Transfer Money to Romania

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About Money Transfers to Romania

Sending money to Romania? With us you will find the most comprehensive list of options available, always tailored to each individual's needs for your convenience. Our service will advise you on the options available to you when sending Leu to Romania, saving you a large amount with rates that high street banks can't match.

Perhaps you want to send financial support to a relative in Bucharest or maybe you need to make a business payment to Cluj-Napoca, whatever the occasion for your money transfer, we will supply you with an exceptional and unique service.

Last updated: May 08, 2014 Our methodology

Quick Facts: Romania

Key information for sending money to Romania

Transfer Speed
1 working day
Local Currency
RON
Income Tax Rate
0-16%
Avg. Property Price/m²
4,976.57 RON
Avg. Monthly Rent (3 bed)
1,956.57 RON
IBAN Required
Yes

Money Saving Tips for Romania

Expert advice for your international transfer

If you are buying property, the purchase contract must be in Romanian. For your security and peace of mind, request that an authorised translator performs a full translation of the contract.

Visas are not required for entry for EU members but all entrants must have a valid passport.

It is not unknown for tips to be given to medical staff in order to secure good care.

Prospective expats to are advised to rent in the country prior to buying in order to understand the way of life.

What You Need to Send Money to Romania

Checklist of recipient bank details required

IBAN e.g. RO49AAAA1B31007593840000
International Bank Account Number
SWIFT/BIC Code e.g. BANKROXX
Bank identifier for international transfers
Account Number
Recipient's bank account number
Account Holder's Name
Full name as it appears on the bank account

Popular Banks in Romania

Banca Comerciala Romana BRD-Groupe Societe Generale Volksbank Raiffeisen Bank Alpha Bank UniCredit Tiriac Bank

"When sending money to Romania, always compare multiple providers. The exchange rate is important, but don't forget to factor in transfer fees and delivery times. For larger amounts, even small rate differences can translate to significant savings."

— MyCurrencyTransfer Editorial Team

Frequently Asked Questions

Common questions about sending money to Romania

What is the cheapest way to send money to Romania?

The cheapest way to send money to Romania depends on your transfer amount. For larger transfers (over £1,000), specialist providers like Wise or OFX typically offer better rates than banks. Compare providers above to see which offers the best deal for your specific amount.

How long does it take to transfer money to Romania?

Most transfers to Romania are completed within 1-3 working days. Some providers offer same-day or next-day delivery for an additional fee. The exact time depends on the provider, payment method, and whether the recipient's bank processes weekend transfers.

What information do I need to send money to Romania?

You'll typically need: the recipient's full name (as it appears on their bank account), their bank account number, the bank's SWIFT/BIC code, and for some countries an IBAN. You may also need the recipient's address and the bank's name and address.

Are money transfer services safe to use?

Yes, the providers we compare are regulated by the Financial Conduct Authority (FCA) or equivalent regulators. They must keep your money in segregated accounts and follow strict anti-money laundering procedures. Always check a provider's regulatory status before sending money.

Should I use my bank to send money to Romania?

Banks are generally more expensive for international transfers due to higher exchange rate margins and fees. Specialist money transfer providers typically offer rates 2-4% better than banks. Use our comparison to see how much you could save.

How to Transfer Money to Romania

  1. Compare providers

    Use the comparison table above to find the best exchange rate and lowest fees for your transfer amount.

  2. Create an account

    Click through to your chosen provider and register for a free account. You'll need your email address and basic personal details.

  3. Verify your identity

    Upload ID documents as required (passport, driving licence, or national ID). Most providers verify within 1-2 business days.

  4. Enter recipient details

    Add your recipient's bank account details including their name, account number, and SWIFT/BIC code.

  5. Fund and track your transfer

    Pay by bank transfer or debit card, then track your money until it arrives. Most transfers complete within 1-3 working days.