Highest remittance rate for converting 1 EUR to RON = 1.22
There are multiple ways of sending money from Germany to Romania thanks to the high number of Romanian’s residing in Germany. If you are one of them or simply looking for the best way to send money to Romania then you are in the right place. Discover some of the top choices of international money transfer services that can complete your transaction without any compromise.
Many people are stuck between options when it comes to sending money from Germany to Romania because of the many available and confusing options. Thanks to Exchange Rate IQ however, you can quickly select a suitable money transfer service and learn how services like XE Money can make life easier for you.
Germany and Romania are known to be great business partners. Today, there are over 250,000 Romanian’s who are employed by German companies. With that stated, it is safe to say that there is dire need for reliable money transfer services for EUR to RON conversions. With so many options in the market, it can be a great challenge to send money to Romania from Germany if it is your first time. At Exchange Rate IQ, we help people like you to complete their transfer without charging any fee whatsoever.
If you were to conveniently send money across borders today, you are most likely to do so through bank transfer, online transfer or cash delivery services.
Bank transfers: With so many Romanian migrants already working in Germany, it is only fair to have a bank transfer system that makes it easy for the migrants to send money to their loved ones. When sending money from Germany to Romania through bank transfer, you will want to pay more attention to the provided exchange rates. Always try your best to find a bank that uses updated exchange rates by studying the exchange market reports. That way, you will reduce any chances of uncertainty that can affect the cost of service. Keep in mind that the higher the exchange rates, the lesser you will spend on your transfer.
Online money transfer: According to users, this is one of the cheapest ways to send money from Germany to Romania. That is because the industry is highly competitive with services like XE Money and XendPay allowing users to send money free of charge. The good thing with online money transfer is that there is a wide variety of options to go with depending on the kind of transfer that you want to make. It is also good to know that as much as you would like to use the service to send money to Romania, you have to be cautious so that you don’t send money using a company that does not exist in Romania. Doing so can prove to be complicated and costly that it will create a lot of inconveniences. Some of the most popular online money transfer services that you can consider to send money from Germany to Romania include; Remitly, Ria, Xoom, TransferGo, TransferWise, and, WorldRemit.
Cash delivery: Through services like Western Union, Travelex and MoneyGram, you should be able to send money from Germany to Romania for pick up. According to many users, this is one of the fastest ways to send money from Germany to Romania. With the technological advancements taking place in the international remittance industry, you can today access these services and even initiate your transfer through a computer or mobile phone. The recipient on the other hand will have to collect their money from a designated location, usually a branch of any of the mentioned companies in Romania. What many people like about cash delivery and pick up services is that their processes are fast and easy to follow.
In order to send money from Germany to Romania successfully, you will need to keep the following in mind:
Service availability: As stated earlier, it is important to make sure that you use a service that is available in both countries. That way, you will make it easy even for the recipient to access their money.
Exchange rates: If you don’t know it, there are some cash transfer services who deliberately delay updating their exchange rates as provided by the stock exchange market. This they do in order to benefit from the low rates which will see you spend more for your transfer.
Cost of service: You have to know how much a particular service costs so that you can prepare adequately for the transfer. If you send money without knowing how much the service cost, you may not be able to afford the service or, you will have to send less money than expected.
Service duration: At least know how long money will take to reach Romania from Germany. It can take anything from 15 minutes or even over 5 days for your money to reach Romania depending on the kind of service you choose to transfer money from Germany to Romania.