Best way to send money to Qatar | finder.com

How to send money to Qatar

We value our editorial independence, basing our comparison results, content and reviews on objective analysis without bias. But we may receive compensation when you click links on our site. Learn more about how we make money from our partners.

Here’s how you can send an affordable international money transfer to Qatar.

Converting your US dollars to an exotihttps://www.finder.com/wp-admin/options-general.phpc currency like the Qatari riyal may not be an easy process, especially if you’re looking into a bank transfer, but you can make things easier by comparing your money transfer options. Rather than spend time and hard-earned money on expensive fees and a long processing period, check out a few ways you can save on fees and get a better exchange rate when you’re sending money from the US to Qatar.

World First

Why we like: World First

Pay $0 fees to transfer money in more than 140 currencies to more than 45 countries overseas.

Convenient money transfers with excellent customer service and no transfer fee every day:

  • Enjoy competitive exchange rates.
  • Lock in low rates with forward contracts and limit orders.
  • Get weekly updates on the market.

    Compare money transfer services to Qatar

    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 3.607 QAR 18,033 No maximum limit, no fees and competitive exchange rates for 100+ currencies. Go to site Show details

    Compare up to 4 providers

    Banks versus money transfer companies

    Banks may be useful for highly-traded currency pairs, but when you’re looking to exchange USD for QAR, a bank may not be your best option. If it does do money transfers to Qatar, you’ll likely be faced with subpar exchange rates and expensive fees. On the other hand, money transfer companies generally offer transfers in most every currency, even Qatari riyal. You’ll likely get a better exchange rate, pay a smaller transfer fee and get your transaction processed faster than you would with bank, making money transfer companies a solid choice.

    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 because it’s an exotic currency, so John has to compare two specialist services.

    Money transfer company 1Money transfer company 2
    Exchange rate$1 USD = $3.641$1 USD = $3.595
    Transfer fee$0$5
    Transfer methodOnline transferOnline transfer
    Transfer time1 to 3 days1 to 3 days
    Amount received (in QAR)$3,641 QAR$3,595 QAR

    As the table shows, John can send an extra $46 QAR using the first transfer company and can also save $5 in transfer fees.

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

    • 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?

    Foreign exchange rates explained

    Foreign exchange rate is used by both banks and money transfer companies to calculate how much the currency of one country is worth when converted to the currency of another country. When a currency is strong, it will yield more when exchanged for a weak currency. The US dollar is strong when compared to the Qatari riyal, so you’ll be able to get more riyal per dollar you spend. As of September 2018, this amount was about 3.64 QAR per 1 USD. However, this amount can fluctuate regularly because of inflation and interest rates between the two countries.

    Live USD-QAR exchange rate

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

    • Money transfer providers. You have a few options when sending money to Qatar. Take your time and compare the rates, fees and transfer times of each company before making a final decision.
    • Cash pickup transfer providers. Western Union and MoneyGram operate the two largest cash transfer networks in the world. This means your recipient will likely be able to pick up cash at multiple locations throughout Qatar.
    • Bank transfers. Because the Qatari riyal is an exotic currency, you may not be able to make a transfer if you don’t do business with an international bank. However, you may still be able to make a bank-to-bank transfer in US dollars that your recipient can then convert to Qatari riyal.
    • International checks. You can mail an international check from the US, but it will generally be your slowest option.

    What are the steps to send money to Qatar?

    1. Choose a money transfer provider from the table above.
    2. Click Go to site and create an account.
    3. Start a transfer, provide information about your recipient and select how much you want to send.
    4. Pay for your transfer and save your receipt or tracking number.

    Your tracking number can be used to follow up on the progress of your transfer and get help if you run into any problems during the transfer process.


    Emergency cash transfers in Qatar

    Emergency transfers from the US to Qatar are possible, but you may have to pay extra for an expedient transfer. Usually, money transfer companies will charge high fees and offer less attractive exchange rates when you need to make a quick transfer. Take the time to review your options and the details of your transaction to make sure you aren’t spending more money than you have to when sending an emergency transfer to your recipient in Qatar.

    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. You should also deposit your cash as soon as possible in your bank account or a safe. This can help keep your money safe from theft.

    Was this content helpful to you? No  Yes

    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.

    Ask an Expert

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

    • Do not enter personal information (eg. surname, phone number, bank details) as your question will be made public
    • finder.com 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

    Finder.com provides guides and information on a range of products and services. Because our content is not financial advice, we suggest talking with a professional before you make any decision.

    By submitting your comment or question, you agree to our Privacy and Cookies Policy and Terms of Use.

    Questions and responses on finder.com are not provided, paid for or otherwise endorsed by any bank or brand. These banks and brands are not responsible for ensuring that comments are answered or accurate.

    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