Where to exchange money in Kotor
Are you heading to Kotor? You will want to ensure you are aware of the local currency and how to obtain it. In addition, you may want to keep track of the current exchange rates and where to change your money to the local currency without getting ripped off.
We will give you a list of the best currency exchanges in Kotor that you can visit in person.
There is also a digital alternative to consider by using Wise. This could save you both time and money.
Where to exchange money in Kotor
Are you heading to Kotor? You will want to ensure you are aware of the local currency and how to obtain it. In addition, you may want to keep track of the current exchange rates and where to change your money to the local currency without getting ripped off.
We will give you a list of the best currency exchanges in Kotor that you can visit in person.
There is also a digital alternative to consider by using Wise. This could save you both time and money.
Spend abroad without hidden fees
Currency exchanges in Kotor
We are aware that there can be times when you need to have some local currency on hand, so avoiding currency exchanges altogether isn't always possible. We have provided a list of currency exchanges you can find in Kotor below.
Don't forget to refresh yourself on the advice in this article to help get the most out of your cash whilst abroad.
| Money Changer | Address | Contact Information |
|---|---|---|
| Lovćen banka AD / Filijala Kotor / Bankomat / ATM | Tabačina 10, Dobrota 85330, Montenegro | +382 20 205 410 |
| CKB Banka | Trg od Oružja, Kotor 85330, Montenegro | +382 32 304 008 |
| Podgorička banka - TC Kamelija | Trg Mata Petrovića, Shopping Centar Kamelija, Kotor 85330, Montenegro | +382 32 335 227 |
| MoneyGram | 31 Njegoševa, Herceg - Novi 85340, Montenegro | +382 31 353 307 |
| NLB Banka AD Podgorica | bb Trg od Oružja, Kotor 85330, Montenegro | +382 20 402 000 |
| EXPERIENCE TIVAT | 18 Palih Boraca, Tivat, Montenegro | +382 68 015 637 |
| Hipotekarna Banka | CQHC+447, Dobrota, Montenegro | +382 20 219 905 |
Notice anything wrong with our results table? Let us know - If there is a genuine mistake, we will do our best to resolve it.
Euro rate today
First off, in case you’re wondering something along the lines of “does Montenegro use Euro?”, the answer is yes. The currency in Kotor — and the rest of Montenegro— is Euro
You can also find it written as EUR in currency exchange shops.
What you should know about exchanging money in Kotor
When exchanging money in Kotor or any foreign city, it's important to be aware how to get the best deals and avoid excessive charges and hidden fees. If you are planning on staying in Montenegro long-term or looking to make a larger investment you could consider opening a local bank account. Otherwise, use the tips below to help avoid getting overcharged.
1. Be wary of 'zero fee' services
Some services claiming 'no commission' often offer poor exchange rates. These may not reflect the mid-market rate, similar to what you'd see when checking the rate on Google. This can lead to higher costs for you and more profits for them.
2. Research the exchange rate
Check what the current exchange rate is so it's easier to spot a bad deal from currency exchanges.
3. Avoid exchanging money at airports or hotels
It may be highly convenient, but airports and hotels will almost always offer poor rates and high transaction fees. Avoid this where possible.
4. Use ATMs strategically
Check if your local bank has partnerships in Montenegro banks to avoid unwanted ATM fees. It's becoming less of a requirement, but it can be good to inform your bank before traveling too.
5. Pick local currency on ATMs and card payments
When using an ATM abroad, choose to be charged in Euros for a fairer rate and fees. The same applies if you get the option on card machines.
Money exchange at the tip of your fingers
Out with carrying only cash when you're abroad. The world has gone digital and so can you.
With a Wise account you can exchange currency at any time, almost everywhere in the world.
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Other currency exchanges
Bottom line
As you can see, there’s no shortage of options when it comes to exchanging money in Kotor. Don't forget to do your research on the exchange rate before converting your money, and check Wise out if you want a fuss-free alternative to exchanging cash.
Please see terms of use and product availability for your region or visit Wise fees and pricing for the most up to date pricing and fee information.
This publication is provided for general information purposes and does not constitute legal, tax or other professional advice from Wise Payments Limited or its subsidiaries and its affiliates, and it is not intended as a substitute for obtaining advice from a financial advisor or any other professional.
We make no representations, warranties or guarantees, whether expressed or implied, that the content in the publication is accurate, complete or up to date.