How to send money to Montenegro

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

When you need to get money to a loved one overseas, the last thing you want to have to deal with is navigating a potentially complicated and expensive process. Sending money from the United States to Montenegro doesn’t have to be expensive. Compare the transfer fees and exchange rates of the many options available to you to get the most euros for your dollar.

From bank transfers and online transactions to options that allow recipients to collect your funds within minutes, sending an international money transfer to Montenegro is easy. However, do your research and shop around for the best available deal.

WorldRemit International Money Transfers

WorldRemit International Money Transfers

Send money to 110+ countries for bank deposit, instant e-wallet, mobile top-up or cash pickup at 30,000+ agent locations worldwide.

Your first transfer is free with the code FREE.

  • Low upfront fees and exchange rates.
  • Easy to use with round-the-clock help.
  • Get cash to family and friends in minutes.

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    Ofx Logo

    Save money on your personal or business international money transfer today. Fill in the form and you’ll be contacted by a foreign exchange expert to have an obligation-free discussion about your options.

    With over 17 years of foreign exchange expertise and over $100 billion transferred, OFX can help with all your currency exchange needs, including:

    • Buying property abroad
    • Emigrating
    • Regular overseas payments
    • Risk management
    • Forecasting

    Min. Transfer Amount Transfer Speed Online Transfer Fee Rate Services Amount Received Description CTA Details
    WorldRemit International Money Transfers
    USD 1 Within an hour USD 2.99 0.866 Online, Bank Account to Bank Account, Cash Transfer EUR 4,325 Use promo code FREE to send your first transfer for no fee, to over 110 countries for bank-to-bank deposit, cash pickup or mobile top-up. Go to site View details
    World First Foreign Exchange
    USD 1,000 1 day USD 0.00 0.866 Online EUR 4,329 Exclusive offer: $0 transfer fee
    No-limit transfers with competitive exchange rates for more than 100 currencies.
    Go to site View details
    TransferWise International Money Transfers
    USD 1 1 day USD 50.00 0.878 Online EUR
    4,348
    Enjoy high maximum transfers into more than 20 currencies while saving up to 90% over local banks. Go to site View details
    OFX International Money Transfers
    USD 150 1 day USD 0.00 0.875 Online, Bank Account to Bank Account EUR 4,374 Send safe, no-limit transfers with no fees and competitive exchange rates. Go to site View details
    HiFX International Money Transfers
    USD 100 2 days USD 5.00 0.874 Online EUR 4,368 Transfer money into 20 currencies and schedule regular payments. $5 fee waived for transfers over $5,000. Go to site View details
    Do you send money often? Track this rate with tailored alerts direct to your inbox

    Compare up to 4 providers

    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 can therefore offer much better exchange rates than banks. They also charge lower fees, so doing a quick comparison between transfer providers can save you a whole lot of cash.

    Case Study: Ivan Sends Money to Montenegro
    Ivan’s wife Karina stayed behind in Montenegro while Ivan was transferred to the U.S. to work for six months. With the bills piling up at home, Ivan wants to send his wife $1,000 to help her take charge of 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.

    As the comparison table below 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.

    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
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    How do I compare transfer companies when sending money to Montenegro?

    • Exchange rates. Check the company’s website to see what exchange rates they offer. How do those rates compare to the provider’s competitors?
    • Transfer fees. Make sure you’re aware of all the hidden fees and charges that apply when you send a transfer. Fees vary from provider to provider, so comparing your options is essential.
    • Transfer methods. Some companies offer online or in-branch transfers only, while others also provide over-the-phone and mobile app transfers.
    • Transfer options. Can you lock in an ideal exchange rate now and transfer the money later, known as a forward contract? Does the institution offer limit orders, which allows you to take advantage of changing market conditions by executing the money transfer when a certain exchange rate is met? Can you schedule recurring payments?
    • Minimum and maximum limits. If there are limits on the amount the company allows you to send per transaction, will those limits hinder your transfer plans?
    • Processing times. How long will it take until your beneficiary can access the money you send?
    • Pickup options. While some companies provide online bank account transfers, others offer transfers with a cash pickup option.
    • Customer service. Check out the company’s reputation when it comes to delivering prompt and helpful customer service. If you ever need assistance with a transaction, will you be able to quickly access the help you want?
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    Foreign exchange rates explained
    The exchange rate determines how much one country’s currency is worth in another currency. When a country’s currency is strong, it will yield more money when exchanging it in a country with a weak currency. For example, in December 2016, the U.S dollar was worth approximately 19 Mexican pesos. However, most countries’ exchange rates are flexible, which means it can change from moment to moment. Factors that influence the exchange rate include interest rates, economic stability and inflation.

    What are my options for sending money to Montenegro from the U.S.?

    • 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 of this service.
    • Bank transfers. Compare the cost of sending the transfer via your bank with using a transfer provider.
    • International checks. A safe but slow option is to mail an international check to Montenegro.
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    Emergency cash transfers in 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, which is extremely convenient, but make sure you’re aware that these types of transfers will cost you more. High transaction fees and lower exchange rates usually apply, so review the full cost of a transaction before you commit.
    Find a money transfer location near you

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    What are the steps to send money to Montenegro?

    Although the transfer process varies from one provider to the next, you will usually have to:

    1. Sign up for an account. This is free to do online when you provide your full name, proof of ID and contact details.
    2. Enter your transaction information. The second step is to provide full details of the transaction you are planning. This includes the amount you’re sending, where you’re sending it to and in which currency.
    3. Finalize your transaction. Look over the details of your transaction, and if you’re happy with the exchange rate and fee you will receive, pay for your transfer. Most providers also offer an online tracking service so you can check when your transfer has been completed.
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    Tips for picking up cash in Montenegro

    Regardless of whether you’re in Montenegro or the U.S., 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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    US International Money Transfers Offers

    Learn about our information service
    HiFX International Money Transfers

    Transfer money into 20 currencies and schedule regular payments. $5 fee waived for transfers over $5,000.

    WorldRemit International Money Transfers

    Use promo code FREE to send your first transfer for no fee, to over 110 countries for bank-to-bank deposit, cash pickup or mobile top-up.

    World First Foreign Exchange

    Exclusive offer: $0 transfer fee
    No-limit transfers with competitive exchange rates for more than 100 currencies.

    TransferWise International Money Transfers

    Enjoy high maximum transfers into more than 20 currencies while saving up to 90% over local banks.

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