Expat Money Transfer Romania 2024

If you are planning to send funds overseas, you may want to consider setting up an expat Romanian bank account. This way, expats can receive their salary monthly, make rent payments, and facilitate larger transfers in and to Romania. There are many money transfer services that offer expat Romanian bank account accounts and online wallets, that allows expats to hold foreign currency and base currency online. Most Romanian banks also offer free international payments, and expats can manage their money online through the main websites of expat money transfer service and apps in Romania. If you are not sure which Romanian bank is best for you, we list some money transfer services that offer money services to Romanian expats to and from Romania.

If you are a expat transferring money from your home country, you should consider using an expat money transfer service in Romania that is regulated by Romanian financial regulators. Money transfer apps in Romania are one of the fastest and easiest ways to transfer Romanian expat money internationally.

Expat Money Transfer Romania (Updated 2024) Table of Contents

  1. Visit XE Money Transfer alternative XE Money Transfer Visit XE Money Transfer

    Used By: 280000000
    Currencies Available: 76
    Transfer Fees: none
    Payment Methods: Bank transfer, credit card, debit card
    iOS App : yes, Android App : yes

    LiveChat:
    Min Transfer: US$1.00
    Max Transfer: US$500,000.00 (or equivalent)
    Year Founded: 1993

  2. Visit XE Money Transfer alternative Wise Multi-Currency Account Visit Wise Multi-Currency Account

    Used By: 11000000
    Currencies Available: 54
    Transfer Fees: 0.5%-1%
    Payment Methods: Bank transfer, debit card, credit card, SOFORT transfer
    iOS App : yes, Android App : yes

    LiveChat:
    Min Transfer: 1 USD
    Max Transfer: 1000000 USD/transaction/day (personal), 3000000 USD/transaction/day (business)
    Year Founded: 2011

  3. Visit XE Money Transfer alternative Remitly Visit Remitly

    Used By: 3000000
    Currencies Available: 63
    Transfer Fees: 0-3.99$
    Payment Methods: Bank transfer, credit/debit card
    iOS App : yes, Android App : yes

    LiveChat:
    Min Transfer: US$1.00
    Max Transfer: US$20,000.00
    Year Founded: 2011

  4. Visit XE Money Transfer alternative Wise Business Visit Wise Business

    Used By: 11000000
    Currencies Available: 55
    Transfer Fees: 0.5%-1%
    Payment Methods: Bank transfer, debit card, credit card, SOFORT transfer
    iOS App : yes, Android App : yes

    LiveChat:
    Min Transfer: 1 USD
    Max Transfer: 1000000 USD/transaction/day (personal), 3000000 USD/transaction/day (business)
    Year Founded: 2011

  5. Visit XE Money Transfer alternative Wise Visit Wise

    Used By: 11000000
    Currencies Available: 54
    Transfer Fees: 0.5%-1%
    Payment Methods: Bank transfer, debit card, credit card, SOFORT transfer
    iOS App : yes, Android App : yes

    LiveChat:
    Min Transfer: US$1.00
    Max Transfer: US$1,000,000 (varies based on currency)
    Year Founded: 2011

  6. Visit XE Money Transfer alternative CurrencyFair Visit CurrencyFair

    Used By: 150,000
    Currencies Available: 17
    Transfer Fees: 0.45%
    Payment Methods: Bank transfer, debit card
    iOS App : yes, Android App : yes

    LiveChat: yes
    Min Transfer: £5.00 (or equivalent)
    Max Transfer: £10,000,000.00 (or equivalent)
    Year Founded: 2009

  7. Visit XE Money Transfer alternative InstaReM Visit InstaReM

    Used By: 130000000
    Currencies Available: 11
    Transfer Fees: 0%-1%
    Payment Methods: bank transfer, POLi payment (Australia), debit card (EU residents), ACH Pull (US residents), FPX (Malaysian residents)
    iOS App : yes, Android App : yes

    LiveChat: yes
    Min Transfer: $1 (minimum sending amounts could differ based on certain currency pairs)
    Max Transfer: No limit (different countries have regulatory limits on outward and inward flow of remittances originating from or to the country)
    Year Founded: 2014

