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How to send money to Moldova

Find great exchange rates and pay minimal fees when you send an international money transfer to Moldova.

Adrienne Fuller
Adrienne Fuller

Updated

Fact checked

Sending a money transfer from Hong Kong to Moldova doesn’t have to be a difficult or expensive process. By comparing rates, you can find the right money transfer company and get the best deal.

Compare money transfer services to Moldova

Min. Transfer Amount Transfer Speed Online Transfer Fee Rate Amount Received Description CTA Details
WorldRemit International Money Transfers
USD 1 Within an hour HKD 20.00 2.237 MDL
22,322
 提供現金提取、銀行戶口之間轉賬與及Airtime匯款選擇的網上匯款服務，。 WorldRemit sends money to 110+ countries for bank-to-bank deposits, cash pick-ups or mobile top-ups. Go to site Show details
CurrencyTransfer International Money Transfers
 GBP 5,000 1 - 2 days HKD 0.00 2.212 MDL
22,120
 可匯款至20+個國家，無手續費。 CurrencyTransfer lets you shop around for the best exchange rate on its online marketplace. Go to site Show details

Compare up to 4 providers

Disclaimer: Exchange rates change often. Confirm the total cost with the provider before transferring money.
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How do international money transfers work?

Money transfers allow you to convert Hong Kong dollars into a different currency and send it to someone overseas. Most companies have convenient websites and apps you can use to make your transfer, but there are also many that allow you to make a transfer over the phone or at a store. You’ll usually be able to pay in a variety of ways, including: cash, credit card, debit cards and bank account transfer.

Your recipient will be able to receive their funds as cash or directly into their bank account.

Banks versus money transfer companies

Banks can be useful for a variety of financial transactions, but you’re likely going to get a better deal when you choose a money transfer company. This is because banks charge high fees and offer their customers low exchange rates. If you want to send a large amount of money quickly, a transfer company will generally be your most efficient option.

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How to compare transfer companies when sending money to Moldova

When you’re looking to compare money transfer companies, keep in mind the following points:

  • Exchange rates. Small differences in exchange rates can make a big difference to the total amount of money you send, so check how each provider’s rates compare to the competition.
  • Fees. Compare each company’s transfer fees to get a better idea of how much each transaction will cost. Some companies will also waive fees for large transfers.
  • Transfer methods. Does the company offer multiple transfer methods, such as the ability to place transfers online and by visiting a branch?
  • Turnaround time. Will the funds arrive in your recipient’s wallet in minutes, or will it be several days before they can access the cash?
  • Minimum amount. What is the minimum amount you can transfer?
  • Pickup methods. Some companies offer bank deposits only, while others will also allow you to make funds available as cash for collection from a transfer agent.
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Foreign exchange rates explained

Exchange rate will impact how much your recipient will receive when you convert Hong Kong dollars to Moldovan leu. This is because the dollar has traditionally been stronger against the leu. However, exchange rates are flexible, which means it can change from moment to moment.

Options for sending money to Moldova from Hong Kong

  • Bank transfers. Check with your bank or credit union to find out how much it charges to send a bank transfer to Moldova and what your potential exchange rate will be.
  • Online money transfer providers. There are multiple options when you want to send money through an online transfer company. Simply check our table above to find some reputable providers.
  • Money transfer companies with cash pickup options. Western Union and MoneyGram have cash pickup branches throughout Moldova.
  • Checks. You may consider sending a check, but this will be your slowest option, and you run the risk of it getting lost in the mail.

How to send money to Moldova

Although the transfer process varies depending on the company and transfer method you choose, you’ll typically need to follow these steps:

  1. Compare your money transfer options.
  2. Click Go to Site once you’ve made your decision.
  3. Create an account.
  4. Start a transfer to your recipient.
  5. Enter your recipient’s information and the amount you want to send.
  6. Pay for your transaction.
  7. Save your tracking number and receipt.

Tips for picking up cash in Moldova

Safety should be your top priority when you’re picking up cash in Moldova. Travel in daylight, preferably with a friend, and never take out large amounts of cash in public.

Emergency transfers to Moldova

If your recipient needs money as soon as possible, you’ll want to start an emergency transfer. These are possible, but it’s important that you closely examine the exchange rate you’re offered and the fee the transfer company is charging. Emergency transfers cost much more, so if your recipient can wait a day or two, you’ll both save money.

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