How to send money to Monaco
Find out how to transfer money to Monaco with the best exchange rate in a few easy steps
1. Check the EUR mid-market rate against your own currency
Even though the evolution of the exchange rate is unpredictable, it is a good idea to follow it to maximize how many your recipient will receive. Monitor the evolution of the Euro exchange rate and validate your transaction when the exchange rate reaches your target level.
2. Go with the best deal by comparing all the available money transfer providers.
We list quite a few services to send money to Monaco, such as TransferGo, TransferWise, Western Union, Currencies Direct, CurrencyFair. Going with the best company from the available options is a sure way to save on fees and exchange rate.
3. Pick the best service for you
What do you value the most? Overall cost, speed of transfer, number of customer ratings? Evaluate the pros and cons of the different options before making your decision.
In addition, it is important to take into account the pay-in and pay-out methods. Local bank transfer, debit and/or credit cards are the most often available payment methods to send money to Monaco online. On the recipient's side in Monaco, you often have to decide if you want the money to be deposited on a local bank account or received in cash (from an agent location).
4. Sign up and start your transaction with the service you selected
Now is the time to sign up on the provider's homepage (you most of the time have to give some documents to prove your identity), and provide the details of your money transfer to Monaco.