How to Bring Money Into Montenegro (Before You Open a Local Bank Account)

TL;DR: You don’t need a Montenegrin bank account on day one. Most newcomers use a mix of multi-currency cards (like Wise), international money transfer services (such as Remitly or Western Union), and traditional bank wires for larger sums. If you carry €10,000 or more in cash, you must declare it at the border and keep the confirmation slip. Montenegro uses the euro, so you’ll mostly be watching for fees and exchange margins.
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Bringing Cash Across the Border

Threshold: Anyone entering or leaving Montenegro with €10,000 or more (or the equivalent in another currency) must declare it to Customs. You’ll receive a stamped declaration form — keep it, as you may need it later to prove that the money was brought in legally if you deposit or transfer it out again. Failure to declare can result in confiscation or fines.

What counts as “cash”: Physical banknotes, coins, and certain bearer instruments such as traveller’s cheques.

Ways to Bring Money In (Without a Local Account)

1. Multi-Currency Fintech Cards

Modern banking platforms let you hold and spend euros directly. These are ideal for everyday expenses, hotel payments, and small transfers while you settle in. Montenegro uses the euro, so there’s no conversion from a local currency — only from your home currency to EUR when you top up your balance.


Open and verify your account before arriving. Cards work almost everywhere Visa or Mastercard are accepted.

2. Money Transfer Services

Services like Remitly or Western Union allow you to send funds from your home country to a cash pickup location in Montenegro — for example, at post offices or partner banks.


They’re quick and convenient when you need euros the same day, but can be more expensive than fintech options for large transfers. Bring identification for pickup, and check the daily limits before sending.

3. Traditional Bank Wires

For property purchases, vehicle payments, or starting a company, a SWIFT bank transfer is the cleanest route.


Confirm your sending bank’s limits, cut-off times, and international fees before traveling.


On the receiving end, Montenegrin banks operate under Central Bank regulations and will verify the source of funds to meet anti-money-laundering standards. Be ready to show basic proof, such as a sale contract or employment letter.

4. Cryptocurrency (With Caution)

Montenegro recognizes crypto-related services under its anti-money-laundering laws, but digital assets are not legal tender.


A few Bitcoin ATMs and local exchange desks exist, mostly around Podgorica and the coast, yet liquidity can vary and regulations are tightening.


If you use crypto, treat it as a side channel — not your main financial plan. Expect KYC checks when converting larger sums to euros.

Quick Comparison
MethodSpeedTypical CostsBest ForAccount Needed
Multi-Currency CardFastLow FX feesDaily spending, small transfersYes (set up before arrival)
Money Transfer ServiceSame dayModerate–highEmergency cash, quick accessSender account; recipient ID
Bank Wire1–5 business daysBank + FX feesLarge transfers, propertyYes (both sides)
Carrying CashImmediateNo transfer fee, higher riskSmall starter fundsNo, but declare ≥€10,000
CryptoVariableNetwork/exchange costsExperienced users onlyWallet(s); KYC may apply
Common Mistakes to Avoid

  • Forgetting to declare cash of €10,000 or more.

  • Arriving with cards that your home bank blocks for “suspicious activity.”

  • Ignoring small exchange-rate margins that quietly add up.

  • Waiting until your balance is low before transferring — bank wires can take days.

  • Assuming all European transfers are instant; SEPA timeframes still vary by institution.

    • How Relocation Montenegro Can Help

    • Planning your pre-arrival funding strategy

    • Assisting with customs declarations for €10,000+ cash

    • Introducing you to reliable local banks

    • Coordinating large incoming transfers for property or business setup

    • Preparing your source-of-funds documentation for compliance checks

    Relocation Montenegro ensures your money arrives safely, legally, and ready to use — so you can focus on settling into your new life on the Adriatic coast.

    FAQ
    Frequently asked questions
    We have put together some commonly asked questions.
    Do I need a Montenegrin bank account immediately?
    No. Many foreigners manage their first few months using fintech cards and occasional transfers. A local account becomes essential only when you start paying bills, receiving income, or registering a business.
    Can I carry more than €10,000 in cash if I declare it?
    Yes. You can bring in any amount as long as you declare it at the border and keep the stamped customs form. Banks may ask for that document when you deposit large sums.
    How long do international bank transfers take to arrive?

    Typically between one and five business days, depending on your home country, sending bank, and intermediary routes. Weekends and holidays can add extra time, so plan ahead.
    Are there limits on paying in cash once I’m in Montenegro?

    Everyday transactions are fine in cash, but larger deals — especially property purchases or notary-related payments — must go through the banking system for transparency and compliance.

    Is cryptocurrency legal to use in Montenegro?

    Yes, but with restrictions. Crypto is not considered legal tender, yet it is allowed for personal use. Service providers must comply with anti-money-laundering laws, and banks may ask for documentation when you convert large crypto amounts to euros.
    What’s the safest way to transfer large sums for a property or investment?

    A verified international bank wire is the most secure and compliant method. Work with your relocation agent or notary to ensure all documentation — including source-of-funds evidence and customs declarations — is prepared before transferring.