Send money online from abroad

05.12.23

Tips: How to Advantageously Send Money Online to an Account in Romania from Abroad

Living in the Netherlands comes with numerous opportunities and challenges. For most employees through DB Work, efficiently managing earned money and performing online money transfers to family back home in Romania becomes a monthly priority.

Therefore, DB Work has prepared a series of tips to help you choose the most advantageous option when you want to send money online, especially during holidays or whenever you wish.

If you are already working in the Netherlands through DB Work, you know that one of the conditions for successful collaboration with employers in this country is opening a Euro bank account: either you have opened such an account at a bank in your home country, or you opted for opening an account in the Netherlands using the Bunq app. In this case, the best option for you and your family is to ensure the money reaches its destination in the native country's currency.

How Can You Send Money Online from Abroad to Romania?

You should know that there are several methods to send money online to your family. It is important not only to choose a service advantageous in terms of potential fees or charges but also convenient and practical for you.

  • Bank Transfers Using Mobile Apps: If your bank offers international transfer services via its mobile app, you can use this option to make transfers quickly and easily.
  • Online Transfer Services (Wise, TransferGo, Revolut, etc.): Some of these offer competitive services and fees.
  • Online Financial Assistance: Using online financial services such as Western Union or MoneyGram to send money online.
  • Other international money transfer options, like PayPal, money orders, or prepaid cards, either involve higher costs or require more time investment.

 

Things to Consider When Sending Money Internationally

Before choosing a method to send money online to an account abroad, make sure you evaluate the costs, exchange rates, and conditions associated with each method, to choose the most suitable one according to your needs and those of your family. Here are the tips we offer:

  1. Compare money transfer services. There are a variety of money transfer services available, and fees and exchange rates can vary considerably. Investigating and comparing these can help you find the solution that best fits your needs and save money over time.
  2. Monitor exchange rates. Exchange rates can fluctuate depending on the market, so you should be aware of these changes. Waiting for a favorable moment to make transfers can maximize the amount received back home.
  3. Use specialized transfer services. Some money transfer services, like Bunq or Revolut, specialize in international transactions and offer better rates and exchange rates than traditional banks. Investigating these options can lead to significant savings.
  4. Plan transfers in advance. Scheduling transfers in advance can offer additional financial benefits, as some services offer preferential rates or reduced fees for scheduled transactions.
  5. Avoid hidden fees: When choosing a money transfer service, make sure you know all the costs involved. Some services may have hidden fees or additional costs, so read the terms and conditions carefully.

At DB Work, we are here to support you at every stage of life in the Netherlands. We hope these tips will help you make informed choices and manage sending money online back home efficiently.

Here are the extra benefits that you will get with a DB Work contract

 

Learn more about the benefits offered by DB Work contracts! Are you ready for your new career in the Netherlands? If you are interested in a job in the Netherlands, send your updated CV to job@dbwork.com.