Banca Transilvania, is a universal commercial bank based in Romania. Banca Transilvania Financial Group is a financial intermediation, consulting, investment, and pension fund management company that also offers leasing services. According to the National Bank of Romania, the bank ranked top in the country in terms of net assets in 2020.
Here's how to deposit money into a Banca Transilvania account from Canada:
The first step in utilizing RemitBee is to register for an account. There's also a simple digital wallet integrated.
Please complete the fields with your full name, address, and job title. The verification process requires an e-mail address and a valid mobile phone number.
After that, you'll need the recipient's email address and phone number. The SWIFT/BIC code and IBAN of the destination bank must also be provided.
After you've input the transfer amount, you'll need to choose a payment method. To complete your transaction, simply follow the on-screen instructions. Currency rate changes have no effect on fees.
Once the transfer is complete, you will receive an email. With the RemitBee app, keeping track of your remittances has never been easier.
There are several advantages to using RemitBee for international money transfers. Listed below are a few examples:
You may send money to anyone, at any time, with RemitBee. You'll save time because you won't have to go to a bank or a money
transfer store. You may put your trust in us because of our considerable knowledge and excellent track record in international money transfers
The funds will be available immediately when the transfer is completed.
If you send $500 or more, the RemitBee wallet does not charge you anything extra.
Before you start a RemitBee transfer, make sure you have the necessary information:
The recipient's full name as it appears on their bank statement
The recipient's home address and mobile number
SWIFT/BIC code for Banca Transilvania (BTRLRO22XXX)
International Bank Account Number (IBAN) of the recipient
We at Remitbee realize how important every dollar you send to your family is. We also understand how banks and other companies limit your exchange rates with hefty fees and margins. As a result, we offer the best CAD to RON exchange rate in Canada and only charge a 0.3 percent to 0.5 percent margin to cover our operating expenses.
Additionally, you will not be billed any added expenses whenever you pay by bill payment, e-Transfer, or EFT for transfers above $500. Seeing how much it will cost you before transferring funds is what makes RemitBee special. We don't hide anything!
International wire transfers take place using the SWIFT network. Transfer instructions are sent from the sender’s bank to the recipient’s bank and any fees are assessed before the transfer is approved. One of the banks will calculate the exchange rate CAD to RON, and the money is moved between accounts.
Get $20 for every successful referral while the referred person gets $10 towards their first transaction. Use your unique referral code to invite your friends and register with it. Once they send their first transfer of at least C$200 or exchange at least C$1,000, you’ll get C$20 credited to your RemitBee account. There is no limit on the number of referrals you can make so the earning potential is endless! So, keep referring and earning with RemitBee.
Electronic money transfers, debit or credit card payments, bill payment, and Interac Online are all acceptable methods of payment.
For the time being, the sole option is a bank transfer. Transactions can take anywhere from a few minutes to a full business day. Some transactions can be received instantly.
When you verify your account, you may send up to $9,000 CAD per day and $50,000 CAD per month.
Any transfer of 500 CAD or more is entirely free. The transaction fees for sending less than $500 CAD are mentioned below:
Interac Online - $2.99
E-transfer – Free
Bill Payment – Free
Electronic funds Transfer - Free
Visa or Mastercard Debit - $2.99+
The CAD to RON exchange rate is currently 1 CAD for RON. This changes daily.
Your verification level determines the maximum amount you can send. Here's what you need to know:
The minimal Verification Level 1 allows you to send only 50 CAD daily, and up to 500 CAD monthly.We recommend Verification of Level 2.
It will allow you to send up to 3,000 CAD daily, and up to 25,000 CAD monthly.For users who need to transfer larger amounts of money we also have a good option – Verification Level 3.
It allows you to send 9,000 CAD daily, and up to 50,000 CAD monthly.
We are also working on Verification Level 4 to provide our customers with even higher sending limits. Remember, verification is a one-time process.
Once you have been verified, there is no need to provide any other documents.