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HOMEMONEY TRANSFERAustralia
Send money from Australia to Romania

Send money from Australia to Romania

Read this part before you start. Grey does not pay lei. What reaches a Romanian account on this route is a euro credit into the IBAN, and the recipient's own bank turns it into lei if lei is what they want. For some senders that is fine. For others it is not, and it is better to know now than at the confirmation screen.
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Send money to Romania
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Who sends money to Romania from Australia

Romania is a newer corridor for Australia than most of Europe. The community here grew through skilled migration rather than post-war settlement: nurses and aged care workers, IT people, engineers, drivers and tradespeople, spread through Melbourne's north and west and across outer Sydney rather than gathered into one suburb.

The money goes back to Bucharest, Cluj, Timisoara, Iasi and a long list of smaller towns, and it does what first-generation money always does. Parents, a mortgage taken out before leaving, a sibling at university, a house being finished slowly over several years.

Which makes the currency question the important one on this page, because almost every one of those costs is quoted in lei.

Three steps to a euro credit

Grey foreign bank account in Ghana
Sign up
A document and a selfie verify you once. The free account opens in about five minutes and comes with a USD account in your name, provided by Lead Bank.
Fund
No Australian dollar balance exists to top up. Dollars, pounds or euro arriving from abroad are what fill the account before a Romanian payment goes out.
Send
Enter the Romanian IBAN at Banca Transilvania, BCR or BRD Societe Generale. The euro figure and the fee sit together on screen before you confirm.

The cost, and the second cost you do not control

The part Grey cannot show you is what the Romanian bank charges to move that euro into lei. Every bank sets its own rate for that, and it is applied after the money has already arrived.

So the honest comparison on this corridor is not euro against euro. It is the whole path from Australia to a lei balance, and a stretch of that path belongs to the receiving bank rather than to Grey.

How the euro rate works here

The conversion Grey performs is out of your USD, GBP or EUR balance into euro, and that rate is fixed when you confirm. It does not move afterwards and nothing is adjusted once the payment has gone.

If the recipient holds a euro account in Romania, and plenty of people do, the money simply sits there as euro and no second conversion happens at all. That is the case this route suits best.

How this compares with an Australian bank

An Australian bank sending to Romania does something structurally similar, but quietly. It converts at its own rate, routes through correspondents that can deduct along the way, and the Romanian bank still applies its own conversion at the end. The difference here is disclosure rather than mechanics. Grey tells you where the euro figure is set and where it stops being Grey's to control, which is more than a SWIFT advice note usually manages.

What the recipient in Romania sees

A euro credit landing in their Romanian IBAN through SEPA, the same way a euro payment from anywhere in Europe arrives. Their bank handles the lei if lei is what they want.

Romanian banks

Banca Transilvania, BCR and BRD Societe Generale among others.

IBAN only

Romania uses IBANs, so a single identifier covers the payout.

Usually minutes

From a funded balance the euro typically reaches the IBAN within minutes.

Getting money into the Australian account

Foreign currency reaching you is the source of everything here, because Grey holds no Australian dollar balance behind this corridor.

Work paid from abroad

Contract or salary income in USD, GBP or EUR credits the account.

Money held offshore

Your own funds abroad moved into the balance when it suits you.

GreyTag

An instant and free top-up from another Grey user.
If the person in Romania keeps a euro account, this corridor is clean from end to end. If they do not, treat their bank's conversion as part of the cost and ask them what it is.
Grey foreign bank account in Brazil.

What the money is for

Parents and grandparents

Regular support and medical costs for family in Bucharest, Iasi or a smaller town nearby.

A mortgage left behind

Repayments on a flat bought before leaving and kept rather than sold at the wrong moment.

Building and renovation

A house in the countryside finished one room at a time out of an Australian wage.

University costs

Fees and rent for a sibling or child studying in Cluj or Timisoara.

Skilled migration corridors send a recognisable set of things, and Romania is no exception to it.
Send money to Romania

Why Grey between Australia and Romania

No surprises about currency
The euro credit is described up front rather than met as a surprise on arrival.
Euro fixed before sending
The amount reaching the IBAN is agreed while you are still in Australia.
Best where a euro account exists
Recipients who hold euro avoid any second conversion entirely.
A licensed partner structure
Grey Inc is a financial technology company, not a bank. Banking services are provided by licensed banking partners. The transfer is encrypted and trackable all the way to the SEPA credit.
More than 80 countries
Romania is one destination on an account that covers many, with a virtual Mastercard alongside it.

It moves an agreed euro amount from Australia into a Romanian bank account quickly and visibly. It is not a lei product and there is no point pretending otherwise.

If the person receiving banks in euro, or is content for their own bank to convert, this is a straightforward route to use. If they need an exact lei figure on a given day, that number is not Grey's to promise.
Open a free Grey account

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FAQs

Will my family in Romania receive lei or euro?
expand
Euro. Grey credits euro to the Romanian IBAN through SEPA, and the recipient's own bank converts it to lei if they want lei.
Does Grey convert Australian money into Romanian lei?
expand
No. Grey converts your balance into euro, and any lei conversion happens afterwards at the receiving bank's own rate.
Who does this route to Romania actually suit?
expand
Senders whose recipient holds a euro account, or who accept that Banca Transilvania or BCR will convert to lei at its own rate.
Which Romanian banks can receive a euro credit from Grey?
expand
Banca Transilvania, BCR and BRD Societe Generale are among them, and the euro lands in the IBAN as a standard SEPA payment.
Can I know the exact lei amount before sending from Australia?
expand
No. The euro figure is fixed at confirmation, but the lei depends on the Romanian bank's own conversion after the money arrives.
Can I pay a Romanian mortgage from Melbourne this way?
expand
Yes, provided the lender accepts euro or the account converts it. The euro amount is agreed before the transfer leaves Australia.
Is a Romanian IBAN the only detail needed?
expand
Yes. Romania uses IBANs, so one identifier covers the payout, and Grey stores it for the next monthly transfer.
How long does a euro credit take to reach a Romanian account?
expand
From a funded balance, SEPA credits typically arrive within minutes, and the payment is trackable from confirmation through to settlement.
Can I fund a Romanian euro credit from Australian dollars?
expand
No. Grey holds no Australian dollars, so you fund USD, GBP or EUR from money reaching you and convert into euro.
Does my brother in Timisoara need a Grey account?
expand
No. The euro arrives in his existing Romanian account as an ordinary credit, with nothing for him to open or collect.
Why not use an Australian bank to send lei to Romania?
expand
A bank converts at its own unquoted rate and routes through correspondents, and the Romanian bank still converts at the end anyway.

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Grey is a financial technology company, not a bank. Banking services are provided by licensed banking partners. Canadian services are offered by Grey Finance Inc with registered address at 1285 West Broadway Suite 600 Vancouver BC V6H 3X8. Canada. Grey Finance Inc. is regulated by FINTRAC. US services are offered by Grey Inc. with its registered address at 651 N Broad St, Suite 206 Middletown DE 19709 US. Grey Inc is regulated by FinCEN. Copyright © Grey Inc. [YEAR].