Send Money to Slovak Republic Effectively

Information verified correct on December 6th, 2016

Slovak

Hunting around for the best exchange rates and lowest fees can save you a lot of money when you need to send an international money transfer to Slovakia.

Slovakia, which is also commonly referred to as the Slovak Republic, boasts a spectacular natural landscape and a number of magnificent castles. A member of the European Union, Slovakia is a great place for Australian tourists to visit on any European adventure holiday.

If you ever need to send an international money transfer from Australia to Slovakia – maybe you need to help a cash-strapped relative buy a flight home, for example – there are plenty of companies who can offer quick and easy funds transfers. You just need to compare your options to find the transfer provider that offers the most cost-effective solution.

Compare Money Transfer Services

Rates last updated December 6th, 2016
Min. Transfer Amount Transfer Speed Services Online Transfer Fee Rate Amount Received
WorldRemit International Money Transfers
An online money transfer service ... with cash pickup, bank account to bank account and airtime transfers available.
USD 1 Within an hour
OnlineCash Transfer
Rates are always
changing, click to check
your price today
Go to site More
World First Foreign Exchange
Transfer money into a range ... of currencies online and over the phone.
USD 500 2 days
OnlinePhone
Rates are always
changing, click to check
your price today
Go to site More
Transferwise International Money Transfers
Make online transfers in a ... range of currencies and enjoy high maximum transfer amounts.
USD 1 1 day
Online
Rates are always
changing, click to check
your price today
Go to site More
HiFX International Money Transfers
Transfer money between 20 currencies ... and enjoy scheduled regular transfers. No fee for transfers over US $5,000.
USD 100 2 days
OnlinePhoneAgent
Rates are always
changing, click to check
your price today
Go to site More
Travelex International Money Transfers
Get your foreign currency delivered ... to your home or pick up at a store.
USD 500 2 days
Online
Rates are always
changing, click to check
your price today
Go to site More
Currencies Direct International Money Transfers
$0 online transfer fee that ... you can access 24/7.
USD 100 2 days
OnlinePhone
Rates are always
changing, click to check
your price today
Go to site More
USForex International Money Transfers
Take advantage of competitive exchange ... rates and cheap transfer fees.
USD 150 1 day
OnlinePhoneAgentInternational Money Order...
Rates are always
changing, click to check
your price today
Go to site More
MoneyGram International Money Transfers
Send money anywhere, from anywhere.
USD 1 Same day
OnlinePhoneAgent
Rates are always
changing, click to check
your price today
Go to site More
TorFX International Money Transfers
TorFX guarantee to beat any ... competitor's exchange rate for a transaction. Conditions apply
USD 100 1 day
OnlinePhoneAgent
Rates are always
changing, click to check
your price today
Go to site More
Western Union Money Transfers
Send money online to friends ... and family around the world with Western Union.
USD 1 Same day
OnlinePhoneAgent
Rates are always
changing, click to check
your price today
Go to site More

Have we missed anything in the comparison table? Tell us

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While you might think the best way to send an international money transfer is via your bank, the unfortunate truth is that banks offer some of the worst exchange rates you can find for international transactions. They usually charge high fees as well, which can result in a very bad deal for you.

But recent years have seen the emergence of a number of online money transfer companies. These providers, such as OFX and Currency Fair, specialise in handling international money transfers in a fast, convenient and affordable fashion. They typically offer far better exchange rates and charge lower fees than the banks, so they’re definitely worth considering when you need to send money to Slovakia.

Money transfer companies versus banks Sam's family – Case study

Although he’s moved to Australia permanently, Sam stays in regular contact with his parents in Bratislava. With their 30th wedding anniversary fast approaching, Sam wants to send his mum and dad a gift of $1,000. In an effort to get the best possible deal for his transfer, Sam compares the money transfer services of a ‘big four’ bank with those of a specialist money transfer provider.

BankMoney transfer company
Exchange rate1 AUD = 0.6035 EUR1 AUD = 0.6366 EUR
Transfer fee$25$10
Transfer methodWire transferOnline bank account transfer
Processing time1-3 days1-3 days
Amount received (in EUR)€603.50€630.22

As you can see, Sam can send more than an extra €26 using a money transfer provider instead of his bank, plus he can also save $15 on transfer fees.

How do I compare transfer companies when transferring and receiving money via Slovakia?

