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Compare rates and fees for sending money to Qatar
There are multiple ways to easily send and receive money in Qatar but these will largely depend on the provider you decide to use.
How can I pay for my money transfer to Qatar?
While the exact payment method depends on the money transfer provider, the most common options include the following:
Bank transfers: A bank transfer isn’t always the quickest option but usually comes with the lowest fees.
Credit cards: For faster payments, use a credit card. However, note that some providers charge additional fees for currency conversion, and you may pay a cash advance fee for overseas transfers. Don’t forget to pay your balance — otherwise, you could incur additional charges in interest.
Debit cards: Like credit cards, debit cards can also bring currency conversion fees, though they may still be faster than bank transfers alone.
Digital wallets: Some providers allow you to link a digital wallet (like Google Pay or Apple Pay) to your transfer account.
What is the best way to send money to Qatar?
The best and fastest way to send money to Qatar is by using the XE app and paying via a bank transfer. Doing so will allow you to quickly send up to $2,000 with no fees and a lower exchange rate than other transfer providers. Other options include Western Union and PayPal, though these other services have a slightly higher exchange rate than XE.
If speed is paramount, you can also use a credit or debit card. Just be aware that this may result in higher fees, which makes this a less efficient option than a simple bank transfer.
How long does it take to send money to Qatar?
Transfer times can vary depending on two factors:
The amount you transfer
When you make the transfer
More considerable sums of money take longer to move through the security protocols. And if you wait until late in the day, you may miss the bank’s cut-off time, and the transaction will have to wait until the following day.
Money transfer companies offer fast transfer times. For example:
XE: One to two hours
Western Union: One to two hours
PayPal: Three to six hours
The above transfer times reflect a transaction of $2,000 or less. You may experience longer transfer times when sending larger amounts.
What is the fastest way to send money to Qatar?
Money transfer apps are among the fastest ways to send money to Qatar. Apps like XE and Western Union allow users to transfer money within a couple of hours.
You can accelerate the process by using a credit or debit card. However, these payment methods may include additional charges associated with overseas transfers and currency exchange, varying depending on your credit/debit card provider.
Qataris can also use cash pickups, often ready within minutes, assuming the recipient can access a cash pickup location. Senders and recipients can use apps like XE to find a local agent, and the recipient can pick up their money when the transaction is complete.
Despite the name, bank transfers over the SWIFT network are the least efficient and can compound fees when money is transferred between intermediary banks. A money transfer app will use its network to avoid delays or unnecessary fees.
Start searching for the best provider today. MoneyTransfers.com offers a helpful search tool to help you research the best apps to send money worldwide.
How much does it cost to send money to Qatar?
Anytime you send money overseas, you’ll incur at least three total costs:
The amount of money you’re sending
The fees associated with the service
The exchange rate
Some credit card providers may charge additional currency exchange or overseas transfer fees.
When sending money to Qatar, you must convert it to the Qatari Riyal, roughly equal to $0.27 in American currency. However, the exchange rate will vary between money transfer providers.
Here are the exchange rates for top-rated providers from MoneyTransfers.com:
XE: 3.6082 ($2,000 becomes QAR 7,216.45)
Western Union: 3.5318 ($2,000 becomes QAR 7,063.53)
Additionally, while some transfer providers offer fixed fees, others charge a percentage based on the money involved in the transfer and/or your payment method.
Transfer costs are also influenced by the mid-market rate, which is the midpoint between a foreign currency's buying and selling price.
What is the cheapest way to send money to Qatar?
If you’re looking for the cheapest way to send money to Qatar, use a money transfer provider and pay using a bank transfer. Apps like XE can provide transfers in just one to two hours with a low exchange rate and zero fees.
Western Union also offers zero fees, though it features a higher exchange rate, and PayPal can take a bit longer to process.
When possible, avoid using credit or debit cards. Although they can accelerate the transfer process, they may cause you to incur additional fees, and you may face high interest rates if you fail to repay your credit card balance.
Avoid wire transfers for the same reason. They usually bring higher fees and unreliable transfer times. The SWIFT network is notoriously inefficient, creating delays and compounding fees.
Want to find the best rates and fees? Simply use the search tool offered by MoneyTransfers.com.
What do I need to send money to Qatar?
To send money to Qatar, you’ll have to provide the following details, many of which you’ll enter when signing up for a money transfer provider:
Your personal details: Most transfer apps will ask you to provide your full name, address, and contact information and validate your identity by uploading a photo ID, such as your driver’s license or passport.
