Company Bank Account in Romania

Traditional banks · digital banks · remote options · document preparation · share capital transfer

A bank account in Romania is a legal requirement for every new company: since 1 January 2026 an SRL must open a payment account in Romania within 60 working days of its registration (Law 70/2015 as amended by Law 239/2025). The same account receives the share capital, and without it the company cannot take payments from customers or pay suppliers. Romanian traditional banks require the company director to attend a branch in person with a specific set of documents – and the application can be rejected if the documentation is incomplete or if the bank’s internal KYC policies consider the company higher risk.

Romania for Business Advisory S.R.L. advises on bank selection, prepares the complete documentation pack, coordinates the appointment and briefs the client on what to expect at the bank meeting. For clients who cannot travel to Romania, we identify the most suitable digital banking alternatives that allow remote account opening for Romanian companies.

How to open a bank account in Romania for an SRL, in short: book a branch appointment as soon as ONRC issues the registration certificate; bring the certificate, the articles of association, a Trade Register extract and the director’s passport; expect the account to be active 2–4 weeks after the first contact with the bank. A foreign director signs at the branch in person. Revolut Business can be opened remotely and gives Romanian companies a Romanian (RO) IBAN. The share capital (at least RON 500 for a new SRL) is paid into the account: 30% within 3 months of registration, the rest within 12 months.

Bank account opening coordination – Romania

from 150€coordination fee

Bank account coordination package includes:

Bank selection advice – traditional vs digital based on your business needs
Bank comparison and recommendation – BRD, Raiffeisen, ING, BCR, UniCredit
Complete document preparation – full bank file in Romanian and English
Document checklist and review – confirmed complete before the appointment
Branch appointment scheduling – direct bank contact and confirmation
Pre-appointment briefing – what to expect, what to bring, how to sign
Post-appointment follow-up – confirmation of account opening and setup
Share capital transfer guidance – timing, reference and bank procedure
Online banking setup checklist – internet banking, payment templates, FX
Accounting integration – account details handed over to monthly accountant

Fixed fees – bank account opening

Bank account coordination – traditional Romanian bank €300
Digital bank setup support – Revolut / Wise Business €150
Additional bank account (second account, same client) €150
Urgent appointment coordination (priority scheduling) €150 extra
Share capital transfer guidance and confirmation included
Non-resident director – NIF application (required for signing) €300

Open a company bank account in Romania →

Fees confirmed in writing before engagement. The coordination fee covers advice, document preparation and appointment management – the bank account itself is free or subject to the bank’s own standard account fees. Fees may be subject to Romanian VAT.

Book the bank appointment before the registration certificate is issued – not after

Romanian traditional banks (BRD, Raiffeisen, ING, BCR, UniCredit) frequently have waiting times of 1–2 weeks for new company account openings in Bucharest. Two clocks start at registration: 60 working days to open the account and 3 months to pay in the first 30% of the share capital – so opening the account promptly after registration is essential. We recommend contacting the preferred bank to schedule an appointment before the ONRC registration is complete.

The 60-Working-Day Rule – Why a Romanian Company Must Have an Account in Romania

From 1 January 2026 every Romanian legal entity must hold at least one payment account in Romania or an account with the State Treasury, for as long as it operates. A new company has 60 working days from registration to open it. Founders who planned to run the SRL only through a foreign IBAN now need a second, Romanian account.

Rule	What it means for your SRL	Legal basis
Deadline for a new company	A payment account must be opened within 60 working days of the date the company is registered.	Law 70/2015, art. 1(1^2), added by Law 239/2025
Which account counts	A payment account in Romania or a State Treasury account. An RO IBAN at a Romanian bank or at the Romanian branch of an EU bank is held in Romania; a Wise EUR account with a Belgian IBAN is not.	Law 70/2015, art. 1(1^1); payment account as defined in Law 209/2019, art. 5(1)(11)
Fine	RON 3,000 to RON 10,000 for not opening or not keeping the account.	Law 70/2015, art. 12(4)
Inactive taxpayer status	ANAF can declare a company without such an account fiscally inactive. It is reactivated once the account is open and the other filing obligations are met.	Fiscal Procedure Code, art. 92(1^2) and 92(7^1)

Checked on 6 October 2026 against the ANAF summary of the Law 239/2025 amendments (in Romanian).

Traditional Banks vs Digital Banking – Which Is Right for Your Company?

Romanian companies can open accounts at traditional Romanian banks or at digital banking providers (e-money institutions) licensed in the EU. Each option has different requirements, capabilities and suitability depending on the company’s activity and the director’s ability to attend in Romania.

