CMT Money Transfer to Country
Sending and receiving money from Serbia is simply a painless procedure now. Read along to know more about it.
Best Ways to Make a Money Transfer -Of all sorts of money transferring method, Serbia has literally supported all the major methods of money transfer. The basic is bank wire transfers which are ideal, then there is PayPal, prepaid cards, Bank drafts, checks, and more which facilitate an easy and smooth transfer of money to and from Serbia.
Types of options to Send Money -Its easy to send money to Serbia with various services available that help to transfer the payment and perhaps with little margin cut which means you are going to save a lot of money transfer. Currency Solutions, Western Union, Online FX, FXFirm, Adam and Company Bank are few firms that charge anywhere between 1% to 6% of margin. Restrictions on Receiving Money - According to the updates available at the Western Union, the maximum amount that can be received is equal to 6000 Euros. Similarly, brokers and carriers such as PayPal, Online FX, etc have an independent restriction on how much money one can receive in Serbia.
Restrictions on Sending Money - The limit for sending money from Serbia has been set at RSD 1,200 by the Western Union, however, the restrictions on sending money to and from Serbia fluctuate a lot depending on your broker and region of destination, etc.
Process to Send Money - The process is so simple that someone with just working knowledge of money transfer can do it. Simply visit the website of the broker or carrier of your choice, sign in, then enter certain credentials, enter the amount, enter the type of currency to send and receive and select the type of delivery method and you have done it.
Brief Economic Trend - The world is going cashless. The growing economies of developing countries such as Serbia have adopted various services of the banking system and it will soon have its share of advancements too. There has been a growth in money transfer to and from Serbia via brokers and various online carriers and the trend has just started to incline.
Main bank - Bank Wire Transfer is one of the trusted and versatile methods used to transfer payments from one bank to another. It is an efficient method, however, it usually takes around 3 business days to transfer money via wire.
Prepaid ATM and debit cards in Serbia?
Pre paid cards have been becoming increasingly popular in Serbia. They are not only easy to acquire but they are extremely convenient. Once you send the recipient a pre paid card, you can top up this card at your convenience, for the required amount from anywhere in the world. Topping up can be done online or through the phone. This is probably the easiest way to transfer money to Serbia.
Money transfer agents in Serbia?
Money transfer agents are also very popular when it comes to currency transfer to Serbia. This is mainly because of the fact that there is hardly any documentation that is required and the money reaches the recipient almost immediately. This method also makes it possible for the recipient to collect the money in cash. There are many well known operators who provide this money transfer service. Before you choose one ensure that you are getting the best exchange rates and the lowest fees or you will find that your transfer will work out to be rather expensive.
Official money transfer channels in Serbia?
When you send money to Serbia through official channels it means that you will be using a bank. Wire transfers the cheapest way of transferring money. However, this process can take anywhere between a day to 3 working days. The other drawback is also the fact that both the parties concerned will need to have valid bank accounts as money is transferred only between accounts. There are a very few banks that allow you to receive money in cash.