Find out how to make a money transfer to Monaco at the best EUR rate in four easy steps
Making your transfer on a date when the mid-market is higher than usual is a good way to optimize your transfer. Keep an eye on the evolution of the Euro exchange rate and send the money when the mid-market rate is close to its highest level of the last few days.
What is the most important for you? Overall cost, speed of transfer, customer reviews? Examine the pros and cons before making your decision.
You may also want to have a look at the pay-in and pay-out methods. Most of the time you'll have providers allowing you to transfer the money directly from your bank account, some will also allow you to pay with your debit and credit cards. On the other side of the transfer, choose if you need the converted amount to be transferred to your recipient's account or be available for cash pick-up.
It is now time to fill the sign-up form on the money transfer provider's online portal (you normally have to provide some documents to prove your identity), and set upyour transfer to Monaco.