  8. Visit XE Money Transfer alternative MoneyGram US Visit MoneyGram US

    Used By: 150000000
    Currencies Available: 46
    Transfer Fees: 0-1.99$
    Payment Methods: pay by card or directly from your bank account
    iOS App : yes, Android App : yes

    LiveChat:
    Min Transfer: none
    Max Transfer: 3000 USD
    Year Founded: 1940

  9. Visit XE Money Transfer alternative Xoom Visit Xoom

    Used By: 250000000
    Currencies Available: 4
    Transfer Fees: 0$-40$
    Payment Methods: Bank transfer, debit/credit card, PayPal balance
    iOS App : yes, Android App : yes

    LiveChat: yes
    Min Transfer: US$10.00
    Max Transfer: 2999 USD/day, 6000 USD/month, 9999 USD/3 months
    Year Founded: 2001

  10. Visit XE Money Transfer alternative Skrill Visit Skrill

    Used By: 120,000
    Currencies Available: 33
    Transfer Fees: none
    Payment Methods: Cash, bank transfer, debit card, credit card, e-wallet, cryptocurrency (depending on country)
    iOS App : yes, Android App : yes

    LiveChat: yes
    Min Transfer: US$1.00 (varies based on certain currencies)
    Max Transfer: US$2,500.00 / day (weekly and monthly limites also apply)
    Year Founded: 2001

  11. Visit XE Money Transfer alternative Scotiabank Visit Scotiabank

    Used By: 25,000,000
    Currencies Available: 23
    Transfer Fees: none
    Payment Methods: Bank transfer, debit card, credit card, apple pay, google pay, Scotiabank Saddletone gift cards
    iOS App : yes, Android App : yes

    LiveChat: yes
    Min Transfer: none
    Max Transfer: 10000 USD
    Year Founded: 1832

  12. Visit XE Money Transfer alternative OFX Visit OFX

    Used By: 1000000
    Currencies Available: 54
    Transfer Fees: 15 AUD below 10k AUD
    Payment Methods: ETF, BPAY (Australia), Direct debits
    iOS App : yes, Android App : yes

    LiveChat: yes
    Min Transfer: 1000 USD
    Max Transfer: none
    Year Founded: 1998

  13. Visit XE Money Transfer alternative Credit Suisse Visit Credit Suisse

    Used By: 1000000
    Currencies Available: 1
    Transfer Fees: none
    Payment Methods: eBill, QR-bill, standing orders, payment orders, online & mobile banking, direct debit, multi-payment orders, bank transfer, debit card, credit card
    iOS App : yes, Android App : yes

    LiveChat: yes
    Min Transfer: none
    Max Transfer: none
    Year Founded: 1856

  14. Visit XE Money Transfer alternative Western Union Visit Western Union

    Used By: 15000000
    Currencies Available: 38
    Transfer Fees: up to 3%
    Payment Methods: Cash, bank transfer, debit card, credit card (varies from country)
    iOS App : yes, Android App : yes

    LiveChat:
    Min Transfer: $1.00
    Max Transfer: $10,000.00 (varies)
    Year Founded: 1851

  15. Visit XE Money Transfer alternative TransferGo Visit TransferGo

    Used By: 2,500,000
    Currencies Available: 39
    Transfer Fees: 0.5%-1.5%
    Payment Methods: Bank transfer, debit card, credit card
    iOS App : yes, Android App : yes

    LiveChat: yes
    Min Transfer: 1.5 GBP
    Max Transfer: 1000000 GBP
    Year Founded: 2012

  16. Visit XE Money Transfer alternative Moneycorp Visit Moneycorp

    Used By: 15000000
    Currencies Available: 161
    Transfer Fees: none
    Payment Methods: debit card via our online platform or a wire transfer, cash
    iOS App : yes, Android App : yes

    LiveChat:
    Min Transfer: 50 USD/GBP/EUR
    Max Transfer: none
    Year Founded: 1962

  17. Visit XE Money Transfer alternative Currencies Direct Visit Currencies Direct

    Used By: 325,000
    Currencies Available: 22
    Transfer Fees: none
    Payment Methods: Bank transfer, debit card
    iOS App : yes, Android App : yes

    LiveChat: yes
    Min Transfer: none
    Max Transfer: 25000 GBP
    Year Founded: 1995

What Is A Wire transfer in Romania?

