Send money overseas with Bancoli to take advantage of bank-beating exchange rates

Compare today's ALL to BAM (Albanian Lek to Convertible Mark) exchange rates

Albania
Bosnia and Herzegovina
ALL

Interbank Exchange Rate: 1 ALL = 0.0203 BAM
Updated about an hour ago

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All you need to know about Albanian Lek to Convertible Mark money transfers

Easily compare money transfer providers in one place to send money from Albania to Bosnia and Herzegovina. Send money overseas to your loved ones by comparing Albanian Lek (ALL) to Convertible Mark (BAM) remittance exchange rates. Read remittance service provider reviews and check out deals, promotions and discounts. Transfer online or send cash based on services offered by these providers.

Looking for a different option? You can browse all sending countries on our send money from hub, or view all destinations available when sending money from Albania.

Were you looking to send money from Bosnia and Herzegovina to Albania instead?

If you need to send international business money transfers and payments, get in touch with us to see how we can help protect your revenue.

Did not find the providers you were looking for? Please reach out to us at info@remitfinder.com, and we will do our best to add them to our platform.


Latest ALL to BAM Conversion Rates

Here are some latest ALL to BAM (Albanian Lek to Convertible Mark) exchange rates for popular conversion amounts*.

1 ALL0.02 BAM
5 ALL0.10 BAM
10 ALL0.20 BAM
25 ALL0.51 BAM
50 ALL1.02 BAM
100 ALL2.03 BAM
150 ALL3.05 BAM
200 ALL4.06 BAM
250 ALL5.07 BAM
300 ALL6.09 BAM
400 ALL8.12 BAM
500 ALL10.15 BAM
600 ALL12.18 BAM
700 ALL14.21 BAM
800 ALL16.24 BAM
1,000 ALL20.30 BAM
1,500 ALL30.45 BAM
2,000 ALL40.60 BAM
2,500 ALL50.75 BAM
3,000 ALL60.90 BAM
4,000 ALL81.20 BAM
5,000 ALL101.50 BAM
10,000 ALL203.00 BAM
15,000 ALL304.50 BAM
20,000 ALL406.00 BAM
30,000 ALL609.00 BAM
40,000 ALL812.00 BAM
50,000 ALL1,015.00 BAM
100,000 ALL2,030.00 BAM

*Based on the Interbank Exchange Rate. Actual payout may vary based on the chosen money transfer provider.


What's the best way to transfer money from Albania to Bosnia and Herzegovina?

With the global remittance market booming, there are so many choices for Albanian Lek to BAM money transfers. To make it even more complicated, new Fintech companies keep entering the space, making it harder for remitters to decide which company to choose to send money overseas.

Our money transfer comparison engine does all the hard work for you by searching and comparing numerous companies that specialize in foreign exchange transactions, and picking the best ones for sending money to Bosnia and Herzegovina from Albania. This way, you do not have to manually search and compare these companies which is very time consuming. All remittance companies on our platform are established, secure providers that our expert team has selected.

We also provide you with attractive deals and promotions from our partners; these offers help you further maximize the final BAM amount that your recipient gets. We, along with our partners, work hard to provide you with the best discounts and offers that you can use when you send money internationally.


How to get the best exchange rate for your money transfers from Albania to Bosnia and Herzegovina?

Foreign exchange rates are highly volatile, and it may seem difficult to decide the best timing for your next transfer to Bosnia and Herzegovina from Albania. Another added complexity is the multitude of choices at your disposal - ranging from your bank, to established operators like WesterUnion and Moneygram, to so many remittance startups and companies, to multi currency bank accounts. It would be ideal if there was an automated way to stay updated with the ever changing remittance landscape.

One way you could eliminate the manual work to search and compare providers for your ALL to Convertible Mark money transfers is by signing up for the RemitFinder daily rate alert. It is completely free; we do the hard work of comparing various remittance companies, and send you all the info you need.

We are also constantly adding new partners for the Albania to Bosnia and Herzegovina corridor to give you more good choices for your next BAM money transfer. This way you do not miss out on additional options to potentially save more.


What's the cheapest way to send money to Bosnia and Herzegovina from Albania?

While there are numerous ways to send money overseas, many come with steep fees and hidden charges that will make a big dent in your hard earned money. For example, if you send money from Albania to Bosnia and Herzegovina via a bank, you will typically get charged high wire transfer fees. Often, both the sender and the recipient have to pay high fees for bank wire transfers.

A sure way to find the most cost effective way for Albanian Lek to Convertible Mark remittances is to compare various foreign exchange operators out there. But, doing this manually is hard and time consuming. You may miss out on great rates from other providers that you may not even be aware of. This is especially relevant given the explosion of Fintech startups operating in the international money transfer arena.

Use RemitFinder to compare numerous remittance service providers in a single screen to easily see which companies are good at what and meet your selection criteria for getting the best Albania to Bosnia and Herzegovina exchange rate.

Another sure shot way to reduce your cost and maximize the return on your money is to take advantage of deals and discounts our partners provide to RemitFinder users like you. We are constantly adding new providers, so make sure to regularly check in to see which money transfer options are the cheapest for ALL to BAM remittances.


