Over the past three months, we compared 25 providers for transfers to Romania from a wide range of sending countries and found that on average Profee was most often the cheapest provider (in 40.4% of the searches).

But Profee might not be available in the country you're sending money from, and it might not be the cheapest for your transfer to Romania as the provider's pricing change depends from country to country and changes over time. This means it's always best to launch a live comparison to find the cheapest provider for your transfer.

Which Provider Should You Use to Send 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 margins on the exchange rates) or an equally expensive cash transfer 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 in 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 Wise are available from many countries and act as intermediaries to convert your money at the best exchange rate before sending it to Romania.

If you need the money to arrive in cash, Worldremit (whose website is unavailable in Romanian) covers almost all Romanian cities and offers a very competitive rate. Western Union remains a valid solution for many transfers towards cash, especially if you need the money to arrive quickly.

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

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.

What Information is Needed to Send Money to a Romanian Bank Account?

• IBAN (e.g. 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 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.

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.

Major Banks in Romania

• BCR
• BRD
• Banca Transilvania
• Raiffeisen
• UniCredit Tiriac
• CEC Bank
• ING
• Alpha Bank
• Bancpost