How to send money to Bosnia
Learn how to make a money transfer to Bosnia at the lowest cost in four easy steps
1. Make sure the BAM mid-market rate is interesting
Even though the evolution of the exchange rate is unforseeable, it is a good idea to keep an eye on it to optimize how much your will get against your own currency. We advise our users to take advantage smart alerts to keep track the evolution of the mid-market.
2. Compare 14 money transfer companies sending money to Bosnia and select the best deal.
Monito's comparison engine lists many services able to send money to Bosnia, such as Western Union, MoneyGram, Azimo, WorldRemit, Small World. Save money by comparing all your options to find the most competitive deal for your transfer.
3. Choose the best provider for your transfer
Decide if you’re looking for the money transfer provider with the overall cheapest cost, fastest transfer speed, best customer reviews, or a good compromise.
Another important aspect is to have a look at the payment solution and pay-out options. You may have the option to pay for your transfer by bank transfer or by credit or debit cards. On the other side of the transfer, look at different options if you need the converted amount to be transferred to your recipient's account or available for pick-up in cash at an agent location.
4. Sign up and start your money transfer to Bosnia with the service you selected
Now is the time to register on the provider's online portal (you most of the time have to upload some ID documents to prove your identity), and configure your money transfer to Bosnia.