5 important questions to answer before you send money to Serbia
With so many different options it can be difficult to know the best way to end money to Serbia. By listening to the needs of our customers and their recipients we know what is most important to you and are keen to provide you with as much useful information as possible.
Here are five of the most common questions, helping to make money transfer work for you:
- How should I send money to Serbia?
- Am I getting the best rate?
- How fast do I need money to arrive?
- Is my money safe and secure?
- How can I track the send?
Let’s explore these a little more… How should I send money to Serbia?
There are two main ways to send money to Serbia from the UK.
- Anywhere cash pick-up: This method allows you to send money for collection at any of our locations across the country and is particularly popular for recipients who don’t have a bank account. We currently have over 100 pick-up destinations in Serbia.
- Bank Deposit: An efficient means of money transfer which doesn’t require the physical collection of cash, Euros can be deposited directly into a bank account in minutes. All you need is your recipient’s account details and you are just a few steps away from getting money to them.
Am I getting the best rate?
When it comes to money transfer, we all want to ensure that we are getting the best value for money. Exchange rates are a crucial factor which you should always be aware of.
At Small World we are constantly checking the rates that we offer against those of our competitors and are also able to beat the rates which are offered by the banks.
Transfer fees also need to be taken into consideration, someone offering a favourable exchange rate might make up for it by charging excessive transfer fees. In a recent blog we took a more detailed look at transfer fees and exchange rates, and how to make them work for you.
How fast do I need money to arrive?
When weighing up your money transfer priorities, it is worth asking when your money needs to arrive by as there is usually a correlation between the cost to you and the speed with which your transfer needs to be sent.
If you are able to plan in advance with your recipient in advance, so that you are not making a last-minute transaction, you have more options with regards to how the type of transfer available to you and will often be able to save money.
Is my money safe and secure?
Sending money is a big deal for anyone and it is therefore crucial that you have confidence that it will reach your intended beneficiary. This is why you should always use formal channels.
Here at Small World we are a regulated company that can be found on the Financial Services Register. With over 15m customers worldwide you can trust that your money is safe with us.
Unfortunately, there are always criminals looking to benefit from difficult times such as the current Covid-19 pandemic. If you want to read more on this, check out our article that highlights five types of money transfer scams to watch out for. Remember, if an offer looks too good to be true, 99% of the time it will be.
How can I track the send?
One way to track your money is through the Small World app. It only takes two minutes to download (from the Apple Store or Google Play), once installed on your smartphone and your account is set up, you are only a few easy steps away from making your first online money transfer to Serbia.
The app allows you to monitor the progress of your transfers meaning that you will know when your beneficiary has received their money. Once you have sent someone money their details are stored in the app so that it’s even easier next time.
The most popular ways to send money to Serbia
1. Cash pick-up
2. Bank Deposit
Our main partner in Serbia is: UniTransfer