A wire transfer in Romania is an electronic method of sending money to and from Romanian bank accounts. It is quick and secure. It requires the recipient to have specific information, such as their account number. The amount of the transfer for example is required. These details are then passed between Romanian and international banks, which is why this method of sending money is known as a wire transfer in Romania. Expats can initiate a wire transfer in Romania in a variety of ways, including online using a expat money transfers service in Romania or through a branch.

Despite their convenience, wire transfers in Romania can be costly for expats, if done improperly. Although these transfers are safe, the recipient's Romanian bank or financial institution can recoup some of its costs. In addition, wire transfers in Romania can be a bit risky if the recipient's Romanian bank details are not correct. expats can send the money to the wrong account or even deceive the recipient. To protect yourself against these risks, expats should gather all the necessary information in advance. For example, expats should have all of the recipient's account numbers, detailed contact information and the date on which you are submitting the payment to or from Romania.

Finding The Best International Money Transfer Provider in Romania

The process of sending money overseas for Romanian expats is a simple one. You have to secure the best possible conversion rate while avoiding transaction fees and finding the best money transfer deal in Romania. To avoid the hassle and waste of time, here are some tips to finding the best international money transfer provider for expats in Romania. Remember that the fastest money transfers in Romania will cost more, so make sure to choose a slower option if time is not an issue. Regardless of the reason for your transfer, Romanian expats can save money with a top-rated international money transfer provider.

Many online money transfer providers in Romania will actively help expats send money abroad. Using the internet has made it easier than ever. These money transfer companies in Romania provide expats the best prices and have a lot of experience with international payments and the RON. And while these services might cost a little more than Romania banks, they are often more affordable and offer hassle-free transfers in Romania. If you need to send money overseas, it is important to find a specialist Romanian expat money service that offers excellent rates and a hassle-free experience.

Best Way To Transfer Money Abroad From Romania?

If you plan to send money abroad from Romania, you may be wondering what is the best way to do it. Well, it all depends on your needs. Basically, you will need to know how much money you want to send and how fast you can transfer it from Romania. You can get your IBAN from your Romania bank or online account. Besides IBAN, you will also need your SWIFT/BIC codes. You can find these codes on your Romanian bank statements or by calling your financial institution in Romania.

Although Romania banks are considered to be safest places to transfer money in Romania, there are many other options available to expats. Another factor for Romanian expats to consider is payment options. You must check whether the provider accepts Romanian bank transfers, ACH, and credit/debit card payments. Some expat money transfer providers in Romania offer payment options specific to the country you are in, such as POLi or direct to Romania bank deposits. Some expat money transfer services in Romania also offer mobile transfers and cash pickups. Although cash pickups are preferred for smaller amounts in Romania, the best way to transfer money abroad is to use a service that offers a variety of payment methods for expats.

A thing for Romanian expats to take note of is some international Romania banks will refuse to accept payments from some money transfer apps online. Additionally, some expat money transfer companies in Romania can offer a limited customer support system, so expats will need to rely on online chat or email. Expats must make sure they only use regulated established money services as some of the unregulated money transfers services may take longer to locate stray funds than established Romania banks.

Domestic Wire transfers in Romania

Because domestic wire transfers in Romania are made through Romania banks, they can be completed the same day, but they do have a processing time which expats should be aware of. Some Romania banks have cut-off times for same-day wire transfers in Romania. If you initiate the wire after the cut-off time, the transfer may take a day or two. In either case, you should plan to allow enough time for the transfer to clear. Domestic wire transfers in Romania are also easy to trace. Once you have identified the recipient, you can proceed with the payment.

