In this article, you'll discover whether Revolut works in Montenegro, explore some potential drawbacks if it is available, and consider the possibilities it offers for managing your finances.
Does Revolut Work In Montenegro?
Revolut is available in Montenegro, allowing users to access a range of financial services through its app. These services include money management, salary automation, savings with interest, and stock and commodities trading. Users can also create and use virtual and physical cards for their transactions.
Despite its availability, users in Montenegro should be aware of potential limitations or regional restrictions that may apply. It is advisable to consult Revolut's official support or FAQ sections for precise details about the functionalities and any specific conditions that might affect the use of Revolut in Montenegro.
Fees and Charges for Using Revolut in Montenegro
Here are some general costs that users might encounter when using Revolut in Montenegro:
- Merchant Surcharge Fees: Set by the merchant.
- Currency Exchange Transactions Above £1,000: 1% fee.
- Currency Exchanges on Weekends: 1% fee.
- ATM Withdrawals Over £200 (or more than 5 withdrawals): 2% fee.
Is Revolut the Best Option in Montenegro?
Even though Revolut is available in Montenegro, it might not be the best option for users due to certain limitations and restrictions.
- Limited Customer Support: Users may experience delays in receiving assistance.
- Regional Restrictions: Some features may not be fully accessible in Montenegro.
- High ATM Fees: Withdrawals over £200 incur a 2% fee.
- Currency Exchange Fees: 1% fee on exchanges above £1,000 or on weekends.
- Merchant Surcharges: Additional fees set by merchants may apply.
Alternatives to Revolut in Montenegro
1) OneSafe
OneSafe is a leading alternative payment solution in Montenegro, offering a seamless and user-friendly experience. With lower fees, efficient customer support, and features like global payments and multi-currency support, OneSafe stands out as a superior option for managing finances effortlessly.
OneSafe Reviews
OneSafe has received positive feedback from users who appreciate its comprehensive services, including ACH, Crypto, Wire deposits, and Virtual cards. Users have praised the platform for its support for most businesses, making it a reliable choice for managing finances.
2) Wise
Wise offers a versatile payment solution in Montenegro with key features like multi-currency accounts, low fees, and fast transfers. Users can send, receive, and manage money globally, benefiting from predictable exchange rates and robust security measures. The Wise card allows for worldwide spending without foreign transaction fees, making it a practical choice.
Wise Reviews
Wise has an overall rating of 4.7 out of 5 based on 87 reviews. Users generally find Wise easy to set up and use, with a user-friendly interface. Customer service is often considered better than most neo banks. Some users have faced issues with government regulations preventing them from using Wise. There are occasional complaints about transaction failures without proper notifications.
Check out more Wise reviews here.
3) Paypal
PayPal offers a versatile payment solution in Montenegro, featuring secure transactions, global reach, and flexible payment options. Users can send and receive money, shop online, and manage their finances with ease. PayPal's robust security measures and convenient services make it a reliable choice for financial management.
Paypal Reviews
PayPal has an overall rating of 4.4 out of 5 based on user reviews. Users generally mention high transaction fees and issues with customer support and dispute resolution.
Check out more PayPal reviews here.
Frequently Asked Questions about Revolut in Montenegro
Can I use Revolut for local transactions in Montenegro?
Yes, Revolut can be used for local transactions, both online and in-store.
Are there any fees for ATM withdrawals in Montenegro?
Withdrawals over £200 or more than 5 times a month incur a 2% fee.
Does Revolut support Montenegrin currency?
Revolut supports multiple currencies, but Montenegrin currency may not be directly available.
Is customer support available in Montenegro?
Customer support is available but may experience delays due to regional limitations.
Can I trade stocks and commodities using Revolut in Montenegro?
Yes, Revolut allows users in Montenegro to trade stocks and commodities through its app.
Begin Your Journey with OneSafe Today!
Choosing the right payment solution in Montenegro is crucial for managing your finances effectively. While Revolut offers various services, alternatives like OneSafe provide lower fees and better customer support. Explore OneSafe for a seamless financial experience. Ready to make the switch? Sign up to OneSafe today!
