๐ท๐ด Opening a Bank Account in Romania
Honest assessment of business banking for foreign founders in Romania.
Major Romanian banks include Banca Transilvania, BRD (Sociรฉtรฉ Gรฉnรฉrale), ING Romania, and Raiffeisen Bank. Account opening typically requires an in-person visit for at least one signatory, though some banks are beginning to offer remote onboarding for EU nationals. EMIs such as Wise Business and Revolut Business are widely used as secondary accounts. Romanian banks generally support SEPA and SWIFT transfers and offer RON and EUR accounts. Expect KYC documentation requirements including proof of business activity and beneficial ownership declarations.
Tips for Success
- Have all company formation documents ready before applying โ trade licence, articles of association, certificate of incorporation.
- Prepare a clear business plan or description of your business activities, even if the bank doesn't explicitly ask for one.
- Consider digital/neo-banks as your first account โ they typically have faster onboarding for new companies.
- Apply to multiple banks simultaneously rather than sequentially โ rejection at one doesn't affect others.
This content is educational and does not constitute legal or tax advice. Always consult a qualified professional for your specific situation. Data last verified March 2026.