We’re building a new kind banking service, that makes it easier for you to live, study, work, travel or retire anywhere in the world. A big part of this mission is giving you the ability to send money abroad, quickly and at great rates, from just a few taps on your phone. And sending money to Romania has always been very popular with Monese customers!
So if you want to avoid paying more than you should, with our mobile app you have access to one of the fastest and lowest-cost ways to do this. You’ll always get the real exchange rate and completely transparent pricing (based on the plan you choose), without any of the hidden markups and fees that banks and other providers can charge.
With this in mind, we’re kicking off a new series of posts specifically focused on international transfers, giving you tips and tricks on how you can make the most of it...
How to get started with money transfers to Romania
We’ve supported this for a good while now, but we know how important it is for you to send money faster, so we’ve been working on improving the transfer times.
If you need to send Romanian Lei (RON) to Romania, from any of your Monese accounts, you can do it right from your Monese app. If you need to check the live rates, you can do so on our website (Transfers to Romania), or in the ‘Payments’ section of the app.
Then just follow these simple steps:
- Select the person or company you want to pay, or add a new one
- Type in the amount you want to send
- If you’re sending money to someone new, you’ll need to authenticate the transfer by typing in a code you’ll receive by SMS
It’s all about the timing
Now, if you want to make sure your RON transfer gets there as quickly as possible, make sure you send the money before 11:45am GMT – if you do, it could reach the receiving account on the same business day!
Mind you, there’s a lot that goes on in the background with these, so it could still take up to 4 business days for the money to show up in the other account. This could be due to a variety of reasons – like bank holidays in any of the countries or additional checks we sometimes have to do – but most importantly it depends on how quickly the receiving bank processes it.
Coming up next
Stay tuned for more on this, as we explore more countries and currencies you can make transfers to, as well as more tips on how you can make the most of payments with your Monese app.
7 things to know when making an international money transfer
Read for insider tips so you can make an informed decision the next time you need to send money abroad.