Send Money To Romania

Updated on September 13, 2020
Personal
Business
From
United Kingdom Flag
United Kingdom
GBP
To
Romania Flag
Romania
RON
1 GBP equals
5.254 RON
09/13/2020 5:19 PM UTC
 
How much to transfer?
$1-1k
$1k-10k
$10k +
Provider
Features
Fees
Score
Speed
Transfer Now
TorFX Logo
  • Check Icon
    Fee-free transfers
  • Check Icon
    Scheduled transfers
  • Check Icon
    Forward contracts
  • Check Icon
    Limit and stop loss orders
  • Check Icon
    Travel money solutions for UK residents
$
$
$

low

Fees
72
Speed Icon

medium

2-3 days

Less Information
-

Transfer Options

  • Bank transfer
  • CHAPS (UK only)
  • BACS (UK only)
  • Visa debit card (UK only)

Features

  • Check Icon
    Fee-free transfers
  • Check Icon
    Scheduled transfers
  • Check Icon
    Forward contracts
  • Check Icon
    Limit and stop loss orders
  • Check Icon
    Travel money solutions for UK residents

Support

  • Phone
Support
Phone Icon
Phone
$
$
$

low

Fees
Speed Icon

medium

2-3 days

Best For

  • Circle Check Icon
    Pay no fees for one-off transfers
  • Circle Check Icon
    Schedule transfers between £500 and £10,000 per month
  • Circle Check Icon
    Use hedging tools to protect yourself against FX fluctuations
  • Circle Check Icon
    No multilingual website
XE Money Transfer Logo
  • Check Icon
    Fee-free transfers
  • Check Icon
    Competitive exchanges rates
  • Check Icon
    Limit orders
  • Check Icon
    Multilingual website and customer service
$
$
$

low

Fees
74
Speed Icon

medium

2-3 days

Less Information
-

Transfer Options

  • Bank Transfer
  • BPAY (Australia)

Features

  • Check Icon
    Fee-free transfers
  • Check Icon
    Competitive exchanges rates
  • Check Icon
    Limit orders
  • Check Icon
    Multilingual website and customer service

Support

  • Phone
Support
Phone Icon
Phone
$
$
$

low

Fees
Speed Icon

medium

2-3 days

Best For

  • Circle Check Icon
    No fees for personal transfers
  • Circle Check Icon
    Accepts payments in several currencies
  • Circle Check Icon
    Target specific rates using limit orders
  • Circle Check Icon
    No debit or credit card payments
  • Circle Check Icon
    No scheduled transfers
WorldRemit Logo
  • Check Icon
    Bank account transfers and cash transfers
  • Check Icon
    Mobile airtime and mobile wallets top up
  • Check Icon
    Home delivery of transferred funds
  • Check Icon
    Multicurrency WorldRemit Wallet
  • Check Icon
    Multilingual website
$
$
$

medium

Fees
63
Speed Icon

fast

1-2 days

Less Information
-

Transfer Options

  • Bank Transfer
  • Debit / Credit card
  • Google / Apply Pay
  • POLi (Australia)

Features

  • Check Icon
    Bank account transfers and cash transfers
  • Check Icon
    Mobile airtime and mobile wallets top up
  • Check Icon
    Home delivery of transferred funds
  • Check Icon
    Multicurrency WorldRemit Wallet
  • Check Icon
    Multilingual website

Support

  • Phone
Support
Phone Icon
Phone
$
$
$

medium

Fees
Speed Icon

fast

1-2 days

Best For

  • Circle Check Icon
    Transfers to cash pickup locations
  • Circle Check Icon
    Transparent rates and fees
  • Circle Check Icon
    Low minimum transfer amount
  • Circle Check Icon
    No hedging tools
  • Circle Check Icon
    No scheduled transfers
Global Reach Group Logo
  • Check Icon
    Fee-free transfer limit
  • Check Icon
    Forward contracts
  • Check Icon
    Stop loss orders
  • Check Icon
    Limit orders
$
$
$

low

Fees
68
Speed Icon

medium

2-3 days

Less Information
-

Transfer Options

  • Bank transfer

Features

  • Check Icon
    Fee-free transfer limit
  • Check Icon
    Forward contracts
  • Check Icon
    Stop loss orders
  • Check Icon
    Limit orders

