Bank accounts for Romanian companies

Bank Accounts for Romanian Companies

Opening a corporate bank account in Romania is the practical bottleneck most foreign owners hit after they incorporate or buy a Romanian SRL. The Oficiul Național al Registrului Comerțului (ONRC) entry is the easy part; the bank’s KYC, source-of-funds documentation, and beneficial-owner due diligence is where applications stall. ShelfCompanies24 has been arranging Romanian corporate banking since 1995, and the value we add is twofold: we know which banks accept which client profiles, and we pre-position your application so it clears on first submission rather than sitting in an onboarding queue for 8-16 weeks.

This page covers the Romania banking landscape in 2026, how the account-opening process works, what documents you need, what to expect on multi-currency and online banking, and what to do when the first bank does not work for your profile.

Romania Banking Partners

We maintain working relationships with relationship-management teams at the following Romanian banks (and several more, the list below is the current core network for Romania corporate accounts):

• BCR (Erste)
• BRD (Société Générale)
• Banca Transilvania
• ING Romania
• Raiffeisen Romania

Different banks suit different client profiles. International EUR/USD trading entities, e-commerce processing, regulated financial services, treasury management for groups, and operating-account-only SMEs each have a different best-fit bank. Your consultant maps your specific use case to the right partner before introduction so the application has the best chance of clearing.

The Account-Opening Process

1. Initial scoping call, your consultant reviews your business model, expected transaction volumes, currency mix, counterparties, and preferred features (cards, online banking, multi-currency, e-commerce processing) to identify the right banking partner.
2. Document preparation, we send you a tailored KYC checklist and templates. You provide certified passport copies, proof of residential address, source-of-funds declaration, and a short business-activity narrative.
3. Pre-screening, we share a redacted summary of your application with the bank’s relationship manager before formal submission. If the profile does not fit, we re-route to a more suitable bank rather than burn the application.
4. Formal application, corporate documents (Memorandum, Articles, share register, ONRC extract), beneficial-owner declarations, and your personal KYC pack go to the bank for formal onboarding.
5. Bank review and possible meeting, many Romanian banks complete onboarding remotely; some require a video or in-person meeting with a director, particularly for non-resident beneficial owners. We coordinate the meeting and brief you on what the bank will ask.
6. Account activation, once approved, you receive account credentials, online banking setup, debit card delivery, and initial deposit instructions. Typical end-to-end: 4-8 weeks.

What You’ll Need to Provide

• Certified passport copies, for every director and beneficial owner. Apostilled where required by the bank.
• Proof of residential address, utility bill or bank statement no older than 3 months, in the individual’s name.
• Corporate documents, Certificate of Incorporation, Memorandum and Articles of Association, current shareholders register, current directors register, ONRC extract dated within 30 days of submission.
• Beneficial-owner register confirmation, extract or filing receipt from the Romania beneficial-owner register confirming the BO record matches the bank’s KYC.
• Source-of-funds declaration, a short statement explaining the origin of the capital that will be deposited into the account. Specifics matter; vague wording delays onboarding.
• Business-activity narrative, 1-2 pages describing what the company will do, target markets, expected counterparties, monthly transaction volumes, currency mix, and any sector-specific licences. The bank uses this for its risk-rating model.
• Specimen signatures, for directors who will sign banking instructions.

Multi-Currency, Online Banking, and Card Services

Romanian corporate accounts in 2026 are mature digital products. Standard features across our banking-partner network:

• Multi-currency: accounts are normally available in the local currency alongside major international currencies, with JPY, PLN, SEK, NOK, DKK and other regionals depending on the bank.
• SEPA + SWIFT, SEPA Credit Transfer + SEPA Instant Credit Transfer for EUR within the EEA; SWIFT for non-EUR international transfers, with SWIFT GPI tracking on most banks.
• Online and mobile banking, standard 2FA, transaction-signing tokens, multi-user setup with role-based permissions for accounting and treasury teams.
• Corporate cards, debit and credit, contactless, virtual cards for online spend control. Visa and Mastercard rails on most Romanian banks.
• API integrations, most Romanian business banks now offer PSD2 (EU) or equivalent open-banking APIs to feed accounting and treasury systems automatically.
• Trade finance and FX, letters of credit, guarantees, hedging instruments, and dedicated FX desks available at the larger commercial banks for group treasury work.

How to Open a Romanian Business Bank Account from Abroad

Most of the accounts we arrange are opened from abroad, and the sequence is the one above: scoping, document pack, pre-screening with the relationship manager, formal application, bank review, activation. If you are based in the United States, the United Kingdom or Germany, two things need planning. Your passport copy and proof of address have to be certified and, for most Romanian banks, apostilled, which takes a few days with a notary and the competent authority at home. And the video-KYC appointment has to work across time zones, which is why we book the slot rather than leaving you in the branch queue.

Lei and Multi-Currency Accounts for a Romanian SRL

Romania is in the EU but not in the euro area, so a Romanian SRL normally runs a leu account alongside a euro one. Corporate tax, VAT and payroll are settled with ANAF in lei, while EU invoicing and intra-Community supplies are usually in euro, and the banks in our network hold both, with USD and GBP alongside them where the trade flow calls for it. Euro payments go out over SEPA, including SEPA Instant, and anything outside the area goes by SWIFT with GPI tracking. Ask your consultant which bank prices the leu to euro conversion best for your flow before the introduction is made.

