Sending money to Slovenia is no longer as complicated or time consuming as it was until a couple of decades ago. However, if you are looking for the best way to send money to Slovenia, you need to understand that no single service provider or method works equally well for everyone. For instance, while someone might want to pay for a transfer using a credit card, someone else might want to pay using cash.
Transfer Money to Slovenia
- User Rating
- Transfer Type
- Regular Payments
- Mobile App
- Min Transfer Amount
- Two Transfers Fee Free
- 1 - 3 Days
- $250 / £100 / €250
Currency Corridors & Swift Codes
Currency Symbol and Swift Codes
The euro (EUR) is the official currency of Slovenia. The Slovenian tolar (SIT) was the country’s official currency from October 1991 to January 2007, when it was replaced by the euro. One euro is divided into 100 cents.
Sending money to a Slovenian bank account requires that you provide the bank’s SWIFT code. The table below lists SWIFT codes of some popular banks in Slovenia.
|Nova Ljubljanska Banka||Ljubljana||LJBAS12XXXX|
Popular Currency Corridors
Although a relatively small country, a considerable amount of money enters and leaves Slovenia regularly. In 2016, more than U.S. $360 million made its way to Slovenia as remittances from other countries. During the same period, over U.S. $760 million was sent as remittances from Slovenia to other countries.
The corresponding tables show how much money entered and left the country across its popular currency corridors. The numbers are in U.S. dollars and are from 2016.
How Do I Compare Companies When Sending Money to Slovenia?
Given that there are numerous companies that let you send money to Slovenia, comparing them across some crucial parameters is important.
- How much will it cost? Companies that let you transfer money to Slovenia tend to charge varied fees and offer different exchange rates. To select the most cost effective alternative, simply look at how much money the recipient stands to receive through different service providers.
- How long will it take? To send money to Slovenia in a hurry, consider using the services of a company that has cash pickup centers in the country. This is because such transfers tend to process almost straight away. Transfers to Slovenian bank accounts may take up to five business days, depending on where you reside, the company you choose, and the recipient’s bank.
- How can you pay? Just about every money transfer company lets you pay using your bank account. Finding companies that accept debit and credit card payments is easy. Depending on the company you select, you may also pay using region-specific methods such as ACH, POLi, SOFORT, and iDEAL.
- What about customer support? Some of the top money transfer companies provide local phone support in different countries, although online support via chat and email is easier to find. Turning to review-based platforms such as Trustpilot and Feefo gives you means to look at how previous customers of these companies rate their services.
How to Transfer Money to Slovenia?
When sending money to Slovenia, you get to begin the transfer process in different ways.
- Online. One way to send money to Slovenia online is to turn to your bank’s online banking system. However, it might be worth your while to compare its cost effectiveness and speed with some of the top online overseas money transfer companies.
- Over the phone. Some of the leading money transfer companies give you the option of sending money to Slovenia over the phone. You may even get access to a dedicated currency dealer depending on the company you select.
- In-person. While your local bank might let you send money to Slovenia in person, compare its services with money transfer companies that operate out of physical locations.
Work required Mark to travel to the United States for a couple of years. Since his daughter was in school, his wife decided to stay back in Slovenia with her. During his stay in the U.S., Mark was to keep sending some money back home every month. He knew that several American banks gave him the ability to transfer money to Slovenia, but he wanted to make sure he got the best deal. He compared his alternatives and this is what he found.
|Bank||Money Transfer Service|
|Exchange rate||$1 = EUR 0.8016||$1 = EUR 0.8170|
|Amount received for $1,500||EUR 1,182.36||EUR 1,225.50|
|Transfer time||2 to 5 days||1 to 3 days|
|Transfer options||Bank account||Bank account|
|Difference of||EUR 43.14|
Using the money transfer company turned out to be more cost effective than banks, and it also resulted in a speedier transfer. Besides, the company he decided to use let him lock in exchange rates for up to six months.
Cash Pickup Locations in Slovenia
Companies that have agent networks in Slovenia give you the ability to send money to the country quickly. Some of the companies that you may turn to include Western Union, MoneyGram, and Ria.
|Western Union in Slovenia|
|Ljubljana Nova Ljubljanska Banka Bratovseva P1 14 Ljubljana||Trafika 3DVA Ljubljana Slovenska 55 Bavarski Dvor Ljubljana|
|Maribor Trafika 3DVA Maribor Glavni Trg 14 Maribor||Nova Kreditna Banka Vita Kreigherja 4 Maribor|
|MoneyGram in Slovenia|
|Ljubljana Abanka Vipa Slovenska Ulica 50 Ljubljana||Gorenjska Banka Dalmatinova Ulica 4 Ljubljana|
|Maribor Abanka Vipa Cankarjeva Ulica 6b Maribor||Abanka Vipa Prvomajska Ulica 26 Maribor|
Safety Tips for Picking Up Cash in Slovenia
Crime levels in Slovenia are low. However, you should take precautions against becoming a victim of petty crimes such as bag snatching and pickpocketing, especially in and around tourist areas and on trains. Do not leave your valuables unattended at any time. Do not leave your drinks unattended and do not accept drinks or food from strangers and there have been instances of spiking.
What Information Do I Need to Transfer Money to Slovenia?
When sending money to Slovenia, you will need to provide different types of information depending on the transfer method you select.
- Bank account. The information you will need includes the recipient’s complete name, the recipient’s bank account number, the receiving bank’s name, and the receiving bank’s SWIFT code.
- Cash pickup center. You will need the recipient’s complete name and the location of a suitable cash pickup center. The recipient may collected the transferred money by providing an acceptable form of identification document and a reference number.
Regulations When Transferring Money To and From Slovenia
As part of the Eurozone, Slovenia does not have its own currency controls or regulations. Banka Slovenija (the central bank of Slovenia) is responsible for monitoring the country’s payments systems, whereas the country follows the single monetary policy the set by the European Central Bank (ECB). Transfers of more than €10,000 need to be declared to the relevant European Union authorities.
When you want to transfer money to Slovenia the next time, make sure you compare the top money transfer companies depending on where you live. If you want to save even more money, look for ongoing promotional offers.
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