If you are thinking about sending money to a foreign account, there are many options to consider in Romania. While direct deposit is often the most convenient method for regular expat payments, wire transfers in Romania are more convenient for one-time payments. You can initiate a wire transfer in Romania from several different locations, including a Romania bank branch, phone, or online.

International Wire transfers in Romania

When sending and receiving money internationally, International Wire transfers in Romania are a convenient way to make payments without having to pay fees and exchange rates. If you use a reputable Romania bank and have the correct recipient information, this process is very safe. One of the major benefits of wire transfers in Romania is the speed and security of the process. Because the money is not held by a Romania bank, it arrives quickly, often within 1-2 business days. Traditional methods of sending money for expats include cash, check, Romania bank draft, and money order. These methods are time-consuming for expats and may not be the most convenient or secure option for international wire transfers in Romania. The advantage of wire transfers in Romania is that they are safe, fast and can eliminate delays caused by the postal service, Romania bank hold, and check clearing issues.

Before transferring money overseas, most expats look up exchange rates. However, Romania banks markup their rates, using mid-market rates that are found through financial news services or search engines. This means they can charge four to six percent more than an expat would pay if you used a specialized money transfer service in Romania.

How To Initiate A Wire transfer in Romania Online?

Before you can initiate a wire transfer in Romania online, you must determine which service you will use. If you already have an account with a particular financial institution, transferring money from there would be a cinch. Romania banks set limits on how much money can be transferred each day, and Romanian expats can complete the transfer online or in-person at a branch. Non-Romania bank wire transfer in Romania providers can help you complete the transfer with a credit card or debit card.

A wire transfer in Romania is an electronic payment that allows you to send money to another Romania bank account overseas. The funds will leave the account immediately after the expat initiates the transfer to or from Romania. There are several options for this type of transfer, so be sure to carefully consider your preferences. The best way to transfer money is to make use of a reliable money transfer service in Romania.

How Much Money Can You Send Via Wire transfer in Romania?

In general, wire transfers in Romania are more expensive than other methods. When sending large sums of money, including international transactions, wire transfers in Romania are a good option. A wire transfer in Romania usually costs a flat fee of around 30 for domestic transfers, while an international wire transfer in Romania costs 50 or more. However, the recipient will also have to pay a fee of around 20 for receiving the money. Some Romania banks have other fees, such as those associated with intermediary Romania banks. Check with the provider to find out what their exact fees are before you send money.

Domestic wire transfers in Romania require the recipient's name, account number, and routing number. You can initiate them online or in person at a Romania bank branch. While wire transfers in Romania are fast and easy, they do cost a small fee, and Romania banks often have deadlines. Before sending money via wire transfer in Romania, it is important to check if the recipient has received it. International wire transfers in Romania, on the other hand, can only be canceled 30 minutes after they are initiated. Once you have checked for a Romania bank's policy, you can proceed.

How Much Are Wire transfer in Romania Fees?

Domestic wire transfers in Romania tend to be cheaper than international transfers, as the amount of processing is much smaller. However, international transfers are more expensive since they typically involve several different Romania banking systems and operators. Some Romania banks offer savings for recurring wire transfers in Romania, such as from one account to another. Others charge a fee if you initiate wire transfers in Romania in a branch or by phone.

Using online Romania banking services to send money is a good way to avoid these fees. While domestic wire transfers in Romania are free, international wire transfers in Romania go through several intermediary Romania banks and incur additional fees. You should also check whether your Romania bank offers any discount programs or waivers to lower the fees. Check out the fee schedule and compare the fees before making a wire transfer in Romania. The lower the fee, the better. Expats should make sure to choose the option that works best for your needs. If it is still too high, consider other expat money transfer options in Romania.

International Money Transfers Through A Romania bank

If you would rather avoid dealing with international currency exchange services in Romania, you can set up international transfers through your Romania bank. Many Romania banks offer online services that allow expats to complete the entire process from the comfort of your home. You can also visit your local Romania bank to make the transfer. You can also make international transfers through a Romania bank that specializes in sending money overseas.

