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London is home to almost 2,500 Croatians, one of the smallest foreign communities in the city, some of which settled thirty years ago, while others arrived recently as students or au pairs.
The Croatian economy is one of the most developed in southeast Europe, making it an attractive business partner for the UK. UK exports are worth over £16Bn, only expected to grow as central and eastern Europe continues its GDP growth of 4-5% per annum.
Maggie lives in Doncaster with her husband and three children. Her parents have just retired and decided to buy a house on the Dalmatian coast. Maggie would like to share the cost of a new refrigerator with her old sister still based in Croatia. After some research, she’s come upon two of the following service providers.
|Money transfer 1||Money transfer 2|
|Exchange rate||£1 = 8.43 HRK||£1 = 8.39 HRK|
|Amount received for £500||4,215HRK||4,195 HRK|
|Transfer time||1 to 2 working days||1 to 3 working days|
|Transfer options||Bank deposit||Online transfer, on the phone|
Money Transfer Service 2 offers a lower exchange rate and charges a higher transfer fee, but without the benefit of quicker delivery.Back to top
Thanks to cordial relations between the UK and Croatia, there are several ways to send money between the two countries. Here are a few to consider:
In the same way that recipients in Croatia can access their deposits quickly and easily, sending money from Croatia to the UK is facilitated by several banks and online transfer services. If your priority is speedy delivery, your best bet would be an online transfer service like MoneyGram or Western Union. These services deliver within minutes and recipients can collect their money at a number of agencies or pick-up points.
If you find yourself in an emergency while in Croatia, there are a few ways to have money sent to where you are.
The Department of Foreign Affairs and Trade advises a normal degree of caution while in Croatia. While crime is relatively low, you should still be vigilant while travelling, especially if you’re collecting money from a pick-up point. Be sure to get there during opening hours and try to take someone along.Back to top
Depending on the transfer service you choose, you’ll be asked to supply certain personal and financial details. Some online services require that you open an account before effecting a transfer.
You’ll be asked to be supply the following:
Once the transfer has been completed, you’ll receive a tracking number to use as reference when making enquiries.
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