Send money from Kuwait to Romania
Read this part before anything else: Grey does not convert to lei. What reaches a Romanian account from Kuwait is a euro credit through SEPA, and the recipient's own bank handles lei if lei is what they want. For some households that is exactly right, and for others it is not.
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A euro credit, not a leu payment
Romania is the one European destination on this list where Grey does not deliver the local currency. Your balance converts to euro, the euro travels through SEPA, and it lands in the recipient's Romanian IBAN at Banca Transilvania, BCR, BRD Societe Generale or another Romanian bank as a euro credit. If they need lei, their bank converts, at their bank's rate and on their bank's terms.
That suits a recipient who already holds a euro account, anyone settling something priced in euro, and a business invoicing in euro. It suits a household that needs lei in hand the same afternoon rather less, and it is better to know that now than after the transfer.
Sign up, fund, send
Sign up
Verification takes about five minutes and one valid identity document. The account itself is free, and Romania appears as a destination once you are through.
Fund
Dinar is not a balance Grey offers. You fund dollars, provided by Lead Bank, pounds or euro from income arriving, and euro is the one worth building for Romania.
Send
Enter the recipient's Romanian IBAN. Grey shows the euro amount and the fee, and what arrives in Romania is that euro amount, not a leu equivalent.
Two conversions, and only one of them is ours
So the comparison you should be making depends on what happens at the other end. If the money is staying in euro, compare our euro figure against anyone else's euro figure and stop there. If it is going into lei, add the receiving bank's own spread to the calculation, because that is the number the household will actually feel.
Some Romanian banks convert cheaply and some do not. Ask the person receiving to check theirs once. It is a five minute question that changes the answer for every transfer afterwards.
The euro figure does not change after you confirm
The rate is fixed at confirmation, so the euro amount shown in Kuwait is the euro amount that reaches the Romanian IBAN. Movement after you tap send does not touch it.
What Grey cannot fix is the rate the receiving bank uses if the household converts to lei later. That is why sending a round euro figure, agreed in advance with the person receiving, tends to work better on this route than sending an amount worked back from a leu target.
Why Romanians in Kuwait end up comparing this carefully
Romanian construction and engineering staff have been a real presence on Gulf projects for years, and the people on them are not new to this. They have used exchange houses in Farwaniya and Fahaheel, they have sent through Kuwaiti bank wires, and they know that the fee on the receipt was never the whole story. A euro credit through SEPA is a different shape of transfer: one price on the way out, and a currency question left with the household in Romania rather than buried in the rate.
What arrives in Romania
A euro credit in the recipient's Romanian bank account, arriving through SEPA as a standard European transfer. It shows in their banking app like any other euro payment, and no Grey account is needed on their side.
Straight to the IBAN
Banca Transilvania, BCR, BRD Societe Generale and other Romanian banks all take the credit at the IBAN you enter.
Euro, stated plainly
What posts is euro. Any move into lei happens afterwards, at the recipient's bank, on that bank's terms.
Saved recipient
Store the IBAN once and the next transfer from Kuwait is three taps.
Where the euro comes from in the first place
The balance comes first. Since Grey does not hold dinar, it is fed by money arriving from outside Kuwait, and for this route euro is the balance worth accumulating.
Euro income
Euro paid to you by an employer or client outside Kuwait can reach a Romanian IBAN without Grey converting anything.
Dollar payroll
Offshore dollars, provided by Lead Bank, convert to euro in one step when the Romanian payment falls due.
An existing balance
Money already sitting on Grey goes out as euro the same day you decide to send it.
Transfers are encrypted and trackable from confirmation to settlement, so a euro credit on its way to Cluj or Iasi is never a matter of guesswork.
Who sends from Kuwait to Romania
Construction and engineering crews
Site and technical staff on Gulf contracts sending a fixed sum home each month to a spouse or parent in Romania.
Euro obligations at home
Payments priced in euro in Romania, where a euro credit removes the need for anyone to convert twice.
Family support
Regular transfers to parents in Bucharest, Brasov or the smaller towns, covering bills and medical costs.
Business payments
Paying a Romanian supplier, subcontractor or software team that already invoices in euro.
The community here is mostly working, not settled: people on project contracts who intend to go home, supporting a household that stayed in Romania.
Why send to Romania with Grey
The worst version of this transfer is the one where nobody told the household in Romania that euro was coming and their bank converted it at whatever rate it felt like. One conversation prevents that, and it only has to happen once.
Grey converts your balance to euro at a rate fixed when you confirm and delivers it to the Romanian IBAN through SEPA.
FAQs
Will my family in Romania receive lei or euros?
Euros. Grey does not convert to lei on this route. The euro credit reaches the Romanian IBAN through SEPA, and their bank converts if they choose.
Why does Grey send euro to Romania instead of lei?
Romania is a euro-credit destination on Grey, so the payment travels through SEPA as euro and any leu conversion happens at the recipient's own bank.
Who is a euro credit to a Romanian IBAN best suited to?
Anyone holding a euro account at Banca Transilvania, BCR or BRD, and anyone settling something in Romania that is already priced in euro.
What if my family needs lei straight away?
Their Romanian bank converts the euro credit at its own rate, which is worth checking once before this becomes a monthly arrangement.
Which Romanian banks receive the euro credit?
Banca Transilvania, BCR, BRD Societe Generale and other Romanian banks all accept the euro credit at the IBAN you enter in the app.
Does Grey take anything from the leu conversion at the Romanian bank?
No. Grey converts once, into euro, and shows that rate and fee. Whatever the receiving bank charges to move euro into lei is separate.
Can I send to Romania from a euro balance on Grey?
Yes, and nothing is converted by Grey when you do. Euro sitting on your balance reaches the Romanian IBAN as euro, with only the fee applied.
Can I hold Kuwaiti dinar on Grey before sending euro to Romania?
No. Grey offers dollars, provided by Lead Bank, pounds and euro only. Euro is the balance worth holding, since Romania receives a euro credit.
Does my recipient in Bucharest need a Grey account?
No. A Romanian bank account is enough. The euro arrives as a standard SEPA credit with nothing for them to install or sign up to.
Is the euro amount fixed before I confirm the Romanian transfer?
Yes. The rate is fixed at confirmation, so the euro figure shown in Kuwait is the euro figure that lands in the Romanian account.
Is Grey a bank, and who credits the euro at Banca Transilvania?
Grey is a financial technology company registered with FinCEN, not a bank. The euro arrives at Banca Transilvania through SEPA like any European credit.
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