Swiss Made

Find the best providers to send money to Romania

How to send money to Romania

Learn how to make a money transfer to Romania at the best rate in four easy steps

1. Check the RON exchange rate against your own currency

Making your transfer on the right day can help you save money. You can use smart alerts to track the RON mid-market's evolution.

2. Select the best deal by comparing all money transfer companies.

Monito's comparison engine lists 30 services to make money transfers to Romania, such as HiFX, Azimo, TransferWise, WorldRemit, TransferGo. Save money by comparing them all and select the best one for your upcoming money transfer.

3. Pick the best money transfer company for your specific needs

Do you want to send money to Romania with the best exchange rate and lowest fees, with the fastest provider or with the top rated company?

In addition, it is important to pay attention to the payment solution and pay-out options. Providers often give you the choice to pay by sending the money from your e-banking or by cards (credit or debit). In Romania, you often have to decide if you want the money to be deposited on a local bank account or received in cash (from an agent location).

4. Sign up and start your transaction with the provider of your choice

Go to the money transfer provider's homepage to register - be aware you will often need to give a copy of your ID and/or a proof of adress - and get started with your transaction.

Depending on the definitions, we are between 4 and 12 million Romanians living outside Romania. The largest Romanian Diaspora is in Italy, followed by Spain, Germany and the United States.

Many of us still have family, friends or businesses in Romania which means we regularly send money back to Romania. Comparing which providers will give you the best rates to exchange your money into Leu (RON) and offer the lowest fees can help you save a lot of on your next money transfer. Use the above form to find which solution is the best for you.

Best rated providers to send money to Romania

Which provider should you use for transferring money to Romania?

Thankfully, gone are the days when the only options to send money to Romania were an expensive bank transfer (banks take huge margin on the exchange rates) or an equally expensive cash transfers via an old-fashioned money transfer branch.

There are now a lot of solutions to send money to Romania, whether you need the money to arrive on a bank account, in cash or on a mobile wallet. The cheapest solution will be to use one of the online providers offering low-cost transfers to bank accounts in Romania. Companies like TransferGo or TransferWise (website not available in romanian) are available from a lot of countries and act as intermediary to convert your money at the best exchange rate before sending it to Romania.

If you need the money to arrive in cash, Azimo and Worldremit (website not available in romanian) cover almost all Romanian cities and offer very competitive rate. Western Union remains a valid solution for many transfers towards cash, especially if you need the money to arrive quickly.

You have a larger amount to transfer? Foreign exchange company such as Currencies Direct of FrontierPay will usually offer better rates.

Save money on all occasions when sending money to Romania

Send money to your family

Transfers to your own savings accounts

Buy a house in Romania

What information do you need to send money to a bank account in Romania

IBAN (ex. RO49 AAAA 1B31 0075 9384 0000)
The IBAN (International Bank Account Number) is an international norm for identifying bank accounts.

Name of the recipient
The name of the recipient's bank account's holder.

All banks in Romania are part use the IBAN system to identify bank accounts and facilitate transfers from abroad. This means in most cases, you won’t need to have the SWIFT/BIC information of the recipient’s bank account.

With most of the providers we compare on Monito, the only information you will need from the recipient to make a transfer is their full name and IBAN number.

While not yet in the Eurozone, Romania is also part of SEPA (Single Euro Payment Area), which facilitates EUR-EUR transfers if you have a bank account in Euro in Romania.

Major banks in Romania

Banca Transilvania
UniCredit Tiriac
CEC Bank
Alpha Bank
Garanti Bank

There are around 30 banks operating in Romania. As a general rule, all the banks and providers on Monito will be able to send money to all banks in Romania.

If you use one of the money transfer providers we recommend on our platform, the transfers to the recipient’s bank will be a local transfer (unless stated otherwise), meaning no fees will be applied by the receiving bank. In the contrary, if you make a direct bank transfer (which we do not recommend) using the “share cost” option (SHA), the receiving bank will generally charge you additional fees.

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