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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 Slovenia 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 dollar.
From bank transfers and online transactions to options that allow recipients to collect your funds within minutes, sending an international money transfer to Slovenia is easy. However, do your research and shop around for the best available deal.
We use our banks to take care of all our other financial needs, so surely we should use them when we need to send an international money transfer, right? Not necessarily. While major UK banks offer money transfer services, they usually present less competitive exchange rates coupled with high transfer fees.
You can often save money by using the services of a dedicated money transfer company. These providers specialise in handling overseas money transfers, offering attractive exchange rates and affordable transfer fees.
Sue wants to send £500 to her friend Michael in Slovenia to repay an old loan. She has an account with a major UK bank and considers using their services to send the funds, but when she sees the poor exchange rates she decides to shop around for a better deal. She decides to compare her bank’s exchange rates and fees with those offered by an online money transfer company.
As the table below shows, Sue can send more than an extra 30 euros by using the money transfer company, and she can also save £25 in transfer fees. This clearly demonstrates the benefits of comparing your options before sending money to Slovenia.
|UK bank||Money transfer service|
|Exchange rate||£1 = €1.2445||£1 = €1.3061|
|Amount received for £500||€622.25||€653.05|
|Transfer time||1-12 days||One day|
|Transfer options||Bank account||Bank account|
There are certain situations when you might need to send a transfer as quickly as possible. When you do need to send an emergency transfer, remember that you will usually have to pay extra in order to get your funds to your beneficiary ASAP. Make sure to check the exchange rate and fees that apply so you know exactly how much it will cost.Back to top
Picking up cash from a transfer agent in Slovenia? Follow a few simple steps to ensure that you and your money stay safe:
When sending funds to Slovenia, you’ll be asked to provide the following information:
Once you have completed your transaction, you will be given a tracking number. Make a note of this number so you can monitor the progress of your money transfer.
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