Traditional Romanian bank

Advantages:

Romanian IBAN (RO…) – preferred by Romanian clients, ANAF and courts
Full banking services – RON, EUR, multi-currency, loans, FX
Accepted by all Romanian authorities for salary payments, tax payments
Better accepted for VAT registration with non-resident directors
Physical branch network for cash deposits and in-person services

Disadvantages:

Director must attend branch in person – no remote option
KYC process can be slow – 1–3 weeks from appointment to account active
Some banks decline foreign-owned companies or non-resident directors

Digital bank (Revolut, Wise, Monneo)

Advantages:

Remote account opening – no visit to Romania required
Fast setup – account typically active within 3–7 days
Multi-currency accounts – EUR, USD, GBP, RON available
Low or no monthly fees; competitive FX rates
Good for international payments and e-commerce

Disadvantages:

Wise generally does not provide a Romanian IBAN, while eligible Revolut Business customers in Romania may receive a Romanian (RO) IBAN.
Not always accepted for Romanian payroll (REVISAL) obligations
May not satisfy VAT registration substance requirements
Not suitable as sole account for ANAF tax payment mandates

Most companies need both – a Romanian IBAN for compliance and a digital account for operations

For international companies with a Romanian SRL, the optimal banking setup is typically a traditional Romanian bank account (for share capital transfer, ANAF tax payments, payroll and Romanian client receipts) combined with a Revolut or Wise Business account (for international payments, multi-currency management and daily operations). Romania for Business Advisory S.R.L. advises on the best combination for each client’s situation.

Romanian Banks and Digital Alternatives – Comparison

The table below covers the main banking options available to Romanian company owners. For a foreign director, every traditional bank requires a visit to a branch in person; Banca Transilvania opens SRL accounts online only when the sole shareholder is also the director and lives in Romania. Romania for Business Advisory S.R.L. advises on which bank is most appropriate for the company’s specific situation and ownership structure.

Bank / Option	In-person required?	Remote option?	Best suited for
BRD – Groupe Société Générale	✓ Yes	✗ No	Wide branch network; general business; standard documentation
Raiffeisen Bank Romania	✓ Yes	✗ No	International client support; English-language service; strong online banking
ING Romania	✓ Yes	✗ No	Good digital banking features; favoured for online businesses
Banca Transilvania	✓ Yes, for a foreign director	Online only for a sole shareholder-director resident in Romania	Large Romanian banking network; suitable for corporate banking
BCR (Banca Comerciala Romana)	✓ Yes	✗ No	Major Romanian bank; part of Erste Group
UniCredit Bank Romania	✓ Yes	✗ No	EU-linked operations; international brand; strong trade finance
Revolut Business	✗ No	✓ Remote	Digital-first; quick setup; multi-currency; Romanian companies receive a Romanian (RO) IBAN
Wise Business (Belgian IBAN for EUR)	✗ No	✓ Remote	International payments; low FX fees; IBAN for EU transfers
Monneo / other EMIs	✗ No	✓ Remote	Specialist fintech solutions; e-commerce; online businesses

Some banks are more international-client friendly than others – ask before booking

Not all Romanian banks have the same attitude to foreign-owned companies or non-resident directors. Some branches are significantly more experienced with international clients and process these applications faster and more smoothly. Romania for Business Advisory S.R.L. recommends the most appropriate bank and branch for each client’s specific situation – reducing the risk of rejection or unnecessary delay.

Documents Required to Open a Romanian Company Bank Account

Every Romanian bank has its own specific document requirements, but the standard document pack for a newly registered SRL with a foreign individual shareholder and director is consistent across the major banks. Romania for Business Advisory S.R.L. prepares the complete document pack before the appointment.

Document	Detail and notes
Registration certificate (certificat de înregistrare)	The original or a certified copy issued by ONRC. Must be the most recent version – if any amendments have been made since original registration, the updated certificate is required.
Articles of Association (Act Constitutiv)	The signed, authenticated Articles of Association. Some banks also request a stamped copy from the Trade Register. Romania for Business Advisory S.R.L. provides the version appropriate for each bank.
Trade Register extract (Extras ONRC)	A recent extract (not older than 30 days) from the Trade Register confirming the company’s current registered information – shareholders, directors, registered address, CAEN codes. Available from the ONRC portal or requested by your accountant.
Director’s valid passport	The company director attending the bank meeting must present their valid passport (original). A national ID card from an EU country is also acceptable for EU nationals. The ID must match the details in the registration certificate exactly.
Director’s proof of residential address	A recent utility bill, bank statement or official letter confirming the director’s residential address (not older than 3 months). Must be in the director’s name – a translated version may be required if not in Romanian or English.
Director’s NIF (Număr de Identificare Fiscală)	Non-resident directors (those who are not Romanian tax residents) may be required by some banks to provide their Romanian NIF – the personal tax ID issued by ANAF. Romania for Business Advisory S.R.L. coordinates NIF applications for non-resident directors (€300).
Company stamp (ștampilă)	Some Romanian banks still require a company rubber stamp on account-opening forms. Romania for Business Advisory S.R.L. advises whether a stamp is needed for the selected bank and coordinates production if required.
Beneficial owner declaration (UBO)	Confirmation of the beneficial owner – typically provided via the Trade Register UBO filing confirmation. Some banks request a bank-specific beneficial ownership declaration form signed by the director.
Nature of business declaration	Banks ask the director to complete a form describing the company’s business activities, expected transaction volumes, source of funds and anticipated turnover. Romania for Business Advisory S.R.L. prepares this briefing in advance of the appointment.

