Send Money To Serbia

Updated on September 13, 2020
Personal
Business
From
United States Flag
United States
USD
To
Serbia Flag
Serbia
RSD
1 USD equals
99.25 RSD
09/13/2020 5:19 PM UTC
 
How much to transfer?
$1-1k
$1k-10k
$10k +
Provider
Features
Fees
Score
Speed
Transfer Now
XE Money Transfer Logo
  • Check Icon
    Fee-free transfers
  • Check Icon
    Competitive exchanges rates
  • Check Icon
    Limit orders
  • Check Icon
    Multilingual website and customer service
$
$
$

low

Fees
74
Speed Icon

medium

2-3 days

Less Information
+

Transfer Options

  • Bank Transfer
  • BPAY (Australia)

Features

  • Check Icon
    Fee-free transfers
  • Check Icon
    Competitive exchanges rates
  • Check Icon
    Limit orders
  • Check Icon
    Multilingual website and customer service

Support

  • Phone
Support
Phone Icon
Phone
$
$
$

low

Fees
Speed Icon

medium

2-3 days

Best For

  • Circle Check Icon
    No fees for personal transfers
  • Circle Check Icon
    Accepts payments in several currencies
  • Circle Check Icon
    Target specific rates using limit orders
  • Circle Check Icon
    No debit or credit card payments
  • Circle Check Icon
    No scheduled transfers

Payoneer Logo
    $
    $
    $

    high

    Fees
    71
    Speed Icon

    medium

    2-3 days

    Less Information
    +

    Transfer Options

    • Bank transfer
    • Debit card
    • Credit card
    • Bank debit

    Features

      Support

      • Phone
      Support
      Phone Icon
      Phone
      $
      $
      $

      high

      Fees
      Speed Icon

      medium

      2-3 days

      Best For


      How to send money to Serbia

      How To Step Icon
      Step 1
      Compare the main competitors, sign up
      Compare the main competitors, sign up
      Several money transfer companies let you send money to Serbia easily.
      Compare the top competitors, and select the best one after considering any specific requirement you might have.
      You will need to provide some information to create a new personal or business account.
      Most companies require details from a valid identity document to verify your identity.
      How To Step Icon
      Step 2
      Inspect exchange rates, initiate transfer
      Inspect exchange rates, initiate transfer
      Check the existing RSD exchange rate while also looking at its performance over the recent past.
      When you wish to send money to Serbia, ask your service provider for a rate quote. Remember that high-value transfers tend to get better rates.
      Initiate the transfer by accepting the offered rate and providing the recipient's local bank account details.
      The rate is then locked in place for a predetermined time period.
      How To Step Icon
      Step 3
      Make payment, keep track of the transfer
      Make payment, keep track of the transfer
      Your service provider basically operates as a mediator, helping you transfer money to Serbia.
      You need to send your payment to the company you select to get the transfer process started. Once it receives your payment, it transfers the money to the recipient's Serbian bank account. Your company notifies you of the time the process might take in advance.
      Most companies let you track your transfer by visiting their websites or through their apps. Several provide email/text notifications as well.

      Currency Symbol and Swift Codes

      What currency does Serbia use? The Serbian dinar (RSD) is the official currency of Serbia. While the dinar’s earliest use dates back to 1214, the Serbian dinar, in its current form, replaced the Yugoslav dinar in 2003. This happened upon the transformation of Yugoslavia into State Union of Serbia and Montenegro.

      Carrying out a money transfer to a Serbian bank account requires that you have the bank’s SWIFT code. Given below are SWIFT codes of some popular banks in Serbia.

      BANKBRANCHSWIFT CODE
      Banca IntesaBelgradeDBDBRSBGGXXX
      Raiffeisen BankBelgradeRZBSRSBGXXX
      UniCredit BankBelgradeBACXRSBGXXX
      Komercijalna BankaBelgradeKOBBRSBGGFB

       

      Case Study

      Miroslav moved from Serbia to Germany because of work, but his aging parents did not relocate with him.  Since they depended on him financially to some extent, he was to keep sending them a little money each month. While several banks in Germany let him transfer money to Serbia, he decided to compare them with some of the leading money transfer companies. The results of his comparison are in the corresponding table.

