How to send money to Bosnia and Herzegovina from the UK

Are you looking for the best way to send money from the UK to a family member, friend, or business in Bosnia and Herzegovina?

Recipients will receive more marks with an online international money transfer service if you send money to Bosnia and Herzegovina from the UK because they offer more competitive exchange rates and cheaper transfer fees.

Money transfer services provide a fast, easy, and inexpensive way to send money to Bosnia and Herzegovina from the UK. This step-by-step guide will help you get started.

1. Choose a money transfer service to use. Compare fees, transfer times, delivery options, etc. Then, choose whichever one best suits your needs.
2. Set up an account. This can be done online and only takes a few minutes to finish.
3. Set up the transfer. Fill out the recipient's details, how much to send, and how you want it to be delivered or collected.
4. Choose how to pay for the transfer. Bank transfers and debit cards are widely accepted. Many services also accept credit cards. How you finance the transfer may determine how long it will take for the recipient to receive it.
5. Send the money. Track its progress online. You may be able to send the recipient a shareable link so they can track the transfer.

• Service fee. The service fee for sending money to Bosnia and Herzegovina from the UK will vary depending on how much you send, how it is delivered, and how you fund the transaction.
• Collection fee. Charged if the recipient is collecting cash.
• Delivery fee. Charged if the cash is to be delivered to the recipient's address.
• Cash advance fee. Charged by the credit card issuer since funding a money transfer is usually treated as a cash equivalent transaction. The cash advance interest rate will also be applied.
• Currency exchange rate. The exchange rate between the British pound and the Bosnian mark can significantly impact how much your recipient will get, especially for larger transfers.

Don't want to use a money transfer service? Here are some alternative ways to send money to Bosnia and Herzegovina.

• Bank transfer. Convenient, but usually more expensive, slower, and much less flexible than an online money transfer service.
• Crypto. If the recipient can accept crypto, this can be a very cheap and fast option. Crypto's price volatility can pose an issue when transferring a large amount.
• Money orders. Tried and tested, but slow since money orders usually have to be posted to the recipient.
• Money transfer agents. An option if you or the recipient do not have a bank account. Exchange rates and fees may make it a costly way to send money.
• Prepaid cards. Not suitable for large transfers due to limits on how much can be loaded onto the card and withdrawn from an ATM.

How long does it take for money sent from the UK to arrive in Bosnia and Herzegovina?

Timing will depend on the method used to send the money. For example, a bank transfer can take a few days, while money sent with a money transfer service can arrive within minutes.

Can I send money to Bosnia and Herzegovina if the recipient has no bank account?

Yes. You can still send money through a transfer service if the recipient has no bank account. The sender can configure the money transfer so that the recipient can either collect cash from a specific location or be delivered by courier. Alternatively, you could use a money order, send crypto, or even send a prepaid card.

Is it safe to send money to Bosnia and Herzegovina from the UK?

Yes, sending money to Bosnia and Herzegovina from the UK is safe when you use a reputable company. We only list established money transfer services on Finty.

Can I send a money order to Bosnia and Herzegovina from the UK?

Yes, it is possible to purchase a money order in the UK and send it to Bosnia and Herzegovina via postal mail or tracked courier. The recipient can then cash the money order at a bank, credit union, local post office, etc.

Can I use my credit card to send money to Bosnia and Herzegovina from the UK?

Yes. You can fund a money transfer to Bosnia and Herzegovina with a credit card. However, your credit card issuer may charge a cash advance fee since the transaction will most likely be classified as a cash equivalent. Additionally, the transaction will immediately incur interest at the cash advance rate.

Can I send cryptocurrency to Bosnia and Herzegovina from the UK?

Yes, cryptocurrencies such as Bitcoin and Ethereum can be sent to Bosnia and Herzegovina from the UK. The recipient can then choose whether to sell the crypto for cash or use it to transact with stores and people who accept it.