About USD and BAM
A reasonable number of people from Bosnia and Herzegovina depend on the US for survival. This is because they have families and friends who live in the US, and they regularly have to send money to Bosnia and Herzegovina using different international money transfer channels. Transfer of money from the US to Bosnia and Herzegovina is common via numerous channels that have been put in place to enable the operation. Below is a simplified comparison that will help you pick the right money transfer service.
Best way to send money from the US to Bosnia and Herzegovina
There are many options that you can consider when you want to transfer money from US to Bosnia and Herzegovina. Some of the best choices you may want use are discussed below;
Online Money transfer
It is one of the commonly used transfer methods used to transact safely and fast. It involves the following online transfer companies that we researched and found to be the best and safe for you.
XE Money Transfers has a 24/7 operation system that allows you to transfer money online without any limit. It is secure for both the sender and receiver. The receiver can receive the funds locally through the easy to access outlets like banks which are usually used as pick up points.
World Remit supports the transfer of money to Bosnia and Herzegovina from the US. It is secure and safe for all users. World Remit has a flexible payment option including bank deposits, cash pick-up, mobile money, or airtime top-up and simple to use platform.
Direct bank transfer
There are Bosnia and Herzegovina banks in the US that will help you send money quickly. And this is good news more if you plan to remit lots of money regularly. If you are transferring money to Canada from the US via the same bank, it takes a shorter time, and the rates are also fair.
Post office services
Though post office services take longer, they are reliable and secure. Post offices have an exclusive agreement with transfer companies from the US to allow money transfer. However, there are similar services that such as Western Union that help fulfill receivers' needs.
What to consider when you want to send money from the US to Bosnia and Herzegovina
- The amount of money you need to transfer because it can affect the cost of service
- If the receiver is comfortable with the channel you select
- USD to BAM exchange rate
- How long until the transfer complete
The fastest way to send money from the US to Bosnia and Herzegovina
XE Money Transfers is so far the quickest option and operates 24/7. You can send any amount of money without limits, and worry of your money disappearing. You can easily send money from your phone through the easy to use app at your comfort. You have other options like sending money directly from your mobile device into a bank account.
It is also good to know that services like Western Union and some bank transfers can also be prompt but the only disadvantage is that they lack the 24/7 service factor.