Canonical: https://unicorncurrencies.com/send-money-to/romania/

# Intelligence: Sending Money to Romania

## Banking Requirements

- **Code:** **IBAN**

- **Format:** International Bank Account Number (SEPA)

## Route Context

- **Use case:** Pay Romanian manufacturers for automotive, textiles, IT services, furniture

- **Published local rails:** ReGIS (Romanian Electronic Instant Payment), SENT

- **Timing note:** Settlement and credit timing depend on rail availability, funding, cut-offs, compliance review, correspondent handling, and receiving-bank release.

## Payment Control

- Check beneficiary details before release.

- Confirm payment purpose and invoice context.

- Keep proof available if the supplier says funds have not arrived.

- Review deductions if the amount lands short.

## Regulatory

- National Bank of Romania (BNR) regulations

- VAT (19%) documentation required

- EU customs procedures apply

- Fiscal registration code (CIF) verification

## Key Industries

- Automotive

- Textile & Apparel

- IT Services

- Furniture Manufacturing

- Agriculture

## Tips

- 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