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.
|Nova Ljubljanska Banka||Ljubljana||LJBAS12XXXX|
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.
|BANK||MONEY TRANSFER SERVICE|
|Exchange rate||$1 = EUR 0.8016||$1 = EUR 0.8170|
|Amount received for $1,500||EUR 1,182.36||EUR 1,225.50|
|Transfer time||2 to 5 days||1 to 3 days|
|Transfer options||Bank account||Bank account|
|Difference of||EUR 43.14|
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.
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.
|WESTERN UNION IN SLOVENIA|
|Ljubljana Nova Ljubljanska Banka Bratovseva P1 14 Ljubljana||Trafika 3DVA Ljubljana Slovenska 55 Bavarski Dvor Ljubljana|
|Maribor Trafika 3DVA Maribor Glavni Trg 14 Maribor||Nova Kreditna Banka Vita Kreigherja 4 Maribor|
|MONEYGRAM IN SLOVENIA|
|Ljubljana Abanka Vipa Slovenska Ulica 50 Ljubljana||Gorenjska Banka Dalmatinova Ulica 4 Ljubljana|
|Maribor Abanka Vipa Cankarjeva Ulica 6b Maribor||Abanka Vipa Prvomajska Ulica 26 Maribor|
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.
When sending money to Slovenia, you will need to provide different types of information depending on the transfer method you select.
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.