Information about the recipient: In addition to the recipient’s name and contact details, you’ll need the SWIFT code to identify their bank and 29-digit IBAN number. For Qatar, the IBAN will always begin with the two-character country code “QA,” followed by a two-digit check code, a four-character bank identifier, and a 21-digit account number unique to the recipient.
Payment method: Most transfer providers allow you to send money using a bank transfer, credit/debit card, or digital wallet.
What do I need to receive money in Qatar?
Qatari recipients will need to provide their name and contact details, along with identification such as:
Qatari driver’s license
Passport
Qatari ID (QID) card
When receiving money from overseas, make sure you provide your banking details, like your SWIFT code and accurate 29-digit IBAN.
Do I pay tax on money transfers to Qatar?
Taxation on money transfers depends on the amount you transfer and its intended purpose.
The USA allows you to transfer gift amounts up to $17,000 (or $34,000 for married couples filing jointly) without paying taxes. However, larger amounts will be subject to tax.
You’ll also be taxed if your business sends over $10,000 during the tax year or if you have a foreign bank account containing over $10,000.
Qatari recipients won’t generally pay a remittance tax, though any income they receive for a business payment may count as income tax for self-employed individuals.
What reasons do people send money to Qatar?
Of the 2.97 million Qatari residents, 2.63 million are expats drawn to the region’s oil-rich economy and high standard of living. At the same time, roughly 15,000 Qataris live in the United States.
Both trends create a need to send money to Qatar from overseas, including the USA. Common reasons include:
Tuition and educational expenses
Investments and foreign businesses
Debt consolidation
Medical bills
If you live in the USA, you can easily send money to Qatar using one of the bank transfer providers reviewed by MoneyTransfers.com.
Sending money to major banks in Qatar
Qatar is home to several major banks, including:
Qatar National Bank
Doha Bank
Qatar Islamic Bank
Commercial Bank of Qatar
Ahli Bank
Arab Bank
Qatar Development Bank
Most money transfer apps are compatible with some of Qatar’s major banking centers, and some allow cash pickups for added convenience.
The USD to QAR exchange rate
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What apps can I use to send money to Qatar?
Senders can transfer money using apps like:
XE
Western Union
PayPal
Recipients in Qatar can use digital wallets like:
CWALLET
iPay Qatar
Samsung Wallet
PayPal may also be an option. Certain banks, including the National Bank of Qatar, allow users to integrate PayPal with their online banking platform.
Want to find the best money transfer provider? Simply use MoneyTransfers.com to find a service that fits your needs.
Useful links for people from Qatar living abroad
If you’re from Qatar, you may benefit from links such as:
Don’t forget MoneyTransfers.com. You can use this site to perform additional research on money transfer options and find information on the best ways to send money to Qatar or around the world.
Sending different amounts of money to Qatar
How much are you planning on sending to Qatar? The amount you’re sending will impact your experience.
Sending under $1,000 to Qatar
Most money transfer apps allow you to send up to $2,000 easily, and apps like XE, Western Union, and PayPal let you send money without fees. Just pay attention to the exchange rate, which will influence how much you pay (and how much the recipient will get).
Sending $1,000 or more to Qatar
Again, common transfer apps let you easily send $2,000 to recipients in Qatar.
XE has a high transfer limit of up to $500,000. However, you can only send $3,000 using Western Union once your identification has been verified, after which you can send up to $50,000. PayPal allows unverified users to send up to $4,000 — higher amounts require verification or a linked bank account.
Sending $10,000 or more to Qatar
By using XE, you can send up to $500,000 per transaction. Once your ID has been verified, you can send up to $50,000 using Western Union, though you’ll be limited to $3,000 without verification.
PayPal allows verified users to send up to $10,000 in a single payment. You can send as much as $25,000 per transaction by linking your bank account.
Sending $100,000 or more to Qatar
To send large amounts, you’ll be restricted to XE. You can also pivot to a dedicated money broker like TorFX or Currencies Direct.
Amount | Best Provider | Amount Received |
|---|---|---|
$1,000 | XE | QAR 3,608.48 |
$5,000 | XE | QAR 18,042.39 |
$10,000 | XE | QAR 36,237.72 |
$20,000 | XE | QAR 72,475.44 |
$50,000 | XE | QAR 181,316.04 |
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Sending money anywhere else in the world is as easy as sending money to Qatar. If you're looking to send money to another country, here is the list of the most popular destinations.
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