Overall best way: Payoneer
Payoneer scored the highest of the 3 money transfer companies supporting BAM to GBP transfers.
In total, Payoneer appeared in 50% of Bosnia and Herzegovina to United Kingdom searches.
For a great mix of cost, speed & features, we advise using Payoneer for your Bosnia and Herzegovina to United Kingdom transfer.
How to compare companies offering money transfers from Bosnia and Herzegovina to United Kingdom
Considerations for sending money from Bosnia and Herzegovina to United Kingdom
Always compare ways to send money from Bosnia and Herzegovina to the United Kingdom to get the best options for fees, speed, and reliability.
Our analysis included 3 providers that operate between Bosnia and Herzegovina and United Kingdom.
Through this, you get a comprehensive view of all the options you have in Bosnia and Herzegovina when you need to send money to the United Kingdom.
Cheapest way to send money to the United Kingdom from Bosnia and Herzegovina: Instarem
They offer an average fee of 0* BAM and exchange rate between BAM-GBP that is 0.5% different to the mid-market rate.
In comparison, Instarem is 0.7% cheaper than the second-best option.
To secure affordable and great rates on a BAM to the United Kingdom transfer, Instarem is our recommended choice.
*The most common fee applied to BAM-GBP by Instarem, based on data from the past six months.
Fastest way to transfer money from Bosnia and Herzegovina to United Kingdom: Wise
Our data shows that Wise came up as the fastest option for sending Convertible Mark into Pound Sterling in 50% of searches. This makes them well suited to urgent BAM to GBP money transfers.
The average fee for a BAM-Pound Sterling transfer through Wise is 3.56 BAM.
To get the 'fastest' option we compared 3 providers for overall speed of sending money from Bosnia and Herzegovina to the United Kingdom - this includes depositing Convertible Mark, transfer times, withdrawal timeframes in the United Kingdom.
When speed matters, Wise is your best choice for sending into the United Kingdom from Bosnia and Herzegovina.
Send large sums of money
Payoneer offers the strongest all round option for large transfers of the 3 money transfer companies compared.
Whether for business or a property purchase, sending large amounts of money can be expensive if you get a bad exchange rate from Pound Sterling to Pound Sterling.
As such, opt for Payoneer for sending large sums of money to the United Kingdom from Bosnia and Herzegovina.
Understanding the cost of sending money to United Kingdom from Bosnia and Herzegovina
The cost of sending money from United Kingdom to the United Kingdom, is made-up of a combination of fees and exchange rates:
The Mid-Market and Exchange Rates: The mid-market rate determines a mid-price for buying currency. The current mid-market rate from BAM-GBP is 0.4245 GBP per Convertible Mark.
Finding a provider offering an exchange as close to 0.4245 as possible will ensure more Pound Sterling received when transferring.
For context, the BAM-GBP mid-market rate for the past three months has averaged 0.4269 GBP per Convertible Mark. This includes a high of 0.4285, and low of 0.425.
Wise currently offers the best exchange rate on transfers from Bosnia and Herzegovina to the United Kingdom.
For the most part the BAM-GBP exchange rate you receive is the biggest factor impacting the cost of sending BAM to the United Kingdom.
Fees: Outside of exchange rates, you may need to pay a fee to send. Sokin currently offers the lowest fees on transfers to the United Kingdom from Bosnia and Herzegovina, averaging 0 BAM over the last 6 months. Although this does include large transfers as well, we recommend searching for your exact send amount for an exact fee.
Amount Received: The amount received in Pound Sterling is the amount you started with, minus the amount you paid in the exchange and fees.
The better deal you get on exchanging Convertible Marks to GBP, paired with a low fee, means a higher total amount received in the United Kingdom.
How to find the best exchange rate for Convertible Mark to Pound Sterling
Timing is essential for sending money between BAM and GBP. The exchange rate you secure impacts how much GBP you get for your BAM.
Let's dive into some interesting recent trends.
Over the past six months, the exchange rate from BAM to GBP has seen some fluctuation. On average, it stood at 0.4269.
During this period, the highest value recorded was 0.4285, while the lowest was 0.425.
Payoneer, which is our recommended service to send money online from Bosnia and Herzegovina to United Kingdom offers an exchange rate that is only 1.5% above the mid-market rate.
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Funding your Bosnia and Herzegovina to United Kingdom money transfer
How we analyze the market
We track the cost, speed, and product offerings of the leading money transfer services available between United Kingdom and Bosnia and Herzegovina.
Our comparison engine and algorithms evaluate providers based on over 25 factors, including transfer fees, ease of use, exchange rates, mobile apps, transfer times & customer support.
We also consider how these services are rated on platforms like TrustPilot, AppStore, and Google Play, giving you a comprehensive view of what to expect.
This thorough analysis helps you get the best available deal - every time you want to move money from Bosnia and Herzegovina to United Kingdom.
We also provide unbiased and detailed reviews of all the top money transfer companies. You can use these reviews to send BAM to GBP.
For a deeper understanding of our commitment to integrity and transparency, we invite you to read our editorial policy document.