Travel Money Guide to Serbia - Travel Cards | finder.com.au

Travel money guide: Serbia

A guide on using your money in Serbia

Serbia is home to mountains, monasteries, vampires (well, maybe), raspberries and an edgy nightlife scene. This Balkan nation is a growing destination for tourists, but remember your cash. Serbians rely on cash, more so than other countries in Western Europe. Visa and Mastercard credit cards are accepted by merchants and at ATMs. And you’ll find banking services in Belgrade and other large cities are modern and safe — however, you may have problems using your cards for purchases and ATMs outside the big cities.

You’ll get a lot for your US dollar against the Serbian dinar (RSD). To help you get the most from your travel, we compare products you can use to spend in RSD without paying international transaction fees.

Which option is right for your next trip?

Compare travel cards for Serbia

Rates last updated April 23rd, 2018
Name Product Foreign Currency Conversion Fee Overseas ATM Withdrawal Fee Overseas Cash Advance Fee Annual fee Product Description
Barclaycard Arrival Plus® World Elite Mastercard®
0% of transaction value
$0
$10 or 5% of the transaction, whichever is greater
$0 annual fee for the first year ($89 thereafter)
Enjoy 40000
bonus miles after you spend on purchases in the first 90 days — that's enough to redeem for a $400 travel statement credit toward an eligible travel purchase.
Simmons Bank Visa® Platinum
2%
of transaction value
$0
The Simmons Bank Visa® Platinum Card offers multiple perks, including one of the lowest available APRs on the market.
Chase Sapphire Preferred® credit card
0% of transaction value
$0 annual fee for the first year ($95 thereafter)
Earn 2X points on travel and dining at restaurants.
BankAmericard Travel Rewards® Credit Card
0% of transaction value
$0
Ditch the restrictions of typical airline rewards cards. Any airline, any hotel, anytime. No blackout dates.

Compare up to 4 providers

Promoted
Travelex Money Card

Why we like: Travelex Money Card

Load GBP, EUR, CAD, AUD, JPY or MXN onto this prepaid travel money card and use it at millions of locations worldwide.

  • Not linked to your bank account for safety.
  • Convert currency with a 5.50% Foreign Exchange Fee
  • Contactless payments
  • Reload, withdraw, or replace your card for free.

    How much dinars do I need to bring to Serbia?

    Travel to Serbia and the Balkans is cheaper than most countries in Western Europe. Budget travelers can find food, entertainment and a dorm bed for under $15 a day. Mid-range travelers can travel for under $30 a day, and luxury travelers can live it up for under $80 a day.

    BelgradeBudget Mid-range Expensive
    to-sleepHostel dorm bed:
    $4–$10 per night
    3 star hotel:
    $10 per night
    5 star hotel:
    $20–$50 per night
    to-eatLunch at a small Serbian grill:
    $3–$6 per item
    Lunch at a pizza & pasta restaurant in the city:
    $5–$10 per dish
    Fine dining. 5 star restaurant:
    $15–$20 per main
    to-seeDowntown Belgrade walking tour:
    Free
    Section 1 seats for the opera at the Serbian National Theatre, Belgrade:
    $15
    Private guided food tour:
    $150 per person

    *Prices are approximate and are subject to change.

    Exchange rate history

    The USD has grown significantly against the RSD in the past 10 years. Watch the forex markets and determine a good time to buy dinars and lock in a favorable rate with traveler’s checks.

    US dollar to the Serbian dinars for the last 10 years

    Apr 2008 Apr 2009 Apr 2010 Apr 2011 Apr 2012 Apr 2013 Apr 2014 Apr 2015 Apr 2016 Apr 2017
    1 USD = 51.7210 Inverse: 0.0193 72.4318 Inverse: 0.0138 74.7082 Inverse: 0.0134 69.1458 Inverse: 0.0145 84.5511 Inverse: 0.0118 85.3722 Inverse: 0.0117 83.6730 Inverse: 0.0120 111.7455 Inverse: 0.0089 108.7488 Inverse: 0.0092 115.2813 Inverse: 0.0087

    US dollar to the Serbian dinars for the last 10 months

    Jun 2017 Jul 2017 Aug 2017 Sep 2017 Oct 2017 Nov 2017 Dec 2017 Jan 2018 Feb 2018 Mar 2018
    1 USD = 109.0266 Inverse: 0.0092 103.1250 Inverse: 0.0097 101.5250 Inverse: 0.0098 99.7625 Inverse: 0.0100 101.4250 Inverse: 0.0099 100.7050 Inverse: 0.0099 100.0084 Inverse: 0.0100 95.8100 Inverse: 0.0104 95.8950 Inverse: 0.0104 95.5295 Inverse: 0.0105

    How to send money to Serbia

    Travel card, debit card or credit card?

