Send money to Moldova

2020-04-14
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Money Transfer Guides
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Oras ng pagbasa: 3 min
How to send money to Moldova

The Moldovan diaspora is spread across much of Europe and North America, although the most popular places for Moldovans expats to live and work abroad in are Russia, Ukraine and Italy, each of which are home to over 100,000 Moldovans.

People from Moldova who want to make money transfers to their friends and families back home need a reliable and affordable money transfer service to make sending money hassle-free and to ensure that their loved ones receive as much as possible.

How can I send money to Moldova?

There are several ways to send money to Moldova, and the speed and cost of your money transfers will depend on the method you choose. You could go for a traditional money transfer service, like a high street bank, but sending money this way can be expensive as a result of high transfer fees and poor exchange rates, resulting in a smaller amount being received by your friends and family in Moldova.

Another way to send money to Moldova is to use an online platform or smartphone app, which can be much faster and more convenient for both the sender and the recipient, with near-instant transfers and no in-store queueing.

Paysend offers an affordable, fast and hassle-free way of sending money to Moldova from the UK or any other destination. Paysend’s clear and simple app has over 1.6 million users, and gains over 3,000 new customers every day! Paysend allows you to send money directly to a credit or debit card in Moldova.  

How much does it cost to send money to Moldova?

It costs only £1, $2 or €1.50 to send money to Moldova with Paysend, no matter how much you want to transfer. Our low fees mean that your recipients will have even more money to spend when the funds reach them in Moldova. For example, if you want to send £200 or £2,000 from the UK to Moldova, it will cost you just £1 in transfer fees either way.

How much will my recipient receive?

Paysend uses excellent, competitive exchange rates, which, along with our low fees mean that we provide some of the cheapest money transfers to Moldova. You can see the current MDL exchange rate and find out exactly how much your recipient in Moldova will receive on the “Send Money to Moldova” page.

How long does it take to transfer money to Moldova?

Money sent using Paysend will usually reach the recipient in Moldova within a few seconds of being sent, although could take up to three days working days depending on the receiving bank’s processing times.

Download the Paysend app now to start making fast, simple and low-cost money transfers to Moldova.

 

Download Paysend App

Mga Pinakabagong Post

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Here's the short answer: yes, you can use a credit card to get money into someone's bank account abroad. "Credit card to bank transfer" means exactly that — you fund the transfer with your credit card, and your recipient receives it in their bank account. Or on their card, in their wallet, or as cash to collect, depending on where they are.

The card and the bank account do different jobs. Your card pays for the transfer. A provider like Paysend then pays the money out through local systems on the other end. It's one flow, and it takes about a minute in the app.

One thing worth knowing before you start: a credit card is usually the most expensive way to fund a transfer. Some issuers treat it as a cash advance, and credit tends to carry higher payment fees than debit. You'll always see the full cost, exchange rate included, before you confirm anything. What follows is: the ways your money can arrive, what each one costs, how fast it gets there, and the cheaper routes worth checking first.

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Every month, thousands of people working in the Czech Republic send part of their payday home — many of them Ukrainians supporting family across the border. And the traditional route makes it harder than it should be: bank wires that ask for IBANs and SWIFT codes, fees that only show up after the money's gone, and days of waiting while someone at home is counting on it.

Pavel Štich has spent years helping his readers solve exactly that. He's Co-Founder and Lead Financial Editor at Moneyo.cz, an independent Czech platform that compares money transfer services, stock brokers, and alternative investments — and a Paysend Ambassador, which means he tests what he recommends, explains it plainly, and brings his readers reader-only perks. We asked him how Moneyo started, who reads it, and why he chose Paysend.

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