Coinepay Global Remittance lets you send money to Romania from your verified account, with the exchange rate and any fees shown clearly before you confirm. This guide walks through what you need, the local payout methods you can choose, and how to track a transfer once it is on its way.
Before you start
To send a cross-border transfer you first need a registered Coinepay account with identity verification (KYC) completed. If you have not signed up yet, you can create an account and finish verification in the iOS app, the Android app or the 24/7 web dashboard.
Coinepay supports transfers to Romania. Every transfer is subject to identity verification, sanctions screening and local regulations, so Coinepay may ask for supporting documents such as the purpose of the payment or the source of funds. Providing accurate information up front helps your transfer move smoothly.
What you need from your recipient
- The recipient's full legal name, spelled exactly as it appears on their bank records or ID.
- The payout details for the method you choose (see below).
- Their country (Romania) and, where relevant, their contact details so they can be notified.
Romania's currency and bank details
Romania's local currency is the Romanian leu (RON). Although Romania is part of the SEPA zone for euro payments, it has not adopted the euro, so RON is the local currency. Being in SEPA does not make EUR the domestic currency.
For a bank deposit in Romania you will typically need the recipient's IBAN. A Romanian IBAN is 24 characters: the country code RO, two check digits, a four-letter bank identifier and 16 further account characters. The Romanian IBAN format has no separate branch-identifier field. Depending on the payment route, you may also be asked for the recipient's bank name and a SWIFT/BIC code.
Formats used in other countries - such as an Indian IFSC, a Mexican CLABE or a US routing number - are not part of the Romanian IBAN. If Coinepay asks for any additional routing or intermediary-bank detail, the app will prompt you for exactly what is required.
Payout methods you can choose
Coinepay supports common local payout methods. The options available for a given corridor are shown in the app when you set up the transfer; choose the one that suits your recipient.
Bank account deposit
Funds are paid into the recipient's Romanian bank account. You will need their full legal name and IBAN, and possibly the SWIFT/BIC and bank name depending on the route. Make sure the account can receive the currency you are sending; using details that match the incoming currency and the correct local or international route helps avoid a return.
Mobile wallet
Coinepay supports mobile-wallet payouts where available. For a wallet payout you generally need the recipient's registered name and the mobile number or wallet identifier linked to their account. Because the specific wallet providers and their availability for the Romania corridor can change, check the live payout options shown in the Coinepay app when you create the transfer and pick a wallet your recipient actually uses.
Cash pickup
With cash pickup, your recipient collects the money at an agent location. They will need the transfer reference or tracking number, the name exactly as you entered it, and accepted identification. Confirm the recipient's name matches their ID before you send, because pickup locations verify identity at the counter.
Step-by-step: sending the transfer
- Open Coinepay and go to the Global Remittance or Send Money section in the app or dashboard.
- Choose Romania as the destination and select the payout method (bank deposit, mobile wallet or cash pickup).
- Select the currency and enter the amount. Decide whether you are sending in your own currency or in RON; the app will handle the conversion.
- Enter the recipient's details for the method you chose - full legal name plus IBAN (and SWIFT/BIC if prompted) for a bank deposit, or the wallet/pickup details described above.
- Review the exchange rate and fees. Coinepay shows the rate and any fees clearly before you confirm, so you can see what the recipient will receive. Check every field carefully at this stage.
- Confirm the transfer. If Coinepay requests documents - for example the purpose or source of funds - upload them so compliance screening can proceed.
- Track the status. Every transfer has status tracking in the app and dashboard, so you can follow it from submitted through to paid out.
Recipient-side considerations
Romanian credit and financial institutions have anti-money-laundering reporting duties. For external account transfers, institutions report amounts reaching the RON equivalent of €10,000 (including linked transactions); for money-remittance activity, reporting applies from the RON equivalent of €2,000. These are reporting obligations on the institutions - not caps on how much your recipient may receive. Separately, some income earned from abroad may need to be declared by the individual through Romania's Declaraas Unic a (unique declaration), depending on what the payment represents. The EU's €10,000 cash-declaration rule concerns physical cash carried across borders, not an ordinary bank transfer. If your recipient is unsure about their own tax position, they should consult a local adviser.
Troubleshooting
Wrong recipient details
An incorrect IBAN, a misspelled name or a closed account can cause a transfer to be rejected or returned. Double-check every character of the IBAN and that the name matches the account holder exactly before you confirm. For cash pickup, make sure the name matches the ID the recipient will present.
Compliance review
Transfers are screened against sanctions lists and may be held for a security or compliance check. Coinepay may ask for ID or evidence of the purpose or source of funds. Respond promptly with clear documents to help release the transfer. Coinepay does not serve sanctioned persons or jurisdictions under comprehensive sanctions.
Delays
Common causes include the time to fund the transfer from your side, security checks or document requests, the receiving bank's own processing, and weekends or bank holidays. You can watch progress at any time using the status tracker.
Returned transfers
A transfer may be returned for incorrect or closed account details, an unsupported currency or route, or unresolved documentation requests, and a receiving provider can decline a payment even when the details look correct. If this happens, check the details, confirm the correct currency and route with your recipient, and resubmit. For help, contact Coinepay support or reach the team on Telegram.
Get started
Once your account is verified, you can send to Romania from the app or dashboard in a few steps. Review the rate and fees shown before confirming, keep your recipient's details handy, and use status tracking to follow the payment. Learn more about Coinepay on the main site.
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FAQ
What details do I need to send money to a Romanian bank account?
You need the recipient's full legal name and their 24-character Romanian IBAN (starting with RO). Depending on the payment route, Coinepay may also ask for the bank's SWIFT/BIC and name. The app prompts you for exactly what is required.
What currency should I send to Romania?
Romania's local currency is the Romanian leu (RON). Although Romania is in the SEPA zone for euro payments, it has not adopted the euro. In Coinepay you can choose the currency, and the exchange rate is shown before you confirm.
What payout methods can my recipient use?
Coinepay supports bank account deposit, mobile wallet and cash pickup where available for the Romania corridor. Bank deposit needs an IBAN; cash pickup needs the tracking number and valid ID; wallet payout needs the recipient's registered wallet details. Check the live options in the app.
Why is my transfer to Romania delayed or on hold?
Delays can come from funding time, security or compliance checks, document requests, the receiving bank's processing, or weekends and holidays. Respond quickly to any request for ID or source-of-funds evidence, and track progress in the app.
Will my recipient have to pay tax or report the money?
Romanian institutions have their own AML reporting duties at certain thresholds, which are not caps on receiving money. Whether an incoming payment is personally reportable depends on what it represents. Your recipient should consult a local tax adviser if unsure.