Before making your international money transfer, consider the exchange rate of the . This is the value of the currency versus another currency. This rate usually includes the Romania bank's fees for the service, and sometimes there is a small difference in the exchange rate between different Romania banks. Even a slight difference in exchange rate can affect the cost of sending large amounts of money overseas for Romanian expats. To avoid paying for exchange rates, compare prices on different platforms and Romania banks.

Sending Money Via Wire transfer in Romania Or Money Operators

Before you can send money via wire transfer in Romania or expat money operators in Romania, you must determine which type of service you want to use. If you already have an account with a specific financial institution, a Romania bank is an obvious choice. Romania bank wire transfer in Romania policies may allow you to wire money online or at a branch. For non-Romania bank users, however, there are wire transfer in Romania providers that will allow you to send money using your credit card, debit card or Romania bank account.

There are several benefits to wire transfers in Romania. First, they allow you to send money to people in different countries. This method is fast, secure, and convenient, and you won't need to depend on postal services to send money. The other big benefit of using wire transfer in Romania is its low cost. Many small businesses use wire transfers in Romania to send money to clients and employees around the world. This option is also ideal if you need to send money quickly.

International Money Transfers With Online Transfer Providers in Romania

There are many advantages to international money transfers in Romania with online transfer providers, and these are just some of them. Some of them offer zero fees, same-day transfers and local support. Others charge you fees for their services. One of the advantages of using a foreign broker in Romania is that the exchange rate is fixed. This can be helpful when making a large transfer on a volatile date. You can also lock in a certain exchange rate. A foreign broker in Romania will alert you when the rate reaches that level.

There are a few things to keep in mind before choosing a transfer provider in Romania. Some of them charge a fee for their services in Romania, but it is usually the person who receives the money who pays these fees. That means that expats should check if these fees are included in the final cost of their Romania money transfer. If not, you may want to choose another money transfer company in Romania. However, it is important to remember that the exchange rate is an important factor when deciding on an international money transfer to and from Romania.

How Do International Money Transfers Work in Romania?

When sending money overseas, the expat wishing to send the money typically goes online or to a Romania bank. There, it gives the Romania bank an order for the money transfer, usually by giving the Romania bank an IBAN code or BIC code. This Romania bank will then transmit a message via a secure system to the receiving Romania bank. In order to complete the transfer, the sending Romania bank will need the details of the recipient, including the amount to be transferred. Depending on the Romania bank, the process may take several hours or even a few days.

While there are many reasons to send money overseas, the most important factor is timing. International money transfers can take several days to complete, so requesting a transfer in the middle of the week will give you enough time before the weekend. Some money transfer service in Romanias will also convert to the currency, which will add additional time to the processing time. Some Romania banks will transfer the money directly into the recipient's account, while others will require the recipient to open a Romania bank account.

Sending Money Using A Foreign Exchange Broker in Romania

Expats should choose a currency broker in Romania based on your preferences. Expats can find comparison sites online to help you choose a foreign exchange broker in Romania based on their preferences. Some money services offer expats additional money exchange tools and services that can money transfer easier in Romania. If you are sending a large amount of money to a foreign country, a currency broker in Romania can protect you from the risk of currency fluctuations and stabilize regular expat payments in Romania. Expats will save money and time by using a foreign exchange broker in Romania, so make sure to compare all the available options before choosing a foreign exchange broker in Romania.

When choosing a foreign exchange broker Romania, you should make sure to compare the fees and features of each company that services Romania. Most foreign exchange brokers Romania will not charge any fees for sending money, although they might have minimum withdrawal amounts. Another important factor to consider is the customer support in Romania, service levels, and availability of the money transfer service in Romania. If you plan to send money overseas, expats will want to choose a money provider in Romania that offers customer service around the clock.

The Best Way To Transfer Money Internationally in Romania?

When sending money overseas from Romania, using a specialist money transfer service in Romania is often the best choice. These services adhere to the highest security standards and adhere to the strictest regulations and laws of the country you're sending to. Though specialist providers in Romania may offer slightly lower exchange rates, they often charge a service fee, commission, or percentage-based fee. Check the fees of each provider before sending money abroad to or from Romania. Expats should also compare the payout amounts in RON before committing to a particular provider.

