Send Money to Romania Effectively and Beat the Bank’s Rates

Information verified correct on February 23rd, 2017

Romania

Taking the time to compare your options can help you save money when you need to send money to Romania.

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

From bank transfers and online transactions to options that allow recipients to collect your funds within minutes, sending an international money transfer to Romania is easy. However, do your research and shop around for the best available deal.

Compare Money Transfer Services

Rates last updated February 23rd, 2017

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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:

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  • Emigrating
  • Regular overseas payments
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Min. Transfer Amount Transfer Speed Services Online Transfer Fee Rate Amount Received
Wyre International Money Transfers
No transfer fees for finder... No transfer fees for finder.com readers. Make transfers with Bitcoin.
OnlinePhone
Rates are always
changing, click to check
your price today
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World First Foreign Exchange
Exclusive offer: $0 transfer fee ... Exclusive offer: $0 transfer fee
No-limit transfers with competitive exchange rates for more than 100 currencies.
USD 500 1 day
Online
Rates are always
changing, click to check
your price today
Go to site More
WorldRemit International Money Transfers
Use promo code FREE to ... 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.
USD 1 Within an hour
OnlineCash Transfer
Rates are always
changing, click to check
your price today
Go to site More
TransferWise International Money Transfers
Enjoy high maximum transfers into ... Enjoy high maximum transfers into more than 20 currencies while saving up to 90% over local banks.
USD 1 1 day
Online
Rates are always
changing, click to check
your price today
Go to site More
OFX International Money Transfers
Send safe... Send safe, no-limit transfers with no fees and competitive exchange rates.
USD 150 1 day
Online
Rates are always
changing, click to check
your price today
Go to site More
Payoneer International Money Transfers
Ideal for worldwide business payments ... Ideal for worldwide business payments to more than 200 countries and 150 currencies.
USD 20
Online
Rates are always
changing, click to check
your price today
Go to site More
RIA Money Transfer
No fees for bank account ... No fees for bank account transfers and cash pickup at 240,000 locations in 130+ countries.
3 - 5 days
Online
Rates are always
changing, click to check
your price today
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HiFX International Money Transfers
Transfer money into 20 currencies ... Transfer money into 20 currencies and schedule regular payments. $5 fee waived for transfers over $5,000.
USD 100 2 days
Online
Rates are always
changing, click to check
your price today
Go to site More
Moneycorp Exchange Experts
Full-service specialist offering competitive exchange ... Full-service specialist offering competitive exchange rates on personal international money transfers.
USD 50 1 day
OnlinePhone
Rates are always
changing, click to check
your price today
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TorFX International Money Transfers
No hidden fees and a ... No hidden fees and a best rate guarantee for 60 global currencies.
USD 150 1 day
OnlinePhoneAgent
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changing, click to check
your price today
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Wells Fargo Bank
While more expensive than other ... While more expensive than other options, securely send money to 13 Latin American and Asian countries.
USD 1 1 day
Online
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changing, click to check
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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.

Case Study: Adrian Sends Money to Romania

Adrian’s marriage may have broken down long before he moved to the U.S., but this Romanian expat still remains in close contact with his ex-wife in Bucharest. When she asks him for an urgent transfer of $1,000 he is happy to oblige, and he decides to compare the services of two online transfer companies to see which one can save him the most money.

As you can see in the table below, Adrian can send an extra $72 RON using the second transfer company and can also save $10 USD in transfer fees.

Money transfer company 1Money transfer company 2
Exchange rate$1 USD = $2.761 RON$1 USD = $2.833 RON
Transfer fee$10$0
Transfer methodOnline transferOnline transfer
Transfer time1-3 days1-3 days
Amount received (in RON)$2,761 RON$2,833 RON
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How do I compare transfer companies when sending money to Romania?

  • Exchange rates. Exchange rates can vary quite substantially between money transfer providers, so see which company offers the best rate for your transfer destination.
  • Transaction fees. Some companies with fantastic exchange rates also charge high fees, so make sure to check how much you will have to pay to get your funds to your beneficiary.
  • Transfer methods and options. Check to see how you can place a transfer: online, over the phone, at a branch and/or using a smartphone app. You may also be able to benefit from flexible transfer options, such as the ability to place a forward contract, which allows you to lock in an ideal exchange rate now and transfer the money later, or schedule recurring payments months in advance.
  • Minimum and maximum limits. If a company imposes minimum and maximum limits per transaction, make sure these will not affect your ability to make the transfer.
  • Processing time. How long will it take for your recipient to be able to access the money you send?
  • Pickup options. Will the funds you send be deposited into a bank account or mobile wallet, or will your recipient be able to collect the transfer in cash within minutes?
  • Customer service. Check to see whether you can access phone, email and live online chat support if you ever have a question about 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.

What are my options for sending money to Romania from the U.S.?

  • Specialist transfer providers. Companies like World First and TorFX can help you send secure and affordable international transfers.
  • Cash pickup transfer providers. Western Union and MoneyGram both have extensive cash pickup networks around the world.
  • Bank transfers. Your bank can handle an international money transfer to Romania for you, but they will usually charge high fees and offer poor exchange rates.
  • International checks. International guaranteed checks are a slow but safe transfer method.
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Emergency cash transfers in Romania

There are several companies that can help you send an emergency cash transfer from the U.S. to Romania should you ever need to, but be warned that these transfers are usually more expensive. High fees and lower exchange rates typically apply to urgent transactions, so it’s important that you review the full cost of your transaction before you hand over any money.
Find a money transfer location near you

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Tips for picking up cash in Romania

  • Don’t visit a cash pickup branch in an area where you don’t feel safe.
  • Don’t go alone — ask a friend to accompany you.
  • Don’t display your cash in public.
  • Don’t carry money around for any longer than necessary.
  • Deposit the cash you collect in your bank account ASAP.
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What are the steps to send money to Romania?

You will most likely need to follow these steps when you want to send money to Romania:

  1. Sign up for an account. It’s usually free to sign up for an account and you can do so online by providing your name, contact information and a valid photo ID.
  2. Enter your transaction details. Provide information about how much money you’re sending, in which currency and where to. You’ll also need to provide your recipient’s bank account info or details of where they will collect the cash.
  3. Complete your transaction. Review the exchange rate and fee that will apply to your transaction to determine the full cost of the transfer. Once you’ve paid for the transaction, hold onto any receipt you are given so that you can track your funds.
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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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