Personal Finance

Which service to send money to Oman...

  • Last Updated:
  • Sep 2nd, 2021 5:15 pm
[OP]
Sr. Member
Dec 1, 2003
542 posts
180 upvotes
Ottawa

Which service to send money to Oman...

I am trying to send about between 10-20k to a relative of mine in Oman. I have been used transferswise in the past which has been very reliable to me but unfortunately, Oman is not supported yet. Does anybody have any suggestions that provides both good rates and reliability?

I have looked at this site which provided 4 options. Has anybody used halo financial or currency solutions? Are they legit/reliable?

https://www.monito.com/send-money/canad ... /omr/19000
4 replies
Jr. Member
Dec 3, 2019
181 posts
104 upvotes
What about using a bank that has global presence like HSBC. If the receiving person sets up a bank account in Oman you can just deposit money at a Canadian branch directly in their account.

In addition major banks in Oman will have bank accounts with Canadian banks. They might provide you with their account numbers for deposit.

I have used the above two methods myself although the FX rate was not as good as transferwise.
[OP]
Sr. Member
Dec 1, 2003
542 posts
180 upvotes
Ottawa
My current bank CIBC/TD doesn't seem to support Oman plus banks rates are horrible. I am looking for online suggestions are legit and hassle free with decent rates. (i.e. doesn't require a billion ways to verify info).
Jr. Member
Dec 3, 2019
181 posts
104 upvotes
I doubt that there is good conversion rates between Oman currency and CAD at the retail level.

The conversion of the currencies is very illiquid. You really need a lot of trade between two countries to occur for currency markups to be low. Banks will use USD as the intermediary currency in these sort of conversions which makes the cost higher.

I would suggest to look on sending USD directly instead somehow.
Newbie
Jul 21, 2020
38 posts
28 upvotes
crow wrote: I am trying to send about between 10-20k to a relative of mine in Oman. I have been used transferswise in the past which has been very reliable to me but unfortunately, Oman is not supported yet. Does anybody have any suggestions that provides both good rates and reliability?

I have looked at this site which provided 4 options. Has anybody used halo financial or currency solutions? Are they legit/reliable?

https://www.monito.com/send-money/canad ... /omr/19000
Use Xoom. It is owned by PayPal. Very reliable but the exchange rate might not be great. Here is the link:

https://www.xoom.com/oman/send-money

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