Question 1

What's the best way to do Cyprus to Romania money transfers?

Accepted Answer

There are many good choices when it comes to sending money from Cyprus to Romania. The RemitFinder remittance comparison engine compares many different remittance service providers to give you several options. You can easily compare these providers to get the best remit rates on your Euro to RON money transfers.

We compare different remittance companies to bring you the best options to send money to Romania from Cyprus. All these companies are vetted by our team that has expertise in evaluating foreign exchange providers. Our trusted partners work hard to bring our customers the best rates so you benefit the most.

Additionally, we bring you access to exclusive deals and promotions from our partners. These offers will help you maximize the yield on your Euro to Romanian Leu money transfers. You can take advantage of these deals and make the most of your hard earned money.

Question 2

How to get the best remit rate for transferring money from Cyprus to Romania?

Accepted Answer

When sending money overseas, there are a lot of options at your disposal these days. All of them come with various caveats that may include exchange rates, fees, transaction processing time, security and privacy, and so on. RemitFinder helps you to decide which foreign exchange operator to pick for your EUR to Romanian Leu money transfer.

Our real time remittance comparison engine compares numerous banks, FX providers, remittance companies, multi currency bank accounts, etc. and presents you with the best options for sending money from Cyprus to Romania. We carefully select providers to give you the best choices for sending money internationally.

Additionally, you can sign up for the free rate alert to always stay updated with the best rates and promotions for EUR to RON remittances. With our daily free rate alert, you will never have to manually search and compare providers again.

Question 3

What's the cheapest way to transfer money from Cyprus to Romania?

Accepted Answer

While there are numerous ways to send money overseas, many come with steep fees and hidden charges that will make a big dent in your hard earned money. For example, if you send money from Cyprus to Romania via a bank, you will typically get charged high wire transfer fees. Often, both the sender and the recipient have to pay high fees for bank wire transfers.

A sure way to find the most cost effective way for Euro to Romanian Leu remittances is to compare various foreign exchange operators out there. But, doing this manually is hard and time consuming. You may miss out on great rates from other providers that you may not even be aware of. This is especially relevant given the explosion of Fintech startups operating in the international money transfer arena.

Use RemitFinder to compare numerous remittance service providers in a single screen to easily see which companies are good at what and meet your selection criteria for getting the best Cyprus to Romania exchange rate.

Another sure shot way to reduce your cost and maximize the return on your money is to take advantage of deals and discounts our partners provide to RemitFinder users like you. We are constantly adding new providers, so make sure to regularly check in to see which money transfer options are the cheapest for EUR to RON remittances.

Question 4

Should I use my bank to transfer money from Cyprus to Romania?

Accepted Answer

There are two distinct ways that banks make money on international funds transfers. First, by charging steep transaction fees, and second, by providing a low EUR to RON exchange rate. Sometimes, the actual transaction fee may not be that high, but the rate may be much lower, which essentially means a hidden fee as the cost of the transfer for you still goes up.

Since your obvious goal is to make the most of your hard earned money, you would want to ensure that the receiver of your money gets the maximum amount. One simple way to achieve this is by minimizing the fees on Cyprus to Romania money you send. And, generally, you will not get low fees with banks. Hence, we recommend relying on our real time online money transfer comparison tool to ensure you can compare many options.

Most of the remittance companies today offer bank to bank transfers for sending money to Romania from Cyprus. They do this by letting you fund your transaction through your local bank account in Cyprus, and by allowing you to choose the payout to be your recipient's bank account in Romania. But, you are likely to get much better rates and lower fees compared to your bank.

Question 5

What is the fastest way to transfer money from Cyprus to Romania?

Accepted Answer

The speed of your Euro to Romanian Leu funds transfer will depend on various factors like which provider you use, how you pay for your transaction, how you choose for your recipient to get the funds, etc. You will, therefore, want to compare various options to see which one suits your needs best.

We created a comprehensive guide on remittances to help you understand all the factors that come into play when you convert EUR to RON. Establishing a solid understanding of all the criteria that affect your transaction speed will help you compare various money transfer companies to see which one can provide you with the fastest transaction.