    Most major credit cards are accepted at merchants in major cities like Belgrade. And you’ll easily find ATMs that support both credit card debit cards. However, once you leave the big cities be sure you have cash on hand. You won’t always find vendors that take credit.

    Wait until you arrive in Serbia to exchange your USD. Exchange companies in the US charge high commission, taking a cut of what could go a long way in Serbia. You’ll find exchanges at the airport and in the cities or in banks — all offering about the same rate.

    There are no travel cards that support Serbian dinars. If you’re traveling though Europe using your travel card, be sure to find one that waives the currency conversion fee when you spend in dinars.

    A quick summary of travel money options for Serbia

    Travel money optionProsCons
    Prepaid travel money cards
    • Lock in exchange rates
    • Convenience to spend money overseas
    • Additional cards available
    • Doesn’t hold Serbian dinars
    • Comes with lots of fees for loading and reloading, inactivity and ATM withdrawals
    • Exchange rates are lower than credit cards and debit cards
    Debit cards
    • Can be used at ATMs and over the counter
    • Waived currency conversion fees for purchases
    • Waived overseas ATM withdrawal fees
    • No access to cash advance
    Credit cards
    • Rewards program and travel insurance
    • Waived international ATM and conversion fees
    • Interest-free days on purchases
     

    • Fees and interest for cash withdrawal
    Traveler’s checks
    • Accepted at most banks
    • Security
    • Fees for purchasing and cashing
    • Hard to find merchants that accept them
    Cash
    • Accepted anywhere
    • Convenient
    • More difficult to manage expenses
    • High risk of theft

    How cards, checks and cash work in Serbia

    Travel prepaid cards

    No travel cards support Serbian dinar, so look for a card which waives the currency conversion fee, such as Travelex if you’re set on taking a travel card. It won’t apply the additional charge for currency conversion when you spend in dinar, which can be higher than what you’d pay if you use your regular debit or credit card. The compromise is it charges you to use an international ATM withdrawal in Serbia, which is a couple of dollars for each withdrawal. You can load these cards with euros to use at some merchants— but don’t count on it. And you won’t get the best exchange rate. The benefit of a prepaid card is that they let you lock in the exchange rate when you load your funds, however they often don’t charge as competitive exchange rates as credit cards and debit cards.

    • Tip: When you get a travel card, you’ll get two for the same account. This comes in handy if your first card is lost or stolen, so make sure to keep the second card in a safe place.

    Debit cards

    A travel debit card lets you spend your own money through ATM withdrawals and making purchases anywhere Visa or Mastercard are accepted. You can use a debit card over the counter and to withdraw money from ATM. Because you’re spending your own money, you avoid interest charges you’d pay with credit cards. The Citibank Plus waives the fee for international ATM withdrawals and doesn’t charge a monthly account keeping fee.

    • Tip: Serbs have been able to make contactless payments for years. So, if your card is a CHIP card, you can tap and go at most merchants.

    Credit cards

    Travel credit cards give you a line of credit to use for emergencies, large purchases or over the counter transactions. Find yourself a credit card that waives foreign transaction fees. Carrying a credit card gives you the added benefit of travel insurance and discounts, depending on your provider. For added savings, take advantage of the interest-free period by paying your balance in full each month.

    Cards that offer travel perks and waive fees often charge an annual fee, so make sure the fee is worth it before you bring it along on your travels. If you’re ever in a jam, credit cards also offer the ease of cash advances, though we don’t recommend it. You’ll pay high fees and interest rates apply the moment you get your money.

    Traveler’s checks

    If you bring traveler’s checks, you can cash American Express and Visa issued checks at most banks. Though, don’t try to use them in store as they won’t accept them. Traveler’s checks have been replaced by credit cards and travel cards.

