Transfer Money to Monaco

→
GBP

Comparing 5 providers

Sorted by highest amount received

Real exchange rate 1 GBP = 1.1509 EUR 30-day trend · Data from Xignite.com
Live
Best options for your transfer
Excellent Best Deal
Delivery time 1 day Pay by Bank transfer
Total cost Fee FREE Exchange rate 1.1429
Recipient gets
€ 22,858 EUR
+€300 more vs the typical bank
Go to Moneycorp ›
Very Good
Delivery time 1 day Pay by Bank transfer
Total cost Fee FREE Exchange rate 1.1419
Recipient gets
€ 22,838 EUR
Go to Western Union Business Solutions ›
Good
Delivery time 1 day Pay by Bank transfer
Total cost Fee FREE Exchange rate 1.1409
Recipient gets
€ 22,818 EUR
Go to World First ›
OK
Delivery time 1 day Pay by Bank transfer
Total cost Fee FREE Exchange rate 1.1399
Recipient gets
€ 22,798 EUR
Go to Smart Currency Exchange ›
OK
Delivery time 1 day Pay by Bank transfer
Total cost Fee FREE Exchange rate 1.1389
Recipient gets
€ 22,778 EUR
Go to UKForex ›
We get fees, exchange rates, and other details from money transfer providers, usually in real time. We try to keep this information accurate, but we can't guarantee it's always correct.

Questions you may have

Do I pay anything extra?
No. We may earn a commission, but you never pay more.
Is my money safe?
We only list regulated, licensed providers.
Why do rates change?
Exchange rates move constantly. We update results in real time.
What happens after I click?
You'll be redirected to the provider to complete your transfer securely.

Why Millions Use Us Before Sending Money

Regulated partners only

Real-time exchange data

Independent comparison

Best provider Moneycorp
Recipient gets € 22,858 EUR
Go to Moneycorp
Secure · No hidden fees

About Money Transfers to Monaco

Whether you are looking to buy a holiday home in scenic Monte Carlo or immigrating to Monaco-Ville, it will be important to search for the best exchange rates in order to maximise your money saving when transferring Euro to Monaco.

Our service aims to provide you the advice and help necessary to ensure that the service we provide to you is unparalleled. We aim to put your mind at ease as we compare only the top currency specialists regulated by the FCA and HMRC.

Last updated: May 08, 2014 Our methodology

Quick Facts: Monaco

Key information for sending money to Monaco

Transfer Speed
1 working day
Local Currency
EUR
Income Tax Rate
0%
Avg. Property Price/m²
31,333.33 EUR
Avg. Monthly Rent (3 bed)
12,000.00 EUR
IBAN Required
Yes

Money Saving Tips for Monaco

Expert advice for your international transfer

Visas are never issued in Monaco, so they must be applied for in your home or another country.

To apply for residency in Monaco one must either rent or buy a house or apartment for a minimum of one year.

The major incentive for expats is that no Income Tax is paid, making it a free economic zone.

Applying for a work permit can usually take around 4-6 months to settle.

What You Need to Send Money to Monaco

Checklist of recipient bank details required

IBAN e.g. MC5813488000010051108001292
International Bank Account Number
SWIFT/BIC Code e.g. BANKMCXX
Bank identifier for international transfers
Account Number
Recipient's bank account number
Account Holder's Name
Full name as it appears on the bank account

Popular Banks in Monaco

Credit Foncier de Monaco Société Générale UBS HSBC Credit Suisse Crédit Mobilier de Monaco

"When sending money to Monaco, always compare multiple providers. The exchange rate is important, but don't forget to factor in transfer fees and delivery times. For larger amounts, even small rate differences can translate to significant savings."

— MyCurrencyTransfer Editorial Team

Frequently Asked Questions

Common questions about sending money to Monaco

What is the cheapest way to send money to Monaco?

The cheapest way to send money to Monaco depends on your transfer amount. For larger transfers (over £1,000), specialist providers like Wise or OFX typically offer better rates than banks. Compare providers above to see which offers the best deal for your specific amount.

How long does it take to transfer money to Monaco?

Most transfers to Monaco are completed within 1-3 working days. Some providers offer same-day or next-day delivery for an additional fee. The exact time depends on the provider, payment method, and whether the recipient's bank processes weekend transfers.

What information do I need to send money to Monaco?

You'll typically need: the recipient's full name (as it appears on their bank account), their bank account number, the bank's SWIFT/BIC code, and for some countries an IBAN. You may also need the recipient's address and the bank's name and address.

Are money transfer services safe to use?

Yes, the providers we compare are regulated by the Financial Conduct Authority (FCA) or equivalent regulators. They must keep your money in segregated accounts and follow strict anti-money laundering procedures. Always check a provider's regulatory status before sending money.

Should I use my bank to send money to Monaco?

Banks are generally more expensive for international transfers due to higher exchange rate margins and fees. Specialist money transfer providers typically offer rates 2-4% better than banks. Use our comparison to see how much you could save.

How to Transfer Money to Monaco

  1. Compare providers

    Use the comparison table above to find the best exchange rate and lowest fees for your transfer amount.

  2. Create an account

    Click through to your chosen provider and register for a free account. You'll need your email address and basic personal details.

  3. Verify your identity

    Upload ID documents as required (passport, driving licence, or national ID). Most providers verify within 1-2 business days.

  4. Enter recipient details

    Add your recipient's bank account details including their name, account number, and SWIFT/BIC code.

  5. Fund and track your transfer

    Pay by bank transfer or debit card, then track your money until it arrives. Most transfers complete within 1-3 working days.