MUSCAT — Several banks in Oman have introduced free local money transfer services, allowing customers to send funds domestically at no cost through their banking applications.
The move is part of broader efforts to simplify financial transactions, enhance customer convenience and accelerate the shift toward digital payments across the Sultanate’s banking sector.
Under the service, customers can transfer money instantly within Oman without traditional transfer fees, using digital banking platforms and approved payment channels. Previously, banks charged fees for transfers between different local banks, a practice that had drawn widespread criticism from customers.
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Some readers speaking to The Arabian Stories confirmed that they are now able to transfer money from one local bank to another without incurring any charges, welcoming the decision as a positive step that eases everyday financial transactions.
Meanwhile, an official from a leading local bank also confirmed the move to TAS, saying the initiative reflects the banking sector’s commitment to improving customer experience and supporting Oman’s digital payments ecosystem.
The rollout supports national goals to strengthen electronic payment systems, reduce reliance on cash and improve financial inclusion, in line with Oman’s wider digital transformation agenda.
