Send Money To Slovenia

Currency Symbol and Swift Codes

The euro (EUR) is the official currency of Slovenia. The Slovenian tolar (SIT) was the country’s official currency from October 1991 to January 2007, when it was replaced by the euro. One euro is divided into 100 cents.

Sending money to a Slovenian bank account requires that you provide the bank’s SWIFT code. The table below lists SWIFT codes of some popular banks in Slovenia.

Case Study

Work required Mark to travel to the United States for a couple of years. Since his daughter was in school, his wife decided to stay back in Slovenia with her. During his stay in the U.S., Mark was to keep sending some money back home every month. He knew that several American banks gave him the ability to transfer money to Slovenia, but he wanted to make sure he got the best deal. He compared his alternatives and this is what he found.

Using the money transfer company turned out to be more cost effective than banks, and it also resulted in a speedier transfer. Besides, the company he decided to use let him lock in exchange rates for up to six months.

Cash Pickup Locations in Slovenia

Companies that have agent networks in Slovenia give you the ability to send money to the country quickly. Some of the companies that you may turn to include Western Union, MoneyGram, and Ria.

Safety Tips for Picking Up Cash in Slovenia

Crime levels in Slovenia are low. However, you should take precautions against becoming a victim of petty crimes such as bag snatching and pickpocketing, especially in and around tourist areas and on trains. Do not leave your valuables unattended at any time. Do not leave your drinks unattended and do not accept drinks or food from strangers and there have been instances of spiking.

What Information Do I Need to Transfer Money to Slovenia?

When sending money to Slovenia, you will need to provide different types of information depending on the transfer method you select.

• Bank account. The information you will need includes the recipient’s complete name, the recipient’s bank account number, the receiving bank’s name, and the receiving bank’s SWIFT code.
• Cash pickup center. You will need the recipient’s complete name and the location of a suitable cash pickup center. The recipient may collected the transferred money by providing an acceptable form of identification document and a reference number.

Regulations When Transferring Money To and From Slovenia

As part of the Eurozone, Slovenia does not have its own currency controls or regulations. Banka Slovenija (the central bank of Slovenia) is responsible for monitoring the country’s payments systems, whereas the country follows the single monetary policy the set by the European Central Bank (ECB). Transfers of more than €10,000 need to be declared to the relevant European Union authorities.