How to send money to Moldova

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

When you need to get money to a loved one overseas, the last thing you want to deal with is navigating a potentially complicated and expensive process. Sending money from the United States to Moldova doesn’t have to be expensive. Compare the transfer fees and exchange rates of the options available to you to get the best deal.

Read on to find out how you can send an affordable money transfer to Moldova.

World First Foreign Exchange

World First International Money Transfers

Special $0 fee offer for finder.com readers
Because World First is a trusted partner of finder.com, you can send your money transfer overseas for free.

No fees: There is no online transfer fee for all finder.com customers.

  • Enjoy competitive exchange rates.
  • Spot contracts, forward contracts and limit orders are available.
  • Receive weekly updates on market exchange rates.

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    Save money on your personal or business international money transfer today. Fill in the form and you’ll be contacted by a foreign exchange expert to have an obligation-free discussion about your options.

    With over 17 years of foreign exchange expertise and over $100 billion transferred, OFX can help with all your currency exchange needs, including:

    • Buying property abroad
    • Emigrating
    • Regular overseas payments
    • Risk management
    • Forecasting

    Min. Transfer Amount Transfer Speed Online Transfer Fee Rate Services Amount Received Description CTA Details
    WorldRemit International Money Transfers
    USD 1 Within an hour USD 2.99 0.88 Online, Bank Account to Bank Account, Cash Transfer EUR 4,398 Use promo code FREE to send your first transfer for no fee, to over 110 countries for bank-to-bank deposit, cash pickup or mobile top-up. Go to site View details
    World First Foreign Exchange
    USD 1,000 1 day USD 0.00 0.88 Online EUR 4,402 Exclusive offer: $0 transfer fee
    No-limit transfers with competitive exchange rates for more than 100 currencies.
    Go to site View details
    TransferWise International Money Transfers
    USD 1 1 day USD 50.00 0.893 Online EUR
    4,421
    Enjoy high maximum transfers into more than 20 currencies while saving up to 90% over local banks. Go to site View details
    OFX International Money Transfers
    USD 150 1 day USD 0.00 0.89 Online, Bank Account to Bank Account EUR 4,448 Send safe, no-limit transfers with no fees and competitive exchange rates. Go to site View details
    HiFX International Money Transfers
    USD 100 2 days USD 5.00 0.889 Online EUR 4,441 Transfer money into 20 currencies and schedule regular payments. $5 fee waived for transfers over $5,000. Go to site View details
    Do you send money often? Track this rate with tailored alerts direct to your inbox

    Compare up to 4 providers

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    How do international money transfers work?

    An international money transfer allows you to send money to a recipient overseas. Generally, a transfer involves you providing funds to a bank or an independent transfer provider, which then sends the money to your recipient in another country — in this case, Moldova. This can be done in person, over the phone, through a mobile app or online. You can use cash, a credit or debit card, or transfer funds from your bank account, which will then either be deposited into your recipient’s bank account or mobile wallet, or made available as cash for them to pick up at a location in their country.

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    Banks versus money transfer companies

    We use our banks to take care of all our other financial needs, so surely we should use them when we need to send an international money transfer, right? Not necessarily. While major U.S. banks offer money transfer services, they usually present less competitive exchange rates coupled with high transfer fees.

    You can often save money by using the services of a dedicated money transfer company. These providers specialize in handling overseas money transfers, offering attractive exchange rates and affordable transfer fees. This translates to big savings for you.

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    Margaret Sends Money to Moldova

    Margaret needs to send $1,000 to her son in Moldova — he’s enjoying a European vacation but is getting low on funds. Margaret doesn’t want to settle for a poor exchange rate from her bank, so she decides to compare the pricing structures of two well-known money transfer providers to see which one offers the best value.

    Money transfer company 1Money transfer company 2
    Exchange rate1 USD = 0.925 EUR1 USD = 0.934 EUR
    Transfer fee$0$3
    Transfer methodOnline, phoneOnline
    Processing time2 business days1 day
    Amount received less he transfer fee925 EUR932 EUR

    As you can see, although the first transfer company doesn’t charge a fee, Margaret can save money by using the second company because of its better exchange rate..

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    How to compare transfer companies when sending money to Moldova

    • 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 are allowed to send each time?
    • Pickup methods. Some companies offer bank deposits only, while others will also allow you to make funds available for collection from a transfer agent.
    • Customer service. Phone, email and online support  are all important if you need assistance with a transfer.
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    Foreign exchange rates explained
    The exchange rate determines how much one country’s currency is worth in another currency. When a country’s currency is strong, it will yield more money when exchanging it in a country with a weak currency. For example, in December 2016, the U.S dollar was worth approximately 19 Mexican pesos. However, most countries’ exchange rates are flexible, which means it can change from moment to moment. Factors that influence the exchange rate include interest rates, economic stability and inflation.
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    Options for sending money to Moldova from America

    • Bank transfers. Check with your financial institution to find out how much it will cost to send a bank transfer to Moldova.
    • Online money transfer providers. Search for a reputable online money transfer provider at Finder.com. World First and OFX are both trusted partners of Finder.com and are offering Finder readers an exclusive deal of $0 in fees.
    • Money transfer companies with cash pickup options. Western Union and MoneyGram have cash pickup branches throughout Moldova.
    • Checks. You could also consider obtaining an international check from your bank and mailing it to your recipient.
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    Find a money transfer location near you

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    Tips for picking up cash in Moldova

    Whether you’re picking up cash in Moldova or any other country, take a safety-first approach. Use common sense, such as keeping your cash hidden and depositing it with your bank as soon as possible. Taking a friend along with you to collect the funds is also a good idea.

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    How to send money to Moldova

    Although the transfer process varies depending on the company and transfer method you choose, you will typically need to provide the following information:

    • Your name and contact details as well as a form of ID.
    • Your beneficiary’s name, address and contact details.
    • Information about how much money you wish to send, in which currency, and where you would like to send the funds.

    Once you pay for your transaction you’ll receive a transaction reference number that you can use to check the progress of your transfer up until completion.

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    US International Money Transfers Offers

    Learn about our information service
    HiFX International Money Transfers

    Transfer money into 20 currencies and schedule regular payments. $5 fee waived for transfers over $5,000.

    WorldRemit International Money Transfers

    Use promo code FREE to send your first transfer for no fee, to over 110 countries for bank-to-bank deposit, cash pickup or mobile top-up.

    World First Foreign Exchange

    Exclusive offer: $0 transfer fee
    No-limit transfers with competitive exchange rates for more than 100 currencies.

    TransferWise International Money Transfers

    Enjoy high maximum transfers into more than 20 currencies while saving up to 90% over local banks.

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