Send money to Montenegro

Montenegro

Find out how you can save money and enjoy fast transfers when you send money to Mongolia from the UK.

When you need to get money to a loved one overseas, the last thing you want to have to deal with is navigating a potentially complicated and expensive process. Sending money from the United Kingdom to Montenegro doesn’t have to be expensive. Compare the transfer fees and exchange rates of the many options available to you to get the most euros for your pounds.From bank transfers and online transactions to options that allow recipients to collect your funds within minutes, sending an international money transfer to Montenegro is easy. However, do your research and shop around for the best available deal.

Send money to Montenegro with Azimo

  • Make the first THREE transfers for free using code AZ-FIND
  • Send money to bank accounts, phones or cash pick-up locations
  • Most transfers take less than a day
  • Send money to 195 countries in 60 different currencies
Promoted

Compare money transfer services

I want to send

to

Min. Transfer Amount Transfer Speed Online Transfer Fee Rate Amount Received Description CTA Details
GBP 1 2 days - - Transfer money at the mid-market rate with no nasty surprises and excellent customer support. Go to site Show details
GBP 3,000 1 day GBP 0.00 1.126 EUR
11,265
Make an informed decision with a personal touch, whether it's a business or personal transfer, with rate alerts, charts and live rates to help you make your choice. Go to site Show details
GBP 2,500 1 day GBP 0.00 1.128 EUR
11,276
TorFX guarantee to beat any competitor's exchange rate for a transaction (conditions apply)
(Conditions apply)
Go to site Show details
GBP 2,500 1 day GBP 0.00 1.125 EUR
11,254
Make transferring money abroad as simple and safe as possible with bank-beating exchange rates - online, via the app or over the phone. Go to site Show details
GBP 50 Same day GBP 1.00 1.089 EUR
10,889
Instant or 1 hour transfers to over 50 countries, send money directly to bank accounts or over 280,000 cash pickup points. Go to site Show details
GBP 2,000 1 day GBP 0.00 1.125 EUR
11,252
Outstanding exchange rates, same day currency payments and zero transaction fees. Book a transaction online or speak to one of Universal Partners FX's dedicated currency specialists. Setting up an account is quick, easy and simple. Go to site Show details
GBP 1,000 1 - 2 days GBP 0.00 1.125 EUR
11,254
Fast, fee-free transfers and great exchange rates. Book transfers over the phone through a dedicated dealing team or by using Virgin Money’s 24/7 online platform. Go to site Show details
GBP 50 2 days GBP 2.99 1.125 EUR
11,250
Send money online anytime, anywhere, with a simple to use platform and transparent fees and exchange rates shown upfront. Go to site Show details

Compare up to 4 providers

Compare all international money transfer providers

Banks versus money transfer companies

Instead of sending funds through your bank, compare your options to see whether you can find a more affordable deal from a money transfer company, such as OFX or CurrencyFair. These providers trade high volumes of foreign currency and can therefore offer much better exchange rates than banks. They also charge lower fees, so doing a quick comparison between transfer providers can save you a whole lot of cash.

Case Study: Ivan Sends Money to Montenegro

Ivan’s wife Karina stayed behind in Montenegro while Ivan was transferred to Swansea to work for six months. With the bills piling up at home, Ivan wants to send his wife £1,000 to help her take charge of the family finances. Instead of taking the poor exchange rate offered by his bank, Ivan decides to compare two money transfer companies to see if a better deal might be available.

As the comparison table below shows, while the first transfer company can save Ivan £3 in transfer fees, the better exchange rate offered by the second company allows him to send more euros and get it there more quickly.

UK bank Money transfer service
Exchange rate £1 = €1.2445 £1 = €1.3061
Transfer fee £12 £15
Amount received for £500 €622.25 €653.05
Transfer time 1-12 days One day
Transfer options Bank account Bank account
Difference of €30.08
Back to top

How do I compare transfer companies when sending money to Montenegro?

  • Exchange rates. Check the company’s website to see what exchange rates they offer. How do those rates compare to the provider’s competitors?
  • Transfer fees. Make sure you’re aware of all the hidden fees and charges that apply when you send a transfer. Fees vary from provider to provider, so comparing your options is essential.
  • Transfer methods. Some companies offer online or in-branch transfers only, while others also provide over-the-phone and mobile app transfers.
  • Transfer options. Can you lock in an ideal exchange rate now and transfer the money later, known as a forward contract? Does the institution offer limit orders, which allows you to take advantage of changing market conditions by executing the money transfer when a certain exchange rate is met? Can you schedule recurring payments?
  • Minimum and maximum limits. If there are limits on the amount the company allows you to send per transaction, will those limits hinder your transfer plans?
  • Processing times. How long will it take until your beneficiary can access the money you send?
  • Pickup options. While some companies provide online bank account transfers, others offer transfers with a cash pickup option.
  • Customer service. Check out the company’s reputation when it comes to delivering prompt and helpful customer service. If you ever need assistance with a transaction, will you be able to quickly access the help you want?
Back to top

Foreign exchange rates explained

The exchange rate determines how much one country’s currency is worth in another currency. When a country’s currency is strong, it will yield more money when exchanging it in a country with a weak currency. For example, in December 2016, the pound was worth approximately 26 Mexican pesos. However, most countries’ exchange rates are flexible, which means it can change from moment to moment. Factors that influence the exchange rate include interest rates, economic stability and inflation.

What are my options for sending money to Montenegro from the UK?

  • Specialist transfer providers. Companies such as OFX and CurrencyFair offer fast and affordable overseas transfers.
  • Cash pickup transfer companies. MoneyGram and Western Union are the world’s two largest providers of this service.
  • Bank transfers. Compare the cost of sending the transfer via your bank with using a transfer provider.
  • International checks. A safe but slow option is to mail an international check to Montenegro.
Back to top

Emergency cash transfers in Montenegro

When you need to get money to a friend or loved one in Montenegro as quickly as possible, an emergency cash transfer is the way to go. Some companies offer overseas transfers that can be completed within minutes, which is extremely convenient, but make sure you’re aware that these types of transfers will cost you more. High transaction fees and lower exchange rates usually apply, so review the full cost of a transaction before you commit.
Find a money transfer location near you

Back to top

What are the steps to send money to Montenegro?

Although the transfer process varies from one provider to the next, you will usually have to:

  1. Sign up for an account. This is free to do online when you provide your full name, proof of ID and contact details.
  2. Enter your transaction information. The second step is to provide full details of the transaction you are planning. This includes the amount you’re sending, where you’re sending it to and in which currency.
  3. Finalise your transaction. Look over the details of your transaction, and if you’re happy with the exchange rate and fee you will receive, pay for your transfer. Most providers also offer an online tracking service so you can check when your transfer has been completed.
Back to top

Tips for picking up cash in Montenegro

Regardless of whether you’re in Montenegro or the UK, it always pays to take a few simple safety precautions when picking up cash:

  • Only visit a transfer agent in a safe location.
  • Avoid high-crime areas and avoid displaying your cash in public.
  • Take a friend along with you to act as a deterrent to thieves.
  • Don’t carry the money around with you for any longer than is necessary.
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.com provides guides and information on a range of products and services. Because our content is not financial advice, we suggest talking with a professional before you make any decision.

By submitting your comment or question, you agree to our Privacy and Cookies Policy and Terms of Use.

Questions and responses on finder.com are not provided, paid for or otherwise endorsed by any bank or brand. These banks and brands are not responsible for ensuring that comments are answered or accurate.
Go to site