Peculiarities of Moldovan Leu (MDL) currency and Visa/MasterCard usage in Moldova
Moldova (or Moldavia), since 1991, has been an independent state with its currency, which is called Moldovan Leu (MDL). The leu is divided into bani.
Among the countries in the Balkan region, Moldova is characterized by perhaps the highest acceptance of cashless payment methods. Visa/MasterCard MDL bank cards are accepted everywhere, from small grocery shops to restaurants and canteens. However, there is a nuance. According to the law, you can pay only with your own card.
Banks of Moldova, where you can issue a card
The most popular banks of the Republic of Moldova:
- Moldindconbank. It has been operating since 1959; it started as a branch of Stroybank, which sponsored the construction of transport highways and industrial facilities.
- Moldova Agroindbank. Innovative bank for all types of clients, providing high-tech financial services. It has been operating since 1991.
- OTP Bank (until 2019 — Mobiasbanca). An actively developing financial institution that is considered one of the most innovative and versatile.
- Victoriabank S.A. On the market for over 30 years, Victoriabank S.A. has established itself as a reliable bank for private and corporate clients.
- ProCreditBank S.A. A commercial banking service provider of German origin, which offers the best level of service to large and medium-sized businesses as well as private individuals.
And several dozens of other banking institutions are ready to issue Visa/MasterCard MDL card for the citizen of the country.
Using bank cards in Moldova
What you should know when using cards in the country:
- Moldova accepts major international payment systems such as Visa and Mastercard. Local cards issued by Moldovan banks are also available.
- Cards are widespread and accepted in most shops, restaurants and other outlets. However, in some small shops or markets, cash may be preferable.
- There are ATMs almost everywhere, and it is possible to withdraw cash. However, be aware that some ATMs may charge a fee for cash withdrawals.
- There may be transaction fees if you use a bank card in Moldova. Check the bank's terms and conditions in advance.
- Of course, you can use a Visa/MasterCard MDL for online purchases and online payments.
As in any other country, be careful when using your bank card in Moldova. Keep an eye on your card, don't leave it unattended and pay attention to possible fraudulent activities.
Exchange for foreign currencies
All payments in the country are made only in Moldovan lei. You can exchange money through bank branches, but this is convenient only in big cities — there are usually no branches in provinces and small villages.
With the help of BestChange, you can find online exchangers, through which, having only a smartphone with internet at hand, you can exchange lei for other fiat currency or vice versa. There are also exchange services that allow you to sell or buy cryptocurrency for Visa/MasterCard MDL. So the choice of opportunities is quite wide.