One of the most important considerations for international funds transfers in Romania is the amount of money being transferred. While there are many companies offering small amounts of money transfers in Romania, larger transfers might require a company that specializes in large business transfers for expats in Romania. The Romania banks usually charge exorbitant fees for large transfers. It is therefore best to shop around for the best rates of sending and recieving RON. Once you have figured out the amount you wish to send to or from Romania, choose a method that best fits your needs.

How Much Money Can Be Transferred From Abroad in Romania?

The maximum amount Romanian expats can send abroad depends on the country you are sending to, the money transfer operator, and the currency. While most major currencies can be transferred internationally without restriction, some smaller or regulated currencies may be restricted due to government regulation in Romania. When sending money abroad form Romania, be sure to always check the exchange rate of the currency. The exchange rate in Romania is very volatile and can make a large difference in the total amount of money you receive. Be sure to protect your investment with a foreign currency fund. If you cannot make it to your new home, you may want to consider a forward contract instead. Forward contracts in Romania lock in the current exchange rate for up to two years, which can give expats peace of mind.

How To Transfer A Large Amount Of Money in Romania

Depending on the amount of money, you may need to provide additional information to complete the transaction. You may need the recipient's full name, Romania bank account number, and other personal details. If the money is large, you might need to send the receiver an IBAN, an international Romania bank account number, which begins with a country code. While Canadian Romania banks do not currently use IBAN's, they do use BIC and SWIFT codes to facilitate transfers.

Wire transfers in Romania are another common way to transfer large amounts of money. They are an electronic means of sending money to another account, and they are popular for urgent transfers. Domestic wire transfers in Romania are processed the same day, while international transfers can take just a few days to complete. Wire transfers in Romania also tend to have high limits, but this is dependent on the money transfer provider in Romania. They are often used for invoices, sending funds to family members and real estate transactions to and from Romania.

Which Romanian Money Service Is Best For International Transfers?

XE Money Transfer is a Romania money transfer service that offers competitive money transfer services to expats. XE Money Transfer offers expats low RON exchange rates and can be setup online or through a mobile device. It is also free to sign up for an account, and the setup process is quick and easy. If you are sending money to someone else, you may need to make sure that you know the recipient.

A specialist currency exchange provider can get expats the best deal on transferring money internationally to and from Romania. While most Romania banks charge a fixed fee, some charge a percentage of the amount transferred by expats. It is important to keep this in mind because you do not want to overpay for a Romanian transfer that will get rejected. The Romania bank should also offer a fee for processing the payment. However, these fees may be refundable if the recipient of the money decides to accept the money.

How Much Money Can Romanian Expats Transfer Internationally Without Paying Taxes?

Romania banks and money transfer companies have different reporting thresholds, but any cash transaction greater than 10k RON must be reported to the Internal Revenue Service. While these thresholds are relatively low, they still mean that individuals need to file their taxes if they receive more than 10k RON in cash. Luckily, most money transfer companies have lower thresholds than Romania banks. You can use the table below to compare the different options available. You can also compare fees and transfer speeds to make the best choice for your needs.

To avoid taxing the transfer of money in Romania, make sure to check with the recipient's country tax laws. Different countries have different reporting requirements for overseas transfers. You may be able to send money to a family member in another country without paying taxes if your recipients have tax residency in Romania. However, you must remember that tax laws apply to money transfers made from abroad. Depending on your citizenship, you may have to report foreign income or gift.

Benefits Of Using Foreign Exchange Providers in Romania

If you are thinking about transferring money from one currency to another, you may want to consider the benefits of using a foreign exchange provider in Romania. For one, you can set a limit order for the minimum rate you are willing to accept for the transfer. This is particularly useful if you are planning to send large sums of money on unstable dates in Romania.