How Bank Account Opening Works – Step by Step

Romania for Business Advisory S.R.L. manages the complete bank account opening process – from bank selection through to share capital transfer confirmation. The director needs to attend the bank in person for one appointment; everything else is coordinated on their behalf.

Bank selection advice

Document pack prepared

Appointment scheduled

Director attends bank

KYC review by bank

Account confirmed active

Share capital transferred

After the appointment, the bank typically takes 3–10 working days to complete internal KYC checks and activate the account. Romania for Business Advisory S.R.L. follows up with the bank and notifies the client when the account is active. The share capital transfer guidance is provided at activation – including the correct bank transfer reference format and the statutory deadlines.

Transferring the Share Capital – Deadline and Procedure

For an SRL, at least 30% of the subscribed share capital must be paid within 3 months of registration and before the company starts trading; the rest of a cash contribution is due within 12 months (Law 31/1990, art. 9^1). This is a legal obligation – not a bank requirement – and the transfer confirmation is a document the company must retain.

Aspect	Detail
Deadline	30% of the subscribed capital within 3 months of registration and before the company starts its activity; the remaining cash contribution within 12 months; contributions in kind within 2 years (Law 31/1990, art. 9^1).
Amount	The full amount of the share capital declared in the Articles of Association. Minimum for a new SRL: RON 500 (approximately €100). An SRL whose annual net turnover exceeds RON 400,000 must have at least RON 5,000 (Law 239/2025). For companies that declared higher share capital (e.g. for VAT registration purposes): the full declared amount.
Who transfers	Each shareholder transfers their proportionate share of the total capital from their personal bank account to the company account. Reference: the company name and CUI number, with description ‘aport la capitalul social’ (share capital contribution).
Currency	Share capital is denominated in RON in the Articles of Association and in the Trade Register. The transfer must be in RON. If transferring from a EUR account, the conversion to RON is made by the bank at the applicable exchange rate on the date of transfer.
Bank confirmation	Keep the bank transfer confirmation (dovada vărsării capitalului social). This document proves compliance with the share capital obligation and may be requested by ANAF during a tax inspection or when applying for VAT registration.
Accounting treatment	The share capital contribution is recorded in the company’s accounting books as equity. Your accountant records the transfer in the month it is received. It is not an expense – it is a permanent equity contribution that becomes the company’s working capital.

Opening a Romanian Company Bank Account Online – Revolut Business and Wise Business

For international founders who cannot travel to Romania immediately, or who want a fast, multi-currency business account alongside their Romanian traditional account, Revolut Business and Wise Business are the most widely used digital banking alternatives for Romanian SRL companies. Among traditional banks, Banca Transilvania has opened SRL accounts fully online since November 2021 with one identity document, but only when the sole shareholder is also the director and is resident in Romania; every other set-up means a branch visit.

Feature	Revolut Business	Wise Business
Registration	Online via the Revolut Business app. Requires company registration documents and director ID – uploaded digitally.	Online via the Wise Business website. Similar document upload process – registration certificate, director passport, proof of address.
IBAN issued	Romanian (RO) IBAN. Since September 2024 accounts of Romanian clients are held with Revolut Bank UAB Vilnius Sucursala București, a branch registered with the National Bank of Romania.	EUR account details with a Belgian (BE) IBAN. Not a Romanian IBAN.
Currencies	Multi-currency – RON, EUR, USD, GBP and 25+ others. RON account available for Romania-based payments.	Multi-currency – 40+ currencies. RON account available.
FX fees	Interbank rate up to the plan’s monthly allowance (RON 5,500 on Basic), 0.4% above it.	Transparent – exact mid-market rate + small fixed fee per transfer.
Setup time	Typically 3–7 business days from application to active account.	Typically 2–5 business days from application to active account.
Monthly fee	RON 50 (Basic), RON 170 (Grow) or RON 500 (Scale) a month; Enterprise is priced individually. The free plan was withdrawn in July 2024.	No monthly fee; a one-off €50 fee to open the account, then a fee per transfer.

