🇨🇦→🇷🇴
Send Money from Canada to Romania
Businesses in Canada paying Romania suppliers for Automotive. Send CAD from Canada, receive RON in Romania with t+0 (2.3s avg within unicorn network).
✓ Competitive Advantage: Local CAD collection + local RON delivery = no correspondent bank fees
Save £2,025 per £100k Payment
Canada to Romania corridor savings
Traditional Bank
£2,530
- ❌ 2-3 day settlement
- ❌ Multiple correspondent banks
- ❌ Hidden FX margins
- ❌ High SWIFT fees
Unicorn Currencies
£505
- ✓ T+0 (2.3s avg within Unicorn network)
- ✓ Local CAD collection
- ✓ Transparent 0.5% spread
- ✓ ReGIS (Romanian Electronic Instant Payment)
Your Savings
80%
£2,025 per £100k
At £300k-£3M monthly, save £5,068/year
Sending from Canada: What You Need to Know
CAD Origin Specifics
- CAD commodity currency (tracks oil/resources)
- Interac e-Transfer for fast payments
- FINTRAC oversight
Your Local Advantages
- Local CAD account available
- EFT (Electronic Funds Transfer) instant collection
- No correspondent bank fees on origin side
Local Collection Method
EFT (Electronic Funds Transfer)
T+1 to T+3 • Canadian domestic bank transfers. Standard clearing.
Paying Suppliers in Romania: Compliance & Requirements
Regulatory Considerations
- National Bank of Romania (BNR) regulations
- VAT (19%) documentation required
- EU customs procedures apply
- Fiscal registration code (CIF) verification
Payment Best Practices
- Romania = Emerging EU manufacturing base, competitive costs
- ReGIS instant payment for fast settlement
- Strong IT services sector (Bucharest tech hub)
- Lower labor costs than Western Europe - growing nearshoring
Destination Settlement
T+0 (2.3s avg within Unicorn network)
via ReGIS (Romanian Electronic Instant Payment)
Canada → Romania Corridor Insights
Popular Industries
- Automotive
- Textile & Apparel
- IT Services
Peak Trading Hours
EST/PST (GMT-5/-8) to GMT time zone consideration
Best for rate execution and faster settlement
Typical Volume
£50k-£250k
Average transaction size for this corridor
Monthly volume: £300k-£3M
Compliance Notice: Subject to sanctions and compliance screening. Certain industries and countries not supported.
Ready to Send CAD from Canada to Romania?
Save 80% on every payment with t+0 (2.3s avg within unicorn network). Local CAD collection available.
Bank of Canada registered PSP | FINTRAC licensed MSB