Compare all the best ways to send money to Romania

The exchange rate plays a key role in determining how much RON your recipient in RO will get.

For example, in the past 7 days average rate for USD to RON was 4.3844 RON.

Since USD-RON exchange rates fluctuate with market conditions, waiting a couple of days could result in a better rate, giving your recipient more RON.

If you need to make an urgent transfer, we recommend using Wise, which consistently offers the best rates for New Romanian Leu transfers.

The most cost-effective way to fund your transfer to Romania is through a bank transfer with Key Currency, which is 0.01% cheaper than the second-best service.

The way you fund your transfer to Romania impacts the cost, speed, and how much RON the recipient will receive.

Based on our live data for a $7,000 transfer from the US to Romania, the following are your best options:

• Key Currency with bank transfer deposit costs $0 and has a 0.25% markup.

• Remitly with a debit card deposit costs $2.99 with 1.47% markup.

We suggest against using credit card, as they tend to be the most expensive option for RON transfers.

Credit card transfers may incur cash advance fees and higher interest rates on RON, and are usually more expensive.

Whenever possible, avoid transfers via the SWIFT network to RO. SWIFT transfers to Romania are slower and come with higher fees.

Instead, look for a cheaper option such as ACH or account balance.

Money transfer companies often have min and max limits on how much RON you can send.

The amount you transfer can also affect the fees and the RON exchange rate you receive. For instance, Wise is the best choice for sending large amounts to Romania.

Additionally, there may be government-imposed restrictions, commercial limitations, and other factors that influence the amount of RON you can send.

This is why it’s really important to compare your options when transferring money to Romania.

The speed of sending New Romanian Leu to Romania depends on factors like the amount, timing, deposit, and withdrawal method chosen. Typically, faster transfers come with higher fees.

For example, based on a $7,000 transfer to Romania:

Use Currencyflow for fastest transfers

Of the 13 companies offering RON transfers, Currencyflow consistently offers the fastest delivery times across all deposit methods.

For bank account & card deposits use Currencyflow

Currencyflow offers fast and affordable New Romanian Leu transfers, with fees of around $0 for bank deposits and $0 for debit card deposits, plus a small 0.26% markup on top of the RON rate.

For urgent transfers use cash transfer

If you need money urgently, we recommend cash pickup services through providers like Western Union or MoneyGram.

Avoid the SWIFT network

Avoid using SWIFT transfers for RON transfers. Due to intermediary banks on the way to Romania, SWIFT is slower and comes with higher fees.

There are a few different ways to move money to Romania:

Money transfer services

You can transfer money online using an FX broker (managed service) such as OFX or an online-only company (self-managed) such as Wise.

Based on our analysis, Wise stood out as the top money transfer company servicing Romania.

Mobile apps and e-wallets

Most money transfer services that accept Romania offer mobile transfer apps, which often have better deals on RON exchange rates.

You can check our guide on the best money transfer apps to find one that suits your needs.

Cash transfers

Cash transfers to Romania are sent in person through services like Ria Money Transfers, MoneyGram, or Western Union.

Transferring New Romanian Leu as cash is almost always instant but requires the recipient to visit a nearby agent in Romania to collect the RON.

Bank wire transfers

You can transfer New Romanian Leu via your bank.

We strongly recommend not using your bank to wire RON directly to Romania due to high fees and slow transfer times.

Instead, use the bank transfer deposit option with Wise and send RON from there.

There are multiple ways to receive money in Romania. Picking the right one can save you on fees and speed up the RON transfer process. Here are your options:

Deposit to the bank account

To deposit money directly into a recipient’s bank account in Romania, we recommend Key Currency.

The card transfer will also land in the recipient’s bank account in Romania. Use Remitly to deposit with a debit card at just $2.99 per transfer.

Cash pickup and delivery

If the recipient in Romania needs RON urgently or doesn’t have access to a bank account in Romania, cash pickup or home delivery are good options.

Mobile and digital wallets

You can receive RON directly into digital wallets like PayPal, though this often comes with more limitations and costs more compared to services like Key Currency.

When sending money to a bank account or e-wallet in Romania, New Romanian Leu will arrive without any involvement from the recipient.

However, if you're sending RON as cash or transferring large amounts to Romania, the recipient may need the following:

• Government-issued ID: A national ID of Romania, a valid passport, or driver's license.

• Sender’s details: The sender's personal details such as full name and address.

• Transfer Details: The amount of RON being received.

• Confirmation No.: This is usually given at the time of transfer.

• SWIFT Code / IBAN: Occasionally required for bank transfers.

The exact documents required may vary depending on the money transfer company and the transfer method used.

When sending bigger amounts to Romania, companies may request proof of funds such as bank statements and address verification with the utility bill in line with AML (Anti-Money Laundering) policies.

We recommend using Wise to send large amounts of New Romanian Leu.

There may be tax obligations and government-imposed limits or restrictions on RON transfers/payments to RO.

Some RON transfers could be subject to taxes such as gift tax or commercial tax.

Even if no limits or taxes apply, certain RON transfers (especially large sums of New Romanian Leu) may need to be reported to the tax authorities in Romania or in your country.

When unsure, it’s best to consult with a tax professional in Romania or your home country to ensure compliance with the regulations.