Romania for Business Advisory S.R.L. helps clients set up Revolut Business or Wise Business accounts – preparing the required company documents, advising on the verification process and troubleshooting any KYC queries from the digital bank’s compliance team. Digital bank setup support is priced from €150.

Frequently Asked Questions – Bank Account Opening in Romania

For traditional Romanian banks (BRD, Raiffeisen, ING, BCR, UniCredit) – yes, the company director must attend a branch in person. This is a bank requirement (not a legal requirement), driven by Romanian anti-money laundering regulations. There is no power of attorney route for traditional bank account opening in Romania – the director must appear in person and sign the account-opening documentation. For digital banking alternatives (Revolut Business, Wise Business), remote account opening is possible with document upload.

The ‘best’ bank depends on the company’s planned activity, the director’s situation and the priority features needed. Raiffeisen Bank Romania is frequently recommended for international clients due to its English-language service and experience with foreign-owned companies. ING Romania is popular for digital features. Banca Transilvania suits clients with a large Romanian banking network. Romania for Business Advisory S.R.L. advises on the most appropriate bank and branch for each client’s specific situation – reducing the risk of rejection or delays.

Not recommended as the sole account. Wise generally does not provide a Romanian IBAN, while eligible Revolut Business customers in Romania may receive a Romanian (RO) IBAN. Some Romanian authorities (including ANAF for direct debit mandates, and some Romanian payroll systems) may not accept non-Romanian IBANs. They are excellent as a secondary account for international payments and multi-currency management, but a traditional Romanian bank account with a Romanian IBAN is recommended as the primary account for tax payments, payroll and Romanian client receipts.

The standard document pack includes: the registration certificate (certificat de înregistrare); the Articles of Association (Act Constitutiv); a recent Trade Register extract (Extras ONRC – not older than 30 days); the director’s valid passport or national ID; the director’s proof of residential address (not older than 3 months); and a beneficial owner declaration. Some banks also require a company stamp and/or a completed business description form. Romania for Business Advisory S.R.L. prepares the complete document pack tailored to the selected bank’s requirements.

The timeline has two parts: (1) scheduling the appointment – typically 1–2 weeks from contact to appointment date at major Romanian banks; and (2) account activation after the appointment – typically 3–10 working days while the bank completes KYC. Total typical timeline: 2–4 weeks from starting the process to active account. Romania for Business Advisory S.R.L. recommends starting the bank account process before the registration certificate is issued to avoid delays in the share capital transfer.

There is no legal minimum deposit. The first payment into a new SRL account is usually the share capital: at least RON 500, of which 30% is due within 3 months of registration. Running costs depend on the account: traditional banks charge a monthly package fee from their own tariff, Revolut Business costs RON 50 to RON 500 a month depending on the plan, and Wise Business charges a one-off €50 with no monthly fee. Our coordination fee for a traditional bank account starts at €300.

At least 30% of the subscribed capital within 3 months of registration and before the company starts trading; the rest of a cash contribution within 12 months (Law 31/1990, art. 9^1). The company bank account itself must be open within 60 working days of registration. The transfer must be in RON, referenced as ‘aport la capitalul social’, with the company CUI number. Keep the bank transfer confirmation – it may be requested by ANAF.

Yes. Romanian banks open accounts for companies with foreign shareholders and directors; the director signs at a branch with a passport. Some banks are more accepting of non-resident directors than others, and additional documents may be required (including the director’s Romanian NIF – personal tax identification number). Romania for Business Advisory S.R.L. advises on the most suitable bank for non-resident directors and coordinates the NIF application if one has not already been obtained.

No. Romanian traditional banks require the director named in the company’s registration documents to attend in person and sign the account-opening documentation. The accountant can prepare all documents and coordinate the appointment – but the director must be physically present at the branch. For this reason, many international founders schedule their bank appointment during a trip to Romania planned in connection with other business, or choose a digital banking alternative for the initial period.

Bank rejection is possible – particularly for foreign-owned companies with non-resident directors, unusual business activities or incomplete documentation. Romania for Business Advisory S.R.L. prepares each application to minimise rejection risk by ensuring documentation is complete and the bank’s specific KYC expectations are met. If a rejection does occur, we advise on the grounds for rejection, recommend an alternative bank and prepare a strengthened application for the next attempt.