates explained
The exchange rate determines how much one country’s currency is worth in another currency. When a country’s currency is strong, it will yield more money when exchanging it in a country with a weak currency. For example, in December 2016, the U.S dollar was worth approximately 19 Mexican pesos. However, most countries’ exchange rates are flexible, which means it can change from moment to moment. Factors that influence the exchange rate include interest rates, economic stability and inflation.

What are my options for sending money to Qatar from the U.S.?

  • Money transfer providers. There are plenty of transfer providers to choose from, so compare your options to find one that offers the best deal.
  • Cash pickup transfer providers.  Western Union and MoneyGram operate the two largest cash transfer networks in the world.
  • Bank transfers. Any U.S. bank should be able to help you send a transfer from your U.S. bank account to Qatar.
  • International checks. Obtaining an international check from your bank and then mailing it overseas is another option.
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Emergency cash transfers in Qatar

When you need to send an emergency cash transfer to Qatar, be aware of the fact that you will usually have to pay extra to ensure your funds arrive as quickly as possible. Urgent transfers attract poor exchange rates and higher fees than ordinary transfers, so you can expect to pay a little bit extra. Review the details of your transaction before you pay any money to make sure you know whether you’re getting a good deal.
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Tips for picking up cash in Qatar

When picking up cash from a transfer provider’s branch, make sure that you take a friend along with you to provide extra security. Only visit a cash collection branch in an area you know is safe, and make sure to never display your cash in front of strangers.

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What are the steps to send money to Qatar?

  1. Sign up for an account. You can usually sign up for a free account online by providing your full name, contact information, proof of ID and bank account details.
  2. Enter transaction details. You’ll need to provide the money transfer company with information about how much money you’re sending, in what currency and to where .
  3. Pay for your transfer. After reviewing the details and cost of your transaction, pay for your transfer and use the transaction reference number to monitor the progress of your funds.
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US International Money Transfers Offers

Learn about our information service
WorldRemit International Money Transfers

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

OFX International Money Transfers

Exclusive offer: Special exchange rates and $0 transfer fee
OFX is currently offering finder.com exclusive exchange rates and $0 transfer fee on all transfers.

World First Foreign Exchange

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

Transferwise International Money Transfers

Make online transfers in a range of currencies and enjoy high maximum transfer amounts.

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