How to send money to Montenegro

Here’s how to send a quick, affordable and secure money transfer to Montenegro.

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Montenegro may be a small Balkan nation, but that doesn’t mean you’re limited when it comes to sending money to a loved one. We make it easy to compare your rates, find the best money transfer company and get started on the process of wiring funds to Montenegro.

OFX International Money Transfers

Our pick: OFX International Money Transfers

OFX offers flexible transfer options, 24/7 customer support and no maximum limit. Send a minimum of $1,000 per year.

  • $0 transfer fees. Send fee-free transfers to over 195 countries worldwide.
  • Transfers in 55 currencies. OFX supports major, minor and exotic currencies.
  • Flexible options. Choose from forward contracts to scheduled transfers for convenience and flexibility.

    How to send money to Montenegro

    Because Montenegro uses the euro as a currency, you’ll have a handful of options when you want to send money to a friend or family member.

    1. Choose a provider from the table below.
    2. Click Go to Site and register with your chosen provider.
    3. Start a transaction by giving your provider information about your recipient.
    4. Select how much you want to send and pay for your transfer.
    5. Save your tracking number to make sure your transfer succeeds.

    Compare Money Transfer Services

    Min. Transfer Amount Transfer Speed Online Transfer Fee Rate Amount Received Description CTA Details
    USD 0 1 - 2 days USD 0.00 0.901 EUR 4,504 Offering no maximum and no minimum limit transfers with $0 fees. Go to site Show details
    USD 1 1 - 2 days USD 40.00 0.904 EUR
    4,486
    Enjoy high maximum transfers into more than 20 currencies while saving up to 90% over local banks. Go to site Show details
    EUR 1,000 1 - 2 days USD 10.00 0.895 EUR 4,468 Use TransferMate to help you send money to almost any country around the world for a small fee. Go to site Show details
    USD 1 Within an hour USD 3.99 0.901 EUR 4,500 Use promo code 3FREE to send your first 3 transfers with no fee. Send to 110+ countries for bank-to-bank deposit, cash pickup or mobile top-up. Go to site Show details
    GBP 1,000 1 - 2 days USD 0.00 0.895 EUR 4,477 Exclusive: Minimum transfer of $1,000 for Finder readers (normally $5,000).
    For larger transfers, get no transaction fees and no maximum send limits.
    Go to site Show details
    USD 1,000 1 day USD 0.00 0.895 EUR 4,477 No-maximum limit transfers with competitive exchange rates for 100+ currencies. Go to site Show details
    USD 5,000 1 day USD 0.00 0.895 EUR 4,477 Venstar will support you through the entire process of your international transactions, from start to finish. Go to site Show details

    Compare up to 4 providers

    What are my options for sending money from the US to Montenegro?

    • Specialist transfer providers. Companies such as OFX and CurrencyFair offer fast and affordable overseas transfers.
    • Cash pickup transfer companies. MoneyGram and Western Union are the world’s two largest providers that allow your recipient to pick up cash wherever they live in Montenegro.
    • Bank transfers. Bank transfers can be useful if you know you’ll be sending a lot of money and want it sent directly to your recipient’s bank account.
    • International checks. Safe but slow, you can always mail an international check to Montenegro.

    Case Study: Ivan Sends Money to Montenegro

    Ivan’s wife Karina stayed behind in Montenegro while Ivan moved to the US to work for six months. With the bills piling up at home, Ivan wants to send his wife $1,000 to help her with the family finances. Instead of taking the poor exchange rate offered by his bank, Ivan decides to compare two money transfer companies to see if a better deal might be available.

    Money transfer company 1Money transfer company 2
    Exchange rate1 USD = 0.936 EUR1 USD = 0.945 EUR
    Transfer fee$0$3
    Transfer methodOnline, phoneOnline
    Processing time2 days1 day
    Amount received (in EUR)936 EUR942 EUR

    As the comparison table above shows, while the first transfer company can save Ivan $3 in transfer fees, the better exchange rate offered by the second company allows him to send more euros and get it there more quickly.

    Banks versus money transfer companies

    Instead of sending funds through your bank, compare your options to see whether you can find a more affordable deal from a money transfer company, such as OFX or CurrencyFair. These providers trade high volumes of foreign currency and may be able to offer much better exchange rates than banks. They also charge lower fees, so finding the right transfer provider can save you money.

    Foreign exchange rates explained

    When you want to send money to another country, you’ll need to take into account the exchange rate you’re being offered by your provider. It can change daily and is influenced by a number of factors, including the global economy and inflation. Even though Montenegro isn’t a member of the EU, it still uses the euro as a currency. Since the euro yields more when you exchange it for US dollars, you can expect to be pay a little more than a dollar for each euro you need to send.

    Get live exchange rates for USD/EUR


    Emergency cash transfers to Montenegro

    When you need to get money to a friend or loved one in Montenegro as quickly as possible, an emergency cash transfer is the way to go. Some companies offer overseas transfers that can be completed within minutes. This may be extremely convenient, but make sure you’re aware of the cost. High transaction fees and lower exchange rates usually apply, so review the full cost of a transaction before you commit. If your recipient can wait even a day, you may be able to send more for less money with a normal money transfer.

    Tips for picking up cash in Montenegro

    Regardless of whether you’re in Montenegro or the US, it always pays to take a few simple safety precautions when picking up cash.

    • Only visit a transfer agent in a safe location.
    • Avoid high-crime areas and avoid displaying your cash in public.
    • Take a friend along with you to act as a deterrent to thieves.
    • Don’t carry the money around with you for any longer than is necessary.
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