    Using cash

    Once you arrive in Serbia, look for a bank or exchange office to exchange your dollars for dinar. There are also money exchange machines that are open 24 hours a day. They take eros, sounds and US dollars and exchange up to $200 at a time. Though travel, debit and credit cards are accepted in the cities you’ll likely need cash if you’re shopping at smaller vendors or markets. You will need dinars in Serbia; petrol stations near the borders may take euros at an unfavourable exchange rate.

    • Tip: Avoid carrying large amounts of cash, as tourists are often the target of criminals, especially in big cities.
    • ATMs are common throughout the cities, though availability can be a problem in villages. The local post office may be able to give you a cash advance if you find yourself in an area lacking ATM and banking facilities. Bank ATMs do not charge a local ATM operator fee.

    A guide to the Serbian dinar banknotes

    The official currency in Serbia is the Serbian Dinar RSD and comes in denominations of 10, 20, 50, 100, 200, 500, 1000 and 5000 dinars, each a different color. Be sure to pay the right amount when you make your purchases, and always count your change. Familiarize yourself with what the currency looks like and how it works will avoid confusion when handling your money.

    serbian-banknotes


    Victor and Salome's travel tips to Serbia

    Victor and Salome went to Serbia’s famous EXIT electronic music festival in the Petrovaradin Fortress, Novi Sad, near Belgrade. They’d just come from Hungary and the festival was only a short stop on a longer trip through Europe. They arrived in Belgrade and took a train to Novi Sad. We interviewed them to see what experiences they had using travel money while in Serbia.

    What card did you take with you?

    Victor says he had his BankAmericard Travel Rewards card and Barclaycard Arrival Plus

    Salome says she took the Citibank Plus Debit Card and the Simmons Bank Visa

    Why did you take these cards?

    Victor paid for their flights using his Barclaycard Arrival Plus card to take advantage of the double reward points on travel purchases in addition to travel accident and trip cancellation insurance. Salome was also covered by the insurance because they are married and are traveling together. The Simmons Bank Visa is what Salome uses in the US for her day-to-day transactions and pays it in full each month. She likes it for her travel because she doesn’t pay any foreign transaction fees, and no annual fee.

    Where could you use your cards?

    Victor didn’t have any trouble using his credit card when he needed it. He took Salome out to dinner in Belgrade when they arrived and bought some supplies for the festival. They visited Kalemegdan Park to see Belgrade Fortress — Salome says there were lots of stalls selling souvenirs and they only accepted cash.

    What about ATM withdrawals?

    Salome didn’t pay ATM fees when she made a withdrawal from a bank ATMs. She used a Banca Intesa ATM in Belgrade that didn’t charge any withdrawal fees. Her Citi didn’t charge her for currency conversion or an international ATM fee either.

    What’s your travel money recommendation?

    The couple says it’s hard to look further than the Barclaycard Arrival Plus card if you’re conscious about saving money on overseas bank fees.

    Do you have any tips?

    Have a look at the Belgrade Pass. It gives you discounts on admission to museums, discounts on dinner at selected restaurants, hotels, hostels, car rental and a comprehensive city guide for $15, says Victor. Salome adds that you should always tell your bank when you’re leaving the country, otherwise they may block your cards if they see an overseas transaction.

    Buying dinars in the US

    Your options are limited if you want to purchase dinars in the US — wait until you arrive in Serbia. Because dinar is considered exotic currency, they can be hard to find in the US, and the rates and commission is higher than in Serbia.

