Can a foreigner open a bank account in Romania?

Yes. Both EU and non-EU citizens can open personal and business bank accounts in Romania. You'll need a valid passport, proof of address, and for business accounts, company registration documents (CUI certificate, articles of association).

Can I open a Romanian bank account remotely?

Some banks (like ING) offer limited remote account opening. However, most Romanian banks require at least one in-person visit for identity verification. We can accompany you or act via Power of Attorney at select banks.

What documents do I need to open a business bank account?

Required documents: CUI certificate, articles of association, ONRC registration certificate, shareholder ID/passport, proof of registered office, and company seal (if applicable). We prepare all documents as part of our company formation package.

How long does it take to open a bank account in Romania?

Personal accounts: 1-2 days. Business accounts: 2-5 business days depending on the bank's KYC/AML verification process. We expedite the process through our banking relationships.

Which Romanian bank is best for foreign companies?

For foreign companies, we recommend Banca Transilvania (best for SMEs, English support), ING (best digital platform), or Raiffeisen (best for Austrian/German companies and trade finance). The choice depends on your specific needs.

Are there any restrictions on transferring money out of Romania?

No. Romania has no capital controls. You can freely transfer profits, dividends, and capital abroad. Transfers within the EU/EEA are processed within 1 business day. International transfers take 2-3 days.

Do Romanian banks offer multi-currency accounts?

Yes. Most major Romanian banks offer multi-currency accounts (RON, EUR, USD, GBP). This is essential for companies conducting international trade or receiving payments in foreign currencies.

What are the banking fees in Romania?

Bank charges are set by each bank in its published tariff list; check the current fee schedule of the bank you choose.

Updated March 2026

Open a Bank Account in Romania

Complete guide for foreign investors and companies. Compare the best Romanian banks, understand documents required, and get legal assistance with account opening.

Get Assistance Form a Company First

Best Banks in Romania for Foreign Companies

Banca Transilvania (BT)

Largest Romanian bank

Best for SMEs
English-speaking staff in major branches
Strong online banking
Fast account opening (1-3 days)

Min. deposit: 0 RON

ING Bank Romania

International bank

Full English support
Excellent digital platform
No branch visits needed
International transfer network

Min. deposit: 0 RON

Raiffeisen Bank Romania

Austrian-owned

Strong corporate banking
Multilingual support (EN/DE)
Trade finance services
Cross-border payments

Min. deposit: 0 RON

BCR (Erste Group)

Austrian-owned

Largest branch network
Corporate cash management
Treasury services
EU-wide banking

Min. deposit: 0 RON

How to Open a Business Bank Account — 6 Steps

Register Your Company

3-5 days

Complete ONRC registration and obtain your CUI (tax ID). We handle this in 3-5 days.

Choose the Right Bank

1 day

We recommend the best bank based on your business needs, transaction volumes, and international requirements.

Prepare Documents

1 day

CUI certificate, articles of association, ONRC registration, shareholder passport, proof of address.

Schedule Bank Appointment

1 day

We arrange the meeting and can accompany you or act via Power of Attorney.

Complete KYC/AML Verification

1-3 days

The bank verifies identity, beneficial ownership, and source of funds.

Activate & Start Transacting

Same day

Receive account details, online banking credentials, and business debit cards.

Frequently Asked Questions

Need Help Opening a Romanian Bank Account?

We handle everything — from company formation to bank account setup.

+40 740 011 411 Company Formation

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Last updated: March 3, 2026

Reviewed by: Pantilimon Avocat

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