One possible approach that will help you send money fast to Romania from Cyprus is to rely on cash as payment as well as delivery method. This would mean paying for your transfer with cash, most likely by walking into your provider's office or agent location. Similarly, your recipient could also pick up cash in Romania if they have a pickup location nearby. Dealing with cash on both sides will eliminate bank transfers in the middle which generally take longer as money has to move between banks.

One drawback of cash transfers is the need to go to physical drop off and pickup locations, and the inherent risk involved in carrying cash, especially for larger amounts. Another one is that cash transfers generally involve lower exchange rates as compared to online transfers. If you do not want to handle cash for the aforementioned reasons, the next fastest transfers would be to payout RON into a mobile wallet, or even do a mobile airtime popup. These methods would be faster than Cyprus bank to Romania bank transfer.

Question 6

Which are the best money transfer companies to send money from Cyprus to Romania?

Accepted Answer

Comparing money transfer companies for sending money to Romania from Cyprus can be challenging, especially given the number of options out there. But, if you are armed with the right knowledge, it will help you make a more informed decision and, therefore, make the most of your hard earned money.

There are various areas you would want to inspect when evaluating these providers to gauge the best fit for sending money overseas to Romania. How much do you want to send? Some companies deal with only small amounts, while others specialize in larger ones. Are you OK paying a fee for your Euro to Romanian Leu transfer or you will only go with 0 fees? How about exchange rates? Can you send money using non-fixed or indicative rates?

Once you start applying these conditions to the list of choices you see, you can start to eliminate companies that do not match any of your preferences. This will help fine tune the list to a small number. Finally, keep an eye on promotions and discounts as they will help maximize the Romanian Leu yield on every Euro that you send.

Question 7

Step by step guide to send money from Cyprus to Romania

Accepted Answer

There are many important aspects of Cyprus to Romania remittances that will impact the yield you get. The most important one is the selection of the best money transfer company. For this, you can rely on RemitFinder's expertise in searching and comparing many global companies to present you many options in one simple, easy to understand view.

Once you have honed down on the company you want to go with, the below step by step tutorial will help you execute your transfer in an effective manner.

Step 1 - Create your account with the chosen remittance company. Please be aware that you will likely be asked for identification documents and personal information. This is an important step for the company to ensure that you are a genuine person and ensure you comply with various legal regulations like anti money laundering.
Step 2 - Provision the manner in which you will fund your remittance transaction. The forex company may accept payment in multiple ways - Cyprus bank account, credit and debit cards, and sometimes even cash that you can pay with by walking into a branch or outlet.
Step 3 - Similar to the previous step, also provision the manner in which the receiver will access the funds. The most common delivery methods include RON bank deposit, cash pick up in a physical provider location or agent's office, mobile wallet credit and mobile airtime popup.
Step 4 - Provision recipient details including name and address.
Step 5 - Decide how much Euro amount you want to send from Cyprus.
Step 6 - Optionally, check if there are any deals or promotions going on. You can rely on RemitFinder to provide you this information. Discounts help you save even more, so be sure to use one if available.
Step 7 - Validate all the information for accuracy and start your transaction.

From this point on, the remittance company will keep you posted on the progress of your transaction. Be sure to check with your recipient in Romania to validate that they get the money once the transaction clears.

1 EUR	5.09 RON
5 EUR	25.45 RON
10 EUR	50.89 RON
25 EUR	127.23 RON
50 EUR	254.46 RON
100 EUR	508.92 RON
150 EUR	763.38 RON
200 EUR	1,017.84 RON
250 EUR	1,272.30 RON
300 EUR	1,526.76 RON
400 EUR	2,035.68 RON
500 EUR	2,544.60 RON
600 EUR	3,053.52 RON
700 EUR	3,562.44 RON
800 EUR	4,071.36 RON
1000 EUR	5,089.20 RON
1500 EUR	7,633.80 RON
2000 EUR	10,178.40 RON
2500 EUR	12,723.00 RON
3000 EUR	15,267.60 RON
4000 EUR	20,356.80 RON
5000 EUR	25,446.00 RON
10000 EUR	50,892.00 RON
15000 EUR	76,338.00 RON
20000 EUR	101,784.00 RON
30000 EUR	152,676.00 RON
40000 EUR	203,568.00 RON
50000 EUR	254,460.00 RON
100000 EUR	508,920.00 RON

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