Question 1

What's the best way to transfer money from Romania to Portugal?

Accepted Answer

There are many good choices when it comes to sending money from Romania to Portugal. 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 Romanian Leu to EUR money transfers.

We compare different remittance companies to bring you the best options to send money to Portugal from Romania. 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 Romanian Leu to Euro 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 rate to transfer money to Portugal from Romania?

Accepted Answer

One of the key factors in getting the best rate for your next money transfer is awareness of what your choices are. With so many remittance service providers out there, you would want to choose the one that suits your needs best for sending money to Portugal.

The RemitFinder comparison platform compares several forex service providers so you can get the maximum return on your Romania to Portugal transfer. Simply search for your countries and inspect various options in one place. This will allow you to decide which company is the most appropriate one for you.

You may also want to sign up for our free exchange rate alert for your RON to Euro money transfers. This way, you can get notified of the best rates on a daily basis, and send money when rates are higher.

Question 3

What's the cheapest way to send money from Romania to Portugal?

Accepted Answer

One of the most important things to watch out for is hidden fees when sending money to Portugal from Romania. Most of the time, you will get ripped off if you have no choice, or very few choices. For instance, if you send money to Portugal using your bank, you are most likely paying high fees. You may also not be getting the best exchange rate on your Euro foreign exchange transaction.

RemitFinder partners with many money transfer companies that provide you with cheap options to ensure you get the best RON to Portugal exchange rate. The more choices you have, the better yield you get. This is because you can get creative with exchange rates and fees to determine the cheapest option for you. For instance, one company may be giving a very high rate but charging a steep fee as well, while another provider may have a slightly lower rate, but 0 fee. All of this also depends on how much amount you send. It is very much possible that as the transaction amount varies, one money transfer operator gives a better return than the other, and vice versa.

Our partners also provide our customers with many offers and promotions. These could be seasonal (around key holidays and festivals) or ongoing. Making use of these deals will further reduce your cost, and help ensure you use the cheapest way to send money to Portugal from Romania.

Question 4

How to send money to Portugal from Romania through a bank?

Accepted Answer

Bank transfers have been a traditionally popular way to send money overseas from Romania to Portugal. But, with the explosion of so many Fintech startups specializing in remittances, it is worth asking yourself if you should still be using your bank for sending funds internationally.

In general, banks tend to charge much higher fees compared to newer remittance companies that specialize in online operations. It is also possible that the RON to EUR exchange rate you get from your bank may not be the best. In fact, high fees and below par exchange rates are two of the most popular ways banks make money on remittances.

We, therefore, recommend that before you use your Romania bank for your Portugal money transfers, you explore various other options to carefully review your total cost (represented by transaction fees) as well as the exchange rate you will get. Combined, these two factors will have a direct impact on how much money your recipient gets from your transaction.

Question 5

How to send money to Portugal from Romania fast?

Accepted Answer

The speed of your Romanian Leu to Euro 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 RON to EUR. 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 Portugal from Romania 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 Portugal 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 EUR into a mobile wallet, or even do a mobile airtime popup. These methods would be faster than Romania bank to Portugal bank transfer.

Question 6

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

Accepted Answer

Comparing money transfer companies for sending money to Portugal from Romania 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 Portugal. 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 Romanian Leu to Euro 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 Euro yield on every Romanian Leu that you send.

Question 7

Step by step guide to send money from Romania to Portugal

Accepted Answer

There are many important aspects of Romania to Portugal 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 - Romania 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 EUR 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 Romanian Leu amount you want to send from Romania.
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 Portugal to validate that they get the money once the transaction clears.

1 RON	0.20 EUR
5 RON	0.98 EUR
10 RON	1.96 EUR
25 RON	4.91 EUR
50 RON	9.82 EUR
100 RON	19.64 EUR
150 RON	29.46 EUR
200 RON	39.28 EUR
250 RON	49.10 EUR
300 RON	58.92 EUR
400 RON	78.56 EUR
500 RON	98.20 EUR
600 RON	117.84 EUR
700 RON	137.48 EUR
800 RON	157.12 EUR
1000 RON	196.40 EUR
1500 RON	294.60 EUR
2000 RON	392.80 EUR
2500 RON	491.00 EUR
3000 RON	589.20 EUR
4000 RON	785.60 EUR
5000 RON	982.00 EUR
10000 RON	1,964.00 EUR
15000 RON	2,946.00 EUR
20000 RON	3,928.00 EUR
30000 RON	5,892.00 EUR
40000 RON	7,856.00 EUR
50000 RON	9,820.00 EUR
100000 RON	19,640.00 EUR

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