Send Money to Oman

Margin Rate: 0.8%
Minimum Transfer: £2000
Transaction Fees: £0
FCA Regualted: FCA Regulated
Margin Rate: 5%
Minimum Transfer: £5000
Transaction Fees: £0
FCA Regualted: FCA Regulated
Margin Rate: 1%
Minimum Transfer: £5000
Transaction Fees: £0
FCA Regualted: FCA Regulated
Margin Rate: 0.7%
Minimum Transfer: £5000
Transaction Fees: £0
FCA Regualted: FCA Regulated
Margin Rate: 1%
Minimum Transfer: £5000
Transaction Fees: £0
FCA Regualted: FCA Regulated

Countries in Oman

Send money transfer to Oman

Oman, whose currency is the Omani rial (OMR) has liberal policies regarding the sending of money into or out of the country. It does not restrict remittances or money transfers abroad for any type of capital transfer, including equity, debt, interest, dividends, royalties, management or service fees, or personal savings.

For simple transfers to Oman there are different options available:

Provided the recipient has a bank account in Oman a bank transfer will be the easiest method of sending cash. Anyone holding a residence visa in Oman is allowed to open a bank account, to import and export funds and no declarations of currency are required.

If you want to send cash without using your bank account or if you do not have one yet, you can opt for a worldwide money transfer service via a Money Sending Bureau. These establishments found in major cities around the world and are very common in Oman. With this option however you will need to pay a significant commission on the transfer and it is worth looking around as fees can vary between just a few percent as high as 15% of the sum being sent. These institutions also often comparatively poor exchange rates so again the total costs need to be considered.

The procedure is however relatively simple: You take the money you would like to transfer to an office in cash. You have to fill in a form, pay the service fee, and show a valid ID. Alternatively, you can process your money transfer online. Once this procedure is done, the recipient can pick up the money at another office simply by showing his or her own ID. With the transaction number you receive, you can track the status of your transfer online.

Bank Note System
The Omani riyal (OR) is divided into 1,000 baiza (or baisa). Coins are 5, 10, 25, 50 and 100 baiza, notes are 100 and 200 baiza, and OR0.5, 1, 5, 10, 20 and 50.