Can I transfer money to Serbia

Dragana-Purple-Tiger

🇷🇸 Hi, no one answered me why there is no option to send money to Serbia???

Tim

You should be able to send transfers in EUR to Serbia but it's correct you can't send money in Serbian Dinar. You can simply enter the IBAN and the transfer will be processed by Transferwise through the SWIFT network. USD and GBP are usually also supported to additional countries.

Dragana-Purple-Tiger

Hi Tim, yes I tried to send to the EU on a foreign currency account (EU) but after that he asks me for some special additional information for the transaction.

Dragana-Purple-Tiger

Or you want to tell me that through Transferwis I am charged an additional service for sending money to another country.

Jakob-Y

Dragana Using the SWIFT network is not free for participating banks and services like TransferWise, so they charge fees for such transfers. When you send in Euros, as there‘s no currency conversion, the fee is comparably low.

Dragana-Purple-Tiger

Hi, thanks for the instruction ... the transaction for Serbia was successful ... the only thing we have to use TransferWisa .... Thanks everyone 😁 🇳🇱🇷🇸

Dragana-Purple-Tiger

Hi me again.... I sent money to Serbia and each transaction was 0.50e. Today I sent and the transaction on 100e cost me 4e / what has changed?
txs 😉

Jakob-Y

Dragana Hi Dragana, take a look here: https://transferwise.com/help/articles/2968916/sending-eur-to-countries-outside-of-europe TransferWise currently charges 3.55 Euro for the SWIFT transfer in addition to their regular fees, which is 0.41 Euro for Euro-> Euro transfers, so you probably have paid 3.96 Euro in fees for the SWIFT transfer to Serbia, regardless of amount because both of these are fixed fees. The last fee change was apparently on January 4th according to this blog article: https://transferwise.com/gb/blog/changing-send-eur-outside-europe-fees

Dragana-Purple-Tiger

Yes, to always use a Visa transver ( from EU in EU wedaut konverting money) ... that's why it's strange for me to increase the transaction

Jakob-Y

Dragana Using the SWIFT payment network is quite expensive. That's why TransferWise changed their fee structure for this particular payment method. Unfortunately for transfers to Serbia, no other cheaper payment method is available. Serbia is a country in Europe, but it's definitely not in the EU nor in the SEPA. And sadly, currently it doesn't really look like that will change anytime soon.