Best way to send money to Slovenia | finder.com

How to send money to Slovenia

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Here’s how to find the best exchange rate and flexible transfer options when you need to send money to Slovenia.

Money transfers may seem like a complex or expensive process when you first look into them, but sending money between the US and Slovenia. You can get a good deal by comparing different features, including transfer fees and exchange rates. Between banks and online services, you have plenty of options that can help you quickly and easily make a money transfer to Slovenia.
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    Compare money transfer services to Slovenia

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    Min. Transfer Amount Transfer Speed Online Transfer Fee Rate Amount Received Description CTA Details
    $0 3 - 5 days USD 0.00 0.865 EUR 4,324 Transfer up to $500,000 with no minimums and no fees. Go to site Show details
    USD 1,000 1 day USD 0.00 0.864 EUR 4,322 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 0.864 EUR 4,319 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
    USD 1 3 - 5 days USD 50.00 0.872 EUR
    4,318
    Enjoy high maximum transfers into more than 20 currencies while saving up to 90% over local banks. Go to site Show details
    GBP 5,000 1 - 2 days USD 0.00 0.864 EUR 4,318 Get live quotes on exchange rates and take advantage of no transaction fees with no limits on transfers. Go to site Show details

    Compare up to 4 providers

    Banks vs. money transfer companies

    Banks may be useful for sending money transfers, especially when it’s between the US dollar and the euro, but they aren’t necessarily the best choice. That’s because banks charge higher fees and offer subpar exchange rates when comapred to other money transfer services.

    You may be able to save money by using the services of a dedicated money transfer company. These providers specialize in handling overseas money transfers, offering attractive exchange rates and affordable transfer fees. So when you’re looking to send money to Slovenia, it may be worth considering one of these bank alternatives.

    Sue Sends Money to Slovenia

    Sue wants to send $1,000 to her friend Michael in Slovenia to repay an old loan. She initially thought her bank might be a good choice, but the poor exchange rate and high fee aren’t appealing. Instead, Sue compares her bank’s exchange rates and fees with those offered by an online money transfer company.

    BankMoney transfer company
    Exchange rate1 USD = 0.81 EUR1 USD = O.86 EUR
    Fee$40$3
    Transfer methodWire transferOnline transfer
    Transfer time1 to 3 days1 to 3 days
    Amount received810 EUR860 EUR

    As the table shows, Sue can send more than an extra 50 euros by using the money transfer company. She can also save $37 in transfer fees, making a money transfer service the clear choice for her needs.

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

    • Bank transfers. Bank transfers tend to cost more than other options, but they are a secure way to send money to Slovenia.
    • Online money transfer providers. Money transfer providers offer fast and cost-effective ways to have money deposited directly into your recipient’s bank account.
    • Money transfer companies with cash pickup options. MoneyGram and Western Union are the world’s two largest providers that allow cash transfers, and both have agent locations in Slovenia.

    What are the steps to send money to Slovenia?

    Each provider will have its own unique system when you want to make a money transfer, but these are the basic steps you’ll need to know before you start your transfer.

    1. Compare your money transfer options.
    2. Click Go to site when you’ve found a provider that suits your needs.
    3. Create an account and supply your personal information.
    4. Start a transaction, then enter your recipient’s information.
    5. Select how much you want to send.
    6. Pay for your transfer and keep the tracking number safe.

    You can use your tracking number to keep tabs on the process.

    Foreign exchange rates explained

    Exchange rates are used to determine the value of one currency when it is converted to another currency. Strong currencies will yield more when exchanged for a weak currency, which means you’ll likely lose a little money when sending funds to Slovenia. This is because the euro is strong when compared to the dollar. The exchange rate as of September 2018 was around 0.86 EUR per 1 USD. This amount can change depending on interest rates and inflation, so it pays to keep an eye out if you plan on making multiple transfers to Slovenia.

    See today’s USD to EUR exchange rate


    Same-day transfers to Slovenia

    While you likely won’t be able to perform a same-day transfer with a bank, there are some money transfer companies that allow you to send money to Slovenia within a few hours. When you do, you’ll need to be prepared to spend more in fees. You’ll likely also get a poor exchange rate when compared to a normal transfer.

    Tips for picking up cash in Slovenia

    If your recipient is picking up cash at an agent location in Slovenia, offer these tips to help keep them safe from theft.

    • Avoid any areas where crime is known to be a problem.
    • Don’t flash your cash around in public.
    • Keep your wallet and/or bag safe and secure at all times.
    • Take a friend along to provide additional security and peace of mind.
    • Don’t carry large sums of money around for any longer than necessary.

    Bottom Line

    Sending money to Slovenia doesn’t have to be a big hassle. You can easily go through your bank, but if you want to get a good deal, a money transfer provider may be the way to go. No matter what you choose, take the time to familiarize yourself with the money transfer process so you can start making transfers confidently.

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