How to send money to Qatar
Learn how to transfer money to Qatar with the lowest fees and best rates with these 4 steps
1. Check the QAR rate against your sending currency
Even though the currency market is fluctuating, it is a good idea to keep an eye on it to maximize how many the recipient of your transfer will receive. Follow the exchange rate and validate your transaction when the mid-market rate is close to its highest level of the last few days.
2. Compare 16 companies available to send money to Qatar in order to find the best one.
Monito's comparison engine lists 16 money transfer companies to send money to Qatar, such as TransferWise, Western Union, Currencies Direct, Currency Solutions, Xendpay. Using the most competitive company from the list is the best way to save on fees and exchange rate.
3. Choose the best option for your needs
What do you value the most? Total cost, speed of transfer, customer ratings? Balance the advantages and disadvantages before selecting the provider.
Another important aspect is to have a look at the pay-in/out methods. You can often have money transfer providers giving you the option to transfer the money directly from your bank account, others will also accept debit and credit cards. On the recipient's side in Qatar, choose if you need the money to be sent directly to the recipient's bank account or be available for cash pick-up.
4. Sign up and start your transaction with the provider of your choice
It is now time to complete the sign-up form on the money transfer provider's homepage - be aware you will often need to give an ID document and/or a proof of adress - and get started with your money transfer to Qatar.