How to send money to Moldova
Discover how to send money to Moldova at the most competitive cost with these 4 steps
1. Check the MDL interbank exchange rate against your sending currency
Even though the evolution of the exchange rate is uncertain, it can help you save money to follow it so that you can optimize how many you (or your recipient) receives after the currency exchange. Keep track of the Moldovan leu rate and convert your money when the rate is at its highest level of the past days.
2. Compare 7 money transfer companies available to send money to Moldova in order to select the best option.
Monito's comparison engine lists quite a few providers to transfer money to Moldova, such as TransferWise, Western Union, MoneyGram, Xendpay, Azimo. Get the most of your transfer by comparing all your options to find the best option for your transfer.
3. Pick the best service with your own criteria
Search for the provider with the best price, the shortest transfer time, highest score among customer reviews, or a good compromise.
It is also important to have a look at the pay-in/out methods. Customers often have the possibility to transfer the money by bank transfer or by credit or debit cards. At the other end, in Moldova, you often have to decide if you want the amount in MDL to be sent directly to the recipient's bank account or available for pick-up in cash at an agent location.
4. Sign up and get started wih your money transfer to Moldova with the provider of your choice
It is now time to register on the provider's website (you usually have to provide information to confirm your identity), and provide the details of your transfer.