How to send money to Monaco
Learn how to send money to Monaco at the most competitive cost with these 4 steps
1. See if the EUR exchange rate is at your advantage
Converting your money at the right moment is a good way to optimize your transfer. You can take advantage our smart alerts to stay updated about the evolution of the mid-market.
2. Go with the best option by comparing the available services.
Monito lists a lot of money transfer companies able to send money to Monaco, such as TransferGo, TransferWise, Western Union, CurrencyFair, Currencies Direct. Using the right service from the list is the best way to save on fees and exchange rate.
3. Pick the best provider for your personal needs
What do you value the most? Fees and exchange rate, speed, customer ratings? Balance the different criteria before deciding which provider to use.
Another important aspect is to have a look at the pay-in and pay-out methods. Customers often have the possibility to pay your transfer by bank wire or by cards (credit or debit). On the other side of the transfer, look at different options if you need the amount in EUR 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 transaction to Monaco with the company of your choice
Visit the provider's homepage to complete the sign-up process (you usually have to give some documents to prove your identity), and provide the details of your transfer to Monaco.