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Looking for the best way to send money from the United States to family, friends or businesses in Slovakia (or even to your own overseas bank account)?
Don't head straight to your American bank – compare specialist money transfer services instead. They nearly always offer better EUR exchange rates and lower fees, so for the same amount of US dollars you send, your recipient will receive more euros.
Of the companies we've compared, MoneyGram is among the cheapest, with competitive exchange rates and fees starting from From $0. Need a really fast transfer? MoneyGram can get money to your recipient in Slovakia within minutes.
Bank transfers are typically the cheapest way to get your money to Slovakia. MoneyGram and Wise (TransferWise) have some of the lowest bank transfer fees of the brands we've compared.When you're hunting down the cheapest ways to send money to Slovakia, it's more important to look at the overall cost of your transfer. This has a couple of elements:
Some providers may charge the mid-market rate but add fees on top. Others may have very low fees but apply a markup on the exchange rate. This means it is important to compare exactly how many euros your recipient will end up with.
Many online providers can offer transfers to Slovakia within minutes, although you're likely to pay a premium for the convenience.Here are some of the fastest average transfer speeds to Slovakia:
Actual transfer times from the United States to Slovakia can depend on several different factors including transfer amount, payment method and currency.
The safest way to get your money to Slovakia is to use a provider registered with the United States's industry regulator, the Consumer Financial Protection Bureau. All of the companies we've compared in our table are overseen by a local regulator and comply with the relevant laws and regulations in both the United States and Slovakia.
A great way to dive deeper is by reading our extended reviews of each transfer service and researching first-hand customer feedback on Trustpilot and similar platforms.
If you need to make a sizable money transfer to Slovakia, consider using a provider such as Currencies Direct or OFX to benefit from its expertise in handling larger transfer amounts.Using a large transfer specialist can have the following advantages:
To send money to Slovakia, you'll need the necessary documentation, your recipient's details and a way to pay.
Matej is working in the United States as a software engineer and he stays in regular contact with his elderly parents back home in Slovakia. His parents need some funds to help pay off a mortgage, so Matej plans to send them $2,000 from the United States.
He decides to compare a bank and a money transfer specialist to see which one can save the most money on his transaction.
|Bank||Money transfer company|
|Exchange rate||1 USD = 0.91 EUR||1 USD = 0.92 EUR|
|Transfer method||Bank account deposit||Bank account deposit|
|Processing time||2 - 5 working days||Next day|
|Amount received||1,801.56 EUR||1,832.29 EUR|
The money transfer company enables Matej to send an extra €30.73, which is transferred straight to his parents' Slovenska Sporitelna account.
When choosing a money transfer provider to send money from the United States to Slovakia, it's important to consider the cost, how you want your recipient to receive the funds and the turnaround time. Here are other features to review:
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My fiance is currently in Slovakia (where she’s from) and I need to transfer money from my United States account directly to her. I installed the Transferwise app and the option to send to Slovakia is not there. Does this mean I cannot utilize the app for money transfers?
Please let me know.
Thanks for getting in touch with Finder. I’m sorry to hear about the trouble you are having.
Upon checking, Transferwise allows you to send money to Slovakia, but it only allows you to do so in Euro currency. For this reason, you can still carry on with your money transfer by using your recipient’s account information. Simply choose Europe instead of Slovakia.
If this still won’t work, you can also directly get in touch with Transferwise to obtain a more personalised answer.
I hope this helps. Should you have further questions, please don’t hesitate to reach us out again.
Have a wonderful day!