Support

  • Phone
Support
Phone Icon
Phone
$
$
$

low

Fees
Speed Icon

medium

2-3 days

Best For

  • Circle Check Icon
    Pay no fees when you transfer more than £3,000
  • Circle Check Icon
    Lock existing rates using forward contracts
  • Circle Check Icon
    Safeguard against FX fluctuations using stop loss and limit orders
  • Circle Check Icon
    No mobile app
  • Circle Check Icon
    No multilingual website
Payoneer Logo
    $
    $
    $

    high

    Fees
    71
    Speed Icon

    medium

    2-3 days

    Less Information
    -

    Transfer Options

    • Bank transfer
    • Debit card
    • Credit card
    • Bank debit

    Features

      Support

      • Phone
      Support
      Phone Icon
      Phone
      $
      $
      $

      high

      Fees
      Speed Icon

      medium

      2-3 days

      Best For

      Currencies Direct Logo
      • Check Icon
        Forward contracts and limit orders
      • Check Icon
        Scheduled transfers
      • Check Icon
        Travel money solutions for residents of the UK
      • Check Icon
        Multilingual website
      $
      $
      $

      low

      Fees
      84
      Speed Icon

      medium

      2-3 days

      Less Information
      -

      Transfer Options

      • Bank transfer
      • Debit card

      Features

      • Check Icon
        Forward contracts and limit orders
      • Check Icon
        Scheduled transfers
      • Check Icon
        Travel money solutions for residents of the UK
      • Check Icon
        Multilingual website

      Support

      • Phone
      Support
      Phone Icon
      Phone
      $
      $
      $

      low

      Fees
      Speed Icon

      medium

      2-3 days

      Best For

      • Circle Check Icon
        Schedule transfers easily
      • Circle Check Icon
        Make use of hedging tools
      • Circle Check Icon
        Accepts customers from most countries
      WorldFirst Logo
      • Check Icon
        Low Transparent fee structure
      • Check Icon
        Forward contracts
      • Check Icon
        Scheduled transfers
      • Check Icon
        Dedicated account manager
      • Check Icon
        Live chat support
      $
      $
      $

      low

      Fees
      84
      Speed Icon

      fast

      1-2 days

      Less Information
      -

      Transfer Options

      • Bank Transfer
      • Debit card
      • Direct debit (UK only)
      • CHAPS / BACS (UK only)

      Features

      • Check Icon
        Low Transparent fee structure
      • Check Icon
        Forward contracts
      • Check Icon
        Scheduled transfers
      • Check Icon
        Dedicated account manager
      • Check Icon
        Live chat support

      Support

      • Phone
      Support
      Phone Icon
      Phone
      $
      $
      $

      low

      Fees
      Speed Icon

      fast

      1-2 days

      Best For

      • Circle Check Icon
        Schedule transfers with ease
      • Circle Check Icon
        Hedge funds using forward contracts
      • Circle Check Icon
        No support for USA customers
      TransferWise Logo
      • Check Icon
        Transparent fee structure
      • Check Icon
        Send money to email addresses
      • Check Icon
        Multicurrency account with debit card
      • Check Icon
        Multilingual website & app
      $
      $
      $

      low

      Fees
      75
      Speed Icon

      fast

      1-2 days

      Less Information
      -

      Transfer Options

      • Bank Transfer
      • Credit Card
      • Debit Card
      • Country specific alternatives

      Features

      • Check Icon
        Transparent fee structure
      • Check Icon
        Send money to email addresses
      • Check Icon
        Multicurrency account with debit card
      • Check Icon
        Multilingual website & app

      Support

      • Phone
      Support
      Phone Icon
      Phone
      $
      $
      $

      low

      Fees
      Speed Icon

      fast

      1-2 days

      Best For

      • Circle Check Icon
        User friendly mobile app
      • Circle Check Icon
        Multi-currency account
      • Circle Check Icon
        Travel debit card
      • Circle Check Icon
        No scheduled transfers
      • Circle Check Icon
        No dedicated account manager
      TransferGo Logo
      • Check Icon
        Transparent pricing
      • Check Icon
        Accepts card payments
      • Check Icon
        No minimum transfer amount
      • Check Icon
        Multilingual website
      $
      $
      $

      low

      Fees
      52
      Speed Icon

      medium

      2-3 days

      Less Information
      -

      Transfer Options

      • Bank transfer

      Features

      • Check Icon
        Transparent pricing
      • Check Icon
        Accepts card payments
      • Check Icon
        No minimum transfer amount
      • Check Icon
        Multilingual website