  • Exchange rates. Shopping around for the best available exchange rate is vital to ensure that you get the most affordable transfer deal. However, check to make sure that the company that offers the best exchange rates doesn’t also charge exorbitant fees.
  • Transaction fees. In most cases you’ll need to pay a fee each time you send a transfer, so do your research to find out how much that fee will be. Also check to see whether you can avoid paying a fee by transferring a large amount.
  • Transfer options. If you only need to send one-off transfers, there are plenty of providers you can help. However, there are other companies that offer a range of flexible transfer options that can save you time or money, such as the ability to place limit orders or schedule recurring payments.
  • Transfer methods. In addition to online transfers, some providers offer in-branch transfers, phone transfers and mobile app transfers.
  • Minimum and maximum transfer amounts. Check to see whether a company imposes a minimum or maximum transfer limit on each transaction. Such limits can be frustrating and restricting if they don’t meet your transfer needs.
  • Processing times. While some transactions can take several days to be completed, other companies can offer transfers within minutes if urgency is required.
  • Pickup options. Will the money you send be made available for cash pickup or simply deposited into your recipient’s bank account?
  • Customer service. Does the company offer phone, email and live chat support? Is there an online help centre with a range of frequently asked questions?
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How do I send money to Slovakia from Australia?

  • Money transfer providers. A wide range of specialist money transfer companies, including TorFX and CurrencyOnline, offer fast and affordable transfers.
  • Cash pickup transfer providers. Western Union and MoneyGram operate hundreds of thousands of cash pickup locations all over the world.
  • Bank transfers. Banks can send quick and easy transfers to Slovakia, but they certainly aren’t the cheapest transfer option available.
  • PayPal. You can use PayPal’s international money transfer service to transfer funds to Slovakia.
  • International cheques. A slower, more old-fashioned method is to mail an international cheque from your bank to your recipient.
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How do I receive money from Slovakia in Australia?

  • Money transfer providers. There are plenty of specialist money transfer providers to choose from so compare your options before picking one.
  • Cash pickup transfer providers. If you want fast access to cash, companies such as MoneyGram and Western Union offer a convenient service.
  • Bank transfers. Your Australian bank can receive transfers from Slovakian banks.
  • PayPal. PayPal customers in Australia are eligible to receive international money transfers.
  • International cheques. International guaranteed cheques are an old-school transfer method.
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Emergency cash transfers in Slovakia

If you ever need to get cash to Slovakia as quickly as possible, for example if you have a friend who needs cash urgently to settle a debt, be aware of the fact that emergency cash transfers usually cost more. Poor exchange rates and higher fees are the norm with these types of transactions, so make sure to check over all the details of your transfer before you hand over any money.

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Cash pickup locations in Slovakia/ Western Union / MoneyGram branches in Slovakia

Western Union and MoneyGram have multiple locations throughout Slovakia where your beneficiary can collect the cash you send. They’ll need to take along photo ID and a reference number to access the funds, while phoning ahead to confirm suitable funds are available for large transfers is also recommended. Some popular cash pickup locations are listed below:

Western UnionBratislavaBratislava
Address
Slovenska PostaNam. Snp 35Bratislava, 80200Bratislava 13Hodzovo Namestie 1Bratislava, Bratislava
Phone
+421-2-59393429+421-254416306
Opening hours
9am to 6pm Monday to Friday9am to 7pm Monday to Friday
Western UnionKosiceKosice
Address
Slovenska PostaPostova 8 Kosice, 040 01Slovenska PostaThurzova 1 Kosice, 040 02
Phone
+421-55-6171317+421-55-6813217
Opening hours
9am to 6pm Monday to Friday9am to 6pm Monday to Friday
MoneyGramBratislavaBratislava
Address
NAYObchodna 45BRATISLAVANAYMetodova 6Bratislava
Phone
850111444850111444
Opening hours
9am to 8pm seven days9am to 9pm seven days
MoneyGramKosiceKosice
Address
Agentura Vav SlovakiaKomenskeho 3Kosice, 04001NAYPri pracharni 6Kosice
Phone
948329955850111444
Opening hours
9am to 4pm Monday to Friday9am to 8pm seven days
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Tips for picking up cash in Slovakia

Although Slovakia is seen as a safe destination for tourists, it still makes sense to follow these simple safety tips when collecting cash:

  • Keep the cash concealed – don’t flash it around in public
  • Avoid high-crime areas or areas where you do not feel safe
  • Ask a friend to accompany you if possible
  • Don’t carry large sums of money around for any longer than you have to
  • Deposit the cash in your bank account straight away
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What are the steps to send money to Slovakia?

Although different companies have different procedures you must follow when sending a transfer, you will generally have to complete the following steps to send money to Slovakia:

  1. Register for an account. This is often free to do online and requires you to provide your contact details and proof of ID. Your bank account information will often also be required.
  2. Enter your transaction details. You will need to enter information about how much money you’re sending and in what currency, where you’re sending the funds to, and the name and contact details of your recipient.
  3. Confirm your transaction. The final step is to confirm and pay for your transfer, while you should also keep any transaction reference number you receive so that you can check up on the status of your transfer.
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US International Money Transfers Offers

Learn about our information service
WorldRemit International Money Transfers

An online money transfer service with cash pickup, bank account to bank account and airtime transfers available.

USForex International Money Transfers

Take advantage of competitive exchange rates and cheap transfer fees.

World First Foreign Exchange

Transfer money into a range of currencies online and over the phone.

Transferwise International Money Transfers

Make online transfers in a range of currencies and enjoy high maximum transfer amounts.

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