Best way to send money to Montenegro | finder.com

How to send money to Montenegro

We value our editorial independence, basing our comparison results, content and reviews on objective analysis without bias. But we may receive compensation when you click links on our site. Learn more about how we make money.

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

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.

World First Foreign Exchange

World First International Money Transfers

Most Convenient money transfers with excellent customer service. Send to 140+ currencies in 45 countries.

Special $0 fee offer for finder.com readers:
Because World First is a trusted partner of finder.com, you can send your money transfer overseas for free.

  • Enjoy competitive exchange rates.
  • Get even better exchange rates with forward contracts and limit orders.
  • Receive weekly updates on market exchange rates.

    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

    I want to send

    to

    Min. Transfer Amount Transfer Speed Online Transfer Fee Rate Amount Received Description CTA Details
    $0 3 - 5 days USD 0.00 0.864 EUR 4,321 Transfer up to $500,000 with no minimums and no fees. Go to site Show details
    USD 1,000 1 day USD 0.00 0.869 EUR 4,343 Exclusive offer: $0 transfer fee
    No-limit transfers with competitive exchange rates for 100+ currencies.
    Go to site Show details
    USD 1 Within an hour USD 3.99 0.867 EUR 4,331 Use promo code FINDER to send your first transfer at no fee to 110+ countries for bank-to-bank deposit, cash pickup or mobile top-up. Go to site Show details
    $8 1 - 2 days USD 5.00 0.866 EUR 4,326 Exchange money on your terms. Go to site Show details
    USD 1 3 - 5 days USD 50.00 0.875 EUR
    4,330
    Enjoy high maximum transfers into more than 20 currencies while saving up to 90% over local banks. 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.

    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. As of August 2018, this amount was about €0,88 for every $1.

    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.
    Back to top
    Was this content helpful to you? No  Yes

    Ask an Expert

    You are about to post a question on finder.com:

    • Do not enter personal information (eg. surname, phone number, bank details) as your question will be made public
    • finder.com is a financial comparison and information service, not a bank or product provider
    • We cannot provide you with personal advice or recommendations
    • Your answer might already be waiting – check previous questions below to see if yours has already been asked

    Finder only provides general advice and factual information, so consider your own circumstances, or seek advice before you decide to act on our content. By submitting a question, you're accepting our and .

    US International Money Transfers Offers

    Important Information*
    XE International Money Transfers

    With global payments provider XE, enjoy fast and secure transfers and a range of foreign currency tools and calculators, while benefiting from $0 transfer fees.

    WorldRemit International Money Transfers

    Use promo code FINDER to send your first transfer at no fee to 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 100+ currencies.

    TransferWise International Money Transfers

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

    Go to site