🇷🇴 Pay Suppliers in Romania
Pay Romanian manufacturers for automotive, textiles, IT services, furniture
T+0 (2.3s avg within Unicorn network). Save 80% vs traditional banks.
What you need to send money to Romania
What details do I need to pay suppliers in Romania?
To pay suppliers in Romania you need the recipient's IBAN (International Bank Account Number (SEPA)), plus account number and beneficiary name. Payments typically settle in 2.3 seconds and cost 0.5% FX spread + £5 per payment.
How fast are payments to Romania?
Payments to Romania settle in an average of 2.3 seconds when using local rails such as ReGIS (Romanian Electronic Instant Payment), compared to 2–3 days via traditional SWIFT.
How much does it cost to send money to Romania?
Unicorn Currencies charges 0.5% FX spread and £5 per payment. You save about 80% versus banks (e.g. £505 vs £2530 on a £100k transaction).
Cost Comparison: Banks vs Unicorn Currencies
See how much you save on £100,000 payment to Romania
| Cost Item | Traditional Banks | Unicorn Currencies |
|---|---|---|
| FX Spread | 2.5% | 0.5% |
| Payment Fee | £30 | £5 |
| Total Cost (£100,000) | £2,530 | £505 |
| YOUR SAVINGS | N/A | £2,025 (80%) |
| Settlement Time | 2-3 days (SWIFT) | T+0 (2.3s avg within Unicorn network) |
Local Payment Rails in Romania
Avoid expensive SWIFT fees. We use local payment systems in Romania for faster, cheaper settlement.
ReGIS (Romanian Electronic Instant Payment)
National Bank of Romania instant payment system
SENT
Electronic payment system for large-value transactions
Who Uses This Payment Corridor
Key Industries in Romania
- Automotive
- Textile & Apparel
- IT Services
- Furniture Manufacturing
- Agriculture
Average Transaction: £40k-£180k
Typical Monthly Volume: £120k-£800k
Popular Supplier Types
- Automotive parts (Pitești, Craiova)
- Textile manufacturers (Iași, Timișoara)
- IT service providers (Bucharest, Cluj-Napoca)
- Furniture makers (Suceava, Brașov)
What You Need to Know: Romania Payments
Regulatory Considerations
- National Bank of Romania (BNR) regulations
- VAT (19%) documentation required
- EU customs procedures apply
- Fiscal registration code (CIF) verification
Payment Tips for Romania
- 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
Why Choose Unicorn for Romania Payments
Local Rails, Not SWIFT
We use ReGIS (Romanian Electronic Instant Payment) and other local systems in Romania. Avoid 3-4% SWIFT fees and 2-3 day delays.
80% Lower Costs
Save £2,025 on every £100,000 payment. On £120k-£800k monthly volume, save up to £60,750 annually.
Bank of Canada Supervised
Registered Payment Service Provider (PSP) and FINTRAC MSB. Full regulatory compliance for Romania payments.
Real-Time FX Tracking
Upload supplier invoices in RON. See live P/L as GBP/RON rates move. Lock rates for 15 seconds before committing.
£1,000,000+ Paying Suppliers in Romania? Save 80%
Enterprise treasury for import/export businesses with T+0 (2.3s avg within Unicorn network) settlement to Romania
For businesses with high annual FX volume. Not consumer transfers.