It’s never been challenging to transfer money to Slovenia from the USA. Take a look at USA and Slovenia information.
The United States has partnered up with Slovenia in trades and investments, although U.S. investments in Slovenia have been quite moderate. Even so, the United States is regarded as the biggest non-European business partner in Slovenia.
2 suggestions to transfer money to Slovenia from the USA
In 2007, the Euro was officially introduced as legal tender to replace Tolar currency.
DNBC Financial Group will enlighten you on how to send money from the USA to Slovenia.
How to send money from the USA to Slovenia?
Slovenia is seen as one of Europe’s fastest growing economies. Exports are the key contributions to Slovenia’s economic boost, and 75% of foreign trade comes from the EU.
In 2014, the U.S. imported 699.7 million dollars of goods from Slovenia, and exported 305.5 million dollars.
The United States has worked to boost bilateral trade and investment and is now Slovenia’s third largest partner of foreign investment.
That means there is a huge demand for sending money online from the USA to Slovenia. It can involve a variety of personal and business purposes.
Whatever reasons you outlined: send money to Slovenia for investments, transfer money to family and pay for business purposes.
With multiple money transfer services offered to you, it’s not challenging to send transfer money from the USA to Slovenia.
Not all services work similarly. Which services are most suitable for you? Here are some useful suggestions from DNBC Financial Group.
1. Send money from the USA to Slovenia via a bank
Many people in the USA will think of bank transfers as a convenient and safe way.
In general, most bank transfers in the USA are secured and quick, and they are a lot safer than transferring cash to Slovenia.
Also, if you’re planning on transferring a large amount of money from the US to Slovenia, banks can be a good consideration.
Although it’s a safe method, transferring money from the USA to Slovenia can still be a challenging process if you don’t use a financially regulated fund service.
The currency exchange rate tends to be high when converting Dollar into Euro currency.
The charges and fees can be more expensive than online money transfer services, so if you send a small fund, banks are really not a good choice because they can charge a high percentage of various fees added.
Transferring money to Slovenia can take 3 – 5 days to arrive and requires entering the beneficiary to verify bank account information.
If delivery time matters to you, you can choose an online transfer service. More details are available below.
2. Pick an online money transfer provider
For most people, this is the most optimal solution once you intend to transfer from the USA to Slovenia. You can easily access these services at home or anywhere.
Online transfers have no waiting time. As long as you have a stable internet connection, you can log in your account and use all services available from your provider.
In addition, an online money transfer can be initiated immediately. It takes one or two days to complete your transaction.
Online money transfer services are often available to you 24/7. You don’t need to put up with the inconveniences of waiting for traditional banking hours. Some online money transfer providers have access to networks in different countries. This makes your process more direct and easier to do.
You can consider some of the most typical providers to transfer money online to Slovenia, such as: DNBC Financial Group, XE, Western Union, OFX, CurrencyFair, WorldRemit, Remitly, TransferWise, TransferGo.
At DNBC Financial Group, they apply SWIFT and SEPA transfers to 173 countries and worldwide, providing the clients with a range of transfer alternatives at the lowest possible rate and shortening your waiting time.
The transaction limit can reach 500 000 EUR per day for a business account. It takes 1-3 business days to process most currencies, but some currencies can take longer. This depends on the weekend time, holidays or the final destination.
Besides, you can consider other alternative providers to meet with your demand for transferring money.
Finally, here are some steps to make your transactions convenient and optimal:
Step 1: Check the competition, create an online account
You have a lot of options of online providers out there. Picking a suitable provider by studying the competition closely.
Make sure you identify a specific target you will focus on. Pick the best and sign up as a personal account or a business account. It’s important to verify your identity to successfully create a new account.
Step 2: Cover the exchange rates, then get started with transfers
Pay attention to the recent history of EUR exchange rates to spot if it’s a suitable moment to send money from the USA to Slovenia.
Activate your transfer process by taking a rate quote from your provider. Remember that the rate you get will rely on your transfer amount.
Step 3: Make payments, transfer and track
Transferring money to Slovenia from the USA involves 2 stages. The actual transfer process gets started when you order your transfer.
After receiving your payment order, your service provider will send the previously quoted amount in EUR to the beneficiary’s bank account.
In this stage, you can use your service provider’s website or apps for transferring money to track your transfer’s progress or get notified through messages or emails.
About DNBC Financial Group
DNBC Financial Group attempts to become the optimal business account for international payments.
We offer full online payment solutions, money transactions in over 173 countries with multiple currencies, and are always willing to support you 24/7.
Of course, DNBC Financial Group provides transferring money online to Slovenia from the USA and everywhere in the world.