How to send money to Moldova
Learn how to transfer money to Moldova with the best providers in a few easy steps
1. See if the MDL mid-market rate is in your favor
Although the evolution of the exchange rate is uncertain, it can help you save money to monitor it so that you can optimize how many the recipient of your transfer will receive. You should use exchange rate email alerts to keep track the MDL mid-market's evolution.
2. Find the optimal deal by comparing the 7 available companies.
Monito's comparison engine lists many providers able to send money to Moldova, such as TransferWise, Western Union, MoneyGram, Xendpay, WorldRemit. Get the most of your transfer by comparing them all and go with the best one for your upcoming transfer.
3. Select the best money transfer company for your needs
Search for the provider with the best rates and lowest fees, the shortest transfer time, highest ratings, or a good combination of the three.
You may also want to have a look at the pay-in and pay-out methods. Most of the time you'll have money transfer companies offering to you the option to transfer the money directly from your bank account, others will also give you the option to pay by debit and credit cards. To receive the money in Moldova, you often have to decide if you want the money to be sent directly to the recipient's bank account or received in cash (from an agent location).
4. Sign up and get started wih your money transfer with the money transfer provider you selected
Now is the time to sign up on the money transfer provider's website (you normally have to provide documents to confirm your identity), and provide the details of your money transfer to Moldova.