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When you're looking to send money to someone in Oman, you have more options than you might think to convert your Australian 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.
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.
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 Australia. Read our PayPal review to learn how to get started.
Companies like XE and OFX 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.
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.
Oman is a valuable trading partner with Australia, so Omani rials are supported by several major banks. However, 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 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 11 November 2020.
|Digital money transfer service||Cash transfer||Bank transfer|
|Fee||$0||$60||$10 + additional correspondent bank fees|
|Exchange rate||1 AUD = 0.279 OMR||1 AUD = 0.264 OMR||1 AUD = 0.269 OMR|
|Transfer speed||1-2 day||Minutes||2-5 days|
|Amount received||OMR 279||OMR 264||OMR 266|
The digital money transfer option ends up being the best value, while a cash transfer is faster.
Sign up and send money with a digital money transfer specialist in four steps:
Weigh costs and fees against convenience to learn how to compare money transfer providers that send to Oman to best meet your needs:
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.
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.
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. Factors that influence the exchange rate include interest rates, economic stability and inflation.
To send money to Oman from Australia, you'll need government-issued ID and other documents, while documents needed to pick up money in Oman may be different by company.
To send money from Australia to Oman, you'll need documentation and details that include:
To pick up money in person, documentation can include:
Sending money to relatives or family members in Oman may be subject to taxes on the money transfer, but it depends on a lot of variables.
As for safety, crime levels in Oman are low. However, tourists can become victims of petty crimes such as theft and burglaries. When you collect money from a cash pickup centre, exercise normal safety precautions, as you would in Australia.
The Department of Foreign Affairs and Trade advises Australians against travelling to areas bordering Yemen because of ongoing conflict in the region.
When in Oman, carry your passport with you at all times for verification purposes. However, keep it carefully because it is attractive to criminals.
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.
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Transfer money overseas for $0. Valid till 15 February 2022. T&Cs apply.
Use one account to transfer money in up to 10 currencies without transaction or ATM fees.
Azimo sends money directly to a bank account or over 280,000 cash pick-up points. It also has fast transfers to 50+ countries.
TorFX guarantees to match any competitor's exchange rate. Conditions apply.
TorFX sends money overseas in 30+ currencies, with competitive rates for transfer amounts over $2,000.
New customers get their first transaction for free with code FIRSTFREE. T&Cs apply.
Send money in minutes at competitive exchange rates with this Australian money transfer service.
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