       BANKMONEY TRANSFER SERVICE
      Exchange rateEUR 1 = RSD 115.1310EUR 1 = RSD 115.6739
      Transfer feeEUR 15EUR 0
      Amount received for EUR 1,500RSD 170,969.53RSD 173,510.85
      Transfer time2 to 6 days2 to 3 days
      Transfer optionsBank accountBank account
      Difference of RSD 2,541.32

      Miroslav used a money transfer company instead of a bank, because of which his parents received some extra money each time. Besides, the company also let him schedule monthly transfers according to his pay-cycle, so he did not have to repeat the entire process every month.

       

      Cash Pickup Locations in Serbia

      If you want to send money to Serbia quickly, or if the recipient wants to collect the money from a physical location, you may consider using the services of companies such as Western Union, MoneyGram, or Ria.

      WESTERN UNION IN SERBIA 
      Belgrade Menjacnica Iks Andre Nikolica 2a BelgradeBanca Intesa Vase Pelagica 48b Belgrade
      Novi Sad As Impex Ns 1 Bulevar Jase Tomica 4 Novi SadAs Impex Ns 2 Bulevar Jase Tomica 4 Novi Sad
      MONEYGRAM IN SERBIA 
      Belgrade Moneta - Alta - #7 Knez Mihajlova 54. Lokal B18 Rajiceva Sc BelgradeVojvodjanska Banka Bulevar Vojvode Misica 41 Belgrade
      Novi Sad Alpha Bank Bulevar Oslobodijenja 30 Novi SadMoneta - Pro Kurs - #1 Novosadskog Sajma 2 Novi Sad

       

      Safety Tips for Picking Up Cash in Serbia

      While crime levels in Serbia are typically low, you should exercise basic precautions. Foreigners might become targets because of the assumption that all tourists are rich. There have been reports of petty crime from the larger cities in Serbia. Pickpocketing can take place around tourist areas, on public transport, at airports, and at crowded public places.

      Instances of petty crime and violence have taken place at some sporting events. Remain vigilant if you leave a bar or a nightclub alone late at night. Luxury and four-wheel drive vehicles have been targeted by thieves. Do not leave your valuables or belongings in a parked car. Credit card fraud is common in Serbia, so never leave your card out of your sight.

       

      What Information Do I Need to Transfer Money to Serbia?

      How you choose to send money to Serbia has a bearing on the information your service provider will need.

      • To a bank account. You will need the recipient’s complete name and bank account number, as well as the receiving bank’s name and SWIFT code.
      • To a cash pickup location. You simply need to provide the recipient’s complete name and pick a suitable cash pickup center. The recipient can get the money by presenting a transaction or reference number along with a valid form of identification document such as a passport or a driver’s license.

       

      Regulations When Transferring Money To and From Serbia

      The Serbian dinar is a floating currency and the National Bank of Serbia manages the float to steer clear of excessive volatility. The exchange of foreign currencies is supervised by different bodies that include, but do no limit to, the National Bank of Serbia, the customs authorities, and the tax administration. The National Bank oversees forex operations of banks as well as internet-based service providers headquartered in the country.

      There are no restrictions on Serbian companies that want to make payments for goods or services from other countries. Serbian businesses may hold foreign exchange accounts with any bank that has the authority to provide such accounts.

      Convert USD to RSD

      Check out the historical exchange rates for the last thirty days. Learn how much you can save by using a global money transfer company instead of the big banks.
      USD
      RSD
      Sending money online through specialist money transfer companies.

      Expect to receive between din.9825.75 and din.9885.3 when sending money from USD to RSD at today's exchange rate.

      Compare that to sending money overseas through retail banks. Expect to receive approximately din.9428.75, not including additional banking fees. That is an average saving of din.426.77.
      Currency exchange rate in the last 30 days

      Need more information?

      Read useful guides on international remittance and more detailed reviews on the best money transfer services.

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