Should I use my bank to transfer money from Albania to Bosnia and Herzegovina?

There are two distinct ways that banks make money on international funds transfers. First, by charging steep transaction fees, and second, by providing a low ALL to BAM exchange rate. Sometimes, the actual transaction fee may not be that high, but the rate may be much lower, which essentially means a hidden fee as the cost of the transfer for you still goes up.

Since your obvious goal is to make the most of your hard earned money, you would want to ensure that the receiver of your money gets the maximum amount. One simple way to achieve this is by minimizing the fees on Albania to Bosnia and Herzegovina money you send. And, generally, you will not get low fees with banks. Hence, we recommend relying on our real time online money transfer comparison tool to ensure you can compare many options.

Most of the remittance companies today offer bank to bank transfers for sending money to Bosnia and Herzegovina from Albania. They do this by letting you fund your transaction through your local bank account in Albania, and by allowing you to choose the payout to be your recipient's bank account in Bosnia and Herzegovina. But, you are likely to get much better rates and lower fees compared to your bank.


How to send money from Albania to Bosnia and Herzegovina fast?

It could be a stressful experience if you need to rush money quickly from Albania to Bosnia and Herzegovina. How do you decide which option to pick to ensure your funds arrive at the destination in the fastest possible way?

First, you should ensure that you are picking the right payment method to convert ALL to BAM. Most remittance companies will allow you to pay by cash, with credit or debit cards, via a direct bank transfer, through a wire transfer, and so on. Digital payment methods like wire transfers and bank transfers will certainly delay your transaction as compared to cash payments.

Similarly, on the receiving side, your recipient also has multiple options to collect their monies in Convertible Mark. The payout choices generally include cash pickup, direct bank transfer, loading up a mobile wallet, and mobile airtime top up. If transaction speed is important, you could choose cash pickup if the receiver can access a close by pickup location. Just be aware that the exchange rate on cash transactions may not be the best, and there is risk in handling cash, especially for larger amounts. Otherwise, a mobile airtime top up or a bank deposit may be the next fastest possible ways unless there are bank holidays going on.

Foreign exchange transaction speed also depends on some additional factors like transfer amount, compliance and regulatory processes and vary from provider to provider. Check out our remittance guide to answer any questions you may have on how remittances work in general, and what factors affect the speed of your Albania to Bosnia and Herzegovina money transfers.


Which are the best money transfer companies to transfer money to Bosnia and Herzegovina from Albania?

Since the Albanian Lek to Convertible Mark money transfer ecosystem has so many players in it, selecting the right company might not be that simple. You have so many to choose from - established organizations like Western Union and MoneyGram to multi currency bank accounts to up and coming Fintech companies. Then, there is always your local bank in Albania that may also be able to send money to Bosnia and Herzegovina. With all these possibilities staring at you, it can be difficult to pick the company to give your business to.

The RemitFinder remittance engine will certainly help you to chart a path forward. Once you have selected your source and destination countries, we compare numerous companies to present you with an easy to digest comparison table. Here, you can easily see which companies meet your unique needs.

To further decrease the cost of your ALL to BAM money transfers, we also source exclusive coupons and promotions from various remittance providers. This will increase the final amount your recipient in Bosnia and Herzegovina gets, so make sure to factor in deals as a part of your decision making process to select the best provider for your next Albania to Bosnia and Herzegovina transaction.


Step by step guide to send money to Bosnia and Herzegovina from Albania

There are many important aspects of Albania to Bosnia and Herzegovina remittances that will impact the yield you get. The most important one is the selection of the best money transfer company. For this, you can rely on RemitFinder's expertise in searching and comparing many global companies to present you many options in one simple, easy to understand view.

Once you have honed down on the company you want to go with, the below step by step tutorial will help you execute your transfer in an effective manner.

  • Step 1 - Create your account with the chosen remittance company. Please be aware that you will likely be asked for identification documents and personal information. This is an important step for the company to ensure that you are a genuine person and ensure you comply with various legal regulations like anti money laundering.
  • Step 2 - Provision the manner in which you will fund your remittance transaction. The forex company may accept payment in multiple ways - Albania bank account, credit and debit cards, and sometimes even cash that you can pay with by walking into a branch or outlet.
  • Step 3 - Similar to the previous step, also provision the manner in which the receiver will access the funds. The most common delivery methods include BAM bank deposit, cash pick up in a physical provider location or agent's office, mobile wallet credit and mobile airtime popup.
  • Step 4 - Provision recipient details including name and address.
  • Step 5 - Decide how much Albanian Lek amount you want to send from Albania.
  • Step 6 - Optionally, check if there are any deals or promotions going on. You can rely on RemitFinder to provide you this information. Discounts help you save even more, so be sure to use one if available.
  • Step 7 - Validate all the information for accuracy and start your transaction.

From this point on, the remittance company will keep you posted on the progress of your transaction. Be sure to check with your recipient in Bosnia and Herzegovina to validate that they get the money once the transaction clears.