      Support

      • Phone
      Support
      Phone Icon
      Phone
      $
      $
      $

      low

      Fees
      Speed Icon

      medium

      2-3 days

      Best For

      • Circle Check Icon
        Same day and next day transfers
      • Circle Check Icon
        Website access in different European languages
      • Circle Check Icon
        Make payments using debit or credit cards
      • Circle Check Icon
        Accepts customers only from Europe
      • Circle Check Icon
        Maximum transfer limit of GBP 2,500 when paying using cards

      How to send money to Romania

      How To Step Icon
      Step 1
      Look at your options, sign up

      If you wish to send money to Romania in a cost-effective and easy manner, start by looking at the best alternatives. 

      Once you have made a selection, sign up as a personal or business customer. 

      You may need to provide details from a valid form of ID to register.

      How To Step Icon
      Step 2
      Check exchange rates, start the transfer process

      Look at historical RON exchange rates and check any recent significant volatility. 

      Get a rate quote from your service provider by visiting its website and entering the amount you wish to transfer. 

      To begin the process, accept the quoted rate and lock it in place. 

      Provide the recipient's Romanian bank account details.

      How To Step Icon
      Step 3
      Complete the transfer process

      To complete the process of sending money to Romania, you need to pay for the transfer. 

      Once your service provider gets the payment, it transfers the funds to the recipient's bank account. 

      The turnaround time depends on multiple factors such as mode of payment, your country of residence, and the recipient's bank. 

      You may receive notifications about your transfer's progress via email or text messages. Most companies also provide timely updates on their websites.

      Currency Symbol and Swift Codes

      The Romanian leu (RON), with lei used as its plural form, is the officially used money in Romania. One leu is divided into 100 bani. The exchange rate of the Romanian leu was fixed by the country’s government from 1970 to 1989. During this period, individuals in Romania could not buy or sell foreign currency.

      While Romania joined the European Union in 2007, it has not adopted the euro yet, and is scheduled to in 2019. The Romanian leu remains a free-floating currency, so its exchange rate depends on supply and demand.  While some large hotels in Bucharest accept payments in euros, leu is the only legally traded currency in the country.

      Sending money to a Romanian bank account requires that you have the receiving bank’s SWIFT code.  Given below are SWIFT codes of some popular banks in Romania.

      BANKBRANCHSWIFT CODE
      B.C.R. SecuritiesBucharestBCERROB1XXX
      BRD - Groupe Societe GeneraleBucharestBRDEROBUCAM
      Banca TransilvaniaBucharestBTRLRO21BBT
      Uncredit BankBucharestBACXROBUXXX

       

      Case Study

      Andrei and his wife moved to Germany because both found jobs there, but his parents continued living in Romania. Since his parents had retired a few years earlier, he made sure he supported them financially. Upon moving to Germany he decided to keep sending them money every month. He knew his bank let him send money to Romania easily, but he was not sure if it was the best way to go about the process. He compared his alternatives, and the results of his search are illustrated in the corresponding table.

       BANKMONEY TRANSFER SERVICE
      Exchange rateEUR 1 = RON 4.5277EUR 1 = 4.5842
      Transfer feeEUR 15EUR 0
      Amount received for EUR 2,000RON 8,987.48RON 9,168.40
      Transfer fee2 to 6 days1 to 3 days
      Transfer optionsBank accountBank account
      Difference RON 180.92

      While using the money transfer company instead of the bank resulted in Andrei’s parents getting some extra money, it came with other benefits as well. The company he selected let him schedule his transfers so he did not have to go through the entire process each month. It also gave him the ability to lock in exchange rates for subsequent transfers.

       

      Cash Pickup Locations in Romania

      If you want to send money to a cash pickup location in Romania, you get to choose from different companies such as Ria, WorldRemit, Western Union, and MoneyGram.