When transferring money to different countries, you should use a foreign exchange provider rather than a Romania bank. FX providers will often offer better exchange rates and lower fees than Romania banks, and you will likely save a significant amount of money. Many online FX brokers have calculators on their websites that will give you an estimate of the total costs and exchange rate before you complete your transaction.

Foreign Currency Tools To Help With Money Transfers in Romania

Whether you are planning a holiday or making a quick transfer to another country as an expat, the right foreign currency tools can make your money transfer easier and more convenient in Romania. To begin, you should know the exchange rates of the country you are visiting. A currency conversion calculator in Romania can help you decide whether a particular exchange rate is right for your needs.

A currency broker in Romania can also help you with your transfers by offering additional services and exchange tools. You can search for a broker on a currency broker in Romania comparison site and select a provider in Romania with the right services and exchange rates for you. With a currency broker in Romania, you will be able to protect your money transfers from currency risk. You can also use their services to stabilize your expat regular payments. Regardless of your situation, currency brokers can help you find the right foreign exchange provider for your transfer.

How Exchange Rates Affect International Money Transfers in Romania

When it comes to international money transfers in Romania, the RON exchange rate can make or break the transaction. The rate is based on the value of a currency and is usually lower in unstable economies in Romania. As the value of a currency declines, so does its exchange rate in Romania. In addition, currencies are affected by a variety of factors, including inflation, interest rates and the national debt of a country.

Currency value fluctuates daily in Romania, and when you are sending money overseas, you want to pay a low rate. While a low exchange rate in Romania is good for you when sending money overseas, a high rate will benefit expats when selling your currency abroad. Finally, the RON exchange rate is important for large transfers. Expats want to send as much money as possible and avoid paying a high RON exchange rate. A low exchange rate in Romania means that your money will be worth less in another country. Therefore, a low RON exchange rate will only make the recipient receive less money.

Exchange Currency Without Paying Huge Fees

The easiest way to exchange currency without paying enormous fees is to exchange it with a online money transfer service in Romania or a bank. Some Romania banks charge low fees for currency exchange. Some banks in Romania allow expats to pickup exchanged money in person from a bank branch in Romania. Before you make the trip, check the current RON exchange rates online or call your Romania bank or money transfer service. It is important to compare RON exchange rates and fees of various Romania banks and money transfer services.

Romania banks use the current RON exchange rate and will charge you a fee for foreign transactions to expats, but many Romania banks waive these fees for their larger expat customers in Romania. Expats may avoid paying outrageous exchange fees by using a debit or credit card that has no foreign transaction fees. By doing this, Romanian expats can save up to five percent when making purchases abroad. If you have more than one credit or debit card, you should opt for a credit card with no foreign transaction fee for sending and recieving money in Romania.

Things To Consider Before Making International Money Transfers in Romania

Before making international money transfers, you should consider a few things. First, you should know the exchange rate of the currencies you plan to transfer. Many Romania banks charge excessive exchange rates, but new laws have made that illegal in Romania. So you can make international transfers at a more competitive rate. Ensure the currency of the recipient country is accepted by both you and your payee. If the recipient country does not have a Romania bank account in the country of the sender, consider sending money through an international money transfer service in Romania. International wire transfers in Romania are useful for people without Romania bank accounts or for remote areas that need cash fast. Depending on the amount, this method may be a more expensive option. The recipient will be required to provide his or her Romania bank account information.

Checking the exchange rate in Romania is a crucial part of the international money transfer process. Most international transfers are completed within the same day. Before initiating the transfer in Romania, be sure to carefully read the terms and conditions to avoid any unpleasant surprises. Make sure to choose an institution with a good track record and strong security measures. It is important to avoid any fees if you are sending money abroad in Romania. If you are unsure, ask your recipient about any hidden charges before making the transfer.

Best Romania Money Tranfer Apps Reviews

We list reviews for the best money transfer services for sending money to Romania you can check out some of the best Romania money services below.

Expat Money Transfer Romania Alternatives Guides

If you would like to see XE Money Transfer compared against some of the best XE Money Transfer alternative Romania money tranfer services available right now you can do so by clicking on the links below.