Banks and Money Transfer Services
Which bank or service do you use to send money abroad? Compare Romanian banks with Wise, Revolut, and Western Union — see fees, transfer speed, and international coverage.
Banks in Romania
With currency exchange and transfer services
- ✓ Over-the-counter exchange
- ✓ Negotiable rate for large sums
- ✓ International SWIFT transfer
- ✓ Exchange via mobile app
- ✓ Over-the-counter exchange
- ✓ Multi-currency accounts
- ✓ International SWIFT transfer
- ✓ Exchange via mobile app
- ✓ Over-the-counter exchange
- ✓ BT24 online exchange
- ✓ International SWIFT transfer
- ✓ Exchange via mobile app
- ✓ 100% online exchange
- ✓ Multi-currency accounts
- ✓ International SWIFT transfer
- ✓ Exchange via mobile app
- ✓ Over-the-counter exchange
- ✓ Smart Mobile exchange
- ✓ International SWIFT transfer
- ✓ Exchange via mobile app
- ✓ Over-the-counter exchange
- ✓ Extensive branch network
- ✓ International SWIFT transfer
- ~ Limited exchange in app
- ✓ Over-the-counter exchange
- ✓ Multi-currency accounts
- ✓ International SWIFT transfer
- ✓ Exchange via mobile app
P2P and Money Transfer Services
Send money abroad quickly and with low fees
Send money abroad at the real market rate. Low and transparent fees, no hidden costs.
Instant transfers, multi-currency account, interbank rates. Includes crypto and stock trading.
Cash pickup from any location worldwide. Extensive agent network in Romania, including banks and post offices.
Similar to Western Union. Available at Romanian post offices and authorized partner agents.
Competitive fees and growing presence in Romania. Good for transfers to Latin America and Asia.
Digital transfers optimized for specific corridors. Good for sending money to India, Philippines, Mexico.
Transfers via PayPal ecosystem. Xoom enables fast transfers to bank accounts, cash pickup, or mobile top-up.
Transfer Service Comparison
Estimated cost for a 1,000 EUR transfer from Romania
| Service | Cost 1,000 EUR | Transfer time | Method | Rating |
|---|---|---|---|---|
|
W
Wise
|
~4 - 6 EUR | 1 - 2 days | Online | ★★★★★ |
|
R
Revolut
|
~0 - 5 EUR | Instant | Online | ★★★★★ |
|
B
RO Banks (average)
|
~20 - 40 EUR | 1 - 3 days | Online / Counter | ★★★★★ |
|
WU
Western Union
|
~30 - 80 EUR | Minutes - 1 day | Cash / Online | ★★★★★ |
|
MG
MoneyGram
|
~20 - 70 EUR | Minutes - 1 day | Cash / Online | ★★★★★ |
|
Ria
Ria Money Transfer
|
~10 - 50 EUR | Minutes - 2 days | Cash / Online | ★★★★★ |
|
Re
Remitly
|
~5 - 40 EUR | Minutes - 3 days | Online | ★★★★★ |
|
PP
PayPal / Xoom
|
~20 - 50 EUR | Minutes - 3 days | Online | ★★★★★ |
How to choose the best transfer method?
Use Revolut or Wise. Minimal fees (under 1%), fast transfer, all online from your phone. Best price/speed ratio.
Negotiate the rate directly with your bank (BCR, BRD, BT). For amounts over 10,000 EUR you can get a significantly better preferential rate.
If the recipient needs immediate cash, Western Union or MoneyGram are the fastest options (pickup in minutes), but with higher fees.
General tip: Always compare the TOTAL cost (fee + currency spread), not just the displayed fee. Some services have low fees but poor exchange rates.
For recurring transfers: Wise and Revolut allow scheduling automatic transfers at favorable rates.