      WORLDREMIT IN ROMANIA 
      Bucharest SpeedTransfer - Bucuresti Berceni Bd. Alexandru Obregia Nr.22A, BI.II-30, Sc.B, Ap.44SpeedTransfer - Bucuresti Titan Bd. Nicolae Grigorescu Nr.53, Complex.A13
      Cluj-Napoca SpeedTransfer - Cluj-Napoca Piata Mihai Viteazu Nr.22-23 parter Ap.10CIasi SpeedTransfer lasi Str.Strapungere Silvestru Nr.15, Bl. F, Sc. B, Parter, Ap3.
      WESTERN UNION IN ROMANIA 
      Bucharest Banca Transilvania - Agentia Piata Sudului Str Srg Nitu Vasile Nr 14Banca Transilvania Sos Bucuresti Ploiesti Nr 44a, Sector 1
      Cluj-Napoca Patria Bank - Agentia Cluj Manastur Blvd Maresal Ion Antonescu Nr 1 Bl B1Credit Europe Bank Str Memorandumului, Nr 5, Ap 1 2 Sucursala Memorandumului Cluj
      Iasi Banca Transilvania Blvd Tudor Vladiirescu Camin T17 Agentia Campus Tudor 

       

      Safety Tips for Picking Up Cash in Romania

      Exercise the same levels of caution in Romania as you would back home. Petty crime takes place in large towns such as Bucharest. Instances of bag snatching and pickpocketing take place on public transport, at the main railways stations, at airport terminals, and around crowded areas such as hotels and exchange shops.

      Organized attacks by groups are known to take place. This is usually done by distracting crowds, while a number of people, including children, try to steal jewelry, watches, and wallets. Use hotel safes to keep valuables and important documents, because thefts from hotel rooms are known to occur.

      You might not be able to exchange U.S. dollars or British pounds for local currency outside of Bucharest, although you will face no such problems with euros. Credit card fraud is on the rise in Romania, so remain cautious if you plan to use one.

       

      What Information Do I Need to Transfer Money to Romania?

      This depends on whether you are transferring money to a bank account or sending it to a cash pickup location.

      • Bank account. The information you need to keep handy includes the recipient’s name and bank account number as well as the receiving bank’s name, its IBAN, and its SWIFT code.
      • Cash pickup location. You may send money to a physical location by providing the recipient’s name along with a desired cash pickup center. To collect the money, the recipient will need to provide a reference number and a valid form of identification document.

       

      Regulations When Transferring Money To and From Romania

      While Romania has not adopted the euro yet, the Romanian leu remains a free-flowing currency. As a result, residents and non-residents of the country do not face any restrictions when moving money in or out of the country.

      Banca Nationala a României (the central bank of Romania) watches over the country’s payment systems. However, the European Central Bank (ECB) governs the region’s transfer regulations. While you may transfer any amount in and out of Romania, transfers that exceed EUR 15,000 are reported to the central bank and need to be carried out using domestically licensed bank accounts.

      When leaving Romania with local currency, you need to declare any amount over EUR 10,000 to the country’s customs authorities.

      Convert GBP to RON

      Check out the historical exchange rates for the last thirty days. Learn how much you can save by using a global money transfer company instead of the big banks.
      GBP
      RON
      Sending money online through specialist money transfer companies.

      Expect to receive between RON520.18 and RON523.34 when sending money from GBP to RON at today's exchange rate.

      Compare that to sending money overseas through retail banks. Expect to receive approximately RON499.17, not including additional banking fees. That is an average saving of RON22.59.
      Currency exchange rate in the last 30 days

      Need more information?

      Read useful guides on international remittance and more detailed reviews on the best money transfer services.

      Money Transfer Guides

      How to Send Money from PayPal to TransferWise
      September 7, 2020

      Below, you will find a guide on how to send money from PayPal to the TransferWise Borderless Account. You will …

      Save Money Transferring Funds In or Out of International Escrow
      September 7, 2020
      Problem Definition

      You are selling something through an international Escrow service and the option to send to your country is through …

      What Is the Difference Between IBAN and SWIFT?
      September 7, 2020

      Banks and other financial institutions make use of different kinds of identification numbers for a variety of reasons. Your bank …

      How Do Wire Transfers Work?
      September 7, 2020

      Wire transfers refer to electronic transfer of funds between two entities that may or may not be banks. These transfers …

      Neobanks Explained
      September 7, 2020

      While neobanks have been around since early 2010s, they have come into the forefront during the latter half of the …

      All You Need to Know About Peer-to-Peer Money Transfers
      September 7, 2020
      What is a peer-to-peer money transfer?

      A peer-to-peer money transfer, also referred to as a peer-to-peer transaction, a P2P transfer, or …