    Compare travel insurance for your next trip to Serbia

    Details Features
    Seven Corners Trip Protection Insurance
    Seven Corners Trip Protection Insurance
    Travel with a smile - protect your trip cost, your medical expenses, & your belongings.
    • Emergency Accident & Sickness Medical Expenses up to $250,000
    • Trip Cancellation – 100% of Trip Cost
    • Trip Interruption – up to 150% of Trip Cost
    • Political Evacuation - $20,000
    • Lost, Stolen or Damaged Baggage – up to $2,500
    • Emergency Medical Evacuation – up to $1 million
    Go to site More info
    Travelex Travel Max
    Travelex Travel Max
    TravelEx's most comprehensive protection plan for the comprehensive traveler. Offers optional Cancel For Any Reason upgrade.
    • Trip Cancellation - 100% of Insured Trip Cost
    • Trip Interruption - 150% of Insured Trip Cost
    • Trip Delay - $1000
    • Medical Expense Benefits - $100,000
    Go to site More info
    RoamRight Travel Insurance Essential
    RoamRight Travel Insurance Essential
    RoamRight’s Essential travel insurance package can be broken down into three critical parts: Trip Cancellation insurance, tourist health insurance, and baggage insurance.
    • Cancellation Cover - 100% Cost of Trip
    • Emergency Medical Expenses - $15,000
    • Emergency Evacuation and Repatriation - $150,000
    • Baggage and Personal Effects Cover - $750
    Go to site More info
    STA Travel Standard International
    STA Travel Standard International
    Get affordable cover for the essentials of options with STA's mid-level cover policy. This option will still provide up to $1500 in luggage cover and up to $100,000 in medical cover.
    • Trip Cancellation Cover - 100% of trip cost insured up to $10,000
    • Emergency Medical Expenses Cover - Up to $100,000
    • Baggage and Personal Effects - Up to $1,500
    • Trip Delay - Up to $500
    Go to site More info
    RoamRight Travel Insurance Preferred
    RoamRight Travel Insurance Preferred
    As the name implies, the Preferred package provides coverage for most trips and vacations.
    • Cancellation Cover - 100% Cost of Trip
    • Emergency Accident & Medical Expenses - $50,000
    • Emergency Evacuation and Repatriation - $500,000
    • Accidental Death and Dismemberment - $10,000
    Go to site More info
    Travelex Cancel for Any Reason
    Travelex Cancel for Any Reason
    Cancel For Any reason upgrade available with the Travel Max plan. Cancel for any reason - no questions asked.
    • Reimburses up to 75% of the insured trip cost
    • 100% cover if delayed to departure and loose at least 30%
    Go to site More info
    Atlas Travel
    Atlas Travel
    Provides customizable coverage for specific losses. Cover can be tailored to provide a balance between the basic essentials and premium cover.
    • Illness and Injury Cover - Up to $1 million
    • Emergency Medical Evacuation - Up to $1 million
    • Lost Checked Luggage - Up to $500
    • Travel Delay - $100/day up to 2 days
    Go to site More info
    Atlas Premium
    Atlas Premium
    Provides quality cover for a range of benefits with higher cover limits. Premium plan is perfect for travellers with health concerns looking for total protective cover.
    • Illness and Injury Cover - Up to $2 million
    • Emergency Medical Evacuation - Up to $1 million
    • Lost Checked Luggage - Up to $1,000
    • Travel Delay - $200/day up to 2 days
    Go to site More info
    Travelex Flight Insure Plus
    Travelex Flight Insure Plus
    Provides option to choose between different levels of flight insurance protection.
    • Flight Accident AD&D - Up to $1 Million
    • Baggage - $2,000
    • Medical Expense Benefits - $2,500
    • Medical Evacuation / Repatriation - $25,000
    Go to site More info
    STA Travel Explorer Plus
    STA Travel Explorer Plus
    Get premiere cover for a whole range of options with STA's premium policy. This option will still provide up to $100,000 in medical expense cover and up to $3,000 in cancellation cover.
    • Trip Cancellation Cover - $3,000
    • Emergency Medical Expenses Cover - Up to $100,000
    • Baggage and Personal Effects - Up to $2,500
    • Trip Delay - Up to $1,000
    Go to site More info
    Allianz Domestic Travel Insurance
    Allianz Domestic Travel Insurance
    Allianz Domestic Travel Insurance makes sure you are covered incase your planned trip unexpectedly goes awry.
    • Trip coverage - Depends on plan
    • Baggage coverage - Up to $1,000
    • 24-hour hotline assistance
    • Existing medical coverage - Up to $500,000
    Go to site More info
    Allianz International Travel Insurance
    Allianz International Travel Insurance
    If you frequently travel abroad and want extra coverage in case you get sick, injured, or need to cancel your trip, Allianz International Travel Insurance is the perfect solution.
    • Trip coverage - Depends on plan
    • Baggage coverage - Up to $1,000
    • 24-hour hotline assistance
    • Existing medical coverage - Up to $1,000,000
    Go to site More info

    Find out more about international travel insurance

    Choose a combination of travel money options

    Pick a variety of ways to access and spend your money while you’re in Serbia so that you have options. A credit card is a convenient line of credit you can use on your vacation, while a debit or prepaid travel card is a good option when you want to make ATM withdrawals.

    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 Terms and Conditions and Privacy Policy.
    Go to site