How to send money to Qatar
Find out how to transfer money to Qatar with the best rate in 4 easy steps
1. Check the QAR exchange rate against your own currency
Transfering money on a date when the mid-market is higher than usual is a good way to optimize your transfer. Monitor the evolution of the Qatari riyal mid-market and send the money when the rate is at its highest level of the past days.
2. Compare 16 money transfer providers available for transfers to Qatar to find the best one.
Monito compares quite a few companies to make money transfers to Qatar, such as TransferWise, Western Union, Currencies Direct, Currency Solutions, Xendpay. Using the right provider from the list is a sure way to save on fees and exchange rate.
3. Pick the best option for your needs
Which criteria is the most important for you? Overall cost, speed, user ratings? Examine the pros and cons before making your choice.
It is also important to consider the pay-in and pay-out methods. You may have the choice to pay your transfer by bank wire or by cards (credit or debit). On the other side of the transfer, look at different options if you need the money to be deposited on a local bank account or available for pick-up in cash at an agent location.
4. Sign up and get started wih your transaction to Qatar with the money transfer provider you selected
Visit the provider's homepage to complete the sign-up process - be aware you will often need to upload an ID document and/or a proof of adress - and configure your transfer to Qatar.