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Best Ways to Send Money to Montenegro

Ensure fast send times, low fees, the best exchange rates, and helpful customer support on money transfers to Montenegro.

Continue reading for reviews, expert advice, and essentials for transfers to Montenegro.

Jonathan Merry
Author 
Jonathan Merry
3 minutes
November 22nd, 2023
Disclosure
Best Overall
8.6
XE

XE is the top rated money transfer provider that usually appears in our search results to Montenegro.

Fastest Option
9.2
Wise

Wise tends to be the fastest way to send money to Montenegro for many origin countries and send amounts.

Compare rates and fees for sending money to Montenegro

There are multiple ways to easily send and receive money in Montenegro but these will largely depend on the provider you decide to use.

What’s the Fastest Way to Send Money to Montenegro?

The fastest way to send money to Montenegro is through Ria Money Transfer’s fast option. With Ria Money Transfer’s fast option, your money should reach its destination in a matter of minutes. Their rates are quite good as well, as sending money through Ria Money Transfer’s fast option is cheaper than using most of their slower competition. Ria Money Transfer customers sometimes complain that their service is a bit difficult to use do to random hassles. Regardless, you can be sure you’re getting a good deal in terms of cost and speed.

What’s the Cheapest Way to Send Money to Montenegro?

The cheapest way to send money to Montenegro is through OFX. OFX charges a small currency conversion fee that depends on the amount of money being transferred. The more money you send through OFX, the better the deal is. On the lower end, OFX takes about 1% of the transfer’s total value. However, as you send more money, this rate declines to the eventual lowest possible rate of 0.4%. The only catch is that OFX does carry a minimum transfer amount, and it can bother some customers.

If the current minimum transfer amount is not agreeable to you, Wisenis about as cheap as OFX for smaller transactions.

What’s the Easiest Way to Send Money to Montenegro?

The easiest way to send money to Montenegro is through Wise. Wise makes sending money to Montenegro exceptionally easy. After you set up your account, all you need to do is follow these simple steps:

1) Tap in the amount of money to be sent

2) Tap in the destination

3) Pay Wise for the transaction.

4) Wait one or two days for the funds to arrive at the Montenegrin destination

What’s the Overall Best Way to Send Money to Montenegro?

The overall best way to send money to Montenegro is through OFX. OFX offers the best rates available while also making the money transfer process relatively easy. The company focuses on international currency conversions, but also sends money at great rates. With OFX, you can expect the lowest costs and good service on a regular basis. The waiting times aren’t too bad either, at just one or two days before your money reaches its Montenegrin destination.

Can I Send a SEPA Transfer to Montenegro?

Despite using the Euro as their currency and being located in Europe, Montenegro is not part of the SEPA zone. This means SEPA transfers cannot be sent to Montenegro and customers based within the country cannot benefit from the Single Euro Payments Area scheme. Find out more about SEPA transfers in our guide on the subject.

The USD to EUR exchange rate

Mid-market Rate
1
= 0.917125 EUR
Mid-market rate at: 13:22 UTC
USD/EUR Median: 0.916868 Low: 0.912950 High: 0.918920
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Contributors

Jonathan Merry
Jonathan is the founder and editor of MoneyTransfers.com. Jonathan is highly experienced in the currency transfer market, having previously worked in the FX trading industry, alongside being an avid traveller. Using his knowledge he identified a need for transparency and further education to help people save money on their money transfers, leading to the creation of MoneyTransfers.com