Need to wire money to Romania? Are you considering a bank wire to transfer the money to Romania? Before you go your bank to organise it, make sure you check the wire transfer fees. It may come as a shock how much the costs will be and depending on the dollar amount, it might be better to send the money by other means.
What makes it more costly is in addition to your financial institution charging a fee for sending the money to a place in Romania, the individual receiving the transfer will possibly be charged a fee from their bank. One way to reduce the likelihood of this fee is to send the international wire transfer in their local currency.
To process a wire transfer to Romania, you will possibly need a SWIFT code. These are unique codes for each financial institution and are based on things such as the country and individual bank.
Bank wire details for Romania
- Country – Romania
- SWIFT Country Code – RO
- Central Bank Name – Banca Nationala a României
- Currency – New Leu
- Currency Code – RON