Non-Resident Beneficial Owner Considerations

Most foreign owners of Romanian SRLs are non-residents, they live, work, and are tax-resident elsewhere. This is normal and well-handled by Romania’s banks, but it shapes the application:

• Heightened KYC, non-resident BO triggers a more thorough due diligence cycle. Detailed source-of-funds, professional CV, sometimes references from existing banking relationships.
• FATCA / CRS reporting, your account information is automatically exchanged with your tax-residency country under the Common Reporting Standard. The bank will collect a self-certification (CRS form) at onboarding.
• Substance signal, a SRL with adequate Romania substance (registered office, local director or attorney-in-fact, real-world activity) onboards faster than a pure passive holding entity. Where the structure has thin substance by design (e.g. nominee-only setup), we route to specialist banks that accept this profile.
• Travel for in-person meeting, most banks complete onboarding remotely in 2026 thanks to video-KYC platforms, but some still require an in-person meeting in Romania. We confirm the bank’s policy before introduction so there are no surprises.

If the First Bank Does Not Work: Backup Options

Sometimes the first bank declines, takes too long, or imposes conditions you do not like. Our service is not contingent on a single application clearing, we route to alternatives, including:

• EU EMIs and payment institutions, Lithuanian, Estonian, Maltese, and Irish-licensed e-money institutions provide EU-wide IBANs with multi-currency capability and faster onboarding than full banks. Suitable as either primary or backup for many SMEs.
• Other Romanian banks, moving the application to a different Romania bank with a complementary risk appetite.
• Other EU jurisdictions, opening an EUR account in another EU country (Estonia, Lithuania, Malta, Cyprus, Ireland) from your Romanian SRL, leveraging EU passport rights.
• Multi-bank strategy, having two or three banking relationships from the start protects against single-bank account closure or restriction. This is increasingly standard for international SMEs in 2026.

Frequently Asked Questions about Romanian Bank Accounts

Can I open a Romanian corporate bank account fully remotely?

In most cases yes. EU video-KYC platforms (e.g. Onfido, Sumsub, IDnow) are accepted by the majority of Romania banks since the AMLD5 rollout. Some banks, particularly the more traditional ones, still ask for an in-person meeting with a director. Your consultant confirms the bank’s current policy at introduction so you can plan accordingly.

How long does Romanian corporate account opening take?

End-to-end 4-8 weeks from KYC submission to account activation, depending on the bank, the complexity of your structure, and how quickly you produce the documentation pack. Pre-screening with the relationship manager before formal submission shortens the visible queue time materially. Pre-formed shelf SRLs with documented dormancy onboard slightly faster than newly formed entities because the bank’s risk-rating model treats them as lower-risk.

What is the minimum deposit for a Romanian corporate account?

Romania retail business accounts typically have no statutory minimum deposit; some banks ask for a starting balance to demonstrate the account is intended for active use. Private banks and specialist commercial banks set their own (higher) minimums depending on the service tier. Your consultant tells you the expected number for the specific bank we are introducing you to.

Will the bank ask about my source of funds and how do I document it?

Every modern bank asks. The source-of-funds declaration must be specific and documentable: salary income (with employer name and country), savings from a sold business (with sale documentation), inheritance (with probate or estate documentation), investment returns (with brokerage or investment-account statements), or accumulated profit from another business (with accounts). Vague language like ‘personal savings’ fails. We help you draft a compliant declaration that the bank’s compliance team will accept on first review.

Can my Romanian SRL accept payments from clients in restricted countries or industries?

Banks operate sanctions screening continuously, payments from sanctioned countries (Russia, Iran, North Korea, parts of Belarus, etc.) will be rejected or frozen. Some industries (gambling, crypto, adult, cannabis, weapons) are restricted by individual bank policy even where lawful in Romania. If your activity touches restricted territory, tell us at scoping; we route to banks with explicit acceptance of your sector or, if no Romania bank takes the profile, to specialist EMIs and alternative providers that do.

Can I open a Romanian bank account before the company is registered?

For a new SRL you effectively have to. The capital social is paid into an account opened at a Romanian bank in the name of the company in formation, and the bank issues a chitanță capital social which forms part of the ONRC file. Once the company is registered that account is converted into an operating account, or the application moves to a bank that better suits the operating profile. A ready made SRL already holds its capital social account and you become signatory on transfer.

Does my Romanian company need an account in lei as well as euro?

In practice yes. Romania has not adopted the euro, so corporate tax, VAT and payroll are paid to ANAF in lei and most domestic suppliers invoice in lei, while intra-Community sales are usually settled in euro. The banks in our network open both currencies on the same corporate relationship, with USD and GBP available where your counterparties need them, so this is a matter of setting the account up correctly at onboarding rather than a second application.

Do the directors or shareholders have to be resident in Romania?

No residency or nationality requirement applies to either the associates or the administrators of a Romanian SRL. Law 31/1990 draws no distinction between Romanian and foreign nationals, and a company can be founded and managed entirely from abroad. Non-resident associates and administrators do need a Romanian tax identification number, and must supply the specimen signature and clean criminal record declarations that the trade register asks of everyone.

Which Romanian bank is best for a foreign-owned SRL?

There is no single best bank, only a best fit, which is why we ask about the business before naming one. The variables that decide it are the currency mix between lei and euro, the size and direction of your transfers, whether you need card acquiring or e-commerce processing, the sector you trade in and where the beneficial owners are resident. BCR, BRD, Banca Transilvania, ING Romania and Raiffeisen each have different appetites across those axes. We match the profile first and introduce second, because a rejection is read by the next bank.